I Will Teach You To Be Rich Paperback – March 23, 2009

This is the perfect book for people of any age that haven't optimized their finances yet. If you haven't taken the basic steps this book lays it out. Stylistically it is written for people in their twenties but if you're 30 or 40 and haven't taken these steps yet then this book is great for you. The book gives specific recommendations for companies/accounts to use which are now out of date but thats ok a little research will get you the best up to date info and I'll fill you in on my accounts here. The most important aspect of this book is the recommendation to START INVESTING NOW!!!!! It doesn't matter how old you are or how much money you have, just start putting some money in the market NOW, as you save more you can invest more. The problem a huge portion of the population has is doing nothing with your savings for fear of "not doing it right." I cant tell you how many 35 year olds have $50k sitting in a savings account because they have this fear issue. If they had just taken some simple steps at age 25 instead of age 35 they'd have $70k instead of $50k. It is very simple to get started "doing it right" and this book will teach you how, and also why its the right thing. This book teaches you the very simple steps and the most simple investing strategies. But guess what 98% of the population should only do these simple things and nothing else.The book will teach you how to:Get your financial accounts organized you need: Regular Checking/Savings with physical branches near you, online high interest savings account, investment account. The book will teach you how to set up these accounts, and automate sending money from one account to the other. This way you don't really need a detailed budget to control spending, you send your savings away from your checking account and only spend what you have left in checking every month.Figure out where you might be wasting money - The book teaches you how to stop wasting money on bank fees, high cable bills etc, but also just tells you to figure out where you might be spending money that you don't really care about and stop it. If you loooove your lattes and never go to the gym, then keep buying your lattes but stop paying your gym for nothing! If you buy lattes but you don't really care about them then stop, etc.Ok here are the best specific accounts I use (2017).Local Bank - Bank of America (yes they are evil but sometimes you need a local branch, and don't worry they have a very small portion of my money). This one doesn't really matter just pick one with branches near you. When you get money (paycheck etc) it goes here. Once a month you send a specific amount of $$ to Online High Interest Savings. Pay your credit card bills using this account.Online High Interest Savings -- Ally Bank has the best rate right now, Capital One 360 (used to be ING Orange), is the other main one. You keep a set amount in here that is your reserve funds (2-3 months of expenses). If possible pay your car payment, and mortgage/rent using auto draft from this account. Then every month a set amount of $$ gets sent from here to your true long term savings which is your investment account.Investment Account -- CHARLES SCHWAB!!!! -- Right now I think Chuck is the best investment house. I have been using them for years and I have literally never paid them a single penny in fees for making trades or anything else. They have the best array of no fee ETFs. Use their "ETF Porfolio Builder" to help you pick your Index ETF's and you are off and running with investing in the stock market! You can also get a real person on the phone now and then for no cost if you want to ask questions. Also when you have an investment account with them you can get a checking account where they pay you back for every single penny in ATM fees! So if you're in Vegas and the ATM charges you $10 to withdraw cash, Chuck gives that money back to you! Never again feel stupid for pulling money from an ATM!Credit Cards – Stop with the points and the miles. It’s a shell game, its kinda fun and it seems like you’re winning but you’re not. Cash back the best way to optimizeCiti Double Cash – 2% cash back on every single purchase you make. No revolving categories etc. No annual fee. This is the best cash back card on the market.Amex Blue Cash Preferred -- $75 fee per year, 3% back at gas stations, 6% back at grocery stores (with a cap), 1% on everything else. For families where gas and groceries are large expense items this card is very much worth it.Ok go buy this book and start optimizing your finances! Once you have all this done, then maaaybe think about buying specific stocks. But probably not, its just gambling.

I want to start out by saying that I am 59 years old. Over the past holiday season I was catching up on all the magazines I subscribe to and came a cross a small article in an Oprah (July 2012) magazine that I was getting ready to toss - I know I'm a little behind in my reading and decluttering - but, hey, what can I say? Anyway - there was this small article about "The 7 Money Mantras Experts Live By" whereby Remit Sethi talks about scrimping and saving, and why so many people neglect the possibility of making more money, whether negotiating a raise or finding a way to bring in extra income using a valuable skill. My interest was peaked immediately. I stopped what I was doing and Googled Remit Sethi. The title alone - I Will Teach You To Be Rich - was intoxicating - to say the least. I spent the rest of the day on Google, You Tube and the internet researching who in the world was Remit Sethi? I purchased the book on Amazon also at this time. Through my research I began to be mesmerized by this young man who's parents must be busting at the seams with pride on what he has accomplished in his short lifetime. Way to go Remit!After receiving the book from Amazon I spent two days reading, ear-marking pages and highlighting areas that I didn't want to miss when I came back to implement his advice. Obviously this book is targeting young people in their 20's and 30's - BUT! - we are never too old to learn new ways to improve on how we can make more money on the the hard earned money we make. I just wish there had been a no nonsense financial road map book written for me back in the day because I would have been miles ahead by now. Having a distinct road map with how to understand credit cards, 401k's, Roth IRA's, Stocks, Bonds, Life Cycle Funds, Index Funds, Mutual Funds and various other types of investing - while knowing where to find them, what to say and how to implement them would have proven to be invaluable to me - to say the least. Every example he uses about what we were taught back in the day about saving, investing and making your money work for you is exactly what happened to me - and my mother was a banker! I have learned how to "ladder" my CD's but I consistently asked "Isn't there something better?" My mother was my only adviser - which Remit will tell you in this book to be wary of following your parents advise on finances - rightfully so - if they are opposed to investing in the stock market because they came from a time that all they can remember is the stock market crash of 1929! Suffice to say - In good years I have made as much as 6% on my CD's, but in bad year's only 2%. I am not proud of this paltry gain but as Remit says - doing something is better than not doing anything.This book is not for 59 year old people - except if you are wise enough to buy it for your children to read and help them set this up properly - BUT! - this book is for people in their 20's and 30's - for sure! I would say this book should be MANDATORY for all young people - starting as young as Juniors/Seniors in High School - so they will be prepared for what lies ahead when they get to college and beyond. I was not prepared - nor are our children - to handle the onslaught of Credit Card companies when they get to college. Remit's book is a must read for those who do not want to end up where I am and haven't had the guidance or mentor's - like he did - to make MORE out of the money you earn - because like it or not - YOU WILL BE WHERE I AM TODAY AND SAYING TO YOURSELF - I shoulda, coulda, woulda - if I had only known!To all people who read this book, I have one final thought - FOLLOW REMIT'S ADVICE AND YOU WILL BE ON THE PATH TO BEING RICH! Buy the book - take it one chapter at a time - implement his teachings - and when everyone is getting laid off and they don't know how they will make their next car payment because they haven't saved for the unexpected hiccups that life throws their way - believe me, this will happen to you no matter what you say or think - you will be smiling all the way to the bank, your anxiety level will be nonexistent and you will then write a review for Remit's book that will rival mine!