Are you using your equity -- or is it using you?
Does your home set you free, or hold you back? Take a close look. You might think of equity as a good thing, but is it working for your or are you working for it?
It isn't doing much good if it's tied up in extra bedrooms or rarely used dining and living rooms. Then there are those swimming pools and big yards that you don't need and don't wish to care for.
what is you traded some equity for some financial freedom, for more leisure time and for less stress? Aging can mean you've earned the freedom to do more of what you want to do and less of what you have to do.
But it wont happen if you're tied down by a house that doesn't fit your needs. The answer is not to downsize, but to rightsize your life. Rightsizing means living somewhere that frees you from the nagging maintenance that no longer suits your lifestyle.
That could mean a condominium, town home or active-adult community. No yard care and better healthcare equals more freedom.
Freedom represents "seizing life" for what it is , wherever you are in your journey.
It's about doing things on your terms, and when you decide to. its about your priorities and your passions.
You have the power today to create your life tomorrow; maybe retire sooner and travel more often. It's about using what you've earned over the years to best work for you.
This blog is a part of our ongoing partnership with Growing Bolder Magazine. To see the full publication and our other contributions, feel free to visit their website.