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Your Money or Your Life Chapter Summary & Analysis - Chapter 5 Summary

Joe Dominguez
This Study Guide consists of approximately 55 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Your Money or Your Life.
This section contains 1,384 words
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Chapter 5 Summary and Analysis

Chapter 5 covers Step 5 in the program. Step 5 is to make a wall chart that plots the reader's income and expenses each month. The authors encourage the reader to put this chart up on the wall where the reader can see it easily, instead of in a closet or some place else that is not as easy to see. The purpose of the wall chart is to keep the reader's finances on their mind, so that they will make more conscious choices when they spend money.

There is another advantage to the wall chart. With the wall chart in easy view, the reader can see the progress that they are making toward financial independence each month. According to the authors, for many people, the process of achieving financial independence using this program might only take 5 to 7 years. Therefore, the wall chart only needs to be wide...

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This section contains 1,384 words
(approx. 5 pages at 300 words per page)
Purchase our Your Money or Your Life Study Guide
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Your Money or Your Life from BookRags and Gale's For Students Series. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
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