I WILL

TEACH
YOU TO BE
RICH
-RAMIT SETHI
Ramit Singh Sethi is an American personal finance advisor
and entrepreneur. Sethi is the author of the 2009 New York
Times Best Seller,
“I Will Teach You to Be Rich” and founder of GrowthLab.com
 FIRST EDITION TALK
- I want to share 3 major learnings with you:-
◦ You’re the only one responsible for your financial problems.
◦ Know how much money you have coming in and then automatically direct it where you want it to end
up.
◦ Start investing today, even if it’s just $1.

The second Edition talk is totally opposite stating the importance of Spending on things you
love and cutting costs on those you don’t. The most important concept he mentioned was
“Humans and their Psychology about Money.”
 What Is a Rich Life?
◦ A Rich Life means you can spend on the things you love as long as you cut costs mercilessly on the
things you don’t.
◦ “Focus on the Big Wins—the five to ten things that get you disproportionate results, including
automating your savings and investing, finding a job you love, and negotiating your salary. Get these
Big Wins right and you have already started working towards your goal of living a Rich Life.

◦ 5 Dimensions Of A Rich Life

◦ Monetary Gain and Financial Freedom.
◦ Extraordinary Experiences
◦ Personal Achievement.
◦ Ways of Giving Back.
◦ Strong Relationships.
 Why Do You Want to Be Rich?

◦ “It's to live your life and let your money serve you.”

◦ Freedom.
◦ A million dollars.
◦ Pay off your Debts.
These are some common answers.
Being rich should be something where you can spend on specific things which make you happy and on
those things which you love and by cutting costs on “Ridiculous” things which you don’t need.
Eg.:- For me travelling in a Business Class is not ridiculous but for many it may be ridiculous because
the flight takes you to the same location. But travelling in a Business Class gives me comfort and
convenience which I love so I spend on that and it makes me happy.
 Living a Rich Life

◦ Spending money on a Cleaning Lady who takes care of your child.

◦ Buy Books at any cost.
◦ Honeymoon for 6 months.
◦ Online Shopping for 1 month.
◦ Visit a 5-Star Hotel Twice a week and party hard.
◦ Travel in Business Class.
◦ Go ahead and buy coffee from a barista.
◦ Buy Luxury Cars.
 Learnings
◦ Define Your Money Dial (Something Which You Love Spending Money on).
◦ Tackle your Money Psychology.
◦ Think Multi-Dimensional.
◦ Pick up your Paddle and row in the direction you want to go in life.
◦ Start thinking from “CAN WE AFFORD IT” to “HOW CAN WE AFFORD IT?”
◦ Stop thinking about Money as just a number on the Spreadsheet and start Understanding its meaning and
value of things on which you are spending on.
◦ Rich Life matters so take it seriously- Spend on what you love and make it bigger.

◦ Start from the place of Possibility and Ask yourself a WHAT IF? Question.
Start Thinking On These Questions?
◦ Think What is something you spent on the Last 2 weeks that made you
Smile?
◦ What if you could Triple the Spending? If Yes, What would your life look like?
Would you do 3X Spending on Online Shopping or would you travel 3X times
in Business Class?
◦ How could we afford to Travel the World for a year for Honeymoon?
◦ What If we did that?
“EVERYONE
TEACHES US TO
HOW TO SAVE BUT
NO ONE TEACHES
US TO HOW TO
SPEND”.

SO START
SPENDING!