The Book That Changed My Relationship With Money

[@aliabdaal]

To improve your thinking and learning skills, visit brilliant.org/ali and sign up for free. The first 200 people will get 20% off the annual Premium subscription :) Timestamps 00:00 Intro 00:27 Redefining Work 01:58 What is enough 03:24 Money = Life Energy 05:08 Three Key Questions About Life Energy

[@electput]

Ali can you create an etsy store? Can you sell ucat and bmat notes?

[@lakshayrastogi509]

Just a quick question, are you left or right handed? In some videos you seem to write with your left and in this video you write with your right.

[@lip5729]

Ali ...Please reply Are you not using your Kindle? After your suggestion I thought of buying Kindle next month but now I'm confused whether to buy Kindle or Books 🤔

[@davibooth4852]

I know this is from 9 months ago, but I think you guys forgot to post an affiliate link for the book. You all do a fantastic job with making sure all the appropriate links are on every video, but I wanted to make sure I could help support the team when you give a book suggestion I do want to read (I'm reading two of your book suggestions every month and this book is set for August!)

[@wongrita3228]

軟硬體rj t dho yy g m

[@QuestionEverythingButWHY]

“Don't tell me where your priorities are. Show me where you spend your money and I'll tell you what they are.” --James W. Frick

[@deussivenatura5805]

Hookers and cocaine.

[@xgbox]

Frick, he's right

[@Jsuarez6]

@@deussivenatura5805 Haha. I clicked to type the same thing.

[@Mas1o8]

education and food

[@philipcantossiemers]

I despise you.

[@Azn_Bran]

“Freedom is not achieved by satisfying desire, but by eliminating it.” True wealth lies in wanting less. “No person has the power to have everything they want,” Seneca says, “but it is in their power not to want what they don’t have, and to cheerfully put to good use what they do have.” Our goal should be to “seek riches, not from Fortune, but from ourselves.”

[@MrMuradski]

Love it

[@QuestionEverythingButWHY]

“Don't think money does everything or you are going to end up doing everything for money.” ― Voltaire

[@philipcantossiemers]

Oh God... please stop...

[@thesevenstudent]

Netflix, you need to give this man a Netflix show now!!!

[@fathimaneema1865]

Stan

[@VictorRegouin]

Yes I agree on this!

[@simpleprogrammingcodes]

You mean a movie to produce because he's good at making videos?

[@Mephistopheles-H]

why?

[@rpeshbhujade3974]

Simple Programming Codes i think he mean a show like patriotic act hasan minaj have.

[@QuestionEverythingButWHY]

“Too many people spend money they haven't earned, to buy things they don't want, to impress people that they don't like.” ― Will Rogers

[@Aviraj]

*THATS DEEP*

[@esmee6308]

My mother (and stepdad by proxy) huge house, horses, new car each year, twice+ yearly big trips etc. Only to sit in front of the TV having her children maintain it all whilst they grew to 500lbs of misery. Kids move out, can't maintain the house, horses, etc. To save face they moved abroad (cheaper, smaller but 'exotic'. And still big tbh but maintainable and labour there is cheap.) Still growing more miserable by the day. How she got the money? Married a rich guy and he passed away, left all money to his children, that she neglected which in my case turned into over a decade of surgeries and rehabilitation / being bed-bound. We could fight, now we're adults, to get full rights over the money that's technically already ours by how my father's will works. But I couldn't... how miserable would she be without the money, what can she still do to live without it? Luckily my brother agrees. The money and the ease of it have numbed her to everything, her body aches too much from overeating and doing nothing to enjoy activities. They buy everything they even think they want as soon as they think of it. What can you even do to make people like that happy? It kills me seeing them so unhappy. :(

[@superkirby14]

@@esmee6308 ty for sharing your story

[@esmee6308]

@@superkirby14 Thank you for taking the time to read it, with my mother's birthday tomorrow it's actually on my mind a lot more. I've tried so much and absolutely nothing I can do brings her any happiness (or for seconds at most, which are spent bragging about it on facebook...) Meanwhile I love every second of my life, frugal to a fault, but happy. It just hurts.

