YOUR MONEY OR YOUR LIFE SUMMARY (BY VICKI ROBIN)

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Animated summary of Vicki Robin's Your Money or Your Life. This is THE go-to book for taking back your life through changing your relationship with money.
The ultimate playlist of books on how to save money fast: bit.ly/2Onqiwa
Top 5 Takeaways of Your Money or Your Life:
0:00 Intro
1:09 1. Decide Your Own "Enough"
2:56 2. Compare Your Lifetime Income to Your Net Worth
4:35 3. Calculate Your True Hourly Wage
7:33 4. Money isn't $, € or SEK. It's Life Energy.
9:21 5. Create a Wall Chart of Income and Expenses
TL;DW:
- Advice number 1 is that you must escape the endless race of “more” and decide when you’ve had enough. Enough differs from person to person, but we all have such a point.
- Takeaway number 2 is to make peace with the past by recognizing your spending habits from your earlier life. To do this, compare your net worth with the total amount of money that you’ve ever earned.
- In takeaway number 3 we talked about how you can decide your true hourly salary, and that paid work should be focused around maximizing this number.
- Number 4 is probably the most important takeaway in the book, and that is that money is life energy. Every expense that you have is depleting this energy.
- Finally, takeaway number 5 is that you should create a wall chart to start tracking your income and expenses monthly. Done right, this will increase your gap between income and expenses, which will allow you to generate more investment income. Investment income is what will make it possible for you to answer, “I’ll take both, thank you” when someone asks you “your money or your life?”.
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.

[@TheSwedishInvestor]

The ultimate playlist of books on how to save money fast: bit.ly/2Onqiwa

[@johnhilyard3645]

What is this style of whiteboard video? Is it an app or from a software? I love it and would definitely like to know.

[@MatteoVeronese82]

Early Retirement Extreme By Jacob Lund Fisker?

[@Billionaireben]

If someone read this title to Jack Benny, he'd pause, they'd ask again and he'd say "I'm thinking about it!" (That was from the Rich Little TV special where he impersonated Jack Benny getting mugged, along with many other characters; I think it was the Robin Hood special.)

[@user-eb4tg5sz3l]

@@johnhilyard3645😊😊😊😊😊😊😊😊😊😊😊😊😊😊

[@LiveWithLess]

I read this book twice. I can fully recommend it! Its a game changer! 😊👍

[@naturalpeak8905]

Why Nancy? I am also planning to read this book but i am confused?

[@almohvn33]

AGREE... I RETIRED AT 57 BECAUSE OF THIS BOOK... AND THE SECRET.. AND GOD!

[@vtheb1299]

@5:15 you forgot to mention unpaid house work: grocery shopping, vacuuming the floors, washing the dishes, cooking, laundry, taking care of elders, kids, or family with disabilities, etc. etc. That's WORK too.

[@4legsfitness]

This was an excellent and very useful summary. Thanks for putting this together.

[@askvanita]

Great summary and very good delivery of content. The is for putting this together.

[@magpie2728]

Man, this video is so good. If anything, I feel it's a must watch for everyone. The younger they see this video, the better. Thanks for making it.

[@withOsamaNatto]

Thank you for taking the time and putting in the effort

[@patrickbryan4678]

Awesome video summarizing the book ! Well done and Thankyou for putting this together !!

[@jesselangel4939]

This was outstanding. Beautiful job.

[@1Akanan1]

i've been watching lots of your videos lately. And this one strike, you have grown a lot as a KZbinr since this video. You got much better over time, good job.

[@pujipangestu8252]

Very very clear explanation in a short video .... Mostly I like : * definition of enough * what is work and its 2 classification --> paid for money --> personal's function * Paid/hours * Life energy I plan to early retire by May next year, for my family (especially my daughters) and more time spend for voluntary activities ( I join Tzu Chi ) Thank you so much Best regards

[@tigranvoskanyan5411]

Underrated channel ! Thanks !

[@AverageAngel]

Great video and summary of the basic steps to financial independence

[@jgilesh]

Perfect summarize. Thanks

[@kennicholas6775]

Excellent video. Nice use of The Matrix in your superb explanation of Your Money or Your Life? Both, thank you!

