Tuesday, November 4, 2014

Collectibles Usually = Clutter

I was recently shopping in a thrift store when I happened to see a stack of Norman Rockwell collector plates. I remember seeing them advertised in magazines back in the 1970s and 1980s, and they weren’t cheap. In fact, I think people could pay for them in monthly installments. But now they’re only $3 each at the thrift store.

Then there are Hummel figurines. My elderly relatives think their Hummels are worth hundreds of dollars each, because they paid a lot for them back in the day and they assume that prices have only gone up since then. I don’t have the heart to tell them that most Hummel figurines sell for $15-30 on eBay nowadays.

And of course anyone over 20 remembers what happened with Beanie Babies. They became popular and people bought and sold them for outrageous prices. Now you see them for a buck each at garage sales.

The fact is that once-collectible items often become clutter that’s hard to get rid of, either because you paid so much for them or because you’re aware that they were once valuable and you feel guilty getting rid of them. Neither of these are good reasons for keeping this stuff, especially if it’s getting in your way.

Consider that any items that were once highly sought after are probably not worth as much now because there are so many of them in existence: their popularity doomed them to eventually become commonplace, just because of the sheer quantity of them that were created.

Nevertheless, it’s still hard to get rid of such things.

The key, I think, is to make a strict rule to only keep items that you truly love. They may have once been collectible, or they may be something no one else wants. But if you dearly love them, they can stay. And if you don’t love them, they need to go. You must be picky, picky, picky, if you want to live in a clean, uncluttered and lovely environment. It’s the only way.

Monday, October 13, 2014

Creative Retirement: Mortgage-Free Means Freedom

Wow! I had no idea so many people retire owing money on their homes; according to this article, nearly a third of them do. That's up from 20% in 2001.

I could never do that. To me, having a mortgage is like having your ankle tethered to the ground. Your options are so limited. Besides, those of us (and I know we're legion) with no pension or big fat retirement account waiting for us consider having no house payment to be a huge asset in retirement.

When you retire with no mortgage, the traditional largest monthly expense just isn't there. It makes a huge difference in your bottom line, and gives you peace of mind that you'll always have a roof over your head. And should you decide to sell your house at or before retirement (a wise move, in my experience), you now have a nice chunk of change to work with. You can:

  • Pay cash for a more suitable place in a different area.
  • Buy something cheaper, leaving money for other things you need.
  • Rent for a year or two, keeping your cash in reserve while you investigate your options.
  • Buy a small used RV and travel for a while, leaving your stuff in storage until you're ready to put down roots again. (When, if you're lucky, you can sell the RV for not much less than you paid for it.)

Oh, the things you can do when you don't have a house payment anymore!

Now I understand that mortgage rates are incredibly low and that you can probably earn higher returns in the stock market, IF you have the stomach for it these days. But I'm no gambler. I'd rather have zero debts so I know for certain that I owe no one anything, than hope that I'll make a greater return in stocks than I pay in interest for my mortgage.

That's why I've been mortgage-free for the past 12 years, and I'm not even retired yet. How about you?

Monday, September 29, 2014

New Small Houses for All Ages

Recently I learned about a home manufacturer who understands that these days, people want attractive, affordable housing.

Clayton Homes offers small, efficiently designed manufactured homes for those who want smart design at a modest cost. Whether you're just starting out or thinking about retirement, an efficiently designed home for around $80,000 may just fit the bill.

Check out this brief video to see the innovative ideas this company has. While the video is aimed at younger people, a home like this would also be great for those retiring on a budget. Clayton's Home of Tomorrow is the perfect antidote to the McMansion!

Monday, September 8, 2014

Wasting Our Youth on Chasing Stuff

As others are discussing, my memories of my college years involve living simply (though not by choice) and loving it. I had no car but traveled most places by bike or on foot, with an occasional bus ride thrown in for good measure (Rides were a quarter and transfers were free). Entertainment involved going to school-sponsored movies for 75 cents and splitting the $5 special at Burger King (two Whoppers, two fries and two drinks, as I recall) with my boyfriend. I also spent my free time socializing, reading for pleasure and sewing. Good times.

Some of the old folks I know live similarly. They may not drive anymore, so they walk or take the bus. They don’t buy much in the way of stuff, either because they can’t afford it or they don’t really want anything. But they read and cook and relax and enjoy their loved ones while living simply.

