Balance Transfers For Life Cards

Ramit Sethi: Being rich isn't all about money

Bold. Young. Successful. Uber-educated and financially sophisticated. Yeah, that Ramit Sethi. He is the founder of the company I'll teach you to be rich, author of the eponymous book (The New York Times-bestseller), and the developer of a new online course, Earn1K. But can he really lead them to wealth, even when they are loaded with debt?

CreditCards.com: We shared a panel at the Commonwealth Club, talk about financial issues Generation X face. This is your demographic, but do you really think the game under 30 years of money attitudes and problems unique?

Ramit Sethi: Yes, people in their 20s and 30s have completely different financial concerns that people in their 40s and 50s --- usually eat and drink more. Instead he pooh-poohing them or conferences to reduce the battens (which is useless), I focus on helping them automate their money so they can spend without feeling guilty about things they love.

Want to buy 200 million of jeans? 400 million shoes? A weekend in Las Vegas? Great. Here's how to automate, to invest and earn more if you buy things you like.

As we age, we have different concerns in a predictable way, like buying a house, save for the education of our children and retirement.

CreditCards.com: With so many personal finance books on the market, why do you think yours echo?

Sethi: I tried to do some things differently:

Eliminate the same advice that most old "experts" give (which never works), such as "keep a budget", "stop spending on lattes" and "buy a house -" It's the best investment "Get ultra-precise.When others say: "Negotiate your fee," I included word for word scripts and direct telephone numbers to call. When I read other books that have been vague about the best accounts to invest in, I named names - including those I love and hate. Including the major psychological barriers to money management. When people think about "managing their money, they unconsciously summon all sorts of associations - mostly negative. It is too easy to focus on tactics, but I wanted to dig the look psychological, too.That's why I devote a chapter on automation (since we want our money to do the right thing automatically).

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