[@nakulhm2768]

@@esmee6308 thanks for sharing your story

[@unluckytourist]

Read this many years ago. I didn't follow it completely, but it left a large impression on me and changed how I spent money and even how I approached work. I became a lot more money AND time conscious.

[@DianneSullivan]

The point about spending money to impress peers is so true. I have been working from home since March 2020 and I have spent way less money on clothes than I usually would. It's as much to do with no feeling that I have to 'dress up' for work and wear something different every day as it is to do with not being influenced by what my colleagues are wearing. Just seeing heads on screen certainly helps with shoe envy!

[@ThatMarkGilroy]

That fulfilment curve reminded me of one of my favourite quotes - “if you don’t know how much is enough, the default is always more.”

[@juliehamm3057]

Hello

[@xenrin]

The idea of money is bought with time was really well illustrated by the film "In Time", where people get paid (and pay for things) with time credits. (hit zero and you're dead) It really does change how you think of what you buy. I'd like to add, that your equation for determining hours worked for an iPad, doesn't account that the money is post tax. If the tax rate is 40%, you need to calculate the time based on 60% of your salary. I appreciate that you may have trying to keep the math simple. I find it helps if I think of an item at twice the listed price and ask myself if I still want it.

[@GrowWithWill]

Knowing what is enough is crucial for long term joy as well. One of the best takeaways from The Book of Joy for me.

[@swapnilchand338]

"Status " is something for which we blindly follow the tradition of earning money, otherwise I think more people would have been pursuing their interests instead. Just what Sandeep Maheshwari says. Great job Ali

[@CodyBanks10]

In most the of the channels that I'm following, this one seems to growing at a much higher rate. Big up Ali!!

[@CXYJoanne]

I always enjoy how you so smoothly incorporate your sponsor in like its part of your sharing!!

[@anjaneudorfer8901]

I've just finished the book "Happy Money" by Ken Honda and he also mentions how important it is to only spend your money (and energy) on things or people you really love because of not it's just useless for that specific case And thanks for sharing another great book with us Ali!

[@midlife_minimalist]

I think age is a factor in that “enough” point. Assuming I don’t live beyond 100, I’m in the latter half of my life and you get to a place (at least I have) where you realize life was better before all the stuff and complexity it brings. It’s really past the point of enough - you actually re-define what is enough and want to reverse course.

[@suzejj]

Money = life energy

[@ngushllimtafa532]

Not just saving lives, you are changing lives.

[@stefanbjorklund8487]

The problem with money is that it doesn't take energy to create it. Therefore we are being fooled to exchange our energy to obtain it.

[@moneyb21]

Ali Abdaal, Matt D'Avella, Thomas Frank: All upload at the same time My brain: Time to get smart 🤓

[@intentionalliving7326]

Made me laugh out loud! 🤗

[@frequentflyer8866]

there is every reason Ali should be popular - these are the type of people i would like my kids to look up to

[@tammiepulley7167]

I read that book about 30 years ago. It really opened my eyes. Thanks for visiting it on KZbin.

[@parkswithpj2168]

It’s so very true - it’s a mindset I’ve used for a few years. Before I make a purchase, I walk around for a bit imagining how much joy it really will bring as I’ve wasted so much money before on frivolous purchases that brought me...can you guess? Zero fulfilment. Great post & great book! 😁🙏🏼

[@BeAnEntrepreneur_Taresh]

*Thank you sir for all the wonderful videos that have helped me*

[@joymae]

I love how you always tie your learnings into a beautiful graph

[@tpmash]

Right?😅

[@ChristinaAaliyah]

2:13 I love how he uses a One Direction book as a ruler 😂

[@Voduke789]

Christina Aaliyah is it because he drew a line in one direction?

