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When Finances, Freedom + Minimalism Collide

When Finances, Freedom + Minimalism Collide

On this episode of the Sustainable Minimalists podcast we discuss minimalism as it applies to living in accordance with our values. We also discuss how financial freedom and minimalism intersect.


When Finances, Freedom + Minimalism Collide: An interview with Alli Owen.

Interviews are always best in audio. Listen here!


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3 years ago, Alli Owen embarked on a journey to pursue a lifestyle more aligned with her values. 

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She + her husband minimized their expenses, saved 70% of their incomes + left their high-powered jobs. Then they converted a van + aptly named it Clifford. 

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These days they travel the Americas in their Big Red Van, help others get clear on their financial goals + show them how to achieve them with gusto.

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Three questions Alli asks herself prior to making major life changes:

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1. Do I trust myself enough to know that I will be able to make money again?

2. Do I believe in this vision?

3. Have I prepared adequately?


Alli’s suggested first steps for anyone looking to tidy up their finances:

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– Get brutally honest with yourself: Where are you spending your money?

– List what brings value to your life. Determine where you are versus where you’d like to be.

– Convert stuff you aren’t using into financial wiggle room by selling it.

– Find opportunities to side hustle.

– Get on the same page with your partner + conduct monthly budget reviews together.


Resources Alli mentions in the episode:

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To retire early: Mr. Money Mustache

To walk dogs during lunch: Rover + Wag 

To Track Expenses: Mint


Notable quotes from the episode:

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“What everyone else is doing with their money isn’t what we want to do.”

“We refuse to let our salaries inflate our lifestyle.”

“By minimizing your stuff you create space in your life and freedom for you to do things that actually bring you joy.”

“At the heart of it, being a minimalist is about being intentional.”


Get more of Alli Owen on her website.

Follow Clifford the Van on Instagram!


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Revisiting The Capsule Wardrobe Conversation

Have a closet full of clothes but nothing to wear? While capsule wardrobes are often touted as the singular solution to closet overwhelm, many report that they can be restrictive, boring and, frankly, unrealistic in practice.

A minimalist closet is best served by first identifying the outfits needed to live YOUR unique life. On today's show podcaster Lauren Morley shows us how to streamline our wardrobes, say goodbye to clutter, and feel effortlessly put together every day by focusing less on capsules and more on a 20 outfit wardrobe, instead.

 

Here's a preview:

[5:30] Identifying exactly where and why capsule wardrobes fall short

[11:00] Why doesn't buying more clothes solve the problems associated with getting dressed? Conversely, why isn't decluttering the singular solution?

[16:00] Say goodbye to capsule wardrobes and hello to your 20 outfit wardrobe

[20:00] Getting to the root of our cultural reverence for bottomless closets

[28:00] The trend cycle is not your friend, so hop off that bandwagon!

 

Resources mentioned:

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