The 'I Will Teach You To Be Rich' Blog

Don’t be broke: 5 wealth mindsets for a Rich Life

If you’re broke, things that people consider minor purchases can be a massive undertaking for you: Going out for meals and to bars Paying utility bills or rent Filling up your car with gas Heading to the movies Going on vacations Luckily, there is hope. In fact, building wealth can be easy, and dare I say it, fun, with ...

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5 ways to take control of your finances

It’s a question I’ve been asked since starting I Will Teach You to Be Rich more than a decade ago: “How do I take control of my finances?” At first, it can be hard to answer — especially if you’re in debt, unemployed, or a combination of both. BUT there’s ...

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How to trade stocks in 3 steps

Contrary to what Hollywood would have you believe, trading stocks isn’t a matter of putting on your favorite power suit, picking up a phone, and screaming “SELL! SELL! SELL!” Pictured: Complete BS Instead of trying to buy and sell hot stocks in the hopes of striking it rich, I suggest you reframe: Investing is a long-term strategy to help ...

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What is middle class?

“Middle class” is a common term spoken by news pundits, politicians, and that annoying friend of yours who likes to debate politics at dinner parties. While a lot of people like to bloviate about the middle class, there’s no hard set definition for what middle class means. In fact, not a lot of economists know exactly how to define ...

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Q&A: What to do when you lose $113,000 in the market

When the stock market took a hit in October 2018, we saw the usual knee-jerk headlines: Blip or downturn? What the market meltdown means for your money Is it time to sell before we hit bottom? Stock market meltdowns have become frighteningly common Out of sheer curiosity, I decided (stupidly) to check how it impacted me. And … well, It ...

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How much to tip for 17 situations (according to IWT readers)

Every article on tipping always follows the same formula. Step 1: Someone writes about tipping. Step 2: A commenter says, “Omg, that’s so ridiculous! We shouldn’t have to tip. WE should pay them a livable wage!!11!” Step 3: Another commenter replies, saying, “If you can’t afford to tip, you shouldn’t be eating out!” Step 4: ...