[@keyikumlen.zeliang6179]

This is the 2nd time I've seen a 1D book in his video 😆 i wonder if this is him hinting that he's a directioner in a subtle manner

[@Iumertz]

was searching for this comment

[@Snicoleliving]

I walked away from a job that was draining me to fulfill living. The downside is now I'm homeless and trying to find ways to make money for basic needs. So how does one change a mindset when they are on survival mode most of the time. Sure one could say get a "real job" but wouldn't I be back to where I started or have I never left? I want financial freedom but honestly what I want is not to stress about the things I need. Comfort has always been by end goal. Shiny has never been my thing but exhaling has. I work gig jobs more than my passion because basic necessity is there.

[@SamMartinPeakPerformance]

Keep living and learning like a student = wealthy & happy life

[@AmanManazir]

the real question is if you were the only person on Earth would you purchase that gymshark sweatshirt

[@wojcikpawel89]

I've not read the book, but what I'm missing here the fact that many people do not reach the 'enough' stage. Median household income in USA is around $61,937 not mentioning less developed countries like mine. Also, nothing about kinds, and the fact that usually, people work hard to put together enough money to secure their education. When I think about it, the fact that we work over 40 hours a week to earn a living, perepare, commute to work, and then decompress shows that we still mostly work to survive, don't we? Of course that we can think about the stuff we buy, it's good not only for our wallet, but also for the environment, but many people work long hours just to provide their family with bare essentials and hopefully set aside some for college and a rainy day fund.

[@xotwod3254]

Exactly. We’re all struggling to keep our heads above water

[@talpomeroy5808]

I figured out how much money I made an hour and then valued anything I did. Medicine was a calling for me and I did not have to think about money. I had worry about sleep. Blessed are tose whose calling is their work. Charlie King has a song “My life is not or work and our work is not our life describing the less fortunate who have to work for a living

[@aviralsaxena2650]

Is this just a coincidence that Ali Abdaal, Matt D’Avella, Nathaniel Drew, Thomas Frank and Better Ideas, all post on the same day 🤔 ?

[@ikhlasb.6528]

Add up Matt D'avella and Anas Nuur Ali 😂

[@justadudeintheworldman.120]

It’s World Domination Pinky

[@MsWatchdog]

This reminds of me Rich Dad Poor Dad, the guy was saying exactly the same thing. He said Schools and Educational Institutes will not tell you how to earn real money, they will tell you how to be an employee, if you earn money to pay for your possessions , rent etc, then you will forever be poor, if you earn money to get something then you are on your way to becoming rich

[@atoumanov]

Ali: Listen to things at 2.5x speeds Me: Can't even keep up with the volume of valuable information received at 1x speed :)

[@devinandrew8141]

Thanks Ali for your videos!! Always love learning from you!

[@colorpalette3986]

this channel helps me a lot this year but I wanted to say thank you for inspiring me too continue on and develop myself.

[@curiosityunleashed]

Need more of the book summary kind of videos from you Ali please !!!!!!!

[@lanaheadey7750]

Your money or your life- vicki robin 1.Before it was earning a living Nowit is earning a dying. 2.what is enough? At a certain point more money doesnt lead to more happiness and that enough is around 75 USD/year. 3.money=life energy Life energy= time plus energy When your buying something see the cost in terms of life energy. One thing that is worth life energy is investing in ourselves. 4.three key wuestions about life energy 1)did i receive fulfillment and satisfaction and value in proportion to the life energy spent. 2)is this expenditure of life energy in alignment with my values and life purpose. 3.) How might this expenditure change if i didnt have to work for money.

[@jonbrowne8334]

Work, life and money are gifts from the one and only God! Work is a task of co creation, just as it always has been from Adam being given the take of naming the animals God created. The only pleasure you will ever derive from work and the money it brings, is having faith in God that you are fulfilling your purpose set by Him. Anything else will lead you to disappointment, more work=more money (not true), and a life striving for meaningless and impossible expectations. Make all work a commitment to faith!

[@qine6559]

Wow this was very enlightening! And Loved the actual writing/drawing and no fake hand flying accross the screen.

[@Sarahcrawte]

I do feel this ! I think I am giving too much of my life energy away for a job that I am not living the life I want!

