Sethi’s advice boils down to creating a financial plan that allows for as little work as possible in the long run. By putting in a little elbow grease at the outset, Sethi explains how to set yourself up to win through several fundamental changes to how money flows through your life. By automating your money, you can make sure all your bills are paid, your savings are accounted for, and that you are respecting your longterm self. By placing your money in the best accounts, it can grow instead of depreciating. By understanding credit cards, you can save large chunks of money in the long run. Most importantly, Sethi points to basic and smart investing as the key to longterm wealth. Paying attention, understanding goals, and practicing patience make these changes possible.
About the Author
Rami Sethi is a personal finance advisor and entrepreneur. He owns and writes for IWillTeachYouToBeRich.com, co-founder of PBWorks, and founder of GrowthLab.com. He teaches online courses on topics like how to make the most of your money, how to find your dream job, and how to find success in your line of work. He holds a Bachelors's and Master's degree from Stanford University.