Minimalism is Now a Necessity: We Can No Longer Afford Stuff: Financial Freedom, #162
By Joshua King
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About this ebook
We are transitioning from the prosperity era to the austerity era. This new era will completely wipe out the middle class.
The difference between rich and poor is that the wealthy have assets that make them money, even while they sleep.
For the middle class to obtain assets, such as real estate and dividend stocks, they will need to live below their means
Minimalism is a way to reduce your footprint but also align your spending with your need to acquire assets.
It may be tough to shift your perspective from spender to minimalist, but it is worth the pain. We owe it to our kids to begin acquiring assets and building generational wealth. Good Luck!
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Minimalism is Now a Necessity - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF
Minimalism is Now a Necessity
All Right Reserved Military Family Investing | 01 Minimalism is Now a Necessity
02 Become Middle-Class PLUS
03 Hustle Culture
04 Sleep Easy: Make Money 24 Hours a Day
05 Passive Income for Everyone!
06 The Golden Handcuffs of Lifestyle Inflation 2
07 You Can’t Get Rich by Acting Rich
08 Change Your Money Cycle
09 The Life-Changing Magic of Tidying Up
10 How to Use a Daily Budget
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MILITARY FAMILY INVESTING
Joshua King
Home of the Free PDF
www.militaryfamilyinvesting.com
Minimalism is Now a Necessity
We Can No Longer Afford Stuff
01 Minimalism is Now a Necessity
02 Become Middle-Class PLUS
03 Hustle Culture
04 Sleep Easy: Make Money 24 Hours a Day
05 Passive Income for Everyone!
06 The Golden Handcuffs of Lifestyle Inflation 2
07 You Can’t Get Rich by Acting Rich
08 Change Your Money Cycle
09 The Life-Changing Magic of Tidying Up
10 How to Use a Daily Budget
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
All Right Reserved Military Family Investing
01 Minimalism is Now a Necessity
We are moving into a new era during the 2020s. We are transitioning from the prosperity era to the austerity era.
This new austerity era will take no prisoners. If you don’t grasp how unforgiving this new timeline is, then you risk losing it all.
What is the austerity era? This new era represents the complete destruction of the middle class. So let’s take a quick look at what it means to be middle-class.
Retiring to a Small City and Living on Passive Income
Middle-class used to mean someone in your house had a decent-paying job, you owned your home (or could afford one soon), and you could afford a car and college tuition.
You also had a pension coming your way after 20+ years of working for the same company.
Today the middle class is defined by assets or lack thereof. If you do not own assets, you are poor.
You are poor if you own your primary residence but it generates no income. The only way to stay middle-class is to earn passive income while you sleep.
Why minimalism? Why now? Unfortunately, people are still living as if we are in the 1950s. They now have two parents working, paying for childcare, saving 10% toward retirement, and believing it will all end well.
There are only two ways for it to end well: If your assets (and passive income) outpace inflation, or you can create income from your brain (content creation, business).
Minimalism is essential to controlling lifestyle inflation, rebuffing the Joneses, and over-spending on