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

Joe Dominguez
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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. 4 pages at 400 words per page)
Buy the Your Money or Your Life Study Guide
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