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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 Paperback – December 10, 2008

4.5 4.5 out of 5 stars 5,690 ratings

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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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From the Publisher

Grant Sabatier quote

Oprah quote

LA Times quote

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

Joe Dominguez (1938-1997) was a successful financial analyst on Wall Street before retiring at the age of thirty-one by following the nine-step program he formulated for himself. He taught this formula for many years, and preserved it for future generations in Your Money or Your Life. From 1969 on, he was a full-time volunteer and donated all proceeds from his teaching to transformational projects.

Vicki Robin is a renowned innovator, writer, and speaker. In addition to coauthoring the bestselling Your Money or Your Life, Robin has been at the forefront of the sustainable living movement. She has received awards from Co-Op America and Sustainable Northwest and was profiled in Utne Magazine’s book Visionaries: People and Ideas to Change Your Life. She is also the author of Blessing the Hands That Feed Us: What Eating Closer to Home Can Teach Us About Food, Community and Our Place on Earth. She lives on Whidbey Island in Washington.

Peter Adeney, better known as
Mr. Money Mustache, is an influential financial blogger who retired financially independent shortly after turning thirty, and now writes about how to live a frugal life of leisure.

Product details

  • ASIN ‏ : ‎ 0143115766
  • Publisher ‏ : ‎ Penguin Books; Revised edition (December 10, 2008)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 368 pages
  • ISBN-10 ‏ : ‎ 9780143115762
  • ISBN-13 ‏ : ‎ 978-0143115762
  • Item Weight ‏ : ‎ 9.2 ounces
  • Dimensions ‏ : ‎ 7.76 x 5.08 x 0.44 inches
  • Customer Reviews:
    4.5 4.5 out of 5 stars 5,690 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
5,690 global ratings

Customers say

Customers find the book simple, well-written, and approachable. They also find the content profound, liberating, and transformational. However, some find the writing style wordy, repetitive, and long-winded. Opinions are mixed on the tone, with some finding it fun to read and others finding it boring and redundant.

AI-generated from the text of customer reviews

184 customers mention "Content"155 positive29 negative

Customers find the book's content profound, timeless, and helpful for understanding freedom and independence. They also say it offers practical steps to achieve financial independence. Customers also say the book has a core of good basic advice and is liberating.

"...Although a very practical and no-nonsense book, I think its results in one's life can still be magical." Read more

"...to the basic principles within this book, you can reach financial freedom with peace of mind...." Read more

"...The book left me invigorated, and inspired to live more simply so that I can spend more of my life “ working for a living instead of working for a..." Read more

"This book has a core of good, basic advice to help readers be more intentional with money.It is terrible as an investment guide...." Read more

62 customers mention "Complexity level"51 positive11 negative

Customers find the book easy to read, engaging, and simple. They also say the first 8 chapters are well thought out and methodical. Readers mention that the book asks them to do the work, and that the worksheets are clear.

"...The tools are simple too, and anyone can use them...." Read more

"...No fuss, no worry, no concerns about inflation.It's the old principle of the hare or the turtle...." Read more

"...They even have specific steps, worksheets, etc. to get you through this process...." Read more

"...And this book provides a practical step by step guide to getting there...." Read more

39 customers mention "Tone"13 positive26 negative

Customers are mixed about the tone of the book. Some find it approachable, applicable, and fun to read, while others find it boring, horrible, and unnecessary. They also mention that the exercises are totally impractical.

"...I see I am not the only one who felt like it was looooong and redundant, reading it was like being forced to go to Sunday school when I was a kid!..." Read more

"Well done. A delight to read. A clear and thorough way to get a grip on your money and your life!" Read more

"...I found it extremely tedious and a huge disappointment. Instead of this book, I would recommend Financial Peace Revisited by Dave Ramsey...." Read more

"...Overall the book is average to mediocre with the occasional pearl if you look hard enough and ignore the fluff and sometimes outright bad information." Read more

29 customers mention "Writing style"4 positive25 negative

Customers find the writing style wordy, repetitive, and hard to read. They also say the author is extremely long-winded and the book starts on a depressing note. Readers also say that some concepts are too radical to implement and the writing is negative.

