Reason for this Goal: Declutter your life. Wherever you live now, or aspire to live in the future, make a decision that you will live in a house that is clutter-free. When your living space is full of extra clutter, it can be emotionally draining and lead to decisions to not want to invite friends and family into your living space, which is counterproductive to the desire to develop great relationships with your friends and family. It may lead to negativity about your overall living space, and a feeling that you’re not living a good lifestyle.
The best thing is of course to avoid clutter in the first place. But if it's too late for that and you already have lots of clutter, the following are examples of things you can do to declutter your life:
Remember that less is more.
Anyone who has or has had children know that the complexities of living in a clutter-free house goes up significantly with children. Find places for your children’s stuff, and develop rules for keeping the house tidy and organized at an early age.
More importantly though, all of the clutter cost you or someone else money which could have been better spent. Every dollar you spend on things you don't need represents multiple dollars down the road that could be part of your retirement savings. If you invest wisely and can produce a 7% annualized return, your money will double every 7 years (the rule of 72). Over the course of 40 years, your $ 1 in clutter could have become $8. (i.e. $1 becomes $2 ten years later, then $4 and then $8 in 40 years). If your annualized investment return is 10% instead of 7%, there is a 5X doubling in just 35 years (resulting in the $ 1 representing a future value of $32!), through the compounding effect.
Suggested Goal(s): Declutter your life and living space.
Your Outrageous Goal: Keep your living spaces decluttered for the rest of your life.
While this is a life goal included in this lifestyle area of goals, it could also be considered in the financial goals area too. Avoiding the purchase of clutter in the first place will help you reach your financial goals much sooner.
Return to lifestyle goals.