Financial Freedom and Minimalism: Quality versus Quantity

Tatiana Hart/ June 17, 2018/ LIFESTYLE/ 0 comments

Frugality and Minimalism

Wealthy people are frugal but not cheap: they prefer long-lasting quality versus shopping on sale (buy anything you see just because it is on sale).

I am frugal but I never shop through sales and thrift stores: if  something is on sale for $25 instead of $50, you are not saving $25 but spending them.

There are exceptions: for instance, you need an item and you wait to see if you can get a discount or buy on sale.

You plan strategically and save money on something you need versus simply buying things simply because they are discounted.

Frugality implies minimalism on my humble opinion (do not confuse frugal with cheap).

Only by making more and spending less we can build wealth.

Wealthy people use frugality to exactly determine necessities and wants and to schedule large purchases only when they can pay cash for it or another cash flowing asset can pay for the purchase.

Wealthy people buy assets and pay for liabilities with the money produced by the assets.

In The Pleasures of Frugality (Your Money or Your Life) Vicki Robin examines the meaning of frugal:

We looked up frugal in the dictionary and found “practicing or marked by economy, as in expenditure of money or use of material resources”.  That sounds about right – a serviceable, practical, and fairly colorless word. None of the elegance or grace of the “enoughness” that FIers [people who practice financial independence, TH] experience. But when we dig deeper, the dictionary tells us that frugal shares a Latin root with frug (meaning “virtue“),  frux (meaning “fruit” or value), and frui (meaning “to enjoy or have the use of” ).  Now we are talking! Frugality is enjoying the virtue of getting good value for every minute of your life energy and from everything you have the use of.  [p. 165]

Living Below Your Means

You have to save more than you earn to have  a surplus of money.

It seems to be simple math but we fall into the trap of financing our fleeting wants and paying a higher price for it by lowering our goals.

I do not make impulse purchases including food, therefore, I am not speaking from experience.

However, if you misallocate money for something you want in a spur of a moment, you will delay your big dreams and goals or lower the bar for your goals.

If you determine what truly adds value to your life and choose quality over quantity, you will better allocate money without jeopardizing your goals.

How Can You Make Money Work For You?

When we spend money on non-assets, we need to maximize the reward and added value and minimize the risk.

After all, clothes and shoes do not provide positive cash flow.

Neither does food but we must eat.

The only logical inference I have made over the years that I should choose quality over quality.

If I eat fresh nutritious food, I will need less of it. On the contrary, if I were to eat junk (which I do not do for the above reason), I would spend tenfold more because junk food never satiates me.

Health, Environment, Lifestyle

it is a lot more cost-effective to take care of your body than to repair it.

Most of us know it from experience, including myself.

Nutrition, lifestyle, and the environment define our health, hence, you want to select food and the place you live carefully. You have to fix your environment and nutrition to be healthy.

It is worth having a deep understanding about the environment- lifestyle-nutrition-health relationship to invest your money wisely.

I will cover this important aspect in depth separately because it directly relates to financial freedom. We want to have a pristine body and health to be financially free and happy.

Buy High Quality Electronics, Shoes, and Bags

I always choose high quality electronics, shoes and clothing but not overprice.

I have owned an Apple computer (the one in the feature photo) for six years and do not have a reason to replace it.

It is worth pointing out that this wonder laptop processed a ton of beautiful  renderings, participated in numerous graphic design adventures, and handled fast and graciously memory demanding projects.

And all this power resides in a slick and slim body.


The same applies to the iPhone 4 I had for 6 years until I replaced it this year with a Samsung Galaxy.

The Galaxy superb camera in a portable format beats any other cell phone camera  except for Huawei (actually not sold in the United States but I found it for Mom last year for Mother’s day – and she loves it).

The point is to buy items that serve you best and last long so your money will last.


A Perfect Use Case  for a Slim … Briefcase

The Ferrari slim briefcase in the featured image provides versatility as a travel bag and an everyday accessory.

I do not own a lot of bags – two to be exact, so this perfect piece rescued me on many occasions. It accommodates my MacBook Pro laptop or my trench coat on a warm day in Brussels when I do not want to carry it in my hands.

I do have a capsule wardrobe – I can actually pair up most of the pieces which save me a lot of time and brain power deciding what to wear.

I do spend money on quality clothes and shoes that conserves money and energy and avoid seasonal fashion.

Furthermore, a capsule wardrobe is perfect for travel with carry-on luggage because it provides many options.

It also sustains my habit of traveling exclusively with carry-on.

Carry-on luggage saves on airfare  and saves time, especially during short trips, when you do not want to waste precious time on replacing your checked-in clothes and shoes while the airline is looking for your luggage.

Personally, minimalism saves my energy and brain power and gives me the freedom to set money aside so I do not have to work for it later.

The capsule wardrobe  saves my time and money on laundry, dry cleaning and storage.

The superior quality of the items I own enables me to conserve money and avoid stress associated with frequent repairs and replacement.

Until next time.






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