Financial minimalism. You've seen it everywhere and probably heard about from all kinds of Youtubers. But what exactly is it?
That's the question I aim to answer in today's episode of my Personal Finance Crash Course, where I go over subjects that I believe should be taught in college, high school and even middle school classrooms. As many students enter into the working world, they often don't know how to make smart financial decisions because they were never taught how to, and I want to make a Youtube series that allows you to learn all the things you should have already known.
Today we go over financial minimalism. In my opinion, this is the one aspect that can help you pursue ANY lifestyle you want, and it's really quite a simple mindset to adopt. I define a financial minimalist as someone who finds the absolute best value for money with every single purchase they make, and they don't spend money on things that don't provide value to them.
If you want to become a financial minimalist and start practicing minimalism, this how-to guide can help you get started. It's hopefully a comprehensive guide that shows you EXACTLY what you can start doing today. There are three core concepts of financial minimalism, and I cover each of them in this video. Those three are:
Intentionality, the act of being extremely intentional with the things that you purchase.
De-cluttering, the stage where you cut everything out of your finances that don't provide value to you.
Long-term focus, where I hope to show you that an important aspect of minimalism is maintaining a long-term goal in mind at all times. Always remember WHY you are living frugally, and what you're saving your money for.
Hopefully you guys enjoy this episode and have an amazing day!
Financial Minimalism 101 | Personal Finance Crash Course
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