Very accurate described Jackie French Koller the new wealth that many of us started embracing and sharing which is minimalsim.
The minimalists seem to have found the recipe for happiness in just...getting rid of useless stuff that clutter their space and stop making that same kind of acquisitions in the future.
We are collectors. We like to collect clothes, bills, furniture and all sort of memories. But when the moving truck comes not all our collections seem to fit in it and even in our future homes. The minimalism started in the 60's as an inside decoration style, but it evolved through time, finding new followers that just wanted a simple life with the minimum that they need.
Having less stuff means having less to clean for. Spending less time on cleaning means that you will have much more free time to do what you really love. In the process of removing all the unnecessary objects that found place in your house you will have the opportunity to make some money also. That happens in case you don't think donating them to the poor. The minimalist way of life involves not only making more room in the house and in the closet, but enjoying what you already have and not spending extra cash on things that you will not use in the future.
Most of them will only become very good dust and moths attractions.
Spending less money on things will probably affect your future vacations also. Maybe it's time to take that Safari trip that you have always dreamed of now that you sold your old furniture, silver spoons and CD collections. Having less objects to deal with will help you finding them easier also.
As a minimalist, going shopping will be an easy and precise task to do. You just buy what you need and use it. And if somewhere in the future you may need that tool that you're probably thinking of buying you will do that, but not until then.
Purchasing things for just in case will steal precious space from your house, cash from your wallet and time from your life.
The end conclusion is the famous qoute ...Less is more
Less things to trip on it, less cleaning and less money spent on useless objects will result in more space, more time and more money.
Minimalism is a way of life. A mindfulness, clean and happy life that you can discover just by making things simpler.
Investing time in yourself is the new wealth for time is the only thing you can't reproduce or regain. Once lost is gone forever. Take a look at your stuff. I'm sure you will find something that you haven't used in years.
And which is the best way to be rich based on your understanding
Having exactly what you need and use.