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Embracing the “Asset-as-a-Service” Lifestyle: A Guide for the Modern Minimalist

Kelvin Yeong
3 min readDec 15, 2023

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Introduction

The modern era offers an intriguing opportunity to live a life rich in experiences while owning less. The “asset-as-a-service” model, championed by companies like Uber and Amazon, is reshaping our approach to possessions. This blog post explores the depths of a low possession lifestyle, bolstered by the convenience of modern services.

Why Choose an “Asset-as-a-Service” Lifestyle?

1. Environmental Responsibility:

  • Shared Transportation: Using services like Uber or public bikes reduces the need for personal vehicles, cutting down on emissions.
  • Digital Media: Streaming platforms like Netflix and Spotify eliminate the need for physical DVDs and CDs, reducing material waste.
  • Clothing Rentals: Services like Rent the Runway offer high-fashion with less environmental cost.

2. Financial Freedom:

  • Avoiding Depreciation: Cars and technology rapidly lose value; using services avoids this financial loss.
  • No Maintenance Costs: No need to pay for repairs or upkeep of items like cars or large home appliances.
  • Subscription Over Ownership: Pay for what you need, when you need it, instead of…

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Kelvin Yeong
Kelvin Yeong

Written by Kelvin Yeong

Explore the journey of life as a marathon runner, e-commerce business owner, and Big4 Partner. Join me for interesting insights.

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