Why is it that we know how to enjoy life when we’re young and when we’re old, but in between we get caught up in stylish clothes and fancy cars and impressive houses and pricy vacations and technological toys, not to mention all the work (and time) it takes to pay for those things that we think we must have? Why do we exhaust ourselves by chasing a certain lifestyle right in the prime of our lives?

Wouldn’t it be wiser to live simply in those in-between years so we can relax and enjoy our lives while we’re (relatively) young and (relatively) healthy?

That leads to one more question: If I had to do it over again, would I pursue the big houses and the new cars? 

I’ll be honest: I’d have to answer yes. Speaking only for myself, the pursuit of “new” and “big” is something I just had to outgrow. Now, in my 50s, it looks like a waste of youthful energy to pursue such things. But at the time, it was what I wanted.

Sure seems silly to me now, though.

Tuesday, August 26, 2014

What a Legacy...

My local free newspaper often has auction notices; many of them are for estate auctions. Here’s the description at the top of one upcoming auction of an elderly couple’s estate:

In 1959 this couple started aggressively collecting and warehousing an unbelievable amount of antiques and collectibles. Rooms are stacked to the ceiling, many more items than listed. Watch for dates of more auctions.

In other words, this couple collected so much stuff for 55 years that it will take multiple auctions to get rid of it all.

Isn’t that sad? What was the point? It almost sounds like they were hoarders. Their heirs must have been so overwhelmed, and even the auction agent must be shaking his/her head (while happily figuring out what multiple auctions will do for their bottom line).

A house full of rooms stacked from floor to ceiling with stuff. What a legacy…..

Friday, August 15, 2014

The Truth about Tiny Houses

I’m seeing articles about tiny houses all the time lately, and I understand why people like them:

  • They’re cute, and often cleverly designed.
  • They’re good for people who want to live very simply.
  • Since they’re on wheels, you don’t have to pay property tax on them.
  • Since they’re tiny, they don’t cost much to heat or cool.
  • They’re sturdier than a modern towable trailer.
  • They’re cheap enough that you can pay cash and live mortgage-free.
Nevertheless, I can see some problems with tiny houses, particularly for those who are looking for a cheaper way to live:

  • They’re very expensive per square foot. A new 18-foot long model (163 square feet including loft) sells for $57,000, or $350 per square foot. Consider that many nice small homes sell for $100 per square foot or less. (Of course, tiny houses can be cheaper if you build your own.)
  • There’s little room for storage, meaning you can’t save money by buying on sale in bulk, nor will you have room to store the tools needed to make repairs or create things (ouch!)
  • You’ll have to find a landowner who will give you permission to park your tiny house on their property.
  • Tiny houses often have wooden exteriors, which will require regular maintenance to prevent weather damage.

Finally, there’s the fact that most tiny houses have upstairs lofts for sleeping, and they’re usually accessed by tiny ladders or steps. Being a woman of a certain age, I think I’d be courting disaster when making my routine middle-of-the-night bathroom trips down to the bathroom and back up to bed using a ladder. So tiny houses might be better suited to the younger set.
Nevertheless, tiny houses are a popular topic right now. No doubt the lousy economy has something to do with this surge in popularity. Seems to me that some people are getting kind of ridiculous about it: check out this very tiny house.

Personally, I find that living in a small house with a basement solves the affordability problem very well. Our purchase price worked out to $84/per square foot (not counting the basement or garage). Our basement is finished, making it great for entertaining and useful for extra storage. And even though I can’t take my house with me when I travel like people with tiny houses can, I find that a well-appointed hotel room or vacation condo suits me just fine and makes a nice change of surroundings.

But that's just me. If you're convinced that a tiny house is the only way to go, why not rent one to see how you like it? It would be fun to spend a month in something as cute as this tiny house, and it's in a lovely location to boot.

