Here at ChooseFI, we don't just want you to just regurgitate our ideas or mimic our behaviors. Instead, we want to empower you to live intentionally.
We want you to figure out what you want out life and set intentional goals to get there. So let's talk a little bit more about what living life as a “valuist” is all about.
What Is A Valuist?
In terms of financial independence, a valuist is someone who spends money on experiences or things that they truly place value on. It is a mindset like frugalism or minimalism but it can represent more of an individualized approach rather than something that fits neatly into the other two categories.
Being a valuist is simply choosing to live one's life with intentionality.
In the larger picture of life, a valuist is someone who keeps their values in consideration when making decisions. It is a way of making choices and it fits so well with the FI community.
For example, many of us choose to live life with less consumption so that we can get back something that we all value–time. In another example, you might choose to go on an unpaid vacation rather than increase your wealth because time with family holds a lot of value to you.
Choosing to live a life with values and intention is a critical component to finding success and happiness. Intentionality and mindful living have been so absent in a culture that values big houses, fancy cars and impressing the Jones'.
Intentional Living: Helping You Choose Between Your Minimalist And Frugalist Tendencies
There is a lot of overlap between minimalists and frugalists. But when you take both philosophies to their furthest extremes, they could be defined as follows:
- Frugalists: People that are on a mission to pay less.
- Minimalists: People that are on a mission to own less.
Again, these are just the extremes of both mindsets. The truth is I don't fit perfectly into either box. And I have a feeling some of you may feel the same way.
- After watching a few of the episodes, my wife and I had a long discussion about how our accumulation of “stuff” was leading to more stress in our lives.
- So, yes, in case you were wondering, we are one of the couples who threw out several trash bags worth of stuff after watching her show.
Forget The Labels And Choose Intentional Living Instead
- When it comes to clothes, I definitely lean minimalist. I hate overflowing drawers and I can't stand laundry strewn all over the house.
- When it comes to my car, I'm a full-on frugalist. I could care less about what my car looks like. I want to find the cheapest car I can get my hands on and drive it till the wheels fall off.
- When it comes to travel, I fall right in the middle. We travel more often and farther than most people and we budget for travel all year round. Why? Because travel is something that we value a lot. But we also use credit card rewards points to save huge money on transportation and hotels.
Those are just three examples of how I live intentionally according to my values.
But you may have a completely different value system when it comes to clothes, cars, and travel. And that's great too. The key is to ignore the noise and opinions of others and make intentional plans to turn your dream life into your real life.
- If you value early retirement, then you need to make intentional plans to make that a reality.
- If you value family time and you're not getting enough of it with your current job, then you may need to make intentional plans for a career change.
- If you value fitness, then you may reduce or cut out some line items in your budget to make room for a gym membership.
- If you value nice cars, then make intentional plans to save up and buy the car of your dreams.
- If you value being debt free, then make an intentional plan to get out of debt as soon as possible.
All these examples help illustrate why becoming a valuist is so important. It allows you to let go of other people's expectations for your life. And it frees you up to start intentionally chasing after the things that really matter to you.
- Naseema Financially Intentional | How I Paid Off $1 Million In Debt
- How To Be A FI Minimalist Without Being A Minimalist