{"id":1997,"date":"2025-05-18T12:36:04","date_gmt":"2025-05-18T11:36:04","guid":{"rendered":"https:\/\/blog.thomarite.uk\/?p=1997"},"modified":"2025-05-18T12:36:04","modified_gmt":"2025-05-18T11:36:04","slug":"i-will-teach-you-to-be-rich","status":"publish","type":"post","link":"https:\/\/blog.thomarite.uk\/index.php\/2025\/05\/18\/i-will-teach-you-to-be-rich\/","title":{"rendered":"I will teach you to be rich"},"content":{"rendered":"\n

I watched some time ago a video about the author and finally decided to read his book<\/a>.<\/p>\n\n\n\n

First of all, being rich has different meanings to each person. I don’t need a mansion, ferraris, 1st class plane tickets, 5* hotels, restaurants, etc.<\/p>\n\n\n\n

I just dont want to worry about money in the future when I will not have the edge to work in IT and want to do something else.<\/p>\n\n\n\n

I think the books doesn’t discover any magic trick. It is basic, but the funny thing, mostly people dont follow the steps in the book.<\/p>\n\n\n\n

I think I have been good at saving money and not having debt, but I was always scared to invest, as I didnt want to pick stocks. But as I discovered by him, you can invest in index funds. I am looking in the long-run. The only good thing I have done regarding investment was to put money in my pension pot. <\/p>\n\n\n\n

    \n
  1. Study your expensive. Make a conscious spending plan: Fixed costs (rent, utilities, debt, 50-60%), Investment (pension, ISA – 10%), Saving goals (holidays, xmas, house deposit, wedding, emergency, 5-10%), guilt-free spending (dining, party, clothing, 20-35%)<\/li>\n\n\n\n
  2. Credit cards: pay your debt. find out why you are in debt. I hate credit cards. I know you can get nice perks from them but it is not for me. My expending habits, doesn’t make sense, apart from buy long-haul plane tickets. If you need done, at least, get the one with less interest.<\/li>\n\n\n\n
  3. Open an account with high interest rate. Automatically put money on it.<\/li>\n\n\n\n
  4. Put money in your pension pot. Max up as much as you can your tax-free allowance. Use automatic transfers.<\/li>\n\n\n\n
  5. Find an investment fund in Vanguard. Dont pay high fees in managed funds!! They are a rip-off. Good source of advice danielsolin<\/a> and ronlieber<\/a>. Make automatic transfer into them.<\/li>\n\n\n\n
  6. Review your system once a year.<\/li>\n<\/ol>\n\n\n\n

    If you have most your savings\/investments automatically, the money left is the one you can spend guilt-free. You decide what a rich life means to you.<\/p>\n\n\n\n

    Honestly, these kind of things should be teach in school or at least in univerisity.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    \n

    Money represents hard work and luck<\/p>\n<\/blockquote>\n\n\n\n

    <\/p>\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    I watched some time ago a video about the author and finally decided to read his book. First of all, being rich has different meanings to each person. I don’t need a mansion, ferraris, 1st class plane tickets, 5* hotels, restaurants, etc. I just dont want to worry about money in the future when I … Continue reading “I will teach you to be rich”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,20],"tags":[],"class_list":["post-1997","post","type-post","status-publish","format-standard","hentry","category-books","category-economy"],"_links":{"self":[{"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/posts\/1997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1997"}],"version-history":[{"count":1,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/posts\/1997\/revisions"}],"predecessor-version":[{"id":1998,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/posts\/1997\/revisions\/1998"}],"wp:attachment":[{"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}