I see a lot of posts about how to make more money, but what if you learned to need less money. I know this can sound like a foreign concept to many since we have always been told more money equals more happiness. What if just the opposite was true and you can actually be happier by finding joy and satisfaction with living with less. No matter how much more money you earned, you could never outearn America's consumption habit. That's why fast, overnight lottery winning millionaires go bankrupt all the time. Yet some of the world's most famous billionaire's live a minimalistic lifestyle. What if you learned to live a full, happy, and rich life by living within your means? You would always have enough money, and lots more time, well into retirement. Here are some ways to reevaluate your lifestyle and need less money.
1. Only buy things that truly bring you joy. Stop buying things just because they seem cool or everyone else is buying them. Closely examine every single purchase before dropping your hard earned cash. Can you compare it to anything else you bought in the past and never used? Will it just add to the physical and mental clutter in your space?
2. Live smaller. It seems like the average home size has gotten bigger and bigger over the years. Bigger means bigger bills, bigger footprint, bigger space to manage and maintain, and less time to actually live. What if you bought a smaller home but had more free time to spend in it with your loved ones? Same goes for car purchases.
3. Stop keeping up with broke people. News flash! The Joneses' are broke and probably have massive amounts of credit card debt. Dare to be different. Stop trying to match their consumption level and live with more meaning and intention in your life. Debt is stressful and ages people faster than anything else. Live below your means and sleep peacefully every night.
4. Get over the concept that "kids are expensive." I have 3 and mine are definitely not expensive! I honestly believe that rumour has been cleverly designed by marketing companies to make us buy unnecessary things for our children. Instead of teaching our children excessive consumerism, teach them to start investing young. My boys love watching their college funds and inheritance money grow and always suggest adding money to their accounts over buying things that will soon be long forgotten. Start them young, and teach them healthy money habits before the marketing companies teach them their way.
What are some ways you need less money?