This episode is about
making sense of two important concepts: frugality and minimalism.
Frugality means to be economical or sparing with regard to money,
but this definition prompts the question: what are the criteria for
deciding if a choice is economical? Similarly, the definition
of minimalism (to own the minimum amount of possessions) also
prompts a question: what are the criteria for deciding what the
Both these ideas only make sense if they are defined in relation to
your goals and purpose in life. Using examples from
entrepreneurship, I suggest ways to define frugality and minimalism
in relation to your goals.