125
people found this helpful, as of 2023
ranked #228,032 most helpful
out of 571,544,897 reviews
★☆☆☆☆
Getting Rich by waving overdraft fees - oh yes, that's how Warren Buffet did it!
Not sure what Ramit's definition of "Rich" is, but unless it's getting at most $5000-$10000 extra in the bank, his book title is Misleading.
The book is packed with good, common-sense advice (which can be found in almost every other Financial self-help book out there, or on the Internet for free), however getting rich this book will make you NOT.
Common, how many $5 overdraft fees does a person has to get waived before he/she is a millionaire (my definition of rich)? (200,000 of them by the way)
The main problem I have with this book is the TITLE. Change it to "I will teach you to have more common sense about your finances" and this book is very readable, but as it stands - sorry, my fellow readers, it's a "no-go".
Instead of spending an hour of your time arguing on the phone with a bank rep to get rid of that $5 fee (which makes your hourly wage - $5 per hour), those wanting to get rich, should instead spend that time doing something to improve their careers or getting their own business going.
To best way to get rich is to create VALUE for society and this world (new product, new idea, new way of doing something). How much VALUE are you creating to this world by refinancing your mortgage, getting lower interest rate or getting those fees waived??
Notice that's exactly what Ramit is trying to do - he has actually created something of Value (this book and his blog) to get rich and I bet he will get there, unlike the readers following his book.
