Sunday, September 6, 2009

Your Money or Your Life by Joe Dominguez & Vicki Robin

Read: 2 September, 2009

Your Money or Your Life is one part financial advice, two parts general life advice. The nine steps of the "program" are designed to help the reader think about their values and align their life so that there is as little that contradicts those values as possible. That these steps also help the reader get their finances in order, cut down on living expenses, and, eventually, become financially independent is almost incidental.

In following the steps and, according to the authors, learning to live (to truly enjoy being alive and filling the day with meaning as opposed to obsessing over how to get money, how to spend money, and how to pay the bills), the reader may also have more money available. Rather than 'your money or your life,' the end lesson of the book is 'your life and the money that facilitates its living.'

Whatever small flaws this book may have (the assumption that the reader is religions and American, some repetitive passages, the occasional Nervous Nelly advice), it more than makes up for by being among the first logically sound, no-nonsense, 'this won't be easy and the onus is on you to make it work' self-help book I've ever read.

While my family benefited little from the financial advice (nearly all the tips are things that we already do), I found the general life advice to be very thought-provoking. My husband and I have been inspired to re-evaluate our values and goals. In other words, there is something in this for everyone - even those who are not in debt and relatively financially secure. It would not be an overstatement for me to say that everyone, regardless of age and financial situation, should read this book at least once and, preferably, going through the first four steps.

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