I Will Teach You to be Rich Summary

In this post, I will go over the top five takeaways from Ramit Sethi’s book: I will teach you to be rich. I will teach you to be rich Becoming rich isn’t something that only happens to Ivy League graduates, elite athletes or lottery winners. Anyone can become rich. What you need to do is to define what being rich

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The Financial Literacy Test

Ever wonder how financially literate you are? Take the financial literacy test here and find out! The quiz is from The National Financial Capability Study (NFCS) is a project of the FINRA Investor Education Foundation (FINRA Foundation). For your convenience, here are the questions: Financial Literacy Test: Question 1. Suppose you have $100 in a savings account earning 2 percent

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How Much Money is Considered Wealthy?

I came across an interesting article from Bloomberg discussing the definition of being wealthy across different age groups. The data came from the 2019 Modern Wealth Survey from Charles Schwab. The online survey was based on answers from a cohort of 1,000 respondents, age ranged from 21 to 75 years old. Below are some interesting findings: 59% of Americans live paycheck

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