13 of 14 people found the following review helpful
This review is from: Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Ind ependence: Revised and Updated for the 21st Century (Paperback)
Overall a great book. Although some of the advice in the book is obvious (which some negative reviewers have point out), such as reduce your spending, increase your income, there is a more interesting and deeper message in the book. The idea of the fulfillment curve is what really made this book great. This curve, and the book, asks you how much material/luxuries is "enough" for you. There is a point where fulfillment drops the more and more we buy and consume. They set out a way for you to figure out what is "enough" by asking yourself three main questions: 1) did you receive fulfillment from the item in comparison to your life energy spent? 2) is the spending in alignment with your values and purpose? 3) would the spending change if you were not working?
This is the great piece of this book. It's a little bit of a philosophical approach to money. How much do you value your life (ie your time on this planet) and how much do you want to sacrifice it to buy these luxury items?
The nuts and bolts of the plan, I agree with the negative reviewers, is not as good. The original book had you invest in Treasury bonds only but the most recent edition has you consider mutual funds. This is definitely not a investment book, there are much better ones.
Again, the most interesting and best part of the book is: how much is enough for you?