- Ray Dalio said something in his book Principles
that really stuck with me, and I think is really important
for all of us to think about.
He said, you can have just about anything you want,
but not everything you want.
Maturity is the ability to reject good alternatives
in order to pursue even better ones.
In this video, you and I are going
to go over how you can take a minimalistic approach
with your money so that you can reject
those good alternatives in order to pursue even better ones.
Towards the end of this video,
I'll show you what I found in my house
that I completely forgot about
that I should probably get rid of right away.
Hey, I'm Jarrad from Debt Free Blueprint
where I show awesome people like you
how to get out of debt and create freedom
through your finances using the debt free blueprint.
Taking a minimalistic approach with
your money may sound a little woo-woo,
but hold on for a minute because it's not at all.
It could actually benefit you more than you think.
Trust me, I'm one of the biggest skeptics
of those woo things we always hear people talk about.
Minimalism and money have to do
with being intentional with things
that you buy in your life.
It has to do with stopping for a minute
and looking around you to decide
what really matters to you and what doesn't.
It makes you question the need
for some of the things that you already have.
If you've never been exposed to the concept
of minimalism before, then it could seem really difficult
and even overwhelming.
Minimalism isn't about depriving yourself
of things by spending less money.
It's not about selling everything that you own.
Taking a minimalistic approach
when it comes to your money has
to do with using your money as the tool
that it was created for.
To figure out for yourself which things bring value
to your life.
One mistake many of us make is
that we think we find value in everything.
And if you find value in everything,
then you actually find value in nothing.
It's easy to find value in something in the moment,
but it's difficult for your initial impulses
to really be able to decide what is truly valuable
to you and what isn't.
Think about it though, if you give me the chance
then I can find value in buying another pair of shoes
because heck, I'll wear them to work on Monday.
If you allow me to, then I'll find value
in a bigger house than I have now
because bigger is always better, right?
And if you let me, I will find value in anything,
but for how long is the question.
This is the toughest part though.
Filtering through all the things coming at you in life,
deciphering what is truly valuable to you
as opposed to having someone else,
or the advertisements that we see every single day,
telling us what they want us to value.
Your money is your money.
Maybe you feel like you have a problem
with how you spend it, and maybe you don't.
But if you have a feeling that you do,
then I would start questioning if
your value filter is working or not.
Even if I gave you, we'll say five million dollars
right now and you buy a whole bunch of things,
literally everything that you want
without taking on any debt, do you think
that you would have value for all of those things equally?
Since you have so much, it's nearly impossible
to value everything because you have way too many things.
To the point where you'd probably even forget
that own some of those things.
The conversation doesn't change
whether you have five million dollars
or make $50,000 per year.
You most likely even have things
in your life right now that you haven't thought about
in months or even years.
When I was brainstorming this video,
I realized, hey Jarrad, you have this thing
that you don't ever use.
It's just sitting there.
It's a power dot massager thing for
like when I'm sore or after working out.
I need to get rid of it.
As I always say, there is nothing wrong
with spending money and buying things
that we want so that we can enjoy our lives
right here and now, but it's impossible
to want and have everything unless you want
to continue to be car poor, house poor,
future poor, and carry debt for the rest of your life.
Spending the money that we make is good,
but spending less on the things that don't matter
and more on the things that we really care about
makes all the difference in the world.
So start thinking about how you can employ
a minimalistic approach when it comes to your money.
Start forcing yourself to decide
whether your next purchase is truly valuable to you
or if it's just going to be another thing in a month or two.
If you don't start creating this filter
for yourself, then you're going
to get 10 years down the road,
and say to yourself, what in the hell did I do
with all of my money?
Leave a comment down below and let me know
how you can apply a minimalistic approach to your money.
Thank you so much for checking out this video.
Smash that thumbs up button, and pick
up your free copy of the debt free prep workbook.
Link is in the description, or somewhere
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so we can start getting you to the point
where you are financially free.
I'll see ya in the next one, friends.
Adios.