What is the reason behind downsizing?

A lot of personal finance books and financial commentators have talked about downsizing after retirement. Downsizing as in move in to a smaller house, cutting down your expenditure, and etc.

I really can’t understand the logic behind that.

Shouldn’t one aim to enjoy life as best as they can and do things that they love, which in this case, after retirement? Shouldn’t one aim to at least maintain the lifestyle before retirement?

Perhaps, it’s the view of financial planners from the previous generation and frankly, I don’t buy it.

About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.

Comments

  1. downsize to pay for the pricey advice they give u

  2. i dont actually find that kind of downsizing moves in personal finance books. what i found was u need to downsize if u were late in financial planning. to achieve certain goals, certainly downsizing before retirement makes sense. as for during retirement, if u cant achieve what has been planned for, then it also makes sense to downsize. one should be able to do what one loves after retirement if he/she planned well for them. no plans mean one is going down a hilly road.

  3. You’re right. I don’t the see the point of downsizing if we have our plans worked out before retirement.

  4. I thought usually personal finance books ask you to maintain your lifestyle after retirement?

  5. You’re right. I don’t the see the point of downsizing if we have our plans worked out before retirement.

  6. downsize to pay for the pricey advice they give u

  7. Ukur Baju di Badan Sendiri. Pensioners will losing as much as 2/3 of their last payroll slip. It includes allowances and benefits..

  8. Based on my experience playing cashflow e-games by Robert Kiyosaki. I found that downsizing is like you stop/suspended from getting your income which you suppose to get on basis.

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