S1 E3: Downsizing Series- Part 3: Downsize and Invest the Difference

Women's Wealth Canada

In the previous episodes of our series, we’ve talked about what retirement will look like for you. We covered how you can create a budget, or what I like to call a “mindful spending plan.” We learned about the 4% rule and how it helps you figure out how much money you need to retire. Today we’re going to give you some final tips before you make your move.

• Deciding where you’ll live and the cost of living in your new community.
• Rent a home or buy a home?
• What to do with a lump sum: Pay down your mortgage or invest it?
• Downsizing tips from Melody Oshiro, owner of “Organize to Optimize.”
• How Glory and Squatch downsized.

Resources in this episode:

• Organize to Optimize
• “Downsizing the Family Home: What to Save and What to Let Go,” by Marni Jameson.
• “100 Tips for a Better Life.” by Ideopunk

Hosted by Glory Gray
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All content © 2024 Glory Gray.

Chapters

1. S1 E3: Downsizing Series- Part 3: Downsize and Invest the Difference (00:00:00)

2. Summary (00:00:22)

3. Deciding where you’ll live and the cost of living in your new community. (00:00:43)

4. Rent a home or buy a home? (00:02:15)

5. What to do with a lump sum: Pay down your mortgage or invest it? (00:06:35)

6. Downsizing tips from Melody Oshiro, owner of “Organize to Optimize.” (00:09:13)

7. How Glory and Squatch downsized. (00:09:51)