I was too preoccupied with college to read Your Money or Your Life when it was first published in 1992. The updated version Vicki Robin published a decade later, though…that book became a foundation of my financial education. (Co-author Joe Dominguez died in 1997 but remains credited on each new edition.) Now, another decade on, Robin has returned with a fully revised edition of this modern classic, Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence.
There’s a reason this book’s process of systematically interrogating the relationship between our earning, our spending and our overall well-being has remained relevant for more than 25 years: Our money is our life, even when we don’t want it to be. The book’s advice revolves around the four FIs: financial intelligence, financial integrity, financial independence and financial interdependence. Achieving financial independence is the central goal, that magical point at which you can start letting your life control your money, instead of the other way around (think conscious, instead of conspicuous, consumption).
But true financial independence is not about money, Robin says, it’s about choice — specifically, “the choice of where you direct your most precious resources: your time, your attention and your life.” With a renewed focus on the environmental and moral aspects of these money choices, Your Money or Your Life also asks us to consider the global impact of our personal financial actions.
Read Your Money or Your Life if you’re ready to make the changes necessary to lead a life that’s not just financially secure but also personally fulfilling. As the book promises again and again, “There’s a way to go about the task of making a living so that you end up more alive.”