I've long decided that retiring at 67 or more is no way to live and turned contractor to save up and retire a bit earlier, if possible.
In a way that is done - I've paid off my primary mortgage, but there's obviously lots to be done - the car is an old clunker and there is no escaping that life still costs even w/o the rent.
As part of my business, I have gradually grown into a habit of spending more to earn more and a part of me now wants to downscale that high-stakes life.
So a potential plan is to get a lower paid (or ideally just less hours) and more time at home and in exchange curb spending a bit.
But this probably won't work for a few reasons:
a) the clients usually can't be bothered with some strange arrangements such as every other Tuesday except full moon - they usually need the job done asap
b) the lazy part of me won't be getting out of the house much if I don't have to, not even to socialize
c) the lavish part of me won't take the spending curb lightly
Has anyone succeeded in downscaling and how did it go?
If you had a choice would you want to just earn more and more or consciously downsize a bit at one point?
In a way that is done - I've paid off my primary mortgage, but there's obviously lots to be done - the car is an old clunker and there is no escaping that life still costs even w/o the rent.
As part of my business, I have gradually grown into a habit of spending more to earn more and a part of me now wants to downscale that high-stakes life.
So a potential plan is to get a lower paid (or ideally just less hours) and more time at home and in exchange curb spending a bit.
But this probably won't work for a few reasons:
a) the clients usually can't be bothered with some strange arrangements such as every other Tuesday except full moon - they usually need the job done asap
b) the lazy part of me won't be getting out of the house much if I don't have to, not even to socialize
c) the lavish part of me won't take the spending curb lightly
Has anyone succeeded in downscaling and how did it go?
If you had a choice would you want to just earn more and more or consciously downsize a bit at one point?
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