srkmish
Ambassador of Buzz
I may not get many responses here. But im interested to see who will join in an "indian" minimalist thread. Lately, i have become very inspired by the strategies mentioned in Early Retirement Extreme: — a combination of simple living, anticonsumerism, DIY ethics, self-reliance, and applied capitalism . While the strategies mentioned are for retiring early, it encompasses much more
(i) Drastically cutting down your frivolous expenses
(ii) Escaping the vicious cycle of consumer upgrading
(iii) Understanding that happiness does not depend on owning things
(iv) Doing things yourself that you would otherwise hire 3rd party to do i.e. Carpentry, fixing things.
(v) Investing wisely all ur money so that you could retire early
I believe minimalism and extremism are closely linked. Here is how i have cut down all my expenses
1. I no longer eat at expensive restaurants. I consider this absolute waste of hard earned money. Also, no CCD, no Dominoes.
2. Not using AC anymore, i sleep under the cooler and it has been great
3. Not upgrading PC, Mobile etc and not buying any other gadgets. I really get bored after a month after owning any device
4. Investing in PPFs, Insurance schemes. I am a novice as of now. But i will get better at this.
Things i plan to do to further reduce expenses
1. Cycle to Office and back
2. Sell off all unused stuff. There is a rule, which says, if you havent used any product for more than 6 months, you are better off selling it/donating it.
3. Learn to "fix" things myself. This might be a tough road for me as frankly i have never attempted this kind of thing i.e fixing leaks/carpentry/electricity problems.
Please chime in if you are interested. I am curious to know how do other minimalists/extremists reduce their expenses.
(i) Drastically cutting down your frivolous expenses
(ii) Escaping the vicious cycle of consumer upgrading
(iii) Understanding that happiness does not depend on owning things
(iv) Doing things yourself that you would otherwise hire 3rd party to do i.e. Carpentry, fixing things.
(v) Investing wisely all ur money so that you could retire early
I believe minimalism and extremism are closely linked. Here is how i have cut down all my expenses
1. I no longer eat at expensive restaurants. I consider this absolute waste of hard earned money. Also, no CCD, no Dominoes.
2. Not using AC anymore, i sleep under the cooler and it has been great
3. Not upgrading PC, Mobile etc and not buying any other gadgets. I really get bored after a month after owning any device
4. Investing in PPFs, Insurance schemes. I am a novice as of now. But i will get better at this.
Things i plan to do to further reduce expenses
1. Cycle to Office and back
2. Sell off all unused stuff. There is a rule, which says, if you havent used any product for more than 6 months, you are better off selling it/donating it.
3. Learn to "fix" things myself. This might be a tough road for me as frankly i have never attempted this kind of thing i.e fixing leaks/carpentry/electricity problems.
Please chime in if you are interested. I am curious to know how do other minimalists/extremists reduce their expenses.