A recent article in Money Magazine pointed out that many Millennials are obsessed with retiring early. In fact, this growing movement of those in the 21 to 37 years of age are convinced they can do it now, and quietly disdain those who wait until Social Security. With dozens of FIRE (financial-independence/retire-early) links exploding on the web and on Reddit.com, this idea is drawing in fans like flies. Yet, even though I applaud their desire to get out of the rat race and free themselves from debt, I find myself questioning why so many are convinced that retirement is the ultimate solution. From my perspective, we don’t need to retire or be completely financially independent in order to live our best life now—but it’s essential we take the time to Rightsize. [Read more…]
10 Reasons Why Rightsizing Is The Perfect Path To A Happy Retirement
In case you are wondering, I am not a financial advisor. Most retirement “planning” comes from people who would like to manage your finances. That approach tends to put the focus on how much money you make, how much money saved, and how much you need in the future to maintain your current lifestyle. Rightsizing, on the other end, downplays money and instead puts the focus on what is most rewarding in your life.
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In Praise of the Frugal
Choosing To Be Time-Rich Instead of House-Broke
How Rightsizing Can Help You Save For Retirement
Seven Blocks To Living A Rightsized Life
How Minimalism or Rightsizing Prepares You For Retirement
One of the stories I can vividly remember my father telling me years back was related to his pride at managing his money in retirement. At the time, both my father and mother lived on their social security and some modest savings held in a 401k. Dad frequently bragged that he lived better, traveled more, and seemed to have more fun than many of his friends who retired with big homes and generous pensions. From my perspective, at least at the time, their lifestyle seemed more humble and restricted than I felt necessary. Yet now, less than 20 years later, I recognize that their simple and minimal lifestyle afforded them tremendous benefits that millions of other “hope-to-be-retirees” could learn from—including myself. [Read more…]
10 Awesome Things At 60 I Never Had At 30
7 Pitfalls To Avoid When Rightsizing Your Home
A friend of mine is currently in the midst of selling her long-time family home and moving. Yet while I believe she “gets” the many benefits of rightsizing, I can tell after talking with her that several issues keep popping up that make her hesitant. That’s completely normal, because in many ways, rightsizing is contrary to what most of us have been taught. The good news is that once you know what to keep in mind, rightsizing not only becomes the easiest choice, it is also the one that leads to the greatest benefits.
What do we need to remember when it’s time to make a move? [Read more…]
Five Ways To Slay The Succubus of Crippling Debt
Okay I’ll admit it—Thom and I enjoy tales of the supernatural. For years we watched Buffy the Vampire Slayer on television. Together we’ve seen all sorts of movies and shows about werewolves, vampires, aliens and all sorts of bizarre characters doing all sorts of strange things. Most of them are pure entertainment. However, one of the more sinister creatures is called a succubus. While never fully fleshed out in most episodes, it needs little description. Simply put, a succubus is something that sucks out the very essence and joy of a person in all sorts of horrifying and painful ways. When you think about it, oppressive debt feels exactly the same. The good news is that just like how Buffy knew ways to slay vampires, there are at least five ways any of us can rise above even the worst sort of debt succubus on the way to a happy life. [Read more…]