Hi Everyone! Hope you are doing good.
When talking about minimalism, it’s not only about your space. It’s about lifestyle, including your space, your financial goals, your relationship. It’s about how you let go of those unnecessary and keep the mandatory that always be your goal. It’s about setting up your life goals. Minimalist have various definitions towards each of people, but for me it’s lifestyle and life goals.
I’ve started being a minimalist since 2018, to be honest the most hardly to do is to minimalist my wardrobe and cables. I’ve decluttered my space, decluttered my relationship, decluttered my circle friendship, minimizing my expenses and maximizing investment and saving. I really enjoyed the journey.
Today, I’m about to minimize my “bad debt” and transferring it to a good debt. The only “bad debt” I have now is my credit card which I’m fighting for quite so long. Today, I’m about to refinance my 1st home, and clearing all my credit card and have some cash in hand for me to build my positive cashflow – Debit Card.
There is a lot of impact and consequences I’ve checked and put into consideration, like how much difference I need to bare, and what about insurance, how many years the new insurance will cover, is it enough until I’m at least by the age of 60/70? I’m not dare to take fewer years of insurance, so the original insurance was to cover 35 years, I’m checking for 30 years for the new insurance. Oh, by the way, the most important thing is the property has tenants and the cost can cover my whole bank now plus some little extra. By calculating everything, I saved monthly RM 1.2k!! Wee!!! Plus, my credit card settled and I have some cash in hand. So, I’m now need to think carefully what I shall do with the little money I have in hand.
Next, my target is to manage a debit card for replacing a credit card. Yay!! I was so happy as I’ve found the solution to declutter bad debt. After I’m done building positive cashf. Next, xt I’m gonna think a way on how to set goal for my retirement day!! Hey!! It’s not too earl to think about when you are nearly , okay? Nay or Yay!! 😃
Till then see u in next post..
Love, Sofia
My Minimalist Lifestyle 