“I take care of our finances so, at that moment, it just felt like it was all on me. Like I had let my family down.” - Anik Tracy
To downsize or not to downsize?
This question may not be what Shakespeare had in mind, but it’s a question that is on the minds of many people during this current economic moment, from up-and-coming professionals to families to older retirees. And it’s a question that my guest for this episode, Anik Tracy, has recently answered for herself — to great success. Anik and her husband, Justin, recently sold their house, stripped away their debt, and moved into a smaller space with their two beautiful teenage boys. The family is now living life on their own terms, free of stressful debt.
It worked for them, but will it work for you?
Anik and her husband followed the conventional route of home ownership, moving from a townhouse to a single home to a larger property in a more affluent area (complete with necessary renovations and remodels), but discovered that this path caused them some financial difficulties. “When we were in our 30s, we thought we had all the time in the world to pay this mortgage off,” Anik explains. “But then when you get in your 40s, the amortization period no longer coincides with when you plan on retiring, so that gives you pause.”
While many people experience these exact same issues, embarrassment and shame causes them to avoid talking openly about it and getting the advice they need in order to climb out of their debt and build more satisfying and sustainable lives.
So, today, we are going to talk about it!
“You’re not alone with your debt levels.” - Melissa Houston
In this episode, we’ll explore:
Highlights:
Links:
The 5-Step Roadmap to Biz Finance Freedom
https://melissa-houston-cpa-cga.mykajabi.com/5-step-roadmap-to-biz-finance-freedom
Work with me
https://www.melissahoustoncpa.com/work-with-me
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