Monday, July 28, 2014

Hot Off the Press: Secrets of Small-House Living

Today's the day! My newest eBook, Secrets of Small-House Living, is now available! The publisher is offering it for only 99 cents for a limited time as an introductory special. You'll find it at:

Barnes & Noble

I wrote this book for people who want or need to downsize to a small house but are used to living in a much larger house, or even a McMansion. I learned a lot on my own journey from large house to small house, and I share my experience along with the research I did while making the transition. In my book, you'll learn: 

The advantages of living in a small house
How to find the right small house for your needs
How to choose which furnishings to take with you
Decorating tips to make any small house feel comfy yet roomy
Strategies for living well in a small house

Living small is a whole new way of life for us, and we love it! Here's an excerpt from my new book:


The McMansion Era is over! We’ve learned that a big house may look impressive and feel spacious, but in a lousy economy, its negatives really stand out. They include higher taxes, higher heating and cooling costs, and higher decorating costs. Worst of all, McMansions eat up a lot of their owners’ free time because there are so many rooms to clean (and keep clean). Even when a cleaning crew does the housework, someone has to work to pay the cleaning crew.

No wonder more and more people have decided that they want to live in a small house. Whether it’s due to a financial reversal, an empty nest or a desire to live sustainably, today’s home buyers are snapping up small houses while McMansions linger on the market.

I’m one of those people. Several years ago, my family and I sold our large house with its two-story foyer and 42’-long kitchen/family room combo. Now we own a 1,000 square foot ranch, and we’re very happy with our little home.

But it wasn’t a seamless transition, logistically or psychologically. It took time to downsize our possessions so we could fit in a smaller home, and it also took time to get our brains around the idea of living small. But it’s been well worth the effort. We now have a much more manageable cost of living. We’re no longer burdened by too much stuff. And we finally have time to relax because there’s far less upkeep around here than there was at the big house we lived in for years.

Some people don’t need this book. They’ve always lived in small places and know how to do so successfully.

No, this book is for people who don’t know or don’t remember what it’s like to live in a small space. Maybe you were raised in a large house, or you’ve been living in one for years. Now, you want to downsize, and you’re just starting to realize that living small requires a completely different mindset. In fact, it’s actually a different lifestyle than the one you’re accustomed to living. But you want the freedom that comes with living in a small house. You just need some help making the adjustment.

I’ve been in your shoes, and I’ll share more of my own story shortly. But first, let’s look at what you’ll learn in this book. You’ll discover:

  • The advantages of living in a small house
  • How to choose the right small house
  • How to move from a large house to a small house
  • How to make your small house a home
  • Living well in a small house

There are things you can do to make life in a small house very enjoyable. As you read this book, you’ll find many ideas that you can apply to your own situation. So let’s get started!

The Joy of Small House Living

For years, some in our society have looked down on those who live in small houses. They assume people live in small houses because they don’t make enough money to live in large houses. Fortunately, this attitude is becoming less common (though certainly not rare yet) thanks to the economic downturn, the trend for single households and smaller families, and a renewed appreciation for living sustainably.

That said, you may have grown up believing that bigger is better. It’s a common malady of our times. But it simply isn’t true.

Yes, there are people who need very large houses. They may have a large family, or run businesses from their homes, or entertain frequently and on a large scale. For them, bigger may very well be better. Hopefully, they can handle the high expenses, the high purchase price and taxes, and the high maintenance costs that come with a big house.

But many of us can’t, or don’t want to do so. We value time over space. We want to spend our free time doing what we want to do instead of devoting our lives to taking care of a large house, or working long hours to pay for one.

We also like the idea of having less stuff (a functional result of living in a smaller space). After so many years of living in a consumer-driven economy, badgered by commercials and pursued by advertisers, we’ve become overwhelmed by all our stuff. The idea of paring down our collection of possessions has become very attractive to us.

Fortunately, we’re seeing more positive examples of small-house living as our culture changes. There’s even a trend toward tiny houses (less than 500 square feet) that’s gaining steam. It appears the pendulum has begun swinging back toward a more sensible, sustainable way of living.

But it’s been a long time since small houses were appreciated. We need to learn (or relearn) about small-house living. That’s what I had to do a few years ago.

I grew up in a series of spacious ranch houses. Then I went off to college, where I learned to squeeze my belongings into half of a dorm room.

Had I gone straight from modest college dorm rooms and a few tiny apartments to a small house, I wouldn’t have needed any instruction on how to buy and live in a small house. But I got married while I was in college, and my husband and I bought our first house less than a year after graduation. It was big and cheap because it had a lousy location and terrible decorating. So we spruced it up. Several years later, we sold it for a nice profit, bought an even bigger house, and filled it with kids.

