I WILL TEACH YOU TO BE RICH (BY RAMIT SETHI)

Video Description

Support the channel by getting I Will Teach You To Be Rich by Ramit Sethi here: https://amzn.to/2mrvgxg As an Amazon Associate I earn from qualified purchases. Animated video summary of Ramit Sethi’s ultimate guide explaining how to take control over your personal finances: I Will Teach You To Be Rich. Becoming rich isn’t something that only happens to IVY league graduates, elite athletes or lottery winners. Anyone can become rich. What you need to do is to define what being rich means to you. You must start today. You must focus on a few areas of your personal finances where you can achieve Big Wins instead of clipping coupons and saving on $3 lattes. Then you must set up an automated money system and start to invest. Best of all, after the first setup, you will be spending no more than 90 minutes on your personal finances per month. The FIRE playlist (Financial Independence, Retire Early): http://bit.ly/38692nb Top 5 takeaways from Ramit Sethi’s I Will Teach You To Be Rich: 00:00 Intro 01:02 1. What Does Rich Mean to You? 02:58 2. Beware the Minutia 05:12 3. Swap Your Attention from Micro to Macro 07:57 4. Set Up Your Automatic Money System 11:02 5. The Pyramid of Investing Options TL;DW: - There are always trade-offs – you must decide what a rich life means to you and become a conscious spender - Follow the 85% solution, it’s better to get it 85% right than to do nothing at all - Focus your time and energy on the Big Wins. Getting rich is not about saving money on $3 lattes. - Set up your automated money system to protect you from your worst self - Investing in target date funds is a great way of achieving good investment returns with little to no effort My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.