Lifestyle Design Effects on Inventory & Income

J2592x1944 000681 1024x551  Lifestyle Design Effects on Inventory & Income

Today’s post is a little more introspective as I’ve had a bit more time to reflect while traveling during some winter vacation. I figured now would be a good time to share more about who I am (and what I own!) as internet traffic dips and people are busy with their families and the holidays. The short and sweet of my thoughts here look at the measurable truth behind gaining more than just closet space by taking inventory of what you own and ditching the junk.

I’ve made a lot of changes in the last 7 months, mostly revolving around life efficiency/effectiveness, material possessions, and creating an easily managed business. These changes so far have come prominently in how I think, but cascade more and more into my everyday activities. Activities which have effected two things in my life, belongings and income. Since I’ve been focusing on creating income, I’m taking a look at what I own and how a practice to minimize what you own will buy you more time, earn you more money, and free your mind to think more clearly.


Income through Inventory

I am not a minamalist. It seems to be the latest craze these days but I haven’t joined. I think it’s because I’m in a relationship and I also love the idea of building a home base. I might be a mediumist? or perhaps a utilitarian. I don’t think it’s wrong to be a minimalist, but I don’t think it was suggested by lifestyle design either. I like the idea of having freedom that allows me to pick up and go at the drop of a dime, but living out of a book bag at all times is a no go for me.

I don’t think it has to be that way either, the distinction is having the power to travel (temporary  moves, or “mini retirements”) as to capitalize on the money you are already earning, not BECAUSE you need to earn dollars more cheaply (doing this will lock you in and inherently defeat your minimalist lifestyle because you’ll end up putting down roots). I advocate you should be earning income before you travel like this, it’s a core facet of lifestyle design that people often swap. To each his own, but I’m calling it how I see it.

WHAT DOES THIS HAVE TO DO WITH INCOME? Having less often lets you make more. I certainly don’t suggest hoarding up crap you never use and as mentioned in previous posts, I’ve taken to analyzing what I own monthly to question whether I really need it. The process has earned me both time and freedom (and a little money), the currency of any smart person. The whole point isn’t to trash stuff you don’t use, although that’s the core action, but to understand how much you gain by being aware of what is around you.

What we own ends up owning us.

Wise words. Our possessions take up a certain amount of mental RAM (always being present in our brain in some fashion) not to mention physical ROM (actual space in our lives). Our heads are overloaded as it is, it’s never a bad idea to break down what you own to free up valuable mental real estate and put some front money into your reserves for creating a freedom business. The problem is this process sucks away time we already don’t have.

The Streamlined No Time Minimizing Process

I took a cue from Colin Wright and snapped some pictures of just about everything I own one day. I don’t know if he intended it to be a practice, or merely a exemplary showing of how little he owns (72 things!) but I immediately thought how I could turn this into a quick and dirty, streamlined process for minimizing. I thought it would be interesting to see all my possessions in picture form and help my monthly ritual (stage 2: elimination) of minimizing my belongings so I wandered around my house one night taking snap shots of everything I own. The process took me about 5 minutes.

Seeing everything I own in picture form immediately set off some triggers for things I don’t use any longer and should trash or sell. I was also able to view those pictures throughout the day at work, on the train, whenever I had a few minutes.

Seeing my belongings in pictures gave me the detached view I needed of them, I was able to quickly drum up a list of things to trash.

Since I knew what to throw away, the process became almost instant. All of 15 minutes later and I had a pile to toss, or take individual snapshots of for posting on eBay or Craigslist. (hint: Use a VA to do this from stage 3: automation)

The Benefits are Many.

Sure your closet is a little cleaner but the other benefits are much more important.

Time saved from going through your clothes, scanning through your books, sitting down to work or any number of the other minutia tasks you perform throughout the day. You don’t realize that moving that empty box from the iron you bought every time you put the towels away sucks away time from your life.

Mental freedom from thinking through what you own, or what needs to be maintained or updated, or taken care of each time you travel, or take on a new job or explore a new idea or simply get dressed. This is the most elusive benefit because we simply can’t quantify the mental drain that ratty sweatshirt you refuse to get rid of has on us. Let me clearly tell you it’s weighing your down, it’s costing you seconds that count to minutes and hours each year you don’t take a long look at it, remember it’s memories and trash it.

Pocket money for a month of eJunkies online store, or for purchasing that domain name for your future business, or the next book you’re looking to buy.

Lifestyle Design effects what you own, and improves both your mental and real world income.


Who is Robert Granholm.

Below is my most recent inventory gallery, I’ve already cut the fat from several of these pictures.

What does your inventory look like? I don’t think you should jump on the minimalist train and sell everything, but start taking into account how what you own, is owning you and effecting your income.


More about Rob

I’m just a guy with a thirst for new experiences in search of a doorway that will allow me to have them. I’m just like you in many ways as we all share similarities. I have my dreams and I’ve discovered that finding them is a reality, I just have to plan and think about getting them. That’s the very first spark of lifestyle design, or bluntly said, thinking about life past the next paycheck. I don’t think my life is miserable, in fact I believe I’m blessed beyond belief, but challenged for pulling more out of my time on earth. It’s in my character to help others and persevere when met with a new challenge or skill. I think these things are common amongst lifestyle designers.

