Book Review: Your Money Or Your Life

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Recommended: Essay about financial literacy

One of the most influential books toward personal finance that transformed many lives was “Your Money or Your Life” by Joe Dominguez and Vicki Robin. The book was able to change the lives of many because of how it was able to show the connection between solving money problems and solving work problems. However, it did not just come to be, but evolved through the fifty years of combined financial experience Dominguez’s and Robin’s brought to their writing. Experiences such as Dominguez’s financial success in Wall Street and Robin’s successful financial career in film and theater. Through this book they were able to demonstrate with examples, experiences and stories on how many people went about following the nine step program for financial success. …show more content…

The book starts out by explaining the “old road map for money” and goes on to explain that through gaining a better financial intelligence and Independence we can change this old way of thinking (7). However, it does not stop their, continuing by showing their vast amount of experience by putting forth nine simple steps to achieve financial intelligence and independence. Step number one being “Making Peace with The Past” (??). Because this is the first step it is the foundation of the program and allows the person to have an increase awareness on there present status, which then leads up to step number two. This step is “being in the present”, it is to now how much time and energy you are devoting to money. This step wants you to keep track of every cent that comes and leaves the home so as to better understand the third step. the third step is that of understanding “where is it all going”, money. this step doesn’t want the person to create a budget but to create a table of categories showing where everything is going so as to provide a stronger foundation for the steps to come. Step four, is that of recollection in which the person will go back and ask him or herself if they were fulfilled and satisfied for there money earned through time and energy. Step five than is to “Make Life Energy Visible” this can be done via a wall chart. it is a chart that reminds the

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