Early Retirement Planning - Your Stuff May Be Holding You Back

When doing your early retirement planning identifythe neighborhood children go to private schools? Is
the cost of maintaining your possessions...it isthere a country club that your neighbors belong too?
probably significant.Get the picture...there are many ways to be bogged
By that, I mean what does it really cost for you todown in costly practices to maintain appearances.
live in a certain neighborhood and maintainIdentify these non-essential, you have been
appearances.brainwashed into thinking they are essential, items
If you live in an area with big yards how much timeand add up what they are costing you. You may be
do you put into maintaining the yard...what does ita lot closer to retirement if you do so.
cost you? If you have a lawn service, what does itThis not meant to criticize but you can easily be
cost? Remember these costs would be eliminated ifseduced into thinking these items are necessary.
you retired to a condominium.They are not...you do not "need" them at all. A
Do your neighbors have new cars every 2 years orcondominium is just fine, it gives you more time to
so. If you do the same, that has a cost associatedplay; your 10-year-old car runs great and is very
with doing so. Do you say to yourself, there isfunctional; you can go to the YMCA and work out
nothing wrong with the car I have now why am Ijust as easily as going to a country club.
buying a new car?That is an unnecessary purchaseIdentify and quantify the cost of your stuff. Your
folks.early retirement planning may have gotten a little
Does everyone have exterior lights at Christmas? Doeasier. Enjoy.