Title: I Will Teach You To Be Rich: No Guilt, No Excuses, No B.S., Just a 6-Week Program That Works
Author: Ramit Sethi
Trigger Warnings: Fatphobia, classism
You don’t have to be perfect to be rich. Or the smartest person in the room. Or a type-A personality. In fact, with Ramit Sethi’s six-week program to financial independence, you can start with any amount of money, do just 85 percent of what he suggests, and succeed brilliantly through good times and bad.
As irreverent and entertaining as he is practical and wise, Sethi explains how to beat banks and credit cards at the fee game, automate your cash flow, negotiate for a raise, manage student loans, and enjoy your lattes and Manolo Blahniks by practicing conscious spending. It’s how to master your money with the least amount of effort – and then get on with your life.
Read to: Page 117
Ah, a classic financial book. Full body with the usual advice, and the usual note of fatphobia. The flavor of classism is especially strong in this one, and I’m even detecting a unique note of misogyny, as well as a deep overtone of condescension …
Okay, all jokes aside, this book was bad.
My fiance wanted me to read this and see if it was any good. I didn’t have high hopes for it going in (I’d previously unsubscribed from Ramit’s email list for misogyny and fatphobia), but I was determined to power through.
Of course, there was the requisite fatphobia that comes with personal finance books (bad budgets are fat, good budgets that you’ve put work into are fit and toned). There was also a healthy dose of condescension. Ramit has a tone of “I know more about this than you” and “this is so simple you’re stupid/lazy for not doing this before.” There was also a surprising dose of misogyny – comparing choosing between two investment brokerages to choosing between “two hot blonde twins,” for example.
But still, I was determined to power through. There was actually some good advice on negotiating credit card rates, surprisingly. (That was really the only good information in the book, though – the rest of it was stuff like calling budgets bad and boring and then telling you how to budget while calling it a “conscious spending plan” and claiming it’s completely different. Like, dude, I’ve been budgeting since I was 14. I know a budget when I see one. You’re not special. He even recommends the ENVELOPE BUDGETING SYSTEM, for goodness’ sake.)
I finally gave up – or, more accurately, rage-quit – at page 117. The heading on that page was “What If You Don’t Make Enough Money?” and I was thrilled – finally a financial advice book that takes poverty and minimum wage into account! And then the entire premise was people actually have more wiggle room in their budget than they realize, they just don’t want to change their spending. The two examples I got through before closing the book:
- Cook at home more. (Ignoring the fact that most minimum-wage workers have to work multiple jobs, leaving them no time to cook, and the fact that it’s actually cheaper to buy pre-packaged stuff and the McDonald’s dollar menu than buy everything fresh and cook it yourself.)
- Don’t buy the new iPhone every year. (Find me one minimum-wage worker who buys a new phone every year, I dare you. I’m working at nearly twice minimum wage and I still can’t afford a new iPhone every year.)
It was basically the premise that “there’s no such thing as a poor person, there’s only people who are to stupid/bad at handling money to be not poor.” Which is incorrect, classist, and incredibly insulting.
Despite the book’s own view that it’s 100 times better than any other personal finance book, it was an unspectacular, condescending, and classist rephrasing of already-told tips and the same old tropes. It honestly wasn’t worth the 117 pages I gave it.