Featured on ABC News webcast — watch the video here

January 24 39 Comments latest by I Will Teach You To Be Rich » How a pro does it — My friend Rachel made $1,000 an hour negotiating a new job

I was featured on an ABC webcast with Charles Gibson today.

See the webcast here or get it on iTunes (warning: it’s a little cheesy). I’m still getting used to the camera-in-the-face thing. Let me know what you think in the comments!

If you’re a new reader from ABC News, welcome.

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, New York Times, Boston Globe, US News & World Report Online, 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.

Here’s a quick guide to get started:

Some recent popular articles
Conscious Spending: How My Friend Spends $21,000/year Going Out
The $28,000 Question: Why Are We All Hypocrites About Weddings?
Chicken Little and Kooks Who Don’t Know What They’re Talking About
I Hate Indian Network Marketers So Much
Set Smaller Goals: Impress Friends, Get Girls, Lose Weight

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
Chicken Little and Kooks Who Don’t Know What They’re Talking About
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
Set smaller goals: impress friends, get girls, lose weight
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
Here are 50 books I recommend
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
Conscious spending: How my friend spends $21,000/year on going out
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
An Ode to Jim Blomo

Full list of articles
The I Will Teach You To Be Rich Table of contents (hundreds of articles)

How to subscribe

• Get notified of new posts by email
• RSS feed
• My newsletter:

And you can always email me. Thanks for reading.

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39 Comments latest by I Will Teach You To Be Rich » How a pro does it — My friend Rachel made $1,000 an hour negotiating a new job

Looking for Friday entrepreneurs and a blog engineer for iwillteachyoutoberich

January 24 1 Comment latest by Benton Crane

After a break, I’m bringing my Friday Entrepreneurs series back.

I’m looking for new people to feature, and there are some tangible benefits to being featured. If you’re working on something interesting and it’s live (ideas don’t count), please get in touch. Also, it doesn’t have to be a website — I’ve featured retail stores, a vineyard, and a buffalo-wing dipping device before.

Looking for a blog engineer for iwillteachyoutoberich
I’m also looking for a blog engineer who can help with all backend aspects of iwillteachyoutoberich, including backup, ad rotations, forum integration, and scalability. Here’s my wishlist: You’re a very talented engineer with 2-3 hours/week of extra time on your hands. You have experience running a high-traffic Wordpress blog, managing hosting/backups (I use S3), and implementing advertising (including optimizing performance using iterative testing). You’re curious how to take a large audience and integrate it across a blog, forums, newsletter, and more.

You’ve looked at my list of planned blog optimizations and you can already tell me 15 things I haven’t thought of. And while you may not know the right answer to a question, you know how to split-test and optimize until you find it. Please get in touch by sending me the URL of a site you’ve worked on and telling me a little bit about yourself.

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1 Comment latest by Benton Crane

How my friend used one email to start getting rich

January 23 14 Comments latest by Brijia

My friend “Michelle” emailed me this morning:

I am tired of being poor. I want to spend my time saving the world, but I don’t want to have to resign myself to a life of scrimping and saving. I’ve talked to “John” [boyfriend] about creating passive (or semi-passive) streams of income, and we just haven’t the slightest idea how to go about doing that. He’s a photographer and I have a background in languages and non-profit work.

So I was wondering if maybe you would let me take you out to coffee to pick your brain. I have never, ever felt that I have even a drop of entrepreneurship in me, but maybe that doesn’t need to stop me…? At any rate, I know that you have a passion for this sort of thing, so if you think you could help me just brainstorm, I would be eternally grateful.

My response:

No problem. I’d be happy to talk to you about this and see how I can help.

But I’ll ask you to do three things before we meet…

1. Make a list of all your income and all your expenses. Know exactly how much you’re making and what you’re spending it on (what % on rent, loans, food, clothes, etc). Bring the documents with you so I can take a look and see if anything is wildly off.
2. Think hard about what you are willing to do to change your financial situation. Would you be willing to get another job? Would John? It’s really important to talk to John since you’re in this together. Please bring him along.
3. What are your skills? What are your interests? Come with 3 specific ideas on what you could do on the side to make money!

Does that make sense?

I’ll be at XXX this Saturday all day. Want to meet around 1pm?

-Ramit

PS–I’d also recommend starting to read http://www.iwillteachyoutoberich.com from the first post and working your way up. It’s a quick read!

I’ll post more about her progress in the upcoming weeks.

By the way, notice the key elements of persuasion that you could use to get a meeting with anyone:

• A bold intro
• Flattery
• Reciprocity (she offers to take me to coffee)
• Respect (she’ll respect my time by working around my schedule)

I’ll be writing an ebook on effective emails later this year (see my first ebook on kicking ass). To get a sneak peek of the email ebook, join my free newsletter. Or just stay tuned to the blog for the full release.

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14 Comments latest by Brijia

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