This Women in Wealth feature will highlight three key insights from Rachel Smith, a single Brisbane based lady, who bought her home and paid off her mortgage in seven years.
Minimalism defines a lifestyle different to what advertising campaigns sell us. We get up, exercise, commute, work, commute, eat, sleep and repeat the process five times a week. Weekends are spent recovering: cleaning our homes, washing clothes, grocery shopping, meal prepping, seeing friends and family and getting ready to start over again. But what if it didn’t have to be that way? The Minimalists preach a different life than the one advertising campaigns sell us: a smaller house, fewer possessions, rich relationships and better health. Today I will delve into three important messages I got from The Minimalists, Joshua Fields Millburn and Ryan Nicodemus’ book, Minimalism.
Did you know as well as a gender pay gap of 15.3% in Australia women are also expected to pay more for our deodorant and razors too? Every woman uses between 10,000-12,000 disposable menstrual products a lifetime and while men’s Viagra is GST free women are expected to pay GST on tampons and pads. Not the Economiss, This week’s article has some quick tips for women about beauty on a budget!
Have you ever had the courage to contact a stranger on social media? In January 2018 a post from Underspent author, Rachel Smith, showed up in my Linkedin feed. Rachel has merged her talents, hobbies and passions across different areas: she is an advocate for cyclists advising internationally on transport planning and infrastructure, she is passionate about the environment, minimalism and reducing waste, where I most admired Rachel centred around a large challenge that she set for herself in 2014 where she bought nothing new or second hand for over a year. This helped her to save 38% of her salary, $52,680. I plucked up the courage and sent Rachel a private message on Linkedin and we ended up arranging to meet for lunch. I have since read Rachel’s book, Underspent, which details her year of giving up shopping in 2014. This article provides an overview of three lessons I learnt from Rachel to apply to my personal finance journey: making new rules, getting organised and rewarding yourself with experiences.