The Book That Changed My Relationship With Money
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- Опубликовано: 8 июл 2024
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In this episode of book club we're looking at Your Money or Your Life by Vicki Robin which looks at how we can transform our relationship with money, work and our lives. It has been a best selling book for nearly 3 decades and in this video we look at a couple of the key themes including how we should define work, what is 'enough' and why we should equate money with life energy.
Timestamps
00:00 Intro
00:27 Redefining Work
01:58 What is enough
03:24 Money = Life Energy
05:08 Three Key Questions About Life Energy
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📗 Book Club Episode 4 - Why Motivation is a Myth - www.youtube.com/watch?v=kzAuv...
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📘Book Club Episode 5 - Grit - www.youtube.com/watch?v=NquuI...
📚 Grit by Angela Duckworth - geni.us/gXqfuf7
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Timestamps
00:00 Intro
00:27 Redefining Work
01:58 What is enough
03:24 Money = Life Energy
05:08 Three Key Questions About Life Energy
Ali can you create an etsy store? Can you sell ucat and bmat notes?
Just a quick question, are you left or right handed? In some videos you seem to write with your left and in this video you write with your right.
Ali ...Please reply
Are you not using your Kindle?
After your suggestion I thought of buying Kindle next month but now I'm confused whether to buy Kindle or Books 🤔
I know this is from 9 months ago, but I think you guys forgot to post an affiliate link for the book. You all do a fantastic job with making sure all the appropriate links are on every video, but I wanted to make sure I could help support the team when you give a book suggestion I do want to read (I'm reading two of your book suggestions every month and this book is set for August!)
軟硬體rj t dho yy g m
“Don't tell me where your priorities are. Show me where you spend your money and I'll tell you what they are.”
--James W. Frick
Hookers and cocaine.
Frick, he's right
@@deussivenatura5805 Haha. I clicked to type the same thing.
education and food
I despise you.
“Freedom is not achieved by satisfying desire, but by eliminating it.” True wealth lies in wanting less. “No person has the power to have everything they want,” Seneca says, “but it is in their power not to want what they don’t have, and to cheerfully put to good use what they do have.” Our goal should be to “seek riches, not from Fortune, but from ourselves.”
Love it
“Don't think money does everything or you are going to end up doing everything for money.”
― Voltaire
Oh God... please stop...
Netflix, you need to give this man a Netflix show now!!!
Stan
Yes I agree on this!
You mean a movie to produce because he's good at making videos?
why?
Simple Programming Codes i think he mean a show like patriotic act hasan minaj have.
“Too many people spend money they haven't earned, to buy things they don't want, to impress people that they don't like.”
― Will Rogers
*THATS DEEP*
My mother (and stepdad by proxy) huge house, horses, new car each year, twice+ yearly big trips etc. Only to sit in front of the TV having her children maintain it all whilst they grew to 500lbs of misery. Kids move out, can't maintain the house, horses, etc. To save face they moved abroad (cheaper, smaller but 'exotic'. And still big tbh but maintainable and labour there is cheap.) Still growing more miserable by the day.
How she got the money? Married a rich guy and he passed away, left all money to his children, that she neglected which in my case turned into over a decade of surgeries and rehabilitation / being bed-bound. We could fight, now we're adults, to get full rights over the money that's technically already ours by how my father's will works. But I couldn't... how miserable would she be without the money, what can she still do to live without it? Luckily my brother agrees.
The money and the ease of it have numbed her to everything, her body aches too much from overeating and doing nothing to enjoy activities. They buy everything they even think they want as soon as they think of it. What can you even do to make people like that happy? It kills me seeing them so unhappy. :(
@@esmee6308 ty for sharing your story
@@superkirby14 Thank you for taking the time to read it, with my mother's birthday tomorrow it's actually on my mind a lot more. I've tried so much and absolutely nothing I can do brings her any happiness (or for seconds at most, which are spent bragging about it on facebook...) Meanwhile I love every second of my life, frugal to a fault, but happy. It just hurts.
@@esmee6308 thanks for sharing your story
Read this many years ago. I didn't follow it completely, but it left a large impression on me and changed how I spent money and even how I approached work. I became a lot more money AND time conscious.
In most the of the channels that I'm following, this one seems to growing at a much higher rate. Big up Ali!!
The point about spending money to impress peers is so true. I have been working from home since March 2020 and I have spent way less money on clothes than I usually would. It's as much to do with no feeling that I have to 'dress up' for work and wear something different every day as it is to do with not being influenced by what my colleagues are wearing. Just seeing heads on screen certainly helps with shoe envy!
I always enjoy how you so smoothly incorporate your sponsor in like its part of your sharing!!
