EP 74: The Risks and Rewards of Downsizing
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What you’ll learn in this episode:
Financial planning is crucial for making tiny living work.
Weather risks are increasingly impacting housing decisions.
Insurance costs are rising due to climate-related risks.
Tiny living can reduce the overall risk profile of homeownership.
Travelling in tiny homes increases liability risks.
Career transitions pose significant risks in modern life.
Gaps in safety nets can lead to financial stress.
Downsizing can lead to a gentler, less stressful life.
Creating a safety net is essential for resilience.
In this episode of Less House More Moola, host Laura Lynch explores the intersection of tiny living and financial planning, particularly in the context of increasing climate risks and the changing landscape of homeownership. She discusses personal experiences with recent weather events, the implications of insurance costs, and how downsizing can mitigate various risks. The conversation emphasizes the importance of creating a gentler life through reduced financial burdens and increased resilience against unforeseen challenges.
For full show notes and more information visit: https://bit.ly/3UkaZq9
Quotes from the episode
“Tiny living can also increase some risks.”
“There isn’t a conversation that I have that isn’t about weather risk.”
“The pace of change has never been this fast.”
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