*This giveaway is now closed*
I recently had the pleasure of reading I Will Teach You To Be Rich, the book, by Ramit Sethi and I have to say first thing that this is the best personal finance book I have ever ready.
About the author
Ramit is a Stanford graduate in his late twenties. He graduated with a degree in psychology and technology, which explains how and why he writes the way he does. He started Iwillteachyoutoberich.com in 2004 and has been writing and building a community there ever since. He published I Will Teach You To Be Rich in 2009 where it became an instant New York Times best seller.
My opinion of Ramit is that not only is the guy a great and entertaining writer, on his blog and in his book, he knows his audience and how to connect with them. Teaching people to be rich is a pretty big claim, but he knows his stuff and by teaching people to focus their energy into the bigger ways to save and make more money in their lives, he really can teach you the skills you need to become rich.
About the book
The book is written for the young college grads, those between the ages of twenty and thirty-five or those that are way behind and haven’t done things they should have done at this age. He writes with his usual bold style, no holds barred, and gives the most actionable advice I have ever read. The book is written so well, that you can follow each chapter one by one, do exactly what he says in each chapter and pave the way to wealth.
Ramit also focuses the whole book on modern day approaches to finance. This is so different compared to other books written even five years ago because the finance industry has changed so much since then. No longer are big brick and mortar banks or even credit unions your best option. The internet has brought so many options for saving and making money to your fingertips, and Ramit highlights these as well as guides you through making the best choices.
I have been reading Ramit’s blog for a couple years now off and on, and I knew a little about the book, so I had an idea of what I would be getting into when reading it. Ramit is not one to sugar coat anything if it means diluting the truth, so I expected blunt, straight forward tips in the book, but I didn’t expect the tips to be so honed yet varied in topic. I didn’t think anyone could pack so much punch into nine chapters but Ramit proved me wrong.
The book follows a six week plan to getting your finances in order with action steps, and estimated time frames to complete the steps at the end of each chapter. The book contains actual scripts you can use to get your credit card interest rate lowered, bank fees waived or even to negotiate a pay raise at work.
Throughout the book, Ramit stresses the 85% approach to finances, saying that a partial plan that gets you into your finances and making decisions now is better than waiting and doing nothing until that perfect solution comes along. The worst thing you can do when dealing with your finances is do nothing.
Ramit definitely has a personal approach to his own wealth. He encourages you to not worry about the little things like lattes, and focus on the big wins in your life. I completely agree with this as I feel you should focus on the best value for your money and if lattes bring you joy, then make a way to afford them.
While rich will mean different things to everyone that reads the book, it will certainly help you get a better handle on your finances and put you on track to have the financial freedom everyone dreams about.
Personally, I get so frustrated when I see people my age or even younger making horrible money decisions. I’m young but I know that if I had started doing this just three years earlier, my life would be very different right now. Ramit does an excellent job of connecting with his audience, as he is still in his twenties, and talks like a college guy. I think if I could just get my twenty-somethings friends to read this book, they would be in such a better position to manage their college career, finances and early life.
I highly recommend this book, as I said before, it is the best and most complete personal finance book I have ever read. I plan to recommend this book, or even give a copy, to anyone I meet who needs money advice, it’s that good.
To start that cycle, I am giving a copy away right here!
I have one copy of this book to give away. Here are a couple ways to enter:
- Leave a comment telling me one financial thing you wish you did earlier in your life. (1 entry)
- Subscribe to my free RSS or email feed to get regular updates I publish. (1 entry)
- Follow me and Tweet the giveaway to your followers. (1 entry)
Just entered to win NYT Bestseller I Will Teach You To Be Rich from @pffirewall.Check out the review and giveaway http://bit.ly/9p6zWD
You can enter the giveaway via any of the methods above but make sure you leave a comment telling me how you entered.
The giveaway will close Midnight, Thursday August 19th 2010 and I will announce and contact the winner Friday the 20th. br>
Tags: audience, banks, blog, bold style, brick and mortar, choices, college grads, credit unions, degree in psychology, finance industry, fingertips, money, new york times, new york times best seller, personal finance book, pleasure, sethi, stanford graduate