Seize the Day

If you have been reading this blog for a while, you already likely know that I do change my mind about things and often shift plans around as needed.  Basically in a nut shell, I’m flexible and I value that.  As such, I made the decision to pay off my mortgage faster than I needed even if I could have made more money investing.  I valued the flexibility of that plan since not having that payment allows me more options in life and it starting to look like that was a very good idea.

As an example, recently a family member dropped a bomb shell of news on us which involved her moving across the country to the east coast.  So know we are in the odd position of having a place to stay and an excuse to take a vacation out east next summer instead of a few more years down the road after the kitchen renovation was complete.  So right now we are wondering about planning a three or four week trip to explore New Brunswick, Nova Scotia, PEI and Newfoundland in 2013.  This won’t be cheap and will consume a lot of our time, but since we can afford it along with our other plans like a kitchen renovation we will likely still do both.

This is merely an example of the flexibility that I desire so much in life.  Without the obligation of debt I’m free to pursue these opportunities that come up in life.  While the trip was a personal example, this also applies to investments or business ventures.   After all, having cash handy is why I could buy some of my investments and end up with a abnormally high yield in my TFSA account (which is about 12% based on the original contribution amount).

So with others might regret opportunities that pass them by due to a lack of cash I’m starting to seize the day a bit more.  While yes if I make too many of these personal choices, it might cost me some time on retirement date.  I’m not worried, as I know you have to enjoy the journey just as much as the destination or why bother taking the trip?

So do you often seize opportunities in life?  If not, what holds you back?

2 thoughts on “Seize the Day”

  1. Being free of debt is an incredible feeling. I recently finished my student debt, and have been enjoying just setting savings goals and watching it build up over time.

    As an east coaster myself, I’d highly recommend a trip! Just don’t stop in Nova Scotia – go all the way to Newfoundland!

  2. TIM – you have hit the nail squarely on the head. My philosophy differs from yours slightly. I plan to retire later than most but I live my life and do the things I want to do NOW while I can enjoy them. My wife and I made the mortgage repayment a priority and had it paid off in 6 years (but now she want to go out and get another house – careful with this one – they say they are happy with the house but when that mortgage gets paid off they start dreaming about castles in the sky!)

    I say go out east (in the summer) and enjoy it! It is actually quite an affordable destination with great people and cozy bed and breakfasts.

    Live your life now and enjoy the flexibility. When you are 50+ your health may not allow you to do some of the things you always wanted. Go out and enjoy your life. With proper planning it can be done and you don’t have to get into debt to do it – just focus on whats really important and leave the material things behind.

    PS – I finally got my book done and to market – Check it out: How To Eat An Elephant – One Day A Month To Financial Success http://www.howtoeatanelephant.ca

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