Salt Lake City Bets You’ll Trade Dollars for Balance

Read article : Salt Lake City Bets You’ll Trade Dollars for Balance

Ask someone to name up-and-coming technology hubs and you’ll likely hear about places such as Austin, Portland, or Vancouver. If they’re really on top of things, you’ll also hear about a metro area you may not have expected: Salt Lake City.

Yes, Salt Lake City. It’s a region pegged as conservative and blandly business-like. But in truth, Salt Lake City’s tech sector dates back to the 1970s, when WordPerfect and Novell set up shop in the area. During the 1990s, Ancestry.com and Omniture were founded there; when Adobe bought Omniture in 2009, it liked the locale so much it began building campuses for other business units.

Locally, the area’s tech scene is known as “Silicon Slopes.” It encompasses the area from Ogden south to Provo, with Salt Lake City in-between. JD Conway, senior talent acquisition partner for HR solutions provider BambooHR, believes the local tech community is unique because of its combination of established tech companies that continue to grow, its attractiveness as a location for Silicon Valley companies that want to cost-effectively scale up, and its “perfect soil” for startup growth.

An Unusual Business and Lifestyle Mix

Local tech leaders agree that the region combines an unusual mix of lifestyle, business and economic factors that make it attractive to tech pros. “It’s a really good ecosystem of companies that balances work, technology and lifestyle,” according to Matt Bingham, vice president of product at Instructure, a learning-software company headquartered in Salt Lake City. “What I’ve found in 10 years here is that there’s an allure with the lifestyle, along with a great tech experience.”

“There aren’t many places in the world where it’s faster to get to a ski lift than to make a short commute to the office. You’ve got that here,” added Nathan Rawlins, CMO of Lucid Software, which makes cloud-based design applications in the Salt Lake City suburb of South Jordan. “Just the other day I met with someone at 10 in the morning who apologized for wearing board shorts to the meeting. He’d been out wakeboarding before heading into the office. I think most people would gladly give up those quality hours on [Silicon Valley’s Highway] 101 every day in exchange for a wakeboard run, hitting a mountain bike trail, or getting to the slopes for some night skiing.”

Opportunities Now, and Growth Predicted

While it’s certainly true that lifestyle and flexible work hours are attractive to tech pros, so are compensation and growth opportunities. And here’s when a decision on whether or not to work in Utah comes down to personal preferences.

Like most regions of the country, Salt Lake City faces a shortage of technology talent. Bingham describes this scarcity as being driven by growth: Companies are expanding faster than the talent pool. As a result, businesses are already competing hard to lure the best tech pros they can find, both locally and from other markets. “With so many growing companies, there’s demand for just about any role,” Rawlins said.

For his part, Bingham emphasizes engineering. “Anyone with an engineering background, you’re needed here,” he said.

In terms of dollars, however, you probably won’t make as much in Salt Lake City as you would in California or New York. According to Salary.com, for example, an intermediate-level software engineer in Silicon Valley earns a median salary of about $103,000; in Salt Lake City, they’d make around $83,000. Dice pegs the average tech salary in Utah at $89,798, lagging many of the nation’s tech hubs.

Interestingly, Salt Lake employers don’t tap dance around the salary differences. “Salaries aren’t as high, but disposable income is,” said Bingham. And as companies grow, he expects to see compensation increase.

“A higher quality of living is attainable at almost half the cost of Silicon Slopes’ cousins in the Valley,” added Conway. “Because of its lower cost versus higher quality of living, more tech pros see it as an attractive place to relocate, and fewer native Utahans see the need to leave.”

A look at Zillow.com backs that up: The real estate web site reports that a 1,500-square-foot, three-bedroom, two-bath house in San Francisco recently sold for $1 million. A similar, 1,700-square-foot house in Salt Lake City sold for $228,000.

Near-Term Limits

Still, Bingham noted, the fact that Salt Lake City’s tech sector is still relatively small limits the possibility of movement, at least in the near term. Though the breadth of opportunities is growing, “you don’t have 20 different startups to jump to every 12 to 18 months,” he said. “This is a good place for a three-year gig, as opposed to a 12-month gig.”

