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The cover of I Will Teach You to Be Rich

I Will Teach You to Be Rich

Ramit Sethi, 2009

A six week program to automate your money: better credit cards and banks, a Roth IRA and 401(k), and low cost investing, so you can spend on what you love.

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11 parts, about 28 minutes to read.

Why read it

  • Replaces budgeting with a Conscious Spending Plan: fund saving and investing first, then spend the rest guilt free on what you love
  • Lays out a six week program, from credit cards and accounts to automatic investing, so your money runs by default
  • Shows with numbers how fees and market timing erode returns, and why low cost index or target date funds beat trying to pick winners

Who it is for

  • Early career earners with no system for saving or investing
  • People carrying credit card debt who want a concrete payoff plan
  • Readers who dislike budgets and tracking every penny

What the summary covers

  1. Would You Rather Be Sexy or Rich?3 min
  2. Ten Rules and Six Weeks1 min
  3. Optimize Your Credit Cards3 min
  4. Beat the Banks2 min
  5. Get Ready to Invest2 min
  6. Conscious Spending3 min
  7. Save While Sleeping2 min
  8. The Myth of Financial Expertise3 min
  9. Investing Isn't Only for Rich People3 min
  10. How to Maintain and Grow Your System2 min
  11. A Rich Life4 min

Recommended by

  • Burton G. MalkielEconomist and author of A Random Walk Down Wall Street
    Don’t let the breezy, irreverent style of this book fool you.
  • Seth GodinAmerican author and marketing expert
  • J. D. RothEditor of GetRichSlowly.org
    Smart, bold, and practical.
  • Seth GodinAmerican author and marketing expert
    The easiest way to get rich is to inherit. This is the second best way—knowledge and some discipline. If you’re bold enough to do the right thing, Ramit will show you how. Highly recommended.

About the author

  • Ramit SethiPersonal finance writer and host of the Netflix series How to Get Rich
    • Born on June 30, 1982, in the United States
    • Studied technology and psychology at Stanford
    • Earned a Stanford bachelor's degree in 2004 and a master's in sociology in 2005
    • Cofounded PBworks, a commercial wiki website
    • Writes about money, business and psychology for a million readers a month on his site
    • Called a wealth wizard by Forbes and the new guru on the block by Fortune
    • Released the book in 2009 and an updated version in 2019
    • Hosts a podcast and the 2023 Netflix series How to Get Rich

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