©2009 Ramit Sethi; (P)2009 Recorded Books, LLC
This book was recommended to me twice by two different friends. I was skeptical of its value due to the cheesy title, but apparently you can't judge a book by the cover. I really liked this book.
This is not a detailed financial book, it is a very practical "this is the bare minimum you should be doing, and here's how you do it" book. Which for me, was a perfect starting point. I used a lot of Ramit's advice.
If you're young and just getting started with *really* managing your finances, this is your book.
I bought the audio book and half way through bought the paper back book so I'd have quick reference to the resources Ramit frequently cites.
Technically you could find all of this information for free elsewhere, but Sethi very clearly, very entertainingly and very practically gives tons of advice on how best to automate your money to go to the right investment accounts, what you should look out for and what you should avoid. In a similar vein to the "Four-Hour Workweek," Sethi trains you on developing habits for looking at investments and expenses that stick with you after you've accomplished his weekly action lists.
Although I enjoyed this audio recording, I might recommend getting a printed version because there's a lot of information you'll need to reference at later times.
If you live in the States it is a great book, but 90% of it does not apply if you live outside the US.
Instructional Designer is the area of Workforce Development.
If you are looking for the silver bullet; look elsewhere. But if you looking for solid good money management advice, then buy this book. His advice does work.
This is a no-nonsense book written by a normal person who knows what he's talking about. There are many opinions that might seem counter to the mainstream, but with a lot of truth. I have internalized many concepts from here and I'm already putting them in practice, and telling everyone some of the great concepts in here. I've read several books about personal finance, but this one is my favorite so far. Very accessible.
This book is mainly geared for 20 - 35 age range. Ramit has an exuberant personality and got me excited about doing finances the right way. The book is filled with excellent real world examples and methods for controlling finances. I was skeptical about using a credit on this book at first because of the corny title. I'm really glad I did. I'm actively using at least 75% of techniques described in this book.
When you are ready to seriously start thinking about finances.. listen to this book first.
I LOVE Ramit Sethi. His style is irreverent and occasionally obnoxious but hysterically funny and deeply influential. Ramit's emphasis on behavior and his back ground in psychology is what sets this book apart from the average personal finance book. I was convinced that this was one of the best books out there by the 4th chapter but the last chapter "A Rich Life" blew my mind. More than just money management strategies this chapter dealt with the real value of money, what it takes for you to feel rich, how to handle money issues in relationship, and negotiation strategies for anything from buying a car to getting a raise. I would recommend buying the text version as well if you like what you hear but you can get the bulk of the message with the audio version.
Yes the advise is very basic if you already have personal finance acumen, the book is aimed at the younger crowd and provides some good foundational advise and background on asset classes and the diffence between diversification and asset allocation. Ramit is a vibrant reader and keeps you interested right the way through.
i purchased the paper book 6 months ago and it completely changed my financial life, i also purchased this audio book about a week ago and it was great listening to Ramit read his own book i also listen to chapters frequently when i need inspiration or a refresh. his blog by the same name is also a daily read now too
Great work Ramit
The book has some excellent recommendations on automating personal finance and great insight into IRA, 401K and other investments. Also some important websites to look at if you are planning to dive into personal finance.
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