Minimalism And Financial Success

Business leads and entrepreneurs alike are often heard saying "You can't cost cut to greatness" and "cutting cost kills business growth". It's a mantra inspiring us to spend and invest more to grow. 
On the other hand engineers, accountants and any other like profession, occupation, or holding minimalist values would espouse that greater efficiencies are the key to business success. 
So what to do? What will ensure us the greatest chance of success for us? Can we have our cake and eat it too?
The following are ten simple ways I have found to save money and eat my cake too.
Why share my cake with you? 
Because doing so has delivered not only me but also many others I've helped make great savings but also maintain a very comfortable quality of life on the journey to achieving financial independence. Most importantly minimizing experiences of financial worry along the way.
10 simple ways I have found to save money without the need to cut back on our quality of life.
  1. Change transaction banking accounts and credit card fees to a nil cost/fee account/provider.
  2. Change lender or products if you have a home loan. Compare rates and consider benefits of changing to an offset account.
  3. Review your insurance providers (life & general) and compare terms & costs vs. competitors terms & costs
  4. Review your utility suppliers (power, phone, gas) fees and services vs. competitors.
  5. Apply for a commission refund if not accessing advice on your retirement accounts.
  6. Claim your rightful deductions in your annual tax return.
  7. Spend your money more in alignment with your values. Challenge your spending that’s for show.
  8. Automate your finances. Save on late fees. Some provides give discount for paying on time while paying on time also improves your credit rating.
  9. Get a money jar for all you spare change then bank it when its full. 
  10. Take care of what you own. Saves money on maintenance and repair costs.
This post was written by Peter Horsfield, as such they are his personal views. Peter helps you to focus on what’s most important, the right strategies at the right time. To learn more about How to become Financially Independent visit Peter Horsfield Smart Advice 
About Peter Horsfield 
Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

Location: Cairns QLD, Australia

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