Your Money or your Life

Your Money or your Life

9 Steps to Transforming your Relationship With Money and Achieving Financial Independence

Book - 2018
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In an age of great economic uncertainty when everyone is concerned about money and how they spend what they have, this updated edition of the bestselling Your Money or Your Life is an essential read. Millennial Money's Grant explains: 'The premise of it is that you exchange your time for money. And when you start thinking about how many hours of your life it took to save up the money to buy something, you really start thinking twice about your purchases.'
Publisher: Penguin Books : New York, ©2018.
Edition: Rev. ed.
ISBN: 9780143115762
Characteristics: xxxvii, 328 pages :,illustrations ;,20 cm.


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Jan 20, 2019

There are a few important points being brought up.
1.It's more important how much money you can put away in savings than how much you earn. Job status status alone is not a factor. There are free-of-charge ways to lift ones spirits other than spending money / shopping! (look for this one in the book).
2. The word 'frugal' is re-defined (which I personally liked) into a savvy connoisseur. (Basically an opposition of a reckless glutton). Now that it has a new ('savvy connoisseur') connotation being frugal should be something not to be ashamed of.
3. I liked that a definition of job and work is attempted to be re-defined. Basically, 'full time employment' is being presented simply as only one of the possible options instead of the only acceptable one.
4. If you are being employed (or selling 'part of your life-time'), then do not be shy to ask more money for it.
5. Ultimate goal is a financial independence.
In general, the content of the book is somewhat watered down. Lot's of concepts are not proven (IMO). Many times the life examples are not relevant to the point the author declared. Still worth reading. 3 stars.

Apr 04, 2017

A bit 'touchy-feely-new-agey' for my tastes. Based on the premise of money management by understanding how you 'feel' about money, it smacks of the whole Suze Orman shtick, if that's your cup o' tea. Find out how you spent/spend your money, discover your 'true path', and be frugal.... there, I just saved you paging though nine pedantic chapters to glean the same information.

May 02, 2016

Conceptually excellent, but though it's been apparently updated, it's mired in the generation, times, and mentality of it's inception.

Mar 23, 2016

An important book. The concept here, trading your time for money, can change your whole perspective (life-changing) as far as wanting more and more.

Dec 26, 2015

One of the top 10 books on getting control of your personal finances.
YMOYL has you identify and record your money inflows and outcomes so you can see what goes on with your money so you can make choices to reach your goals.

Oct 22, 2014

The biggest impediment to managing your money is Develop a healthier relationship with your money and start living the life you really want—today.

Feb 19, 2013

If you're looking for an approach to personal finance that's genuinely personal and not the usual banal instruction that treats money management like homework (i.e. necessary, boring and to be completed as quickly as possible in order to move on to better things), then Your Money or Your Life is a refreshing place to start.

Earning and spending are forever interwoven with our actions, and I appreciate this book's healthy attitude toward thinking conscientiously about the function of money in our everyday lives. There's lots of filler here too, mostly in the form of real-life examples and moralizing, but this isn't necessarily a bad thing if you're seeking a narrative context.

The most useful advice for me is the section on assigning values to spending (relevant self-assessment is good practice no matter what your situation), but this presumes a good handle on the basics of budgeting, which is fundamentally the most important. The section on investing seems dated and carelessly limiting even though I understand the author's intention to want to simplify the process. The goal should be to pursue the smartest option, and that doesn't always mean the simplest.

Overall, a helpful book that I found less helpful with each successive re-read.

stacia113 Aug 23, 2011

My spouse and I read this book over 7 years ago, at a time of real financial difficulty. I have re-read it many times since, and above all, followed its guidance with real determination. It has been life-changing for us, giving us the tools and inspiration we needed to bring our actions in the material world ever further into alignment with our deepest values.

Apr 01, 2010

A bit too 80s new-agey in places for my taste, but it really does hammer home the point that you're trading your time for money, and at some point your time is more valuable than the extra cash. It also made me take a closer look at where my money is spent and whether my planned expenditures align with my values. In terms of implementation, I didn't follow their steps too closely, but I still got a lot out of reading this book.

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