The bottom line is the Salt Lake City area is changing rapidly in terms of business, technology and culture. Though known as a conservative area, the city has grown “quite cosmopolitan” as more people relocate into the region, Bingham observed. Established companies continue to expand their footprints, while local colleges and coding programs build up the entry-level workforce and feed the startup population’s labor needs.

“I’m confident the tech scene here is going to continue to thrive,” said Rawlins. “So many tech companies in Utah have followed what has been an untraditional path, with a focus on profitable growth and strong fundamentals. That’s a recipe for long-term sustainability.”

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The Ogden Standard from Ogden, Utah on April 1, 1918 · Page 11

Read article : The Ogden Standard from Ogden, Utah on April 1, 1918 · Page 11

J L ' THE OGDEN STANDARD: QGDEN, UTAH, MONDAY, APRIL 1, 1918. I r, , RILNT-SEXL-BUY TeSU.t gJ 1 I Classified Ads r THROUGH Standard H 1 Lead STANDARD WANT ADS, w-Ads 111 I WANTED I Female H el p fcfiSSDFirsi class stenographer. Ld Scowcroft & Son. 5038 general housework. Small tamlly 2972 Washington avenue. 4083 M r7nv"to represent Nubone Corset JSpany m Ogden. Phone 2090-J. 4078 flt rnarTtoVork by the day. Mrs. V gjdne) Stevens, Adams. 4"d5 Male Help SRtjng man" collector with bicycle. Pennant position. National, 54 Wash. JJJg W.MFP First c I a - - - lonographrr. jolin Scowcroft & Sons. 5089 5nfjNG man m help make candy A rhiiice to quickly learn a trade that Svs from 5100 to 5150 a month. Goad JjjLg Whlc learning. Greenwell's Confectionery 5013 OOUD salesman wanted Salary and commission. Address with references., Ilox 200. Standard office. 40o- 'ranchmen and sheepmen. We furnish .ill kinds "I ranch In -Ip ind sheep herders to you free. Interstate Employment Agency PbODe1246 H9 2r,th St TWO first -class machinists and two fir-t class bollermakers. Inquire Sup , Oeden Sui,'ir factory, Amalgamated Sugar Co. syyt f. Situation Mp m roofs'"' " " ' v-fyvyx LADY with babe wants work on ranch m 15ox 50 care Standaul 5ul5 3 WOMAN wants work by the day. Pbone 273-J. 4U76 GARDENS ploughed Phone 611. 3924 HEFINL) ycung woman wishes posi- J uon as office assistant in doctor's or ' dontibt's office Bo 10U, care Standard. 1U61 . ! CARPET and rug weaving, Ph. i:3S2 J. i 3553 i CHIMNEY SWEEP. FURNACLS and chimney cleaned. I Leo Bstera, phone lio2. 205U FOR REffl" gpard and Room J J HQME -COOKED meals, 518 25ih St. 3378 : ROOM and board at olS 25th. 3756 i FOR SALE Sewing Machines ANY make tewing machines sold or repaired. Easy terms. Freight paid. ; Walker Electric Co , 150 S. State, Salt I L-ike City. 3848 ! FORSAL OK f RAEj - DRY Una in southern Idaho; iaise wheat and Le independent Fur lnlor- mation address J., care of Standard. U 5002 I m GROCERY store with five modern rooms above. Box 33, care Standard, i .JU26 1 FOR SALE j Washing Machines t GUARANTEED electric washing machines fiG Easy terms. Freight paid i Walker Electric Co., 15D S. State, Salt Lake City. 3849 liALFll 1J. liCNTEIi, Lxtabliahed ; 18S&. Mortgago Loans. Real Estate, Insurance, Utah, : Jabo lauds, farms f and city property. l"ersons desiring to j loan mo. y on good first mortgage security will do well tu consult me. Uood appbcati..a? always un hand 1 24th St , ugdcq, Utah. 3330 W. N. Pierce Agency Real Estate. Insurance, Loans, Notary. 