I’ve known my hourly wage since I started working. It’s a simple salary divided by weeks divided by hours per week, no biggie. Is there really more to it? Yes, according to Vicki Robin and Joe Dominguez in Your Money or Your Life. They establish that money is simply a thing you trade your life energy for, and step 2 of their 9 steps to transform your relationship with money and achieve financial independence is to establish your real hourly rate.
As an introduction to financial independence, and the foundation of what it means to live richly no matter what your income is, the book hits the nail on the head. Vicki Robin and Joe Dominguez have made waves with Your Money or Your Life since 1992. This is definitely a great book to – in frugal fashion – check out from the library.
The experiment has been a success. It's time for an update after four and a half years of marriage .
I'm quite fortunate in that my company is on an annual raise and bonus cycle, which kicks in on January 1st. Every year before the wint...