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By Farnoosh Torabi
June 3, 2015
Ramit Sethi

Ramit Sethi’s career took off in 2009 with the release of his New York Times bestselling book, I Will Teach You to Be Rich. Since then, the man Fortune magazine called the “new finance guru on the block” has built an impressive online community and business that engages with more than half a million monthly readers. On his website, Sethi covers psychology, personal finance, careers, and entrepreneurship. He also teaches courses on how to earn more and launch a business.

But his rise to success didn’t happen without a few bumps in the road, both personally and professionally. He spoke candidly with me about these failures, and the expensive lessons he learned, on my daily podcast, So Money.

On the Value of Failure

His Earliest Financial Fail

How He Lost 100 Grand

What He Learned

Every day, Money contributing editor Farnoosh Torabi interviews entrepreneurs, authors, and financial luminaries about their money philosophies, successes, failures, and habits for her podcast, So Money, which is a “New and Noteworthy” podcast on iTunes.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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