I WILL TEACH YOU TO BE RICH 📚 (Book Summary)

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I WILL TEACH YOU TO BE RICH Book Summary (Ramit Sethi)
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I will teach you to be rich is personal finance book written by Ramith Sethi. In this video, I do a summary and review of this book and top lessons on how to get rich and how to achieve financial freedom in India by investing in stock market.

Top lessons from this personal finance book on achieving financial freedom in India:
You don’t need to be an expert in stock market, or in finance to get rich…
But you do need to get started early. This will help you take advantage of power of compounding in investing and stock market.
Spend extravagantly on the things you love and cut costs mercilessly on the things you don’t.
Use money to design your Rich Life.
There’s a limit to how much you can cut, but no limit to how much you can earn.

The key messages of I Will Teach You to Be Rich are:

Getting started in savings and investing is more important than becoming an expert (also known as “The 85 Percent Solution”);
Understanding that it’s okay to make mistakes;
Spending extravagantly on the things you love and cutting costs mercilessly on the things you don’t (also known as “conscious spending”);
Realizing there’s a difference between being sexy and being rich;
Not living in the spreadsheet;
Playing offense, not defense; and
Using money to design your Rich Life.
Sethi considers himself rich now because he can:

Make career decisions because he wants to, not because of money;
Help his parents with their retirement, so they don’t have to work if they don’t want to; and
Spend extravagantly on the things he loves and be relentlessly frugal about the things he doesn’t.

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 the Big Wins right and you can order as many lattes as you want.”

“Investing should be very boring—and profitable—over the long term.”
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InvestMindset
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Darshan_Loni
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Bro, AC near ATM machine is only for ATM CPU to function it properly in summer, not for people

ankursharma
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"Agar aap ek chota amount invest krte ho aur apni salary ko consciously kharch krte ho, to aap aaj se hi ameer ho "
. Best line bro.

jackbravura
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The channel name is so accurate. INVESTMENT MINDSET.
I'm very blessed to have you sir..🙏🏻

deepaksaheta
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"If you want to shine like a sun...
Then first you have to burn like a sun"❤️

rahulkumarjha
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Bro because of your mindset channel I have changed my mind and started investing thank you so much for valuable lessons and I’m eagerly waiting for your dividends reinvesting videos have a great day!😄❤️❤️❤️

suneetmore
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Ac working in the ATM is not only for the customer, The Ac kees the machine temprature stable and prevents it from overheating of

ashwinchand
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You’re one/few of “the best” investment influencer..can’t think of missing on ur videos

kapilvedika
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Bhai maine aapki video 6 mahine pehle dekhna shuru kia and investing ki thodi bohot knowledge gain ki
I am proud that maine ye kaam 15 saal ki umar me kia and mere suggestion per mere papa ne apna demat open krake investing shuru kar di apni 40 s me
A huge thanks to you😊😊😊

kamalkantsharma
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शिक्षा वो शेरनी का दुध है जितना पियोगे
उतना दहाडोगे...!, 🔥🔥🔥

piyubhardwaj
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After watching your videos I have started investing in stocks, Thanks...
Earlier I used to just invest in deposits only, now 40% salary in stocks and 30% in deposits I am investing.. Just spending 30%salary for daily life..

roydju
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ATM Mai hamare liye ac nai hota wo atm Mai rakhi computer chip ( circuit ) ko cool down rakhne ke liye hota hai 🤓 your point is also right bro 🥰☺️

cutelover
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Superb Sir...
Apka Next VDO Ka Intejaar Rahega Aur Ek New Lesson Ke Saath... 🙏🙏🙏

bspanda
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Thank you sir.
you always teach genuine knowledge 🙏🙏🙏

beautifullife
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Bro plz make a video on dividend reinvesting...

riajhaque
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Your voice
Really give me confidence to invest

OmprakashYadav-ezyl
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time worth spent on investment motivation and learning

mukhpreetsingh
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amaansiddiqui
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Sir please make a video on all types of funds :- liquid, equity, index, mutual, ppf, npf, etc

richierich