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	<title>I Will Teach You To Be Rich &#187; Rants about dumb people</title>
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	<link>http://www.iwillteachyoutoberich.com</link>
	<description>Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times.</description>
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		<title>I could give you 100 ways to earn more and it still wouldn&#8217;t matter</title>
		<link>http://www.iwillteachyoutoberich.com/blog/i-could-give-you-100-ways-to-earn-more-and-it-still-wouldnt-matter/</link>
		<comments>http://www.iwillteachyoutoberich.com/blog/i-could-give-you-100-ways-to-earn-more-and-it-still-wouldnt-matter/#comments</comments>
		<pubDate>Wed, 06 Jul 2011 02:37:20 +0000</pubDate>
		<dc:creator>Ramit Sethi</dc:creator>
				<category><![CDATA[Earn more money]]></category>
		<category><![CDATA[Earning more]]></category>
		<category><![CDATA[Psychology of Money]]></category>
		<category><![CDATA[Rants about dumb people]]></category>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/?p=7474</guid>
		<description><![CDATA[All right&#8230;I want to proceed delicately with this one. I was fascinated by an article I saw recently on MoneySavingMom.com. The piece featured a struggling reader asking for ways to earn an extra $1,000 per month. This person was already frugal (eats at home, economizes on utilities, only buys on sale, etc.) but still needed [...]<p><!--<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here's a sample of what I'll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss - where you'll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/>
- A full recording of my private webcast with Tim Ferriss - in case you can't make it...<br/>
- Earn1 Bonus Case Study - Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&utm_medium=feed&utm_campaign=earn1k-rss-ad&utm_content=rss-footer">Become a top performer now</a></p>
</div>-->
<!-- <a href="http://www.iwillteachyoutoberich.com/blog/i-could-give-you-100-ways-to-earn-more-and-it-still-wouldnt-matter/">I could give you 100 ways to earn more and it still wouldn&#8217;t matter</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>--></p>
]]></description>
			<content:encoded><![CDATA[</p>
<p>All right&#8230;I want to proceed delicately with this one.</p>
<p><a rel="attachment wp-att-7475" href="http://www.iwillteachyoutoberich.com/blog/i-could-give-you-100-ways-to-earn-more-and-it-still-wouldnt-matter/istock_000015411906xsmall/"><img class="aligncenter size-full wp-image-7475" title="iStock_000015411906XSmall" src="http://iwt.wpengine.netdna-cdn.com/wp-content/uploads/2011/07/iStock_000015411906XSmall.jpg" alt="" width="394" height="305" /></a></p>
<p>I was fascinated by an article I saw recently on <a href="http://moneysavingmom.com/2011/06/ask-the-readers-how-can-i-earn-1000-per-month.html">MoneySavingMom.com</a>. The piece featured a struggling reader asking for ways to earn an extra $1,000 per month. This person was already frugal (eats at home, economizes on utilities, only buys on sale, etc.) but still needed ways to earn more.</p>
<p>The comments section (with nearly 400 comments) is absolutely FASCINATING.</p>
<p>Why? Because it mirrors how most of us think about earning money. It contains random “tips” and “ideas” instead of a framework, strategy, and set of step-by-step guidelines.</p>
<p>So for example, you’ll see comments like this:</p>
<blockquote>
<p dir="ltr">“I use Fiverr.com to make money from home. Check it out, there is a huge variety of things people do on there for $5 (the website keeps one so you get $4) but it can add up fast.</p>
<p>&nbsp;</p>
<p dir="ltr">“I use survey spot&#8230;After doing surveys you can redeem your points for $10 to your paypal account, and then I put it right into savings. It is not much and definitely not the $1,000 <img src="https://lh3.googleusercontent.com/AUF5bnzYdXXIZxjjewPrZi-pVqldtnd9PvHJLv6DLHOdE1HXl9QPlVTzHkxyshHc2n4OjO5kTBRoc0tG5PSMxQa2nTEx1-EXx_bFR2zy4Ca38HvBj0MU9b5-wXnl2wf7" alt="" width="15px;" height="15px;" /></p>
<p>&nbsp;</p>
<p dir="ltr">“You could try buying things at yard sales and reselling them for $! You could definitely hit your $1000 goal! Good luck!”</p>
</blockquote>
<p>I’d like you to go read the original blog post and some of the comments. Then I’d like to ask what you notice.</p>
<p>What’s different about the material on earning money that you find on that site, versus the material you find here at IWT?</p>
<p>Why do you think that difference exists?</p>
<p>Leave a comment with your observations here. I’ll analyze them in the next few days.</p>
<p>NOTE: This isn’t an invitation to bash people. Be respectful. Let’s try to figure out why different approaches work and don’t work.</p>
<p>&nbsp;
<p><!--
<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here&#8217;s a sample of what I&#8217;ll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss &#8211; where you&#8217;ll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/><br />
- A full recording of my private webcast with Tim Ferriss &#8211; in case you can&#8217;t make it&#8230;<br/><br />
- Earn1 Bonus Case Study &#8211; Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&#038;utm_medium=feed&#038;utm_campaign=earn1k-rss-ad&#038;utm_content=rss-footer">Become a top performer now</a></p>
</div>
<p>&#8211;></p>
<p><!-- <a href="http://www.iwillteachyoutoberich.com/blog/i-could-give-you-100-ways-to-earn-more-and-it-still-wouldnt-matter/">I could give you 100 ways to earn more and it still wouldn&#8217;t matter</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>&#8211;></p>
<img src="http://www.iwillteachyoutoberich.com/?ak_action=api_record_view&id=7474&type=feed" alt="" />]]></content:encoded>
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		<slash:comments>88</slash:comments>
		</item>
		<item>
		<title>Cost vs. value: the $71,000 conference that&#8217;s a bargain</title>
		<link>http://www.iwillteachyoutoberich.com/blog/cost-vs-value-the-71000-conference-thats-a-bargain/</link>
		<comments>http://www.iwillteachyoutoberich.com/blog/cost-vs-value-the-71000-conference-thats-a-bargain/#comments</comments>
		<pubDate>Wed, 29 Jun 2011 13:48:28 +0000</pubDate>
		<dc:creator>Ramit Sethi</dc:creator>
				<category><![CDATA[Earn more money]]></category>
		<category><![CDATA[Earning more]]></category>
		<category><![CDATA[Hustling]]></category>
		<category><![CDATA[Miscellaneous]]></category>
		<category><![CDATA[Psychology of Money]]></category>
		<category><![CDATA[Rants about dumb people]]></category>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/?p=7453</guid>
		<description><![CDATA[The vast majority of Americans are fixated on cost, not value. They complain about how much something costs, rather than understanding what value it could provide &#8212; whether financially, emotionally, or otherwise. I’ve written about this before in my post on why I bought a new car, a decision commonly dismissed without any research or [...]<p><!--<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here's a sample of what I'll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss - where you'll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/>
- A full recording of my private webcast with Tim Ferriss - in case you can't make it...<br/>
- Earn1 Bonus Case Study - Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&utm_medium=feed&utm_campaign=earn1k-rss-ad&utm_content=rss-footer">Become a top performer now</a></p>
</div>-->
<!-- <a href="http://www.iwillteachyoutoberich.com/blog/cost-vs-value-the-71000-conference-thats-a-bargain/">Cost vs. value: the $71,000 conference that&#8217;s a bargain</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>--></p>
]]></description>
			<content:encoded><![CDATA[</p>
<p>The vast majority of Americans are fixated on cost, not value.</p>
<p>They complain about how much something costs, rather than understanding what value it could provide &#8212; whether financially, emotionally, or otherwise.</p>
<p><img class="aligncenter" src="http://farm4.static.flickr.com/3422/3796358262_04c04ed0ca.jpg" alt="" width="500" height="267" /></p>
<p>I’ve written about this before in my post on <a href="http://www.iwillteachyoutoberich.com/blog/cost-vs-value-why-i-bought-a-new-car/">why I bought a new car</a>, a decision commonly dismissed without any research or perspective. In that post, I argue that value (what you get) is much more important than cost (what you pay.)</p>
<p>Earlier this year, I discovered an extreme example that makes the distinction even clearer. <a href="http://www.businessinsider.com/costs-of-davos-2011-1">Business Insider</a> wrote about how huge corporations are spending $71,000 per year to attend the World Economic Forum’s annual meeting in Davos, Switzerland (pictured above.)</p>
<p>Predictably, most people reacted to this with shock, horror, and even disgust. “$71K for a conference? That’s crazy!” But like many of the people who criticized me for buying a new car, these folks were focused solely on the COST, while totally ignoring the VALUE.</p>
<p>Everyone, that is, except the people who actually attend the conference. They talked about what they were getting for their money:</p>
<blockquote>
<p dir="ltr">“&#8230;because Davos is now primarily a huge, high-level business conference, in which senior executives from the world&#8217;s largest companies take advantage of their physical proximity to meet in person with partners and clients and would-be clients&#8211;meetings that can end up being vastly more valuable than the price of admission.”</p>
</blockquote>
<p>You know what? People with millions of dollars are pretty smart. So instead of yelling how stupid wealthy people are to spend money on something, perhaps a better approach is to say, “Hmm&#8230;.what do they know that I don’t? Why would they be doing that?” And try to understand, rather than demean and degrade.</p>
<p>That’s why everyone who flew to Davos this year will be back next year and for many years to come, no matter how high the price is.</p>
<p>It’s easy to look at a high number like $71,000 (or even $500-$1,000) and proclaim how “outrageous” it is. But it takes a little more insight to think about what that seemingly outrageous amount of money is BUYING.</p>
<p>I see this with <a href="http://earn1k.com/?utm_source=iwtytbr&amp;utm_medium=blog&amp;utm_campaign=71k-conference">my Earn1K course </a>all the time. Each time I open it, a number of readers scoff at the price and invent all sorts of reasons why they would never pay it. (The excuses are so predictable that we actually have a scored taxonomy of excuses, as we’ve seen thousands of them.) Meanwhile, a smaller number of smart readers consider the price in relation to what Earn1K could help them DO.</p>
<p dir="ltr"><strong>DUMB PERSON EXAMPLE: </strong>“OMG&#8230;why would you pay that much to earn $1,000?? I have an idea&#8230;give me $1,001 and I’ll give you $1,000&#8230;hahaha ahaha aahaha.”</p>
<p dir="ltr"><strong>SMART PERSON:</strong> “Hmm&#8230;if this course teaches me the specific steps to earn $1,000/month on the side, I could earn $1k/mo for the rest of my life. Or maybe more&#8230;”</p>
<p>One of my students, Jackie, turned her Earn1K investment into <a href="http://www.iwillteachyoutoberich.com/blog/earn-money-case-studies-hustle-scripts/">$80,000 in new side income</a>. Others have achieved <a href="http://earn1k.com/preview">incredible results</a>. She saw the cost of the course not as money down the drain, but as a shorter learning curve (and faster financial rewards.) A classic example of spending money to make money.</p>
<p>The point isn’t that you MUST spend money to get value, or that spending money GUARANTEES you will get value. Rather, I just want you to be open to the idea that it can and often does make sense to pay for value &#8212; and that cost is not the only concern.</p>
<h3>Free 30-day course: Earn More on the Side</h3>
<p><a href="http://forms.aweber.com/form/77/1041953277.htm"><img class="aligncenter size-medium wp-image-7454" title="Cash (400 x 266)" src="http://iwt.wpengine.netdna-cdn.com/wp-content/uploads/2011/06/Cash-400-x-266-300x199.jpg" alt="" width="300" height="199" /></a></p>
<p>My Earn1K course on earning money on the side isn’t open right now, but it will be shortly. In the meantime, I’d love for you to join my private list on earning more. <strong>You’ll get 30 days of material on:</strong></p>
<ul>
<li>How to identify and narrow down a profitable idea</li>
