I will teach you to be rich No guilt. No excuses. No BS. Just a 6-week program that works
Book - 2019
Saved in:
- Subjects
- Published
-
New York :
Workman Publishing Co
[2019]
- Language
- English
- Main Author
- Edition
- Second Edition
- Item Description
- Includes index.
Revised edition of the author's I will teach you to be rich, c2009. - Physical Description
- pages cm
- ISBN
- 9781523505746
- An Open Letter to New Readers
- Introduction: Would You Rather Be Sexy or Rich?
- Why do people gain weight after college? The similarities between money and food
- Counterintuitive but true: We need less personal-finance information
- Common excuses for not managing money
- You're not a victim-you're in control
- Stop debating minutiae and focus on the Big Wins
- The key messages of I Will Teach You to Be Rich
- "Rich" isn't just about money: What does it mean to you?
- Chapter 1. Optimize Your Credit Cards
- How to beat the credit card companies at their own game
- Why Indian people love negotiating
- Stop being intimidated by your credit cards
- Picking the best card for airline miles, cash back, and rewards
- The six commandments of credit cards
- How to negotiate with your credit card company to get fees waived and receive lower rates
- Secret perks your card offers
- Why you should always buy electronics, travel, and furniture on your credit card
- What not to do with your cards
- The burden of student loans
- When credit cards go bad
- Five steps to getting rid of debt
- Week One: Action Steps
- Chapter 2. Beat the Banks
- Open high-interest, low-hassle accounts and negotiate fees like an Indian
- How banks rake it in
- The bank accounts I use
- Why you really need a separate savings account
- Opening high-interest, no-fee accounts
- Why people stick with terrible bank accounts
- Five marketing tactics banks use to trick you
- Negotiate out of fees with your current bank (use my script)
- Week Two: Action Steps
- Chapter 3. Get Ready to Invest
- Open your 401(k) and Roth IRA-even with just $50
- Start investing, step by step
- Why your friends are scared of investing
- Investing is the single most effective way to get rich
- Where should your money go? Introducing the ladder of personal finance
- Mastering your 401(k)
- Crush your debt
- The beauty of Roth IRAs
- What about robo-advisors?
- The exact account I use
- Feed your investment account
- HSAs
- Beyond retirement accounts
- Week Three: Action Steps
- Chapter 4. Conscious Spending
- How to save hundreds per month (and still buy what you love)
- How to spend extravagantly on the things you love and cut costs mercilessly on the things you don't-without making an annoying budget
- The difference between cheap people and conscious spenders
- How my friend spends $21,000 per year going out-guilt-free
- Using psychology against yourself to save
- The four buckets: fixed costs, savings, investments, and guilt-free spending money
- The envelope system for not overspending
- What if you don't make enough money to save?
- How to make more money
- Handling unexpected expenses
- Week Four: Action Steps
- Chapter 5. Save While Sleeping
- Making your accounts work together-automatically
- The power of defaults
- How to spend only 90 minutes a month managing your money
- Ways to use psychology to help you save money
- Create your automatic money flow
- Using your automated finances to fuel your rich life
- Week Five: Action Steps
- Chapter 6. The Myth of Financial Expertise
- Why professional wine tasters and stock pickers are clueless-and how you can beat them
- Who should you trust?
- Experts can't guess where the market is going
- How experts hide poor performance
- You don't need a financial adviser
- Behind the scenes: When two wealth managers tried to recruit me
- Active vs. passive management
- Chapter 7. Investing Isn't Only for Rich People
- Spend the afternoon picking a simple portfolio that will make you rich
- The beauty of automatic investing
- Asset allocation: more important than the "best stock of the year!"
- Retiring in your 30s or 40s: The FIRE movement
- Convenience or control? You choose
- The many flavors of stocks and bonds
- Creating your own portfolio: How to handpick your investments
- Investing the easy way: target-date funds
- Feeding your 401(k) and IRA
- The Swensen model of asset allocation
- Insane crypto "investments"
- Week Six: Action Steps
- Chapter 8. How to Maintain and Grow Your System
- You've done the hard work: Here's how to maintain (and optimize) your financial infrastructure
- Feed your system-the more you put in, the more you'll get out
- Ignore the noise
- The tricky part of managing your own portfolio: rebalancing your investments
- Nutty beliefs about taxes
- When to sell
- For high achievers: a ten-year plan
- Giving back-an important part of being rich
- Chapter 9. A Rich Life
- The finances of relationships, weddings, buying a car, and your first house
- Student loans-Pay them down or invest?
- How to help parents who are in debt
- The big conversation: talking about money with your significant other
- Should you sign a prenup?
- Why we're all hypocrites about our weddings (and how to pay for yours)
- Negotiating your salary, I Will Teach You to Be Rich style
- The smart person's guide to buying a car
- The biggest big-ticket item of all: a house
- The benefits of renting
- Is real estate really a good investment?
- Planning for future purchases
- Your Rich Life: Going beyond the day to day
- Acknowledgments
- Index
