Your Money Or Your Life // Financial Independence Classic

Рет қаралды 48,955

Күн бұрын

Timecodes:
0:00 - Intro
0:28 - Redefine The Gold Medal
1:37 - Time Is Your Most Precious Resource
2:52 - Don’t Make Work More Important Than It Is
3:56 - Our Job Title Doesn’t Define Our Worth As Human Beings
5:23 - Build Life Outside of Work
6:43 - More Is Not Better
8:05 - Frugality Means Enjoying What You Have
9:11 - Enough: The Peak of the Curve
10:35 - Debt Is A Dream Destroyer
11:51 - Track Every Cent
12:55 - Track Your Net Worth
14:20 - Ask Hard Questions
► Your Money Or Your Life (amzn.to/3Pfuc9c)
► Top Five Regrets of the Dying (amzn.to/3sA6koP)
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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

Пікірлер: 43

@TaeKimFinancialTortoise 8 ай бұрын

Want to connect in person? Learn more at 1-1 Money Coaching: www.financialtortoise.com/money-coaching

@jan854 Ай бұрын

This book was the game changer for me! For anyone looking to improve their relationship with money, one of the best books on the market ❤

@MeltingRubberZ28 8 ай бұрын

Tae this is like "Life 401" level stuff lol. So many people don't even know why they are chasing the next dollar. Knowing when you're living a satisfied life is definitely a key piece missing from most people's lives. Keep it up bud you're making a real difference in people's lives, not just inflating bank accounts/investments.

@TylerG7777 8 ай бұрын

I read this book twice. Love it! It was one of the first books in my ongoing journey to financial freedom. I think about its lessons and wisdom all the time. It has changed how I think about spending my hard earned dollars. The best thing that money can buy, is freedom. Don’t waste your money by squandering it on stupid material possessions and trinkets for status.

@OnCashFlow 6 ай бұрын

This book is timeless when it comes to thinking about financial independence. A must read for anyone wanting to change their life by taking a step back and looking at how society is structures the "money game" and asking yourself "Do I want to keep playing this for my entire life?"

@darrenmcinerney2212 Ай бұрын

Thank you 😊👍.

@wenditate3807 8 ай бұрын

Thank you for this p articular video! Love your channel Tae!

@loganbrosmusic2536 8 ай бұрын

This is a great reminder. Fantastic listen.

@azilshanedeleon6092 8 ай бұрын

Tae Kim is now my favorite KZbinr! Thank you for all these information and opinion. Love from PH 🇵🇭

@somilpatni2431 8 ай бұрын

Loved this one....and really resonated with me! Sharing with friends

@dm3988 8 ай бұрын

I read this book in college during the nineties, changed my attitude toward money. Very beneficial.

@bendimiero380 8 ай бұрын

Great summary of this book Tae!

@ianwall9152 7 ай бұрын

Brilliant video. I agree with every point you made. I was not consciously aware of all the points but I think I have implemented 90%. Thanks

@ReasonableHuman1 8 ай бұрын

Thank you!

@davidshelko4558 8 ай бұрын

Awesome content Tae! I always learn something after watching your videos! Greatly appreciate!

@emilaubry6856 Ай бұрын

Amazing book. Thank you for this review

@jeffbither4692 8 ай бұрын

This is the second vlog by Tae that I have listened to. Boy am I impressed.

@gerryshoshensky8767 8 ай бұрын

I would challenge the authors on tracking every cent coming in and going out. Some people do need this from a behavioral standpoint, but it would drive me nuts. A better method is just to automate retirement plan contributions and savings. Set the savings rate corresponding to ones needs (e.g., 20-25%), and know you don't have to worry about tracking spending or budgeting.

