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Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018 Kindle Edition

4.5 4.5 out of 5 stars 5,594 ratings

A fully revised edition of one of the most influential books ever written on personal finance with more than a million copies sold

“The best book on money. Period.” –Grant Sabatier, founder of “Millennial Money,” on CNBC Make It

"This is a wonderful book. It can really change your life." -Oprah

For more than twenty-five years,
Your Money or Your Life has been considered the go-to book fortaking back your life by changing your relationship with money. Hundreds of thousands of people have followed this nine-step program, learning to live more deliberately and meaningfully with Vicki Robin’s guidance. This fully revised and updated edition with a foreword by "the Frugal Guru" (New Yorker) Mr. Money Mustache is the ultimate makeover of this bestselling classic, ensuring that its time-tested wisdom applies to people of all ages and covers modern topics like investing in index funds, managing revenue streams like side hustles and freelancing, tracking your finances online, and having difficult conversations about money.
 
Whether you’re just beginning your financial life or heading towards retirement, this book will show you how to: 
 
• Get out of debt and develop savings
• Save money through mindfulness and good habits, rather than strict budgeting
• Declutter your life and live well for less
• Invest your savings and begin creating wealth
• Save the planet while saving money
• …and so much more!

"The seminal guide to the new morality of personal money management." -
Los Angeles Times
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Popular Highlights in this book

Editorial Reviews

Review

"The best book on money period." -Grant Sabatier, founder of "Millennial Money," on CNBC Make It

"This is a wonderful book. It can really change your life." -Oprah

"The seminal guide to the new morality of personal money management." -Los Angeles Times

"Vicki Robin wrote the book on retiring happy. Now a whole new generation is taking her advice. [She is] the millenial money whisperer." -
Money Magazine

"Your Money or Your Life is a wise book...I am thankful to Joe Dominguez and Vicki Robin for getting so much of this started, as are countless thousands of other people who are now more free than they could have otherwise been." -Mr. Money Moustache

"Now as never before, it's time to stop trying to 'get ahead' in a race that both fixed and futile, and figure out how to organize your life so that it can be your life. Your one precious life, lived for yourself and for your community and for your planet. Your Money or Your Life shows you how to make the shift." -Bill McKibben

"If you want to invest in your financial future and (more importantly) your long-term happiness, I can’t think of a better investment than Your Money or Your Life.” —Brandon Ganch, "Mad Fientist"


“Vicki Robin’s Your Money or Your Life offers readers the gift of meaningful, applicable advice so that they can achieve true financial independence on their terms. It is deservedly one of the most acclaimed and referenced financial advice books of our time and will undoubtedly continue that legacy for generations.” — Farnoosh Torabi, bestselling financial author and host of the award-winning podcast So Money

"[
Your Money or Your Life] changed my life...I started believing that my life controlled my money. I began to see my life without the weight of debt and the need to chase a paycheck because I actually understood the path to get there." -Trent Hamm, "The Simple Dollar"

About the Author

Vicki Robin

Vicki Robin is coauthor of the national bestseller Your Money or Your Life with the late Joe Dominguez. Called the prophet of "consumption downsizers" by the New York Times, Vicki has lectured worldwide and appeared in various print and broadcast media including The Oprah Winfrey Show, Good Morning America, the Wall Street Journal, Newsweek, and more. She resides on Whidbey Island near Seattle, Washington.

Product details

  • ASIN ‏ : ‎ B0052MD8VO
  • Publisher ‏ : ‎ Penguin Books; Revised edition (December 10, 2008)
  • Publication date ‏ : ‎ December 10, 2008
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 5538 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Enabled
  • Word Wise ‏ : ‎ Enabled
  • Sticky notes ‏ : ‎ On Kindle Scribe
  • Print length ‏ : ‎ 366 pages
  • Customer Reviews:
    4.5 4.5 out of 5 stars 5,594 ratings

About the author

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Vicki Robin
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Vicki Robin is a prolific social innovator, writer and speaker. She is coauthor with Joe Dominguez of the international best-seller, Your Money or Your Life: Transforming Your Relationship With Money and Achieving Financial Independence (Viking Penguin, 1992, 1998, 2008). It was an instant NY Times best seller in 1992 and steadily appeared on the Business Week Best Seller list from 1992-1997. It is available now in eleven languages.

Her new book, Blessing the Hands that Feed Us; what eating closer to home can teach us about food, community and our place on earth (Viking/Penguin 2014) tells how her experiment in 10-mile eating not only changed how she ate, but also renewed her hope and rooted her in her community. She calls this “relational eating.” She went on to investigate how we might restore the vitality of our regional food systems so everyone could have the benefit of relational eating – healthy food, healthy communities. She calls this building “complementary food systems,” not to replace but to work along side of the global industrial systems we now depend on for almost 100% of our food. Her book offers many practical tools for transformation, from changing our attitudes, to changing our habits to changing our food sources to getting active in social and political change.

