šŸ“š node [[i will teach you to be rich]]
  • Author:: [[Ramit Sethi]]
  • Full Title:: I Will Teach You to Be Rich
  • Category:: [[books]]
  • Highlights first synced by [[readwise]] [[September 2nd, 2020]]

    • Maybe theyā€™re correct or maybe theyā€™re not, but thatā€™s not really the point. The point is that we love to debate minutiae. (LocationĀ 259)
      • Note: True with EVERYTHING. Politics, religion, relationships, computers...
    • When it comes to weight loss, 99.99 percent of us need to know only two things: Eat less and exercise more. (LocationĀ 260)
    • Most of us fall into one of two camps regarding our money: We either ignore it and feel guilty, or we obsess over financial details by arguing interest rates and geopolitical risks without taking action. Both options yield the same resultsā€”none. (LocationĀ 274)
    • We need to set up accounts at solid banks, automate our day-to-day money management (including bills, savings, and, if applicable, debt payoff). We need to know about a few things to invest in, and then we need to let our money grow for thirty years. (LocationĀ 277)
    • we love to debate minutiae. When we do, we somehow feel satisfied. We might just be spinning our wheels and failing to change anyoneā€™s mind, but we feel as if we're really expressing ourselves, and itā€™s a good feeling. We feel like weā€™re getting somewhere. The problem is that this feeling is totally illusory. Think (LocationĀ 281)
    • the best time to start investing was ten years ago. The second best time is today. (LocationĀ 327)
    • Cynics donā€™t want results; they want an excuse to not take action. (LocationĀ 380)
    • Itā€™s easy for people in their twenties to wish that their colleges had offered some personal finance training. Guess what? Most colleges do offer those classes. You just didnā€™t take them! (LocationĀ 392)
    • Do you need to be the Iron Chef to cook a grilled-cheese sandwich? No, (LocationĀ 413)
    • Getting started is more important than becoming an expert. (LocationĀ 435)
    • Iā€™d rather act and get it 85 percent right than do nothing. (LocationĀ 437)
    • Itā€™s okay to make mistakes. (LocationĀ 440)
    • Spend extravagantly on the things you love and cut costs mercilessly on the things you donā€™t. (LocationĀ 441)
    • Donā€™t live in the spreadsheet. I encourage you to pick your financial system and move on with your life, (LocationĀ 452)
    • Play offense, not defense. (LocationĀ 457)
    • Make career decisions because I want to, not because of money (LocationĀ 485)
    • We feel helpless. We feel outraged. Who should get the blame? I donā€™t know, but somebody should. (LocationĀ 597)
    • Most of all, we do nothing. This is how ā€œoutrage cultureā€ worksā€”it makes you feel angry and exhaustedĀ .Ā .Ā .Ā and then you go back to doing nothing. (LocationĀ 598)
    • I have a few simple rules that I use when choosing my own cards: ā– ā€‚Donā€™t accept credit card offers that come in the mail or from retail stores like Gap or Nordstrom. ā– ā€‚Squeeze every reward you can out of your credit cards. ā– ā€‚Pick a good one, then move on with your life. (LocationĀ 761)
    • think of yourself as being on a little treasure hunt to figure out where to get the money to pay off your credit card debt. (LocationĀ 1394)
    • Literally bring a strategic plan of what you want to do in the position and hand it to your hiring manager. (LocationĀ 5709)
    • Negotiating tactic: Smile. (LocationĀ 5737)
šŸ“– stoas
ā„± context