[@cheryl2367]

Thanks! I bought this ebook after watching your video. It has been enlightening!!! Keep making wonderful videos :)

[@Halaaa15]

This was very insightful 😍 this topic has been on my mind the past few days, can't wait to read the book! Ali, you never disappoint!!

[@lisama2748]

Love it Ali.♥️ Really do make more vid of Book Club series and personal financial management! Can’t wait for next upload of daily vid soon😆

[@blissmint]

I’ve got this book today but in Thai version. I’m so glad that you recommended this book to us. Money and I are not on very good terms so hopefully “Your Money or Your Life” will help me fix that! Read a few pages and absolutely love it. BIG thank you for this book recommendation🙏

[@RollingwithTheRobsons]

Just watched this now. I do more with Minimalism these days. When I decided to buy a new caravan one of the things i did was in a spreadsheet calculate the amount of time I would have to be in work in my life in order to buy what I wanted. I am trying to persuade my wife to let us move into a smaller house to clear our debt.

[@alanwallace3253]

Thanks for the reminder, this book brushed by me once in the past and I “ had thought to add to my reading list” but didn’t. Added for sure now!

[@juliehamm3057]

Hello

[@Lifeinasec]

wowww that was so fast after my request for a book club video yesterday..thanks ali😀

[@itsindu2843]

Wooowww...I'll surely give it a read 👍🏻 thanks Ali❤️ Ur book recommendations had changed, is changing and will be changing my life😀👍🏻🙏🏻

[@gaeta7796]

“Work to live don’t live to work “ simple.

[@Manuel02082]

Whoever is reading this: Your skin isn’t paper don’t cut it Your body isn’t a book don’t judge it Your heart isn’t a door don’t lock it Your life isn’t a movie don’t end it you’re beautiful be you...stay safe (By the way I’m also a small KZbinr looking for your support) I didn’t create this quote just wanna spread positivity❤️

[@largemanandmore731]

ok

[@jennylf1]

I once worked as a supply teacher. The pay was average but it was done by day, and sometimes it was fun but most of the time it felt like a direct swap of time for money. I saved SO much money in that time because I was just so aware of what the price of something really meant - e.g. a takeaway on average was the equivalent of an hour of dealing with kids. Would I deal with kids for another hour in order to have a takeaway? Nope.

[@Aviraj]

*HI ALI* *THANK YOU FOR MAKING GREAT CONTENT FOR EVERYONE*

[@benasleo]

Awesome advice! Thanks :)

[@Yntal02]

Thanks for your book recommendations. You greatly influence my book choices now :)

[@halba6357]

Hey Ali! I really enjoyed the presentation of this video - its a lot more relaxed in tone with soft/minimal editing. I hope you make more videos in this format, cheers

[@zingzongzing]

Blessings from India my child☺🌺

[@msz9523]

I would be really keen to see a video where you go though one 'session' on brilliant and then do the interactive exercises explaining your rationale and thinking - that would be so cool!

[@jeremywong4235]

4:14 That was a _smooth_ transition to the ad

[@joepup8348]

A key thing about the relationship with money is our relationship to brands. Far too many people throw away their money on expensive products that have essentially become commodities, where the equivalent can be had for a fraction of the cost. Take Ali's example of the $800 iPad: you can watch your Netflix and Ali's videos on a $180 tablet that still has HD and most of the latest tech. That $180 tablet represents barely more than 2 days of work at $10/hr. Same goes for the $200 phone as opposed to the latest $1000 iPhone or Galaxy that you see in TV spots. No, you're not buying second-rate: Consumer Reports puts out reams of data on high-quality phones, laptops, fridges, etc that can be had for many hundreds less than the name brands. Sure, you're still working for these things, but you do need stuff. And getting what you need for vastly less money means that your money goes much further. So it starts to work for you more than the other way around.

[@deekshathangadurai1992]

Ali, 3.5 K views in 35 mins is absolutely amazing... And waiting for the next book club series.. I'm a real fan of it

[@Thelordswillonly]

His videos are just amazing!!!

