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Afford Anything

Vicki Robin: Financial Independence After 70 [GREATEST HITS WEEK]

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 19 April 2024

⏱️ 47 minutes

🧾️ Download transcript

Summary

We delve into the world of Financial Independence (FI) with a pioneer -- Vicki Robin, the co-author of Your Money or Your Life. In the 1970s, Vicki Robin and Joe Dominguez, from vastly different backgrounds, came together over a shared vision: FI as a life philosophy, not just a savings strategy. Their book, "Your Money or Your Life," which sold more than one million copies, outlined a three-dimensional approach to FI: Financial Intelligence: Thinking clearly and objectively about money. Financial Integrity: Aligning your spending and earning with your values. Financial Independence: Breaking free from paycheck dependence and limiting beliefs about money. In this podcast episode, Vicki will discuss a new dimension she's added: Financial Interdependence: Recognizing the importance of giving and receiving within our communities and the world. Vicki and I discuss how to move beyond "just the money" during the quest for financial freedom. This episode originally aired in 2018. We're sharing this as part of GREATEST HITS WEEK, a 5-day series in which we're sharing 5 episodes, across 5 days, that we produced during the earliest years of the Afford Anything podcast. You may have missed it then; enjoy it now. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to episode 5 out of 5 in our special five part series that we are airing in

0:07.4

anticipation of episode 500. Every day for five days we run one of five episodes that we originally aired during the earliest days of the Afford Anything podcast, either 2016 or 2017.

0:24.0

Back in those early days, you might not have heard these interviews,

0:28.0

and so we're running this special five-part series

0:31.0

in the lead up to an anticipation of episode 500 we're going to

0:36.1

celebrate episode 500 that milestone on 424 April 24th 2024 as part of a retrospective, as part of a lead up to that, we are sharing

0:48.8

the special five-part series and today's episode is the interview with Vicky Robin, the co-author of Your Money or Your Life,

0:58.4

which is one of the most influential books in the world of financial independence. Now, Vicky Robin and her late co-author, Joe

1:08.1

Dominguez, united over a definition of financial independence that expanded beyond simply paying your bills

1:16.1

through savings and investments. They saw financial independence, F. I, as a lifestyle that

1:22.0

exists in multiple dimensions, your financial

1:25.0

intelligence, your financial integrity, your financial independence, and your

1:30.4

financial interdependence.

1:33.4

They originally published a book about this

1:35.8

called Your Money or Your Life.

1:37.8

They wrote this in 1992.

1:40.8

And in that book, they outlined the Financial Independence philosophy.

1:44.0

That book went on to become a mega bestseller.

1:47.0

It sold more than 1 million copies.

1:49.0

It spent more than 5 years on the Business Week bestseller list and Oprah Winfrey said,

1:58.0

quote, this is a wonderful book. It can really change your life.

2:02.0

Vicky and Joe then devoted the next five years to spreading the message of financial independence,

...

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