Considering A Sale Leaseback On My Home

Real Estate and Cash concept on green blackboard

This idea came to me while away fishing and the more I think about it the more appealing it becomes. Sale leasebacks are common in the commercial property arena but I couldn’t recall seeing it discussed with respect to residential property. I googled “sale leaseback residential property” and was pleasantly surprised to find that some people are already doing it.

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Gone Fishing!

Gone Fishing Message.

Well it’s that time of year again when I leave town to do some fly fishing for Atlantic salmon on the mighty George River. It takes us two days to get there, but the trip is always worth the pain. It’s wonderful to be able get away from computers, the internet and the news which always seems to be bad these days. Everyone needs a break, a chance to recharge and the George River does that for me in spades!

Will be back in Toronto on Sept 8th.

Mike

Don’t Fall for The Great Retirement Con (Part 2)

Snake oil Salesman

Over the years, like many of you, I was lulled into believing that retirement was the natural conclusion of things, the final step so to speak. I bought into the deal that my role was to work for thirty plus years, pay off the mortgage and help the kids get through school and off to a good start in life. Once that was all done, and my major responsibilities were behind me, I would be allowed to retire. But retire to what?

Nobody really talked about that part of the deal and that was the part that I was really interested in. Something started to smell funny. Remember, I’m skeptical and so I started to dig deeper into this retirement thing. I was surprised when I finally came to discover that retirement is a relatively recent twentieth century phenomenon and that prior to the industrialization of this country, retirement didn’t exist at all!

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Don’t Fall For The Great Retirement Con (Part 1 of 2)

magic, performance, circus, gambling, casino, poker, show concept - magician in top hat showing trick with playing cardsI don’t like to admit it, but over the years and due to circumstances largely beyond my control, I have turned into a skeptic.

I wasn’t born a skeptic, but who here can really blame me for turning into one with all the crazy stuff going on in this world? Today people seem to say anything they want. They just make stuff up. If you want proof of this, just watch the current race for the presidency in the US. Enough said.

I discovered I was a skeptic one day while drinking bottled water.  You see I used to get clean drinking water at a number of places in my house. As a matter of fact, I could even get drinking water outside my house. I just had to pick up the hose and there it was, as much as I wanted and best of all, it was basically free. I think we can all agree
that when healthy things are free that’s a pretty rare and good thing, especially these days. Continue reading “Don’t Fall For The Great Retirement Con (Part 1 of 2)”

Friday July 29th Was a Big Day for Me!

Hands of caucasian businessman addicted to work bond and locked with iron chain handcuffed to computer laptop in workaholic, internet slave and addict conceptFriday July 29th will be a day that I will remember for the rest of my life. After thirty-eight years, I finally packed in my banking career. To be honest, it will take some getting used to as my banking job played an important role in my life.  It provided financial security for my family and gave me a good reason to get out of bed most mornings.  My career, like most careers, had its good and bad points. Overall though, it was a good ride and one that I will miss to some degree, but I had to leave in order to publish Victory Lap Retirement and create my blog.      Continue reading “Friday July 29th Was a Big Day for Me!”

Rediscovering Your Inner Child in Your Victory Lap Retirement

Baby on ComputerThe other day I was talking to a gentleman about how, in our Victory Laps, we have the opportunity to start living like a kid again. He thought that was a little weird, but I think I finally won him over by triggering some long forgotten memories in him.

Remember back to when you were a kid in school. Back then, we had no fears and anything seemed possible. We dreamt such big dreams like competing in the Olympics or becoming the president of a large company.

Life used to be such an adventure back when we were young but unfortunately over time we tend to bury our hopes and dreams, deep down inside us. We are driven to obtain financial security for our families and save up enough for eventual retirement but at some point we allow ourselves to be assimilated by our jobs and start following the crowd. We end up acting like everyone else, without knowing exactly where they are taking us, and live by rules drawn up by someone else. As a result, many people just sit back and watch their dreams slowly wither and die. They follow the same dull, boring daily routines, and feel overwhelmed by the pace of their lives, their jobs, debts owed and family obligations. When we allow our dreams to die our soul isn’t far behind.

Young people have little in the way of financial resources, but seem to have the ability to live where they want, travel where they want, and have no fear of doing what they want to do in life. We can learn (perhaps re-learn is a better word) a lot by watching and listening to our kids. The challenge we boomers face is to find a way to open our minds and take a new approach to life as our past experiences and old prejudices keep getting in the way. Don’t settle for just getting by and start looking at the world with fresh eyes. We all need to start living again just like when we were kids.

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Managing Time in Victory Lap Retirement

Clock FaceDuring my visits with my mother at her nursing home, I tend to observe and think a lot. After all these years, I smile when I see that she is still teaching me lessons about life. It was there that I realized that my own game clock was ticking down, two periods done with one to go and I was running out of time to do the things I still wanted to accomplish before it was game over. Time is fleeting and it is best to use it to your full advantage while you still can.

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Time: Your Most Valuable Asset

Clock face and calendar in sky“Time is more valuable than money. You can get more money, but you cannot get more time.”  – Jim Rohn

It wasn’t until I began working on Victory Lap Retirement that it came to me that time, not money, was now my most important asset. The relationship between time and money had changed for me over the years. When I worked in the corporate world, I willingly traded my time for money and I would use that money to provide security for my family. My efforts were focused on working hard and getting a promotion in order to get a bigger salary. I was willing to invest more and more of my time in order to make that happen because that was the way the game was played.  But when I was finally able to achieve “Findependence” trading my time for money no longer felt like a fair exchange, other things became more important and something inside started pushing me to become the real me. The only problem was that after all those years in the corporate world I had forgotten who I was, but thankfully I was able to figure that one out eventually. Continue reading “Time: Your Most Valuable Asset”

It’s Going To Be Fun From Here On Out!

Active Retirement and HobbiesIt’s fun now because Jonathan and I finally get to enjoy the fruits of our labours. The book has been written, the Victory Lap Retirement (VLR) website and blog has come to life and we received our first book order yesterday. But there is much work to be done to accomplish our goal of building the VLR tribe and helping as many people as possible start their own version of a VLR lifestyle. Great things take time but the results are well worth it once you get there!

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It’s Going To Be Quite A Ride!

Man on a Bicycle running on the road

Yesterday I finally got around to getting my old bike out of the basement and taking it out for a ride. I’ve been promising myself to do this since early May but something always seems to get in the way. Now that the book is basically done and the blog is up and running I don’t have any more excuses, the hard work has been done and the hay is in the barn as they say. Continue reading “It’s Going To Be Quite A Ride!”