Woodfolks.com is going to review a book a month. You at home can read along with us and post comments. More info on the way. Each month We here at Woodfolks.com will post our opinion and give you an overview here — https://www.facebook.com/RealityTVMustardSproutMedia
Book Review #1
Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial MORE
by Vicki Robin and Joe Dominguez
9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence.
From the Back Cover:
There’s a big difference between “making a living” and making a life. Do you spend more than you earn? Does making a living feel more like making a dying? Do you dislike your job but can’t afford to leave it? Is money fragmenting your time, your relationships with family and friends? If so, Your Money or Your Life is for you.
From this inspiring book, learn how to
I should have read this book 20 years ago. It has a lot of the same general ideas that we have here on woodfolks.com. Our property that we call “Cedar Grace” follows many of the principles set out in this book. We however take a more back to the land approach. Joe and Viki formed a movement called the New Roadmap Foundation.
9 Steps (More info in the book):
Step 1: Make Peace with your Past
Step 2: Figure out your Real Earnings and Spending – Every Penney.
3: Create Monthly Reports On Spending and Income.
4: Ask Questions like: “Did I receive fulfillment in proportion to the hours of life energy spent?”
5: Keep a chart (prominent) graph of income and expenses.
6: Learn to Value your Life Energy.
7: Maximize Earnings
8: Watch for the Crossover (Golden Cross – John Elden)
9: “Become knowledgeable and invest your capital”
The down side: most of this life style was funded with municipal / government bonds (12% at the time). Yields are not the same now. I have not read the updated book.
Combine the ideas in this book with a closer look at income and investment. Step number nine points this out.
I strongly suggest reading this book – John Elden
Also a revised edition: Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018
*We do not make a dime from this book or review.