Scrooge Strategy

About

I Will Teach You To Be Rich is a community focused on personal finance and entrepreneurship for college students, recent college grads, and everyone else. It hosts over 200,000 readers per month and 30,000+ newsletter subscribers. It’s been featured in most major media, including the Wall Street Journal, New York Times, NPR, ABC News, and CNBC.

The story
When I was in high school, coming from a middle-class family with four kids, my parents told me that if I wanted to go to college (which I had to, because I’m Indian), I’d have to get scholarships. I applied to over 70 scholarships and I still remember my first one: They wrote the $2,000 check to me, which I promptly invested, losing 50% of it in a couple months.

After that, I decided to learn about money so I didn’t lose the rest. I read the books and magazines, watched the TV shows, and realized there are a few simple steps to getting rich — and a lot of hype. Getting started is more important than being the smartest person in the room. It’s ok to make mistakes. Read a lot so you know when to call BS, but not too much–action is more important than reading. Ordinary actions get ordinary results. And there’s a difference between being sexy and being Rich.

Today, thousands of readers come to this site to focus on big wins — not to be nagged at for drinking lattes, but to spend money extravagantly on the things they love, while cutting costs mercilessly on the things they don’t.

How much have you saved
using Ramit's advice?





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Only numbers please