How many of you have read this book? I picked it up, based on Leo's repeated recommendations, and I've only gotten to chapter 4 so far, and I'm a bit blown away. I'm reading it in small doses, cuz it's a bit overwhelming to look at my financial situation that honestly...
what are your thoughts on the book? Have you applied the principles outlined in it? Were you able to keep the program going over time? or was it a "nice idea, but I can't deal with it right now" kind of experience?
I'm looking forward to hearing everyone's answers!
aloha,
Randy
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Randy, I've read YMOYL and really need to do so again. I'm pretty sure Trent at The Simple Dollar blog is going to be leading a discussion group on it beginning in October. It's a book that deserves thought.
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I read it years ago, so it is a little fuzzy in my head, but I know it has changed my thinking.
I have been debt free for almost 3 years now, and it has allowed me to work less and enjoy life more.
I have been debt free for almost 3 years now, and it has allowed me to work less and enjoy life more.
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I outta check it out sometime. Is it basically just talking about how you should live your life by following your passion and not just following the money trail?
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I remember the first time I saw the documentary Affluenza. (Joe Dominguez was still alive back then). I thought that it was great that people could live well on a few thousand dollars a year. Of course, I got the book out of the library about twenty times. I eventually bought myself my own copy!
If you've never seen the documentary, try and find it. It's a bot hokey and low-budget, but I've gone through two videotapes of it with lending it to friends and acquaintances.
If you've never seen the documentary, try and find it. It's a bot hokey and low-budget, but I've gone through two videotapes of it with lending it to friends and acquaintances.
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Jon - sorry, I didn't reply to your question. Actually, it's a step-by-step guide, with worksheets, on how to track your spending, develop a budget, and compare the things we get for money. It gets you to think about how many hours you have to work to afford a certian thing and if it's worth it for you.
I recommend this book to everyone!
I recommend this book to everyone!
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I'm trying to work through the steps right now. I've done the net-worth thing, and the figuring-out-how-much-you-actually-make-an-hour thing, and both were very revealing. What will probably sickening will be totaling my spending and analyzing it, which I'll be doing for the first time tomorrow. Gulp. Following the steps in this book requires incredible honesty, and made me, at least, realize how sick my relationship with money has been.
MfC
MfC
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