Below are few key takeaways from the book – Your Money or Your Life
1. “We Aren’t Making a Living, We’re Making a Dying” If your work leaves you dead tired by end of the day, it should make you wonder why we actually call it making a “living”. Your job comes to dominate every fibre of your being
2. “Isn’t the truth of it closer to “making a dying”? Aren’t we killing ourselves—our health, our relationships, our sense of joy and wonder—for our jobs? We are sacrificing our lives for money, but it’s happening so slowly that we barely notice.”
3. “We Make a Dying at Work so We Can Live It Up on the Weekend”
4. “If you live for having it all, what you have is never enough.”
5. Desire is a contract that you make with yourself to be unhappy until you get what you want
6. “Money is something you trade your life energy for. You sell your time for money” You are never goanna have as much time remaining in your life as THIS MOMENT. Every day, we exchange our time for money
7. That doesn’t mean you stop spending. But stop spending for the sake of being part of the rat race. Remember, all this stuff is actually costing you your limited time
8. Calculate your per hour wage from your job. The number of hours should include, apart from the working hours, the time spent in commuting, getting ready, recovering the energy levels after a day’s work etc. The final figure might surprise you
9. “For those opting for Financial Independence, it reinforces the awareness that work is no longer about “another day, another dollar,” but is rather about drawing one day closer to their goal of freedom from financial fears and fiscal failures.”
10. “For those opting for Financial Independence, it reinforces the awareness that work is no longer about “another day, another dollar,” but is rather about drawing one day closer to their goal of freedom from financial fears and fiscal failures.”
11. Differentiate between work and something that you do to earn money. Either do what you love or if you don’t have that option, try and get paid a lot for what you do. You are doing something you don’t like, might as well get properly paid for it.
12. We have started to associate so much of ourselves with our jobs that we have to take “time off” to do what we like. This implies that “time on” is always doing our jobs and doing something for sake of earning money.
“Midlife comes and we discover we’ve been living our parents’ agenda. Or worse, we’ve been filling teeth for twenty years because some seventeen-year-old decided that being a dentist would be the best of all possible worlds.”