All The Money In The World is predicated on the idea that, if yo
All The Money In The World is predicated on the idea that, if you had all the money in the world, how would your life change, and how would that money buy you happiness? Vanderkam wants you to consider both the dream purchases and the practical, everyday impacts that money would create...and then find the ways to start building that life here and now, with the money you currently have. In a similar vein to 168 Hours Vanderkam illustrates the control we have on our finances-- that how we spend our money is choice, that one dollar spent on something is one dollar not spent on something else. This mindset enables one to think more carefully about where their money is going, and if it is being used to build a happy life. Vanderkam starts almost immediately with reframing the idea that money can buy happiness....if you make smart, personal choices with it.
While Vanderkam avows that she is not a financial guru, her book still gives practical, sensible and usable advice on how we get, spend, share and feel about money. She encourages people to play "offense and not defense" with their money-- thinking how you can make more, rather than how you can scrimp to cut spending. "The Joneses" become a target-- as Vanderkam forces us to question whether the stereotypical major purchases of modern life really bring us happiness, or are we just buying what we think we should be buying, because society encourages us to have big houses, shiny new cars and overflowing closets. I am someone who has always focused on the allocation of money-- from as young as I can remember, when I used to sort my babysitting money in envelopes for spending and saving. I've always also attached a lot of guilt to money, being hypersensitive on every dime I spent, always worried if it was a necessary purchase, or if I could have gotten it for less. This work has reframed my thinking of my finances, and given me the freedom to believe that, if this money is buying me happiness and helping to build the life and world I want to live in, then it is money well spent.
I argue that both this and Vanderkam's earlier book, 168 Hours, are companion works. Both are built on the same foundation: we don't think we have enough time, we don't think we have enough money, but if we analyze and rethink some aspects of our lives, we will find that we do. I also found that they echoed each other in many places. You can buy time with money, and time well spent can earn you more money. I am so thankful that I've read both of these works. I feel like I am smarter and more sensible as a result, but more importantly, happier.
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