Your Money or Your Life

Your Money or Your Life

Vicki Robin, Joseph R. Dominguez, Monique Tilford

📅 Finished on: 2020-04-16

💰 Economy
⭐⭐⭐⭐

Nine Magical Steps to Create a New Road Map

Notes

  1. Make peace with the past: tally total earnings and total liabilities of your life
  2. Be in the present: calculate life energy and track every cent that comes in and goes out
  3. Where does it all go? Monthly tabulation with a large spreadsheet, converting amounts into life energy
  4. 3 fundamental questions: do I have satisfaction/fulfillment, is it in line with my values, and how would it change if I did not have to work “for a living”? + or -
  5. Show Life Energy: Wall Chart with the trend over time of income - expenses
  6. Value Life Energy: rules for saving, focus on true needs
  7. Value Life Energy 2: maximize earnings, maintain integrity
  8. Crossover point: the point where your passive income equals your expenses
  9. Manage finances: bonds & co, fairly outdated.