As we start thinking of sustainable living and we all don’t know where to start, well there is no starting at all if the mind and soul is not one hundred percent into it. To get to the stage where any one shall feel that he needs to start living sustainably he need to have reached some sort of financial independency.
What is financial Independence, well in simple terms if you have saved substantial money and also generating a consistent income on regular basis over a period of time then we can say that you have reached 80 to 90 percent of financial independence. Well to reach the financial independence every one will have different strategy and take different timeline. So were to start the first step.
Initially work for money and later make money work for you.
Start with smaller financial saving steps, look at the simple things like you are day to day life and expenses and check which are the necessary expenses and unnecessary expenses. slowly reduce the unnecessary expenses, for example let say you spend for a coffee at a coffee shop see it can be avoided similarly you might be spending for your daily lunch at office or outside this can be avoided by making your own lunch similarly these day a good coffee can be brewed at home why spend for coffee at coffee shop. Most people for there convenience eat or drink outside which will add up to significant amount of money over a period of time. It also doesn’t mean you should not eat or order food from outside, you should when there is absolute necessary like say you are busy with your house work or painting your house or shifting your house.
Another expenses is travel expense wherever possible do a group travel and you can all way’s share the accommodation together and reduce expenses and fun to travel in groups. Like this there will be other things where you can reduce your expenses. Also if possible for your daily commute you should use the public transportation and you will saving miles and gas on your car.
while you are reducing your expenses you should also make sure your savings are growing, you can always start with small savings investment like a deposit account, but today there are many other investment platform which gives opportunities for small investor to invest into various asset class like equities, gold and also real estate. You should look into these platform and contribute your savings and make sure it is growing. Setup a retirement account and start contributing when you are young and you will see the magic of compounding works on your savings.
If you are having a more money to invest you should also look at the real estate investment which can generate rental income while your capital also growing.
Over a period of time you should have sufficient money to live sustainably.
Sustainable to Regenerative Living 