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Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018 Paperback – December 10, 2008

4.5 out of 5 stars 5,999 ratings

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A fully revised edition of one of the most influential books ever written on personal finance with more than a million copies sold

“The best book on money. Period.” –Grant Sabatier, founder of “Millennial Money,” on CNBC Make It

"This is a wonderful book. It can really change your life." -Oprah

For more than twenty-five years,
Your Money or Your Life has been considered the go-to book fortaking back your life by changing your relationship with money. Hundreds of thousands of people have followed this nine-step program, learning to live more deliberately and meaningfully with Vicki Robin’s guidance. This fully revised and updated edition with a foreword by "the Frugal Guru" (New Yorker) Mr. Money Mustache is the ultimate makeover of this bestselling classic, ensuring that its time-tested wisdom applies to people of all ages and covers modern topics like investing in index funds, managing revenue streams like side hustles and freelancing, tracking your finances online, and having difficult conversations about money.
 
Whether you’re just beginning your financial life or heading towards retirement, this book will show you how to: 
 
• Get out of debt and develop savings
• Save money through mindfulness and good habits, rather than strict budgeting
• Declutter your life and live well for less
• Invest your savings and begin creating wealth
• Save the planet while saving money
• …and so much more!

"The seminal guide to the new morality of personal money management." -
Los Angeles Times
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Editorial Reviews

Review

"The best book on money period." -Grant Sabatier, founder of "Millennial Money," on CNBC Make It

"This is a wonderful book. It can really change your life." -Oprah

"The seminal guide to the new morality of personal money management." -Los Angeles Times

"Vicki Robin wrote the book on retiring happy. Now a whole new generation is taking her advice. [She is] the millenial money whisperer." -
Money Magazine

"Your Money or Your Life is a wise book...I am thankful to Joe Dominguez and Vicki Robin for getting so much of this started, as are countless thousands of other people who are now more free than they could have otherwise been." -Mr. Money Moustache

"Now as never before, it's time to stop trying to 'get ahead' in a race that both fixed and futile, and figure out how to organize your life so that it can be your life. Your one precious life, lived for yourself and for your community and for your planet. Your Money or Your Life shows you how to make the shift." -Bill McKibben

"If you want to invest in your financial future and (more importantly) your long-term happiness, I can’t think of a better investment than Your Money or Your Life.” —Brandon Ganch, "Mad Fientist"


“Vicki Robin’s Your Money or Your Life offers readers the gift of meaningful, applicable advice so that they can achieve true financial independence on their terms. It is deservedly one of the most acclaimed and referenced financial advice books of our time and will undoubtedly continue that legacy for generations.” — Farnoosh Torabi, bestselling financial author and host of the award-winning podcast So Money

"[
Your Money or Your Life] changed my life...I started believing that my life controlled my money. I began to see my life without the weight of debt and the need to chase a paycheck because I actually understood the path to get there." -Trent Hamm, "The Simple Dollar"

About the Author

Joe Dominguez (1938-1997) was a successful financial analyst on Wall Street before retiring at the age of thirty-one by following the nine-step program he formulated for himself. He taught this formula for many years, and preserved it for future generations in Your Money or Your Life. From 1969 on, he was a full-time volunteer and donated all proceeds from his teaching to transformational projects.

Vicki Robin is a renowned innovator, writer, and speaker. In addition to coauthoring the bestselling Your Money or Your Life, Robin has been at the forefront of the sustainable living movement. She has received awards from Co-Op America and Sustainable Northwest and was profiled in Utne Magazine’s book Visionaries: People and Ideas to Change Your Life. She is also the author of Blessing the Hands That Feed Us: What Eating Closer to Home Can Teach Us About Food, Community and Our Place on Earth. She lives on Whidbey Island in Washington.

Peter Adeney, better known as
Mr. Money Mustache, is an influential financial blogger who retired financially independent shortly after turning thirty, and now writes about how to live a frugal life of leisure.

Product details

  • Publisher ‏ : ‎ Penguin Books
  • Publication date ‏ : ‎ December 10, 2008
  • Edition ‏ : ‎ Revised
  • Language ‏ : ‎ English
  • Print length ‏ : ‎ 368 pages
  • ISBN-10 ‏ : ‎ 0143115766
  • ISBN-13 ‏ : ‎ 978-0143115762
  • Item Weight ‏ : ‎ 8.6 ounces
  • Dimensions ‏ : ‎ 0.8 x 5 x 7.6 inches
  • Customer Reviews:
    4.5 out of 5 stars 5,999 ratings

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4.5 out of 5 stars
5,999 global ratings

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Customers say

Customers find this money management book influential and well-written, appreciating its practical step-by-step approach to achieving financial independence. The book receives positive feedback for its pacing, with one customer noting it brings inner peace, while others describe it as an eye-opener. However, the length receives criticism for being hundreds of pages long, and the narrative quality is negatively impacted by numerous pointless anecdotes. The advice quality is mixed, with some finding it excellent while others disagree.

276 customers mention "Financial advice"253 positive23 negative

Customers find this financial advice book influential and life-changing, providing common-sense steps to achieve financial independence.

