Jo Rhodes
SebastianBook that I'm reading right now: "Your money or your life" by Vicki Robin. I'll try to put some highlights and quotes on this thread as they come up...
#reading #books #vickirobin
#reading #books #vickirobin
Hoping to meet #VickiRobin #WestSeattleTimebank and visit #OlympiaMutualAid .. #ErnestoSirolli in #Sacramento and #Sebastopol #Sonoma and #SFBayArea #Timebanks
Here's the only inspiring idea that I took from the book on financial independence:
As soon as your (decreasing?) expenses and your (increasing?) returns from invested capital match, you live from your investments.
Plotting this crossover point (pic related) may be motiating as hell, because it tells you "how many more years" you need to keep working. It gives you a clear goal. I might try that.
The most blatant thing missing from the book is an explanation to *why* you should become financially independent / rich. After all, I'll have to put much effort and energy into this project, some motivation is necessary.
Figuring out a spreadsheet is the easy part.
Ok, the book "Your Money or Your Life" left me disappointed. It teaches you in several chapters (!) how to track your income & expenses: Keep spreadsheet, who would have guessed?
"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."
In the foreword, Mr. Money Mustache (what a name!) urges you to cut expensive hobbies: "With just a few of the more expensive 'true passions', you can lock up almost any lifetime's income..."