How minimalism can make you rich
We live in a consumer society. We impulsively buy without considering why we are doing it or if we really want or need those goods or services.
We do it because it is all we know.
As a result, we see our bank accounts going into the red and a constant stress taking over our lives.
We are constantly afraid of tomorrow.
Will we be able to support ourselves when we become too old to work? Will we be able to provide for our children? Can we afford life after retirement with increased taxes and a decaying social welfare support system?
These are the questions that haunt us every day and prevent us from sleeping.
But here is how you can count on minimalism to make you rich, or, at least, guarantee that you enjoy a decent quality of life both now and into the future.
It makes you focus on what you really need
Minimalism isn’t about living in poverty, as many people still believe. It is about having only what you need or have a emotional connection.
If it is important for you to buy a nice house in the suburbs, so be it. However, you will have to understand, accept, and focus on what you have to do to achieve this goal and nothing else.
Are you ready for it? Is it really worth it?
If your answer is yes, great, go for it. But if the answer is no, just stop wasting your energy on it and redirect your goals.
It lets you make your money work for you
One of the most common reasons behind purchases has nothing to do with what we would like to acquire. It is solely about competition.
We prove that we are worthwhile by showing off our belongings. By having the best car, the best clothes, the best gadgets.
But you know that it is a lost cause. There will always be something newer and cooler on the market, and we will keep buying things continuously to keep ourselves on the A-list.
Meanwhile, our money won’t be been used to make our goals come true — because in reality one more pair of boots or a new watch isn’t going to help us to become rich.
In other words, as a minimalist, you will know that your money should work for you, not to impress the others.
It allows you to live better with less
If there is one thing that minimalism will change in you it is your understanding of what you require to live well.
When you stop putting value on what you have and start believing that what you are is more important, you will immediately become happier with less.
Plus, if you have fewer things, you need less space. You will feel great in a smaller residence where you can keep only your most loved belongings and nothing else.
This way, you are able to save more without feeling frustrated until you get where you want.
It will teach you how to plan
Living with less is the tricky part. You won’t have several items of the same type and your grocery stockpile will probably be just about right. This means that you will have to learn how to plan your purchases, so you don’t run out of what you most need.
And you probably know that nobody becomes rich without planning. You need to have goals, decide how you are going to achieve them, and get the tasks done.
Becoming a minimalist will help you with this, as you will have to become an expert at planning. Your skill set will then match your life-changing ideas.
It will let you get on top of your finances
You will know everything about your finances and manage them much better if you become a minimalist. First of all, fewer purchases mean less to track.
Secondly, because you will be planning your shopping in advance, you will avoid buying on impulse and enjoy finding bargains.
It is a simple fact that you will never become rich if you don’t stay on top of your finances — or if you keep buying things that don’t help you to get where you want to be.
Of course, you will still need to make investments and this is OK. Let me reiterate that the point of being a minimalist isn’t about living in poverty, but making sure putting your purchases serve you instead of enslave you.
Have you ever considered that minimalism could help you to become rich? Have you tried to apply any minimalist principles to your lifestyle and saw your bank account becoming much healthier? Share your thoughts and ideas below. I’d love to hear more about it.