Called by the New York Times as the “prophet of consumption downsizers,” Vicki has lectured widely and appeared on hundreds of radio and television shows, including "The Oprah Winfrey Show," "Good Morning America" and National Public Radio's "Weekend Edition" and "Morning Edition"; she has also been featured in well over 100 magazines including People Magazine, AARP, The Wall Street Journal, Woman's Day, Newsweek, Utne Magazine and the New York Times.

Vicki has helped launch many sustainability initiatives including: The New Road Map Foundation, The Simplicity Forum, The Turning Tide Coalition, Sustainable Seattle, The Center for a New American Dream, Transition Whidbey and more. In the 1990’s she served on the President's Council on Sustainable Development's Task Force on Population and Consumption.

In addition to her sustainable consumption work, Vicki has been a leader in the field of dialogue. She co-created the Conversation Cafés method and initiative, promoting it first in Seattle and then throughout the world. Conversation Cafés are hosted conversations among diverse people in public places on subjects that matter. Vicki has spoken at workshops, conferences and to the media (Readers Digest, National Public Radio, Utne Magazine, The New York Times, The Seattle Times and many local media) about the Conversation Café method and its possibilities for revitalizing our public life.

For fun, Vicki is a comedy improv actress, appearing frequently with her troupe, Comedy Island.

Born in Oklahoma in 1945, Vicki grew up on Long Island and graduated cum laude from Brown University in 1967. She received awards from Co-op America and Sustainable Northwest for her pioneering work on sustainable living. Vicki’s one of 61 visionaries featured in Utne Magazine’s book, Visionaries: People and Ideas to Change Your Life. A&E Entertainment’s show “Biography” honored Vicki as one of ten exceptional Seattle citizens. She currently lives on Whidbey Island in Puget Sound.

Customer reviews

4.5 out of 5 stars
4.5 out of 5
5,594 global ratings
A Book about How You Think About Money
4 Stars
A Book about How You Think About Money
The Good: 'YMoYL' isn't a book about how to make sausage, so to speak. It's more about what's the while point of making the sausage at all. This book asks the reader to consider what is work, what is money, why are we here in the first place. For a book about 'worldy wisdom,' it's surprisingly spiritual.My favorite part of the book was the questions at the end of each chapter. "What are your 'gazingus pins' (those things you see and have to buy, for me, ironically enough, books on Amazon)? How does what you buy show what you value? Hell, what is money? The questions brought up are thoughtful ones.The Bad: Vicki Robin kinda just goes on and on. For somebody who's trying to talk up living simply and frugally (not bad things, imo), she isn't thinking about how much paper is being used for her book. I started rolling my eyes at the third anecdote of how Rosemary quit her job as an accountant at a big law firm to become a backpacker in Paraguay working with the underprivileged to develop clean water sources. I get it.TL:DR If you want a book showing you how to save money, don't buy this book. Get Ramjt Sethi's 'I'll Teach You to Be Rich' or something similar. If you want a book that'll make you reexamine long held ideas about money, work, and how we spend our money and time, as well as some tips in Chapter 9 to go about using your money, this is for you, even if the author is long-winded in places.
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Top reviews from the United States

Reviewed in the United States on April 18, 2024
I wish I had found this book 15 years ago. It has opened a great interest about putting my money to work for me, instead of me working for money. I'm starting the 9-step program today, and I'll share my results with the FI community as we evolve and transform into FIers ourselves.
One person found this helpful
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Reviewed in the United States on March 1, 2024
I'll make a broad comment and say most Americans don't RESPECT money as a limited resource. Yes, there is potential to make more, but if someone has the same counter-productive habits regarding money, nothing will change. This is a GREAT book to understand the role of money in one's life. A MUST read for anyone trying to educate themselves about financial literary. Should be required reading for young people!
2 people found this helpful
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Reviewed in the United States on February 27, 2024
I read an earlier edition ofthis book sometime ago .This edition has been updated with more current information and scenarios but the core message remains manage your daily activities focusing on those that give most utility and money will take care of itself. That's the formula for financial independence.
2 people found this helpful
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Reviewed in the United States on September 24, 2009
Vine Customer Review of Free Product( What's this? )Verified Purchase
A couple of years ago I counted all the personal finance books that I had read (as I began to downsize my collection and get rid of most of them) and I counted 43. That really surprised me as I had never thought that I could have possibly read as many -after all, if I had my back turned to the bookshelf I probably could only name 10. Without a doubt, this book/cd would be in the top 5 that I have ever read/listened to.

Ok, so this isn't a book, but it is based off of a book, which I have read, and which is a more detailed version of this CD. Having had read the book I wasn't sure that I would get as much out of the CD, but I was wrong. I have already listened to the (second) CD three times, and each time I got a little more out of it.

