Jon, Ryan, and Gabe talk about the book they recently read together, Your Money or Your Life by Vicki Robin, where it talks about how you see money and it gives you a deeper perspective on how you can have a better relationship with money. Money can be an uncomfortable subject for many people, but this is why it’s important to bite the bullet and really take a look at it because it can really be revolutionary and eye-opening to see how you spend, why you spend, and whether you want to keep down that same path.

 

Key Takeaways:

• Ryan’s rule is that he will never go on a road trip for more than six hours.
• Jon has decided to relocate to Florida for seven months!
• Today’s episode is a book review from Vicki Robin.
• In the book, Jon really likes the purposeful intention concept on how you spend your money.
• What is money, really?
• There are additional costs to chasing money.
• What is your hourly rate? Once you have this number, now you know when it makes sense to do something, or not do it.
• Most of the time in society, we worked very little. Our modern age has sort of corrupted this.
• Ryan’s dad is in his 90s and still working. He said he likes to work because retirement equals death.
• In the book, Vicki defines what work really is vs. what you do for money.
• Jon really wants a little more runway with his financial situation, which means he’s willing to sacrifice a little bit now for a better life two years from now.
• Grinding isn’t hard, but grinding every day without getting results is very hard.
• You’re not going to have nice things at the very beginning because you’re busy hustling to reach the next level.
• What advice do the guys have when it comes to grinding without seeing the results?
• Track how much money you’ve made throughout your entire life. How much do you have to show for it?
• Jon really liked the dollar-per-hour exercise. It really puts things into perspective.
• Gabe knows his team has problems with money and they bring those problems to work. If you can get the money piece right, they’ll be happier and more productive people.
• Jon thinks the word “need” is a very disempowering word.
• Reframe your mind to “I want” or “I get to” instead of using the word need.

 

Resources:

Freedomblueprintshow.com

Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence, by Vicki Robin and Joe Dominguez

Digital Minimalism: Choosing a Focused Life in a Noisy World, by Cal Newport