Your Money or Your Life
Ratings65
Average rating3.9
Your Money or Your Life is very much a financial independence classic. This focuses more your life than your money – showing the strong thread that money has on your time, your relationships and your options in life. One area that stands out to me is the idea of understanding the value of your time as it relates to money. When you buy lunch out, or even grab a latte, how many minutes/hours of your time are you paying for that experience – and is it worth it? Knowing that you're spending on what brings you the most happiness for the buck is how you drive your expenses down while driving your happiness-per-dollar up.
Your Money or Your Life is very much a financial independence classic. This focuses more your life than your money – showing the strong thread that money has on your time, your relationships and your options in life. One area that stands out to me is the idea of understanding the value of your time as it relates to money. When you buy lunch out, or even grab a latte, how many minutes/hours of your time are you paying for that experience – and is it worth it? Knowing that you're spending on what brings you the most happiness for the buck is how you drive your expenses down while driving your happiness-per-dollar up.
Some concepts are very useful, but I've found it boring and obvious for the most of it.
good for starters (or should I say FIREstarters?) only or for those who lost the track or sense of meaning to do FIRE.
A unique take on personal finance that emphasizes reciprocity, community care, enoughness, and sustainable living. I appreciated YMYL's ideas about divorcing the idea of work from making money and discovering your purpose that way.
Your Money or Your Life is very much a financial independence classic. This focuses more your life than your money – showing the strong thread that money has on your time, your relationships and your options in life. One area that stands out to me is the idea of understanding the value of your time as it relates to money. When you buy lunch out, or even grab a latte, how many minutes/hours of your time are you paying for that experience – and is it worth it? Knowing that you're spending on what brings you the most happiness for the buck is how you drive your expenses down while driving your happiness-per-dollar up.
Great book, I'd recommend (and have) it to anyone who feels like their money is controlling them more than they are controlling their money.
I was not the biggest fan of this book. Quite a bit of what it was asking the reader seemed excessive (calculating every dollar (including random money that you may have found at some point). Also, I felt that some of the suggestion on how to cut costs (just buy a house closer to work or get a different job) were a little unrealistic. I was not the biggest fan of equating money to life energy. The later parts of the book we the only redeeming thing about it in my eyes. More specifically, the discussion about bogelheads. I think that this, and largely only this, information would be useful to other readers. This is a book more geared toward someone who has no clue what their financial situation is reader than someone who is looking for better understanding finances and their utility/importance.