I’m 25, I know technology well as it’s my profession and have a wonderful girlfriend of almost 3 years. I’m blessed with saving grace. I grew up extroverted but find myself introverted more and more. I’ve set up a convenient work situation at a consulting firm until I can free myself financially. I’ve made it a life challenge to be in great physical shape and run triathlons yearly. I constantly find myself limited by money and time. I want to learn 100′s of new skills, I want to talk about them, I want to travel, I want to teach and I want to play. I have a hard time relaxing sometimes.


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  • http://twitter.com/LisCarpenter Elisabeth Carpenter

    Hi. I'm sorta new to the blogosphere. I started a lifestyle design blog last month. It's cool to see that so many people are putting some of Timothy Ferriss' techniques to work. From reading your post I can see that I read through the book much too quickly. I'm waiting on my physical copy to arrive, but I am going through work through the book on my next reading. Thanks for proving it can be done.

  • http://twitter.com/LisCarpenter Elisabeth Carpenter

    Hi. I'm sorta new to the blogosphere. I started a lifestyle design blog last month. It's cool to see that so many people are putting some of Timothy Ferriss' techniques to work. From reading your post I can see that I read through the book much too quickly. I'm waiting on my physical copy to arrive, but I am going through work through the book on my next reading. Thanks for proving it can be done.

  • http://www.bndr2010.tumblr.com BNDR2010

    Great post, man! I am in the process of slimming down my possessions. Over the past few months, I have donated over 4 suitcases full of clothing and shoes, boxes of books, and a ton of random stuff I just don't need. I tour for a living and have had my stuff in storage more than in a home. I shudder to think of the money I've wasted on that alone. If it's been sitting in a storage space for about 5 years, I obviously don't need it to live! So, I am going on tour again in a few weeks and the goal is to travel with only 1 suitcase for a 6 month trip to over 40 cities. I'll live on a bus and stay in hotels occasionally. When I get off tour, I want to get rid of even more stuff, so I am working on breaking free from the “just in case” and “what if” mentality. I wanted to try touring with just a hiking pack in the neighborhood of 40L, but I have a perfectly good rolling duffel, so I'll use that.
    I don't see any pics of your kitchen. Are you not counting dishes, utensils, and cookware or are you living somewhere furnished??
    Thanks again for the post and congrats on finding your happy meduim-ist! Take care!!

  • http://thelifedesignproject.com Rob

    Mav,

    I'd love to connect, relationships are fuel! Glad to see someone else do a regular inventory check, really puts things in perspective!

    Goodluck with skimming down to a 28 liter bag as you take on a big adventure and look to grow a freedom business out. I'd love to hear about, offer what I've picked up and see what are still looking to learn as I progress here at the LD project

  • http://www.maverickwil.com Maverick Wil

    I absolutely agree that LD doesn't mean being minimalistic but the process of elimination really does give us the perspective of how little we actually need.

    I do a regular inventory check from time to time and it helps tremendously to not only keep my place clean but like you said, it contributes to mental freedom. This is opposed to those who keep a store room (or the house) full of things that they “might” need in the future. It's like mental dead weight.

    I'm heading towards Tynan's (of Tynan (dot) net) 28 liter bag in preparation for travel in the 2nd half of 2010. The plan is to get rid of everything and hit the road for a year while I grow my muse. When I find a place to build a base, I'd like to have more than 3 shirts. You know…be a 'mediumist'. ;)

    Happy New Year! We should get in touch sometime soon for a chat. I'm starting my own LD blog.

  • http://www.the9to5alternative.com/ Alan

    Right on. I spent last weekend gutting my closet and attic back in Nashville. I feel the same way about minimalism – while I donated clothes, threw away my 4th grade class notes and piled together electronics to sell on Craigslist/eBay, I still couldn't fit everything into a backpack. I like my books too much!

    I'm also a huge fan of freeing up mental RAM – learned that in Getting Things Done by David Allen.

    Enjoy your final days of 2009. See you next year!

  • http://exilelifestyle.com/ Colin Wright

    Rob, awesome post! I'm so glad you got some inspiration from the 72 Things I Own post…I actually wrote it because I had no idea how many things I owned, but thought it would be interesting to find out.

    I discovered the same as you in the process, though, that even though I already owned less than most, there were things I had no use for and hadn't even taken out of my carry-on since I started traveling. Because of this, I'm aiming to get down to 50 items by the time I move to New Zealand (mid-February).

    Thanks for the shout, and I'm glad you've managed to find a way to work a little minimalism into your life without going too extreme…the worst is when someone hops on board a trend-train only to find the practice isn't right for them or their situation. You can bet if I wasn't traveling I would own many more than 50 things :)

    Happy New Year, and keep up the great work! Looking forward to keeping up with your continued evolution in 2010!