26. Discover More Books: I Will Teach You to be Rich by Ramit Sethi

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Sethi gives five steps of how to allocate your money based on what's important to you and how to create a rich life. First step is to automate your finances. 20% to 35% should be spent guilt free. The remaining 20% is about your enjoyment money.

The book compares fitness and your finances. It gives weekly action steps broken down into six different weeks. Open a savings account, optimize your credit cards, and check your credit score. The timing is that it was time for me to read this book.

There's tremendous money that you can save just by utilizing credit cards. As long as you're tracking your spending and paying them off regularly, it's almost free money you're leaving on the table. So really utilizing the credit cards, optimizing them, to maximize your savings.

It is very important to keep your credit score high. The utilization rate is really important. More lines of credit, more available credit, gives you a lower utilization rate, which often leads to a higher credit score. embrace the fact that you can get absurd travel rewards, absurd points, and utilize them in incredible ways.

Sethi argues in the book that expertise is about results. Just rely on yourself and just create a system and automate your finances. Start now and build over time. Define what rich means to you. Learn how to build a rich life.