Tag: retirement tips
Struggles as a couple in Retirement (and how to overcome them!)
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise Retiree Tips and Tricks
envision a pair the same age both 55 desiring to function till 65 and after that all of an unexpected among them is release to downsizing you recognize this can wreak havoc in a lot of various ways first the financial impact second it has an ego effect third it has a connection effect as well as you recognize don'' t put on ' t mismanage that'self-esteem because that ' s truly hard for people when retirement is not their decision [Music] many people eagerly anticipate retiring most of us have fantastic visions of much less tension as well as even more time to do what we desire to do but suppose your plan to retire doesn'' t accompany your partner ' s timing due to an age distinction or what happens if due to downsizing among you was forced to retire earlier than you plan or finally what happens if you have different frame of minds concerning retirement and also what it looks like for you as a pair moving on you understand these three challenges can damage what'' s supposed to be the most effective years of your life as well as mishandled they can develop tension anxiety and also actually unpredictability to your future together today we'' re mosting likely to aid you better recognize these three challenges and what a most the emotional side seems like for both of you and after that at the end we'' re going to give you 3 approaches to resolve it and also 7 pointers you can use to overcome these obstacles so that you have a smooth shift right into retirement hi my name is jody rollins and i'' m mark rollins we began retirement transformed in 2017 not only for us however actually for every one of you and also the other 10 000 people that are turning 65 every day we put on'' t concentrate on the economic aspects of retirement yet instead way of life health connections and a lot a lot more so if you'' re below please hit the subscribe button to ensure that you can get informed when our brand-new videos appear okay so let'' s take on the first one what we call the age void retired life as well as it ' s much more typical than you believe individuals are retiring at different times because of different age differences a whole lot of couples we instructor are like that we have a customer going via this today he'' s retiring this year he ' s 65 and also his wife possesses her very own consulting business as well as she'' s going to benefit an additional one decade since she'' s younger that ' s her strategy and she ' s staying with it and also you know it ' s clear that he needs a strategy for the'following ten years and also she ' s mosting likely to wait and also remain to function she ' s rising via her job but he simply can'' t rest around all day questioning what to do or expecting her to fill his day he requires to respect her decision and produce a plan for himself yeah as well as she likewise requires to have some versatility also she requires to locate time as well as enable them to maintain their connection to life and also dynamic you understand he really does deserve it and also we tell him that he helped 40 years and he is worthy of to retire this following ten years for them will be important and also it it'' ll be essential that they obtain it appropriate with some genuine conversation some preparation and also without that they'' re mosting likely to find themselves in problem now the 2nd challenge we desire to cover is what we call the forced void retirement envision a couple the exact same age both 55 wanting to work till 65 and afterwards all of an abrupt one of them is release to downsizing you recognize this can create havoc in a great deal of different ways initially the financial impact second it has an ego impact 3rd it has a relationship impact and also you know put on'' t put on ' t mismanage that self-confidence because that'' s actually hard for individuals when retired life is not their choice yeah and also we have some individual good friends in this situation today luckily they'' re economically protected but nevertheless they'' re browsing all the emotions and also the modifications in their lives throughout this duration so pay attention remain to the end where we'' re mosting likely to provide you three approaches to aid you resolve these unexpected obstacles in retired life as well as we additionally have the seven ideas to help you navigate through retirement so until now we spoke about forced layoff of one companion and in very early retirement due to age difference currently let'' s speak about the 3rd space which we call way of thinking space retirement this is where you simply can'' t seem to hop on the exact same page with your with your partner as areas to the retired life vision yeah and what happens if we what happens if we can obtain what if we can'' t get in alignment on your physical health insurance plan one of you is a fitness center rat and also the other one is sedentary or one of you wishes to scale down and also travel and the other does not yeah the listing might continue things is when you retire you'' re gon na have the time to do a number of the points that you intended to do alone as well as with each other however if you'' re not on the exact same page you might conveniently discover yourselves in a hard spot whatever the situation is that you may be in you have to discover a method through these obstacles you wish to create a strategy for yourselves and also a strategy together as a pair so that you can capitalize on the following 30 years and also pay attention there'' s the happiness aspect it plays a critical element as retiring is a milestone that ought to develop happiness not problem and tension you recognize i assume if we reflect on the spaces and also if you as well as i are honest we fall under at the very least 2 of those space classifications we do we do i acknowledge the the age gap you'' re seven years more youthful than i am and also while it'' s not a substantial gap i was all set to retire as well as you weren ' t no i really felt that i still had many turning points in business america that i wished to take on and several jobs to lead and individuals to mentor therefore much even more to offer however i retired anyway on the same day as you due to the merger of my business right and it was rough initially and we'' re going to undergo some strategies since we used as well as you can use them as well to make sure you can get with this phase in a much far better form so the initial approach you can use as well as you can utilize this in all walks of your life is simply ordinary as well as easy communication you need to rest down and speak you recognize you need to speak about expectations you need to speak about top priorities needs goals and also sometimes that'' s easier stated than done so setting a few guideline with your companion truly assists a great deal we'' re not evaluating each other we'' re just going with some ideas as well as determine what you settle on job on where you'' re up in arms but take the wins if you settle on something that'' s terrific where you'' re at odds you need to resolve that a little longer and also possibly supply up what'' s negotiable to find an excellent course forward you understand set a timetable that benefits both of you to see family right so if you'' re in that retired life where maybe you ' re an age gap retired life among you is still working the other can travel freely to go see children and also friends and family ensure you set a routine that helps both of you to see friends host close friends see family traveling grow learn you have to establish a strategy that benefits both appropriate the second strategy after interaction is to truly collaborate these routines sustain each other as you build brand-new routines regardless of which space you'' re handling discover time to appreciate activities with each other yeah and you can likewise construct brand-new habits for lasting wellness and health start doing some points with each other test each various other with routines that sustain long life living and also long life understanding we'' re cycling now or practicing meditation or gosh we'' re doing so among us is doing yoga exercise as well as the various other won'' t join you ' re doing yoga as well as i'won ' t sign up with yet i ' m biking however we'' re you know we'' re doing a whole lot we'' re eating better we ' re doing a whole lot with each other we'' re pressing each various other which is actually healthy and balanced and we ' re building those routines the 3rd approach is to find your rhythm as a pair right so we got ta do that what do i suggest by that determine your greatest as well as most affordable energy times of the day as well as collaborate your activities appropriately again if one is still functioning and also one is at home you recognize if your greatest energy is both of you in the early morning and also you'' re apart you ' ve reached find times of weekends or day offs to to type of coordinate that rhythm hang around crafting your identification in retired life alone along with with each other as a couple pay attention the other thing you can do as a pair is build something with each other you recognize i'' ve always wished to do that you constantly wanted to develop a chair a bench or something yeah we purchased two chairs for the front patio and i put them together alone you viewed i wear'' t know why didn ' t you assist me i don ' t know alright well but you men could attempt that however take up a sporting activity as a couple workout