A question that my husband Thom and I get every now and then is: “Are you guys independently wealthy or did your parents leave you a bunch of money?” The answer to both of them is “No!” As I’ve written before, both of us grew up in blue-collar households and we’ve been self-employed our entire lives. We’ve never once received financial assistance, unemployment benefits or won the lottery. Regardless of whether it sometimes look like we live the life of leisure, let me assure you, we’ve earned everything we have. It wasn’t always easy, and we made a bunch of mistakes early on, but fortunately, that’s changed. Along the way, we picked up some SMART and frugal practices that helped us hang on to much of the money we make. Now we use our money to do things we enjoy, and support people and projects we believe are worthy. I’m convinced we all have the potential to do the same. [Read more…]
This last weekend I faced a big choice. Just over five miles from my home in La Quinta, CA a mega-concert aimed at Baby-Boomers called “Desert Trip” was scheduled. Legendary rockers like The Rolling Stones, Paul McCarthy, The Who and Bob Dylan were slated to perform. Sure, the concert was a once-in-a-lifetime opportunity to hear some amazingly talented icons in the business. However, the prices to attend for a good seat were equally astonishing—at least for me! I did make an effort to buy tickets online within my budget, but when those tickets sold out, I decided to make the best of the situation and try something else I’ve always wanted to do—rent out my house on Airbnb. Did I make the right decision? For me, yes. But how I arrived at that decision is something that I need to remember over-and-over as time goes by. [Read more…]
A recent article in Money Magazine listed four simple strategies that many millionaires use to get rich. While I have nothing against being wealthy, I believe that finding meaning and purpose, achieving happiness, and discovering our unique rightsized lifestyle is far more important. But interestingly enough, the four tips offered by Money Magazine actually translate into four keys for living SMART 365. So, even though my examples won’t be the same as those shared in the magazine, the similarities are remarkably close. Ultimately, these four lifestyle hacks can help to make each of us more financially secure regardless of our age. Even better, they can lead to a more stress-free and right-sized life at the same time. [Read more…]
Thom and I are off enjoying some “rightsized travel” so I invited another blogger friend who is living a rightsized life to share her ideas. Terri Webster Schrandt lives in Sacramento, CA and like all rightsizers, offers a unique perspective on what the lifestyle looks like in a person’s life. Thanks Terri for sharing another version of rightsizing with all of us!
Kathy and I originally met in person at the BAM (Bloggers At Midlife) 2016 conference in Las Vegas. We found each other to be kindred spirits as well as neighbors living in California!
After reading Kathy’s book Rightsizing: A SMART Living 365 Guide To Reinventing Retirement I easily identified the ways I have also rightsized my life. A big key for my semi-retirement was being able to retire from my day job of 32 years at the relatively young age of 55. After paying into the CalPERS (public employees retirement system) for years, I now receive 65% of my income as a pension. [Read more…]
Every summer my husband Thom and I rent a home in the mountains for a month. Then for a change of pace, we rent a cottage at the beach after that. Neither are fancy, but they are fun and comfortable. While I love my home in the desert southwest, it can be brutally hot during the summer, so escaping to somewhere cool when it’s scorching outside is a dream come true for me. And because we’ve “rightsized,” the cost fits easily into our budget.
But a question we always get is, “Oh, are you staying at your second home?” We happily answer “No!” That’s because when we visit these locations, we like to have the option of changing destinations and properties. Best of all, we like the freedom of not having to spend the time and money managing the property for the remainder of the year. These reasons and more prompted me to consider: is buying a second home, an RV or a boat SMART? [Read more…]
My husband Thom and I love to travel almost as much as we enjoy rightsizing. But the two ideas are not mutually exclusive. In fact, because we rightsized our lives some years ago, we can now travel more and in better form than ever before. So, if you’ve always dreamed of traveling more, but never seem to have the time or money, perhaps what you need is to rightsize your next trip.
First, I must recommend that you rightsize your entire life. What do I mean by that? If you are new to this website and unfamiliar with rightsizing, here’s a short definition: Rightsizing is taking the time to focus on what really matters to you and brings you happiness—and at the same time reducing and then eliminating everything that brings you down and sucks the joy out of you. [Read more…]
Cohousing isn’t a new concept. In fact, humans have been coming together in community for thousands of years to survive and thrive. What is new is that these days many of us have grown so independent and disconnected that we’ve forgotten why community is important in the first place. Maybe when we are young, busy, and focused on the needs of one’s immediate family, that isn’t so important. But eventually, if people begin to value experiences, relationships, and good health more than the stuff they accumulate and the accolades they obtain as they age, things start changing. That’s when being a part of a strong and vibrant community starts sounding more and more appealing. It’s also when the idea of cohousing may pop up as a solution. Is it a key to helping people age better? Those who have embraced it say, “Yes!” [Read more…]
Like I mentioned last week, while I’m out of town I’m happy to introduce all of you to another SMART blogger named T.O. Weller (Tracey) who lives in a tiny town north of Toronto, Canada with her husband Kip and sweet dog George. Not only has Tracey become a close friend, she also lives a SMART and rightsized life. Thanks Tracey for allowing me to share another version of rightsizing!
Two incredibly significant events took place one year ago: we embarked on our adventure in the woods, and Kathy and I met on Facebook. (Carl Jung would call it synchronicity: the two events have no causal link, but are meaningfully connected.)
Kathy was working on her latest book—Rightsizing—and as I got to know her work, it dawned on me: we were rightsizing! Not only did her philosophy resonate, but I thought the word itself was a perfect way to describe the ‘what’, the ‘how’, and the ‘why’ of it all. [Read more…]
For the next couple of weeks I will be out of town and I’m happy to introduce all of you to another SMART blogger named Lizzie Lau. Liz is a part-time resident of La Quinta, CA when she’s not traveling the world with her daughter. From the moment we met, I knew she was living a rightsized life. This post about “pura vida” says it all. Thanks Liz for allowing me to share another version of rightsizing!
Costa Rica has always been especially alluring to me. There is something about it that makes me want to go there and hang out. It’s on my bucket list, and ideally I’d love to take my daughter there for an extended visit to help her learn Spanish. It’s not just the beautiful scenery, beaches, cloud forests, hammocks and ocean breeze that call to me. It’s the vibe, the Pura Vida.
The young couple who live across the street from me are selling their home. I’ll be sad to see them go because they’ve become friends and we’ve watched their son Timmy grow from a toddler to a boy. Where are they going? They’ve decided it’s time for a bigger house in a more affluent neighborhood. Of course, it’s hard to sit in judgment after doing something similar years ago. Still, I hope they never find themselves so pressed for time that they forget what gives life meaning, and instead becoming slaves to a big mortgage and extravagant home expenses. In other words, I hope they never find themselves house-broke and unable to do anything about it. [Read more…]