[@luisfernandez-izquierdo502]

Thinking about the amount of life energy spent watching this vid ... brilliant

[@SamMartinPeakPerformance]

gamechanger for sure - never thought about it that way before

[@cjoviac]

Ali now has over 1M subs? Wow dude..good work! I first found your channel when you were at a cool 400k or something. Hard work + consistency = results! Well done! 👏👏👏

[@mikhailtikhonov437]

I feel very differently about the relationship between working and money. For some reason you consider time at work as wasted while in my opinion the work it self is “living”. I’m doing work because I want to do that work, not because I want to earn money. I’ve used to do that for free and now I just also gain money for it.

[@wty989898]

Time is the one and only scarce resource in our life.

[@KingsTalksAI]

Great video, really enjoy the concept of viewing money as life energy. If we use our money to invest in tools that provide more life energy (Health, Learning etc.) then naturally we have more energy to earn more!

[@RababAlhunaidi]

I loved this

[@IshaSharma11]

Try psychology of money book

[@mohammedmahadi721]

Arabic follower

[@zadeckmelch239]

Hello Ali. Am going to look for it and read it for myself

[@sounavaghosh]

This holds true when medical expenses are free/ taken care by the govt. Else, there is never a situation of "enough money", when a serious uncalled for illness of you/your loved one can empty your entire savings.

[@mannasimon1187]

Loved this!!!

[@red_dll]

Money is not everything but it enables a lot of things and the more you have the more you can do. However, that doesn't mean that you need to do everything you can just because you can. As a 22 year old student, I'd say I have a decent amount of money, ebough that I don't have to worry about how I spend it. Still, I think before I buy stuff and only when I see a purpose and I think it is worht it I spend my money on things. The rest of my money goes into savings and investments regarding retirement some day. Don't spend money just because you have it. Think if you see a purpose in a potential purchase. I'm not against eating in a restaurant or going to a party or things like that. Just be conscious about how and what you are spending money on.

[@RishabhNabar]

You truly inspire me Ali. I am a 13 year old and you are my role model. Keep inspiring!!! Love from India

[@zeynand4039]

I love your book series, it's much better than Oprah's favourites.

[@asmatsuki]

I think Ali's channel is 20% of KZbin because 80% of the value provided by the platform comes from it

[@cessmari7024]

Ali Abdaal is definitely my favourite KZbinr. Hence, worth my life-energy spent. Thank you for sharing this video. Great insights! I am definitely getting this book. Keen to read it. Sending so much love from Australia.

[@elooouan]

Ali thank you, I am 14 and going to University in 2021. Your tips are helping me so much and is changing me, even your podcasts are excellent. Certain questions blur my view on university but as a student wanting to become a radiologist, your channel has been nothing but a wonder to me, thank you Ali and Taimur :)

[@konstantinos5042]

To which unit will you be enrolled?

[@NishanthSalahudeen]

something I have always found wrong is counting the dollars you earn as is and comparing it against a possession like in 4:00 . Here he takes 10 dollars per hr and counts 10 dollars*80 to make 800 dollars. then equates the 800 dollars item to 80 hrs of work or 2 weeks of life. This is so very wrong because you cant exist for 2 weeks at zero cost. this cant be accepted even as an approximation because it is a huge error, not a minor one. what should be counted is not what you earn, but what you have left after the bare necessities are met (like food, minimum socializing, normal clothes, basic accomodation, tax etc). so after earning 800, if he spends or need to spend 50% of it to "exist inorder to be able to do that 2 weeks of work", then the real cost is 4 weeks of work instead of 2. Only after 4 weeks, he would have 800 left to blow. Thats a huge difference. Especially so when we are talking about more expensive stuff like a holiday. if a eruro holiday costs 10000 dollars and you manage to save 2000 dollars every month after "existing", that means you are blowing (invalidating) 5 months of your life in exchange for it!

[@siminsulaiman6113]

I can't name anything more satisfying than being early for Ali's videos

[@Aviraj]

*YOUR VIDEOS R SO MUCH MORE INFORMATIVE THANKS*

[@hanntongfong1226]

I love your videos so much Ali ❤️❤️ big fan from Cambodia 😍

[@RandomTubefulcrum]

I literally prefer these sorts of videos over the trash that is trending on youtube. I especially like these book reviews, so clearcut and concise. You have come a long way Ali, keep up the momentum!

