Your Money Or Your Life is a cornerstone of the personal finance genre despite its atrocious title. It was written in 1992 and has influenced millions of people since.
It gives a 9-step process so readers can focus on distinct elements of their financial life independently from one another.
Housel’s thesis is that ‘financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know.’
Arguing to support this point he gives a small comparison. Given that health and wealth are important to everyone, how can we have made such advancements in the medical field yet find ourselves unchanged in the domain of wealth creation?
Good question.