with each other again we'' re biking and also i wish to keep repeating it however we are trying to do some things with each other because we do points alone too find something anything that you both delight in and also do it with each other so those are 3 very easy suggestions that we use to navigate the spaces but you recognize any type of shift in life like retired life living together for the next 30 years a long period of time totally retired couple or perhaps a partly retired pair navigating the gaps takes a great deal of job right so we'' re going to give you seven tips to help number one endure each various other and also each other'' s schedules retired life pays for flexibility so if one'' s retired and what isn ' t give each other the room the person who ' s still functioning has points they require to do and also the one who'' s not that ' s not functioning has a great deal even more flexibility the second thing is to observe changes in sensations habits behaviors as well as communicate regarding it we can'' t stress and anxiety sufficient just how crucial it is to open up those lines of interaction throughout this time around of life the third thing 3rd pointer is put on'' t make any significant decisions concerning your routines without taking a pause like board solution or volunteering or obtaining a job maybe just take a time out as well as see if that'' s truly what you intend to do and collaborate that ideal coordinate the various other person you know don'' t seek to your partner to fill your routine so also if you both retire at the exact same time as well as there are no voids it'' s not the other individual ' s commitment to load your day right it'' s not their job it'' s yours this is where the regimens enter play the 5th pointer uncover some passions that are on your own or with buddies so go beyond your partnership and find some things to do with your buddies or your close friends the 6th point is to always support each various other if something new hits the routine or regimen for your companion and also it'' s in the pail of health or health or perhaps knowledge sharing assistance it because it will be very important the last one number 7 as well as we do this every single early morning is we utilize our schedule to secure in essential days events regimens things that we intend to do separately and also together so that we understand where we each are for the day and also the week it truly is essential to do that to ensure that was all 7 that was all seven so if you people appreciated this please share it with your pals and also please subscribe by striking the subscribe button below as well as finally join our cost-free facebook community the web link remains in the notes listed below many thanks for listening and we anticipate being with you once more
Transitioning to Retirement Part 2 (1 to 5 years before retirement)
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise Retiree Tips and Tricks
yeah pastimes is a large thing since a great deal of people claim i wear'' t understand what i ' m going to perform in retired life because i have no hobbies but they ' ll say i wear ' t play i have no leisure activities so you need to you ' ve obtained five years to begin to assume about that a lot of people wait till it ' s far too late as well as there ' s so much anxiety on'them they have no hobbies they don ' t understand where they desire to live they ' re not talking with'their spouse we intend to prevent all of that today we ' re discussing transitioning into retired life as well as this is sequel of our three-part collection if you bear in mind as well as if you watched it the very first part is 5 to ten years out today we'' re mosting likely to focus on your planning and things you require to do one to 5 years out before you leave your company as well as enter this third phase you know this is going to be a tough shift in your life if you aren'' t ready and if you put on ' t strategy when we entered this stage we searched for aid we looked almost everywhere but the only point we could locate was economic planning assistance which'' s not what we required and also that'' s why we started this business because we understood we were battling a bit and also had to figure out just how to pivot to make this time around of our life just as good as maybe so here we are retired life transformed partially one which was 5 to 10 years out we offered you 4 approaches to work with the initial was preparing the secondly was comprehending dangers as well as when we speak about risks in retirement it'' s things like your loss of identity as well as producing a new identity your loss of neighborhood and creating a new community as well as those 40 hours of spare time that everybody returns the other thing was building a vision for your retirement five to 10 years out you intend to begin assuming what is it mosting likely to appear like and you likewise the fourth thing is begin thinking of habits and routines what are some great routines you desire to advance what are some poor ones you need to stop we desire to see to it you return and also see that episode the web link is pasted below in the notes so we'' re going to develop on those approaches today as we take a look at the one to 5 years out you understand and in this timespan by now one to five years from your retirement date you do need to have an economic organizer in location therefore you have the economic coordinator your vision should begin being clear and assuming it'' s your selection to retire you have an amount of time and a date you know you have to start obtaining comfortable with the concept as well as obtaining even more general clarity time is going to pass really quickly now you know we both retired a lot earlier than we thought as well as since of that we weren'' t prepared you understand i was at the optimal of my occupation and also i chosen to offer my company i was 55 years old and i prepared on working one more 10.
Every person wishes to function to 65 right yet i only helped five and you understand concurrently my firm was sold to a competitor as well as i stayed during the combination for three full years yet i located that it wasn'' t mosting likely to benefit me anymore so with each other in december of 2018 we left together and also our entry right into retired life was harsh you recognize we we invested a year taking a trip the globe we went to italy uh florence uh where else are we london london bora bora bora bora was fantastic however we did that we captivated family members as well as buddies for a summertime that seemed like a year we recognized we didn'' t really have a function and also someday we searched in the mirror and also neither of us liked what we saw no we didn'' t we didn'' t we didn'' t we didn ' t appearance excellent and also we didn ' t feel good and also the important things is we put on ' t desire that for you this change is tough as well as the extra ready you are the far better opportunity of success you ' ll have so below ' s some added steps that you must be taking one to five years out prior to retirement currently this originates from our experience our success as well as our failures however additionally from most of the clients that we collaborate with you understand the first point we'' re going to ask you to do and also you might roll your eyes is to get a journal lined up or unlined journal a low-cost journal simply something to start writing in something you can start documenting your thoughts and we'' re mosting likely to offer you a little framework on that yet writing is better than online inputting it start taping your ideas your sensations your battles as well as your successes you recognize the reason that writing is much better than digital is it requires you to in fact reduce you can'' t get words out quickly enough so you need to really think about words and compose them and you keep it better when it'' s electronic even if you'' re an excellent typist you can simply bang them full blast'you ' re not really enabling your mind to reduce down and also focus so journaling as well as creating is actually important it'' s amusing when you said bang them all out due to the fact that you'' re a one finger typer two fingers this one which one anyhow be a location for you to gather your ideas yet more significantly to damage up your journal into containers and i'' ll inform you one of the buckets can include our 5 pillars physical wellness psychological health connections that you intend to grow or release your spouse companion placement or misalignment any place it may be as well as the last container is knowledge sharing you want to begin believing about what is it you'' re mosting likely to do after your occupation ends to get fulfillment to profit every one of your abilities and also your experiences to to to offer others in a manner like what jody as well as i are finishing with this organization as well as you intend to start paying attention to your voice and creating it down as well as we'' re really mosting likely to go deeper on knowledge sharing today because that'' s for the next five years you actually intend to start thinking regarding exactly how that'' s mosting likely to suit your life so this journal is mosting likely to incorporate kind of where you are now and also you'' re going to place some getting to declarations in to identify where you'' d like to be and after that you ' re going to have the ability to do some research study and arrange your ideas right as well as some other locations to place in the journal to begin considering is traveling plans if you want to take a trip create