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
For savers brave enough to review their recent investment statements, it has been a lost decade. With the booms and busts we have all lived through, money you invested in the stock market has earned you nothing, or less, in the past ten years. If it were not for the tax benefit you receive when investing in your 401k or 403b, many would have been better off keeping their money under their mattresses.
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
Bernard Madoff was a financial advisor to the rich and famous. He and his firm managed billions of dollars for high net worth clients as well as multi national corporations and many well known foundations. He was arrested last week …
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!