Yes, they were doing it before there was Instagram, you know, and really to write a book you have to really explain things in detail, which is the stuff I love. I would be fine, but I don’t drink wine. So when you buy something, it’s really your life energy that you are paying with, disguised in the form of money. -Oprah For more than twenty-five years, Your Money or Your Life has been considered the go-to book for taking back your life by changing your relationship with money. Narrated by Vicki Robin. And if you say that and your whole body system believes that, you will do anything, you will change your diet, you will exercise, you’ll, you know, go to the gym, you’ll be doing wall climb, you’ll do everything because you’ve told your mind that this is the thing you want. Sign up for HerMoney today. Right. Who better to guide us than Vicki Robin, co-author of the seminal book “Your Money Or Your Life,” which challenged a generation to do just that. The theory didn’t work. So instead of tweaking the traditional model around the edges, these young people are saying, let’s just blow up the whole concept of career, and retirement, and start from scratch. Jean Chatzky: (27:31) Now I get to be free another day. So I, I learned a lot about livestock production and farming and, and this whole idea now re localization was my key. Download EPUB    Mirror ** Ardbark is currently replacing all links on the site with direct downloads. Jean Chatzky: (11:05) Exactly. Hundreds of thousands of people have followed this nine-step program, learning to live more deliberately and meaningfully with Vicki Robin’s guidance. And I have the $2000 limit on this card and a $5,000 on that, and and I have that much money. Not just me personally, you know, dipping into the macroeconomy, but my community, what does my community, what flows through my community? Kathryn Tuggle: (38:14) We record this podcast out of CDM Sound Studios. 2 Comments » Welcome… August 15, 2009 … to my home on the Web.I’m glad you’re here to learn about my new ways of teaching the Your Money or Your Life approach, and about my other social change projects. Your money or your life, indeed. The amount he needed to live. Jean Chatzky: (27:27) Essentially, once you make the switch, your goal should be to pay down your debt as quickly as possible before the 0% rate expires. Jean Chatzky: (32:21) Yeah. Great question and there are so many people in this boat because a lot of small employers don’t offer 401(k)s, it’s, it’s an expensive benefit to put on their menu, in some cases. But here’s where we are stuck. The goal is to find and have “enough” (and then some) rather than always seeking “more”. ‘Cause it’s different for everybody. Free download or read online Your Money or Your Life pdf (ePUB) book. Save the planet while saving money This is a rare opportunity to dig into the methods presented in the widely celebrated, bestselling book Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence, co-authored by Vicki Robin … Psychological: Money represents our fears and desires. And this American habit, and I think it is truly American, I don’t think it’s as ingrained in other countries, of just comparing and measuring up. I want to learn a little bit about where life has taken you in the last decade. A lot of it has to do with, you know, just understanding myself and my own life and my own psychology and being a good person and helping others out, you know, the whole girl scout boy scout thing. If the links above are bad send the name of the book and the author in the box below ** What do we have in mailbag today? And how can I work together with others to meet and greet what’s coming? So I would absolutely take a look at that. I mean I have… How do we get ourselves to embrace enough and to know what’s enough for us? I lost weight. Money is your life energy. We can see it now. She’s not in Seattle or near Seattle where she usually is. I think there’s another happiness with Your Money Your Life. Yours already does, so I probably wouldn’t go down that road. -Oprah The seminal guide to the new morality of personal money management. Can you just give us a little bit about how you got on this journey to begin with? Our music is provided by Track Tribe and our show comes to you through PRX. Number one, yes. In 1992, Vicki Robin (and her partner, Joe Dominguez) published Your Money or Your Life, a book designed to help readers transform their relationship with money. What does it really mean to have “enough”? For me, that was like my social conscience wake up call, is I wanted to do what I could to interrupt that, you know, drive off the cliff. “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. Why do you care about it? Jean Chatzky: (38:11) Brought about by a desire to pursue intentional living, Robin and Dominguez experimented with frugality and simple living and found it was possible to live on a fraction of the money spent by a typical household. When you work, you are trading a certain amount of your life energy for money. Does it make me happy? I truly believe a key component is learning who you are and understanding how you are best suited to reach your goals. In the traditional sense of am I looking into the future and I see something better than today? So if he’s got $1,000 credit limit, he should charge no more than $300 at any point. Vicki Robin: (05:12) You know, it’s like there’s an insanity. Should you decide that you want to go to grad school, you’re able to use it. Jean Chatzky: (00:06) It’s out the door. Relocalization is just the idea of analyzing resource flows through your life. (Oprah) For more than 25 years, Your Money or Your Life has been considered the go-to book for taking back your life by changing your relationship with money. Vicki and her late partner Joe Dominguez, who wrote a really seminal book called Your Money or Your Life, challenged a whole generation to think about what they were really working for and how they were living, whether they were doing it authentically or just trying to keep up. Oftentimes, the only way out of the spending cycle is introspection, and making a conscious effort to think about the future in the present. Fabulous. Thank you for being here. Kathryn Tuggle: (34:43) Okay. Vicki Robin helped shape the financial independence/retire early movement, and she’s on her way down to the basement today to talk to us about re-examining your beliefs around your life and your