[@stephendegenaro6387]

Your videos are fantastic! noted - great work man! :)

[@gsftom]

Excellent summary on a great topic. Everyone should take a look at this and try it. Subscribed 😀

[@anupamkumar1793]

After watching this my mind think very clearly what I thought earlier, thank you so much swedish.I love your explanation and sound you have put in. However the most important point is your takeaway points. Hope you will upload more videos so that we shape our life better and safer.😊👍

[@TheSwedishInvestor]

Anupam Kumar, thank you very much for your kind words. I'm happy to hear that you liked the content. There will be more videos coming in the future, and I'm even more motivated to do it when I get comments like yours! 👍

[@rivertonrentalswy]

Thank you!!

[@PeetersDani]

Insanely helpful, thanks!

[@TheSwedishInvestor]

🙌

[@pinthespock5218]

Great book!! Love the summary!

[@TheSwedishInvestor]

Thanks a lot! 😊

[@mantasjakelaitis5215]

thank you for the information!

[@TheSwedishInvestor]

Thank you for your support 😊

[@AnanyaChattopadhyay09]

Wow. Thank you.

[@prabhathbandara4122]

Thank you.

[@GanpatiRam]

Thank you😊🤗

[@mfunf]

Right on point , again . Thanks , man .

[@TheSwedishInvestor]

Cheers bro! 😁

[@farzamdxb9678]

Thank you

[@vikramshivram]

Great summary...in investing the golden rule is to gain by taking less risk...we can apply the same to life too...how do we have a more satisfying life by taking less stress or being more healthy etc...thanks for synthesizing the learnings...

[@TheSwedishInvestor]

Thank you Vikram Shivram! Definitely agree with removing stress and being more healthy. Removing risk totally from you life would make it quite boring though, don't you think?

[@vikramshivram]

Absolutely...only removing the unpredictable risks would certainly make life much better. Thanks

[@TheAmaloita]

Thanks you! Like it..

[@TheSwedishInvestor]

Thank you Amaloa! 😁

[@wicitradyaksa5599]

Well done, good idea, nice video, keep going bro!

[@TheSwedishInvestor]

🙌

[@GWOPMagazine]

Thanks 4 this.

[@TheSwedishInvestor]

🙌

[@nonsensepoopypants7415]

Work is force multiplied by displacement.

[@kennedytay1298]

Reflect, organizing, up skills, trial runs

[@John-stellar]

Good one

[@yssjc1414]

4:41 force x distance

[@simon_k4551]

Another shocking brilliant video.

[@TheSwedishInvestor]

I'm very happy to hear that Simon_k695! Thanks for your support! 😁

[@christiansultana9055]

Great illustration. Will definitely give it a try. :)

[@TheSwedishInvestor]

Awesome. Thank you for the support man.

[@LEOFADS]

Great video

[@dianas9830]

What is Investment Income, if the money is in ETF? The money which I have investet, or the value? This makes a great difference.

[@nikiclaypool8800]

Amen

[@kundanpintoo1]

great

[@TheSwedishInvestor]

Thank you Kundan Kumar!

[@jameswalker366]

Life energy aka “Time”

[@kbhatia76]

Amazing summary. I am tempted to read the full book. Thanks Swedish Investor.

[@hoaithanh3005]

I hope you review Rule # 1, Payback Time, The Education of a VALUE INVESTOR, A Man for All markets, You can be a stock market Genius

[@TheSwedishInvestor]

Hey Thanh! Thank you for your suggestions! I can say that at least one of those is upcoming on the channel within shortly 👍

[@Charles.Yang080]

What is the name of this software or app used to create these videos?

[@felixrosenberger8048]

Wouldn't it be better to use the median work hours if median income is used? I imagine that this number will be less than 40h/week in societies like Sweden, hence the hourly wage would increase

[@ss-oq9pc]

You should read/listen to 'The Richest Man in Babylon' after this. The audio book is also on youtube.

[@Lucky-lh9js]

Hello, Does "EXPENSES" on the Wall Chart include fixed expenses (rent, bills, etc.)?

[@viktor4038]

Jup I'd say so, since he said you'll achieve financial freedom as soon as your investment earnings are as high as your expenses :) I wish you best of luck with getting closer to your financial freedom in 2020!

