ST. CROIX INSIGHTS

Essentialism – The Disciplined Pursuit of Less

BY BRETT ANDERSON/ST.CROIX ADVISORS, LLC

It’s not the pursuit of less. It’s the exact opposite of what you’d think. It’s more. “An Essentialist produces more – brings forth – by removing more instead of doing more!” Now that’s cool!

Essentialism Defined

Essentialism – The Disciplined Pursuit of Less by Greg McKeown is a book I just finished. It was recommended by a client of St. Croix Advisors. He thought I’d connect and relate to its message, and boy did I. Here’s why I connected with its message: It’s about “learning to filter through all those options and select only those that are truly essential.”

Essentialism in Financial Planning

Essentialism

The Disciplined Pursuit of Less by Greg McKeown

When you start to contemplate that, you realize it’s a powerful opportunity we can implement in our daily lives.

3 Areas to Apply Essentialism

We can start to apply essentialism to three primary parts of our lives:

  1. Work
  2. Family
  3. Financial Planning

It’s not about getting more and more things done. I think we’ve all tried that and probably failed. We’ve also heard ‘work smarter not harder’; been there, done that. Instead it’s about investing in “the right activities”. In other words, Essentialism is a disciplined systematic approach for determining where our highest point of contribution lies, and then with little effort execute on those things.

A great question an Essentialist will ask is “what are the trade-offs I’m willing to make?” A trade-off isn’t a negative.

We can apply this to our daily lives and our financial lives. We can have more. I’m not talking about more stuff necessarily, but instead perhaps less financial stress. Having clarity on our goals and envisioning what our retirement will look like, for example, will cause us to make different or better decisions today to achieve our goals sooner.

If you’d like to chat about the book or talk about making decisions or even financial simplicity, give me a call.

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