How we got into Downsizing and Debt Free Living

Hi guys we want to start sharing more on video Our experiences with downsizing and simplifying
our lives Because it is something that we really believe
in Yeah finding the core values in your life
is really really powerfull And we just hope that by us sharing our journey That we can help you in your process and maybe Inspire a little bit why don’t you take
it away from the beginning We studied and worked like other people But we were really antsy to start our own
business I think maybe me in particular Yes just a
little bit more So I started a company with two partners
in early 2008 Just when the crisis and the bubble and all
that stuff going on So it was not really a good time to start
a business I joined in a year later and we found out
that we actually Work really well together we also learned
that having Employees and all the management that comes
with that Wasn’t exactly our cup of tea We started the company to gain more freedom
in our life But we were not feeling that freedom it was
mostly Long hours and lots and lots of responsibility
and so on And we also found out that business partnerships
can be tricky Because you might want to do one thing and
take the company In a certain direction but then a partner
wants to do something else There can be differences of opinion on ethical
choices or other stuff We were only 23 and 25 when we started the
company So we kind of just grew up with the company
and learning More about how we wanted to do things Due to the crazy hours in the company I burned
out And I really wanted to make some changes I kept having this voice in my head saying
Keep It Simple Keep it simple the whole time over and over
again And eventually I listened Since I was too tired to do anything I spent
a lot of time on Youtube And I was watching this series called Small
Spaces Big Style And I always loved tiny spaces even when I
started to Become an architect because I think the challenge
is amazing And then in one episode there is this interview
with Jay Shafer Living in a tiny little house on wheels and
i got so intrigued That I googles him and found another video
by Kirsten Dirksen I was hooked immediately At first I didn’t really get it I didn’t
understand why would you Live in a tiny space if you can live in a
big space But I think was eventually got me hooked was
the Financial part to it because we worked up
quite a lot of debt From the company and we needed that to go
away Because we wanted to start something new So getting rid of the debt and the whole financial
aspect Of downsizing really caught on to me We started looking at what was important to
us as a couple And over a period of a year I think we defined
our top 3 priorities Which are [drum roll] number one: Financial
freedom including Being debt free and number two is: Geographical
Independence And three: Time we wanted more time in our
lives So in order to get our finances under control
we decided To rent out two rooms in our apartment here So we went from four rooms to two rooms and
from A thousand sq.ft.

To around 500 sq.ft. We started downsizing everything we got rid
of furniture Kitchen appliances toiletries and clothes We went through everything we donated a ton
of stuff And we sold a lot and we actually made a lot
more money Than we thought we were expecting to be able
to You will be surprised what people want to
buy Yes and that really helped in paying of our
debt I did the 100 thing challenge where you commit
to only Own a hundred things for a year and I did
the project 333 To downsize my wardrobe which was really helpful
and fun We will put at link to those two challenges
in the description And maybe we should do a video on them probably We might do a video on those We decided to get out of the company and I
think the whole Process took a whole year and it was a very
exhausting time Because we like to startup things and we are
not big fans of Shutting down things we worked our way out
of debt And towards gaining geographical independence
and More time in our lives but it didn’t happen
over night Four years ago we started paying of our debt
and We just finished our bank loans in december
and we Now working on our student loans which we
hope To be done with in a few months and that will
be the first time That we are actually debt free forever in
a long time I don’t even remember what it feels like So now we work together and we spend as much
time Together as we can we travel as much as our
budget Will allow and we still rent out two rooms
in the apartment To keep the expenses down We are not perfect
in any way And our journey has had plenty of ups and
downs So we would just like to hear from you guys What your journey is like or has been like
what you learned And please leave any questions for us in the
comments And we will be happy to answer them We will try to have a new video up every week
and Share the process we are going through with
you guys So be sure to subscribe if you want the videos See ya

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