Keeping Yourself Poor – No, This is Not a Typo


In our house, HGTV seems to be on all the time.

It’s almost an addiction (I’m not accusing or pointing fingers- remember: happy wife, happy life). We could be remodeling every room, every week and never be done or satisfied: bigger, brighter, beach, no beach, island home, man cave (ok I’m in favor of that!). Homes range from $500,000 to $1.2 million, $250,000 second homes, and that ultimate HGTV give-away. Well, sure I can make the adjustment if I must. You know what I’m describing, and chances are you’ve watched it. I like the Shiplap lady…if I have to watch it I’d might as well have a favorite. If I lived in Texas I’d have her design a home for us.


Keeping it Simple

Now, on the other hand, you may have seen the show called Tiny House Hunters. It’s where people (usually two people) move by choice into a home of a couple hundred square feet for around $15,000 to $30,000. Talk about totally contradicting what our society says we should live in to be viewed as “successful”. Yet, it’s totally refreshing to see when people reach turning points in their lives where it’s not about all of the “stuff”, but rather about experiences.

I know Mrs. Anderson and I couldn’t survive in such as small space together (we’d have to purchase two or I’d have to sleep and shower at my office), yet as we work to downside once the youngest is done with high school, most of us reach a point where we really do not require as much space or stuff as we have. Somewhere I heard we use 20% of our stuff 80% of the time. I suspect that’s true as I really contemplate it.


Keeping yourself poor
Keeping yourself poor really isn’t keeping yourself poor at all; it’s more about keeping wants and needs in balance.

I’m no different than you. I have the same struggles, challenges and desires. I have a 2001 F150 SuperCrew with almost 300,000 miles, and I can’t tell you how many times I’ve gone to a Ford dealer to purchase a new F150 and walked out empty-handed. My SuperCrew still runs and it’s paid for. I’d look really good in a new F150, however, I struggle parting with over $50,000. I’d still be driving it every day, but T-man said that it’s bad for my image, so now I drive a Honda. Not sure I’ve “upgraded” but the truck isn’t going anywhere just yet.


“Think about what you could accomplish if you changed your lifestyle and didn’t live in a home that cost you $300,000 plus interest over 15 or 30 years.”

Stillwater Financial Advising

What if you paid off your mortgage in a year or two? Can you imagine how your life and the possibilities you could accomplish in your lifetime would be completely different? Can we leave a legacy of experiences behind for future generations? Or, are we leaving behind the stuff that’s not all that exciting?

Just one guy’s perspective…

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Ask yourself- can my portfolio support my lifestyle in my retirement? 

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