Book Review: Your Money or Your Life

“Our behavior is a concrete representation of our values. How we spend our time and money says volumes about who we are and what we stand for.”

Money plays a much deeper role in our lives than we’d expect. We don’t realize the sacrifices we make to our own existence in pursuit of more money and more things. And just because we make good money at our current jobs, doesn’t mean we are using that money to the full extent that can enrich our lives.


This book delves into that deeper meaning of how money affects us, and it will change the way you see your money after reading it.

What is Your Money or Your Life about?

Your Money or Your Life: 9 Steps to Transforming Your Relationship With Money and Achieving Financial Independence was published in 1992 by Vicki Robin and Joe Dominguez and was updated in 2008.

Where most financial books talk about money as a way to achieve success in getting out of debt, saving for retirement, saving for that house, or that next project, Your Money or Your Life talks about how money is directly related to your life energy. It shows you how you can use that relationship to enhance your life.

“Money is something you consider valuable enough to spend...your allotted time on Earth getting, spending, worrying about...but ultimately you determine what money is worth to you. You “pay” for money with your time. You chose how to spend it.”

Your Money or Your Life explains how much your job is truly costing you. And it asks the question, “Is the life energy you’re spending at your job to get the salary you’re paid worth your short time on earth?”

The concepts about money in this book run deep and requires a new way of thinking. Having an open mind is essential when reading it.

The money concepts in this book run deep and requires a new way of thinking. Book Review: Your Money or Your Life

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Review Disclaimer

This is an unbiased review of the book Your Money or Your Life. I’m not being compensated for this review. However, links to this book in Amazon are through my affiliate link. Should you purchase this book using my link, I get a small commission at no extra cost to you.

What You’ll Learn From This Book

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    Understanding the money trap and making peace with past money mistakes.
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    Finding out how much money you've already made in your lifetime and to take inventory on what you have to show for it.
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    Learn the true meaning of financial independence (it's probably not what you're thinking).
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    Find how much of your life energy you've been trading to make money at your current job. One hour of work does NOT equal to your hourly salary (you'll be astonished how much it doesn't).
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    Learn the importance of tracking every cent that comes into, and goes out of your life by using analog report techniques.
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    Learn the concept of how much is really enough, the nature of fulfillment, and what it really means to be frugal.

If you are ready to learn how to understand the relationship of money and manage it in a way that supports your life values, this is the book you need to read.

Who This Book is For

The beginning of this book sums up who this book is for, I’m going to retype them here:

Ask yourself these questions:

  • Do you have enough money?
  • Are you spending enough time with family and friends?
  • Do you come home from your job full of life?
  • Do you have time to participate in things you believe are worthwhile?
  • If you were laid off from your job, would you see it as an opportunity?
  • Are you satisfied with the contribution you have made to the world?
  • Are you at peace with your money?
  • Does your job reflect your values?
  • Do you have enough savings to see you through six months of normal living expenses?
  • Is your life whole? Do all the pieces - your job, your expenditures, your relationships, your values, - fit together?

If you answered no to even one of these questions, this book is for you.

What Touched Me The Most About This Book

The biggest life-changing concept I got from this book was the fact that my desire to have stuff is deep seated in the fact that I don’t buy for value, I buy stuff for the sake of buying.

I also learned that just because I saved a few bucks on gazingus pins from a cheaper retailer doesn’t mean I was frugal. If I was truly frugal, I would have understood that gazingus pins aren't in line with my values and that I truly didn’t need it.

I learned the true cost of having a job. I was astonished to learn that even though at my former day job I was getting paid $XX per week salary, it was actually costing me $XXX to keep working there. Most of my money was going toward transportation, food, and clothing costs, and the life energy it cost me wasting time sitting in traffic for 3 hours each day.

I learned that my current perception of money is jeopardizing my future. I sometimes get fixated on things that I should buy because “I deserve it” and forget to realize that $250 spent today on something of low value is taking away from money I’ll need in the future.

This kind of thinking is what keeps me from leaving my current job because I “still need the money.” I never saw my day job as something that could be used as a jumping board to a better future life of early retirement. I see now that if I’m consistent in saving and managing my spending, I won’t have to work for this company for 15-20 years – it would be more like 5-10.

What Others Are Saying About Your Money or Your Life


94% of the people who read this book liked it.

Average ratings for all editions of this book is a 4 out of 5 stars; it has 8725 ratings.


Get your copy here.

4 out of 5 stars rating from 321 reviews (newest edition). 59% of the ratings voted it 5 stars.

Are You Ready to Read Your Money or Your Life?

Or have you read this book already? If so, I’d love to hear what your favorite parts of the book were (and not so favorite parts are welcome conversation too).

Let me know in the comment section.

Your Money or Your Life
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Hey there! In 2018, I paid off about $65,000 of debt after finally getting serious about it. That led me to becoming a freelance writer. Here on my blog I like to write about managing money and solo-business topics. Hire me to write informative content for your blog on topics of personal finance and small business. let's work together!

  • Hey Christine,

    I am big fan of self-help books. I am reading “Think and Grow Rich” now and recently completed “Rich Dad, Poor Dad”. Both books are really helpful to understand why some people are rich and why poor people are poor.

    I’ve added “Your money, your life” in my wishlist.

    I really like the questionnaire part because that’s what we lack when it comes to money management. I don’t have answers to those questions and books gives us that vision and that’s why we should reads books like this.

    Thanks Christine.

    • Christine C. Renee says:

      Hi Yogesh,

      Think and Grow Rich is on my reading list! I’ve heard so many good things about it. And Rich Dad, Poor Dad is the book that got me excited about starting my own business and getting my finances in order. It helped me get out of the “poor” mindset we get programmed into from an early age.

      You’re so right about books like this, they give us new perspectives that help us make better money decisions. 🙂

      Thanks so much for stopping by and commenting! Keep us posted, I’d love to hear what you think about Your Money or Your Life when you’re finished reading it.

  • Kath Mendez says:

    This made me evaluate my decisions haha. Thank you for sharing this.

    • Christine C. Renee says:

      Hi Kath!

      Lol, I know right! This book did the same for me. Glad you liked the review, thanks for commenting! 🙂

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