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My takeaway

Get to understand how much money is enough for you to have a life you love, now and in the future. Stop buying yourself out of every problem and see challenges as opportunities to learn new skills. Remember that waste does not lie in the number of possessions, but in your failure to enjoy them.


My notes

These are my informal notes from Your Money or Your Life. It contains a mix of key highlights as well as my own thoughts and lessons.

  • Endless desire is one of the pitfalls of human nature, and one of the first things you need to cure if you want to get ahead more quickly.
  • It’s not about the money; it’s about the meaning, about clearing away clutter to get to the marrow of life.
  • Far too often we are taught that our spending decisions are simply a matter of our personal choices.
  • Financial Independence means no longer having to work for money.
  • Financial Integrity is achieved by learning the true impact of your earning and spending, both on your immediate family and on the planet.
  • Our happiest moments come from love and contribution, and we want more time for what makes life truly meaningful.
  • One tangible outcome of Financial Intelligence is getting out of debt and having at least six months of basic living expenses in the bank.
  • If you live for having it all, what you have is never enough.
  • There are limits in nature. At a physical level, nothing grows forever. Every plant and every animal has a life cycle.
  • Enough is a fearless place. A trusting place. An honest and self-observant place. It’s appreciating and fully enjoying what money brings into your life and yet never purchasing anything that isn’t needed and wanted.
  • Clutter is anything that is excess—for you. It’s whatever you have that doesn’t serve you, yet takes up space in your world.
  • Our values are those principles and qualities that matter to us.
  • Values are like an ethical DNA, made up of our sense of right and wrong, that structures our choices
  • Our behavior is a concrete representation of our values. How we spend our time and money speaks volumes about who we are and what we stand for.
  • “Which expenses would decrease or disappear altogether if I didn’t work for money?”
  • You can never have enough if you are measuring by what others have or think.
  • Waste lies not in the number of possessions but in the failure to enjoy them.
  • To be frugal means to have a high joy-to-stuff ratio.
  • Advertising doesn’t make you buy stuff. Other people’s expectations don’t make you buy stuff. Television doesn’t make you buy stuff. Your thoughts make you buy stuff. Watch those suckers.