Ten years ago, Ramit Sethi released his groundbreaking book I Will Teach You to Be Rich. Now he’s back, with an all-new, updated version, delivered with the same authority and enthusiasm as the original.
But wait, there’s more—MUCH more! Ramit has completely revamped this book. There’s over 100 brand new pages of content!
Mindy and Scott talk to Ramit about his take on the FIRE movement, what “rich” means to him, and his opinion of real estate as an investment.
When you’re looking for excuses to not get started repairing your finances and living your best life, you’ll find them everywhere. But when you’re ready to get your financial life in order and grow your wealth, Ramit’s book will not only help you define the term “rich,” but will also give you the tools to get there—without the guilt, without the B.S. It’s just a six-week program that works.
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In This Episode We Cover:
- What rich means to Ramit
- Tips on how to be rich for people who are living paycheck to paycheck
- What a CEO strategy is
- His advice on cutting off spending
- What a tripod of stability is
- On his investment portfolio
- The concept of the one-year emergency fund
- The $3 question versus the $30,000 questions
- What people mostly do with their money
- Things to do to stay on track with your goals
- How to talk to your partner about money
- His favorite thing about FIRE
- What a hot to cool concept is
- On increasing his income and negotiating his raise
- The psychology of negotiation
- Negotiation role-play
- What a briefcase technique is
- The difference between the first and second editions of I Will Teach You to Be Rich
- Mistakes he made in his first book that needed to be updated
- Why he is not a fan of real estate investing
- Scott and Mindy’s real estate decision-making
- And SO much more!
Links from the Show
Books Mentioned in this Show
- “You should be average, and you should be happy with it.” (Tweet This!)
- “Start with what you want, not with what you don’t want.” (Tweet This!)
- “Having frameworks and general rules are really good in life.” (Tweet This!)
- “A rich life is really fundamentally about being excellent at what you do. When you’re excellent at what you do, everything else falls into place.” (Tweet This!)
- “Be excellent first and the money will take care of itself.” (Tweet This!)