Review: I Will Teach You To Be Rich

I Will Teach You To Be Rich is a personal finance book written by Ramit Sethi, who writes a blog of the same name. More than a compilation of blog entries, the book is a six-week plan for setting up personal finance.

The target audience for this book are young adults from 20 to 35, and goes through explaining how to manage personal finances, as well as the steps to be taken to reduce credit debt and get the most out of money. While this book is freshly published, the one big criticism I have for the book is the use of a 8% rate of interest for the gains an average person can make -- in the state of the current economy, I tend to believe a more conservative number on the order of 4-5% is a little more realistic.

It's great for handing out financial advice, and the advice that Ramit Sethi gives out is sound, and time tested; it's easy to read, and with a little bit of discipline easy to follow his instructions. While I find the book cover and title to be colorfully embarrassing (just a little too neon for my tastes), it's a book that I would wholeheartedly loan to anyone interested in improving their financial status.

This book is not a get-rich-quick book -- it's about setting financial goals and saving slowly; fairly boring stuff, but also fairly simple advice to follow.

I Will Teach You To Be Rich by Ramit Sethi.