money. Furthermore, paid work could be avoided entirely with a modest nest egg providing the required income. I see, it’s not that hard to feed yourself from your region, if you’re willing to adapt. You know, but it does, there’s a remainder from all of this activity. I can take control and I can get myself out of this drift toward ruin that I sort of, in the back of my mind, I know that’s what’s going on but I, nothing in society is making any effort to make me conscious of that because we are consumer culture. That would be what I my answer to hope. Lastly, in Thrive, Jean talks about balance transfers on credit cards, and whether one might be right for you. Why, ou know, this kind of me is not loyal to you. As a matter of fact, the game is find people who are not going to like welch on their debt, but they’re never going to pay their cards off and that’s a perfect cash cow for the banks. What are other financial independence practices that I should be teaching my teenagers? Vicki Robin helped shape the financial independence/retire early movement, and she’s on her way down to the basement today to talk to us about re-examining your beliefs around your life and your money. Kale, potatoes, nions grow really well. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Kathryn Tuggle: (37:42) Hey everybody, thank you so much for being with me today. I actually could replace at least two of them. There’s never an end. Your Money or Your Life 9 steps to transforming your relationship with money and achieving financial independence Vicki Robin , Joe Dominguez 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. Your Money or Your Life is not a book about managing money. Step is very shallow with its depth that it feels like the author is trying to sell me something but doesn't want to get the vital information away until you pay. But I found it. It can really change your life." Jean Chatzky: (24:40) Your Money or Your Life – and everything you find here – is rooted in transforming your relationship with money, not just changing your money habits. I worry that if he gets an additional card, although you have clearly raised him to be a very responsible human being, it may become more of a temptation to spend, and we really don’t want to see that. Jean Chatzky: (05:10) Yeah. People used to say back in the day, you know, well wait a second aren’t, you’re going to ruin the economy. And you start to think, what do we need? So there’s a happiness that comes from that. Like where I live, if I’m willing to have kale on a fairly daily basis, I’m not going to starve. Please say chocolate and wine. I was, you know, beating the man, you know, like I felt smart, I felt clever. Is this making me happy? Understanding Compound Interest and Investing for Beginners | EP 272 . Hundreds of thousands of people have followed this nine-step program, learning to live more deliberately and meaningfully with Vicki Robin’s guidance. Eventually people were really interested in like, what is this about? Hundreds of thousands of people have followed this nine-step program, learning to live more deliberately and meaningfully with Vicki Robin’s guidance. I think it is the experience of going from being out of control, frightened, behind an eight ball, and you don’t know even what game the ball belongs to, that feeling of being utterly out of control and then finding this sort of life ring, whether it’s your money or your life or something in the FIRE movement, you find something that’s defined, it says if you do these steps, you will get here, just trust us and do it, you know, and all the formulas and all the math of it, it’s very clear. Her open mind allowed her to recognize the value of Joe’s new road map for money and apply it to her own life. You know, what other resource flows in my life? Filed in Uncategorized. 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. We are on the same path with our 15 and 16 year old daughters, but maybe I’m missing something. As you probably know, Vicki and her co-author, Joe Dominguez, wrote one of the most important and most referenced books on financial independence. It is a small company with fewer than 50 people and the owners are not interested in offering a plan to the employees. If I get, you know, I don’t feel happy but I’m going to consume and then I’ll be happier and this completely unconscious process that, if it didn’t produce happiness but it had no ill effects, well, okay, fine. Please invest responsibly. In the sense of the vitality of hope, like if I work hard, I can make a change. The sharing economy. Crazy, crazy. So it’s that we have not taken our gaze off of the constant stream of things to want. There’s no better feeling. So I met him along the way and I thought this is the most genius thing I’ve heard about money ever. And the sooner you embrace that and go like, this could be interesting. or, What are ten things I’d like to do before I die? Yeah. It comes from a place of not wanting to shop for disposable clothing, not wanting to blow your budget on clothing that you truly can’t afford. So how do we get ourselves to — no seriously. Vicki Robin: (11:57) Thanks to our sponsors! Posted by Vicki Robin. When you work, you are trading a certain amount of your life energy for money. Joe at Retire by 40 reviewed the book back in 2011. You can allow it to grow, you can invest it like money in a 401(k), and it can over the years become a very powerful supplemental retirement account. We’d like to thank our sponsor Fidelity. More recently in 2016, Coach Carson shared his thoughts on the pivotal paperback. Is it even possible to set up an account for kids I don’t have yet. Want to learn from some of the world’s most successful women? There’s no better feeling than expending some of yourself to achieve something that you yourself says has value. I’m going to see, I’m going to devote myself, you know, for 30 days, I’m going to eat within 10 miles of my home and see what happens. I go to this conference and I realize that everybody is saying the biggest driver of environmental destruction is over consumption. And if they’ve got that, then I want that. And I think that your grandparents would be really, really happy with that decision, that their gift that they made for you could fund education for generations to come. Because you start to think, if this whole metastructure is not sustainable, if it’s going to fracture by the weight of the demand on a system that