Investing is a scary word for people and I totally get it. There’s so much to know, so many numbers and terms and types of ways to invest. How can a minimalist lifestyle make start investing a little less overwhelming and actually help you be better at long term investing? Well, lemme tell ya.
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Most minimalists have worked to understand what they truly value in their lives. That often means that they are spending less each month because they don’t desire bringing more into their homes
Having already reduced spending is a sure sign that you have freed up additional money that could now be put toward investing.
My biggest belief when it comes to budgeting is that you need to be selfish about it. Make a list of the things you want to do, have or accomplish and then build a budget around those things.
If you love the idea of having a budget specific to you and your needs, make sure you check out my Budget Hacking course that lays out how to plan and create a budget just for you!
When it comes to shopping or making purchases of any kind, minimalists are quick to slow down the thought process and delay gratification to make sure they are getting something they truly want.
When it comes to investing, this can be beneficial because you are no stranger to slowing it down a little and making a smart choice. The best way to make smart investment decisions, however, is to sit down with an experienced financial advisor who can help you create an investing game plan just for you.
Another common mistake that investors make is bailing on investing when the stocks go down or a recession hits. Time and time again the stock market has shown that after a dip (that causes people to pull out) there is a period of major growth.
People who pull out their money when things look scary are more likely to lose out big time once the market climbs again. That’s why practicing and understanding delayed gratification can be incredibly beneficial.
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Living a more minimalist lifestyle often inspires us to simplify not only our
Long term investing requires time to make a quality plan and then, allowing your investments to become automatic so that you aren’t spending every single day thinking about and focusing on them.
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People often think that they don’t have enough money to begin investing. Minimalists often understand that
You can begin investing with just your spare change with apps like Acorns that link to your accounts and round up your purchases. Get $5 to start investing right now.
Investing doesn’t have to be complicated, but a lot of people make it that way. As a minimalist, you already have a great appreciation for simplicity and not over-complicating things.
If the idea of stock market investing still seems a little too scary, there are other great ways to start investing beyond your 401K or retirement savings.
Simple investment starts:
No matter how you start or where, it’s so beneficial to just start!