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I have been reading Your Money or Your Life
1) How much fulfillment, satisfaction, and value do you get from an expenditure compare to the life energy spent?
2) How is this expenditure aligned with your values and purpose?
3) How would this expenditure change if you no longer had to work?
It is a good reminder for me that for each purchase we are trading my time (life energy) in return for whatever we are buying. It reminds me to stay focused on our financial freedom goal and reexamine that what we think we really need vs what is a nice to have. I can think of several purchases over the past year that wouldn't make it past this mental checkpoint.
by 2million on
02/20/12
| Comments (3)
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Comments (3)
Now that we're living on one income I don't think we could ever go back to having us both working, the trade off of time/money is too great, it's something that really struck home when I received a job offer last year, all of a sudden there would be a bunch of sacrifices we would have to make (vacation/kids activities & school/time together/etc.), in the final analysis it wasn't worth it
Posted by PFM | February 20, 2012 10:39 AM
I agree. Your Money or Your Life is a game changer if you read it carefully and apply it to your existence.
Posted by BusyExecutiveMoneyBlog | February 20, 2012 2:01 PM
Good points in your article! If you make $10 an hour and you go buy an $800 flat screen, that's 2 full week's worth of work! If you count taxes it's more than that. But you get the point. I don't think people think about how much time and energy it takes to make money and they spend it on things that give them very little pleasure.
Posted by Jason Spencer | February 27, 2012 10:16 PM