Knowing what is enough is crucial for long term joy as well. One of the best takeaways from The Book of Joy for me.
I've just finished the book "Happy Money" by Ken Honda and he also mentions how important it is to only spend your money (and energy) on things or people you really love because of not it's just useless for that specific case
And thanks for sharing another great book with us Ali!
The idea of money is bought with time was really well illustrated by the film "In Time", where people get paid (and pay for things) with time credits. (hit zero and you're dead) It really does change how you think of what you buy. I'd like to add, that your equation for determining hours worked for an iPad, doesn't account that the money is post tax. If the tax rate is 40%, you need to calculate the time based on 60% of your salary. I appreciate that you may have trying to keep the math simple. I find it helps if I think of an item at twice the listed price and ask myself if I still want it.
I read that book about 30 years ago. It really opened my eyes. Thanks for visiting it on RUclips.
It’s so very true - it’s a mindset I’ve used for a few years. Before I make a purchase, I walk around for a bit imagining how much joy it really will bring as I’ve wasted so much money before on frivolous purchases that brought me...can you guess? Zero fulfilment. Great post & great book! 😁🙏🏼
Ali Abdaal, Matt D'Avella, Thomas Frank: All upload at the same time
My brain: Time to get smart 🤓
Made me laugh out loud! 🤗
Not just saving lives, you are changing lives.
this channel helps me a lot this year but I wanted to say thank you for inspiring me too continue on and develop myself.
That fulfilment curve reminded me of one of my favourite quotes - “if you don’t know how much is enough, the default is always more.”
Hello
I’ve got this book today but in Thai version. I’m so glad that you recommended this book to us. Money and I are not on very good terms so hopefully “Your Money or Your Life” will help me fix that! Read a few pages and absolutely love it. BIG thank you for this book recommendation🙏
This was very insightful 😍 this topic has been on my mind the past few days, can't wait to read the book! Ali, you never disappoint!!
I love how you always tie your learnings into a beautiful graph
Right?😅
Thanks Ali for your videos!! Always love learning from you!
Hey Ali! I really enjoyed the presentation of this video - its a lot more relaxed in tone with soft/minimal editing. I hope you make more videos in this format, cheers
*Thank you sir for all the wonderful videos that have helped me*
"Status " is something for which we blindly follow the tradition of earning money, otherwise I think more people would have been pursuing their interests instead. Just what Sandeep Maheshwari says.
Great job Ali
Thank you for the constant stream of quality content!! Proud of you for the milli subs ;) well deserved!
Wow this was very enlightening! And Loved the actual writing/drawing and no fake hand flying accross the screen.
I do feel this ! I think I am giving too much of my life energy away for a job that I am not living the life I want!
Love it Ali.♥️ Really do make more vid of Book Club series and personal financial management! Can’t wait for next upload of daily vid soon😆
the real question is if you were the only person on Earth would you purchase that gymshark sweatshirt
I think age is a factor in that “enough” point. Assuming I don’t live beyond 100, I’m in the latter half of my life and you get to a place (at least I have) where you realize life was better before all the stuff and complexity it brings. It’s really past the point of enough - you actually re-define what is enough and want to reverse course.
wowww that was so fast after my request for a book club video yesterday..thanks ali😀
2:13 I love how he uses a One Direction book as a ruler 😂
Christina Aaliyah is it because he drew a line in one direction?
This is the 2nd time I've seen a 1D book in his video 😆 i wonder if this is him hinting that he's a directioner in a subtle manner
was searching for this comment
Ali Abdaal is definitely my favourite RUclipsr. Hence, worth my life-energy spent. Thank you for sharing this video. Great insights! I am definitely getting this book. Keen to read it. Sending so much love from Australia.
Thanks for your book recommendations. You greatly influence my book choices now :)
Wooowww...I'll surely give it a read 👍🏻 thanks Ali❤️ Ur book recommendations had changed, is changing and will be changing my life😀👍🏻🙏🏻
Thanks! I bought this ebook after watching your video. It has been enlightening!!! Keep making wonderful videos :)
Ali: Listen to things at 2.5x speeds
Me: Can't even keep up with the volume of valuable information received at 1x speed :)
*HI ALI*
*THANK YOU FOR MAKING GREAT CONTENT FOR EVERYONE*
Thank you Ali for sharing this book and thoughts on life. I don’t think I would’ve came across this on my own
there is every reason Ali should be popular - these are the type of people i would like my kids to look up to
Damn, I've never been so early. I set up my notion account after watching your recommendation yesterday! :D
Sweet Experience.