can’t support the level of demand, I’m going to think about what I need to have a happy life. Because you know, we all know that we’re happiest when we achieve something, not a purchase, but we said, I want to do a 5-minute standup comedy routine or whatever, and you work hard and you get over all your embarrassment and you do it. I currently work for a firm that does not offer a 401(k). Listen to "Your Money or Your Life 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018" by Vicki Robin available from Rakuten Kobo. Thank you, Deb. Yes, there are fees associated with most balance transfers, usually about 3% to 5% of the debt that you’re transferring, but if you’re paying down a large balance, this can be one way to save thousands of dollars. I heard the savings rate at 20% and I’m sure you could see me roll my eyes. For more than twenty-five years, Your Money or Your Life has been considered the go-to book for taking back your life by changing your relationship with money. If people understood the implications 20 years out of what was being sown, then they should be sued like the Sackler family. In this course, Vicki Robin, co-author of the international bestseller Your Money or Your Life and expert on sustainable living, offers you a 7-week roadmap that will teach you how to transform your relationship to money, stuff and just about everything else. But that means that there’s another piece of us, it doesn’t mean that you know everybody’s going to come out of this alive, but it means entrepreneurship, compassion, maturity, some very important things about basically being resourceful, not depending on resource, says, but being resourceful, people are going to need to step up to the plate, and I have a feeling that at least a goodly amount will. Vicki and her late partner Joe Dominguez, who wrote a really seminal book called Your Money or Your Life, challenged a whole generation to think about what they were really working for and how they were living, whether they were doing it authentically or just trying to keep up. She writes, I was recently introduced to your podcast via one of my coworkers. The main characters of this economics, finance story are , . So nice to have you here and in person and I don’t want to get stuck in the past, but I do want to just give my audience who may not know of your amazing work, a little taste of where it started. I’ll wear the same outfit tomorrow if I like it as much as I did today and it doesn’t smell. -Los Angeles Times Vicki Robin wrote the book on retiring happy. Jean Chatzky: (30:27) So you know more Diane Von Furstenberg, not $3,000 dresses, $300 dresses. We have tons of apples, we have legacy apple trees, you know, that just, you know, throw off their apples. We’re on a collision course. He and Vicki Robin were founders of the New Road Map Foundation, an all-volunteer, non-profit organization that promotes a human, sustainable future for our world. Using today’s average credit card balance of about $6,000, Bankrate calculated that users could save as much as a 1,000 with a balance transfer card over the course of 18 months. Everyday low … Our next question is from an anonymous Midwest listener, so hello to the Midwest. As soon as he turned 18 he got a credit card from his bank in just his name. The financial independence subreddit has more than … And he invested the money in the most secure way he could so that he could throw off an income. Vicki Robin: (19:06) And it doesn’t have to be that way. You know, you can grow hops, you know, you start to understand. Kathryn Tuggle: (37:28) YMOYL) is considered by many in the financial independence space to be one of the most influential bodies of work in this realm. It doesn’t care about you at all. And I love where this comes from. Jean Chatzky: (02:05) Let Fidelity show you how to demand more from your money. It can really change your life. Jean Chatzky: (27:00) It is good. Buy Your Money or Your Life, 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Revised and Updated for the 21st Century 2 by Robin, Vicki, Dominguez, Joe (ISBN: 9780143115762) from Amazon's Book Store. So we were working on catching, you know, we were on Oprah and then we became a New York Times bestseller, five years in the Business Week bestseller list. I actually don’t have that either. That’s typically a solution that we recommend for parents whose kids have absolutely no credit in their own name. And you can start demanding more from your money today at fidelity.com/demandmore. They say that, while most everyone would give up their money to save their lives, several individuals would honestly rather save their money. Vicki Robin: (02:27) Or like, one day I want to stand on top of Mount Everest. For more than twenty-five years, Your Money or Your Life has been considered the go-to book for taking back your life by changing your relationship with money. And it feels like an awakening. Credit score of 722 for an 18 year old is fine. Anyway, lots and lots of good lessons in what Vicki Robin had to say. The end of the nineties, the year 2000 I took a look at all the data and I thought, you know, I gave a decade. -Grant Sabatier, founder of Millennial Money, on CNBC Make It This is a wonderful book. I think people don’t even stop to think about because spending is so fast and so immediate and swipe, swipe, swipe, or click a button. Where did the tablecloth come from? I have those when I meet these pioneers of personal finance who I just feel really paved the way for so much of the great work that came after it. So that’s beginning to realize that dependency for everything on a big old world I have no control over, in the condition of overshoot and unsustainability, that’s gonna crash some day, so I’m going to make sure that my community, whether it’s a town, you know, a county, a state, I’m going to do a resource flow analysis of that and see where we can move ourselves toward greater self sufficiency. While on the topic of consumerism, Vicki also talks about environmental impact — people who reduce their overall consumption also reduce their carbon footprint. Every day, we’re confronted by messages from advertisements and society telling us that we need a new car, new clothes, a new phone — new everything. You may rethink your financial plan after today’s show, because our guest is the co-author of the HUGE bestselling book, Your Money or Your Life. 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