I will teach you to be rich

Books Comments

This book is targeted towards people who are starting their careers in the United States. This book has a good breadth on financial topics but doesn’t go into depth on any of the topics. Some of the topics covered include - credit score, banking (checking and savings), 401(K), Roth IRA, how to manage your expenses, investments, buying a car, home etc. If any of the above topics sound new/interesting to you, chances are you’ll learn something from this book to get started and save a few bucks.

I will teach you to be rich

This blog post is my key learnings from the book I will teach you to be rich by Ramit Sethi.

##Key Learnings

In each of the learnings, I’ve added a section called Action Item - something to take it forward besides reading the book/blog.

###Credit Score

Credit Score is based on the following 5 factors

Action Items

###Bank Accounts

The big banks like Bank of America and Wells Fargo have a very low interest on the savings account (for example, Bank of America has a 0.01% APY) and 0% interest on the checkings account.

Action Items

###Managing your expenses

Spending Template

As they say, ‘If you cannot measure it, you can’t manage it.’ This is one of the templates mentioned in the book. The most important thing that I like about the above template is that it allocates 20% to 35% towards guilt-free spending on things you love (read skis, shoes, sports lessons etc.) :) Feel free to modify the template to suit your needs.

Action Items


Swensen's Asset Allocation

The Swensen model of Asset Allocation-

Action Items

As you can tell, none of this is cool or sexy but helpes you save a lot of money in the long term. The title is cheesy but I promise the content is much better :)

Kaushik Rangadurai

Code. Learn. Explore

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