Book Review: 'Your Money or Your Life'

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Just wanted to say that I love this site and find it an invaluable resource to my studies! I have read this book "Your Money or Your Life." You have summarized it very well. Some of the lessons that I have learned from this book are following:-

1. This book brings you to an interesting journey of your past and encourages you to calculate how much money you have earned in the your life till now.

2. Then you need to calculate your actual net worth. Your net worth is equal to your total assets minus your total liabilities.

3. I think this simple exercise can open eyes of many people and bring them back on the road to financial freedom.

4. Calculate how much money you are earning per hour.

5. Write down all the expenses you make each day for a few months.This simple exercise will work magically to reduce your expenses.

6. you need to ask yourself this question before making any acquisition decisions that – Does this acquisition will bring the true fulfillment and satisfaction in my life in proportion to the life energy spent on the work?

I highly recommend this book to all. Thank you so much for this book review. This article was very helpful.

readtoawake of NY 11:47AM January 22, 2012

It's quite nicely written. Most of the things are common sense and yet often forgotten. It's good t be reminded from time to time and just make it a second nature in handling money (and life).

The new addition came out back in December of 2008. The fundamental concepts and ideas are consistently with the previous editions for those who are interested. I got it at Amazon for about $10 then.

On the note about Amazon, I recently came across an interesting table that details the discounts on Amazon. Maybe someone will find it useful too (second tab from the left).

It is at http://www.uberi.com

Denise of WA 1:23PM March 03, 2009

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Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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