Downsizing for the future

Downsizing: a word that strikes fear into many. People don't like to do this and pay for it with debt and cash flow problems. Businesses delay in their performing of it and suffer long-term growth.

Moving up is always much more enjoyable than moving down. I mean, come on. Who wants to sell their nice, newer vehicle and get a beater in order to get out of debt? Or, who wants to sell their home and move into a small apartment in order to get their family into a better financial position?

Downsizing can be a good thing, though. A lot of waste and expenses can be shed when people and business get smart and downsize out of sheer necessity. If you can take the long-term view that your downsizing is a short-term solution to get you in a better financial position for the future, you will have the motivation to make massive changes.

I'm currently undergoing some massive life changes where I'm working through this issue myself. I'm not doing this because of debt or financial problems. I've been debt free for over two and a half years now, but I want to simplify my life and put more margin into my finances to build a stronger foundation for the future.

Is it fun? No. Is it hard work to get rid of a lot of stuff and prepare for a move? Yes, at least in the short run. But, I have the incentive to perform these difficult actions for a brighter, more prosperous future.

Have you ever gone through downsizing in your personal life or business, and did you have a positive outcome as a result of your action?