I Will Teach You To Be Rich – Ramit Sethi
DISCLAIMER - I am not a Financial Advisor and do not work for any Brokerage Firm. The opinions given are my own and are not to be used as professional advice. These are my findings and can help you to make informed decisions on investing. Consult a Broker or Lawyer before making any investment.
I Will Teach You to Be Rich by Ramit Sethi is a wonderful financial guideline book. Perhaps of all the 83 books I have read on finances this year, this is probably the best. The reason I say this is that it is not complicated. It gets down to simple advice about what it takes to handle 85% of your finances in just six weeks. If you never do the last 15% and you follow his guidelines in these first 6 weeks, I believe your odds will be great that you will retire with a huge balance in your retirement account if you are starting in your 20s or 30s.
All of what I said above is true. But after reading Zig Ziglar's book "Master Successful Personal Habits", I have decided I must withdraw my recommendation on this book. While the advice is good on investments, some of the language used contradicts some of my Core Values. In "Winners Never Cheat", Jon Huntsman says none of us should ever do things that conflict with our core values. As a Christian, I know that I should not have ever recommended this book due to some of the language.
In Zig Ziglar's book which I will review later, he encourages us to speak positive words to ourselves. He says we should start each day stating the following.
I am a compassionate, respectful, encourager who is a considerate, generous, gentle, patient, caring, sensitive, personable, attentive, fun-loving person. I am a supporting, giving and forgiving, clean, kind, unselfish, affectionate, loving, family-oriented human being, and I am a sincere and open-minded, good listener, and good-finder who is trustworthy. These are the qualities which enable me to build good relationships with my associates, neighbors, mate, and family.
I'm a person of integrity with the faith and wisdom to know what I should do and the courage and convictions to follow through.
I have a vision to manage myself and to lead others. I'm authoritative, confident, and humbly grateful for the opportunity life offers me. I am fair, flexible, resourceful, creative, knowledgeable, decisive, and an extra-miler with a service attitude who communicates well with others. I am a consistent, pragmatic teacher with character and finely-tuned sense of humor.
I am an honorable person and am balanced in my personal, family, and business life, and have a passion for being, doing and learning more today so I can be and do more tomorrow.
These are the qualities of the winner I was born to be. Tonight I'm going to sleep wonderfully well. I will dream powerful and positive dreams. Tomorrow I will awaken refreshed, and it's going to be an absolutely magnificent day.
I started trying this out, and I did great on this until I got to that line about integrity. How can you be a man of integrity and do something that conflicts with your core values. You can not.
Joyce Brothers say you can not consistently perform in a manner which is inconsistent with the way you see yourself. If you do, your conscience will be pricked and you will say "That is not me."
Well my conscience was pricked, and I am withdrawing my recommendation on this book as of 1/21/2023. While great in content about managing money, it does not meet the requirements my core values demand. If I recommend a book, I want it to be one my grandchildren could read. Sorry for any confusion on this.
I will try very hard to never do a book review on any book that ever conflicts with my core values again.
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