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You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life is a 2016 book written by Jason Vitug. The book sets to redefine the YOLO mantra that has been used to define Generation Y or millennials, to set a mindset shift to cultivate a healthy and wealthy lifestyle for a lifetime. The book focuses on a three step process called ACT, an acronym for awareness, creating a plan, and taking control steps, outlined by the author. The books aim is to make readers define the life they want to live before setting financial goals.[1] You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life is written in a simple conversation tone based on Vitug's financial experiences and conversations with others
 | |
| Author | Jason Vitug |
|---|---|
| Country | United States |
| Language | English |
| Genre | Self-help, personal finance, lifestyle, millennials |
| Publisher | John Wiley & Sons |
Publication date | June 7, 2016 |
| Media type | Hardback |
| Pages | 192 |
| ISBN | 978-1-119-26736-2 |
| OCLC | 933273616 |
| LC Class | HG179.V5882016 |
Summary edit
The book is based on Vitug's financial experiences and conversations with others about their money and life goals. It chronicles a road trip across the country in 2016 in which he traveled 10,218[2] miles promoting the idea of financial wellness. The focus of the book is to highlight financial wellness as a philosophy of achieving a balance between health and wealth. The main premise has been to make readers understand their values before setting financial goals and using a budgeting method that aligns to their values.
Among some of the book's topics are:
- Jason Vitug's personal story, experiences with money and debt, and his ultimate awareness to change his money behaviors.
- The importance of financial wellness and financial education
- Challenging existing money beliefs such as money as not an end goal but a tool
- Gaining clarity of values, setting financial goals that align to one's values, and creating a financial plan to achieve desired life and money goals
- Increasing your personal and financial awareness around things you desire and your actual financial numbers
- Creating a budget reflective of your desired lifestyle and tips to reduce expenses and create more income
- Techniques to remain mindful in spending, savings, and investing, and achieving financial freedom for a year.
Vitug emphasis is on increasing awareness in money beliefs and changing financial behaviors that prevent people from achieving goals.
Reception edit
Praise and support edit
You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life has sold thousands of books and received overall positive reviews from critics. The book has been reviewed by The New York Times.[3] The Financial Post named the book as one of the Top 5 Best Books in Personal Finance and Economics in 2016,[4] and reviewed by PscyhCentral as "Overall, this is an easy read, particularly for a book about finances. Some of the ideas and concepts do seem a bit simplistic and idealistic, but there is plenty of straightforward, reasonable advice to make it a worthwhile book."[5]
References edit
- ^ Brown, Paul. "Personal Finance Book for Millennials Advises Starting With Lifestyle Goals". The New York Times. Retrieved 15 July 2016.
- ^ Vitug, Jason. "I spent the summer talking to 8,000 people about money, and here are the 11 best pieces of financial advice I can give you". Business Insider. Business Insider. Retrieved 21 September 2015.
- ^ Brown, Paul (July 15, 2016). "Personal Finance Book for Millennials Advises Starting With Lifestyle Goals". The New York Times. Retrieved 15 July 2016.
- ^ Allentuck, Andrew. "Here's a look back at some of the best personal finance and economics books of 2016". Financial Post. Financial Post. Retrieved 16 December 2016.
- ^ Riddle, Megan. "Book Review: You Only Live Once". PscyhCentral. PsychCentral.com.
Bibliography edit
- You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life, by Jason Vitug. John Wiley & Sons, 2016. ISBN 978-1-119-26736-2