Are you facing a transition in your life? If yes, you might be interested in a new book I’ve just finished by a fellow blogger named Patricia West Doyle. Pat is the author of Retirement Transition—An Innovation Approach. And even though I’m not yet retired, I still found a few ideas in it that could prove valuable to others—especially those of us facing a transition. Of course, when you think about it transitions happen repeatedly to all of us over the course of our lives. So why not prepare before we’re in the middle of one? [Read more…]
Are you a victim of “lifestyle creep?” No matter how good a rightsizer you are, and I tend to think I’m usually pretty good at it, chances are you occasionally find yourself slipping into the creep now and then. I know I do. That’s because in our culture, nearly all of us are continually lulled into slowly but surely living just a little more comfortably, a little more extravagantly, a little more indulgently than in the days, weeks and months before. How does that work?
Slowly over time, any spending that starts out as a splurge—like a $4.50 latte at Starbucks to treat ourselves, a pricey bottle of wine to celebrate, or going out to dinner on a special occasion—can gradually become an almost daily necessity if we make them routine. Those acts are often triggered when we start making a good salary or get a raise. After all, we have the extra money, right? And as that “creep” of spending just a little more than yesterday becomes a new norm, we often find ourselves needing more and more such “rewards” to keep us happy and satisfied. If we aren’t careful, we can reach retirement with nothing to show for it. Fortunately, I believe a good cure for the dreaded lifestyle creep is to stay as mindful and focused on rightsizing as possible.
Some of you might not know that I have been a licensed real estate broker for the last 35 years. While I did sell a number of homes in my time, I am a far better researcher than a salesperson. That’s why I first began writing about real estate, and then eventually created my own writing business from there. And although I have written volumes about that topic over the years, I gradually transitioned into writing about other subjects I enjoy even more. Still, real estate has been very good to my family, many of our friends, and where we hold our primary retirement funds. So it always surprises me when I read so little about the advantages of real estate investment as a great strategy for retirement. Why? Maybe there aren’t enough of us pointing out how real estate investing can be a golden goose for your retirement over stocks and other investments.
This week I’m happy to introduce you to Michele Vosberg as my guest blogger while Thom and I are traveling. Michele is one of the most recent bloggers I began following in 2018, but when I began reading her posts I knew without a doubt that she fits into the SMART Living lifestyle. With a strong intention to help people become all they are meant to be, her blog Life Redesign101 is sure to help any of us who appreciate self-awareness and personal growth. Thank you, Michele, for filling in for me and sharing some of your ideas about rethinking (and rightsizing!) our goal setting for the future.
This is the time of year that many of us are focused on goal setting for the new year. At this stage of life, we are likely accomplished goal setters. We have successfully navigated the demands of the working world. We’ve also successfully juggled the responsibilities of caring for homes, children, pets and even parents.
We have manipulated our Day Planners and multi-tasked our way through many projects and life challenges. We don’t need another lesson on S.M.A.R.T. goals (not to be confused with SMART Living!) We don’t need a bigger planner with more hours in the day. We want to get off the hamster wheel, live in the moment and enjoy our lives without checking off our accomplishments on an endless to-do list. [Read more…]
As many of you know, I’ve been writing about rightsizing for several years now. The concept of rightsizing constantly helps me to focus on designing a meaningful life journey—not a particular destination I’ll ever fully experience. So when I recently came across an article about how values offer a similar perspective, it caught my interest. I’ve since learned that values, like rightsizing, are a direction. Sort of like getting in the car and heading north. You might be more north than you were yesterday, but you’ll never arrive. Once we discover how to live our values or how to rightsize our life, we are better able to appreciate the road we are traveling, regardless of whether we hit a few road bumps or we ever even reach a final destination. [Read more…]
A favorite parable of mine is the story of a poor farmer who owned a horse. One day the horse broke free and galloped away. All of his neighbors witnessed the calamity and rushed to his side to sympathize with him for this misfortune. He simply responded with a shrug and said, “Maybe yes. Maybe no.” That story illustrates just one of the valuable points made in the book The Geometry of Wealth – How to shape a life of money and meaning by author and investment educator Brian Portnoy, Ph.D. While most of us are familiar with the assertion that beyond a base level, money doesn’t make a person happier, Portnoy offers a more thorough perspective. At the same time, he reminds us that there are usually at least two sides to every situation. And it appears that money may be exactly the same. [Read more…]
As many of you know, Thom and I recently returned from a trip to Ajijic, Mexico. Like every place we travel and enjoy we tend to end up looking at local real estate. Sure we have a background in the business, but in this day and age I believe lots of people have toyed with the possibility after watching television shows like House Hunters, International. Who doesn’t dream now and then at living somewhere exotic, in a unique and special property? This visit we seriously considered buying a Bed & Breakfast Inn attached to the apartment where we stayed. Not only was the property for sale, it is located in a great location, is in excellent condition, has great income potential and plenty of romance to make the purchase intriguing. We even contemplated converting it to co-housing where we live part time with a bunch of fun-likeminded people. And with our background, we know we could figure out how to buy it if we set our minds to the task. But the thing is, just because you can do something, doesn’t mean you should. [Read more…]
When I started this blog seven years ago I didn’t really know what to expect. All I knew was that I wanted to begin writing about topics that mattered to me. Of course, I hoped others would find them interesting and helpful, but one never knows for sure. The idea of rightsizing had never even occurred to me at the time, and neither did I have that much interest in positive aging. Fast forward seven years and I still find myself drawn to ideas that are encouraging, intriguing and uplifting to both myself and others. But along the way my interests have deepened and broadened in ways I never imagined. So if on this seven-year anniversary (or birthday) of my blog you will humor me a bit, I want to look back over the years to recap a few highlights. Your reward for indulging me is a short quiz asking what YOU like, and a free gift. [Read more…]
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…]
This week SMART Living 365 is pleased to introduce you to Haralee Weintraub as a guest blogger while I am traveling. I’ve followed Haralee’s blog Haralee.com for several years now, as well as admired her business that makes sleepwear for women. I consistently enjoy her commentary on current events, her sense of humor, and her perspective on life. It’s also obvious that she has rightsized her life, so naturally, I asked her to share her perspective with all of you. Thank you, Haralee, for filling in for me and offering a different look at rightsizing.
My name is Haralee and I am honored to fill in with a post while Kathy is vacationing. Kathy’s posts tend to be thought-provoking, well researched and inspirational. She also walks the talk of “Rightsizing,” and has several books to prove it. She has this all going on and she chose to go out on a limb and asked me for a post! Trust me I am not self-deprecating here. My posts are sometimes funny, whining or just musings, but have no books to my credit and I don’t use inspirational quotes. I am, however, a firm believer in rightsizing, so here we go!
Fashion and Rightsizing. It may sound like I am going to tell you not to shop or buy new things but I am not. What I would like to talk about are alternative shopping experiences. [Read more…]