I WILL TEACH YOU TO BE RICH
Below is the entirety of my notes from reading I Will Teach You To Be Rich by Ramit Sethi.
I took notes, so you don't have to.
I read the book, so you can get to action.
As much for myself, as it is for you.
From paper to tech - all for you.
Table of Contents
- Table of Contents
- Quotes Throughout the Book to Keep Top of Mind:
- Notes:
- Materials:
- Millionaire Mindset:
- I Will Teach You To Be Rich - Applied Notes from Book:
- Hanson Grant Applied Protocols and Processes:
Quotes Throughout the Book to Keep Top of Mind:
COMING SOON!
Notes:
COMING SOON!
Materials:
Millionaire Mindset:
Be out of consumer debt
Pay yourself first
Have your emergency fund set up
Have your long and short term goals established
Have opportunity cash available
Participate in tax efficient vehicles
Employer matching your 401k
Fund your Roth IRA
Have a diversified portfolio that matches your risk tolerance and your capacity
Always maintain your buy/sell discipline
And most importantly, stay consistent
If you have a system around all of this, any windfalls of cash go write into your system
I Will Teach You To Be Rich - Applied Notes from Book:
Hanson Grant Applied Protocols and Processes:
Hanson Grant Budget Walkthrough
Hanson’s Personal Finance Super Spreadsheets
Key Info:
SAVINGS:
The average house is about 500k. Think 20% down. and it's probably safest to keep it in a 2% savings account.
The average wedding is around 30k. You'll also want to keep that in a 2% savings account
Your child's college tuition you can save pretax. But you can't open the 529 fund until you have your child's SSN. Estimate 18 years (216 months) at 8%
Use the calculator above to help you figure out what you should be saving per month to hit these goals :)
- also. your salary will hopefully grow over the years. If you can't save for your wedding, down payment, a new car, and your future child's college all right now... know that you can always increase your savings per month when that new raise comes, instead of wasting it on something you dont actually care about
CREDIT CARDS:
For your first credit card ever, get the discover it card to build credit
For your second credit card, get the citi double cash card. It's 2% back on everything
If you want to play the credit card game and get airline points, I recommend the Chase Sapphire and Venture One
There is a strategy here that I like to do. In exchange for my strategy and this awesome budget, please sign up with these referral links :)
CHECKING ACCOUNTS:
Favorite account is Charles Schwab. No ATM fees in the US or abroad. No monthly fees. No foreign transaction fee. $100 sign up bonus if you sign up with my link. I don't make any money off this referral
SAVINGS ACCOUNTS:
Favorite account is Ally. You can open as many savings accounts as you want, and then link them to your Charles Schwab account so you can see everything in one view. it's beautiful. Oh, and you earn 2%. Which is insane for a savings account.
If you are seeking out book recommendations, I got you covered. Follow me on Goodreads to see all of my past reads, current reads, and books I'm interested in reading next:
© Anthony Dap III | 2025-2030