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Your Money or Your Life
Your Money or Your Life has spent a lot of time on the bestseller lists, and with good reason. The book is well written, and it takes an unusual look at the subject of money. While the authors do offer some typical tips on saving money, like potluck dinners, most of the book focuses on the big picture. Is your spending in line with your values? Do you buy things because everyone else does? When will you have "enough"? Is your job bringing meaning to your life, or do you just keep showing up on Monday mornings in order to pay the rent? Would you rather be financially independent and able to do things which you've longed to do, like volunteer, sculpt or follow a dream? Dominguez & Robin advocate stepping outside of our consumer culture and thinking of purchases in terms of one's time (based on your salary or hourly wage). In other words, that gadget costs 10 hours of your time -- would you rather have the time? While these questions alone would make for a thought provoking book, the authors go one step further and provide steps for aligning your spending and saving habits with your goals and values. The ultimate outcome of following the steps is financial independence, achieved by increasing your investment income and decreasing expenses. I highly recommend this book. Dollar stretching novices and veterans alike will find much good advice. Interestingly, the authors live what they teach. They are both financially independent, and are founders of a nonprofit organization called the New Road Map Foundation, which promotes thrift and a sustainable existence for all people. All proceeds from the book go to NRM and other worth causes; the authors receive no money. Anyone who reads the book will be interested in receiving the free newsletter that the authors provide through NRM. Simply write to them at New Road Map Foundation, P.O. Box 15981, Seattle WA 98115. See you at the library! Margaret A. is a library information specialist and freelance writer who lives in Illinois. Do you have a time or money saving idea that wasn't included in this article? Please send it to tips @stretcher.com. We get the best ideas from our readers!
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