<li>Psychological techniques to dominate</li>
<li>The “Pay Certainty” Technique: How to know whether people will pay for your idea/service before you invest your time time</li>
<li>Advanced tips on pricing</li>
<li>Bonus interviews, webcasts and Master Classes</li>
</ul>
<p><strong>You can join my private list for free by signing up below:</strong></p>
<p><script src="http://forms.aweber.com/form/77/1041953277.js" type="text/javascript"></script></p>
<p style="text-align: center;">(Can’t see the above form? <a href="http://forms.aweber.com/form/77/1041953277.htm">Click here</a>.)</p>
<p><span style="font-size: x-small;"><strong>Image credit:</strong> <a href="http://www.flickr.com/photos/ratzfatz2000/3796358262/" target="_blank">Problemkind</a></span><br />
<span style="font-size: x-small;"><strong>Image credit: </strong><a href="http://www.flickr.com/photos/amagill/3366720659/" target="_blank">AMagill</a></span>
<p><!--
<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here&#8217;s a sample of what I&#8217;ll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss &#8211; where you&#8217;ll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/><br />
- A full recording of my private webcast with Tim Ferriss &#8211; in case you can&#8217;t make it&#8230;<br/><br />
- Earn1 Bonus Case Study &#8211; Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&#038;utm_medium=feed&#038;utm_campaign=earn1k-rss-ad&#038;utm_content=rss-footer">Become a top performer now</a></p>
</div>
<p>&#8211;></p>
<p><!-- <a href="http://www.iwillteachyoutoberich.com/blog/cost-vs-value-the-71000-conference-thats-a-bargain/">Cost vs. value: the $71,000 conference that&#8217;s a bargain</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>&#8211;></p>
<img src="http://www.iwillteachyoutoberich.com/?ak_action=api_record_view&id=7453&type=feed" alt="" />]]></content:encoded>
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		<slash:comments>11</slash:comments>
		</item>
		<item>
		<title>What does the Capital One acquisition mean for ING Direct?</title>
		<link>http://www.iwillteachyoutoberich.com/blog/what-does-the-capital-one-acquisition-mean-for-ing-direct/</link>
		<comments>http://www.iwillteachyoutoberich.com/blog/what-does-the-capital-one-acquisition-mean-for-ing-direct/#comments</comments>
		<pubDate>Mon, 27 Jun 2011 04:51:04 +0000</pubDate>
		<dc:creator>Ramit Sethi</dc:creator>
				<category><![CDATA[Miscellaneous]]></category>
		<category><![CDATA[Rants about dumb people]]></category>
		<category><![CDATA[Saving]]></category>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/?p=7434</guid>
		<description><![CDATA[I&#8217;ve always pledged to be brutally honest with you about the best and worst companies out there. Very few people in the personal finance space will name specific names about companies. Some of them are worried about closing the door on a sponsorship deal. Some simply don&#8217;t want to be &#8220;mean.&#8221; I&#8217;ve always found that [...]<p><!--<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here's a sample of what I'll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss - where you'll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/>
- A full recording of my private webcast with Tim Ferriss - in case you can't make it...<br/>
- Earn1 Bonus Case Study - Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&utm_medium=feed&utm_campaign=earn1k-rss-ad&utm_content=rss-footer">Become a top performer now</a></p>
</div>-->
<!-- <a href="http://www.iwillteachyoutoberich.com/blog/what-does-the-capital-one-acquisition-mean-for-ing-direct/">What does the Capital One acquisition mean for ING Direct?</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>--></p>
]]></description>
			<content:encoded><![CDATA[</p>
<p>I&#8217;ve always pledged to be brutally honest with you about the best and worst companies out there.</p>
<p>Very few people in the personal finance space will name specific names about companies. Some of them are worried about closing the door on a sponsorship deal. Some simply don&#8217;t want to be &#8220;mean.&#8221;</p>
<p>I&#8217;ve always found that being ULTRA-SPECIFIC &#8212; more than anyone else &#8212; shows people you really know what you&#8217;re talking about.</p>
<p>So after news came out about Capital One acquiring ING Direct, I got approximately 830 million emails like this:</p>
<p>&nbsp;</p>
<blockquote><p>&#8220;Any thoughts on ING getting bought by Capital One? Me &amp; my 2 friends who use IWT book are concerned. (EOM)&#8221;</p>
<p>&#8211;Kelly</p></blockquote>
<p>&nbsp;</p>
<blockquote><p>&#8220;Now with ING being purchased by Capital One Bank do you think this will change your thoughts?&#8221;</p>
<p>&#8211;Mtokufa</p></blockquote>
<p>&nbsp;</p>
<blockquote><p>&#8220;What do you make of Capital One buying out ING Direct??  I&#8217;ve been with ING for a number of years and pretty happy with the system, liked it better with higher interest rates, but whadya do?&#8221;</p>
<p>&#8211;Kim</p></blockquote>
<p>&nbsp;</p>
<p>…I&#8217;ve decided to talk about what the Capital One acquisition will mean for ING Direct. As you know, when I recommended my favorite <a href="http://www.iwillteachyoutoberich.com/blog/my-favorite-savings-account/" target="_blank">savings account</a>, <a href="http://www.iwillteachyoutoberich.com/blog/my-favorite-checking-account/" target="_blank">checking account</a>, and <a href="http://www.iwillteachyoutoberich.com/blog/my-favorite-credit-card/" target="_blank">credit card</a>, I named ING Direct as the savings account that I love and use.</p>
<h3>My thoughts on the Capital One acquisition of ING Direct</h3>
<p>There are companies that are pure pieces of shit.</p>
<p>Companies that I go out of my way to avoid, and warn everyone else about.</p>
<p>Capital One is one of those companies.</p>
<p>It&#8217;s an example of the worst type of financial company that exists to completely screw over their customers with outrageous fees, deceptive benefits, and absurd teaser rates.</p>
<p>For example, here&#8217;s a picture I snapped on BART a while back.</p>
<p><img class="aligncenter" src="http://i.imgur.com/erR7C.png" alt="" width="394" height="317" /></p>
<p>3X the average rate!! Wow!!</p>
<p><img class="aligncenter" src="http://i.imgur.com/CE4ah.jpg" alt="" width="400" height="300" /></p>
<p>Oh, wait…you need a minimum balance of $10,000, which is literally written in fine print. Hey Capital One: When you compare the promise of the headline &#8212; which screams &#8220;EARN 3X MORE ON YOUR SAVINGS&#8221;  &#8211; with the actual account requirements, your customers feel cheated and hate you even more than they already do.</p>
<p>Would a company like Amazon ever do this? Zappos? Nordstrom?</p>
<p>I also get thousands and thousands of emails every month, and you wouldn&#8217;t believe how many people complain about the terrible behavior of Capital One.</p>
<p>Reader Kelly described her experiences with Capital One:</p>
<blockquote><p>&#8220;Multiple horrible customer service experiences with Cap One, plus some really shady/fraudulent credit reporting muck-ups on their end. Not impressed, burned a few times, and now wary.&#8221;</p></blockquote>
<p>In fact, in a <a href="http://www.creditcards.com/credit-card-news/qa-ramit-sethi-i-will-teach-you-to-be-rich-author-1278.php" target="_blank">recent interview with CreditCards.com</a>, where I named my favorite/least favorite accounts, here&#8217;s what I said:</p>
<blockquote><p>&#8220;Capital One: I would never use their cards. I hear horror story after horror story from my readers about them.&#8221;</p></blockquote>
<p>It doesn&#8217;t help that when the <a href="http://bucks.blogs.nytimes.com/2011/06/22/capital-ones-response-to-outrage-over-ing-direct-purchase/" target="_blank">New York Times asked Capital One if they were going to ruin ING accounts</a>, the Capital One rep responded with the most robotic, automoton-like responses I&#8217;ve ever heard:</p>
<blockquote><p><strong>Q. Are you planning any new fees or minimum balance requirements?</strong></p>
<p>ING Direct has built a large and valuable franchise of engaged customers by focusing on a few simple proconsumer products.  We deeply understand the value of the loyalty and advocacy ING Direct has been able to build with its customers.  Everything we do as we integrate our businesses will be thoughtful and surefooted with a focus on sustaining and building that customer loyalty. We will focus on the customers, channels, products, and pricing strategies that build the best long-term customer relationships and deliver the best cost of funds.</p></blockquote>
<p>[RAMIT'S TRANSLATION: "WE WILL FUCK U SOON"]</p>
<p>Are you serious? THAT is the best response that Capital One &#8212; an enormous company that everyone fears will turn friendly ING into a mega-bank that screws customers over &#8212; can come up with? I could have crafted a better response while juggling on a tightrope over Niagara Falls.</p>
<h3>What the Capital One acquisition means for ING Direct</h3>
<p>I can understand the concern. Thousands and thousands of readers have opened ING Direct accounts because of my recommendation in my book, blog, and emails. So now that a terrible company bought ING Direct, what should you do?</p>
<p>THE ANSWER IS CALM THE FUCK DOWN YOU WEIRDOS.</p>
<p>What the hell is wrong with you??</p>
<p>Do you seriously think a company &#8212; even the demonic Capital One &#8212; is going to immediately change ING accounts into a fee-heavy, terrible-customer-service-having, fine-print-obscuring monstrosity of an account?</p>
<p>Of course not. They JUST acquired ING Direct. They are not going to drastically change your account in like 2 minutes.</p>
<p>I understand the hatred of Capital One, but the irrational fear of this acquisition is getting out of control. People have ALREADY canceled their ING account anticipating the horrible changes that are coming. Would you really want to be friends with these people? &#8220;OMG…it&#8217;s cloudy outside. MOVE OUT OF THE WAY! I HAVE TO GO TO WALMART TO BUY GUNS AND WATER…IT MIGHT BE A NUCLEAR HOLOCAUST!!&#8221;</p>
<p>Talk about jumping the gun.</p>
<p>Here is what I anticipate will happen over the long term.</p>
<ul>
<li>Nothing will change for a while</li>
<li>Then Capital One, like a racist uncle, will not be able to help itself from revealing its true colors. It will make subtle changes to ING accounts to make it more profitable for them…and shittier for customers (timeline: unknown. My guess is around a year for the first changes, but who knows.)</li>
<li>It won&#8217;t be &#8220;so bad&#8221; for a while, especially since we&#8217;ve invested so much time in automating transfers to our sub-savings accounts</li>
<li>Eventually, people will start to realize ING has become &#8220;just another&#8221; bank, and there are better options</li>
<li>After I get fed up, I will browse to <a href="http://ingdirect.capitalone.com/" target="_blank">ingdirect.capitalone.com</a> and vomit all over my computer just to spite them. Then I will switch to another bank, test it, and write a damning post, causing thousands of people to switch accounts within 24 hours</li>
<li>We will pick another bank and life will go on</li>
</ul>
<p>HOWEVER. NONE OF THIS IS HAPPENING YET. So stop being weirdos and anticipating the end of the world before it ever comes. You have MUCH bigger things to focus on than what &#8220;might&#8221; happen with your bank account. Have you <a href="http://www.iwillteachyoutoberich.com/how-to-negotiate/" target="_blank">negotiated</a>? <a href="http://www.iwillteachyoutoberich.com/automate-your-personal-finances/" target="_blank">Automated</a>? <a href="http://www.iwillteachyoutoberich.com/earn-more-money/" target="_blank">Earned more</a>? Taken the <a href="http://www.iwillteachyoutoberich.com/blog/announcing-the-save-1000-in-30-days-challenge/" target="_blank">30-day challenge to save $1,000</a>? Focus on what&#8217;s in front of you, not what might happen some day, possibly, somehow.</p>
<p>Seriously, I hate you all.</p>
<p>&nbsp;
<p><!--
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<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here&#8217;s a sample of what I&#8217;ll be sending out:</p>
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- A full recording of my private webcast with Tim Ferriss &#8211; in case you can&#8217;t make it&#8230;<br/><br />
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</div>
<p>&#8211;></p>
