Founder and CEO of personal finance website I Will Teach You To Be Rich, Ramit Sethi has some financial advice for staying solvent amid a global pandemic.<br />According to Business Insider, Sethi suggests people find new ways to cut down on their highest expenses: rent, eating out, and non-food shopping.<br />It's also critical that people build an emergency savings account to cover their cost of living for one year.<br />Although the thought of doing so can be daunting, Sethi insists the key to building such a generous fund is automating your savings each month.<br />Sethi also encourages people to adopt his '85% solution.'<br />It's better to reach 85% of a goal and move on, rather than only being satisfied if you achieve 100% success, which can undermine your success.<br />Money is about so much more than math. Start off with quick wins, wins that you can achieve. Ramit Seth Author, 'I Will Teach You To Be Rich'