I would be really keen to see a video where you go though one 'session' on brilliant and then do the interactive exercises explaining your rationale and thinking - that would be so cool!
Thanks for the reminder, this book brushed by me once in the past and I “ had thought to add to my reading list” but didn’t. Added for sure now!
Hello
Ali now has over 1M subs? Wow dude..good work! I first found your channel when you were at a cool 400k or something. Hard work + consistency = results! Well done! 👏👏👏
I can't name anything more satisfying than being early for Ali's videos
His videos are just amazing!!!
Need more of the book summary kind of videos from you Ali please !!!!!!!
Your way of making videos is amazing
I loved this
Try psychology of money book
Arabic follower
Loved this!!!
Loved this!! Made me want to buy this book rn
Awesome advice! Thanks :)
*YOUR VIDEOS R SO MUCH MORE INFORMATIVE THANKS*
What a great book! The information is really profound.
🤩 A favorite! This books should become a required classic in schools ✨
Very nice bro, thank you
I love your videos so much Ali ❤️❤️ big fan from Cambodia 😍
Great concise review Ali !
Wow, what a brilliant book! Loved that! Thanks.
Blew my mind, gonna read it
You inspire me so much with all your videos. So I started my own channel. Thank you much ❤️ ♥️
4:14 That was a _smooth_ transition to the ad
Just signed up to Brilliant for the lads. Thanks for the discount, Ali!
Great video, really enjoy the concept of viewing money as life energy. If we use our money to invest in tools that provide more life energy (Health, Learning etc.) then naturally we have more energy to earn more!
A great video as usual
Nice! Keep going
I love your videos omg ✨✨✨
Watching this video is Life energy well spent 🙂
Amazing video, appreciate if we can have more such videos.
Is this just a coincidence that Ali Abdaal, Matt D’Avella, Nathaniel Drew, Thomas Frank and Better Ideas, all post on the same day 🤔 ?
Add up Matt D'avella and Anas Nuur Ali 😂
It’s World Domination Pinky
Hello Ali. Am going to look for it and read it for myself
Point 1 hits hard
Just watching this on my new iPad. Yes it was worth it.
Take care Ali. Seems like you have cold.
Btw thank you for the Wonderful content.
I really like these videos and your youtube channel it's brought lots of vaulue.
Keep living and learning like a student = wealthy & happy life
Thanks Ali 😊
This is a perspective I use with unhealthy snacks as well. When I am craving unhealthy, high-energy foods, I always estimate the Exercise Energy needed to spend when consumed.
Makes the decision to not eat it far easier!
I once worked as a supply teacher. The pay was average but it was done by day, and sometimes it was fun but most of the time it felt like a direct swap of time for money. I saved SO much money in that time because I was just so aware of what the price of something really meant - e.g. a takeaway on average was the equivalent of an hour of dealing with kids. Would I deal with kids for another hour in order to have a takeaway? Nope.
Just watched this now. I do more with Minimalism these days. When I decided to buy a new caravan one of the things i did was in a spreadsheet calculate the amount of time I would have to be in work in my life in order to buy what I wanted. I am trying to persuade my wife to let us move into a smaller house to clear our debt.
Time is the one and only scarce resource in our life.
Thinking about the amount of life energy spent watching this vid ... brilliant
gamechanger for sure - never thought about it that way before
Wow, sounds like a great book, thank you
Whoa I literally JUST recommended this to my friend :o
Such a classic!!
Try psychology of money too
thanks 🌹
I love this
Man, I am just finding you in the internet space. Like you I am in the process of becoming a MD, interested in metalearning and Stoicism.
Why did I not find you before?!
Thank you Ali I always get at least one key takeaway from your videos (I also liked the term neccessaties and NICEessaties) I want you or other views to give some deeper examples of purchases written off as 'work expenses" you gave the examples of a watch/suit however I could see these as 'self investments' to help you manifest who you see your future identity as. I'd love to hear more insights on this the example I have in my mind is a new car - it enables you to commute farther for work and more reliably but also ties into your life values if trravel/road trips are important to you
THANK UUUU
Bloody hell, the first part of the video was depressing "making a dying" 😥I recently interviewed The Female Money Doctor and she recommended this too! I have to read it now
Blessings from India my child☺🌺
I suggest the book 'Affluenza' by Clive Hamilton and Richard Dennis. Blew my mind when I was a teenager laid up in bed recovering from burnout.
I liked this video. It changed my mindset about money too 💵🤔
im only 17, doing my a levels, still gonna read it tho
This is interesting!!
I've never been this early, hi Ali :)
How do keep ur stuff so clean??damn that's great!
Love from india ,
Following you (sir) I am more focused on my study (I am in 11th)