Navigating Minimal Living and Building Wealth Sustainably: A Beginners Guide for Financial Freedom
As simple as minimal living seemed I practically dragged my self before I even started. All I could say to myself was “Ohh I need a big pretty house” but it was way more than that If you are thinking that way just BREATHE!!!
The good news is that you don’t have to be a perfectionist, homeowner or earn 6 figures to buy expensive simple-looking things.
Its more about changing the I am just me attitude and face those negative belief or your that keep holding you back.
You see minimalism have a lot to offer if you are up for it.
The key to happy minimalism is being able to tell yourself the truth and lies in valuing the joy in having a life of simplicity. Embracing the concept of less is more, allows you to focus on quality over quantity and let go of unnecessary possessions and distractions This way you can cultivate gratitude for what you have, prioritize experiences and relationships, and create a harmonious balance between your physical and mental space.
In this blog post, I will share with you the practical strategies and mindset shifts that helped me navigate minimal living while building a solid foundation for financial freedom. Let’s talk about it!
Define Your Values and Priorities
Believe it or not, minimalism starts with clarifying your values and identifying what truly matters to you. Not that other fancy way you are thinking about Yes! minimalism seems fancy … you’ll get there soon. But for now Take the time to reflect on your financial goals, aspirations, and what brings you joy.
Do This Before Skipping To The Good Stuff !!!
I go by this exercise even today to help me align my spending and wealth-building decisions with my core values, ensuring that my financial journey is purposeful and fulfilling.
Right now you might be somewhere between a rock and a hard place getting your life together like I was and based on the world today: social media and what’s trending buying more just seem like the answer, staying on top of trends just feel RIGHT but you see we are both wrong.
Embrace Conscious Consumption
Minimal living and sustainable wealth creation go hand in hand when it comes to consumption (using) habits. (“ My goal here is to make you understand quickly without getting you lost in all the big words so you’ll see me doing that more often” ….. )
Adopt a mindful approach to your spending by focusing on quality over quantity. It’s like buying a sheet why by 10 sheets instead of investing in 3 -5 quality color-neutral sheets in the long run it will be better a couple of things to think about are benefits for the product remember is all about you.
Ask yourself….
Does this color go with the theme of what my home already has?
How long with this last?
Do I really need this?
Will I use it in the next 60- 90 days?
Do I need this now?
Even a sale can trick you into buying something that you really don’t need.
Prioritize investing in items that bring long-term value and align with your values, while avoiding impulsive or unnecessary purchases. This practice not only reduces clutter but also allows you to redirect your financial resources toward wealth-building activities. Who knows that extra 80 bucks could be what you need to finally start your handmade business or learn a new skill.
Declutter and Simplify Your Finances
Just as minimalism encourages decluttering physical possessions, it’s essential to simplify your financial life.
Yes, Money !!! I feared my finances I did not like the idea of putting everything in one place I kept thinking about the negative and how bad my finances might look if I just sum them all up. I did not talk about money at all numbers scared me.
Believe it or not, Money is involved in every aspect of our life. Our relationships, careers, and family. Where and how we live. Our daily habits and our future dreams. Literally, money is everything.
Yet so many of us avoid talking or even thinking about our finances
Review your bank accounts, credit cards, and subscriptions, and eliminate any unnecessary or unused financial products.
Automate bill payments and savings to streamline your financial routines and reduce stress. By simplifying your finances, you’ll gain clarity and free up mental space to focus on wealth-building.
Budget with Purpose
Creating a budget is a fundamental step in building wealth sustainably. Adopt a minimalist mindset while crafting your budget by prioritizing essential expenses and allocating funds intentionally.
Consider your long-term financial goals, such as saving for emergencies, investing, or paying off debt. By avoiding unnecessary expenses and embracing a minimalist approach to budgeting.
Focus on Debt Reduction
I wanted to ignore my debt so much but all I could think about is how it would come back and haunt me. Even though I was seeing some financial progression I just could not move forward.
You might have to butterfly feeling in your chest very excited about your goal but then debt comes knocking.
It is important to know “it’s okay to give yourself time.”
Also if you feel some negative energy coming on when thinking about debt take a look at your progression chart journal Free template here. Do something nice for yourself on those bad days to keep motivated because you must have come a far way.
Debt can hinder your financial progress and add unnecessary stress. Make debt reduction a priority in your journey.
Analyze your debts, create a repayment plan, and consider strategies such as the debt snowball or avalanche method. By tackling debt strategically and minimizing its presence in your life, you’ll free up more income to invest intentionally.
Embrace Sustainable Investment Strategies (Put Your Money To Work)
I am no money person but it is good to look into investing your money wisely. Research and explore investment options that align with your values and support sustainable practices. This way your hard earned money can grow which would eventually contribute to you working less putting less strain on your body. Consider investing in socially responsible funds, renewable energy, or companies with strong environmental and social governance (ESG) practices. By aligning your investments with your values, you can contribute to positive change while growing your wealth. Amazing Ways and Places To Start Investing.
Disclaimer I am no money professional please do your full research and consult with a professional when making choices with your hard-earned money. These are things I have tried and I talk honestly about it here on Boobsieleenahome.com
Cultivate Multiple Streams of Income
Diversifying your income sources is a powerful wealth-building strategy. I started my skincare business Chungy Handmade a couple of years back with intention and it GREW drastically and allowed me to learn so much more than I thought!
Learn how I make bath and body care here.
Explore ways to generate additional income streams, even if you have a skill you can start a small business or do freelancing work such as graphic designing, baking , cooking doing hair anything can be something.
Building multiple income streams not only provides financial stability but also opens up opportunities to live a more flexible and intentional lifestyle.
How Balance Living An Intentional Life With out BURNOUT While Working Your 9-5 Job.
Key Take Away
Navigating minimal living while building wealth sustainably is a transformative journey toward financial freedom. By aligning your values, embracing conscious consumption, simplifying your finances, and focusing on debt reduction and sustainable investments, you can create a solid foundation for long-term wealth. Remember, this is a process be patient with yourself while making a commitment to intentional living. The fact that you read this post or started to do any research on this lifestyle you are doing a damn good job. Collect your budgeting Planner here.