@kayefer 8 ай бұрын

I just started reading this book a few days ago!! I got goosebumps at the coincidence. 🤯

@twhite8308 7 ай бұрын

Thank you for the great book review. I read it years ago. A good refreshee

@sergiogonzalez2996 8 ай бұрын

Very good job that you communicate this knowledge that is so needed to change the consumer mentality and always wanting to go for more, even if this costs you your entire life in debt and paying with the most valuable thing, your life and your time 💎

@oferzeira8125 7 ай бұрын

Excellent adding value presentation. Thanks 🙏

@mangoman9290 6 ай бұрын

Many years ago I used to say I was in 'information correlation and form processing' and that I earned $30/minute. Every fortnight I correlated my information, put it on a form and processed it with the government, it would take 10 minutes and they would pay me $300, yes I was unemployed.

@FinancewithAvrin 8 ай бұрын

Great video full of wisdom! I continue to realize and appreciate that less is more, and I really enjoy having different aspects of my life minimized. And understanding the time relation to money and vice versa is very important.

@TracyLWard-tg6tr 8 ай бұрын

Your Money or Your Life is my absolute favourite non-fiction book. So valuable. I read it in my mid-twenties and have been hooked on the principles ever since. I've recommended it countless times to anyone who will listen. LOL

@jeffreycousins7704 8 ай бұрын

Very good points. After all-"What does it profit a man to gain the whole World and lose their own soul?"

@JBoy340a 2 ай бұрын

I am reading this now and am kind of unimpressed. What he says makes sort of sense but when you earn you are also hopefully creating generation wealth.

@me0101001000 8 ай бұрын

If you're interested in diving into an older, but arguably more timeless and holistic version of the book, I recommend Candide by Voltaire. It is not nearly as direct with its lessons, but it offers a lot in terms of how to live well, and as the book says, "cultivate your garden".

@dailytheology1689 8 ай бұрын

This book is one of my favorites. Wish I would have read it when I was 10.

@nz7233 8 ай бұрын

Love your content! What's your recommendation for the easiest and simplest tool or method to "Track Every Cent" and "Track Your Net Worth"?

@ambition112 7 ай бұрын

0:27: 💰 The book 'Your Money or Your Life' is a classic personal finance book that offers valuable insights on financial independence and the importance of money in our lives. 2:38: ⏳ We often take time for granted and trade it for money, but it's important to consider how we use our financial resources. 4:32: 👥 The video discusses how society labels individuals based on their job titles and emphasizes the importance of not letting job titles define us as individuals. 6:49: 👨‍👧‍👦 The speaker discusses the idea of more is better and how it influences consumerism. 9:07: 📚 Learning to take inventory of what we already own and finding pleasure in it can lead to a frugal and fulfilling life. 11:29: 💰 The speaker discusses the sacrifices they made to pay off their student debt and emphasizes the importance of reclaiming one's dreams. 13:27: 📈 Tracking net worth can provide valuable insights into financial progress and reduce unnecessary stress. Recap by Tammy AI

@Knightshield 5 ай бұрын

RIP Mint

@ordinaryhuman5645 8 ай бұрын

I don't remember much from this book i. particular after all of the reading I've done, but one takeaway was the chart it described, with income, expenses, and hypothetical investment income plotted out over time. I have built up a nice chart over the years with monthly updates that is now just starting to show that I can probably retire, which is pretty neat.

@peterl2767 8 ай бұрын

Great content 👌 👏 👍

@johnmcquaid7524 8 ай бұрын

1st! 🎉

@user-qc6yq1jh4j 4 ай бұрын

unless its MONEY 6:44

@brucestiles6477 8 ай бұрын

Will Mint allow you to "split" a transaction into multiple categories of expense?

@TylerG7777 8 ай бұрын

Yes, you can split transactions into separate categories.

@Gwillis7 8 ай бұрын

Is that a new shirt?

@skfotedar 8 ай бұрын

Great video. Another great book is ‘How to ruin your financial life’ by Ben Stein

@KhajitfromOblivion 8 ай бұрын

You're Smarter than you Look...

@portlandrestaurants 8 ай бұрын

I wrote Joe Dominguez right before he died and received a letter back. That book changed my life but I was married and couldn't follow it. Now I am divorced and early retired (slightly early).