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Penny · Money & Wealth Mindset

I Will Teach You to Be Rich

by Ramit Sethi

Three key ideas

  1. Define what a rich life means to you, not somebody else’s status goals.
  2. Make your vision concrete enough to guide choices.
  3. Conscious spending separates necessary costs, goals, and enjoyable spending.

The five 2-minute lessons

  1. 1.Define your own rich life
  2. 2.Spend on purpose, not by equal cuts
  3. 3.Automate it, then check it
  4. 4.Chase the wins that matter
  5. 5.Borrow the purpose, check the rules

From the comic

My borrowed dream has a suspicious number of life jackets.

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