"...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..." Read more

"...It uses way too many examples and repeats the same idea over and over. To me, it kind of reads like a sermon or a motivational speech...." Read more

"...The book is dense, sometimes repetitive and I found the case study examples boring after awhile...." Read more

"...go about using your money, this is for you, even if the author is long-winded in places." Read more

A Book about How You Think About Money
4 out of 5 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 May 14, 2024
I recently asked ChatGPT about the best books to become wealthy, and Your Money or Your Life was suggested. I went to check it out and then realized that I already had it on my Kindle, having bought it years ago. I had read most of the book but not all, and I hadn't used the tools suggested. Looking back now, it feels crazy that I had the simple solution for my financial chaos right in front of me - but instead, I was busy chasing quick fixes in other places ("success" retreats, woo-woo books, therapy, you name it).

I have now finally finished Your Money or Your Life and had a huge aha-moment that this is the approach I want and need for sound money management moving forward. I know that the book's method works because although I haven't used all of its steps, I've been tracking my income and expenses every day for eight months (using a Japanese money journal, a "Kakeibo"). After having struggled with money my whole adult life, I'm now FINALLY living within my means and I'm set up to start creating wealth. It would never have happened without getting conscious about my actions with money through tracking how I use it.

I think I probably dismissed Your Money or Your Life when I first bought it years ago because I wanted a shortcut to abundance, so those were the "solutions" I bought into. The problem is that none of the other methods really worked. Your Money or Your Life may not come in a sexy package, but it WORKS. The tools are simple too, and anyone can use them. If you're tired of financial chaos and feeling like you never have enough, read this book and USE THE TOOLS! Although a very practical and no-nonsense book, I think its results in one's life can still be magical.
13 people found this helpful
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Reviewed in the United States on August 11, 2024
After learning about the concepts in this book, I felt invigorated by the realization that some of my existing habits align with the FI strategy. While I may not consider myself frugal, I have made the most of my employer-matching investments and have seen positive outcomes by taking a hands-off approach to my investments. The real-life examples showcased in the book further illustrated how others have applied similar strategies to pursue their financial independence goals.
Reviewed in the United States on June 13, 2013
This is one of the top five classic books in the world of life planning and finance. Hard to believe but if you adhere to the basic principles within this book, you can reach financial freedom with peace of mind. I only wish that I had seen a book such as this when I was in my 20's. One of the key points is investing monthly in worry free Treasury Bonds. I did this by investing a third of our retirement funds in I Bonds. Now they have doubled in value earning a cool 5-6% a year after 12 years. No fuss, no worry, no concerns about inflation.

It's the old principle of the hare or the turtle. After 40 years I finally got it...the turtle wins out with the magic of compounding. If you just learn those two principles...compounding and Treasury Bonds and start as early as possible, you will be financially free with no risks. Yes. You can try the stock market. I did. Lost alot of money because I acted like a hare, jumping around from one trade to another. if you must use the market, I recommend you buy an Index Fund from Vanguard. Just put your money in every year over 30-40 years. That also works...but it's not risk free. You'll have lots of ups and downs with the possibility of losing everything when times get bad, real bad and you pull out.

To be honest, all of my teaching buddies made their fortunes in real estate by buying one house at a time. But...still not risk free and a lot of worry, work, and frustration. You want an easy way to financial freedom and a great life, read this book every year for the rest of your life. I rated it only four stars because it's too expensive for a kindle book and should be dropped down in price so it is more available to the public. This is a book that all of America needs to read!
25 people found this helpful
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Reviewed in the United States on July 17, 2024
An absolute must when it comes to money. Prioritizing life over money. Understand the influence money has on you and how to break free in order to use it properly, get the most value out of it, have more free time, peace of mind, and broaden your perspective of possibilities
One person found this helpful
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Top reviews from other countries

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Rafa
5.0 out of 5 stars Buen libro, aporta valor
Reviewed in Spain on May 30, 2024
Buen libro para saber como gestionar tu dinero
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.
2 people 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.
Jesse
5.0 out of 5 stars Life changing - a must read for . . . EVERYONE
Reviewed in Canada on July 15, 2020
This is THE one book I recommend to those that ask. The content is simple, but if you follow the steps accurately you cannot possibly lose. I'm four years into following the steps and I have all of the things it predicts - more time to do what I want, a much better living situation, extremely reduced costs, a high savings rate, a better job ( in fact because of the knowledge learned following the path I am now part owner of a small company) more time with my family, I know how to invest well and above all $110K in the bank and ZERO debts. In short, I'm in control.
10 people found this helpful
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