"...It changed my financial life...." Read more

"I found the book to be very informative and I could not wait to finish it. I have recommended this book to others, especially my husband...." Read more

"...this book last week and I gotta say I enjoyed it.i found it very insightful and a good eye opener...." Read more

"By far one of the best personal finance books I've ever read. It approaches the subject from an entirely different angle...." Read more

244 customers mention "Readability"203 positive41 negative

Customers find the book well written and consider it one of the most important books they've ever read.

"Finished the book in an hour. Great book for people who know nothing about managing money like my sister who pulls in $200k per year for the..." Read more

"...But, that said, this is a good book for someone who is just getting started on a personal finance journey...." Read more

"Good book but repetitive." Read more

"Great Book!" Read more

70 customers mention "Ease of use"52 positive18 negative

Customers find the book easy to use, appreciating its practical step-by-step approach and clear guidance. One customer notes that it is divided into 9 straightforward steps.

"This is an easy to follow how to balance income and outflow...." Read more

"This book is so well thought out and the ideas are easy to implement. It makes your life make more sense, no pun intended!..." Read more

"Meh. . . laborious and tedious advice. Only made it through about 40 pages until I was bored out of my skull." Read more

"...The ideas can be found on many blogs, but this is as straight forward and distilled as you can get...." Read more

16 customers mention "Pacing"16 positive0 negative

Customers appreciate the book's pacing, describing it as solid and reliable, with one customer noting its structure and another mentioning it brings inner peace.

"...spending less and finding financial independence, happiness and inner peace by freeing yourself from the lie of consumerism and psychopathology of..." Read more

"...Overall the premise of the book is solid...." Read more

"...It arrived quickly and in flawless condition." Read more

"Wow, very concrete book, easy to read. Only on day one and I'm almost done reading the book. Very captivating book for a finance/life book...." Read more

15 customers mention "Enjoyment"15 positive0 negative

Customers find the book enjoyable and eye-opening, with one mentioning it brings peace of mind, while another notes it provides a bird's-eye view of their financial situation.

"...Very insightful and eye-opening. It teaches what you're money means to to you and makes you realize the value of your time...." Read more

"Truly inspirational and eye opening with so much great information you on. I'm excited to continue life as an FIer!" Read more

"...", living on less, spending less and finding financial independence, happiness and inner peace by freeing yourself from the lie of consumerism and..." Read more

"...to discover what is "enough" for you personally to live a fulfilling quality of life...." Read more

22 customers mention "Advice quality"11 positive11 negative

Customers have mixed opinions about the advice in the book, with some finding it excellent while others disagree.

"...It helped me to dissociate my identity and self worth from money and career...." Read more

"Basic principles of this book are decent, however, the principles are not gold and it could be summed up well in 50 pages or less...not the redundant..." Read more

"...It's more moral awakening and strategy than lecturing and scolding. Well worth reading." Read more

"...Its BAD advice. What happens if you need to leave in an emergency like everyone else because of an evacuation?..." Read more

12 customers mention "Length"0 positive12 negative

Customers find the book's length excessive, with multiple reviews noting that it is hundreds of pages long and the author is extremely long-winded. One customer mentions that a chapter on investing is only 30 pages long, while another notes that 80 pages are considered worthless.

"...be summed up well in 50 pages or less...not the redundant, ranting 300 page book it is...." Read more

"...The book is dense, sometimes repetitive and I found the case study examples boring after awhile...." Read more

"...go about using your money, this is for you, even if the author is long-winded in places." Read more

"...one idea that is likely to be new to most readers, but it is hundreds of pages long, anyway. I found it extremely tedious and a huge disappointment...." Read more

12 customers mention "Narrative quality"3 positive9 negative

Customers find the narrative quality of the book unsatisfactory, with multiple reviews mentioning it is filled with pointless anecdotes and is jam-packed with them.

"...First 80 pages of the book are worthless and torture mostly focusing on the consumerism/doomed/horrible smog-infested society we live in, last two..." Read more

"...There are countless stories from readers, most of which I found uninteresting and uninformative...." Read more

"This book has a core of good, basic advice to help readers be more intentional with money. It is terrible as an investment guide...." Read more

"...author forces you to micro analyze your finances in an extreme and dismal way. She incorrectly assumes that the reader hates their job...." Read more

Great book about WHY you spend money.
5 out of 5 stars
Great book about WHY you spend money.
I loved this book. My husband and I were burned out as business owners and needed this book. I feel like the people who don't like this are not ready for this, because it is very introspective. It is not telling you what to spend your money on, it helps you examine why and how you spend your money. It makes you re-examine yourself.
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Top reviews from the United States

  • Reviewed in the United States on April 18, 2025
    Format: PaperbackVerified Purchase
    Your Money or Your Life has been an empowering and transformative read. The nine steps outlined in this book have helped me reframe how I view and manage money. This book’s practical advice has been invaluable in simplifying and prioritizing my expenses. The insights are clear and relatable, and quite easy to apply to everyday life. I have assembled quite a library on achieving greater financial literacy that I am passing on to my children and grandchildren. Highly recommend for anyone seeking financial clarity and freedom!
    One person found this helpful
    Report
  • Reviewed in the United States on May 14, 2024
    Format: KindleVerified Purchase
    I recently asked ChatGPT about the best books to become wealthy, and Your Money or Your Life was suggested. I went to check it out and then realized that I already had it on my Kindle, having bought it years ago. I had read most of the book but not all, and I hadn't used the tools suggested. Looking back now, it feels crazy that I had the simple solution for my financial chaos right in front of me - but instead, I was busy chasing quick fixes in other places ("success" retreats, woo-woo books, therapy, you name it).

