Lauren and Steven Keys attained financial freedom in their twenties through minimal spending and focusing on joy-filled living rather than mere saving. Prioritizing experiences over tangible possessions, they reduced unnecessary expenses, allowing them to increase their investments. Their disciplined financial planning and conscious living have made them financial independence achievers at a young age.
They have spent a mere $26,000 a year for a decade, far below their combined income of $80,000. Despite this frugal living, they insist they never felt deprived. They have proved that living below one’s means is possible without making sacrifices, having a strict budget, or obsessively controlling expenses.
The Florida-based couple fostered happiness with less wealth by eliminating extravagant possessions and seeking contentment in a simple lifestyle.
Achieving financial freedom via minimalistic living
They shifted their focus from accumulating wealth to cherishing experiences over worldly possessions, resulting in joy from minimalism that contributed to personal growth.
Living a minimalist lifestyle did not only maintain their financial independence but also improved their emotional well-being. Even when their income grew, they chose to save the excess and sped up their journey to financial freedom. They resisted the allure of material possessions, realizing that the power of compounding and the patience needed to grow wealth over time are essential.
They managed to save by controlling their housing, transportation, and food expenses. Sharing costs by living together after college contributed significantly to their financial success. Their leisure activities were more home-oriented, like hosting friends rather than going out, which offered a range of alternate options like potlucks, movie marathons, or simple gatherings over tea.
Their practical and uncompromised quality of life reflects their journey to financial independence. This freedom has enabled them to visit all the National Parks across America, living a life filled with excitement and exploration.