<p><!-- <a href="http://www.iwillteachyoutoberich.com/blog/what-does-the-capital-one-acquisition-mean-for-ing-direct/">What does the Capital One acquisition mean for ING Direct?</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>&#8211;></p>
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		<title>44% of people plan to never invest again</title>
		<link>http://www.iwillteachyoutoberich.com/blog/44-of-people-plan-to-never-invest-again/</link>
		<comments>http://www.iwillteachyoutoberich.com/blog/44-of-people-plan-to-never-invest-again/#comments</comments>
		<pubDate>Mon, 06 Jun 2011 17:51:15 +0000</pubDate>
		<dc:creator>Ramit Sethi</dc:creator>
				<category><![CDATA[Asset allocation]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Investor psychology]]></category>
		<category><![CDATA[Miscellaneous]]></category>
		<category><![CDATA[Rants about dumb people]]></category>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/?p=7394</guid>
		<description><![CDATA[A recent survey shows that 44% of people plan to never invest money in the stock market again. &#8220;Prudential, which polled more than 1,000 investors between the ages of 35 and 70 online earlier this year, found that 58% of those surveyed have lost faith in the stock market. Even more alarming, 44% said they [...]<p><!--<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here's a sample of what I'll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss - where you'll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/>
- A full recording of my private webcast with Tim Ferriss - in case you can't make it...<br/>
- Earn1 Bonus Case Study - Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&utm_medium=feed&utm_campaign=earn1k-rss-ad&utm_content=rss-footer">Become a top performer now</a></p>
</div>-->
<!-- <a href="http://www.iwillteachyoutoberich.com/blog/44-of-people-plan-to-never-invest-again/">44% of people plan to never invest again</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>--></p>
]]></description>
			<content:encoded><![CDATA[</p>
<p>A <a href="http://money.cnn.com/2011/06/01/markets/thebuzz/index.htm?iid=HP_River">recent survey </a>shows that 44% of people plan to never invest money in the stock market again.</p>
<blockquote><p>&#8220;Prudential, which polled more than 1,000 investors between the ages of 35 and 70 online earlier this year, found that 58% of those surveyed have lost faith in the stock market. Even more alarming, 44% said they plan to never invest in stocks. Ever.”</p></blockquote>
<p><a href="http://www.iwillteachyoutoberich.com/blog/44-of-people-plan-to-never-invest-again/stock-400-x-300/" rel="attachment wp-att-7395"><img class="aligncenter size-medium wp-image-7395" title="Stock" src="http://iwt.wpengine.netdna-cdn.com/wp-content/uploads/2011/06/Stock-400-x-300-300x225.jpg" alt="" width="300" height="225" /></a></p>
<p>Think about that for a minute.</p>
<p>That decision is not the well-reasoned response of someone who has carefully evaluated the risk and reward ratio of investing.</p>
<p>It is an emotional response born out of fear (“I don’t want to lose my money!!!”) and ignorance (“this stock market is a crock!”).</p>
<p>Here are a few notes to consider:</p>
<ul>
<li>Perhaps the worst financial move you could make would be to withdraw from the stock market. These are some of the same people who will complain about money their entire lives, never stopping to realize that their own behavior &#8212; decades prior &#8212; caused their financial situation</li>
<li>If you’re truly risk-averse, you have other options to mitigate risk, such as investing in lower-risk investments or changing your contribution rates. However, this assumes you are rational and will “understand” the options. The truth, of course, is that discontinuing investments is anything but rational.</li>
<li>I don’t only blame these people, by the way. Although we are responsible for our own actions, the <a href="http://www.iwillteachyoutoberich.com/blog/education-is-not-the-magic-bullet/">financial education in this country has failed us</a>.</li>
<li>Ironically, as the <a href="http://online.wsj.com/article/SB10001424052748704692904576166290382532296.html#articleTabs%3Dcomments">Wall Street Journal</a> notes, “It looks as though many of the retail investors now getting back into stocks are the same people who bailed from the market just before the start of a historic bull run.” What’s the takeaway? You will never be able to time the market accurately over the long term. This is where some crackpot commenter will say, “DUH RAMIT, I SAW THE HOUSING CRASH COMING A MILE AWAY AND PUT ALL MY MONEY IN RED BRICKS!! NOW IT’S SAFE!! HA HA AHAAHAHA.” You may get lucky with timing once. But eventually, you will lose</li>
<li>If you’re in your 20&#8242;s and 30&#8242;s, your time horizon allows you to withstand temporary downturns and still come out ahead by retirement age</li>
<li>The idea that “I don’t want to lose my money” ignores the fact that by not investing, you will also lose money &#8212; it will just be an invisible loss that will only be realized decades later</li>
<li>Older people who lost everything in the stock market should never have been in that position &#8212; their <a href="http://www.iwillteachyoutoberich.com/blog/asset-allocation-investor-psychology/">asset allocation </a>failed them</li>
<li>The investment strategy for the vast majority of individual investors should be passive, buy-and-hold investing. There’s no need to obsessively monitor investments or day-trade. I check my investments every 6-12 months as I have better things to do than micro-monitor these numbers.</li>
<li>Target-date funds make sure your asset allocation is always age-appropriate with little/no effort from you. It is one of the finest automation strategies in life.</li>
</ul>
<p>If you’re curious how to set up an <a href="http://www.iwillteachyoutoberich.com/automate-your-personal-finances/" target="_blank">automatic investing plan</a> &#8212; including which investing accounts I use and how I chose my asset allocation &#8212; pick up a copy of my book. Here’s the <a href="http://www.amazon.com/gp/product/0761147489/ref=as_li_ss_tl?ie=UTF8&amp;tag=iwillteachyou-20&amp;linkCode=as2&amp;camp=217153&amp;creative=399349&amp;creativeASIN=0761147489">print version</a> and <a href="http://www.amazon.com/gp/product/B003I1WY0M/ref=as_li_ss_tl?ie=UTF8&amp;tag=iwillteachyou-20&amp;linkCode=as2&amp;camp=217153&amp;creative=399701&amp;creativeASIN=B003I1WY0M">Kindle version</a>.</p>
<p><a href="http://www.amazon.com/gp/product/0761147489/ref=as_li_ss_tl?ie=UTF8&amp;tag=iwtytbr-20&amp;linkCode=as2&amp;camp=217145&amp;creative=399349&amp;creativeASIN=0761147489" target="_blank"><img class="aligncenter size-full wp-image-7397" title="Cover-image-small" src="http://iwt.wpengine.netdna-cdn.com/wp-content/uploads/2011/06/Cover-image-small.jpg" alt="" width="160" height="240" /></a></p>
<p><strong>Results from the book:</strong></p>
<p>“Thanks for the advice. Have been able to build 25k in a roth, 7k in a 401k, automate all my finances and live a bliss life thanks to your book.”<br />
&#8211;Adrian S.</p>
<p>“Since I bought your book, I&#8217;ve cleared five thousand in credit card debt and twenty thousand in student loans. I&#8217;m maxing out my roth and my 401k, have a savings plan and negotiated my way into six figures.”<br />
&#8211;Nicholas C.</p>
<p>“After buying your book, my<a href="http://www.iwillteachyoutoberich.com/" target="_blank"> personal finances</a> have changed completely&#8230;all of my credit cards (which I pay off in full each month) are completely automated. I also rolled both 401ks into a Vanguard IRA.  Yesterday, I was able to put enough money into the IRA to max it out for the year 2010&#8230;something I didn&#8217;t think I&#8217;d be able to do for a few years.  I&#8217;m setting up an autopayment plan to put my 2011 IRA payments on cruise control.”<br />
&#8211;Steve K.
<p><!--
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<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here&#8217;s a sample of what I&#8217;ll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss &#8211; where you&#8217;ll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/><br />
- A full recording of my private webcast with Tim Ferriss &#8211; in case you can&#8217;t make it&#8230;<br/><br />
- Earn1 Bonus Case Study &#8211; Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&#038;utm_medium=feed&#038;utm_campaign=earn1k-rss-ad&#038;utm_content=rss-footer">Become a top performer now</a></p>
</div>
<p>&#8211;></p>
<p><!-- <a href="http://www.iwillteachyoutoberich.com/blog/44-of-people-plan-to-never-invest-again/">44% of people plan to never invest again</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>&#8211;></p>
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		<title>This guy is going to regret his life in 15 years</title>
		<link>http://www.iwillteachyoutoberich.com/blog/investing-in-gold/</link>
		<comments>http://www.iwillteachyoutoberich.com/blog/investing-in-gold/#comments</comments>
		<pubDate>Mon, 09 May 2011 15:57:09 +0000</pubDate>
		<dc:creator>Ramit Sethi</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[Psychology of Money]]></category>
		<category><![CDATA[Rants about dumb people]]></category>
		<category><![CDATA[Saving]]></category>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/?p=7365</guid>
		<description><![CDATA[Sigh. An email I got recently. Vito writes: &#8220;Love your name btw. Just ram it! lol. My investment strategy is non complicated. I invest everything I have in gold and silver. 75% silver and 25% gold. Simple and effective and no need to read any books. It&#8217;s doing very well. Nobody I know has the [...]<p><!--<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here's a sample of what I'll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss - where you'll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/>
- A full recording of my private webcast with Tim Ferriss - in case you can't make it...<br/>
- Earn1 Bonus Case Study - Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&utm_medium=feed&utm_campaign=earn1k-rss-ad&utm_content=rss-footer">Become a top performer now</a></p>
</div>-->
<!-- <a href="http://www.iwillteachyoutoberich.com/blog/investing-in-gold/">This guy is going to regret his life in 15 years</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>--></p>
]]></description>
			<content:encoded><![CDATA[</p>
<p>Sigh. An email I got recently. </p>
<p>Vito writes:</p>
<blockquote><p>&#8220;Love your name btw.  Just ram it!  lol.  My investment strategy is non complicated.  I invest everything I have in gold and silver.  75% silver and 25% gold.  Simple and effective and no need to read any books.  It&#8217;s doing very well.  Nobody I know has the slightest clue what&#8217;s going on.  They think gold and silver is gambling or it&#8217;s too risky.  LOL.  Fucking illiterates.  Nobody taught them shit.  They trusted their politicians and bankers.  They deserve what is coming.  Nobody wants to hear about gold and silver. Little do they know when the dollar collapses they&#8217;re all going to get rammed up the ass and I&#8217;m going to be skating away smelling like a rose with all my money and more.   I don&#8217;t bother with equities either.  They&#8217;re a rip job.  Investors today are fucking stupid.  They react to all the talk in the media and forget about the fundamentals of gold and silver and actually sell it.  That is where I enter the scene and buy, knowing full well it&#8217;s got one way to go but up, like the national debt of all western economies.  Thank God for fucking stupid people!&#8221;</p></blockquote>
<p>My response:</p>
<blockquote><p>&#8220;probably not the best strategy for the long term.&#8221;</p></blockquote>
<p>Vito writes:</p>
<blockquote><p>&#8220;Gold and silver is not the best strategy for the long term?  Why, if you don&#8217;t mind my asking?&#8221;</p></blockquote>
<p>My response:</p>
<blockquote><p>&#8220;It severely underperforms other investments over the long term. This is why you need to read a couple books on personal finance &#8212; at a minimum. What is performing really well today likely won&#8217;t perform well over the long term. I cover this in my book or there are many, many other books/free articles online.&#8221;</p></blockquote>
<p>[We go back and forth a few times and I encourage him to read some books to dig up the data himself...]</p>
<p>He responds:</p>
