The Surprising Connection Between Minimalism and Wealth

I’ve noticed a trend among minimalists. They acquire riches. Rich in money. Rich in time. Rich in experience and knowledge.

Why does minimalism lead to different forms of wealth?

• Focus on developing various streams of income: When your time is free’d up, it’s more possible to delegate those precious seconds towards building more streams of income. Preferably passive income. Whether it’s learning about investing in dividend stocks, crypto staking, making a youtube channel or blog that generates revenue, teaching on Skillshare, doing projects on Fiverr, selling stock footage or photographs. Minimalists know how to use their time wisely and focus on developing more ways to generate funds. One after another, side hustles are layered on top of each other. Small amounts of money add up. Minimalists have the resources to develop that foundation.
• Sell possessions for more income: We’ve already spent a ton of money to buy items. Why not re-sell them to make some of that money back? Electronics, clothes, games, knick-knacks, home goods, toys, books, artwork, etc. When we realize that we don’t need to own many of these items, we can sell them to produce more money. I’ve generated thousands of dollars from minimalism. Letting go of items that no longer were useful to me. I took this money and invested it to make it grow, rather than let it depreciate in value as an item sitting in my home. Once I was done selling all of my own items, I helped other people sell theirs. It was a hobby of sorts that also made me money. I would receive a portion of the money just by helping people sell their items.
• Less expenses and bills: We simply spend less money. Ending some subscription services is definitely a minimalist approach. I used to have dropbox, adobe creative cloud, apple theft and loss iPhone protection, Evernote, Vimeo, and more. All of these costed money each month. Yes the amounts were incremental, but they all added up. I’d rather use that money on groceries and health. I believe the most important uses of money are: food, health and shelter.
• Forgo keeping-up-with-the-joneses: Minimalists don't need that new car, the hype clothes, the newest iPhone, a fancy watch, or bling. We choose a simple life, once we acquire the quality items that are important to us, we use them with intention. We treasure and take care of those items. We don't chase after trends or try to look rich. Stealth wealth is important. The whole world doesn't need to know how much money you have. Pursuing an image of looking rich can make a person poor. Protecting money is a great skill of the rich.
• Act quicker: Once we strip away all the distractions around us. We can be present and take action swiftly because nothing is getting in the way. When we can act quick, we jump onto opportunities like a tiger ready to pounce on its prey. Time is of the essence, many opportunities only have a small window. More often than not we miss that window because we didn't take action with enough agility. The world doesn’t stop, it wont wait for you. Someone else will take your place, claim what you desire or outperform you if you are too slow. Minimalists have the space to act quickly.
• Clarity of Mind: A clear desk allows a clear mind. A clean home does the same. When we think clearly we can more easily conquer our goals. Approaching making money with confidence and a plan of action. The mind only has so much capacity it can hold. The more distractions we remove, the more we can clear that headspace for something more useful.
• More time: With less possessions to deal with, more of your time is free’d up. No more spending days cleaning, rearranging, organizing, sorting. There is nothing left to tend to. Less items that break and need to be fixed. More items equal more chores, more problems. Your free time can be designated towards enriching your life with experiences, connection, adventures, play, exploration.

All in all, minimalists can acquire a level of freedom that a lot of people dream of. We’re free to roam, to save or invest money and watch it grow, have the free time to explore ourselves, our passions, relationships and the world. Minimalists can become rich because money is a tool that can be used to multiply our resources and lifestyle. Riches in wealth, time, experience, knowledge, and life.