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Your Money or Your Life - the book

A great resolution for the new year is to READ MORE BOOKS and WATCH LESS TV.  It’s on my family’s list, to be sure.  A great book to start off with is Your Money or Your Life by Joe Dominguez and Vicki Robin.  I read this one a few years ago, and it totally changed my perspective on work and purpose.  This is a great one to read if you are really trying to establish a healthy budget and financial gameplan.  It is not going to outline it all step-by-step, but it is a great one to read if you are starting that process.   It will get your head in the right place. 

A brief synopsis:  The authors were living in the rat race, and wanted a different game plan.  They started by outlining every penny that they spent (it’s not really that hard to do, if you try), and seeing where their spending patterns were falling.   They set out a plan to reduce spending, and increase savings, with the intent to drop out of the corporate world, and be able to live on their savings, and do what they wanted to do, which means different things for different people.  Maybe it means you quit your job where you are travelling out of town 4 days a week, and take a lower paying job just down the street from your home.  Or maybe you want to retire early, and work at a homeless shelter, or build homes for Habitat for Humanity.   

If nothing else, read it to get a fresh perspective.  Its a whole lot more than the “save more, go out to eat less” drivel that alot of financial experts are pushing right about now.

Check out the authors web site here.