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Your Money or Your Life
Book

Your Money or Your Life

Transforming Your Relationship with Money and Achieving Financial Independence

Penguin, 1999
First Edition: 1992 more...

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Editorial Rating

8

Qualities

  • Applicable

Recommendation

The old expectations about economic security, such as working for one company until you retire and then collecting a pension, no longer apply. However, you can use certain timeless common-sense principles and methods to make money matters comprehensible and to attain "financial independence." Joe Dominguez and Vicki Robin explain a nine-step approach to lowering your personal expenses and achieving a more manageable, pleasurable lifestyle that reflects your true values. getAbstract recommends this classic approach to getting a grip on your finances instead of being strangled by them. The bedrock of this program is coming to understand that you exchange your life for money. Now, doesn’t that bear closer scrutiny?

Take-Aways

  • It’s important to figure out how money functions in your life.
  • Without an accurate picture of how your money flows, you will not be able to foresee a time in the future when your dreams are affordable and attainable.
  • "Consumerism" is a way to die, not a way to live.

About the Authors

Joe Dominguez and Vicki Robin both retired early and devoted their lives to explaining money issues to consumers. Over time they established The New Road Map Foundation to spread ideas about building a sustainable fiscal future.


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