By Daily Crux Editor Sean Goldsmith:

Ramit Sethi, the blogger behind IWillTeachYoutobeRich.com, and author of the book by the same name, shared a few tips with the Wall Street Journal online...

Sethi says to fire your financial adviser, because you end up paying them tens of thousands of dollars to do something you can easily do yourself. Also, put your expenses on "auto pilot." When money comes in, automatically route it to the appropriate place; i.e., your savings account and 401K.

He also claims "budgeting doesn't work." Instead, you should plan for your spending, and put small chunks of money away for big expenses with every paycheck. That way, you won't feel guilty when you make a big purchase. Finally, Sethi recommends buying things you love with your extra money. Treat yourself to gifts that will enrich your life, and mercilessly cut expenses on everything else.

Read full article (with video)...

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