Book · Money and wealth mindset · 1992
Your Money or Your Life
Vicki Robin and Joe Dominguez · 9 steps
The Useful verdict: Do steps 2, 3, 4 and 8. They turn money into hours of your life, which changes how small buys feel.
The book in 60 seconds
Vicki Robin and Joe Dominguez treat money as life energy: the hours you trade for it. Their 9 steps have you track every penny, price spending in hours of your life, ask whether each purchase brought fulfillment, and build savings until investment income covers your costs.
Your time
About 5.5 hours to read the parts that matter, instead of about 9.5 hours for the whole book.
Based on about 376 pages at 40 pages an hour, with skimmed parts counted at a third.
Raja's take
Start with step 2. Price your next big purchase in hours of your life. It's uncomfortable, and that's the point.
Read only these steps
Tap any step. Read: Step 2, Step 3, Step 4 and Step 8.
Step 2: Being in the present
Work out your real hourly wage and track every penny for a month.
4 ideas from this book
Your real hourly wage
Pay minus work costs, divided by all the hours work takes.
Price it in hours
Write each purchase as hours of your life.
The fulfillment question
Did this spending bring fulfillment in proportion to the hours it cost?
The crossover point
Track when your savings could pay your monthly costs.
Read it if
Small buys add up and money feels unreal.
Skip it if
You want a quick automated system. I Will Teach You to Be Rich is faster.
Used to fix
Fix 3 forI overspend every month
See the fixQuick answers
Is Your Money or Your Life worth reading?
Yes, but not all of it. Read 4 of its 9 steps: Step 2, Step 3, Step 4 and Step 8. They turn money into hours of your life, which changes how small buys feel.
Which parts of Your Money or Your Life should I read?
Read Step 2, Step 3, Step 4 and Step 8. Skim the parts marked skim for their 1 idea, and skip the rest on a first read.
Who is Your Money or Your Life for?
Small buys add up and money feels unreal. Skip it if: You want a quick automated system. I Will Teach You to Be Rich is faster.
Free PDF
Every chapter verdict, in 1 PDF
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