<blockquote><p>&#8220;Well Ramit, you can keep your data. How can a best selling financial author give out this sort of nonsense for advice?  What do you think, I&#8217;m some sort of dummy?  Check out the data on the debt in the US and Europe. Do you even know how high it is?  And the banks, do you have any data on how much toxic debt they&#8217;re carrying in worthless OTC derivatives?  Anybody that follows you blindly into equities I can unequivocally guarantee will be in for a religious experience and a world of hurt.  Long term equities will destroy you.&#8221;</p></blockquote>
<p>&#8220;You can keep your data.&#8221; Ok, I think I will. </p>
<p>I rarely blame people alone for their lack of financial knowledge, as there are many groups to blame &#8212; schools, companies, and Wall Street &#8212; but this guy is actively proud of not reading even one book.</p>
<p>As with most people, <a href="http://www.iwillteachyoutoberich.com/blog/education-is-not-the-magic-bullet/">education alone is not the answer</a> to change his behavior, as he will never allow himself to be subjected to education.</p>
<p>It’s interesting: People complain about their finances for nearly their entire lives &#8212; without ever reading one good <a href="http://www.amazon.com/gp/product/0761147489/ref=as_li_ss_tl?ie=UTF8&#038;tag=iwillteachyou-20&#038;linkCode=as2&#038;camp=1789&#038;creative=390957&#038;creativeASIN=0761147489">personal finance book</a>.</p>
<p>Yet when you collect the data, you find <a href="http://www.iwillteachyoutoberich.com/blog/already-handled-basics-save-money-get-ahead/">predictable patterns</a>. </p>
<ul>
<li>In their 30s, they wish they saved more to travel in their 20s.</li>
<li>In their 40s, they wish they&#8217;d saved more for a down payment in their 30s.</li>
<li>And in their 50s, they wish they&#8217;d saved for one simple thing in their 40s: retirement.</li>
</ul>
<p>Each of these groups could have done so in a period of a few weeks &#8212; then let their system automatically work for them.</p>
<p>But it&#8217;s easier to make doomsday predictions about the world, concoct macro-economic theories, and call other people “fucking stupid.”</p>
<p><center>*     *     *</center><br />
Interesting reading&#8230;</p>
<p>1) Read more <a href="http://www.iwillteachyoutoberich.com/blog/category/rants-about-dumb-people/">rants about dumb people</a>.</p>
<p>2) I’m working on something special right now.  If you’re interested in saving money on your biggest expense, I’d like to ask you about it: <a href="http://www.surveymonkey.com/s/ZBJQCDL">http://www.surveymonkey.com/s/ZBJQCDL</a></p>
<p><!--
<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here&#8217;s a sample of what I&#8217;ll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss &#8211; where you&#8217;ll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/><br />
- A full recording of my private webcast with Tim Ferriss &#8211; in case you can&#8217;t make it&#8230;<br/><br />
- Earn1 Bonus Case Study &#8211; Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&#038;utm_medium=feed&#038;utm_campaign=earn1k-rss-ad&#038;utm_content=rss-footer">Become a top performer now</a></p>
</div>
<p>&#8211;></p>
<p><!-- <a href="http://www.iwillteachyoutoberich.com/blog/investing-in-gold/">This guy is going to regret his life in 15 years</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>&#8211;></p>
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		<title>The 1-week MBA on earning more money</title>
		<link>http://www.iwillteachyoutoberich.com/blog/mba-earn-more-money/</link>
		<comments>http://www.iwillteachyoutoberich.com/blog/mba-earn-more-money/#comments</comments>
		<pubDate>Sat, 05 Feb 2011 00:42:38 +0000</pubDate>
		<dc:creator>Ramit Sethi</dc:creator>
				<category><![CDATA[Earning more]]></category>
		<category><![CDATA[Negotiation]]></category>
		<category><![CDATA[Personal entrepreneurship]]></category>
		<category><![CDATA[Psychology of Money]]></category>
		<category><![CDATA[Rants about dumb people]]></category>
		<category><![CDATA[Videos]]></category>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/?p=7274</guid>
		<description><![CDATA[During the 2008 election, Senator Obama went to visit Marc Andreessen, the founder of Netscape, to discuss tech policy. Andreessen, never one to mince words, asked Obama, “How concerned should we be that you haven&#8217;t had meaningful experience as an executive — as a manager and leader of people?” Obama’s reply? “Watch how I run [...]<p><!--<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here's a sample of what I'll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss - where you'll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/>
- A full recording of my private webcast with Tim Ferriss - in case you can't make it...<br/>
- Earn1 Bonus Case Study - Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&utm_medium=feed&utm_campaign=earn1k-rss-ad&utm_content=rss-footer">Become a top performer now</a></p>
</div>-->
<!-- <a href="http://www.iwillteachyoutoberich.com/blog/mba-earn-more-money/">The 1-week MBA on earning more money</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>--></p>
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<p>During  the 2008 election, Senator Obama went to visit Marc Andreessen, the  founder of Netscape, to discuss tech policy. Andreessen, never one to  mince words, <a href="http://bravenewfilms.org/blog/?p=31340">asked</a> Obama, <em>“How concerned should we be that you haven&#8217;t had meaningful experience as an executive — as a manager and leader of people?”</em></p>
<p>Obama’s reply?</p>
<p>“Watch how I run my campaign — you&#8217;ll see my leadership skills in action.”</p>
<p>That is a powerful response. And like him or not, his campaign was executed masterfully.</p>
<p><em>“Watch me and see.” </em></p>
<p>My  goal is to give you the strategic and tactical advice to say that with  confidence &#8212; and then back it up. Say it when you’re starting a new  side business. Say it when you’re negotiating for a job. Say it when  you’re trying to pick up a new hobby.</p>
<p>In  fact, this is exactly what I said on the first day of this year.  Whenever you try something different that challenges people, you’ll get  trolls and whiners. So when I launched my 30-day course on hustling, the  common criticisms were: This is the same old stuff, you’re only doing  it to make money, this stuff doesn’t work, I don’t have time.</p>
<p>“Watch me and see,” I said.</p>
<p>30 days later, here are some of the incredible results that IWT readers have gotten:</p>
<blockquote><p><strong>$13,000 RAISE</strong><br />
“When  the interview panel asked about my education experience, I handed each  of them a copy, explaining that I wasn’t able to fit all my experience  on the previous resume. They were definitely impressed by the  preparation and foresight. <strong>I start next month earning $13,000 more a year</strong>! (Plus I used your techniques for not giving away my salary expectations.)” &#8211; Amy</p>
<p><strong>NO MORE PROCRASTINATION + $2,500</strong><br />
“In  the course of just a few weeks, I’ve essentially <strong>BEAT my  procrastination habit</strong>, which was slowly killing my freelance writing  career. I applied for and landed a new gig editing and writing for a  well known personality’s website. <strong>I earned about $2500 more</strong> (AMAZING!) than I usually do simply by accepting more assignments with the confidence that I could complete them.” &#8211; Tanya</p>
<p><strong>$10,000 PROMOTION</strong><br />
“<strong>In  the last month I have successfully negotiated a promotion that includes  a 6k raise, with an additional 1k each month for the next four months, </strong>and then a review to see if the 1k per month continues<strong>.</strong>” &#8211; Karen</p>
<p><strong>TRIPLED PROFIT</strong><br />
“Prior to taking the hustle course, I sold my hand made gnomes for $40 each (in December I sold 13 X$40 for a total of $520). <strong>Using  the info from the hustle course, I have sold 7 gnomes X $200 for a  total of $1400–nearly 3 times the profit for half the price.</strong>” &#8211; Karen</p>
<p><strong>Negotiated $1,500 in savings on a Ford F-350 Pickup</strong><br />
&#8220;I  did successfully help a friend save more than $1,500. I started by just  offering general money saving advice to a number of people, but that  was not well received. A person who doesn’t even need the money–took my  advice (and the free copy of IWTYTBR) and used it to <strong>negotiate an  additional savings of about $1,500 on an Ford F-350 pickup</strong>.&#8221; &#8211; Wayne</p></blockquote>
<p>You can see more results <a href="http://www.iwillteachyoutoberich.com/blog/getting-paid-to-hustle/">here</a>, <a href="http://www.iwillteachyoutoberich.com/blog/negotiate-salary-examples/">here</a>, <a href="http://www.iwillteachyoutoberich.com/blog/testing-optimization-bars/">here</a>, and <a href="http://www.iwillteachyoutoberich.com/blog/ace-tough-job-interviews/">here</a>.</p>
<p>Now I want to show you what I was doing behind the scenes.</p>
<h3>A 30-day hustling challenge: Why?</h3>
<p>I started off with several bombastic promises for the course:</p>
<ul>
<li>You’ll get more done in 30 days than you accomplished in all of last year</li>
<li>You’ll be able to save hundreds or even thousands of dollars</li>
<li>You’ll be able to get disproportionate results, or extraordinary outcomes that are disproportionate with the amount of work you put in.</li>
</ul>
<p>Here’s why:</p>
<p><strong>Most people have become comfortable with mediocrity. </strong></p>
<p style="padding-left: 30px;">For  many of us, the people around us rarely challenge us. For example, it’s  almost taboo to call someone out for bullshitting their way through yet  another excuse. Instead, we allow ourselves to use the same old tired  cliches: “I don’t have enough time to do that,” “I could never get X  results,” “I didn’t go to X university / I don’t have Y,000 blog readers  / I don’t live in Z city.”</p>
<p style="padding-left: 30px;">Interestingly, when I call out loser commenters on this site &#8212; respectfully but firmly &#8212; they love it. Few people around us have the honesty to tell us we’re simply making excuses for things we could do.</p>
<p style="padding-left: 30px;">And so I wanted to show you that with a week’s work with the right guidance, you could accomplish more than in an entire year.</p>
<p><strong>Guidance matters. </strong></p>
<p style="padding-left: 30px;">I  got 2 months’ of results from 2 months of working out with a personal  trainer. I learned more from a conversation with a master copywriter  than from 4 months of reading books. And in this course, I showed you  tested methods to change your behavior, including experts like <a href="http://www.iwillteachyoutoberich.com/blog/bj-fogg-interview-persuasion-psychology/">BJ Fogg</a>, <a href="http://www.iwillteachyoutoberich.com/blog/derek-sivers-the-22-million-dollar-man/">Derek Sivers</a>, and <a href="http://www.iwillteachyoutoberich.com/blog/tim-ferriss-interview-testing/">Tim Ferriss</a>.   Telling yourself to “try harder” is not enough. Telling yourself you  could get the information for free “if you really wanted” is delusional.  Trusted guidance matters.</p>
<p><strong><br />
I’m well aware that the surrounding market is sleazy.<br />
</strong></p>
<p style="padding-left: 30px;">The  name “I Will Teach You To Be Rich.” A course on earning more money. If  you were to stumble on this site, what would you think first? Scam, of  course.</p>
<p style="padding-left: 30px;">I  work in one of the most difficult markets of all: money. Where there’s  lots of money to be made, there are scammers. There are schemes. And  there are a few legitimate people who offer incredible value.</p>
<p style="padding-left: 30px;">That’s  why I have to prove that my material works &#8212; to separate myself. And  proof doesn’t come from me saying it works, it comes from you actually  getting results on your own.</p>
<p style="padding-left: 30px;">Yes,  there are other background factors that enhance credibility &#8212; like the  fact that I have a book, or went to X college, or have 300,000+  readers/month &#8212; but there is nothing as persuasive as you getting results.</p>
<p style="padding-left: 30px;">But if we’re speaking frankly, most of the material on earning money is pure sleaze. In fact, go search for [<a href="http://www.google.com/search?sourceid=chrome&amp;ie=UTF-8&amp;q=earn+more+money">earn more money</a>] to see what I mean. Compare any of that &#8212; free or paid &#8212; to the material you’ve read here.</p>
