As I think about reaching the age when I can truly retire and collect social security and medicare makes me think about how well I must be prepared. This thought is in true nature with the philosophy behind “Simple Living Over 50”. I have just another 12 years to pull it all together. So what exactly do I want to see in 12 years? And what will it take to get there?
1) Home – It is very important that I live in a home that is paid for in full. Complete ownership where I have the title for that home in a safe and not attached to a mortgage. Many people today that they will never see this happen, but I believe that with a little dedication it can happen. It doesn’t have to be the Grand Hotel and at 65 I wouldn’t even want all of the work of a large house. There are many affordable area’s in the United States where you can still purchase a small house on a small piece of land. I am currently paying down the mortgage I have now while still putting money in savings. I gave up on things like eating out and purchasing those expensive cups of coffee. There are so many things that I gave up, like smoking cigarettes that now allow me to concentrate on savings. My intentions for the end of this year are to sell the home I currently live in here in Oregon and find a smaller home in Florida where I can quickly gain a 50,000.00 reduction in the cost of a mortgage.
2) Debt – Currently all my debt is paid off. I have been working towards this goal for the last 7 years and just made a final payment on my vehicle last month. My intentions are to maintain this status for the rest of my life by keeping enough in my savings account to allow myself the freedom of borrowing money from my own savings account. This is of course at 0% interest. This also gives me the opportunity to leverage purchases. You can get a better deal with cash in hand. I do use credit cards each month, but make sure that I can pay off the complete balance when the bill arrives which means that the interest rate on that credit card means nothing to me because I am not paying any interest. Once I am in the retirement mode of my life and living on a fixed income, one of the animals that can take a good bite out of your money is interest. It is like throwing money away each month that could be used for other things that you really enjoy, like travel. There are incredible plans out there like Dave Ramsey’s – Total Money Makeover that have all of the steps in place to help you get that debt paid off. Is it easy? No, but is it possible? Absolutely!
3) Health – Bad health robs us of our freedoms in retirement. Imagine having all of the money in the world, but you are too sick to get out of bed. Don’t depend on Health Care Professionals to help you find total health. You have to find it yourself. When I was first diagnosed with Type II Diabetes I listened to my doctor, but I also started my search for a natural cure. I learned that by simply reducing my carbohydrate intake each day also reduces the amount of sugar in my system. But I kept pushing and discovered the perfect diet and exercise routine not only helps with Type II Diabetes, but all major health problems. I also learned that eating, “clean” or “pure” foods that are a natural source for millions of years keeps us healthy and vibrant. I will be entering retirement the healthiest I can possibly be.
4) Simple Living – It is obvious that the less you own, the less you have to maintain and keep up with. Stuff robs us all of the thing that is so important to us and that is Time. By living a simple life now, you afford yourself the opportunity to live a simple life in retirement. Cut back on watching TV and find good books to read, find time to spend with family and friends. When you look back at your life it is the times with others we remember so dearly, not the big screen TV or car we purchased. Enjoy life without filling your home with a bunch of junk that will only end up in a yard sale one day. Money is energy, make sure that your energy is in alignment with your goals.
My blood sugar is coming down slowly as it has been a while since I created a great demand through hard muscle work, but my weight dropped almost 3 lbs. which shows me that I was retaining a lot of water. This may have been due to the change in temperature in Florida where my body felt it must hold on to water to prevent dehydration.
Blood Sugar – 118, Weight – 167.2
Bowflex – ARMS
Curls- 150- 14, 16, 15
Hammer Curls- 100- 14, 13, 12
Tricep Pulldown- 140- 16, 18, 12
Dips- 310- 25, 23, 20
Breakfast- 2 Eggs
Lunch- Steak, Coleslaw, Salad
Dinner- Pork Chops, Butternut Squash