How can minimalism help your retirement savings goals?

Minimalism isn’t just for those youngsters tossing everything but a toothbrush, a single change of clothes and a few household necessities. If you’re planning for retirement (which you should be), minimalism could be a helpful approach to address your short- and long-term goals — and here’s why.

In today’s episode of Your Money Minute with Tracy Stewart, CPA, I want to talk about minimalism and why it’s helpful for retirement. As Josh Beck, a Wall Street Journal columnist and author of “More is Less”, minimalism is an intentional focus on what you value combined with an intentional removal of distractions.

Minimalism allows you to focus on what is really important. But first, it’s imperative that you understand what is actually important to you… Have you thought long and hard on your retirement goals? I suggest you begin mapping out where you want to be in retirement and how much money it’s going to take you to get there. When you’re done, begin to think on the progress you’ve made toward these goals so far. What will you need to get there? By adopting a few minimalist principles, even over a short period of time, you can really make progress toward your retirement savings goals.

Financial independence is unbelievably liberating. Nothing is more liberating than knowing your financial future is secure — and the only way to get there is by taking the steps necessary to fund your retirement savings today. Minimalism isn’t just for those youngsters tossing everything but a single change of clothes and a few household necessities. If you’re planning for retirement (which you should be), minimalism could be a helpful approach to address your short- and long-term goals — and here’s why.

In today’s episode of Your Money Minute with Tracy Stewart, CPA, I want to talk about minimalism and why it’s helpful for retirement. As Josh Beck, a Wall Street Journal columnist and author of “More is Less”, minimalism is an intentional focus on what you value combined with an intentional removal of distractions.

Minimalism allows you to focus on what is really important. But first, it’s imperative that you understand what is actually important to you… Have you thought long and hard on your retirement goals? I suggest you begin mapping out where you want to be in retirement and how much money it’s going to take you to get there. When you’re done, begin to think on the progress you’ve made toward these goals so far. What will you need to get there? By adopting a few minimalist principles, even over a short period of time, you can really make progress toward your retirement savings goals.

Financial independence is unbelievably liberating. Nothing is more liberating than knowing your financial future is secure — and the only way to get there is by taking the steps necessary to fund your retirement savings today.

Remember: You can subscribe to my YouTube channel for even more practical advice on making the most of your money and life in the next episode of Your Money Minute.

Remember: You can subscribe to my YouTube channel for even more practical advice on making the most of your money and life in the next episode of Your Money Minute.