<p style="padding-left: 30px;">My  goal is make my free content more valuable than anything else out  there. Which means that my premium content is of a quality level that  most people have never seen before. Here’s what one of my readers sent  me:</p>
<blockquote>
<p style="padding-left: 30px;">“I really like where you are heading.<strong> Your free material is better than what I paid for in college</strong>.  You should have a &#8220;Ramit in lieu of college&#8221; course, because your info  is much more applicable to the actual world.” &#8211; Wayne Patton</p>
</blockquote>
<p style="padding-left: 30px;">I  hope I can continue to do that for you, because I know that in a world  filled with “Top 10” lists and linkbait junk, true quality is rare &#8212;  and when I spend time investing in you and you get results, you’ll keep coming back&#8230;and one day explore some of my premium offerings.</p>
<p><strong>Skepticism is not a strategy.</strong></p>
<p style="padding-left: 30px;">I  spoke to one of my top Earn1k students last week &#8212; she earned over  $80,000 in 8 weeks &#8212; and she was talking about how much her entire  viewpoint has changed. Once you realize that you can control your  situation &#8212; how much you earn, how much you work, where you live, etc  &#8212; it’s amazing to look back at ourselves a few years ago&#8230;when we were  skeptical and disbelieving that any of this could work.</p>
<p style="padding-left: 30px;">Skeptics  always have an excuse because it’s easier to be skeptical than to take  the risk of trying something and possibly failing. Skeptics use  codewords &#8212; much like racists do &#8212; to mask their fear and loathing of  something different. For example, they’ll say they don’t have enough  time (when everyone has the same 24 hours per day). They’ll complain  about having “already tried that,” but when you dig in and ask them what  they actually tried, they’ll demur.</p>
<p style="padding-left: 30px;">There’s  nothing I hate more than vocal skeptics &#8212; not only because they cheat  themselves out of their own potential, but because they convince others  that they can’t do it, either.</p>
<p style="padding-left: 30px;">As Seth Godin <a href="http://sethgodin.typepad.com/seths_blog/2011/01/cashing-the-check.html">said</a>,</p>
<blockquote>
<p style="padding-left: 30px;">“A check in your wallet does you very little good. It represents opportunity, sure, but not action.</p>
<p style="padding-left: 30px;">Most  of us are carrying around a check, an opportunity to make an impact, to  do the work we&#8217;re capable of, to ship the art that would make a  difference.</p>
<p style="padding-left: 30px;">No,  the world isn&#8217;t fair, and most people don&#8217;t get all the chances they  deserve. There are barriers due to income, to race, to social standing  and to education, and they are inexcusable and must fall. But the check  remains, now more than ever. The opportunity to step up and to fail (and  then to fail again, and to fail again) and to continue failing until we  succeed is greater now than it has ever been.”</p>
</blockquote>
<p><strong>I write for the As, Bs, and Cs &#8212; but I systematically ignore one of them.</strong></p>
<p style="padding-left: 30px;">Imagine  the world has As, Bs, and Cs in any field. In this one, the As are  already managing their money, they’ve read my book (and others), and  they’re earning as much as they need to lead the lifestyle they choose. They’re already doing it.</p>
<p style="padding-left: 30px;">The  Bs are the greatest in number. They have the potential to do something  great, but for whatever reason &#8212; like actual barriers, self-imposed  barriers, or external responsibilities &#8212; they  haven’t achieved what  their potential first. <em>They can be reached if you communicate to them in the right way.</em></p>
<p style="padding-left: 30px;">The  Cs are a lost cause. Sure, they might be salvageable to help, but  that’s not something I’m interested in or capable of. This enrages  certain people who believe that we should help everyone, but I live in  the world of practicality, not utopia. If I have the chance to help an A  become an A+ in 3 months, or a C become a B- in 3 years, who am I going  to choose? There are other people who make it their life’s work to work  with Cs, but it’s not me.</p>
<p style="padding-left: 30px;">And  so this is also applicable for you. When I teach negotiation, or  interviewing, or automation, or even earning more money, I teach you how  to focus on the right level of analysis for you. It’s ok not to please everyone. I’d rather spend my time hyper-focused on exactly your needs than try to serve everyone.</p>
<p><strong>I’m separating out the people for the next step.</strong></p>
<p style="padding-left: 30px;">The first step was hustling. We covered how to <a href="http://www.iwillteachyoutoberich.com/blog/ace-tough-job-interviews/">use automated scripts</a> to live anywhere, quit your job, or get promoted.</p>
<p style="padding-left: 30px;">Then we covered the <a href="http://www.iwillteachyoutoberich.com/blog/testing-optimization-bars/">psychological techniques</a> from the worlds of social influence and persuasion to dominate your goals.</p>
<p style="padding-left: 30px;">Next, I showed you how to <a href="http://www.iwillteachyoutoberich.com/blog/negotiate-salary-examples/">negotiate better than 99% of people</a> to get higher hourly rates, meetings with top executives, and how to convince people to pay you for your valuable services.</p>
<p style="padding-left: 30px;">And finally, I showed you <a href="http://www.iwillteachyoutoberich.com/blog/how-to-stand-out/">the fundamental differences</a> between people who win and people who dream, and the characteristics of both.</p>
<p>Now I’m turning the entire hustling series on its head to show you how to take your new skills&#8230;and get paid for them.</p>
<p>For  the last 30 days, every post on this site has had a box to join a free  Earn1k Insider’s List. While this is the last public post on the 30-day  hustling course, I have an entire week of new material for the people  who took action and signed up.</p>
<p>Even  with tens of thousands of new people who signed up, it’s still  incredible how few people (relatively) take even the smallest step to  sign up for something where they’ll get more free material. It goes to  show you how low the bar is for taking action &#8212; and why people who take  action get disproportionate rewards.</p>
<h3>The Invisible Scripts &#8212; What’s stopping you from the next step?</h3>
<p>Last week I asked you “What do you want more of?” But inside that survey I snuck in a question: “What do you worry about?”.</p>
<p>Do any of these sound familiar?</p>
<blockquote><p>&#8220;I worry about <strong>spending too much time doing the wrong things</strong>.&#8221; &#8211; Justin</p>
<p>&#8220;I worry about <strong>being ordinary</strong> when I see others doing so well for themselves with the actions and risks that they have taken.&#8221;  &#8211; Erik</p>
<p>&#8220;I worry about <strong>not having big enough ideas</strong>, or not knowing enough people.&#8221; &#8211; Erica</p>
<p>&#8220;I worry about <strong>wasting all my time reading your site and like minded sites and not taking action</strong>, missing out on a great deal of reward. I just don&#8217;t think my ideas are good enough and that I have the determination to carry them through. I&#8217;m very good at starting things, not so great at finishing.&#8221; &#8211; Phil</p>
<p>&#8220;I worry that about <strong>not having enough savings to launch a business</strong>. I worry about not having enough skill to make money on the side. I worry about not being able to connect with the right people to make money.&#8221; &#8211; Wade</p>
<p>&#8220;I worry <strong>that I will be stuck in my current low paying and dead end position</strong> because I do not know how to tackle applying for and landing better jobs.&#8221; &#8211; Julie</p></blockquote>
<p>This  month has been all about giving you baby steps to show you that  hustling works. Negotiation works. Your own barriers can be overcome  (relatively easily) to get you disproportionate rewards.</p>
<p>You can get big results with small actions.</p>
<p>You can leave your job within 6 months and work for yourself (or travel). Not all of you, but many of you.</p>
<p>You can control how many hours you work, how much you make, and where you live.</p>
<p>So in the survey, I also asked this:</p>
<p style="text-align: center;"><img class="aligncenter" src="https://lh6.googleusercontent.com/le2oIEHj_boYcA64XZeQv1QQUJ2PmsKXxIM7UUAaJUsqa81_fOxoGDEgnCuE1-pSXzOWSfaPGRnT2-KcbjjbmZD1k4F9nfRu76DkQ1KjBFYw3I4FLddItYKSKJP82WE" alt="" width="450" height="281" /></p>
<p>Based  on those responses, I’ve put together a 1-week MBA on hustling &#8212; going  step-by-step to find the right idea to start earning money on the side.  This starts on Sunday.</p>
<p>In  private, I’ll include far more detailed material than the stuff you’ve  read so far. For example, in a webcast, I’ll show you not only what to  say, but <em>how to say it </em>&#8211; and then I’ll do live teardowns of negotiation tactics.</p>
<p>Here’s some of what I’ll be releasing next week on the Insider’s List only:</p>
<ul>
<li>A 3-step process you can follow to find your first profitable idea and start getting paid right now</li>
<li>Live webcasts, including The Psychology of Mind Reading: How to Get Deep Inside People’s Heads</li>
<li>Case studies on how some of my students &#8212; just regular people &#8212;  earned tremendous amounts of money and have quit their job, traveled, or  simply stuffed their bank accounts</li>
</ul>
<p>With the free material you’ve seen so far, my goal was to get you to accomplish more than you accomplished all of last year.</p>
<p>With this Insider’s List, I’m stepping it up: My goal is to make this one week worth more than the average MBA.</p>
<p>And after a week of that material, which is still free&#8230;</p>
<h3>Earn1k 2.0 launches</h3>
<p>Earn1k 2.0 is the culmination of the work I’ve been doing on hustling, earning more, and psychology over the last two years.</p>
<p>Personally,  I don’t really care about the dollar value in my bank account &#8212; but  it’s a fairly accurate marker of whether you’re doing something valuable  or not.</p>
<p>That’s  why I teach my students how to earn $1,000 on the side first &#8212; then  $1,000/month &#8212; then $2,000, or $5,000, or $10,000/month.</p>
<p>Some of them want to work more to earn more. Others want to work less and are more than satisfied with a few extra thousand dollars every month.</p>
<p>Some of them quit their jobs, never to set foot in a 9-to-5 office again.</p>
<p>But it’s not for everyone.</p>
<p>By  definition, the people who haven’t taken 8 seconds to sign up for the  Insider’s List will not be invited to join Earn1k. That’s because I’m  not publicly releasing it this time. I’m just opening it up to people  who have raised their hands and asked to take it to the next level.</p>
<p>It’s not for people with credit-card debt.</p>
<p>It’s not for people who are still stuck on basic questions like “How do you stay motivated?”</p>
<p>It’s  a little ridiculous to tell people who Earn1k is NOT for, but I also  feel confident enough to choose my customers since I’ve helped hundreds  and hundreds of students get results.</p>
<p>Here are a few Earn1k students telling their story:</p>
<p><center><iframe title="YouTube video player" width="450" height="283" src="http://www.youtube.com/embed/ZQmwR3-UjEw" frameborder="0" allowfullscreen></iframe></center><br />
<br /><br />
You can join the Insider’s List here: <a href="http://forms.aweber.com/form/06/468847606.htm">Earn1K insider list sign up form</a></p>
<h3>Sneak peek at next week</h3>
<p>This is a simple overview of what’s coming next week. You’ll see far more detail starting Sunday.</p>
<p><strong>Step 1: Start with your goals</strong></p>
<p>Too many people jump into the tips/tactics without understanding why they’re doing what they’re doing.</p>
<p>It’s  better to do something WRONG than to do nothing at all. But if you can  spend a little time planning — and still continue executing — you can  save hundreds of hours of missteps.  Starting with your goals helps  point you in the right direction for getting started.</p>
<p>For example:</p>