it down as well as figure it out as well as begin thinking of it we have the best travel representative by the method that helps us figure some things out yet you also might desire a villa right as well as you additionally might wish to think where do you intend to reside in the following thirty years appropriate and also just how'' s that mosting likely to effect or influence or include your kids and also family just how does that where you live just how does your area influence your hobbies yeah pastimes is a big thing since a lot of individuals state i wear'' t know what i ' m going to perform in retirement because i have no leisure activities or they ' ll claim i put on ' t play i have no leisure activities so you have to you ' ve got five years to begin to think of that a great deal of people wait till it ' s also late and also there ' s so much stress on them they have no leisure activities they wear ' t know where they desire to live they ' re not talking to their partner we intend to stop every one of that we likewise wish to give you a location where you can take down some aspirational pastimes yeah possibly learning a language or mosting likely to an art workshop or getting a new sport start painting start paint yeah mark'' s making fun of me since i wish to begin paint i just place'' t had the time 4 years ago i provided you the entire painting package the easel and also all of the things as well as they'' re still in the wardrobe maybe i'' ll go now alright alright there you go good 2nd thing to do we'' re mosting likely to concentrate the rest so the very first is the journal that was all the big journals obtain a journal and begin creating ideal and also you recognize compose and then placed it away take it back out again put some tabs in there on these different areas i think you'' ll really appreciate it however let ' s speak about knowledge sharon since this is really a core component of your retired life changed and one of things that we did ourselves as well as we finish with our clients and also we show this in an extremely deep method our on the internet course is to figure out some features of on your own so we want you obtain an empty notepad and we want you to place five columns in there going entrusted to right and the first column truly is to provide all of the jobs as well as the roles you'' ve repeated your entire occupation or your life in the last 30 or 40 years and also occasionally it'' s easy to damage it right into pails the last 10 the previous 10 whatever it may be sales role ceo as well as you intend to return regarding you'' re comfy with i recognize for me i returned twenty years i know for mark he went back to his initial task out of middle college which was cutting grass paper boi oh paper boi paper boi when did you cut yards afterwards because you went all the way back i wasn'' t permitted to make use of lawnmower it was inadequate so you pick the time framework that helps you but because first column you desire to detail all those jobs that you had and after that placed the day since the day the second column the date so you sort of have a referral but truly where it obtains fascinating is the 3rd column we desire you to make a note of what did you love regarding that task what what thrilled you regarding it why did you like it a lot what feeling comes to mind when you think of being a paper kid or cutting grass or appropriate i happen to be the world'' s greatest waitress which assists me assists me be a great mother of six youngsters bring plates the fourth column is probably what did you do not like about that duty since if you didn'' t like it you clearly do not intend to take up that kind of task right or that that service in your retired life if you wear'' t like it and after that the collaborators of enemy is what has this work or function instructed you and afterwards to sum it up you want to experience those sheets and do a whole lot of them choose your leading five it'' s crucial it ' s all we desire you to do is what were the leading five work or roles that you played in the last thirty years to make sure that'' s most likely a rather huge and a quite busy sheet for most individuals the second thing we want you to do is provide your strengths and also worths as they talk with you undergo and detail them and get a top 5 for every stamina or worth and once you have that integrate that with your top five work and also see where you land as well as begin discussing it you'' re gon na begin obtaining a little clarity on what it is you believe you could wish to do the various other thing to do as you'' re writing and also assuming concerning it you'' ve got you know one to five years left of job beginning taking notice of your to your days currently so you reversed now moving forward if you have actually identified sales management as something you like really pay interest when you'' re doing it currently you'know if you ' re a financing person as well as you enjoy servicing spread sheets is that actually what you see yourself doing after so it'' s truly vital it makes makes me think about that what was that book that uh we read um knowledge at the workplace by chip conley yeah we'' ll placed those write below wisdom at the office by chip conley the making of a modern-day elder an incredible read it'' s a truly interesting publication concerning his duty in airbnb as well as the other thing to do throughout this stage if you'' re not already is begin volunteering at all form or develop you recognize maybe at the food bank it might be anything however you wish to locate a way to offer board service well i'' ll tell you it makes it less complicated to find your offering niche after you'' ve returned and also you'' ve looked at what inspires you in different duties as well as what your core worths as well as proficiencies and also where you obtain your juice from and afterwards you identify exactly how much time you have now with the one to five years still functioning and after that you determine how to introduce into an offering duty and also every community requires you currently look these following 5 years are mosting likely to be a challenging time they'' re going to go quick we wear'' t want you simply to coast and all of an abrupt end up thinking oh my god i'' m leaving in year the following video clip has to do with the last year but we desire you to do every little thing we discussed in the initial video and also this to obtain you all set for that as well as that way you'' ll land in this stage completely ready and pay attention if you appreciated this please show to your close friends as well as additionally please subscribe by clicking the subscribe switch listed below and don'' t fail to remember to join our cost-free facebook community the link remains in the notes as well it'' s a fantastic area to begin to build a neighborhood for your retired life phase many thanks a lot for paying attention and also we eagerly anticipate being with you once again quickly youRead More
The Balance of Living in Two Homes in Retirement
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise Retiree Tips and Tricks
however pay attention um having 2 houses is wonderful and it'' s transformed the means we live drastically you know we'' re much healthier and also we ' re better and we really really feel a lot more tranquil and it'' s also been a knowing experience and some job to obtain convenience in possessing two homes [ Music] we made the decision to live in 2 separate areas and also in the beginning it might sound amazing fun as well as perhaps also exotic and it is it can be all those things and also even more yet it didn'' t come or doesn ' t come without dangers there ' s anxiety and also a specific level of anxiousness you know when you own one house there ' s certainly a great deal of work you require to do to keep it up but having two virtually increases nearly everything you have to do as well as it can come to be frustrating sometimes we have good friends that have 3 and also 4 residences i know today we'' re mosting likely to stroll you via a method to make it simpler and also bring a balance to living in two places for the past seven years we'' ve experienced downsizing our large home in New York City which was a five room home and acquiring a villa in connecticut it'' s a three-bedroom residence and afterwards we vacated new york completely making connecticut our main which we discovered was also small and afterwards we in fact upsized connecticut as well as added an office for retirement transformed as well as and another bedroom which is always helpful and now moving our long-term home to florida to a three-bedroom with an airbnb spillover more on that later yeah every one of this took thoughtful conversations not just in between jody as well as i however actually we included our six kids and also their loved ones and with some of our close good friends and also extended family we intended to see to it we did this the proper way it wasn'' t a simple choice now we totally welcomed owning these two residences you recognize the huge modification for us was the awareness that none of it needed to be permanent as well as none of it had to be forever it could change or be reversed at any time and we were dedicated simply to live our best life ever before especially now while we'' re still active and also healthy and balanced and by the means for those of you that are new right here today my name is mark rollins and i'' m jody rollins and also we started retirement change in 2017 not only for us however for every one of you as well as the 10 000 individuals a day that are transforming 65.
