I Will Teach You to Be Rich
A practical approach to personal finance that focuses on big wins, automation, and spending extravagantly on the things you love while cutting costs mercilessly on the things you don't.
The One Key Takeaway
"Spend extravagantly on the things you love, and cut costs mercilessly on the things you don't."
Most people try to cut back on everything—latte, new jeans, appetizers. This is a recipe for failure. Instead, focus on what you truly love (your "Rich Life") and spend unapologetically there, while ruthlessly eliminating spending on things that don't matter to you.
Core Lessons
Automate Your Money
Set up a system where your money goes exactly where it needs to go automatically. This removes willpower from the equation and ensures you're saving and investing every month.
The 85% Solution
Getting started is more important than being perfect. It's better to get 85% of the way there and move on with your life than to do nothing because you're paralyzed by trying to get it 100% right.
Focus on Big Wins
Don't worry about cutting lattes. Focus on the big wins: negotiating your salary, automating your finances, and getting the right investment accounts. These are worth thousands of dollars.
Notable Quotes
"There is a limit to how much you can cut, but there is no limit to how much you can earn."
"The single most important factor to getting rich is getting started, not being the smartest person in the room."
Finish this Lesson
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