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070 | Your Money Or Your Life | Vicki Robin

Author and FI pioneer Vicki Robin discusses the cultural development of over-consumption, how much is enough, and what else, besides good investments, contributes to successful financial independence?

What you’ll hear in this exclusive with Vicki Robin:

  • Vicki’s story began when she invested in long-term bonds at a young age, achieving modest financial independence very quickly
  • Vicki and her partner, Joe Dominguez, hosted seminars about financial independence beginning in the 1980’s, donating the proceeds.
  • What is the difference between making a living, and making a “dime”?
  • How did the culture of over-consumption develop during the past century?
  • Once the average person spends 20 years preparing for adulthood, and another third of your life sleeping, how much time do we really have for living?
  • What is the idea of the Real Hourly Wage, and how could it impact the way we spend money?
  • Why might we need to be “deprogrammed” from consumption?
  • What is the Fulfillment Curve and what is the difference between a “cheap thrill” and real satisfaction?
  • How does consumerism develop throughout life, and does it stem from dissatisfaction?
  • How much is enough?
  • Once people have “enough”, happiness actually comes from giving, not getting.
  • How is Real Hourly Wage calculated?
  • What needs and identities are neglected when we overspend our hours and consciousness on our jobs?
  • How do people confuse work, jobs, and income?
  • Finding passive income helps to separate jobs from income.
  • What does Vicki enjoy about finding community with the world of FI?
  • Community is currency – money isn’t the only element of becoming independent.
  • How do meaningful relationships developing into situations of Mutual Aid, and how does that impact a person’s living costs?
  • As a leader in the FI community for about 30 years, what does Vicki think it will take to create lasting, cultural changes?
  • In order to change the way the world consumes, personal change is necessary, but not sufficient.
  • How does universal health care impact FI in the US?
  • Will FI become mainstream?
  • Talking about our relationship with money in a first step toward creating lasting change
  • Sharing: Half the cost and twice the fun.
Listen to Brad and Jonathan’s thoughts about this episode here.

Links to things mentioned in the show:

Book on Amazon: Your Money or Your Life Book on Amazon: Dying for a Paycheck Website: Millennial Money
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