Book quiz
I Will Teach You to Be Rich Quiz
I Will Teach You to Be RichRamit SethiYou can buy that coffee to go without feeling guilty. Ramit Sethi offers a six-week program built on a few big decisions, automatic transfers and spending lavishly on what you truly love. An American book about money with principles you can take to any country.
Question 1 of 5
You feel guilty about almost every purchase, and there's still no money. Where would Sethi start?
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Right answer: Name what you truly want to spend on
Without a picture of your Rich Life, any purchase looks suspicious. A concrete list of what you want to spend on turns guilt into a plan.
Question 2 of 5
You don't care much about housing, but you love hiking. What would Sethi advise?
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Right answer: Cut back on housing and spend freely on hiking
The book's main formula: spend generously on what you love and cut ruthlessly on what you don't care about. It's not stinginess but choosing where to cut.
Question 3 of 5
Why doesn't Sethi wage war on lattes?
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Right answer: Big decisions make the real difference, not small stuff
Giving up coffee saves little. Big Wins, such as automatic investing, the job and the salary, bring outsized results.
Question 4 of 5
You've been studying funds for six months and still can't bring yourself to start. What would Sethi say?
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Right answer: Start now with a nearly right decision
The 85 percent solution: nearly right now beats perfect never. Delay has a price too; you just can't see it.
Question 5 of 5
Why does Sethi suggest automating money transfers?
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Right answer: So saving happens on its own, with no inner fight
People rarely change what happens on its own. The decision to save is made once during setup, and after that it runs every month.
Want all of the book's key ideas? Read or listen to its retelling in Livria.