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Old Jul 9th, 2008, 01:20 PM   #3 (permalink)
PhxMJ
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Default Re: Your Money or Your Life, Chapters 5 & 6
I will admit that the book has not engaged me and am struggling to finish it.

It should be the poster child for the slowlane, not to mention that the book attempts to associate being rich with sin and consumerism. I almost feel like the authors are saying this "Look folks, you will never be rich and besides, being rich is evil ... but here is how you can live rich with the little money you make"


This book makes no mention (yet) of how to exit the rat race aside from the graphic that $100 generates .50 cents in income at 6%. It seems geared toward people who have jobs and have no intent on leaving that job. So for those of you who work 50 hours a week for the man (and probably hating it) you are left to waste your life away in that position with no exit except frugality ... cutting out dining, Starbucks, etc.

Now with that venom out of the way, I think the book has some great nuggets of wisdom that I actually address in my own book, albeit a different way.
  • Life Energy = Money. This is true and a great point. I call it the Gas Tank of your Life ... which is TIME.
  • Every dollar you earn (SAVE) generates income.
  • The slowlane (stuff taught in this book) can lead to a Fastlane.

I'm starting CH6 today and am looking forward to it. I think this chapter will have some great slowlane ideas that everyone can apply while working toward a fastlane. And remember, the slowlane is not evil but a road that most of us need to travel before getting to those faster lanes.
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