Currently we put on'' t concentrate on the monetary elements of retired life yet instead way of life health relationships and also even more and if you'' re new right here please hit the subscribe button as well as obtain informed when all of our brand-new video clips appear so allow'' s delve into exactly how you and also i and also others that we understand are creating equilibrium when having new house as well as the initial balancing act focuses on your funds right you need to start there this should function and it simply can'' t be a stress on'your funds you ' re not mosting likely to appreciate it so you wish to see to it you collaborate with your economic organizer as well as your accounting professional to ensure you ' re doing the best point and you know if you think of it there are some significant financial considerations you understand do you get a home mortgage what are the rates do you pay cash money do you have that do you desire a home or a condominium one comes with costs perhaps they both include charges do you want to rent or acquire or do you actually intend to go and build a residence so there'' s a great deal of points to think about there and also some individuals really desire to build a residence because they ' ve always intended to develop a house as well as truthfully it ' s a fantastic task to carry out currently the various other questions to think of is do you scale down where you live currently as well as get a bigger second residence every one of these considerations the one that jody stated in me is that you'' ve you ' ve got to all these factors to consider enter play however here ' s things you require to be intentional regarding everything that you do can'' t just be you understand possibly we'' ll attempt this maybe we ' ll try that and also now with the real estate market as hot as it is possibly renting makes sense for awhile the 2nd balancing act focuses on your objectives if it'' s not remove what your objectives are and also honestly if you'' re not in sync with your companion it'' s going to be a hard thing to pull off you understand some inquiries to ask is why do you even wish to consider this this concept of having two homes you know if you'' re not hundred percent persuaded and also my suggestions would certainly be to go slow-moving you know why do you want to do this does it please a need or is it an impulse as well as will it in fact make your life far better as well as or better as well as if you have kids speak to them also what do they think as well as are they going to come travel to visit you you know in our instance they did they intended to pertain to florida in the wintertime the various other point is are you going to transform your residency that that'' s a big decision for some people to make because there'' s some tax effects for that and it can'' t really feel like a worry your state of mind is crucial to make certain you have excellent equilibrium owning these 2 residences alright so funds we spoke about check intentions and also mindset check currently let'' s discuss place i mean for us it was very easy we wished to live all year long in warm weather condition so we did an entire video clip in prior youtube'' s on why we selected marco island as well as the link is below however you'' ll see some excellent pointers because as well as that additionally connected back to our intentions you recognize we wish to invest the next twenty years of our life living a really active outside way of living when we can so we did this to have cozy weather condition all year long to deal with our physical wellness and our psychological wellness we needed warm weather condition for exercise we'' re now cycling we'' ve spoke about that recently on the youtube the coastline for our state of mind we'' re massive followers of sundowns as well as daybreaks so reaching the coastline actually has actually aided us emotionally hasn'' t it maybe today today some other considerations when you'' re thinking of location is you know we picked not to utilize to possess two houses in the exact same climate system ideal mark that was something mark used to preach to me when i was looking for a house on the jersey coast to be truthful since i matured going to the jersey shore yet we already possessed a home in new york or connecticut and also in mark'' s mind they remained in the very same weather condition system to ensure that was one of things that we agreed on you recognize the other thing is it a viable market for leasings or hotels for site visitors when they come not all visitors wish to stick with you as well as for us with six youngsters we couldn'' t get house large sufficient to host every person as well as like mark said earlier you recognize it was essential for me to choose a place that the children would come and also go to right you know continuous reflection for us now that we have two residences is just how are we doing do we like what we'' re doing can we enhance one or the various other more as well as that'' s where we are so we'hope you people are enjoying this we ' re concerning midway via the video if you like it please hit such switch or leave an inquiry or some remarks it truly is important for us to hear what you'' re thinking as well as'don ' t forget to subscribe but the 4th location where balance enters into play and having 2 homes or several residences is making both of the residences comfortable you understand that the point is that we located having two homes that we want to make comfortable really suggests in more build-up of stuff as well as things i indicate if you consider it right you have two energetic kitchens so you'' re going to have we enjoy to cook comparable appliances in both you know maybe 2 residence fitness centers which might imply you recognize 2 pelotons or 2 you know bozey rounds is that what you call those bosy bowls what are those points called uh not a bosey bowl i assume it'' s a bozy round okay you know it likewise may suggest and also especially for mark you understand duplicate attire and also clothing i'' m not quite as good at that as you are you recognize we have a pal who comes down here in florida in the winter months and does cape cod in the summer which'' s the very same environment it ' s the same climate it'' s cozy both locations he has this interesting idea where whenever he purchases a brand-new t-shirt or a brand-new pair of footwear or shorts he always purchases two one for each and every house he has the specific very same clothing at each house which is really intriguing and we started thinking concerning that to a point however like you claimed you'' re not you ' re not anywhere near that yeah however not really a bad concept when you think yep you understand i can do it with a few things however if i'' m mosting likely to spend cash on clothing i i type of like that selection in both locations soon we'' re mosting likely to address just how to make owning 2 residences very easy and this comes under that category too yep now we selected not to ever before lease our houses out so we make them comfy with the same linens and cushions and nice televisions we have sonos in both homes as well as all of that stuff including household pictures jody'' s a large candle light person you ' ll always see candles shedding in our home at evening and individual items in both homes so we'' re not stressed over someone can be found in and also damaging any one of that you know we truly made it and also my viewpoint was i want individuals to stroll into each home and as well as feel the exact same despite the fact that the houses are completely various our home in connecticut is historic it'' s 300 years of ages as well as our house in florida is just twenty years old as well as it has a much more coastal feel yet when you come in you still feel comfortable yep so we'' ve spoke about funds intentions and state of minds where do you have the second house making it comfy all of these are very important to make balance in having multiple houses currently allow'' s speak about the important things that we both enjoy one of the most which is identifying a means to make it easy and straightforward you understand it'' s vital that you have those for first 4 points in place and afterwards this part actually can be found in when you'' re discussing interest to information you recognize large image you'' ll require an excellent residence watch or caretaker for each residence a person or a team of people that will certainly care for it when you'' re away in our connecticut residence due to the fact that it'' s 300 years old it requires constant maintenance that home is a great deal of work it'' s a lot of job so as well as it mosts likely to have winter time for snow using so we have a landscaping company we have electrical contractor and a builder all of them have access to the residence they all have accessibility to our cameras so they all play a role in keeping that residence healthy you recognize in florida it'' s a lot much less maintenance you recognize we have a pool company we have the house watch team as well as we do a couple of handyman available for chores there'' s very little to do down here yet connecticut'' s complicated it is a few other means to make it simple is we spoke a little bit about this we actually can fly back and forth and not worry concerning clothing at each residence since truthfully connecticut many of our apparel up there currently is for cool climate we have all of our favored wardrobes at both residences we have safety and security video cameras in both houses we have on-line thermostats and also alarm so we actually have eyes as well as ears on the on both residences when we'' re away and with all the brand-new applications that you can utilize on your phone for all of those various points it makes it easy to be somewhere but given that florida'' s a little bit new we still drove a cars and truck down below so our sense of seriousness for several of these comforts remaining in both place wasn'' t as essential however we also have this service so we haul the electronic cameras and also the illumination to and fro and also i'' m truly confident that'' ll change yeah we need two collections of everything and also we additionally simply bought brand new e-bikes that were pricey as well as it actually doesn'' t make good sense to possess duplicate bikes yet so we require to bring them back and forth in the cars and truck but the whole suggestion right here is to be able to fly to as well as from each home with only carry-on and we seem like that we have whatever that we need in both homes so we can do that right as well as so that makes it easy for us as well as you understand the last area to speak about as well as actually have a policy between you as well as your partner on is you understand non-family visitor policies best don'' t obtain me incorrect we enjoy to entertain however we also enjoy our new retirement life and also the flexibility it affords us so you kind of requirement to have a calendar as well as a guest policy and also we obtained some help from this with honestly next-door neighbors nearby who are truly cool regarding having people check out but the ability to for jody and i to proceed our habits and also routines that we'' ve created when company arrives that'' s really crucial to us and as visitors began to turn up we began to imitate hoteliers i indicate we would certainly simply wait on them to stand up we would certainly prepare them morning meal what can i do for you that was our selection but it truly place us kibash on our life a bit as well as we we determined a way around that well i'' m respectable um as well as always make an agenda for whoever is coming down currently i constantly have dinner bookings some organized enjoyable some down time yet i think the real essential thing is we currently establish guideline for our morning right you understand we basically inform our guests you know we'' re active till 10.
you recognize i have yoga exercise or we'' re going to ride a bike or we'' re mosting likely to go for a coastline walk as well as we inform them join us or not however you'' re complimentary until 10. yeah i think when our youngsters come down they mainly join us for our morning activities so we do obtain that time with them yet some visitors like to oversleep i suggest they'' re here vacationing yeah they desire to oversleep which is great to ensure that'' s taken a great deal of pressure off of jody and also i as well as made it a bit much more comfy to have visitor business appropriate as well as but we'' re also improving at saying no and we'' re better at establishing limits you recognize our homes among things that we did when we'' re not in one of the various other homes they are not readily available for individuals to remain we require to be there to hold right including the kids yeah as well as type of well we'' ve bent the rules a little yeah some of the kids most of them don'' t also ask they don'' t i really think they like it when we'' re there due to the fact that we give the food sure we purchase all the food my program comes into play yet pay attention um having 2 houses is amazing as well as it'' s transformed the method we live significantly you know we'' re healthier as well as we'' re better as well as we really really feel much more at tranquility as well as it'' s likewise been an understanding experience and also some job to obtain comfort in possessing 2 houses we wish that all the ideas we provided you today have helped you today as well to make sure that you can think about having 2 houses and not tension out over it if you appreciated this please show your friends as well as also please subscribe by clicking the subscribe button below as well as if you have any remarks or concerns please leave them below as well as lastly put on'' t fail to remember to join our totally free facebook community where jody and also i go live every tuesday at 12 30.
