More than one way to solve a problem

Waimea Falls 006-A

Waimea Valley, Oahu.

Some people have financial difficulties.  Others have health issues.  If it’s not one thing, it’s another.  It amazes me how so many people have tunnel vision, thinking there’s just one way to solve a problem.  I believe in thinking outside the box.  Be creative.  Do your research.  Consider all your options.

For instance, in 2010, David was demoted from comptroller to accountant and sustained a $23,000 pay cut.  When the new comptroller resigned, David was promoted back to comptroller, but his previous salary wasn’t restored.  As a result, we had a hard time making payments on our two mortgages.  David said we should sell our house and then rent a small apartment somewhere in town.  I hated the thought of doing this, because I loved our home.  We had purchased it in 1991 and had poured a lot of our time, money and energy into it.

Then, I saw an advertisement in the newspaper, which extolled the virtues of a reverse mortgage.  I called several places regarding a reverse mortgage and finally settled on a bank.  The house was appraised, and all the documents were signed and notarized.  The bank paid off our two mortgages and gave us a huge check to deposit into our checking account.

Whew!  That was amazingly easy, and we have no regrets applying for a reverse mortgage.

This year, David decided to retire permanently.  He was tired of being an accountant and hated the stress of dealing with unpleasant people.  We decided to become landlords, instead, and we now rent our master bedroom and master bathroom to a tenant who is rarely home.  Our tenant likes the security and privacy of his unit, which can be entered only from the back yard.  A win-win situation for all of us.

Who would have guessed that retirement could be so good?  We have no job-related stress, and we are totally relaxed and content.  If only everyone could be so lucky!

As I said, if you have a problem, there is more than one way to solve it.  Be creative, do your research, and consider all your options.

9 Responses to “More than one way to solve a problem”

  1. mary jane s. Says:

    I think most people just don’t think they can surmount any problems anymore, they only think of the present moment..I so wished my hubs of over 40 years would have retired a long time ago..The company was dreadful and he is happier now..Sure we don’t have a bundle of money but really a persons life is worth more than money indeed..You live in Hawaii I have met people who lived there and now live there, there is something about the land, sea and it’s people who are happier, they don’t rush around like a person with a time bomb strapped to their body, no they don’t, they live a lot longer than those on the mainland do, I have proof of that, it must be the native people on Hawaii get the fact we are here for a few precious years and take advantage of love and family and their health each and everyday, they don’t in the mainland at all! happy Hanukkah love your blog, keep well enjoy the retirement and its many advantages!!!!!!!!!!!!!!!!!

  2. DeniseinVA Says:

    I am glad things worked out so well. Happy Holidays to you and David!

  3. Jan Says:

    You are a very creative thinker, Gigi, and I’m so glad you were able to find a way to stay in your lovely home. Merry Christmas to you and you family! 🙂

  4. Christine Says:

    You are smart, you both are.

  5. Jeanie Says:

    What a wonderful thing to be happy with decisions you have made in your life. I wish you a Merry Christmas and a long life in you much loved home.

  6. dkzody Says:

    After retiring I certainly feel healthier than I did while teaching. The stress was getting me down. We had the house and cars paid off, though, before we retired.

    Today a young saleslady came to the door telling us of a scheme to put new windows in our house for no money. The bill would be attached to our property tax and would be paid off over a long period that way. I’m thinking this is probably not the best way to get new windows for our old house. Especially if we decide to sell and move elsewhere. The plan does provide jobs for contractors, though.

  7. Linda Reeder Says:

    I’m glad it’s all working out for you. The ability to have stress free retirement years is a true blessing.

  8. SchmidleysScribbling Says:

    Good advice Gigi. Happy Holidays!

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