Your Money Or Your Life Summary - Deepstash
Deep Dive Into The Fashion Industry

Learn more about personaldevelopment with this collection

The history of fashion

The impact of fashion on society

The future of the fashion industry

Deep Dive Into The Fashion Industry

Discover 34 similar ideas in

It takes just

5 mins to read

Your Money Or Your Life – Book Summary

Your Money Or Your Life – Book Summary

Your Money Or Your Life is the ultimate guide to financial freedom, as it explores nine effective ways to stop living paycheck to paycheck, get out of debt, earn enough money to make more than just a living, and start living your life worry free from a financial point of view.

They say that money is the root of all evil, yet the lack of it doesn’t seem to make us happy either. In fact, the lack of it makes us crave it even more. We put time and effort until we reach that state where we’re finally free. However, some waste a lifetime in this trap, without ever achieving their goal.


610 reads

Living debt-free is what most of us aspire. Having more sources of income and being able to celebrate the important moments in life. With more money, we can take care of our dear ones. All of these are the goals for those who weren’t born with a silver spoon. However, too many of us fail at fulfilling them because the financial system is wicked and we haven’t yet found the formula for success, or have we?

Your Money or Your Life teaches you how to improve your relationship with money and achieve financial freedom, which means having enough to live a meaningful life and not stress about money.


472 reads

Here are my three favorite lessons from the book:

  • Financial independence comes with knowing your net worth, your current earnings, and your past expenses.
  • Budgeting and evaluating subcategories in your income and expenses sheet will help you assess much more than just money.
  • Invest your hard-earned money so that they don’t depreciate in time.

If you‘re ready to transform your relationship with money, keep on reading, as we’ll explore each lesson in detail below!


549 reads

Lesson 1: The first step towards financial independence is to calculate your net worth, your expenses, and your earnings to the

Any good plan has a foundation or a starting point. If you want to improve your relationship with money, you’ll first have to find out how much of it you’re spending. Start by tracking all your past income and summing it up. Use old resumes, paychecks, or even information from the Social Security Administration.


461 reads

Sum it up, and make sure to include cash gifts and other income received in your life. Now, take a look at how much you currently have. Include cash, money in the bank, stocks or bonds at the current market value, and your fixed assets, like a car or a house. Liabilities like mortgage, car payments, and debts should be accounted for as well.


392 reads

Lesson 2: Build an evaluation system to assess if the life energy spent working is worth the satisfaction received

With budgeting comes a clearer record of your income and expenses. While it gets easier to track your expenditures, you get a fresh perspective on something bigger than that. Your life energy-to-satisfaction ratio. Let me explain!


378 reads

Essentially, when you’re trading your time to work and get paid, you’re giving away precious life energy. All of this will be in exchange for money that you use to buy necessities and pay for a life worth living. Now, if you put that down into numbers, you’ll see that you’re paid a certain hourly rate. But it takes time to prepare for work and money to buy work supplies, such as clothes or razors. Therefore your net income per hour may be much smaller than you thought.


293 reads

To put that into perspective, ask yourself if what you’re working for has a good life energy-to-pay ratio, and if not, consider lowering the costs associated with eating out, for example. If you don’t feel like giving away 20 hours of your life to pay for restaurant dates, you’ll have to reconsider this habit. If you’re comfortable and it aligns with your value, reconsider other expense categories.


271 reads

Studies suggest that people who focus heavily on money, positions, or conventional success are highly probable to suffer from depression and increased anxiety. Instead, invest your precious hours worked and your money into things that relate to yourself and make you happy.


304 reads

Lesson 3: Let your money make more money for you while you focus on other aspects of your life

One of the last parts of this book is about investing, which implies placing your money in assets such as bonds, stocks, or even real estate, to produce more income in the long run. So, where do you start? People often think about investing as something risky, but that’s just because they don’t know how to do it.


290 reads

Essentially, you’ll want to opt for the safest securities out there, especially if you’re new to the game. You don’t need a financial advisor, but you will need to decide how much you want to allocate each month. This allocation will be based on how much you’ll need in the long run. Also, it’s safe to assume that you need to put aside six months worth of expenses before you start.


264 reads

Investing is risky in the short run, as your securities can drop in value and you’ll find yourself in need of that emergency fund. However, they can produce a lot of wealth in the long run, so you’ll want to play that game by opting for treasury bonds, exchange traded funds, and when you start to understand the game a bit more, you can pick certain companies yourself, but only with a small percentage of your investing funds.


249 reads

Your Money or Your Life – Book Review

Your Money or Your Life explores the idea of money from a broader perspective, starting with the importance of calculating your net worth, all the way to investing your spare funds. The book will help you budget better. Learn the basic principles of investing, start an emergency fund, calculate your real pay and many more! Reading this book is a must for anyone looking to reach financial freedom and get serious about their money status.


223 reads

Who would I recommend the Your Money Or Your Life to?

The 35-year-old person who wants to start being more money-conscious and save for retirement. The 23-year-old graduate who has a great interest in finance and investment opportunities. Or the 28-year-old who wants to take charge of their financials to live a more meaningful life.


289 reads

Author Quote

Author Quote

“If you live for having it all, what you have is never enough.”

-Vicki Robin


354 reads



Introverted Extravert


Your Money or Your Life - Book Review


Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas


Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.


2 Million Stashers


5,740 Reviews

App Store


72,690 Reviews

Google Play


Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Read & Learn

20x Faster





Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.


I agree to receive email updates