This book Your Money Or Your Life by Joseph R. Dominguez and Vicki Robin, helped me out when it came to becoming financially independent.

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1. Wages and Work (separate Both )
- When we think about work, we think our jobs and the thing we do to make money
- But the truth is that’s not really the full story
- Work isn’t any paid activity
- Work is any activity that is meaningful and purposeful ( paid or on Paid )

Why is this so Important:
- We live in a society where what you do for work has become who you are
- And its even the language we use
- What do you do, I’m a Youtuber, I’m a Dentist, I’m a School teacher ( that’s not who you are its what you do for money )

So it’s important to separate what you do for money and who you are as a Person
- You can be an accountant for Money and a Christian, Father, and Husband is who you are
- The point is, your identity and meaning is not your job
- But that also means you want to work a job, that’s not going to be violating your morals and ethics

The fabric of life: ( the things that we should not be asking Money to Provide for Us )
⁃ God
⁃ Family
⁃ Culture
⁃ Community
⁃ These things give meaning outside of work to life, where now work is the only thing that gives meaning to people
⁃ Where now leisure just leads to loneliness and boredom, because work has ceased to be a means to an end but now is an end itself

The key Lesson Here is Simple:
- Wages is what you get for working a Job
- Work is an activity that’s meaningful and fulfilling

2. Life Energy is the Trade we Often Make for money
- Life energy is what we exchange in order to make money
- And it's very serious

- How much money do you make per hour ( if it’s a salary, just divide you annual salary by around 2000 hours ( that should give you a rough estimate )
- How much do you spend on Car payments and on eating out
- Those are the two factors we need for a rough estimate of Life Energy Cost

Let's Run the Numbers
- You make $40,000 a year aka $20 an hour
- You spend on your monthly car payment $500
- Your Eating out Bill is $200 each month

How much Life Energy is that costing you really:
- $500/20 = 25 hours of work
- $200/20= 10 hours of work
- That means you spend almost a full workweek on these things

Let's take this further and deeper:
- You may get $20 per hour flat
- But their cost with your job
- Cost of transportation
- Cost of dress
- Cost vacation to unwind
- Cost of transition time when you get home
- Not being able to always cook at home

When you add in all those costs and time:
- Your real wages maybe $15 dollar per hour

The wrong way to hear this info:
- I just bought a water bottle for 25Minutes and counting everything you do
- But it is to really view what you do with extreme clarity
- And to know that the real cost of things is time and not money

- The key is to get enough money without excess

3. The Cross-over Point

Here a challenge for you guys:
- 720k is a lot of money and that is true
- But your version of retirement doesn’t have to be like the average American
- If you invest let's say $1,000 per month, at 10 percent for 15 years, you’ll have about 419k which is
- Take 4% of that as income for yourself, that’s $20,950 worth of income
- If you need 36k, now you only to find $15,050
- If you can make $20 an hour, that’s 752 hours you need to invest
- 18 work weeks if the math is right, you work 4-5 months a year and call it a day

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.