98: Change Your Money Mindset, Change Your Life with Vicki Robin

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.5 • 3K Ratings

🗓️ 11 November 2019

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You know Vicki Robin as the author of Your Money or Your Life, but on today’s show, we dive MUCH deeper into her story and her background. Growing up without a lot of money, she learned how to use her resources to appear as though she had more. With limited funds, her mother taught her that she could use them all at once on one thing, or she could stretch them further by shopping at a discount store. Vicki carried these lessons through her adult life, moving into homesteading and while, technically living under the poverty line, she never felt the pinch of not having all the trappings of the modern world. In fact, it wasn’t until she met Joe Dominguez, learned the foundation of what would later become Your Money or Your Life, and started teaching others about how to handle their finances that she realized that the gap between what she had and what others had was quite vast. She knew she had to appear prosperous, so people wouldn’t reject her message simply by her appearance. Her message has reached more than one million people, and has changed the lives and financial futures of countless more. Vicki herself has been able to focus on her passion - environmental issues - and has the freedom to pursue her passions due to her fully funded retirement at such an early age. In This Episode We Cover: Vicki's journey with money On having a poverty mentality On how to appear prosperous to other people Survival thing for social animals How the behaviours of her peers differed from hers On working with Joe Dominguez What her journey looks when she wrote the book, "Your Money or Your Life" Her concern re climate change Resource sharing How the financial independence movement evolved Capitalist game The levels of financial independence Freedom to have new interests and following them Her advice on life circumstances Vicki's living situation right now and how she used real estate And SO much more! Links: Financial Independence - Reddit Mr. Money Mustache Mad Fientist BiggerPockets Money Podcast 58: Optimizing Every Channel to Achieve Financial Freedom with Grant Sabatier Millennial Money Dollar Revolution BiggerPockets Money Podcast 55: How to Quit Your Job and Travel the World with Millennial Revolution Profiles: Your Money or Your Life Vicki Robin's Website Your Money or Your Life Facebook Community Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pocket's Money Podcast, Show Number 98 with Vicky Robin, author of your money or your life.
0:08.0	Clearing your mind, getting rid of your debt, having savings.
0:12.0	And for a lot of people, know just like getting a hundred thousand dollars
0:15.2	I mean that's like impossible in most people's minds and a hundred thousand dollars
0:19.7	of four percent interest is not going to be financial independence but it frees you to
0:25.2	reset your life. It's time for a new American dream one that doesn't involve working in
0:30.4	a cubicle for 40 years, barely scraping by.
0:33.0	Whether you're looking to get your financial house in order,
0:35.0	invest the money you already have,
0:37.0	or discover new paths for wealth creation,
0:39.0	you're in the right place.
0:41.0	This show is for anyone who has money or wants more. This is the
0:45.1	bigger pockets money podcast. How's it going everybody? I'm Scott Trench and I'm here with
0:49.3	my co-host Mindy Jensen. How you doing today, Mindy? I'm doing so well, Scott.
0:54.8	I'm so excited for today's episode.
0:59.3	It is with Vicky Robin.
1:01.2	I don't know if you've heard of her.
1:02.8	She wrote this little book called Your Money or Your Life.
1:05.8	Did she say it published in 1992?
1:08.0	And it went on to sell.
1:11.0	I don't think this is correct.
1:12.4	I think her publisher is maybe not sharing accurate
	...

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