Minimize spending, maximize income & capital

My second NY resolution is minimize spending, maximize income & capital, by implementing the 9 steps from Your Money or Your Life book, in order to achieve Financial Independence ASAP.

I’m progressing a little here; but not as much as I’d like to.

The 9 steps are:
1. How much money has come into your life and what do you have to show for it?
2. Being in the present: Tracking your life energy
3. Where is it all going: Monthly tabulation
4. Three questions that will transform your life
5. Making life energy visible: Your wall chart
6. Respecting your life energy: Minimizing spending
7. Respecting your life energy: Maximizing income
8. Capital and the crossover point
9. Securing your financial independence

(details are in this website:, also there’s the book, here’s the amazon link.

This book changed my mindset about money. Money is just another form of time & energy; money can be traded with other people’s time & energy. The company that employs me trades money with my time & energy. I, in turn, trades money money to the taxi driver for his time & energy of driving me around. And so on. (Reminds me of the saying “money makes the world go round”… so true).

Some people have abundant energy – seems like they can just jump around all day; and some people needs more downtime. Some people have more money to begin with, and some people start with nothing. But everyone has the same amount of time everyday – 24 hours, no more, no less. It’s how one chooses to utilize one’s time that will determine the outcome of one’s life.

Now here’s the interesting part; do you really want to spend the rest of your life trading your energy and time for money? Which will you choose – your money or your life?

I highly recommend the book. Even if you’re not interested in achieving financial independence, this book will make you rethink about your relationship with money and your life.


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