Two friends discuss the challenges of choosing where to live post-financial independence, covering factors like family proximity and budgeting. They explore living on a boat versus a traditional house, emphasizing the importance of setting financial limits and factoring in taxes for informed decisions.
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Quick takeaways
Considering factors like cost, amenities, and family proximity helps in deciding where to live post-Financial Independence.
Establishing housing budgets early on and defining clear financial boundaries guide decision-making for housing choices.
Deep dives
Navigating the Complexities of Location Choices
Deciding where to live involves various factors like cost, access to essential amenities, proximity to family, and personal preferences. One key consideration is balancing the desire for a city lifestyle with the need for outdoor activities. Finding alignment with a partner on crucial aspects like climate, access to culture, and family proximity plays a significant role in decision-making.
Prioritizing Decision-Making Factors
Establishing non-negotiable elements and prioritizing factors through a comprehensive ranking process aids in narrowing down location options. Setting boundaries, such as maximum housing budgets and geographical proximity to specific amenities, helps eliminate choices that do not align with core preferences.
Transitioning Dream Ideas into Feasible Plans
Translating aspirational dreams like living on a boat into actionable strategies necessitates thorough planning and understanding the associated costs and maintenance requirements. Turning dreams into practical living arrangements often involves compromise, evaluation of risks, and alignment with financial goals.
Early Financial Planning for Housing Costs
Establishing housing budgets early on, based on current expenses, income projections, and desired lifestyle parameters, enables individuals to make informed decisions regarding housing choices. Defining clear financial boundaries guides decision-making processes, reduces uncertainty, and aids in aligning housing choices with long-term financial objectives.
As Eric nears his Financial Independence number he asks Jason for help and advice on how to narrow the range of options of where to live. Choosing a place to call home once you've reached financial independence can be an overwhelming task, given just how large the problem space is. Jason shares how he and Lorri approached where to live in "retirement" before taking the plunge to move their family. Irrespective of your own retirement path, the process they used will apply universally to making decisions about relocating to a new area.
Check out the show notes and get a FREE copy of the "Where to Live" planning tool at https://twosidesoffi.com/where-to-live/
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