The author is not pictured.
Enes Evren/Getty Images
“I Will Teach You to Be Rich” helped me get out of debt, fix my credit, and save money.
I learned to stop making excuses, to automate my finances, and to prioritize debt first.
I also learned the impact of fees over time, and that being a boring investor is a good thing.
Just over a year ago, I was in a tremendous amount of debt, and my credit score was in the low 400s. I couldn’t get approved for any type of loan, and when retail stores would ask me if I wanted to apply for their store credit card, my running joke was, “If you ran my credit, it’d break your machine.”
Finally, after an entire life of being financially irresponsible, I decided I wanted to turn it around. I read dozens of books, but “I Will Teach You to be Rich” by Ramit Sethi, is the one that changed my life.
Prior to reading this book, I figured all hope was lost for my financial future. I figured I’d just be one of those people who never had good credit, a savings account, a retirement account, or any type of investments. Not only did I not have any money in savings, but I had five or six bills in collections and owed about $8,000 in taxes.
Thankfully, Ramit’s book gave me the kick in the butt and motivation I needed to get out of this situation. The book provided me with an incredible amount of value, but these are the five lessons that stuck with me the most and got me on the right track.
1. Take responsibility
For my entire life, I was filled with excuses for why my financial situation was …read more
Source:: Business Insider