Over the years, we were too busy raising kids and working to mess with clutter, but we had plenty of room to let the clutter sit and grow, so we did. And a large family can produce a lot of clutter! Our basement slowly filled up with outgrown clothes, forgotten toys and sports equipment, and many, many boxes of paper clutter that were mostly unnecessary but contained important papers, so that we couldn’t throw out a single box because it might be holding one of the important papers.

Then there were the birthday gifts no one played with for long and the old television that still worked (so why not put it in the basement just in case?) The giant air hockey table the kids finally tired of quickly evolved into the perfect place to park bags of paper and old clothes. Soon it was piled up like Mount Vesuvius, getting ready to blow should someone accidentally bump it.

Plastic boxes full of old crayons and tiny cans of dried-out modeling clay sat next to bags of old cassette tapes that had arrived with books that were in boxes elsewhere in the basement, or possibly in one of the younger kids’ rooms. After the computer age arrived, tangled piles of old cables began to appear here and there, along with old modems, a few spare keyboards and the occasional burned-out CRT.

Eventually, the kids began leaving home, taking some (but not all) of their things.

“Sure, you can leave that stuff in the basement until you get a bigger place, dear,” I said to more than one adult child. By this time the basement and crawlspace were full, save for a narrow path leading from the steps to the washer and dryer.

About that time, the economy began its steep decline, and we had to sell our big house and downsize our lives. A traumatic event to be sure, though we came through it in better shape than we expected after we moved three times in four years, all the while juggling a couple of storage units that had to be rented, filled, emptied and given back again.

We were forced to deal with our many possessions once and for all when we bought a small house, because there simply wasn’t enough room in it for all of our stuff.

You might be wondering why we bought a house that wasn’t big enough to hold all of our belongings. The answer is that buying a small house made sense: our nest was nearly empty, so we didn’t need lots of bedrooms. We didn’t know what the future held financially, so we wanted to keep our expenses low. And at just the right time, we found a little house with a great location. So we bought it, figuring we would just have to get rid of most of our things so we could fit comfortably into it.

Once we moved in, our small house education began. Living in a small house is so different from living in a big house. It’s not just a matter of square footage. It’s a matter of attitude, of mindset. I’m a different person, living in this house, than I was in our big houses.

I loved our big houses, but I think I’m happier in this one. In A Pattern Language, author Christopher Alexander suggests that people like small spaces, that they feel safer and more protected in them. That may be true, but in my case, there’s something else going on. As much as I loved our two-story foyer, big roomy living area and a master bathroom larger than the bedroom we sleep in now, life in a big house was too much work and worry for me. I realize that now.

For one thing, I had to psyche myself to clean house, which was a multi-day job that required all my energy. (Yes, I had children who helped clean, but let’s face it, that may be character-building for them, but it doesn’t make the cleaning job much easier. Either you have to crack the whip on them, or go back and finish it yourself.)

Our utility bills were big, and often huge: every heat wave required that we either run the central air conditioning and dread the impending electric bill, or sweat guilt-free. Every fall brought with it the annual discussion about how low to set the thermostat, while the kids complained that we were trying to turn them into popsicles. Sub-zero days meant heavy sweaters and slippers. Since we both worked at home, there was no escape to a comfy office via a heated or air-conditioned car, either.

Then there were the property taxes. As house prices soared, so did our taxes, to the point that they were becoming a pretty big burden at over $500 a month. By this time, our house was 20 years old, and we could see that some home improvements needed to be made; ironically, making improvements would drive up our taxes even higher.

Issues like these made us decide to go the small-house route. Benefits include:

  • Lower rent or purchase price than a large place
  • Lower tax bill
  • Lower maintenance costs
  • Lower utility costs
  • Less time spent cleaning (leaving more time for fun, friends, etc.)
  • You can afford a better neighborhood than you could if you bought a larger house
  • Resale is easier for small houses because today’s families are smaller, and there are more single-parent households and lots of baby boomers who are looking for something smaller and easier to take care of.

Let’s take a closer look at some of the advantages of a small house.

 To buy my new book now, go to:

Barnes & Noble