[@Lucky-lh9js]

@@viktor4038 why thank you handsome stranger mhmm

[@raybands3707]

+The Swedish Investor, Greeting ! First I wish to commend you on your expertise an understanding your subjects and your ability to provide excellent illustrations! Please allow me to point out and area that's been overlooked by mister joe dominguez who developed the program in the book called, "your money or your life"! YOU MUST LEARN HOW TO COMPRESS THE ( FACTOR ) OF TIME! To reach the cross-over point of, " Income Earned / Expenditures Spend " Which is the ( zero axis ) of any inverse ratio, which controls both outcomes ( negative & positive ) and is the universal mechanism to control the outcome results of any and all subject matter, from unified physics, the how to twist a door knob! YOU ARE A BRILLIANT YOUNG MAN! " PRESS ON REGARDLESS" !

[@TheSwedishInvestor]

Thank you Ray for these kind words. And thank you also for your insights! Time is definitely a concept that the book is centered around, but more in regards of how to spend it wisely. Your point about reaching the cross-over as quickly as possible is something that I myself find to be an interesting topic, but they fail to describe that in the book, as you say (perhaps on purpose). Some of my other book reviews, such as "Rich Dad's Cashflow Quadrant", "Angel: How to Invest in Technology Startups" and "Trade Your Way to Financial Freedom" could be useful to check out on the subject of time-compression.

[@aliataya5125]

I took the red pill!!

[@TheSwedishInvestor]

😁👌

[@ZaoZaoification]

@@TheSwedishInvestor based

[@paul-andrehenegar551]

I'm not convinced by takeaway 3. If I spend about a third of my time for work or work-related activities, why shouldn't I make it fulfill personal functions? I don't think I would be able to persevere if I don't, regardless of how much money I end up earning.

[@hiimchris3398]

CHECK! 30/11/2021

[@MohsenEshraghi]

💎

[@ByWayOfDeception]

play back at .75 speed

[@JWalton314]

"Your GP or your HP!"

[@CJinsoo]

that estimate on the real hourly wage is depressing. but helpful insight.

[@MartianManHunter2258]

[Pay 100 gold]

[@shadestrider1033]

MartianManHunter2258 You are smarter than you look.

[@gmatsue84]

@@shadestrider1033 [Pick 100 gold]

[@shadestrider1033]

@@gmatsue84 Take it. It's worthless to me anyway.

[@grace1929tuppil]

GOAT COMMENT LMAO

[@SamuelAlder]

well made vid i think you could make it even more dramatic! :P

[@nickerb3966]

VIDEO: What is work MY BRAIN: don’t say it... MY BRAIN: don’t say it, nerd ME: ...force x distance

[@idrk1507]

SAME. You are me

[@Atlanta718]

How much is enough? $75k for most people Respect, attraction, entertainment Net worth, liquid and fixed assets - financial Independence Convert to life energy - Fulfillment - Align with value - Evaluate Do 3 months of budgeting by tracking expenses Generate capital Interests Capital gains Royalty, Real Esate rent, Investment dividends Investment income

[@kalleandersson2616]

Great stuff. I'll shut down my laptop and head over to the nightclub now!

[@TheSwedishInvestor]

Thanks bro! I hope that it's life energy well spent for you!

[@locomoco2012]

Nightclub? Brah you still beta?

[@22Tidus]

Kalle Andersson I’m docking you 2 days pay!

[@sivasankarkanakala3400]

I thought to take the blue pill. But, my favourite colour is red.

[@masudahmed2337]

Your videos are nice. I like them. But one thing i Don't like is that, there are elaborate texts in the video. Reading is hard. So if you remove long text sentences on the screen and insert them in the audio. It would be very nice, i think.

[@driverdan6988]

👌👍😉

[@smeech5177]

I laughed when you said 5 weeks of paid vacation 🤣🤣🤣🤣

[@catherineb2595]

Distracting background noise.😢😢

[@hl3641]

Funny I realized all these b4 30 and went on F.I.R.E. w a few mils.. and my Ex called me looser … and she is still strongly believing that she has a point … lol..

[@zoxmis5981]

Tge highwayman

[@careermining8404]

43% is huge number. I can't accept this data. It should be 1 %.

[@iamcollinlam]

It’s easier said than done. Your life is NOT just your life, but all your family members around you, and the changing mechanism of reality. This book is not for achievers.

[@TheSwedishInvestor]

What do you mean with "not for achievers"? Please elaborate 😊

[@marcob4841]

He meant "consumers"

[@roop5318]

What's up with these computer generated voices though?

[@jdicari9534]

all this vídeos make me so f$&#^ing lazy and they never give me a different option

[@joeb.317]

Too much info