#7,098 in Books
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Reddit mentions of Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018
Sentiment score: 4
Reddit mentions: 13
We found 13 Reddit mentions of Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018. Here are the top ones.
or
Specs:
| Release date | December 2008 |
It's the one by Vicki Robin and Joe Dominguez. Vicki did an update in 2018. Here's a link to the updated version:
https://www.amazon.com/gp/aw/d/B0052MD8VO/
I think you should start out doing this after you have eliminated your debt and built up an emergency fund. Do not forget to work out a budget for yourself. Get an idea of where you are spending your money and where you can eliminate nonessentials. However, you should also put money aside to further diversify your holdings - maybe real estate, REITs, something along these lines. You do not want everything tied to just the stock market.
Make a goal for yourself to read some money books, gather info on investing, minimizing risk and maximizing your returns.
If you do not know what to read then I recommend starting with any one of these 3 books:
Your Money or Your Life: http://www.amazon.com/Your-Money-Life-Transforming-Relationship-ebook/dp/B0052MD8VO/ref=tmm_kin_title_0?_encoding=UTF8&sr=8-1&qid=1420819430
The four pillars of Investing: http://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW/ref=sr_1_1?ie=UTF8&qid=1420819486&sr=8-1&keywords=The+Four+Pillars+of+Investing
MONEY Master the Game: 7 Simple Steps to Financial Freedom: http://www.amazon.com/MONEY-Master-Game-Financial-Freedom-ebook/dp/B00MZAIU4G/ref=pd_sim_kstore_9?ie=UTF8&refRID=12D5S57JYCVNH5C0FX99
Use the time you have now to start building your nest egg and save muuuch more then 10% a year - something like 50% or higher if you can and you can choose to stop working much sooner then the 67 they have us pegged for.
> looks to me like you're spunking away a minimum wage salary worth of discretionary spending, while you owe £10k.
I wouldn't have used quite such strong language, but IMO this is the reality OP has to face.
I bet he's spending money on crap because he hates his job so much.
Your Money or Your Life might be worth a read.
IMO OP needs to have a bit of a "moment of enlightenment" about what he wants in life - just a few months, as you say, of sorting himself out would turn everything around.
It feels to like he's spending money because of the expectations of his family and girlfriend, who don't see the big picture. Keeping up with the Joneses?
Very sorry if this sounds judgmental OP - I've made a financial mess of things more than once myself, so it's easy for me to say with hindsight and, now, sitting in a position of comfort.
I'm not the one you asked, but my library had Your Money or your life very FI book, highly recommend!
Read this First - This is an infograph that summarizes every financial blog/book I've looked at.
Books I've read that have been very helpful
Books I haven't read but ppl reference:
Sites to Reference:
Reddit: (Search Top Posts All Time)
/r/financialindependence
/r/Personalfinance
/r/FinancialPlanning
/u/FilipinoTCK
What kind of financial tips do you imagine we would have that /r/personalfinance would not?
Personal money management is pretty much a brightly lit subject. Not many mysteries.
For the basics, I recommend Get A Financial Life. Excellent information for people beginning personal financial planing, but written in an upbeat style for people who don't find the subject interesting.
If you want something "alternative" read Your Money Or Your Life. It was written by high finance professionals who dropped out of mainstream life. The book is a "philosophy of money", it makes you look at many unconscious assumptions about your money and the way you life your life that most people never think about. Even if you stay in the rat race you will feel affirmed, knowing where you are going and why.
Lastly, as far as what "/r/personalfinance will not tell you" types of thing go, I would say move to a cheaper place. Rent and mortgage are usually the biggest expense in a person's budget and is mostly intractable. If you can tolerate living in a less fancy or close place, do so, you will save the most money by doing this ( along with what others have mentioned about not having children if you are so inclined ).
"Your Money or Your Life" by Vicki Robin.
There's a new edition just out, but last edition would be fine and on sale used.
https://www.amazon.com/Your-Money-Life-Transforming-Relationship-ebook/dp/B0052MD8VO/ref=dp_kinw_strp_1
The book, "Your Money or Your Life", delves into this idea on a deeper level. Highly recommended for anyone looking to get control of their spending.
You're going to feel like deleting your comment. https://www.amazon.com/Your-Money-Life-Transforming-Relationship-ebook/dp/B0052MD8VO
Read the book Your Money or Your Life if you want to make this concept work for you!
Definitely an interesting book, it puts spending habits into perspective. If you make $15 per hour after taxes, is that $5 latte worth 20 minutes of your time (life energy)?
https://www.amazon.com/Your-Money-Life-Transforming-Relationship-ebook/dp/B0052MD8VO/ref=sr_1_1?ie=UTF8&qid=1494865336&sr=8-1&keywords=your+money+or+your+life
Your Money or Your Life was a pretty good book that explained this well. The audiobook is narrated by the author and if given the chance, I'd hold her underwater until the bubbles stopped. She had the worst voice I've ever heard.
The Millionaire Fastlane was also a readyy good read. Highly recommended.
The Millionaire Next Door was a fantastic read and the book that got me started thinking about financial independence and the concept of FIRE. It's a bit dated (late 90s I think) but still some amazing information in there.
Check us out at /r/financialindependence and /r/leanfire. If you haven't, definitely visit /r/personalfinance and check out the sidebar and wiki - there's some AMAZING information and guides for all ages and walks of life.
I wish so hard that I found out about this stuff and had the resources available now when I was 18, and not when I turned 31. But oh well, such is life.
/u/typhuslol do feel free to PM me if you want to chat! I'm happy to share the lessons I've learned in the past few years of pursuing financial independence!
A lot of personal finance is also country-specific. I could recommend a few Dutch books (I live in the Netherlands), but A. you probably couldn't read Dutch and B. our specific laws and investment opportunities etc are not applicable to you.
I would visit a public library and/or a few bookstores, and browse through the "finance" or "manage your household" section to know what kind of books there are in Danmark about this topic. Then read several.
I'm guessing you would want to cover topics such as budgeting/planning, saving and investing, debt (hopefully never necessary, but who knows), pension/retirement, income tax.
There are some books that are more or less universal, they are about how you handle money in general. I liked "Your Money or Your Life", because it makes you think about how to be careful with your money and how to spend it more on the things that really matter to you.
I also quite liked "The Bogleheads Guide to investing", but you should be aware of the fact that some opportunities that they suggest in that book aren't available to you (a 401k, a Roth IRA), and that American people get taxed on profits from their investments when they sell them, which leads to specific tactics that might be counterproductive if your country has a different tax system on your assets / profits from assets.
There are a lot of US books available about "Getting rich quickly" or "Becoming a millionaire". Some of them are good or inspiring, others were an attempt of the writer to "get rich quickly" and don't have any real merit for the readers.
That's also why I say to read several books: if there's one Danish author who is full of bullshit but somehow selling well, you don't want to have only his/her opinion on topics, you want to have several and then think for yourself who makes more sense to you...