Downsize to Spend Time on What Really Matters
James Altucher writing on downsizing…
A little over a year ago I threw out almost everything I owned. Since then I’ve been living out of a single bag.
I live in random places through Airbnb or other house or room-sharing services.
I don’t have a car. I don’t even have a driver’s license. I don’t have any physical books. All of the books are on my Kindle.
I don’t have medical insurance. I haven’t been for a regular doctor’s visit in maybe 30 years. So why pay for medical insurance?
Someone told me that is against the law. Ok…Find me.
I have a small laptop to write with. If I didn’t write, I would have no laptop. I’d just use my phone.
I talk on the phone maybe once or twice a day. I sometimes respond to texts.
Because I have no address, nobody knows where I am.
I’ve learned some good things and some bad things by doing this.
My relationships with objects has changed. I see how other people mold their lives around their objects.
Their art, their furniture, their decorations. The way they treat their photographs and their books.
People staple their personalities to their objects. Sometimes they staple a personality they want to have. And sometimes they staple who they are. Or something in between.
I don’t do any of that. I have no objects. I just borrow the objects and personalities in other homes for a short time and then I move.
Sometimes it costs to move. And sometimes it costs to buy new shirts and food.
But food and clothing costs – and costs of entrepreneurship – have gone down over the past 40 years. And insurance and education and owning houses have gone up.
My main expenses are when I buy experiences.
Everyone figures out their number. How much they need to retire. Or to live. Or to say “F You” to a boss.
I don’t know what my number is. But it’s less than just about everyone I know. Because I want nothing. I don’t want anything new other than the lifestyle I have.
If I wanted to scale down my lifestyle, I could. If I wanted to ramp up, I could. But I don’t want to.
I don’t think entrepreneurship should cost any money in today’s world of quick entrepreneurship.
I can write and work and live and love from anywhere. Every day I try to reach out to people in order to have new experiences. But that’s it.
If I look back at the past few months, the only money spent has been on experiences and food.
Experiences are always more valuable than objects.
That’s why I don’t spend my days worrying about investing anymore.
I’m done day trading tens of millions of dollars.
I’m done running a hedge fund.
Instead, I use a strategy that gives me much less risk than the overall stock market but also life changing returns.
That way, I can spend my time on what really matters.
P.S. Discover how you can enjoy a more laidback, authentic, independent way of life in The Savvy Retiree Daily. Sign up below to have it delivered – free of charge – to your email inbox.
Image: ©iStock.com/john shepherd