Book Reviews

Your Money or Your Life by Vicki Robin and Joe Dominguez

I’m five books into my 75 book challenge this year and this is my favorite book I’ve read so far. It really got me thinking about my time and how I spend it and I wanted to recommend it to you all and tell you a bit about it.

This book has been out for a long time, but recently a revised edition was published to fit into more of the technology and millennial mindset of todays new adults. The book is essentially a nine step program to become financially independent and start seeing the value of our time.

A particular gem in the beginning of the book really got to me and startled me quite a bit. Robinson actually describes my work day 100% Monday-Friday.

We act busy, scroll through social media feeds. Hide mistakes. Smile when handled impossible deadlines. Give a sigh of relief when the ax known as “restructuring” or “downsizing” or even “lay off” falls on other heads. Shoulder the added workload. Watch the clock. Argue with your conscience but agree with the boss. Smile again. Five o’clock. Back in the car or on the bus or train for the evening commute. Home.

Vicki Robinson, Your Money or Your Life

I had to close the book at this point for a few moments. This is me. 40 hours a week. 40 hours of my life energy, plus five for the forced lunch I have to take, plus five more for the time I spend commuting to work, plus five more for the time I spend when I get home to complain about work problems.

Honestly, I really like my job. I worked really hard to get here as you’ll see in my “Week Three – Honest Photos – Career and Money” post that will be up this weekend. I work with amazing people and I get to work on really cool projects that make a huge difference in people’s lives. But if I had one million dollars tomorrow would I still work here? No. I’d stash that money into savings, work 3 days a week part time to support my basic needs, and spend the rest of my time writing. Writing is my passion and what I enjoy doing. I work so I can pay my bills and live in a home and write inside of that home for the few hours I actually get to myself. My other passion? Traveling. I get ten PTO days a year to travel. I manage to fit in a lot with that time, taking extended weekends and stretching out time off next to holidays, but I’d like to do more. I’d like to sleep in. Take care of my body. Walk more. Not be so tired all the time.

This book really helps you think through what you want with the the small amount of life energy you have left. At the end of the day our most valuable resource is our TIME. How do we want to spend it? How much do we really need?

I encourage anyone who has these thoughts to read this book. There’s an amazing step by step program to look at your finances and discover your real hourly wage and honestly get a good feel for what you want to do with your life.

A better summary of the book can be found here, you can buy it on Amazon here, and my personal recommendation is that you can get it from your library! For free! You guys, the library is seriously amazing. Check it out. If you have an e-reader you can even get the book delivered there for free like I did. Plus you’d be supporting your local library. Win-Win.

“We aren’t making a living we are making a dying. What we do for money dominates our waking hours and life is what can be fit into the scant remaining time”

2 thoughts on “Your Money or Your Life by Vicki Robin and Joe Dominguez

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