thanks for listening we eagerly anticipate being with you once again.Read More
Top Tips For Aging Gracefully in Retirement
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise Retiree Tips and Tricks
we are all mosting likely to age and that'' s just a reality but how you do it depends on you and also we believe you can regulate it yeah you understand people and we understand people who appear to improve with age make it more powerful they obtain more purposeful they get even more involved and you likewise know those people that appear to obtain even worse weary irritated non-active and isolated I wear'' t comprehend why you constantly need to direct at me when there'' s something like that even if I don'' t get that a person suppose we told you that you have the power to decide which course you'' re mosting likely to take do you wish to age beautifully or are you prepared to crash and also shed as well as you'' re doing it beautifully you are without a doubt one of the most graceful retired person that I understand besides Sam and Natalie right so we have next-door neighbors in Link we had Next-door Neighbors in Connecticut Sam and Natalie we fulfilled them 278 years ago they were 88 and 89 when we satisfied them and also they had a wonderful full life they remained in Hartford Connecticut they ran a business they retired they purchased a home in Hand Desert he was a big golf enthusiast so for three decades they'' d go there for the winter season and afterwards they ' d pertained to Essex for the summer season you recognize Sam was a big golfer so he oh he was he was a huge golf enthusiast really golfed at Syracuse you know 100 years ago on the Syracuse group strolled on the group you recognize yet he ended up giving up off around 85 I assume however besides that the 2 of them would set out on 2 walks a day she was typically a few actions ahead in her kittycat heels as well as her extremely wise Dark pants with her hair done always well clothed he enjoys the fit perfectly jackets yeah they looked they were truly adorable they were really specific regarding what they ate they were really particular concerning their fluid intake and also the quantity of he consumed alcohol Chardonnay she drank vermouth a little cup of vermouth on the Rocks but we saw them in Hand Desert in January of 2021 as well as regretfully they never made it back to Connecticut and possibly after covet yeah they both passed away concerning a month apart however the reason the reason I bring them up as well as we talk about we have a terrific picture of the 4 of us um is just how they age so beautifully ideal they never whine they never ever felt sad they constantly were up about what was the saying he utilized to claim oh so happy to see you I wish you have a fantastic day or something like yes he constantly enjoyed so let'' s delve into today'' s subject aging beautifully as well as allow'' s speak about three locations of adjustment that most of us notice as we mature the initial is your physical aging right this happens to everyone by the age of 65 you will have shed between 8 and 27 of your muscular tissue mass yeah which'' s you begin losing your muscle mass at 30. I didn ' t know that you do so if you overlook it as well as wear'' t work out you ' re going to have a problem because your strength goes away your flexibility vanishes as your muscle begins to wear away around your bones they become brittle so it'' s truly an important thing to know it'' s particularly at 60 or 65 to fix that due to the fact that it'' s going to take place as well as actually what I did recognize is prior to that you know ladies have a significant reduction in muscular tissue mass after menopause you recognize your core muscles begin to weaken you have a more difficult time entering and out of the chair as well as you just can'' t neglect this remain up until the end due to the fact that we'' re mosting likely to offer you some ideas on how to decrease or even begin to reverse several of this yeah physical deterioration so besides your body generally aging your heart'' s gon na age you recognize your arteries and veins get more difficult if you'' re not if you ' re not eating the ideal type of food as well as like I matured with a great deal of convenience food I imply in the past my mom would certainly make deep-fried poultry with Crisco I imply that stuff went with my capillaries as well as it triggered some damages now your muscle mass functioning harder in time and also your heart price is mosting likely to change so you truly reached stay uh pay attention to your heart as it ages so so you have your physical your bones you recognize then you have your heart you know you have your bladder your bladder becomes much less flexible you may see that you'' re beginning to require to urinate even more you might even begin to have some leakage all of this is all-natural progression in aging and also you can'' t go nuts concerning it'since it ' s mosting likely to happen or it could happen and also if it does that ' s the natural course of points we wish to speak with you once again concerning exactly how to do this with dignity hearing is a problem I just recently went to obtain my ears evaluated due to the fact that I assumed without a doubt I was shedding my hearing little bit did they know it was careful hearing yep well I I can'' t hear various other people also it ' s not just you yeah right yet I got a Standard as well as the Baseline is that my hearing was wonderful and also all kidding aside the registered nurse did say to me when do you have problem hearing and state well my spouse could be informing me something he claimed darling you just need to pay even more attention to her yet the fact of the issue exists are adjustments as you age in your internal and center ear that you just have to understand it occurs once more to everyone so we discussed your bones we chatted regarding your heart your bladder your hearing you recognize so all of those physical modifications will certainly start to take place once again stay till the end we'' re going to chat a little bit regarding exactly how to battle several of that right yet the second large classification that is gon na happen to everybody is the psychological aging process right your brain your memory starts to discolor it takes you longer to find points in your brain you understand we did a video on this because it'' s a big concern a whole lot of individuals have you leave here walk right into the other space you obtain in the various other space as well as you think why am I right here that takes place to everyone and as you get older it happens extra since there'' s so much stuff in our head it takes us a while to go back in there as well as locate what it is that we were entering the various other room to seek we'' ll put the link below for this point because it'' s a great I believe it was misconceptions regarding memory loss yes was the name of it so we'' ll put that web link below so all is tolerable yet um as you age your memory does start to go yes you know physical aging is mosting likely to also splash over right into some psychological aging so if you see your athletic capacity starting to wane try some less complicated sporting activities or you know us try pickleball rather than tennis but that physical aging that we discussed beginnings to endure you psychologically I assume that'' s an asset since if you ' re a real Enthusiastic tennis gamer and you just can'' t run around as high as you utilized to attempt pickleball you know I used to be a large downhill skier and also now I simply couple reasons I put on'' t desire to get injured top number two I put on'' t like the chilly so I you really put on ' t like the chilly I do so we do various other sporting activities just to stay energetic even just exercising so once again under the main subject of psychological aging seclusion is something to look out for you recognize for you as well as your partner you recognize you begin shedding your buddies throughout the aging process right everybody does pals member of the family you begin losing the power to actually keep relationships which can create depression which isn'' t healthy for your psychological aging you recognize my father had that list I remember his 10 buddies noted them all on a sheet of paper yellow paper 8 by eleven as well as when I'' d go visit them he ' d talk regarding the ones who were still to life as well as the ones who died however as he grew older you know even more of his buddies passed away and it was so unfortunate for him to have these people not component of his life anymore yet it'' s what happens so proceeding under the mental aging you know don'' t offer in to enjoying too much television or doing inactive tasks yeah I believe I think that um you shouldn'' t read Much less in retired life you must find out more ideal seize the day of this newfound 40 plus hrs that come your means and also read since you desire to challenge your mind as well as review something you'' re thinking about you can read some stories which is great sometimes I'' ll choice up an unique yet read something you want to discover something about you know bios of uh popular individuals in the past due to the fact that it does maintain your brain energetic truly test your brain so that type of you know or several of the peaks of psychological aging so the 3rd location that we want to talk about is way of thinking and shallow aging I know you dislike that word however I couldn'' t think of it I stated as being favorable shallow I assume what you indicate is how you look and also just how you act and how you bring power to others as opposed to sucking energy away well I think I think there'' s frame of mind and also there ' s superficial right so your way of thinking is how are you approaching your activities or your partnerships or your individuals just how are you approaching your you understand that'' s a terrific Factor how are you approaching your aging procedure if you'' re refraining from doing it with the ideal way of thinking it'' s gon na spiral in reverse on you and when you concentrate on the bitter pill of your aging that you can'' t relocation as quickly you can'' t lift as much weight you can'' t climb a ladder anymore it'' s simple to end up being depressed consume badly due to the fact that you'' re worried out as well as allow bad routines sneak into your life well the initial fifty percent of this video clip was all about the aging procedure in those 3 important areas right the physical the mental and the mindset slash surface so right here are some tips that we can bring right into our lives right into our lives to age gracefully via each one of those processes so the very first point enhancing your muscle mass and also strength 3 points you can do eat even more protein resistance train as well as raise your Omega-3s now Omega-3s are located in Salmon walnuts as well as flax seeds they'' re