A blog on personal finance (banking, saving, budgeting and investing) and personal entrepreneurship.
Welcome new readers from Yahoo and Bankrate.com
May 22 8 Comments latest by Corrine G
If you’re visiting from today’s Yahoo Finance article on 8 Rules to Break To Build Wealth, welcome.
I’m a recent Stanford grad and this is a blog on personal finance and personal entrepreneurship for college students, recent college grads, and everyone else. (Featured in the Wall Street Journal, New York Times, Boston Globe, US News & World Report Online, etc.)
This blog is me ranting about a few things and trying to get the points across. Getting started is more important than being the smartest person in the room. Making mistakes is ok. Action is more important than reading 50 blogs. Ordinary actions get ordinary results. And there’s a difference between being sexy and being Rich.
3 simple ways to get started managing your money
- Learn what to do from someone who had $1,300 in overdraft fees
- Here’s how I set up my financial accounts
- Cook at home, you lazy bastard
Be realistic about getting rich
- Conscious Spending: How My Friend Spends $21,000/year Going Out
- The $28,000 Question: Why Are We All Hypocrites About Weddings?
- Cost vs. value: Why used cars aren’t always the right choice (and why I bought a new car)
Avoid the financial pundits
- Bad advice: “Don’t invest; you can’t beat the pros”
- Chicken Little and Kooks Who Don’t Know What They’re Talking About
Investing
- The drop-dead easy math behind why starting today is more important than any other factor
- The World’s Easiest Guide to Setting Up a Retirement Account
Personal Entrepreneurship
- Set smaller goals: impress friends, get girls, lose weight
- Barriers are your enemy
- The Myth of the Great Idea
Full list of articles
The I Will Teach You To Be Rich Table of contents (hundreds of articles)
How to subscribe
- Get notified of new posts by email
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And you can always email me. Thanks for reading.
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About Me
More Info / Contact Me
I'm Ramit Sethi.
I'm a recent graduate of Stanford, where I studied technology and psychology. Now I'm the co-founder & VP of Marketing for PBwiki, a wiki startup in Silicon Valley.
Speaking
I speak at companies and schools on personal finance and entrepreneurship.
Invite me to yours.The Book
I'm thrilled to announce that I've signed a book deal with Workman Publishing for the I Will Teach You To Be Rich book.
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Table of ContentsCategories
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Asset allocation
Book reviews
Consumerism
Cool images
Credit cards
Friday Entrepreneurs
Introductory Articles
Investing
Investor psychology
Miscellaneous
My favorite financial links
Negotiation
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Press
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Save 1k in 30 days
Saving
Stories about customer service
Survey results about money
Taxes
The Money Diaries
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Women and money
Date
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
Older articles...
Recommended Reading
Books I'm Reading
The Strategy and Tactics of Pricing: A Guide to Profitable Decision Making (3rd Edition)
Guide To Kicking Ass
Ramit's 2007 Guide To Kicking Ass
New essays on personal finance, personal entrepreneurship, making mistakes, and more. Plus lots of ranting, mocking, and tactical tips. 30-page PDF for $4.95.
Copyright © 2007 Ramit Sethi. All rights reserved.
COMMENTS
Leave yours...
Frugal Dad
May 22nd, 2008
Enjoyed the Yahoo Finance/Bankrate piece! I agree with you that new investors will make mistakes, but those mistakes won't hurt as much as ones made later with more at stake. This is another reason my dollar-cost-averaging into stocks and funds makes sense when you have large sum to invest. Drop the entire amount on a single investment and you could lose your shirt, fast!
Doug
May 22nd, 2008
Dude, I hate to break it to you, but you're no longer "recent" graduate of Stanford. You graduated in June, 2005.
Ramit Sethi
May 23rd, 2008
Hmm...it may be time to change that...
MoneyEnergy
May 26th, 2008
congrats on your book!
though I do have to question the truism about "starting early" as being the best factor for later returns... it certainly helps, but I think it only applies if you're a buy-and-hold investor aiming for dividend growth. If you're in and out, it's not going to matter so much when you started (for both reasons).
Ramit Sethi
May 27th, 2008
MoneyEnergy: True. But I always advocate for buy-and-hold, since it nearly always wins over the long term.
M Singh
June 1st, 2008
Hi Ramit,
Found your website's link on bankrate and have already spent about a couple hours reading interesting articles here. I have about $50,000 to spare that i would like to invest. I have so far been investing this money in CD's as they paid about 5% returen, but now it's difficult to get even half of that return. Could you please suggest something that i could invest in. I wouldn't be using this money for atleast 5 years. I would be comfortable taking only a moderate risk.
Thanks again for putting up such a informative website.
Francis
June 22nd, 2008
God bless you for such a wonderful idea you've established .
Corrine G
August 7th, 2008
Lost everything in the past ! Starting over from nothing need to Know from trusted site's for small stocks to start with trust stock broker who'll sell when there told asap and not wait any time. looking to keep then out of loop more time is of major importants. I do know which one to pick in the past!