[@yuanyuanwang8612]

Money is a life energy.

[@manasprabhu8915]

I feel like I should pay to watch this. Thank you Ali!

[@inspiredmonk9206]

Yes me also

[@skrillex6044]

😃 🇮🇳🇮🇳

[@Jonttuf17]

So a good way of usinh that money is not to buy the ipad for enjoyment and rest from work but to invest in ourselves to presumably get a better work and / or understand life better which in return pays more. Interesting. (I still agree with it though)

[@chandrikashanmugam4333]

Take care Ali. Seems like you have cold. Btw thank you for the Wonderful content.

[@abdurrehmantarar4760]

I've started watching Ali's video at x0.75 playback speed.

[@ThePathOfEudaimonia]

This is a perspective I use with unhealthy snacks as well. When I am craving unhealthy, high-energy foods, I always estimate the Exercise Energy needed to spend when consumed. Makes the decision to not eat it far easier!

[@matthewfinnigan3862]

Just watching this on my new iPad. Yes it was worth it.

[@EmanuelMartinezVazquez]

Thank for sharing Ali, I do wish the video would go more in depth on the book. It seems you summarized only a small part of it.

[@thefactophilic3193]

Would definitely read this when I get a job.

[@SanjalK7]

Why not now??? Read it. I am gonna.

[@thefactophilic3193]

@@SanjalK7 What will I do with knowing about money when I myself am a freaking student. Atleast let me earn something 😂

[@SanjalK7]

@@thefactophilic3193 I said it coz I'm a student too and don't earn yet and gonna read it soon. If you have the time now, why wait till later. Read now and make some notes. We're gonna start earning someday. If you're in college, you should definitely read it now. You probably have the time👍

[@thefactophilic3193]

@@SanjalK7 I don't study and prepare much for the future my present focus is the exam which would let me earn money rather than dreaming how will I behave with money.

[@futurerush2560]

@@thefactophilic3193 Why wait to gain knowledge? A different attitude to money now may lead to generation of passive income streams now, and to seeking different work when that time comes.

[@IshaSharma11]

Your way of making videos is amazing

[@insideself1471]

Wow, what a brilliant book! Loved that! Thanks.

[@anjanavijayan235]

Nice to see Ali wearing something other than a grey t-shirt 😁

[@intentionalliving7326]

😁🤩

[@zedthemillennial6525]

Bloody hell, the first part of the video was depressing "making a dying" 😥I recently interviewed The Female Money Doctor and she recommended this too! I have to read it now

[@rossmacintosh5652]

Ali when you referred to money as "life energy" it reminded me of a interesting action/sci-fi movie released in 2011 that I'd highly recommend watching. It's called *In Time*. In it the world has been transformed to one where all transactions are time-based. I found the alternate world it presents helped me better understand our own world & money a bit better. Watch it and do a video about it!

[@Will-rw4iw]

I’ve been trying to remember that movie for years!!!

[@shuchipandya4917]

Damn, I've never been so early. I set up my notion account after watching your recommendation yesterday! :D Sweet Experience.

[@claytonljenkins]

Thank you Ali I always get at least one key takeaway from your videos (I also liked the term neccessaties and NICEessaties) I want you or other views to give some deeper examples of purchases written off as 'work expenses" you gave the examples of a watch/suit however I could see these as 'self investments' to help you manifest who you see your future identity as. I'd love to hear more insights on this the example I have in my mind is a new car - it enables you to commute farther for work and more reliably but also ties into your life values if trravel/road trips are important to you

[@FinanceUnboxed]

Keeping up with the Joneses is one of the most crippling attitudes in society IMO. For the old bank balance, but more importantly, for your mental health as well. 😐

[@hoschiandre]

I've heard certain number in the same range quite often. My questions are: is it before tax and is it just for a single person or a family. If family with two kids ... is it then just double or even more. I'm hunting these question for a while now and can't get this answers. Would be great to get some ;-)