anti-inflammatory and can be quickly contributed to your diet the other thing is inspect your vitamin D degrees to ensure that'' s four things under muscle strength yeah yep that'' s fantastic so another thing you can do the second thing is make diet regimen and nutrition a concern for you eat sufficient eat the best points and also eat an early supper three simple things moisturize the 3rd thing yeah half your body weight in water you require 7 to eight glasses of water a day to meet my my demand the fourth point you can do to assist you age with dignity via those three huge subjects we chatted about is jump on a sleep schedule go to sleep at a particular time wake up at a particular time as well as have a fitful night'' s rest below ' s another excellent suggestion that I like transform your words so this is The Surface that I was attempting to I recognize change your wardrobe as well as you you know for the very first Xmas that we were with each other you obtained me I guess certificate for a shopper at Nordstrom I did you transformed my closet as you age and you start to shrink either shorter or narrower you put on'' t desire to be the guy or the person using garments that put on'' t fit right since you search in the mirror it just doesn'' t feel excellent so keep your wardrobe as much as date the sixth point is Sun avoidance sunlight is an all-natural vitamin D which is really good for you but be careful usage your preventative sunscreens and just be outdoors in the sunlight what did we state thirty minutes a day yeah that'' s it to maintain maturing with dignity you likewise want to maintain your social interaction with your buddies energetic and healthy the eighth thing is most likely to your physician just go to your doctor obtain a Standard and also take the guidance they give numerous of our buddies will certainly return to listening to as an example so many of our friends most likely to the physician they do a standard hearing test the medical professional suggests a listening devices and also they state no and also then they locate themselves out of a lot of discussions so see your doctors number eight and take the Standard advice and also the last one is way of thinking there there needs to be a way for you to obtain to the factor where approving the fact that you'' re aging and viewing what'' s going on yet one thing that I do each day when I stand up in the early morning is I do my journaling and it'' s three uh gratitudes 3 points I'' m happy for and one self affirmation that always makes me really feel good about myself so regardless of where you get on your aging trip as well as no issue what your age really is you can take a few of these changes placed them into your life and also it will do 2 things for you prolong your life and boost your top quality of life now look we'' re all going to age it'' s a fact of life but allow'' s face it with self-respect as well as Elegance allowed'' s make some modifications so that all of us can invest the last Years of our life in the best physical and also psychological state as we can now we hope you located this handy watch this following video misconceptions about maturing where we separate back from fiction as well as provide you some new ways to check out aging you'' re going to enjoy love this set
Don’t Make these Marriage Mistakes in Retirement
Harvey 0 Comments Planning your Retirement Retire Wealthy & Wise
Retirement can kill your marriage, pretty bold statement. We recently interviewed a therapist and her quote was this: even the strongest of marriages are tested during retirement. I mean think about your marriage up until retirement sure there were bumps along the way and there were stressful times, and hopefully there was also some Joy, but one or both of you had the distraction of work right. You had relationships, work friends, you had fulfillment, you had purpose every day and then bam you retire. Just like we did Friday December 29th, 2018 and Monday morning. We found ourselves sitting across from each other having a morning coffee and we said: now what or? What are you doing? Today, what are you doing today? So it is a huge transition and it can absolutely create such stress for your marriage, and you know, are the big change that takes place. Is the 800 pound gorilla in the room is time in retirement? You may spend more time together than you ever have before. You will spend more time together than you ever have before you may. No, you will, because I mean I'm thinking of us and all of our friends that's that's the heart, not a hard fact. It is a hard it's, a bad thing. It's a good thing though, but it can be a challenge I mean we have had some of the greatest times in the last four years, but we've also had a lot of challenges figuring out. How do we fit in together in this new phase of Life yeah today, we want to make sure you don't make some of the common mistakes that we made when you retire. We want you to come away from this video with a heightened awareness of critical things that you can control as you move through this phase of retirement with your partner. So what's? Why does this matter? I mean well it's a long period of time. I mean many of us have 20 or 30 years ahead of us, together with all of this day to day time. So think about that our I know my career. Well, if you think of life is three phases you have, you know up until college and then you get in your career and you get married and that for me, was like 38'years right now we have 30 more. I know that's a lot of time to spend together without you know, without having any other distractions yeah. The other thing is about divorce right. The divorce rates in America are actually down, but great divorce is dramatically up and that's people getting divorced over the age of 55, And it's sad that you spend your whole life together. Building your nest egg and then you hit retirement and now all of a sudden you don't get along anymore right and you get divorced right and the other thing is, you know just your overall happiness Factor. You know so many retired people are portrayed or older people are portrayed as unhappy or grumpy or curmudgeoned or whatever they are, and the fact of the matter is you have a choice for the next 30 Years to choose your attitude and it's important yeah. We want to talk about that today. We don't want you to be that unhappy miserable copy couple out to dinner that are sitting there in their phones or not talking. They're, not learning new things together, they're not trying new things together. They're not putting the effort into the marriage that they should be, and you need to put effort into your marriage all the time, your entire life, but particularly now in retirement, because things do change absolutely so let's go through some of the common Mistakes, people make that you can definitely avoid the first and foremost thing is you have to communicate effectively the single most important predictor of success in your relationship as you enter retirement? Is communication? Listening really well, not interrupting right. I'm good at that. Yeah being disinterested right, providing a solution to what it is you're talking to me about when you don't even want a solution. You just want to talk to me and the other big thing we have a video on this called react versus respond when you and I are talking to each other. The tendency is to react to what I said or Iraq, what you said: it's better. Just to respond, and sometimes the response should be nothing because really good time. Poor communication can ruin your relationship, and you have all of this time together with all of these Avenues and opportunities for good or bad communication. On the other hand, effective communication, you know responding with care being an active listener. You know giving full Focus to what your partner is saying, with no technology interruptions and using a term or a technique called inquisitive inquiry. When you're talking about desires or fears that each of you may have yeah and those are some important things that you can do to be effective and that's just asking more questions – Jody's talking to me about something she's, not Looking for a solution but asking more questions, why do you feel that way more open ended questions to dig deeper on what the issue really is. That will bring you closer together than you,'ve, been in a long time right now. The other thing that's really important, particularly – and I think this is really hard for men, but really being able to in this phase of your life, with your wife or your husband. Whoever it is your partner, dropping your fear and becoming vulnerable really being open and honest me being open and honest with Jody about what my needs are. Why I'm struggling right now, really really letting my heart open up and tell her what's going on, because the fear is that I'll be judged or she'll jump all over me or say: isn 39! T that ridiculous! You need to drop that fear and trust each other yeah, and I somewhat disagree with your instinct that it's harder for men than it is for women and we debate vulnerability in our house. Quite often the definition of – and you know I I think, as long as you have a safe Space, men and women are at the same level of dropping their guard and becoming vulnerable. It's just hard for me and the men that, like it's, but it's meant for women too. Okay, I've never been a woman and you've never been a man right. So, but I see women are more. We're not going to debate this here. Are we we debate this in our house all the time? Brene Brown started this debate in our house so but basically it's helpful to your relationship. If you can have open and honest discussions with your partner yep, a third thing that we found is taking vacations while we're in retirement is a must getting out of our normal routine in our home, with our dog grocery shopping. Taking out of the trash you know, cleaning the house like doing all of our normal stuff is great. We are spending time together, but doing something different creative, exploring traveling together or with another couple stretching each other outside of our comfort zones to you know, go ziplining or go trekking for gorillas or you know so. So the thing is when one of your, when one of you says hey, we really need to get away the answer. Shouldn't be no, we can't afford it. The answer should be okay. We should figure that out let's set aside some money. Let's put a budget together, let's plan it together and let's go somewhere. It could even be a mini trip. It can, but do it with open eyes and open heart, and just say you know what you're right. We're, not in sync right now: let's go away for a couple days and find a way to get in sync and plan it out, and do it right it's going to make all the difference in the world to your relationship. The fourth thing is to find activities to do together. You know things that can create camaraderie. You know things uh activities that give you something to