<p style="padding-left: 30px;"><strong>“I just want more money” </strong>-  Let’s say you simply want to earn an extra $1,000/month because you  want to pay down student loans. Great! Your first goal, then, is to  generate income. As a simple rule of thumb, figure out the most  profitable market that matches your skills and pursue it relentlessly.</p>
<p style="padding-left: 30px;"><strong>“I am passionate about painting”</strong> &#8211; Conversely, if your passionate about painting, you wouldn’t want to,  say, start a freelance business helping with marketing and sales.  You  already know you want to earn income painting, so spend your time  researching different services you can offer to create paintings that  people will pay for, like re-designing an entire room of your customers  house to fit the painting.</p>
<p><strong>Remember:</strong> Start with your goals and follow up with the tactics.</p>
<p><strong>Step 2: Match your skills to earning money on the side </strong></p>
<p>This  is a simplified process to turn your skills into side income. Next week  during the private course, I’ll get into it in extreme detail. But I  encourage you to try these principles with your skills.</p>
<p><a href="http://www.iwillteachyoutoberich.com/blog/earn-more-money-turn-skills-into-income/">I’ve written about this in detail</a>, but just take it one step at a time.</p>
<ol>
<li><strong>What industry are you in?</strong> Oh, finance? Ok, you probably don’t want to be a freelance investment  banker. But..hmm….you spend all day doing analyses. How can you use  that? Example: Excel is a breeze to you. Maybe there are people (like  me) who HATE Excel yet need detailed analyses for their business. Could  you build models for other people?</li>
<li><strong>Identify your skills and interests</strong> — then think more broadly. People want to pay you money to solve their problems.  Are you great at writing press releases? (I’d pay for that.) Are you  fluent in Chinese? Boom, I’d instantly be a tutor for Chinese kids since  their parents will love/trust someone who speaks Chinese — even when  tutoring their kids for any subject.</li>
<li><strong>If you don’t have any marketable skills, there are still options.</strong> <a href="http://www.etsy.com/"> Etsy</a> is a perfect example of people making great side income — and many  of them don’t have any skills that would commonly be considered  “valuable.” Yet they do well selling niche products to a niche audience.  If you aren’t some professional with software-engineering skills or  online-marketing experience, that’s okay.</li>
</ol>
<p><strong>Remember:</strong> People pay for solutions, not your skills.</p>
<p>For example, last year I did a webcast where I was suggesting ways for people to<a href="http://www.iwillteachyoutoberich.com/blog/case-study-earn-more-letterpress/"> earn money on the side</a>,  and I mentioned that I hate cooking, am not good at it, and would love  it if someone cooked for me. I got an email later that night from Andrew  who said, “Ramit, I can help. I can teach you everything you need to  know over one weekend, and you’ll know 3-5 great dishes to cook.” I  appreciated the offer, but wrote back, “Thanks for the offer! But you  don’t understand. I don’t want to learn — I want someone to do it for me.”  He ended up sending me another proposal and 2 weeks later I started  paying him over $1,000/month to prepare all my meals (Read the detailed  case study on how he did it here: <a href="http://earn1k.com/preview/implementation-matters/">from $0 to $1,500 in 2 weeks</a>.)</p>
<p>Again: People have problems. They want solutions. They don’t care what you’re “interested” in.</p>
<p><strong>Step 3: Identify skills that people will pay for</strong></p>
<p>Start  by thinking of how your skills can solve other people’s problems right  now.  Write down the top three skills you have that can solve other  people’s real problems today.</p>
<p>Now, which one of those is most likely going to actually pay you for your services?</p>
<p>&#8220;Niche it Down&#8221; to target your market.</p>
<p>You’ve  probably heard this a million times, but note that this is a critical  piece in selling your skills as a service, and one that many people skip  for the latest SEO tactic because tactics are easier to chase.</p>
<p><strong>The first question:</strong> Who are you targeting?</p>
<p>Most people will say: &#8220;Anyone interested in using social media for their business.&#8221; Or, &#8220;Uh&#8230; people with terrible websites!”</p>
<p>Wrong. It’s nearly impossible to reach everyone and anyone, being specific is key.</p>
<p>Let’s  say you need a website for your carpet cleaning business. Who are you  going to hire to handle that for you? Acme Graphic Design and Web  Development, where they build websites for giant corporations and  commercial industry? Or Jack’s small business web design, which targets  only local small businesses looking for a simple setup?</p>
<p>Of course you’d choose Jack&#8230; and you’d pay more, too.</p>
<p><strong>Remember:</strong> the more specific you are, the more you can charge.</p>
<p>During  the bonus week I will be walking you through step-by-step how to go  even deeper and identify skills people will pay for with 2 more advanced  frameworks.</p>
<p><strong>Step 4: Join my private bonus week to start getting paid to hustle. </strong></p>
<p>I’m  going even deeper into this concept during the bonus week to help you  find your first profitable idea and start earning money on the side.</p>
<p>Enter your info below to join the list and start getting paid.  I’ll see you inside next week:</p>
<p><center><script type="text/javascript" src="http://forms.aweber.com/form/73/529566773.js"></script></center></p>
<p><center>(Can’t see the above form?  <a href="http://forms.aweber.com/form/06/468847606.htm">Click here</a>.)</center></p>
<p>I’m  closing the list down on Sunday at 3pm Eastern (2/6) before the private  week begins, so sign up now if you’re ready to start getting paid for  hustling.</p>
<p>And that’s it. Thanks for reading the 30-day series on hustling. It’s been a pleasure.
<p><!--
<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here&#8217;s a sample of what I&#8217;ll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss &#8211; where you&#8217;ll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/><br />
- A full recording of my private webcast with Tim Ferriss &#8211; in case you can&#8217;t make it&#8230;<br/><br />
- Earn1 Bonus Case Study &#8211; Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&#038;utm_medium=feed&#038;utm_campaign=earn1k-rss-ad&#038;utm_content=rss-footer">Become a top performer now</a></p>
</div>
<p>&#8211;></p>
<p><!-- <a href="http://www.iwillteachyoutoberich.com/blog/mba-earn-more-money/">The 1-week MBA on earning more money</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>&#8211;></p>
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		<title>The $22 Million-Dollar Man</title>
		<link>http://www.iwillteachyoutoberich.com/blog/derek-sivers-the-22-million-dollar-man/</link>
		<comments>http://www.iwillteachyoutoberich.com/blog/derek-sivers-the-22-million-dollar-man/#comments</comments>
		<pubDate>Thu, 27 Jan 2011 17:19:17 +0000</pubDate>
		<dc:creator>Ramit Sethi</dc:creator>
				<category><![CDATA[Case studies]]></category>
		<category><![CDATA[Earning more]]></category>
		<category><![CDATA[How to negotiate]]></category>
		<category><![CDATA[Hustling]]></category>
		<category><![CDATA[Investor psychology]]></category>
		<category><![CDATA[Negotiation]]></category>
		<category><![CDATA[Popular Posts]]></category>
		<category><![CDATA[Psychology of Money]]></category>
		<category><![CDATA[Rants about dumb people]]></category>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/?p=7236</guid>
		<description><![CDATA[In this week’s challenge of my 30-day hustling course, I asked you to negotiate one thing before Wednesday night.  We got some interesting results&#8230; &#8230;because hardly anyone even tried it! Compare that to week 1, I asked you to identify one positive script and automate it into your life. I got over 300 terrific comments. [...]<p><!--<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here's a sample of what I'll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss - where you'll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/>
- A full recording of my private webcast with Tim Ferriss - in case you can't make it...<br/>
- Earn1 Bonus Case Study - Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&utm_medium=feed&utm_campaign=earn1k-rss-ad&utm_content=rss-footer">Become a top performer now</a></p>
</div>-->
<!-- <a href="http://www.iwillteachyoutoberich.com/blog/derek-sivers-the-22-million-dollar-man/">The $22 Million-Dollar Man</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>--></p>
]]></description>
			<content:encoded><![CDATA[</p>
<p id="internal-source-marker_0.5155569866900284">In this week’s challenge of my 30-day hustling course, I asked you to negotiate one thing before Wednesday night.  We got some interesting results&#8230;</p>
<p>&#8230;because hardly anyone even tried it!</p>
<p>Compare that to week 1, I asked you to identify one positive script and automate it into your life. I got<a href="../blog/ace-tough-job-interviews/#comments"> over 300 terrific comments</a>.</p>
<p>Why? Because it’s easy, you can sit safely in your house, write down a script, and find a way to automate it.</p>
<p>In week 2, I showed you the powerful strategy of taking people out to coffee and asked you to do it within 48 hours. <a href="../blog/testing-optimization-bars/#comments">Over 200 people</a> shared their stories about taking people out to lunch/coffee &#8212; with some incredible results on the spot.</p>
<p>Still,  like an Asian mother, I’m never satisfied. From 300 to 200 is a  considerable drop &#8212; because it’s easy to sit in your room and be an  internet warrior, but it actually takes effort to GET OUT OF YOUR ROOM  and negotiate something.</p>
<p>This week, when I asked you to negotiate something, there were <a href="../blog/negotiate-salary-examples/#comments">less than 100 comments</a>.</p>
<p>Keep in mind that over 100,000 people read this post.</p>
<p>Which leads me to the overall point this week.</p>
<h3>The 1 tool every good negotiator needs to dominate</h3>
<p>&#8230;is experience.</p>
<p>I  can show you every negotiation tool known to mankind and analyze script  after script &#8212; but the only thing that’s going to help you get what  you want, is <strong>actually doing it</strong>.</p>
<p>This is the same as parenting or having a relationship partner (I&#8217;m not being more specific than that since my mom reads this blog.)</p>
<p>It’s  comforting to sit back and read my negotiation scripts. It’s fun to  watch me do role-play negotiations on camera. You feel like you&#8217;re learning.</p>
<p>But until you test it in the real world, it&#8217;s pointless. As Mike Tyson said, &#8220;Everybody has a plan until they get punched in the mouth.&#8221;</p>
<p>In fact, there’s something different about the small number of people I help with  negotiation coaching &#8212; people who average $10,000 when they negotiate  for a new job, and over $5,000 when negotiating for a raise.</p>
<p>The difference is that they take what I teach them&#8230;and apply it.</p>
<p>That’s  why my challenge this week was so simple: Just try negotiating. Do it  over the phone. Do it in person at your farmers’ market. Learn to  practice it as something you do in your life &#8212; a mindset &#8211; not just  something you do once a year at your performance review.</p>
<p>Script it out, define what you’re looking to achieve, and give it a shot. You will fail &#8212; but you know to use <a href="../blog/turn-failure-to-domination-stanford-admission/">Failure Expectation</a> to expect and plan for it.</p>
<p>Like  the winner this week, Alex, who negotiated 2 days/week of working from  home so he can spend more time with his wife and 1-year-old daughter. I included my notes, too.</p>
<p><strong>Alex’s winning negotiation script to work from home 2 days per week:</strong></p>
<blockquote><p>WEEK 3 RESULTS</p>
<p>“<strong>The  short story – today I negotiated a work-from-home arrangement for 2  days per week from my full-time job, with no end date. My commute is 3  hours roundtrip per day, so this saves me 6 hours per week, which I can  now spend with my wife and 1yr old daughter.</strong> Totally liberating, although it still hasn’t really hit me. Thanks to  Ramit for the tips which helped me succeed at this. (and also to Tim  Ferriss, I re-read the script in ‘Disappearing Act’ of 4HWW too)</p>
