This is the first installment in a three-part series about personal finance for the conscious green Edmontonian. It will cover:
- day to day finances
- retirement
- investments
Your Money or Your Life: One of the most important books that I’ve every read.
Day to Day Finances
My family (myself, my wife, and our two kids) got very lucky when the universe handed out its socio-economic status cards. We were raised in one of the world’s richest countries, we received subsidized, world-class educations, and we are entitled to free health care. The vast majority of humanity has never known the riches that we do.
Still, it is possible to waste any amount of money, and in my opinion much of the wealth in Canada and Alberta is wasted. It is spent on things that don’t provide much benefit to the spender, and in some ways it negatively affects the spender’s mental and physical health.
The answer for my family has been Your Money or Your Life. My wife and I read this book a dozen years ago, and it helped to set us firmly on the path of voluntary simplicity. For us, voluntary simplicity means living a materially simpler life in order for it to be more fulfilling. It means less paid work, but more time with friends and family. Less stuff, more fun. And less shopping, but more playing.
Your Money or Your Life provides nine steps to improving your relationship with money. It helps you realize that when you’re working for money, you are trading your life force, your precious hours on this earth, for dollars. Wasting money, spending it without getting full value out of it, is therefore wasting your life.
I highly recommend this book (reserve it at the Edmonton Public Library). It has helped us to live a low-impact (for the western world, anyway) lifestyle that includes the following things: read more... »