Your Money or Your Life by Joe Dominguez and Vicki Robin, is a collection of simple, common sense observations about money. Perhaps because money is so fundamental to our lives, or because we associate it with work, often we don’t examine these simple truths. But the first step to making sound decisions, about money as about every other topic, is to gather all the facts so you can make a knowledgeable and concious decision. This book helps you do that.
The book takes you through 9 steps to Financial Independence, from cataloging all the money you’ve ever made to keeping a budget to their solution for non wage income. The lessons are told in a easy, simple manner, with ‘real life’ stories interspersed throughout. Some of their most profound ideas aren’t about money, but about work–what human beings look for in work that they used to look for in community and family.
I’m a single guy, and I felt this book was aimed at big spenders with families, mortgages and boats, but I still felt there were lessons to take away. Their end solution is something I’m still up in the air about, but the steps along the way were fabulous–every one simple enough to understand, yet powerful enough to change the way you thought about the concepts discussed. I liked this book and would recommend it.