talk about later in the day or evening, or even maybe give you something to laugh about. And finally, you know Finding activities that will expand your social network. So we we play golf together, which we both learned years ago and we're at different levels and sometimes it's frustrating for each other. Because of that. But if you can find something to do together and start together like we did with pickleball, we are complete beginners moving our way up to intermediate. We started it together and we're learning together. I'm, not coaching Jody. We're reminding each other of the rules that we learn and we're reminding each other on how to hit the ball, but it's not like you need to do this and you need to do that. So it's actually brought us closer together. This whole world of playing pickleball, which has been really good for us and it's increased our social networks, which is a big thing. So the other thing is to, I think, well think from me anyway, find activities to do alone. I I need some autonomy away from Jody away from the house away from the kids, some things that are important to me and it expands your personal Social Circle. I have a men's group that meets down here on Marco once in a while. We just get together and chat about life issues. We have breakfast together and you know I've met some great new people. For that I mean you. Do you?'re doing some things on your own. I do I mean I do yoga. I've got my community around that that I do on my own. Some non profit work and you know I spend a lot of time doing things with you. Obviously, but um. I also you know like the richness that it adds to our relationship to do a few things by ourselves right. The other thing that this is probably the hardest thing to think about doing, but talking together about the tough topics, if you're stubborn and your wife says if Jody says to me, I want to talk about this, and I say I don't want To talk about it that's not fair and that's going to pull us apart. There's, things like sex downsizing issues with the kids, whether we can afford to go on vacation or not. You've got to be able to talk through these things together, so you can hear what your partner says about it and it's important to set the topic. If you know it,'s going to be difficult set, the topic up, so you both feel comfortable right, acknowledge that changes may have taken place. If you're talking about a topic that includes your physical well being or your physical, you know your current physical state, you know, and it also acknowledge that the conversation may take more than one time at the table, and it could be that you just say There's here:'s a technique. There's, something I really need to talk to you about, and I'd like you to listen to what I have to say and I don't want a response right now. I just want you to hear what I have to say and let's take some time, and maybe we'll talk about it again tomorrow, just setting these kind of rules together. So you can talk about the tough topics. If you bury them, they're not buried right. They don't their way. They don't that's. The way I was looking for they don't go away. Definitely you know. Living in a home together can have its challenges being together. Every day for most of the day, even makes said harder. So you know, if you think about the six things we just talked about to build a better marriage and build on your relationship. You can avoid some of the major pitfalls, so remember effective communication. You know being vulnerable with your partner taking vacations together. I think finding activities do together. New activities in particular, is really important. Finding things to do alone, to give you some alone time and also you've, got to have the courage to talk about some of the important matters that make a difference in your life. Now we hope you enjoyed this video and if you did you're going to love this next one keeping the magic alive in your relationship. We go deeper on spouse, partner relationship and give you clear steps and activities to make this happen.
How we Retired at 40 – 7 tips to succeed for Early Retirement
Harvey 0 Comments Retire Wealthy & Wise
Hey guys retired at 40 I'm going on a little road trip today just me and Murph and last week I reached a milestone on my channel and I hit a million views total and 10,000 subscribers in the same week since I've been getting requests for quite a long time about how I retired at 40 and I'm on a long road trip right now I figured what better time to share the story so without further ado here's the retired at 40 story so before I get started I want to say that this is not in any way a brag story in fact I'm definitely not a showy type guy I enjoy very simple things in life and money to me is more of just a vehicle to be able to retire young and have my family live a comfortable and an easy life and to be able to enjoy lots of life experiences and be comfortable in life before I'm old and gray so really the retirement journey began in about 2002 graduated from Iowa State University with a degree in marketing and business and by that point I have met my wife Kelly she had already graduated from school and she was kind of waiting for me and we wanted to move west out of the Midwest to move west see some new territory and get closer to the outdoors so I grabbed my degree ran out the door packed up my 1987 Ranger fully equipped with eight foot hay racks full of all of my personal belongings and we drove to Littleton Colorado and at this point in my life I had $200 in my pocket and Kelly had about the same so being completely naive and basically completely broke but with a degree I was on the search for the best suit and tie job that I could possibly find so I bounced around for a couple months just working some kind of halfway jobs and I quickly realized that I did not want to wear a suit and tie and I wanted nothing to do with the man and working a nine-to-five job well Kelly had found a job in a real estate office working the front desk and she had become friends with a couple of the big-time Realtors there one of which you caught wind that I had some handyman type skills but he made me a deal that if he paid cash for a house and I fixed it up that he would split the profit with us 50/50 and at this point in my life all I saw was dollar signs if I was completely blown away that there was someone that could pay cash for a house this is coming from a guy who had less than $200 in his pocket at this point it was pretty much scraping by I tried to hold back my excitement to him but naturally I said yes please let's do that I was working the graveyard shift at Target stocking shelves I'd worked for 10 hours I would go home grab a little bit of breakfast and I'd head over to the property and work on it for another five or six hours I try and catch a few hours of sleep and then I would rinse and repeat it was at this point in my life that I learned a few different things one you really have to dig deep to reach your goals in life because I was not getting paid by the hour and at this point I didn't know how much money I was gonna make I didn't know if I would make $500 when this was all done or if I was going to make $5,000 when this is all done so I learned that a lot of things that can benefit you financially you have to put in the work upfront without knowing what your final outcome is going to be after about three months which seemed like an eternity of working seven days a week for sometimes 15 sometimes 20 hours a day on this house the house was ready to go on the market and it was all finished it looked great and then before you knew it it's sold and then the house closed and at this point I still didn't know what we were gonna make off it but for me it didn't matter the hard part was done I didn't have any of my own money into it I just had my time basically so the guy we were doing the investment with hands me an envelope and I opened it up and at $8,000 being twenty-two years old and having $8,000 I might as well have hit the lottery and that brings me to my second valuable lesson that I learned and that is being responsible with money so when you have $8,000 and you're 22 years old a lot of people would go buy a new car they'd go buy some flashy things some pretty things but to me I had realized that if I can make $8,000 once I can make $8,000 again and again and again and again so I can either go p*&% the $8,000 away that I had worked my a#* off for or I can take that $8,000 and do exactly what he did but do it myself and potentially make twice or three times as much money so my wife being in a real estate office we became acquainted with quite a few smart people financially smart people we learned a lot about real estate very quickly because we were willing to learn which is my next valuable life lesson is that you never stop learning so we took our $8,000 we put a small down payment on a condo in Littleton because we realized that giving someone else our money was you might as well be throwing it away we wanted to be working towards something and it own something on our own so we took our other four or five thousand dollars and we started our search for a real estate investment that we could do all of our all on her own and get a hundred percent of the profits so after some searching we did find a place we found a small town home it was not in as nice of area as we were living it was smaller it needed lots of work but that takes us to our next light life lesson that we learned and that is to sacrifice for a greater payoff in the future so we had only lived in our condo for a very short time but we realized that if we moved into the real estate investment that we could rent out the place that we are living at and move into the place that we were fixing up that we'd have to be paying a mortgage on anyway we had our first real estate investment and we had our first rental so being 22 years old and owning two properties and carrying two mortgages and at this point I'm still working at Target was a pretty scary proposition in life but all I could see was that $8,000 check they had started to change our lives I also want to point out and kind of give a shout-out to my parents and to my wife's parents because neither one of our parents ever handed us anything in life they always made us work for what we achieved in fact when we move we tried to convince my parents to co-sign on our mortgage for the condo that we bought and they said no way at the time I was very very mad at them and I thought I would never forgive them in hindsight it was one of the best things they've ever done for me because it just made me have that fire in my belly and really just want to work to get what I wanted so back to having two mortgages that was a completely scary thing in my life I was making something like 10 dollars an hour at Target I think Kelly was making $13 an hour at the real estate office she was working at we could barely afford the condo we had but now he had two.
