Your Money or Your Life

The Money Trade

If I had to point to one idea that really shook my financial thinking and showed me the value of turning my finances around, it was the concept of exchanging my life’s energy for money, as explained in the wonderful book Your Money or Your Life. The idea is actually pretty simple on the surface. …

Another Look at the Fulfillment Curve

Almost five years ago, I posted an article on the idea of the “fulfillment curve.” For those unfamiliar with it, the “fulfillment curve” is an idea presented in the book Your Money or Your Life which says that there‚Äôs a sweet spot for anything that maximizes the fulfillment you get out of it. In fact, …

Money Is Something We Choose To Trade Our Life Energy For

The title of this post is a sentence that appears in bold on page 51 of Your Money or Your Life. In fact, it appears twice in bold on that page. Money is something we choose to trade our life energy for. This applies to virtually every financial transaction we make. When we work, we …

Revisiting the Three Questions That Will Transform Your Life

Three and a half years ago (has it really been that long?), I wrote a post on the three money questions that will transform your life. It was part of a lengthy discussion of the book Your Money or Your Life, from where those questions derived. As I look back on the financial lessons I’ve …

Do Extreme Savers Even Need to Worry About Retirement?

I got a wonderful email from Alison about extreme saving practices and how they impact retirement. I originally intended to include it in yesterday’s mailbag, but my response grew so long that I felt it needed a post of its own. Take it away, Alison: I’ve recently read Your Money or Your Life and wanted …

What Is Escapism? How Does It Cost Me?

Marti writes in with a question about the second step of Your Money or Your Life: Step two, and I’m sure you remember, is about figuring out what hourly wage you’re actually earning at your job, once you factor in the commute, clothes for the job, lunch food and fast food, etc. I’m looking at …

The Simple Dollar Time Machine – August 29, 2009

Many newer readers of The Simple Dollar haven’t been exposed to the hundreds of great articles in the archives of the site, so this is a weekly series that highlights the five best posts from one year ago this week, as well as the five best posts from two years ago this week. I call …

Having Enough for Life

I am absolutely honored to feature a guest post today by Vicki Robin, someone who I’ve had the privilege to get to know a little over the last year or so. Vicki is co-author of Your Money or Your Life, one of the books that changed my life. Currently, Vicki is teaching tele-classes about money …

How to Get a High-Paying, High-Integrity Job

One of my favorite sections in what is undoubtedly my favorite personal finance book, Your Money or Your Life, discusses the process one can go through to find a job that is both high in integrity (meaning it’s actually in line with your values – you’re not selling your soul or killing your spirit by …

An Interview With Vicki Robin, Author of “Your Money or Your Life”

Vicki Robin is one of the authors of Your Money or Your Life, the personal finance book that, more than any other, influenced how I think about personal finance and how it relates to how people live their lives. Recently, I had the opportunity to speak with Vicki and ask her a few questions about …

Some Thoughts on the Revised Edition of Your Money or Your Life

I’ve mentioned time and time again on The Simple Dollar that there is one personal finance book that, in my eyes, stands out above all the others. It certainly changed my perspective on money – I read it just as I was becoming aware that I needed to turn my financial life around and it …

Stop Trying to Impress Other People

Imagine, just for a moment, that you find yourself on a desert island with just you and four or five of your closest friends and relatives – the people you care about the most in this world. The only people around are the people that care about you. On this island, you can have whatever …

Some Thoughts on the Fulfillment Curve

One of the best concepts from Your Money or Your Life is that of the fulfillment curve. Basically, the idea argues that there’s a sweet spot for anything that maximizes the fulfillment you get out of it. If you spend more, your fulfillment starts to actually decrease. I often reflect on this concept. I see …

Six Ways to Break Free of the “Purge and Splurge” Cycle

Just this morning, I was leafing through my favorite personal finance book of all, Your Money or Your Life, when I came across the idea of the “purge and splurge” cycle. From page 148, discussing what happens after you start buckling down and paying serious attention to your financial state: In the first month of …

Review: Getting a Life

Each Friday, The Simple Dollar reviews a personal finance book. I’ve been looking forward to reading this book for a while. Getting a Life is a pseudo-sequel to Your Money or Your Life, which I absolutely loved and have referred to countless times on The Simple Dollar. Although it’s written by different people, it’s endorsed …

Your Money or Your Life: Final Reflections

This is the thirtieth and final part of The Simple Dollar Book Club reading of Your Money or Your Life. Want to know more? Your Money or Your Life has done more than any other book I’ve ever read in terms of changing how I view money. It truly brought to life the connection between …

Your Money or Your Life: Additional Resources

This is the twenty-ninth part of The Simple Dollar Book Club reading of Your Money or Your Life. Want to know more? The book closes with an excellent list of resources for materials related to the themes of Your Money or Your Life. I investigated several of these and found a few well worth noting …

Your Money or Your Life: Cushions Make For Softer Landings

This is the twenty-eighth part of The Simple Dollar Book Club reading of Your Money or Your Life. Want to know more? Finally – the last section of the book itself. Although this “book club” isn’t quite finished, this is the last piece of actual text from the book, as today’s reading finishes up the …

Your Money or Your Life: Three Pillars of Financial Independence

This is the twenty-seventh part of The Simple Dollar Book Club reading of Your Money or Your Life. Want to know more? According to Your Money and Your Life, the three pillars of financial independence are capital (the amount you have invested), cushion (a cash reserve/emergency fund), and cache (your saving habits and frugality). This …