The concept behind this book, is to align your life and your relationship with work, money etc. with your stated values. This is far different from the philosophy of say Dave Ramsey (Finacial Peace) who would say, if it fits it your budget, you can buy it. YMOYL does not call for budgeting, but it does ask you to examine your working and spending for example against your values.
One thing, which for me was a big deal, is you calculate your true per hour wage (salary – expenses you have just because you work)/total number of hours devoted to work (i.e. getting ready for work, commuting, working, etc.) Then you come up with an hourly amount (very much lower than your salary. Next when it comes to spending, your divide the cost of the item you are considering by the hourly amount to determine how many hours you would have to work to pay for the item.
hmm… 25 hours of work for that Ipod. Is it worth it? Is it?
shrugs The answer is different for all of us.
