I swear I reviewed this book when it first came out.
I even went back to my old personal blog WHICH SHALL REMAIN NAMELESS to check, but when I tried to access the blog I got rerouted to something called “widgetserver.com,” which just makes me glad that at least some part of the internet degrades over time.
Because I don’t recall my original review as being particularly positive.
Part of it was because, at the time, I felt like I wasn’t earning enough money to implement many of Ramit’s instructions. I was trying to learn as much as I could about money, and here was this book telling me to make a budget (DONE), find a savings account that offers the highest possible interest rate (DONE), start saving more money (WAIT HOLD ON), and begin investing that money for the future (NOPE, IT’S A GOOD MONTH WHEN I HAVE $150 LEFT OVER AND ALL THOSE TARGET DATE FUNDS YOU MENTIONED REQUIRE A $3K BUY-IN).
I was also a little put out that Ramit was selling coaching packages on his website that cost—if I recall correctly—one thousand dollars, and I really feel like I wrote something along the lines of “I wish I had an extra $1,000, also, looks like your method of getting rich involves teaching other people how to get rich,” but thankfully my old blog is overrun by spam or whatever and I cannot quote my younger, more cynical self.
Because now that I’ve reviewed the tenth anniversary edition of I Will Teach You To Be Rich, I can tell you that I’ve done pretty much everything Ramit suggests.
The new edition of IWTYTBR is also less cynical and caustic than its predecessor. I didn’t compare both texts side by side, but I did read the intro and the first section of the original book (because that can be found online, easily) and the tenth anniversary rewrite is—like this review—written by someone with ten more years of life experience.
Coincidentally, Ramit and I are exactly the same age, and that might have something to do with it; a decade ago we were both railing at the world, young people shaking our fists at clouds. Now we’re better writers, and better teachers.
And I really do like this book. It’s incredibly detailed and packed with action items—you’ll know exactly what you need to do to make a debt repayment plan, choose a credit card, or begin investing.
If I were you, I’d pair Ramit’s six-week plan with Lillian Karabaic’s Get Your Money Together workbook; both take you through the same steps, provide similar action items, and come with the same sense of urgency and accountability—and since Ramit and Lillian have completely different backgrounds, writing styles, and financial perspectives, the two texts act like checks on each other. (If the person in the cashmere sweater and the person in the Ziggy Stardust wig both say the same thing, the advice must be solid.)
Or maybe it’s time for me to write my personal finance book, which would include a similar list of goals and feature the phrase “we’re all doing the best we can with what we have” somewhere in the first three paragraphs.
But more on that later this week. ❤️