Purchase Big Ticket Household Items Before Retiring
Living abundantly, and responsibly, in retirement starts with a core income principle: stay cash flow positive. Allow money to come into the front door on the first of the month and not disappear out the back by the fifth.
Before you retire, take inventory of anything needing to be fixed, purchased, updated or renovated. Make a clear and prioritized list, estimate the cost and then start checking items off of your list. Important: if you know an expense is on the horizon, but not here yet, put it on your list rather than letting it surprise you and your income plan later.
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