I Will Teach You to be Rich: Ramit Sethi

Quotes

“Spend extravagantly on the things you love, and cut costs mercilessly on the things you don’t.”

"... Americans today, compared to the 1950s, seem less happy, even though we eat out twice as much and own two times as many cars. We have so many more toys, like big-screen TVs, smartphones, and microwaves. But that isn’t leading to a more satisfying life.”

“This book isn’t about telling you to stop buying lattes. Instead, it’s about being able to actually spend more on the things you love by not spending money on all the knucklehead things you don’t care about... The truth is, you have to prioritize. "

Paradigm shift

While I appreciate the message and utility behind finance books like Total Money Makeover, or The Simple Path to Wealth, I Will Teach You to be Rich strikes a chord with me about living a fulfilled life with our resources. I agree with the core concept of spending on the things that bring you a more fulfilling life, and cut costs where you don't find value. Where other authors (*cough* Ramsey *cough*) effectively say "don't spend your money and don't have any debt!" (decent advice), the added element of using our resources in meaningful ways while still being financially literate and adept fills in the gaps in an important way. Resources are meant to be responsibly used, not just squirreled way.