How to Make Financial Decisions Like A Minimalist
August 31, 2018
How to Make Financial Decision...
Hello my name is Anthony Ongaro
from Break the Twitch
Today I’m on the Mint blog
talking about how to make
like a minimalist
At this point it is entirely plausible
that you’ve heard about this whole minimalism movement
It’s a movement to own less stuff,
it’s typically focused on things in your home
and the things that you work to acquire
and instead of acquiring more and more and more of things we don’t need
focusing on keeping only what we need and having
more time space and energy for the things we really care about
In the traditional sense that’s sort of
what minimalism has come to embody
Personally, my favorite definition of minimalism
comes from my friend Joshua Becker of Becoming Minimalist.
The process of creating this framework
for yourself is really straight-forward
but it does take some time to really dig in and figure out
what it is that you actually want to prioritize in your own life
Fortunately the exercise is really just as simple as Heavy and Light
There’s a lot of technical kind of budgeting stuff out there
so I want to talk about more what we’re feeling and the feelings
we want more of and the feelings we want less of
so here’s what you’re going to do grab a piece of paper
and something to write with – yes an actual piece of paper
it just feels better to actually write this and visualize it
as opposed to just thinking about it
it will really help you embrace the things you’re going to be writing down
On the left side put Light on the right side put Heavy
and what you’re going to do is just list as many things
as you can think of that make you feel light
and not just while you’re doing the activity
if it’s playing guitar maybe you feel great for hours after you finish playing
those are the things you want to focus on listing in the Light column
on the Heavy column, maybe it feels good in the moment
or just anything that is kind of driving dopamine in the moment
but afterwards you feel heavy and it doesn’t feel good to you
put that in the Heavy column.
After you have the two lists and you have a chance
to look it over for a minute all it comes down to is
choosing a few of the top priorities of from each one
things you want to do more of and things you want to do less of
and creating some financial rules around it
implement it in a lifestyle experiment for a certain amount of time
so if you have two things that make you feel light
that you want to do more of
spend your money on those things for 30 days and
don’t spend any money on two of the things that make you feel heavy
for 30 days and implement that lifestyle change
and see how it makes you feel.
Dig in and figure out the things you really want more of
in your life and the things you want less of
There are always ways we can reprioritize.
Whether that’s saving more money or paying off debt
or creating an emergency fund or whether it’s simply
bringing lunches to work instead of eating at a fast food place
and instead going out to more coffees with friends in the morning
it’s creating those shifts in our financial decisions on a regular basis
to reflect our values and the life we actually want to be living.
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