7 years ago today, I launched I Will Teach You To Be Rich.
I really just wanted to take this opportunity to thank you for being along for the ride.
I was a cocky college kid back then. I’d taken half my first college scholarship check, invested it in the stock market, and lost it immediately. After spending the next few years learning about money and human behavior, I launched an informal class, “I Will Teach You To Be Rich.”
When friends would be complaining about their 5th overdraft fee, I’d say, “That sucks, man. You should take my class…it’s 1 hour and it’s free, and I’ll cover everything you need to know about money.”
“AWESOME!” they said. Then they never showed up.
Years later, I understood why. People hate admitting they don’t know about money. People hate going to events about money, because it makes them feel bad about themselves. And, of course, most people who teach these courses are terrible and offer terribly conflicted advice, too.
So I launched this blog. And I wrote it for a long time with virtually no traffic because I knew I had a message that needed to be heard.
In fact, I started this blog with this post in 2004.
Check it out. You’ll see the inklings of what would later come, but you also see rough, unsophisticated thinking. For example, I used the word “budgets” (which never work). I also suggested that the first step is “knowing where your money is going” (no, it’s not).
My point is that one of the biggest psychological barriers to starting something is thinking we already have to be experts. Yet when I started this site, I felt like I had something to say that the world needed to hear, even if my message wasn’t 100% perfect.
On a personal note, having readers like you has allowed me to write a best-selling book, appear on TV, and turn IWT into my full-time job…something I never thought I’d do.
I have IWT readers to thank. I know I make fun of you and call some of your questions stupid, which they often are, but you have shaped this site into something that drives actual behavioral change for money, careers, entrepreneurship, negotiation, and psychology…not simply more talk about budgets and credit-card offers.
I want to thank you again. And to celebrate, I’m holding a 1-hour live webcast next Wednesday, 8/24 at 9PM EST. I’ll talk about whatever you want — bring it on and I’ll tackle them all.
Just leave your comments here with any questions, and I’ll post a note letting you know more details about where to attend.
Until then, thanks for sticking around, reading, and taking action to live rich lives.