We’re continuing our Frugal Moms² Book Club discussion of Your Money or Your Life by Joe Dominguez and Vicki Robin with Chapter 2: Money Ain’t What it Used to Be and Never Was. I thought this was a powerful, and thought-provoking chapter. It really digs deep into why we do what we do with money.
It opens with a simple question: What is money really? Continue reading →
It’s time to giveaway two copies of Your Money or Your Life by Joe Dominguez and Vicki Robin! We announced this giveaway on August 7th. Entrants could post a comment to this post, our Facebook page or tweet us on our Twitter account. This morning I printed out all the comments from each, cut them up and folded them, then put them in a bowl for my littlest guy to pick a winner.
One problem: he wasn’t cooperating. He didn’t want to pick a winner! He just wanted his milk and his Cheerios. What to do?
My unhappy littlest helper!
Continue reading →
We’re continuing our summary and discussion of Chapter 1 of Your Money or Your Life by Joe Dominguez and Vicki Robin. I wanted to dedicate an entire post to this exercise because it can easily get overwhelming. The authors clearly state that this step can actually be skipped for now and done later. But don’t skip it entirely. Knowledge is power, and the self-knowledge this step generates is very powerful. It can also be a nerve wracking roller coaster ride. So here it is:
Step 1: Making Peace with the Past:
- A:) Find out how much you have earned in your lifetime.
- B.) Find our your net worth by creating a personal balance sheets of assets and liabilities.
Continue reading →
If someone held you at gunpoint and demanded your money or your life, which would you choose? It’s a trick question. It implies that you have to choose one or the other. But what if you didn’t have to?
“There is a way to approach life so that when asked “Your money or your life?” you say, ‘I’ll take both, thank you!'” ~Joe Dominguez and Vicki Robin
That’s why we’re here. We want both! That said, this book can be a tough read. It’s hard work. It asks some hard questions and sometimes presents viewpoints you might not completely agree with. It also has lots of homework! I ask you to slog through the hard parts, and commit yourself to getting through the book, so you too can say, “I’ll take both, please!”
Let’s get started. Continue reading →
A big flower for our Frugal Moms² Book Club Friends!
Welcome to our first Frugal Moms² Book Club Discussion/Read Along! We’re glad to have you with us! Please note that there is still time to win one of two copies of our first book selection, Your Money or Your Life by Joe Dominguez and Vicki Robin! For full details, see this post.
The Book Club:
This is something new, so there’s bound to be some learning, stretching and mistakes involved (at least on my part!) Here’s what you can expect: Continue reading →