<p>The details –<br />
I  work at a large TBTF bank, managing a team of software developers. It’s  review season, and I got my annual compensation communication last  week, but by phone since I was on vacation. I was disappointed with the  compensation (2% increase total from last year, despite ranking pretty  well at 4 of 5). My goal: negotiate an increase in my “total  compensation”. By the way, I know from research that I make a fair  amount more than others in similar jobs, and my job is kinda cool, so  I’m not really ready to run out the door.</p>
<p>[<strong>RAMIT’S NOTE: </strong>Notice the amount of preparation Alex has put into his negotiation and  the specificity of his goal. 85% of the work is done before you ever  step foot in a room to interview or negotiate.]</p>
<p>Script -<br />
Me:  As I mentioned last week, I’m disappointed in my compensation this  year, considering I performed well, and the bank did fairly well. [went  through percentages last year, this year]. It would be one thing if I  underperformed, but what really bothers me is the disconnect between  performance and pay.<br />
Boss: [checked my percentages, generally nodded, explained about bank performance and 'the way it works']<br />
Me:  This disconnect has really made my start to dislike my job. I felt this  way last year, and hoped it would get better, but it hasn’t.</p>
<p>[<strong>RAMIT’S NOTE: </strong>He’s expressing disappointment, not anger, and leading the conversation  where he wants it to go. Predictably, the boss responds with a...]</p>
<p>Boss [look of concern]<br />
Me:  HOWEVER, I also understand your predicament. You have a lot of great  performers which you’d like to pay well, but you are at the mercy of  pre-determined money pools, and a company whose overall performance is  out of your control, at the whim of markets and economies.<br />
Boss [profuse nodding, almost smiling]</p>
<p>[<strong>RAMIT’S NOTE: </strong>What Alex just did was extremely sophisticated. He expressed  disappointment, then re-framed the conversation to empathize with the  boss’s situation. Notice how deeply he gets in his boss’s head -- he’s  literally using the eaxct words his boss would use to describe his  corporate shackles. When you are deeply in someone else’s head, you will  see them irresistibly respond with nods, words like “EXACTLY,” and so  on. And you are being ethical as you are simply describing their own  situation, perhaps better than they could even articulate it. Alex is  doing a masterful job.]</p>
<p>Me: So I’ve been thinking of ways out of this stalemate which don’t involve me leaving the company.<br />
Boss: Oh well that is good, what are you thinking</p>
<p>[<strong>RAMIT’S NOTE: </strong>This is the turning point in the conversation: The boss just  essentially invited Alex to write his own ticket. But notice that it  took weeks of thinking and planning to get to this point.]</p>
<p>Me:  I’d like to propose working from home a few days a week on a regular  basis. I am much more productive working from home, and the saved  commute time would allow me to put in more hours without sacrificing  work-life-balance. I could increase my performance, and also be happier  with less commute, so it’s win-win. Of course I’d be in the office for  meetings requiring my physical presence, and always available on cell.<br />
Boss: Well that sounds ok, you don’t have to sell it to me. But how many days were you thinking?</p>
<p>[<strong>RAMIT’S NOTE:</strong> “You don’t have to sell it to me.” That’s because he already  successfully sold it with his research, top performance, and  understanding of the situation. Negotiations don’t have to be a hard  sell, which is precisely what Alex is demonstrating. The boss actually  WANTS to give Alex his demands!]</p>
<p>Me: 3 days per week<br />
Boss: That sounds like a little much, I’d feel much better about 2 days, which is less than half the time.<br />
Me: Ok I think I can do 2 days.</p>
<p>[<strong>RAMIT’S NOTE</strong>: Classic <a href="http://en.wikipedia.org/wiki/Door-in-the-face_technique">door-in-the-face technique</a>.]</p>
<p>Boss: Ok good, let’s talk some more about your compensation numbers<br />
Me: [blah blah not listening, huge grin on INSIDE, I can't believe he went for it]</p>
<p>Tactics I used:<br />
- Reviewed scripts of other similar situations, and picked key words to reuse<br />
- Wrote out a loose script in advance<br />
- Decided increasing pay was a non-starter at this point, so went for something else (tele-commuting)<br />
- Decided 2 days would be great, so asked for 3 so I had something to give back<br />
-  Decided NOT to use the phrase “on a trial basis” on my wife’s  recommendation, but instead keep it in my pocket. this was a good idea  since I didn’t need it.<br />
- Made a soft threat to quit to make the alternative seem less severe<br />
- Showed I understand his side, and played to his desire to have happy employees and compensate them<br />
- Practiced! I found a conference room 1 hour before to write my script and said it a few times out loud<br />
-  Timeboxing – I didn’t have a lot of time to work on this – total prep  was 2 hours (15 mins at home night before, 45 mins on bus reading 4HWW  &amp; this post, 1 hour at office writing script &amp; practicing). This  made me focus, especially in that final hour</p>
<p>Results, and why it’s good –<br />
–  even though it wasn’t dollars, 6 hours of my life back is worth a lot.  also gives lots of flexibility to shift hours around. I increased my  total compensation. actually it saves me $30 on commute per week also<br />
-  while I worked from home 2-3 times per month previously, a regular  arrangement is unheard of, and 2 days/wk is absolutely crazy. Can’t  believe I didn’t ask earlier.”</p></blockquote>
<p>A superb job by Alex. See the [RAMIT’S NOTES] to see behind the obvious and to analyze what’s really going on.</p>
<p>Congratulations,  Alex. My assistant will be contacting you to send you either $200 of  negotiation books or a 15-minute call with me to strategize your next  negotiation.</p>
<p>What  you’ll notice is that Alex has internalized a negotiation mindset. It’s  not just a series of unrelated tactics for him, but part of a holistic  mindset of negotiation as a lifestyle.</p>
<p>To get that mindset,  let’s go deeper.</p>
<h3>The $22 Million-Dollar Man</h3>
<p>I have a treat for you.</p>
<p><a rel="attachment wp-att-7237" href="http://www.iwillteachyoutoberich.com/blog/derek-sivers-the-22-million-dollar-man/dereksivers-250x250/"><img class="alignnone size-full wp-image-7237" title="DerekSivers-250x250" src="http://iwt.wpengine.netdna-cdn.com/wp-content/uploads/2011/01/DerekSivers-250x250.jpg" alt="" width="175" height="175" /></a></p>
<p>This is my friend Derek Sivers, who runs one of the best <a href="http://sivers.org/blog">blogs</a> online. He founded CD Baby, the largest seller of independent music on  the Web, drove it over $100 million in sales, automated himself out of  day-to-day operations, and then sold it to focus on helping musicians.</p>
<p>I  asked him to join me on a call to share his best techniques in areas  like business, motivation, accelerated learning, marketing, and finding  your passion. My favorite part is how he combines WHAT he did with WHY.</p>
<p>It was a fascinating call: <strong>The $22 Million-Dollar Man: The Psychology of Disproportionate Results.</strong></p>
<p>You  don’t meet deep thinkers like Derek outside of academia much. And I  carefully crafted our call to get Derek’s best stories for you.</p>
<p>You’ll learn:</p>
<ul>
<li>How he “accidentally” started a company&#8230;then automated himself out of the way</li>
<li>When he knew it was time to go</li>
<li>How much he sold his company for &#8212; and what he did with the money</li>
<li>The $100,000 principle that leads to a rich life</li>
<li>What he spends lots of money on&#8230;and waht he doesn’t care about</li>
<li>Disproportionate results: The key lesson he learned to graduate college in only 2 years</li>
<li>Disproportionate results: How he toured with a top musician</li>
<li>Using the Initiative Principle to stand out from others</li>
<li>How to become really smart in one area in 10-15 hours of focused work</li>
<li>How to find your passion</li>
<li>High-value vs. low-value activities</li>
</ul>
<p>I’ve put together the full 1-hour recording for you, along with a transcript.</p>
<p>This is free to readers of “I Will Teach You To Be Rich” — but if you find it useful, all I ask is two things.</p>
<p><strong>1. Treat this recording like something you spent $1,000 on. </strong> Use it. Implement it. Don’t just listen to it and then move on with  your life. It’s rare that you ge the opportunity to hear in-depth  interviews with people who have achieved success &#8212; when they’re brutally honest about what works and what doesn’t.</p>
<p><strong>2. Share it with 3 friends who want to improve themselves.</strong> Every one of us has friends who say, “I just haven’t found my passion  yet!” This is the perfect answer for them, but they’ll have to invest  something. In this case, it’s not money, but 1 hour of their time. If  they’re serious about changing, they will. If they’re not &#8212; if they  just want to complain but do nothing &#8212; they won’t. But at least give  them the opportunity.</p>
<p>You can get the recording of Derek Sivers and me, Ramit Sethi, here:<br />
<center><script type="text/javascript" src="http://forms.aweber.com/form/42/1446214042.js"></script></center></p>
<p id="internal-source-marker_0.5155569866900284" style="text-align: center;">(Can’t see the form?<a href="http://www.iwillteachyoutoberich.com/hustle/week3/"> Click here to sign up</a>.)</p>
<p><!--
<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here&#8217;s a sample of what I&#8217;ll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss &#8211; where you&#8217;ll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/><br />
- A full recording of my private webcast with Tim Ferriss &#8211; in case you can&#8217;t make it&#8230;<br/><br />
- Earn1 Bonus Case Study &#8211; Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&#038;utm_medium=feed&#038;utm_campaign=earn1k-rss-ad&#038;utm_content=rss-footer">Become a top performer now</a></p>
</div>
<p>&#8211;></p>
<p><!-- <a href="http://www.iwillteachyoutoberich.com/blog/derek-sivers-the-22-million-dollar-man/">The $22 Million-Dollar Man</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>&#8211;></p>
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		<slash:comments>29</slash:comments>
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		<title>How to strategically evoke cognitive dissonance</title>
		<link>http://www.iwillteachyoutoberich.com/blog/how-to-strategically-evoke-cognitive-dissonance/</link>
		<comments>http://www.iwillteachyoutoberich.com/blog/how-to-strategically-evoke-cognitive-dissonance/#comments</comments>
		<pubDate>Thu, 28 Oct 2010 13:29:59 +0000</pubDate>
		<dc:creator>Ramit Sethi</dc:creator>
				<category><![CDATA[Psychology of Money]]></category>
		<category><![CDATA[Rants about dumb people]]></category>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/?p=6254</guid>
		<description><![CDATA[If you complain about Wall Street&#8217;s fat-cat greed, can you tell me what fees you&#8217;re paying on your investment funds? If you complain about taxes, which tax-advantaged accounts do you use? If you think that other people &#8220;waste&#8221; money on $200 jeans, $400 shoes, or $600 phones, what would you say if I told you [...]<p><!--<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here's a sample of what I'll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss - where you'll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/>
- A full recording of my private webcast with Tim Ferriss - in case you can't make it...<br/>
- Earn1 Bonus Case Study - Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&utm_medium=feed&utm_campaign=earn1k-rss-ad&utm_content=rss-footer">Become a top performer now</a></p>
</div>-->
<!-- <a href="http://www.iwillteachyoutoberich.com/blog/how-to-strategically-evoke-cognitive-dissonance/">How to strategically evoke cognitive dissonance</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>--></p>
]]></description>
			<content:encoded><![CDATA[</p>
<p>If you complain about Wall Street&#8217;s fat-cat greed, can you tell me what fees you&#8217;re paying on your investment funds?</p>
