Frequently Asked Questions
What is minimalism exactly?
- Minimalism is the concept of decluttering a subject (any subject) until there's nothing left but its true essence. To Home of Wealth, minimalism represents three things:
- Unpacking, repurposing, and reclaiming your consumer habits.
- Cherishing experiences over possessions.
- Choosing high-quality, timeless possessions over trends.
Does minimalism mean poor?
- Minimalist living has nothing to do with your income levels. When your life is free from materialistic clutter, you'll find that you get satisfaction with time spent with loved ones, creative expression, and the little moments that make every day special. You'll feel wealthier, regardless of how much money you have.
Why isn't everyone so awesomely minimal?
- Living minimally is highly counter cultural to the art of looking rich while being broke. Minimalist living enthusiasts are confident in being who they are. This lifestyle and this mindset are highly threatening to a person consumed by possessions. Minimalists are problematic to people living the materialistic dream, because it becomes clear that possessions do not fill the void in someone’s soul. A minimalist’s life is happily uncluttered, and thus happily liberated from the materialistic lifestyle perpetuated by our modern society.
What's the difference between frugal and minimal?
- Both are alternatives to materialism and affluence. However, there's a big difference between the two terms. Frugal living enthusiasts prefer to “do more with less." They use methods like couponing, thrift shopping, and price-matching to stretch their dollars, allowing them to save more and spend less.
- A minimalist prefers the idea that “less is more.” By surrounding themselves with timeless possessions that are helpful and made from quality materials, a minimalist will spend less money on trends and more time doing what they love. Making a larger investment to purchase one higher quality item today, as opposed to several inferior items over a lifetime, will allow them to eventually spend less and save more.
Is there such a thing as “frugal minimalism?"
- Absolutely! The two work together very well. Many minimalists are also frugal, and many frugal people are minimalist!
Why is minimalism so closely tied to finance?
- As a society, we spend a lot of money on purchasing, decorating, insuring, and showing off our belongings. This can lead to financial problems, to say the least. Minimalism does the opposite! Minimalism allows you to be mindful of how you're spending your wealth. The minimalist mindset allows you to make smart decisions when purchasing items, thus securing your financial future.
Why is minimalism a weapon against corporate profits?
- When a person stops caring what others are doing, buying, and consuming, marketing messages have little to no impact on their lives. The entire reason companies spend so much money on marketing products and services is to generate higher profits. Minimalism takes the power away from corporate marketing by seeking timeless quality items and free experiences over "stuff".
What is philanthrocapitalism?
- For Home of Wealth, it means supporting Kiva.org and advancing micro-finance opportunities across the globe. Charity before profits, it’s that easy!
Why will doing good lead to better business?
- It may not, but why not take a gamble on something worthy like charity? Businesses start up everyday with the intention of making lots of money for owners and shareholders, but only donate a small portion of earnings to charity, if any at all. That mindset leads to greed and fraud. Why not flip it? This is why charitable organizations are our shareholders.