My worst financial mistake ever was not shopping. Not new cars. Not salon and spa outings. Not extravagant vacations. My worst financial mistake ever was SAVING... when I could've been INVESTING. - Confessions of a former shopaholic and reformed current minimalist/full-time nomad
Take two people who make the same income: one of them saves 50% of their salary and lives simply. The other saves nothing; their salary funds their lifestyle of cars, renovations, luxury trips, expensive brunches and nights out. Who is wealthier?
“Experiences over possessions.” Idealistic, perhaps. But controversial, no. Most people would agree with this mantra. But would they live it?
International travel does not need to be expensive or out of reach. It’s about choices. These are the choices I made, which freed up hundreds of dollars in disposable income per month.
I’m not a financial expert, nor can I predict the future. But I knew that I had significant equity and I had a willing buyer. Combine that with motive (excitement and eagerness for change) and opportunity (remote employment)... and it was an easy decision to sell my home of 7 years and become a full-time nomad.
2020 is upon us, and like every other self-respecting, emotionally-evolved millennial, I’m reflecting on 2019 and all its milestones, memories, and blessings.
Two years ago I was filing for unemployment and down to my last $1,000. Well, I turned things around by re-shuffling where my money was going, making full use of my assets, and prioritizing experiences over possessions.