I Will Teach You to Be Rich, Second Edition: No Guilt. No Excuses. No BS. Just a 6-Week Program That Works

Think balance: For most people, having two or three credit cards is perfect.

You don’t need to be rich to give back. Even $100 helps.

That changed things quickly, and I currently save $200/month for unexpected expenses.

Let’s say it again: The key to using credit cards effectively is to pay off your credit card in full every month.

The holidays meant presents for my parents and siblings. Then my family grew with nieces, nephews, and new in-laws. Suddenly I need to buy a lot more gifts every year.

half of them pay only their minimum monthly payments. Sure, it’s tempting to think that you can buy something and pay it off little by little, but because of credit cards’ insanely high interest rates, that’s a critical mistake.

You might think I’d encourage you to have your checking account and savings account at the same place. Surprisingly, I recommend two different accounts at two separate banks. Here’s why: Having your money in two separate accounts—and banks—uses psychology to keep your savings growing.

Discussing their situation may be among the most challenging conversations you’ll ever have—and one of the most necessary. Your parents have spent decades

Also, people love to use their particular situation—living in Ohio, or Malaysia, or not having gone to an Ivy League school—to explain why they can’t get the same results others can. I used to engage and show them examples of people in their own area who got amazing results. Their response? “Well, did they have [increasingly obscure criteria: moved