Thursday, December 21, 2006

"I Will Teach You To Be Rich"

I Will Teach You To Be Rich is an excellent personal finance blog I've been following off and on for some time now. The author, Ramit Sethi, offers some great balanced advice on investing, saving, and managing your money in a realistic way that should help you to grow your resources. What I particularly like about Ramit's site is that he encourages a long-term perspective rather than advice for get-rich quick schemes. Here is how he describes it in his own words:

I'm a recent Stanford grad and this is a blog on personal finance and personal entrepreneurship for college students, recent college grads, and everyone else. (Featured in the Wall Street Journal, Boston Globe, Guardian UK, etc.)

This blog is me ranting about a few things and trying to get the points across. Getting started is more important than being the smartest person in the room. Making mistakes is ok. Action is more important than reading 50 blogs. Ordinary actions get ordinary results. And there's a difference between being sexy and being Rich.

Some popular articles you may want to check out from the last 2 years of archives:

Introductory Articles
Why do you want to be rich?
The Best Decision vs. The Financially Smart One
Cheap versus frugal
A big fear I have of this site
2006 Makeover, Step #4: Open your retirement accounts

Investing
An analysis of 1000+ IWillTeachYouToBeRich survey responses-- and some new decisions (Best feedback ever)
Dumb: "Don't invest; you can't beat the pros"
All about stocks and bonds
All about mutual funds
Read Warren Buffet's letters

Personal Entrepreneurship
Barriers are your enemy
I Hate Indian Network Marketers So Much
We love to debate minutiae
Your College is Not a Technical School
On greed and speed
The Myth of the Great Idea

Miscellaneous
What are we doing on this site?
I bought a tie (I love this post because of how angry the comments are)
Cost vs. value: Why I bought a new car (Sorry guys, but I stand by what I wrote)
Probably one of the best comments this site has ever gotten
Boy am I stupid

Saving
Here's how I set up my financial accounts
Letting your parents manage your money is dumb
The Power of Compounding
Time is NOT money--at least, not yours
Cook at home, you lazy bastard

You can also check out my table of contents, RSS feed, and newsletter. Thanks for reading.

Check it out! You just might learn a thing or two about how to manage your money and how to make it grow.

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