What makes this CD so powerful is that the approach is not a method, or a system, it is deeper than that, and it ties to your core values. It approaches finance by having you look at how you think and how you spend, and it shares an understanding of how you translate your thoughts into an accounting of your life energy -the limited time on earth that you have to work at your job, earn money, and be with your family. It is as much a CD of philosophy, as it is of finance. Having read the book a year earlier, and having listened to the CD afterwards I suddenly started realizing that a lot of the little purchases that I was making were only delaying my true life goals. Things that I used to spend money on without thinking, now don't call out to me as much, and things that are more in tune with what I really want, seem even more appealing. This isn't about scrimping and saving, this is about finding your priorities and asking yourself with every purchase -is this taking me closer, or further away from my life goals? It is so empowering; your life goals are YOUR life goals -they are not someone else's, and your goals can't be "wrong". Whatever is important to you, is what you focus on.
The first CD is an introductory CD, and is worthwhile listening to, but not something I would listen to over and over. The second CD, however, is where the philosophy is broken out, and where the genius lies.

What a wonderful CD, and what a wonderful companion book. If you don't like reading, or are not sure about "studying" a book, then I highly recommend buying this CD and listening to it -at least twice. If, after that, you feel like it means something to you, then go out and buy the book.

I offer this philosophy my highest recommendation. If done well, it can truly change your life.
40 people found this helpful
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Reviewed in the United States on July 23, 2023
After reading about half of this book, I felt that it’s content was a bit basic. I was wrong. A few weeks later, I reflected on my own behaviour and relationship with money. With a “no blame, no shame” mindset (encouraged by the author), I realised that I was making excuses for certain behaviours. Once I gained more awareness about certain taboos (both income and expense related), I was able to take action. This allowed me to get creative about my options to reallocate capital from poor performing investments to paying off expensive debts rapidly. I’m glad I read the book. Had I not taken the time to absorb the advice, I would have continued making excuses about poor investment returns, missing the opportunity to eliminate expensive, interest payments on debts. Grateful!
10 people found this helpful
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Reviewed in the United States on August 20, 2023
This book has a core of good, basic advice to help readers be more intentional with money.
It is terrible as an investment guide.
It is too long.

Seriously, this book could have been a pamphlet, but it's jam-packed with anecdotes, repetition of earlier points, and general clutter that makes me wish for a Cliff's Notes version with every fiber of my being!

So here's the overview I wish I'd had before buying it:

The core principal of the book is:
your money = your time = your life
So a job is a way of trading a portion of your life for money, and spending money is trading part of your life for what you buy. This can be a useful way to think about money, and now you know it and can skip the first chapters.

Thinking this way could cause you to reconsider some of your priorities, so the book then tackles a few related questions in the next chapters:
Where is my money going?
How can I align my spending with my values?
How much money is "enough"?

These are good questions for anyone to think through, and it's hard to overstate the value of having a solid understanding of where your money goes. They even have specific steps, worksheets, etc. to get you through this process. If you are willing to invest time and effort (or in the authors' words, some of your "life energy") into following the letter of their instructions, then you might get a lot out of these chapters.

Most of the rest of the book deals with your net worth, visualizing it, and maximizing it by spending less and earning more. The visualization piece is likely to be useful for many, as it shows where you've been, where you're going, and let's you clearly see the impacts of your past decisions (and circumstances).

But the last two chapters of the book are problematic. The authors attempt to tackle the whole field of investing by devoting a paragraph or two to each of a huge array of complex topics. You know, there's a reason that we have a bajillion books on investing, and it's not because successful investing is simple! So instead of reading these chapters, go and find an investing book that's highly rated and referenced (like "A Random Walk Down Wall Street" by Burton Malkiel), and read that instead.

Overall, if you're just beginning to think critically about your money, this is a fine place to start. Just be ready to skim a lot of surplus paragraphs, be willing to find all your financial statements and do a little math, and be sure to ignore the last two chapters.
32 people found this helpful
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Top reviews from other countries

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imtias hussain
5.0 out of 5 stars Just finished it and this is gonna be my Bible.
Reviewed in India on March 27, 2024
I loved it. It Came at a crucial time in my life. I am glad I could complete it and I will try my utmost best to bring it into practice.
One person found this helpful
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Amazon Customer
5.0 out of 5 stars best guide for financial independence
Reviewed in the United Kingdom on March 17, 2024
Best reasonably achievable guide for earlier financial independence.
One person found this helpful
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Carlos S
5.0 out of 5 stars Gran libro!
Reviewed in Mexico on June 13, 2021
Uno de los más grandes libros para hacer introspectiva de la relación que tenemos con el dinero.
MULA JACOB
5.0 out of 5 stars Facile à lire
Reviewed in France on May 6, 2021
Simple et facile à lire
One person found this helpful
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Glauber Cardoso de Oliveira
5.0 out of 5 stars Timelessly embased thoughtful book
Reviewed in Brazil on September 28, 2019
The deep questions insightfully invite us to transform ourselves by changing our relationship with our work and life energy, time and money.
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