When Tom Friedman – famous tout-er of globalization – uses his columns to challenge the growth paradigm, you know the world is changing. He quotes here two long time prophets (back a few years ago they called them Cassandras) of coming climate change, Joe Romm and Paul Gilding) and asserts that 2008 will be seen at the beginning of the “Great Disruption” when “Mother Nature and Father Greed have hit the wall at once”. When
Once again, Saturday Night Live nailed it. Watch this clip about “Don’t buy stuff if you don’t have the money”. Of course, that’s obvious to you. And me. But don’t be surprised if you try to teach others about this approach to money and run into this kind of confusion… If you have been an FI educator, how have people responded to you? Anything like Steve Martin?
Two great website authors have interviewed me via email recently – the Simple Dollar and US News and World Report – and the articles are now on the web. They are quick to read, and interesting imho. Kimberly Palmer is a senior editor for U.S. News & World Report, writing about how to save money, avoid scams, manage debt, and be a savvy shopper. Her review is here. Trent Hamm is the host and author
Joe Dominguez worked for Loeb Rhodes and Co, an investment banking firm, for five years as a technical analyst and author of a weekly market letter. His boss was John Loeb, an imperious banker formed in the 1930’s through 1960’s. Interestingly, Loeb’s sage advice popped up this week in FORTUNE on CNN.com – first in a series of articles on the financial crisis. Reading it I hear Joe, too – astute, distanced from daily ups
Take my last two cars, for example. I saved up enough cash for the purchase. I did my research and picked the precise car for me. I called all the dealers within 100 miles and said, “I have cash to make a purchase today. What’s your best price for this car?” In both cases (my Toyota Tercel 4WD in 1984 and my Honda Insight in 2002) there was a 30% difference between the top and
Who is responsible for your money life? Of course, the FI program says, “You are” and offers tools and perspectives for steering your money life back into alignment with your goals, dreams and values. The social sciences of neuroeconomics and behavioral economics can help explain why your brain goes to sleep or gets distracted by baubles – and a recent article from bankrate.com describes seven money traps and how to get out of them. Here’s
FIer Jane Dwinell blogs with her daughter, Dana Dwinell-Yardley. If you want to read about her FI way of life, complete with a slide show to make your mouth water, go here. If you want more of her practical wisdom from her blog, read on. She has real investment advice – and it’s not about where to make a killing now…
Years ago a filmmaker asked if she could interview me about my own lifestyle – like what i eat for breakfast and are there any clothes I buy new. I can’t tell you how much I didn’t want to do that. The whole point of FI Thinking is to think for yourself, observe your own life, make your own inspired discoveries, feel smart about how you have a great life on less money than you
Speaking is 10% preparation and 90% listening to the audience – which is what I’ve been doing on tour. You’ve told me so much through your questions, and I’ll be blogging a lot this week to catch you all up. The meta question of course is “What do we do now… investing, saving, earning, spending, whatever?” What seemed stable – the growth economy – is still roiling, shedding jobs, toppling the Dow from over 14,000
Tassew was my cab driver to the airport in Atlanta. I noticed he had Freud’s Civilization and its Discontents tucked beside his seat – which was quite an opener for conversation. Right away we were deep into the topic of
I’ll never forget a talk Joe and I gave to an audience of several hundred people. In the Q&A a young woman timidly asked, “But how do you track your expenses?” Joe looked at her in disbelief. “You take out your little book (he always had one – in his plastic pocket protecter lined breast pocket – along with a pen). And you write it down. Is that so hard?” She withered. I rescued her
The Seattle Times started the New Year calling you a financial dunderhead. Maybe not you. Maybe a few people you know. “Financial illiteracy has cost the nation trillions of dollars in hard-earned savings, investment and mortgage payments,” they said in an editorial titled Nation of financial dunderheads needs formal instruction. Here’s where we come in
Savings? You heard it here first. Well, you heard it from Your Money or Your Life – again and again. Stand still long enough and the world does come back to your door. Saving money – living within your means – is making a comeback. For me it never left, but
Someone pointed out the irony of the name Made-Off, as in he made off with your money. Joe Dominguez warned again and again about amateurs putting their money in the stock market, especially when a broker or your brother Harry says he has a “sure thing.” He used to tell a story
My community here on Whidbey Island blew a big gust of wind in my sails on Thursday. 75 people filled Thomas Berry Hall at the Whidbey Institute to hear my stories about Joe and the seminar and the book and my decade of work trying to pry Americans fingers off the “joy stick” of consumerism. I stepped onto the stage and started to cry – oh well.
There, that got your attention! In fact I was interviewed in October for the January issue of O (and here’s the result). The O writer asked why the new edition and I thought my answer would be a fine first post on this new blog where
By: Vicki Robin [youtube=http://www.youtube.com/watch?v=Y1-jumg5hzc] In this video, I give an overview of the Your Money or Your Life program, the new book edition, and this website. Check out more videos from us and from readers who have experience with the Your Money or Your Life program!