The Biggest (Money Meets Life) Decision Many Semi-Retired People Will Ever Make
Or is it life meets money?
As I clearly implied in yesterday’s admittedly uncomfortable story, moving is absolutely out of the question for large numbers of people. And—for a large number of these large numbers of people—moving should be absolutely out of the question.
Maybe you’re—
All set on housing. Moving would mess up a favorable situation.
You really love where you live and are willing to pay a premium rather than move someplace less expensive.
You truly want to be close to family. Not due to anxiety, guilt or shame (see yesterday’s story!), but because that’s part of who you are. You could not imagine moving away.
Or maybe you fit into a category I didn’t include here that logically rules out the possibility of moving.
But maybe you’re—
Young and facing a lifetime of renting because there’s no way you can afford to buy a home in the parts of the country where you’d actually like to live. Renting works today, but it won’t work—financially—into and beyond relative old age.
Old and in pretty much the same situation.
You crave a lifestyle you can’t have where you presently reside.
Or some mix of all of the above (you can be “young” and “old”) as well as something else I didn’t mention.
Then, you probably need to do something. At least, I will argue that you probably need to do something. It’s a money meets life argument. Or is it life meets money?
Without moving, there’s no way I can be semi-retired—the way I want to be—for the duration of my life. In fact, if I stay in Los Angeles, I might be doing myself more than a personal financial disservice.
Thinking about daily routines. And the difference between ones that become monotonous (i.e., the grind, a rut) and ones that make you want to wake up in the morning.