Make sure downsizing is right for you before you take the leap.
Let’s face it: the word downsizing often conjures up images of loss or failure. But what if the definition of downsizing in retirement really means a step up: freedom from hassles and overhead with the flexibility to do and be more of what you want in this next stage of your life?
Here are five things to consider before you put up the “for sale” sign: Read more
True wealth is the freedom to spend your days doing what you’re passionate about and what you think is important. If you are not living within your means and your cost of living is high, you may have no choice but to keep slogging away at the job you don’t like. But if your costs are low, you’ll find it easier to save money and you’ll be in better shape if you get laid off. You’ll need a smaller nest egg to retire in comfort, and you may have the financial freedom to take a lower-paying job that you like.
But store up for yourselves riches in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. Matthew 6:20
Want to get your living expenses under control? Try these three steps: Read more