You are viewing a single comment's thread from:
RE: Is Your Coffee Costing You More Than You Realize?
A book called "Your Money or Your Life"
starts by having you keep track of your expenditures.
It is not a book about budgeting.
It is not a book about eliminating.
Instead, you keep track of your expenditures, then add up how much each category costed you over the month, then decide, did that amount of money spent bring you happiness of sadness?
This works much better than just trying to live without.
This book made quite the impression on me. I wish I had more carefully followed it's advice.
However, the kind of investment the original author recommended (government bonds) ended up not being the best thing to invest in. The general principles of "Your Money Or Your Life" still apply, though.
Back then, govern-cement bonds were paying 12% interest.
Who could have foreseen 0% FED policies.
Or that we would be talking about the end of the FED.