I had the wonderful opportunity to sit down and chat with Jamila Souffrant of Journey to Launch to talk about financial independence and sustainable living. It’s been nice to be able to spread the message about my two passions: pursuing financial independence and living a more sustainable life. We talked about zero waste, investing and why we also need to think about the future state of our planet for our children’s future.
Catch the episode on your favorite podcast platform or listen here.
I’d love to know what you thought about it. Do you think there’s a correlation between financial independence and sustainable living?
If you are looking to read more about living a more sustainable and minimal life can lead to a better financial future, check out these posts.
I’ve been doing a series over on Instagram #100WaysSaveMoneySaveThePlanet and in my research, it’s rare that I came across personal finance books and blogs that talk about the relationship of our consumption on our wallet and the planet. So for this post, I wanted to do a roundup of posts that highlight this message that if we want to save money, we have to start caring about the Earth. If you note some of these blogs, they are more in the personal finance / financial independence world and are pretty influential.
I just finished the book "Your Money or Your Life" by Vicki Robin and Joe Dominquez. I love personal finance and am an avid personal finance book reader. Of all of the books I've read, this is one of the few books that talk about the relationship and impact of our spending on both our wallets and on our one planet. “Financial Integrity is achieved by learning the true impact of your earning and spending both on your family and on the planet.”
Not that you should own nothing, but that nothing should own you.
What is Minimalism? What is Financial Freedom? To me, Minimalism has always been focusing on the things that I value. This means focusing less on the accumulation of stuff, but more on personal growth, on relationships and on helping the world. Today, Financial Freedom means more to me more than ever and I will share a story that I have never shared here before.
We all need to start thinking of money in terms of freedom. Money = Freedom. Today, most of us exchange our time for money. Yes, the money eventually pays for housing, for food, for clothing, for vacations etc., but at the heart of it, we are exchanging our time to buy other things. It would be very idealistic of us to state that money is not important. We don't live in a world where money is not necessary, but we can figure out a way to use it for good.
Here it is folks, proof is in the numbers.
I've learned that it doesn't cost a lot to switch to a more eco-friendly lifestyle. The key is to recognize what you use the most and find alternatives that are better for the environment. I thought I would do a quick exercise on things I've invested in starting a zero waste or low waste transition and my ROI or in this case, my savings. Now, we may not need to spend any money at all if we are handy and are resourceful. I took 3 of the top items that you can replace today.
It's the one advice that helped me feel secure about my future. The concept is simple. First, create multiple savings accounts. This can come in the form of retirement, investment and general bank savings accounts. From there, split out the bank savings accounts into specific short-term and long-term goals. This may mean having a saving accounts for Iceland 2017, Weddings 2018, and Vacations All Year Round. It's about planning ahead. The key to funding these successfully is to automate it all. Before even any of your paycheck touches your bank account, money is streamed into separate accounts and what your left with is money for your basic needs and some for luxury.