©2009 Ramit Sethi; (P)2009 Recorded Books, LLC
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.
I got this book on a whim (even though the title made it seem kind of dumb) and I'm glad I did. It's the first book I'd ever read on personal finance and Ramit's good advice and fun approach motivated me to make some serious financial changes. Now I'm tracking my finances, I started high-interest online checkings and savings accounts, I got a credit card, and I'm going to be opening a Roth IRA. I didn't agree completely with everything he said (I kind of balked at his advice about salary negotiation and I ended up picking a different bank for my savings account than the one he recommended), but his personal finance strategies are great and it was fun to listen to him.
+ Ramit Sethi explains his concepts with an appealing, if oddball kind of humor. Which is perfect for 20 to 30-somethings interested in learning how to save money.
- A large portion of the book is focused on concepts that do not apply on Europeans. ( such as credit score )
He explains that you should always be looking for angles and be willing to negotiate and gives you examples on how to achieve this.
The way he explains the concepts by introducing stories or anecdotes is best heard, not read.
If you are American, I can see how it is interesting to listen to this audiobook. For Europeans however, I would skip it, since there are a lot of concepts that simply do not apply.
The book won't teach you how to be reach ( Ramit Sethi is mostly teaching himself to be rich by writing these kind of clever titled books / blogs ) but it is a good introduction for those who are interested in handling their money in a more responsible, structured way.
I'm a bit outside of target age, but did begin investing within that range. Author enlightened me in several areas that will still benefit me going forward. Great info. I would highly recommend to the targeted age, but there is much for others. I feel I'm a bit more security conscience than the author portrayed, and would weigh some advice more so from that perspective, but that does not take away from the central thought of this book. Well done!
Yes, the book makes sense of a very intimidating topic.
I was afraid of listening to a multi-hour narration by a non-U.S. author (apologies in advance). Ramit makes fun of his own ethnicity a couple of times which is refreshing, however there is no need. His command of English is impeccable. He is passionate about the topic of finance, self directed investing, saving money, and having money for retirement. The job he did in narrating his own book could not have been duplicated by a "hired gun." Nice job.
I have been trying to save and invest for many years. Remit accomplished a miracle in his book (with me) in that he got me started. I picked from among his recommended vehicles and got started the next day. He made it so understandable and easy that the fear was gone. I actually got started and it is simple once you understand.
I had gone through several professional advisors including two "fee only" and one major chain broker. I also have my own trading account and some friends who know what they are doing. None of that really helped. Ramit's book helped. I was so sick of educated pros talking in circles and trying to get me to do what was best for them that I was paralyzed into inaction. Now, although I am not an expert, I have gotten started and I feel that I understand what I am doing to the point that I am as safe as anyone else who is earning interest on their money. The book is also perfect for those who have little but want to change that. Don't be intimidated or hesitate. This book is worth ten times the money and might just get you on the path as it did me. I highly recommend it.
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.
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.
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
If you live in the States it is a great book, but 90% of it does not apply if you live outside the US.
the content is good, in fact, I'll give it as a present to friends that just graduated from college. Now, if you are in your 30s, 40s, etc... and you have already read other marvelous books like "The Millionaire Next Door" or you already have a decent personal finance background, I think this book adds little value. thx.
"Great 'How-To' guide that anyone will benefit from"
As a 21-year old British student, I found Ramit's step-by-step guide action inducing - by following the tasks set in each chapter and thoroughly informative. This will provide a solid financial foundation for anyone struggling with credit card debt but also for those planning for the long term. For me however, the most valuable lesson, is Ramit's financial philosophy of saving/investing but maintaining a pleasurable lifestyle where you learn how to enjoy your money. I'm grateful to catch on to this book early, to lay the foundations for financial stability and success in the future and avoid many common mistakes made by many. I have and will continue to recommend this book to friends/family.
"Brilliant - starting from the beginning right now"
This was a well structured, well thought-out and very simple guide to sorting out personal finances. It is a common sense approach that isn't all that common!
I am British so for British listeners: a "401k" is effectively a pension or SIPP, and a "Roth IRA" is an ISA. Just remember this as they are both mentioned frequently throughout. - if you don't know what they are then google them first.
"smart money management for wealthy retirement"
I disagree that the book teaches you to be rich. Instead it teaches you about smart personal finance. You'll have a nice retirement, maybe even an early one, but there's no techniques that will make you rich. At least not in the next 20 years. However, you'll learn how to save, invest and live pretty much debt free.
"Uncomplicating the complicated world of money"
This is the beginners guide to becoming a grown up with your money. Wish I'd have discovered it 5 years ago. Funny, well paced and a much needed kick up the arse.
Just what I was looking for learning about money, didn't know anything about it just that you can spend it, if you are like me this will be very useful.
"really good for beginners"
loved it, really useful advice for people beginning their personal finance journey, aimed at 20 year old as a preferred audience. a little patronising at times but definitely worth a listen.
"Clever, informative and funny but..."
An informative look at your finances. Very well narrated by the author whose passion for your financial organisation is clear. There are many funny moments in the book, which you wouldn't expect unless you knew a little something about the author. I enjoyed it and look forward to sorting out my finances with this insight on board.
The only downsides are a clear nod to the younger demographic throughout and the obvious problem of financial matters differing in country to country. There is still plenty to be going ahead with all the same.
Mastery of intro to your finances.
Although this based on the realities of the US you could still get an idea of the basic concepts which will enable you to start to research. Before I thought I knew but I had no idea.
It's hard for me to review this because the first part of the book was all about getting credit cards.
From his website: "Anyway, in the first chapter on credit cards, I shared the details of my favorite credit card at the time"
Maybe I should have been a bit more open minded and stuck it out. But I just can't agree that credit card debt is the route to riches. I couldn't continue after that.
"Some excellent pointers"
The book provides some sobering advice on how the <30 generation can begin to approach money management. Could be a touch depressing if you're above that age range, however - although the author is very upfront about his target audience. Overall highly recommended to anyone who's about take their first steps into their career or (like me) has bumbled along financially for a few years in their 20s, knowing they should be doing -something-, but not knowing where to (sensibly) start. And don't worry, the author will provide you the swift kick you know you'll need to keep at it.
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