Minimalism can make you happier, healthier, and even wealthier! Here are eight ways that minimalism can make you money; not so you can buy more stuff, but instead so that you are free to live the life that you want!
Make money with minimalism and reach for those financial goals!
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Make money by selling your clutter
It’s no secret that I love decluttering — and decluttering loves me right back! I have made $10,000 by selling my clutter and continue to make more money every day.
I am basically the poster child for “reasons you should declutter”; I dragged stuff around in boxes for literally decades — and I am not the only one!
The LA Times reported:
The average U.S. household has 300,000 things, from paper clips to ironing boards. U.S. children make up 3.7% of children on the planet but have 47% of all toys and children’s books.”
Be honest…how many items of clothing do you have in your closet that still have the tags on them?
Place you can sell your clutter include:
- Facebook Marketplace
- Garage and yard sales
(Get started selling your stuff for top dollar with my ultimate guide to making money on eBay series.)
Make money teaching others about minimalism
If you are passionate about minimalism, would you consider turning that passion into a career?
Another way to monetize minimalism is blogging about minimalism (like I do) or even becoming a certified specialist that helps people who want to become minimalists!
I personally know TWO female engineers who took their love for decluttering and made it into a career.
Decluttering guru and my personal idol, Marie Kondo, also offers training for consultants who want to specialize in her method of decluttering, which is all about choosing to surround yourself with ONLY those items that bring you joy.
Make money by spending less
Minimalism can be addictive…in a good way. A funny thing happens when you begin to move towards minimalism; you start to be more selective about what you bring into your home.
Before making a purchase you will look at an item and think, “Does this have a place in my house?”
If it doesn’t, you will be able to pass it up.
Minimalism helps reduce impulse spending and keeps you on budget.
Make money by living smaller
Adopting a minimalist mindset can help you live smaller in many ways.
I already said that you will need to buy less stuff…less stuff, in turn, means that you don’t need as much space for your things!
You may find that having less stuff inspires you to downsize your house like my friend Renee at The Fun Sized Life did!
We currently live in a 1400 square foot townhome, where our two children (3 and 5) share a bedroom.
While there are definitely some challenges that come with living in a small home, it can also be very rewarding and make you a closer family.
Another bonus? Not as much space to clean!
Here are just some of the ways living smaller can save you money:
- A smaller mortgage payment
- Less space to decorate and maintain
- Smaller tax payments
- Lower utility costs
Make money by being more organized
Raise your hand if you have ever had to pay a late fee because you forgot all about your bill!
Preschools, utility companies, banks, medical bills, pretty much any bill that you have to pay… if you fail to pay on time, you usually incur a monetary penalty.
That is like flushing money straight down the toilet!
Those $25 late fees can add up FAST.
Make money by being healthier and more positive
It is ABSOLUTELY true that clutter is a source of stress...particularly for women.
Making a few minimalist changes can have a snowball effect.
Here are some awesome side effects of minimalism that people have reported:
- Sleeping better
- More positive attitude
- Eating healthier and exercising more
- Change of career for the better
- New or improved relationships
I’m not saying that minimalism is the cure to everything that is wrong in your life.
However, having too much stuff can have a very real negative impact on your mental health, which can in turn affect other areas of your life.
Making the move towards minimalism may be just the kick in the pants you need to inspire positive change!
Make money through charitable tax donations
If you don’t have the time or the desire to try and sell your clutter yourself, donating to any number or charities can have big benefits for you!
The IRS will provide you the opportunity to offset any of your earnings with proof of charitable donations that you make to programs like The Salvation Army, Goodwill, etc.
A good way to find places to donate in your area is to run a search for “charitable donation + your zip code”.
Make sure you get a receipt to save as proof of your donation!
Make money by making your extra money work for you
If you get all of your debt paid off, you can make your savings work hard for you.
Investing in the stock market (especially in safer bets, like an index mutual fund) is a great way to help your money grow.
You can do your own research or contact a financial advisor who can help guide you in the process.
Whatever your financial goal, minimalism is a great way to reach for a better future.
Whether it is having less stress, trying to become debt-free, saving up for your dream of early retirement, I hope that you found this post full of great ideas to help simplify your life and start making money from minimalism.