Rating: 8/10

Look, I get it – unless you’re like me and have some kind of weird obsession with optimising your finances, you’d probably be hard pressed to think of a topic more boring than personal finance, and I don’t blame you. It’s dry and tedious and no one really cares very much to spend time dealing with it.

This is precisely is why it’s all the more important that you set up everything to be completely automatic, so you can devote as little time as possible to it. What most people lack when it comes to personal finance is having a system that works. Ramit Sethi’s I Will Teach You To Be Rich (Let’s call it IWT because I can’t be bothered typing that out over and over) is all about that: Creating a system that works on autopilot and allows you the freedom to worry about more important stuff, like selecting a new Netflix show to watch now that you’re done binging on House of Cards and watched Friends for the ten thousandth time.

If I had to recommend one personal finance book to anyone, it would be IWT. Hands-down, the best, no-nonsense, practical book on getting your finances in order. The best part? It doesn’t bore you to death.

It’s not about simply cutting back and living in the most bare-bones way possible.

It’s about conscious spending and living a sustainable lifestyle that’s suited to what you love doing the most, and my favourite part: Setting your finances on autopilot.

I’ve actually managed to negotiate my way out of bank fees because of this book. I followed the exact script that Ramit provides in the book, and voila! The representative on the other end of the call went:

“Sure, not a problem. I’ll just remove those fees and refund your account. Was there anything else I can help you with?”

And I (grinning widely) thanked him, hung up and thought, man, this book works. Honestly, people need to know this stuff. It’s simple, actionable and in just a couple of days, you can have your financial situation turned on its head.

  • Takes you through getting out of debt
  • Making your finances work on autopilot
  • Make saving money a breeze
  • Navigate the gatekeepers and get the most out of your bank
  • Negotiate your way to the best deals
  • Cut down on unnecessary interest payments
  • Earning more as opposed to cutting back
  • Succinct approach to investing and getting a better return than most managed funds
  • Big decisions (why houses are a terrible investment, the true cost of marriage – in a way you’ve never thought of before)

If you’re expecting a dry, text-book style regurgitation, you couldn’t be more wrong. Sethi’s style is entertaining, light, brutally honest, and yet very informative. Something I really liked was that his advice was actionable and he provided tons of links to all sorts of useful tools and resources.

If you haven’t read this book, you will not regret getting through it. The lessons are extremely valuable and will serve you very well. It’s a small investment that will provide you with returns well and above its cost.

Full disclosure, the link above is an Amazon affiliate link, and whatever I make goes to supporting this blog, so if you do make a purchase, thank you very much! If you can’t see the image above, it might be because of an ad-blocker that you might be running.

 

Picture Credit: https://www.iwillteachyoutoberich.com/

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