Saturday, January 07, 2006

Your Money or Your Life

I finished the above mentioned book by Joe Dominguez two days ago. It was a very interesting read. Initially, the mind numbing attention to detail regarding past income seemed like a bit much but having read the whole book, it makes more sense. This attention to detail really isn't all that different from the price books that many of us already keep.

He wants you to look at where you've been financially, where you are financially and where you're going financially. He asks you to explore the expendidtures you make for your income (gas, clothes, lunches etc.) and then determine what your income really is.

His whole purpose is to help you pinpoint the moment where your investment income surpases your expenses, thereby making you financially independent. You'd really need to read the book yourself for a better explanation. Personally, I'm left pondering the whole experience of reading it for right now.

I made a big batch of granola for breakfast this morning. It was a nice change.
There will be no post tomorrow, I've got too much to do.

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