“A unique voice on money,
i w r d an
do
i l l ail d i
wn
fo ds,
one singularly attuned to…his generation.”
t e y t nt
loa
a c ac er
I WIll
h y tic act
Vis u t o l tip e sp
—San FranciSco chronicle
o a iv
it b e r s, b re
i c on ads
h . us h
co
m
ee
ts
TEAch
You
by
RAmIT SEThI
founder and writer of
iwillteachyoutoberich.com
ToBE No Guilt.
No Excuses.
No B.S.
Just a
6-Week
Program
That Works

I Will Teach You to Be Rich
Cheap people vs. Frugal people
Cheap Frugal
Cheap people care about the cost Frugal people care about the value
of something. of something.
Cheap people try to get the lowest Frugal people try to get the lowest
price on everything. price on most things, but are
willing to spend on items they
really care about.
Cheap people’s cheapness affects Frugal people’s frugality affects
those around them. only them.
Cheap people are inconsiderate. Frugal people know they have to
For example, when getting a meal pick and choose where they spend
with other people, if their food their money. If they can spend
costs $7.95, they’ll put in $8, only $10 on lunch, they’ll order
knowing very well that tax and tip water instead of Coke.
mean it’s closer to $11.
Cheap people make you Frugal people make you feel
uncomfortable because of the uncomfortable because you
way they treat others. realize you could be doing better
with your money.
Cheap people keep a running tally Some frugal people do this, too,
of how much their friends, family, but certainly not all.
and coworkers owe them.
Because of the fear of even one Neither are frugal people.
person suggesting they spent too
much on something, cheap people
are not always honest about what
they spend.
Cheap people are unreasonable Frugal people will try as hard
and cannot understand why they as cheap people to get a deal,
can’t get something for free. but they understand that it’s a
Sometimes this is an act, but dance, and in the end, they know
sometimes it’s not. they don’t intrinsically deserve a
special deal.
Cheap people think short term. Frugal people think long term.
96

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About the book
At last, for a generation that's materially ambitious
yet financially clueless comes I Will Teach You To
Be Rich, Ramit Sethi's 6-week personal finance
program for 20-to-35-year-olds. A completely
practical approach based around the four pillars of
personal finance—banking, saving, budgeting, and
investing—and the wealth-building ideas of
personal entrepreneurship.