Click for larger image and other viewsI Will Teach You To Be Rich [Paperback]
Personal Review From Customer (Unbiased)
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Personal Review From Customer (Unbiased)
122 of 131 individuals found the subsequent review useful.
Not your parents' cash management book
By Susan Roberts
First, here's what this book is not: it isn't your parents' cash management and investing book, though as a parent I would like I had exhausted my twenties what Ramit Sethi tells the twenty-somethings they must be doing without delay.
Ramit starts with the premise that almost all individuals are therefore overwhelmed by the sheer quantity of economic data accessible that they simply pack up and do nothing. therefore Ramit tells you specifically what to try and do along with your cash and why. wish to grasp whether or not it's smarter to pay additional on your student loans or place that money into your 401(k) instead? Ramit can tell you. wish to grasp some specific money corporations that supply the low-cost index funds you must invest in through your Roth IRA? Ramit can tell you. does one not even understand what the heck an index fund is? Ramit can tell you!
Ramit conjointly tells the reality concerning brown bagging your lunch and curbing your latte habit; and therefore the truth is that these actions on their own are nearly pointless. Instead, you must track the large wins, like obtaining very cheap interest rate and therefore the best worth on your next automobile as a result of you've got impeccable credit and negotiated "like an Indian" (negotiation scripts included).
Ramit maps out specifically the way to get from where you're currently to where you wish to be financially, together with the way to produce a private cash management system that practically manages itself. Ramit's system starts with a no-fee checking account and a web high-interest savings account. (He even tells you which of them on-line bank he uses.) He then walks you thru fitting automatic bill payments and often scheduled transfers to your investment accounts. Throughout, he includes easy-to-understand charts, moreover as short items by alternative personal finance bloggers.
I would like I may quote a number of the passages that I found particularly helpful or entertaining--Ramit writes with an appealing, if oddball, humor--but I even have already mailed my copy of the book to my 24-year-old son, who referred to as me last night to inform me it never would've occurred to him to raise his bank to waive an overdraft fee. (That gem is in chapter two, I think.)
Thank you, Ramit! I hope this enthusiastic review by an "old person" won't stop the youth from shopping for your book!
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I Will Teach You To Be Rich [Paperback]
Product Details Amazon Sales Rank: #2088 in Books Published on: 2009-03-23 Released on: 2009-03-23 Original language: English Number of items: 1 Dimensions: .59" h x 6.02" w x 9.04" l, .83 pounds Binding: Paperback 266 pages
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