Downsizing to Accelerate Other Financial Goals

Sourced from https://www.thesimpledollar.com/downsizing-to-accelerate-other-financial-goals/

One of the most effective strategies for really accelerating your progress toward your financial goals is to make a major downsizing move, one that will free up hundreds of dollars a month and/or quickly produce thousands that you can instantly apply to progressing toward your big goal, whatever it might be.

For many people, that’s retirement. A person in their 50s or early 60s with some solid money in the bank and a desire to have plenty of time to enjoy life without work while still in good health might want to take that final leap over the threshold to the amount they need to retire on while also reducing their monthly expenses.

For others, it might be something like a house down payment, the funds to go back to school for a few years or the funds to launch a business idea they’ve had for a while.

Whatever your big goal is, a significant drop in your monthly bills or a quick influx of cash can make all the difference, but the price can be costly, … Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.