God bless the banks lending money to anyone at that point on the very plus side of that we learned that someone else can pay our mortgage and we're basically getting that money for free and then later we figured out that there are many many many tax benefits and huge benefits of owning a rental property so we quickly learned that trying to pay for materials and the things needed to fix up an investment property on just barely over minimum wage is not easy to do the thing that happened next couldn't have come at a more perfect time so all of a sudden I had money to spend to fix up this house and it would just get me to that next big paycheck that much quicker so that's what we did we fixed up the house we doubled our money we rolled it into the next one so we kept bouncing from house to house quite a few times and that sacrifice of from going from a nice house to live in to going to a crappy house to live in to fix up to making it nice again to going to another crappy house to fix up it became pretty stressful but we always had our eyes on the prize “are you still with me Murph?” after doing this two or three times I remember getting a check for the last one and the check was forty one thousand dollars so at that point it didn't make sense to work at Target anymore so I just started doing it full-time but we never took the big proceeds from the real estate and put it into our actual living we always rolled it into the next property and that kind of gave us the baseline of even how we live today we always live well below our means we take the money that we make and we put it into things that will make us an income not into something that will lose us money but you do have to treat yourself every once in a while otherwise there's no reason to make the money in the first place Kelly saw many of the high producing Realtors making large amounts of money so she decided to get a real estate license and she created her own real estate business so now we really felt like we had the world by the balls because we were getting paid a commission to buy the property and then we were saving half of the Commission when we sold the property and I was fixing him up so we just get rolling our profits in rolling our profits in rolling our profits in until family we were able to buy a house and now that we could get a house we were playing with the big boys the profits were much larger but so was the risk and we really didn't want to lose all the way it worked for for the last couple of years so we did a few houses and we made some great money but instead of selling them and pulling out our profits we kept them as rentals and it was at this point that we really started building up our rental inventory at this point it was about 2006 or 2007 and real estate was starting to slow down a little bit but we have purchased a large house I'm a courage that was really a big risk for us it was a large house to fix up it was our biggest project for sure it took us the most money to fix it up and we had the most money into it so we lived in this house for about 8 months while we were fixing it up and we kind of decided after doing about 12 properties that the moving all the time was starting to get kind of old and we were kind of getting older ourselves and we decided that we wanted to have kids and kind of settle down a little bit Murph are you with me? sometimes I feel like I'm just talking to myself so after the eight months was up we finished the house we sold it and shortly after the real estate market completely crashed the bubble had burst and Colorado was one of the hardest hit States we got out of the house just in the nick of time and not only did the real-estate market bubble burst we found out that we couldn't have kids and it seemed like a real low point in our lives but around 2007 when all this happened we realized our next lesson with every negative there is a big positive that can be gained from it and you can just use it as fuel for your fire so the recession was tough we thought our great life had come to an end we thought we were gonna have to get regular jobs you know people were losing their jobs left and right people were losing their houses Colorado was hit very very hard one of the worst states during the recession and we learned that what goes up must come down and in this case it came down hard in many cases not just real estate when things are bad that's the time to invest and if you're smart with your money and you've been saving while everyone else spending that's the time to benefit though from about 2008 to 2012 we were buying rentals so we were able to adapt I started doing contracting because that's pretty much what I was doing before but now I had to be doing work for someone else and Kelly's always been a mover and a shaker and even a bad real estate market she was able to keep her business moving we were buying things for pennies on a dollar and even though we were not making great money and in some cases losing a little bit of money on rentals we were able to stick it out and after lots of lots of years of lots of lots of heartache and lots of lots of doctors we were able to have two boys so about 2014/2015 real estate started creeping back up again prices kept going through the roof and just when he thought it was the peak they just kept going up stuff was flying off the shelves you could list a house and it would have multiple offers within 24 hours so we had about age 35 we were completely debt-free we had several rentals that we were cash flowing we didn't owe any money on the rentals so all that money was just rolling into a bank account when you have no bills and you have an income coming in your net worth starts to grow very quickly so we rode out the storm Kelly's business was doing great my contracting business was doing great we have liquidated a lot of our real estate in Colorado we had capital to play with we had two beautiful young boys and then I fell to my knees crying like a little baby I had herniated a disc in my back and I was on a walker for about a month contracting for me was out of the question I didn't even want to think about picking something up so I took some time off and I raised our kids which at first I thought would just be for a few months and then a year passed and then another year passed and I decided that I kind of liked it we had rental income coming in Kelley's business was doing better than it had ever been in fact she had started her own she had several people working for her and just as a little side income I got to do what I love to do which is antiques I was just buying and selling antiques so we were trying to be very strategic at this point because we owned a fair amount of property in Colorado but we knew that our ultimate goal was to retire at 40 and at the rate things were going up we didn't want to sell too early because we didn't want to miss out on that upside but we didn't want to sell too late because we didn't want to risk the chance of taking a step back so as some regret we sold the majority of our properties in around 2017 but this was a game-changer because we were able to make cash for every rental that we purchased so we loaded up on rentals in Iowa we actually purchased our property that we're going to move into which is actually where I'm headed now and that kind of brings us up to speed to current date I take care of our 10 rentals which keep which keeps me pretty busy just in itself i buy and sell antiques i get to see my kids all the time we have a good rental income coming in now we do youtube oh yeah we also do a couple fix and flips every year Kelly has her real estate team with about 10 employees and in June of 2020 we're going to retire at 40 so all in all life is great I have a wonderful family I have enough assets and passive income to live a comfortable life
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