©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.
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 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.
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.
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
"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.
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.
"Good basic money management"
Easy to listen to with lots of basic practical advice to getting on the right financial track.
"Must read personal finance"
Was reluctant to read this at first because I thought it would be another boring personal finance book but I loved it! Will be recommending it to all my friends and family. Very realistic, practical and effective advice. Everyone should read this.
"A must listen if you want to be rich"
This book has been on my list for a while. Finally got round to listening (audiobook) to it.
The book is a very simple, easy listening & funny way of helping you build a system to help manage your money. As a Brit, I had to swap some references to types of accounts but that wasn't difficult and nor did it stop me to think how I could do it.
I also discovered a fund in this book which I'm bow invested in as it was the missing piece of my investment puzzle. One that I can invest into and forget about it until I'm old.
If you want to be rich & need someone who speaks plain English to help you - then this book and Ramit is your man.
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