<p>If you complain about taxes, which tax-advantaged accounts do you use? </p>
<p>If you think that other people &#8220;waste&#8221; money on $200 jeans, $400 shoes, or $600 phones, what would you say if I told you that with a 10-minute review of your spending and a 20-minute phone call, I could show you how 20% of your discretionary spending is &#8220;wasting&#8221; money&#8221;?</p>
<p>Food for thought.</p>
<p>&#8212;<br />
<strong>Learn psychology</strong>. Check out hundreds of psychology links I&#8217;ve personally annotated in my <a href="http://www.delicious.com/ramitsethi/psychology">psychology bookmarks</a>. Also, if you start thinking you know everything about psychology, read <a href="http://twitter.com/#!/ramit/status/27851148877">this</a>.</p>
<p><strong>What&#8217;s the best $20 you&#8217;ve ever spent?</strong> I partnered with my friends at AARP&#8217;s new website, Lifetuner, to launch a contest about this very question: &#8220;What&#8217;s the best $20 you&#8217;ve ever spent?&#8221; The winner gets an iPad. I&#8217;m the judge, so make it good. Here&#8217;s the link (ends November 3rd): <a href="http://www.lifetuner.org/contests/best-20">What&#8217;s the best $20 you&#8217;ve ever spent?</a>
<p><!--
<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here&#8217;s a sample of what I&#8217;ll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss &#8211; where you&#8217;ll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/><br />
- A full recording of my private webcast with Tim Ferriss &#8211; in case you can&#8217;t make it&#8230;<br/><br />
- Earn1 Bonus Case Study &#8211; Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&#038;utm_medium=feed&#038;utm_campaign=earn1k-rss-ad&#038;utm_content=rss-footer">Become a top performer now</a></p>
</div>
<p>&#8211;></p>
<p><!-- <a href="http://www.iwillteachyoutoberich.com/blog/how-to-strategically-evoke-cognitive-dissonance/">How to strategically evoke cognitive dissonance</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>&#8211;></p>
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		<slash:comments>22</slash:comments>
		</item>
		<item>
		<title>How DARE they spend so much?</title>
		<link>http://www.iwillteachyoutoberich.com/blog/how-dare-they-spend-so-much/</link>
		<comments>http://www.iwillteachyoutoberich.com/blog/how-dare-they-spend-so-much/#comments</comments>
		<pubDate>Sun, 26 Sep 2010 12:26:31 +0000</pubDate>
		<dc:creator>Ramit Sethi</dc:creator>
				<category><![CDATA[Consumerism]]></category>
		<category><![CDATA[Rants about dumb people]]></category>
		<category><![CDATA[Saving]]></category>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/?p=6336</guid>
		<description><![CDATA[People love to point fingers and act indignant about how much people spend on other things&#8230;.until it comes to themselves. &#8220;I can&#8217;t BELIEVE she spends THAT much on shoes.&#8221; &#8220;$3,000 for an apartment! RIDICULOUS!&#8221; &#8220;$28,000 for a wedding? I had 500 people over and we only spend $350&#8243; (by the way, every single post on [...]<p><!--<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here's a sample of what I'll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss - where you'll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/>
- A full recording of my private webcast with Tim Ferriss - in case you can't make it...<br/>
- Earn1 Bonus Case Study - Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&utm_medium=feed&utm_campaign=earn1k-rss-ad&utm_content=rss-footer">Become a top performer now</a></p>
</div>-->
<!-- <a href="http://www.iwillteachyoutoberich.com/blog/how-dare-they-spend-so-much/">How DARE they spend so much?</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>--></p>
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<p>People love to point fingers and act indignant about how much people spend on other things&#8230;.until it comes to themselves.</p>
<ul>
<li>&#8220;I can&#8217;t BELIEVE she spends THAT much on shoes.&#8221;</li>
<li>&#8220;$3,000 for an apartment! RIDICULOUS!&#8221;</li>
<li>&#8220;$28,000 for a wedding? I had 500 people over and we only spend $350&#8243; (by the way, every single post on <a href="http://www.iwillteachyoutoberich.com/blog/the-28000-question-why-are-we-all-hypocrites-about-weddings/">wedding costs</a> on the Internet has annoying commenters like this)</li>
</ul>
<p>I cover this extensively in a past post, &#8220;<a href="http://www.iwillteachyoutoberich.com/blog/judgmental-money-spending/">Attention annoying hypocrites: Stop being judgmental about your friends’ money habits</a>,&#8221; which almost led me to violence after writing it. </p>
<p>I prefer to talk about <a href="http://www.iwillteachyoutoberich.com/blog/conscious-spending-how-my-friend-spends-21000year-on-going-out/">conscious spending</a>, where you spend extravagantly on the things you love, as long as you cut costs mercilessly on the things you don&#8217;t.</p>
<p>So I found an <a href="http://online.wsj.com/article/SB10001424052748703989304575503972940124574.html?KEYWORDS=virginia+postrel">article by Virginia Postrel</a> from today&#8217;s Wall Street Journal particularly interesting. It turns out that broadly saying, &#8220;Spend on what you love!&#8221; is ok&#8230;until people <em>actually</em> describe how much they&#8217;re spending. Then things turn ugly.</p>
<blockquote><p> Michael Pollan, the best-selling author of &#8220;The Omnivore&#8217;s Dilemma&#8221; and a leading advocate of buying locally grown food, recently upset many of his fans by daring to put numbers on his oft-repeated prescription to &#8220;pay more, eat less.&#8221; Eight dollars for a dozen eggs? $3.90 for a pound of peaches?</p>
<p>Those figures were way too specific and way, way too high to go unnoticed&#8230;</p>
<p>Mr. Pollan&#8217;s critics sound a lot like Jackie Mason back in the 1990s, mocking Starbucks for &#8220;charging you three dollars for 50 cents worth of coffee.&#8221; Taste is subjective. So is economic value. The right price is the one you&#8217;re willing to pay&#8230;</p>
<p>Other buyers may not care, but I consider cheap peaches a waste of money. I don&#8217;t blame San Francisco foodies like Mr. Pollan for paying $3.90 a pound. They can always cut back on the cappuccinos.</p></blockquote>
<p>Right on. Please, if you find yourself judging others for their spending, know two things:</p>
<ol>
<li>You are probably right that they are spending foolishly &#8212; not because you&#8217;re smart, but because, statistically, almost everyone is terrible at managing their money. It&#8217;s like me shouting out into a crowd, &#8220;YOU ARE ALL CARBON LIFE FORMS!!!&#8221; and then being pleased with myself when proven right. </li>
<li>Please <a href="http://www.iwillteachyoutoberich.com/blog/bad-money-advice/">shut the hell up</a>. You&#8217;re not the paragon of spending virtue, and if you gave me 10 minutes on the phone with you, I could identify 20% of your money being &#8220;wasted&#8221; on &#8220;ridiculous&#8221; things. Focus on your own spending, automation, and goals, and look in the mirror instead of your friends&#8217; closets. </li>
</ol>
<p><strong>Related</strong>: See more <a href="http://www.iwillteachyoutoberich.com/blog/category/rants-about-dumb-people/">rants about dumb people</a>
<p><!--
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<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
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- A full recording of my private webcast with Tim Ferriss &#8211; in case you can&#8217;t make it&#8230;<br/><br />
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<p>&#8211;></p>
<p><!-- <a href="http://www.iwillteachyoutoberich.com/blog/how-dare-they-spend-so-much/">How DARE they spend so much?</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>&#8211;></p>
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		<title>Dumb things I&#8217;ve heard in the last 10 years</title>
		<link>http://www.iwillteachyoutoberich.com/blog/dumb-things-ive-heard/</link>
		<comments>http://www.iwillteachyoutoberich.com/blog/dumb-things-ive-heard/#comments</comments>
		<pubDate>Wed, 11 Aug 2010 12:28:16 +0000</pubDate>
		<dc:creator>Ramit Sethi</dc:creator>
				<category><![CDATA[Miscellaneous]]></category>
		<category><![CDATA[Rants about dumb people]]></category>
		<guid isPermaLink="false">http://www.iwillteachyoutoberich.com/?p=6104</guid>
		<description><![CDATA[&#8220;You&#8217;re taking psychology? What kind of pointless major is that?&#8221; &#8220;I really want to work for X company, but Y pays $10k/year more.&#8221; &#8220;You definitely need to set up a Twitter/FB account. Social media is the most important kind!&#8221; &#8220;Personal finance is all the same stuff. Spend less than you earn.&#8221; &#8220;If you want to [...]<p><!--<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here's a sample of what I'll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss - where you'll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/>
- A full recording of my private webcast with Tim Ferriss - in case you can't make it...<br/>
- Earn1 Bonus Case Study - Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&utm_medium=feed&utm_campaign=earn1k-rss-ad&utm_content=rss-footer">Become a top performer now</a></p>
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<!-- <a href="http://www.iwillteachyoutoberich.com/blog/dumb-things-ive-heard/">Dumb things I&#8217;ve heard in the last 10 years</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>--></p>
]]></description>
			<content:encoded><![CDATA[</p>
<p>&#8220;You&#8217;re taking psychology? What kind of pointless major is that?&#8221;</p>
<p>&#8220;I really want to work for X company, but Y pays $10k/year more.&#8221;</p>
<p>&#8220;You definitely need to set up a Twitter/FB account. Social media is the most important kind!&#8221;</p>
<p>&#8220;Personal finance is all the same stuff. Spend less than you earn.&#8221;</p>
<p>&#8220;If you want to speak at our company, you have to change the name of your website.&#8221;</p>
<p>&#8220;Ramit, you should really fix your eyebrows.&#8221;</p>
<p>&#8220;What SEO tricks did you use to get readers?&#8221;</p>
<p>&#8220;Can I advertise on your site? My budget is $25/month.&#8221;</p>
<p>&#8220;You work from your apartment? Ha, I wish I could have a fake job like that too.&#8221;</p>
<p>&#8220;You should expand your userbase. What about insurance and retirement for people in their 40s and 50s. Don&#8217;t limit yourself!&#8221;</p>
<p>&#8220;Wow, I wish I could have a flexible schedule like you.&#8221;</p>
<p>&#8220;Ramit, how dare you say you&#8217;re not writing for single mothers of 2. I&#8217;m really offended. I used to like your site but now I&#8217;ll never be back again.&#8221;</p>
<p>&#8220;This site jumped the shark after you started charging for things I can find free anywhere else.&#8221;</p>
<p>&#8220;How about this savings tip? I can save $10 by not buying your book! Ha hah ahahaa!&#8221;</p>
<p>&#8220;Don&#8217;t spend money on lattes.&#8221;</p>
<p><center>*     *     *</center></p>
<p>(Read more at my never-updated blog, <a href="http://www.bittershirts.com/thingsihate/">Things I Hate</a>.)</p>
<p><!--
<div style="font-size: small; padding: 0px 10px 0px 10px; border: 1px solid #ccc; color: #333; background-color: #eee;">
<p><strong>Join the free 30-day course to hustle your way to the top</strong></p>
<p>Here&#8217;s a sample of what I&#8217;ll be sending out:</p>
<p>- A invite to my private webcast with Tim Ferriss &#8211; where you&#8217;ll learn his top time-management techniques, how to create your first muse, and how he hustled 2 books onto the NYT #1 seller list when 26 publishers turned him down. <br/><br />
- A full recording of my private webcast with Tim Ferriss &#8211; in case you can&#8217;t make it&#8230;<br/><br />
- Earn1 Bonus Case Study &#8211; Unlocking side income: From $0 to $1,500/month in 2 weeks</p>
<p><a href="http://www.iwillteachyoutoberich.com/hustle/week4/?utm_source=iwtytbr-rss-feed&#038;utm_medium=feed&#038;utm_campaign=earn1k-rss-ad&#038;utm_content=rss-footer">Become a top performer now</a></p>
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<p>&#8211;></p>
<p><!-- <a href="http://www.iwillteachyoutoberich.com/blog/dumb-things-ive-heard/">Dumb things I&#8217;ve heard in the last 10 years</a> is a post from: <a href="http://www.iwillteachyoutoberich.com">I Will Teach You To Be Rich</a>&#8211;></p>
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