Table of Contents
An Open Letter to New Readers 1
Introduction: Would You Rather Be Sexy or Rich? 6
Why do people gain weight after college? The similarities between money and food
Counterintuitive but true: We need less personal-finance information
Common excuses for not managing money
You're not a victim-you're in control
Stop debating minutiae and focus on the Big Wins
The key messages of I Will Teach You to Be Rich
"Rich" isn't just about money: What does it mean to you?
Chapter 1 Optimize Your Credit Cards 23
How to beat the credit card companies at their own game
Why Indian people love negotiating
Stop being intimidated by your credit cards
Picking the best card for airline miles, cash back, and rewards
The six commandments of credit cards
How to negotiate with your credit card company to get fees waived and receive lower rates
Secret perks your card offers
Why you should always buy electronics, travel, and furniture on your credit card
What not to do with your cards
The burden of student loans
When credit cards go bad
Five steps to getting rid of debt
Week One: Action Steps
Chapter 2 Beat the Banks 69
Open high-interest, low-hassle accounts and negotiate fees like an Indian
How banks rake it in
The bank accounts I use
Why you really need a separate savings account
Opening high-interest, no-fee accounts
Why people stick with terrible bank accounts
Five marketing tactics banks use to trick you
Negotiate out of fees with your current bank (use my script)
Week Two: Action Steps
Chapter 3 Get Ready to Invest 94
Open your 401(k) and Roth IRA-even with just $50
Start investing, step by step
Why your friends are scared of investing
Investing is the single most effective way to get rich
Where should your money go? Introducing the ladder of personal finance
Mastering your 401(k)
Crush your debt
The beauty of Roth IRAs
What about robo-advisors?
The exact account I use
Feed your investment account
HSAs
Beyond retirement accounts
Week Three: Action Steps
Chapter 4 Conscious Spending 126
How to save hundreds per month (and still buy what you love)
How to spend extravagantly on the things you love and cut costs mercilessly on the things you don't-without making an annoying budget
The difference between cheap people and conscious spenders
How my friend spends $21,000 per year going out-guilt-free
Using psychology against yourself to save
The four buckets: fixed costs, savings, investments, and guilt-free spending money
The envelope system for not overspending
What if you don't make enough money to save?
How to make more money
Handling unexpected expenses
Week Four: Action Steps
Chapter 5 Save While Sleeping 167
Making your accounts work together-automatically
The power of defaults
How to spend only 90 minutes a month managing your money
Ways to use psychology to help you save money
Create your automatic money flow
Using your automated finances to fuel your rich life
Week Five: Action Steps
Chapter 6 The Myth of Financial Expertise 188
Why professional wine tasters and stock pickers are clueless-and how you can beat them
Who should you trust?
Experts can't guess where the market is going
How experts hide poor performance
You don't need a financial adviser
Behind the scenes: When two wealth managers tried to recruit me
Active vs. passive management
Chapter 7 Investing Isn't Only for Rich People 212
Spend the afternoon picking a simple portfolio that will make you rich
The beauty of automatic investing
Asset allocation: more important than the "best stock of the year!"
Retiring in your 30s or 40s: The FIRE movement
Convenience or control? You choose
The many flavors of stocks and bonds
Creating your own portfolio: How to handpick your investments
Investing the easy way: target-date funds
Feeding your 401(k) and IRA
The Swensen model of asset allocation
Insane crypto "investments"
Week Six: Action Steps
Chapter 8 How to Maintain and Grow Your System 260
You've done the hard work: Here's how to maintain (and optimize) your financial infrastructure
Feed your system-the more you put in, the more you'll get out
Ignore the noise
The tricky part of managing your own portfolio: rebalancing your investments
Nutty beliefs about taxes
When to sell
For high achievers: a ten-year plan
Giving back-an important part of being rich
Chapter 9 A Rich Life 282
The finances of relationships, weddings, buying a car, and your first house
Student loans-Pay them down or invest?
How to help parents who are in debt
The big conversation: talking about money with your significant other
Should you sign a prenup?
Why we're all hypocrites about our weddings (and how to pay for yours)
Negotiating your salary, I Will Teach You to Be Rich style
The smart person's guide to buying a car
The biggest big-ticket item of all: a house
The benefits of renting
Is real estate really a good investment?
Planning for future purchases
Your Rich Life: Going beyond the day to day
Acknowledgments 335
Index 336