    I have now finally finished Your Money or Your Life and had a huge aha-moment that this is the approach I want and need for sound money management moving forward. I know that the book's method works because although I haven't used all of its steps, I've been tracking my income and expenses every day for eight months (using a Japanese money journal, a "Kakeibo"). After having struggled with money my whole adult life, I'm now FINALLY living within my means and I'm set up to start creating wealth. It would never have happened without getting conscious about my actions with money through tracking how I use it.

    I think I probably dismissed Your Money or Your Life when I first bought it years ago because I wanted a shortcut to abundance, so those were the "solutions" I bought into. The problem is that none of the other methods really worked. Your Money or Your Life may not come in a sexy package, but it WORKS. The tools are simple too, and anyone can use them. If you're tired of financial chaos and feeling like you never have enough, read this book and USE THE TOOLS! Although a very practical and no-nonsense book, I think its results in one's life can still be magical.
    43 people found this helpful
    Report
  • Reviewed in the United States on May 21, 2025
    Format: PaperbackVerified Purchase
    I started liking this book when I read the sentence "What kind of society turns its young people into a profit center for the debt industry?" It got better from there and I'm really glad I bought and read it. There were several issues I wish it addressed in more depth. The first was the importance of earning quarterly Social Security benefits 4 times a year for 35 years as a way to reinforce financial freedom. The second was to always be employed, even at minimum wage, to earn those benefits. The third was to show average and median family net worth holdings by decades to give a sense of how net worths increase over time to contribute first to financial security, and second to reach family financial independence. I also would have liked to see some in depth discussion about college debt, how much was reasonable, and relative earnings values of various degrees, and how to pay them off in 10 years.
    We all come from different circumstances of poverty or wealth, social capital, and human capital. Our task is to recognize our circumstances, advantages and disadvantages, and use the insights of this book to help us to the results that dignify and suit us
  • Reviewed in the United States on May 15, 2018
    Format: PaperbackVerified Purchase
    Just finished this book. Have already recommended it to three or four friends. I don’t frequently tell my wife she needs to read something, but this book has so many thought-provoking ideas and questions, and such potential to shape our future financial life that I felt it was was critical reading.

    I recommend reading through quickly, then deciding how much detail to go into on some of the “assignments.” If you want the short short version, see the appendix, but i gained a lot through the extended, deliberate dive into each topic, the illustrations of real world people, and the time spent with my mind wandering and weaving Vicki’s recommendations into my own mental schema.

    Some of it is a bit overboard in my opinion—I personally see little value in tracking down old W2’s, for instance. But I did find spending 30 minutes or so estimating what I made each year of my life revealing in multiple ways.

    The process of methodically accounting for all you income and expenses can require a level of fastidiousness that I don’t have. Fortunately in this tech age online tools can help. I use Mint and love it. I began using Mint about a year ago, so some of the categorization tasks were already done for me. It has its quirks, but if you work past them it is a powerful, free budget analysis tool that pairs nicely with this book.

    The book left me invigorated, and inspired to live more simply so that I can spend more of my life “ working for a living instead of working for a dying,” financially independent, and content with “enough.”
    11 people found this helpful
    Report

Top reviews from other countries

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  • Carlos S
    5.0 out of 5 stars Gran libro!
    Reviewed in Mexico on June 13, 2021
    Format: PaperbackVerified Purchase
    Uno de los más grandes libros para hacer introspectiva de la relación que tenemos con el dinero.
    Report
  • Maylin
    5.0 out of 5 stars Inspirational book!
    Reviewed in France on January 19, 2018
    Format: PaperbackVerified Purchase
    I got a lot of inspiration from this book and will definitely read it again in the future. I also bought it as a gift to my family after reading it.
  • I ordered the blue Raspberry and received a product that has inside a different flavor!!! I need to report and refund and this is not authentuc
    1.0 out of 5 stars Cover already scratched
    Reviewed in the United Arab Emirates on August 11, 2024
    Format: PaperbackVerified Purchase
    The cover came already scratched
  • Carl Massy
    5.0 out of 5 stars I recommend this book ALL the time.
    Reviewed in Australia on November 17, 2023
    Format: PaperbackVerified Purchase
    A very practical, insightful and valuable read, which I recommend to all of my clients. I have also followed the guidance in the book and saved myself lots of money along the way. A huge thanks and thumbs up from me. :)
  • Nicholas Lau
    3.0 out of 5 stars A little verbose in my opinion.
    Reviewed in Japan on December 21, 2024
    Format: KindleVerified Purchase
    Points could have been a little more succinct, in my opinion.