What is standing in the way of you finding the perfect “second act” career or moving to a place where you can make that happen? What could it possibly be that is keeping you from Austin, Raleigh-Durham, Seattle or Santa Monica? Or, Des Moines, Santa Fe or Savannah?
If it’s money that’s holding you back, your so-called “monthly nut,” then it’s time to re-invent your budget, so you can re-invent yourself more easily.
If you tell me you’re going to need $3,500 take-home or about $5,000 in gross monthly earnings, I’ll ask you, why so high?
It’s probably a house mortgage and a car payment that has you captivated and not very flexible in what you can pursue
I live on $1,200 a month and have an immense freedom to pursue projects. That means I only need about $1,700 a month gross, or $11 an hour in a 40-hour a week job.
Here are some actions you can take. They’re not easy, but they are liberating:
- Sell your house and your furniture, and find a cheap furnished room on Craigslist, or find a hacker dorm in an urban area.
- Sell your car if you’re moving to an urban area. Public Transportation. Uber, ZipCar and Hertz have you covered. I used to take Golden Gate Transit from my house in SF to a gig in Sausalito, and the commuter buses had wireless, so I could bill client work while I traveled. Plus, I rode the ferry boat home, with spectacular views for unwinding.
- If you don’t sell your car, get a smaller cheaper model like a Honda Fit. My friend fits his entire rock band and band gear in that little baby for weekend gigs.
But my spouse would never go for that, you say. And we need that extra spare bedroom for the kids to visit.
I would contend that the time is now, to make yourself viable for the next 27 years, and that if you find something fulfilling and you have good fortune, your spouse will be happy and so will your kids. They don’t particularly like that spare bedroom arrangement anyway.
How do you fit the proverbial camel through the eye of the needle? By making it skinny, of course!
Tell us about your successful late life/career hack. Email us at firstname.lastname@example.org.