15 Comnier- cial Bank Bldg;. Phone 300. 6 MONEY to loan on roaJ estate eecur- y. J. j. LrummltL 6-21-tl EAE ESTATE, Mor'.saco and Lotas. Kelly & Herrick. G-lfc-tf j WANTED a To Buy lyiT price" p;i Id forsacks. Grout's Grain store, 334 24tb SL 3236 TU buy bouse io be removed to own Pi operti. Address A. T. care Stand - 5016 WANTED' ; senls QLTt.K selling proposition; good men pJ. Boyle Hardware Co. Ask for Jacobs 50Q7 WANTED Good live salesman. Apply 2482 Wash. Phone 1m;. 5008 I FOR SALE j Vacuum Cleaners Pi0IL elecLric. 5-ear guarantee, July $30 freight. Paid. Walker Electric lro-. 159 S. State, Salt Lake City. 81 150 6 PATENT ATTORNEY IrA TENTS, patent drawing, enruraer-tal draft ine industrial Engineering company. 435 Atlas Dlk., Salt Lake JPboae Was. 6260. 6009 TOR RENT I Furnished VW'u nice looms, flghi housekeeping gas, hot and cold water. Phone 1286 2154 Monroe. 5055 MODERN furnished apartment for rent. 429 Hemck. 5062 Fl'RN. housekeeping apts. 2203 Wash. 5059 NICE r-uiny; ,-, ;iMnable; 2650 Madi-son- 5050 THREE clean rooms, pantry, clothes closet, lawn, shade. Phone 1127-M 5027 4-ROOM modern cottage, sleeping porch,; no children; 2531 Lincoln 5085 , NICELY fnrn up -to -date 3-5-rm, apt Ideal location. No children. 2341 Adams' 4051 FOUR room modern house furnished, ! ?20 per month. 1017 Twcntv-first Inquire 9 1 8 Twenty-first. 40S8 1 I -ROOM mod with barn and chicken coops; acre of ground. 2 block? from Harrisville car line. Phone 22C9. 5000 MODERN furnished apartments. 231' -'7th. 4006 ' CoRPJY Apts Modern, reasonable, furnished house. Phono 2925-2566' Wa-li aenue. 4082, " ' -I. HOTEL, 217 Hi. Rooms 82.00 and 82.SO. 4000 1 NKJATLY furnished rooms, 2247 Adams. 3983 ROOMS and hskp. rooms, 2547 Lin- 4003 ! NICELY fur. rooms for gentlemen; hot water, shower bath. 2452 Madi-'son- 3933 j HOUSEKEEPING rooms, 2220 Lincoln. I 3917 HOUSEKEEPING rooms. 2353 Mon-roe- 3873 FURNISHED hskpg. rms. 330 23rd. 3736 NEWLY furnished Apt.. 333 21th. 3510 11 RNiSilED housekeeping rooms and bachelor apartments. 2337 Adams rear. Phone 1686-R. ;;crjl NEATLY furnished rn:s. 333 24th. oo64 PEARL. Twenty-seventh and Grant. Phone 2920. 206 SEE the new Plazn Apts. l'rlces from $23.50 to 37.50 pcu month, including light, heat and gas. Phone 2208. 155 HOUSES and flats. 3634 Grant- 9-18-tl : u ji Unhiriiish&S B A GOOD 6 room modern house, wellj located, close in, cheap to the right . party. J. J. Brummitl, under Utah National bank. 5068 j ONE large room. S4.0Q per month. 3050 I Adams. 5064 j 6-R(i)M house. ?11 . month 1112 25th St. Phone 2676-XV. 50661 3-ROOM house. 2071 Adams. 5053 SMALL house and 4-A orchard on 12th St. Call 1950-R. 5040 A GOOD 4 -room house in the- railroad I district, 12 J. J. Brumniiit. Phone ' 69. "a 1 oS 3-ROOM house, pantry, clothes closets and lights. 2032 Ballantyne. 6U29 SIX room cottage at 1018 Washington. 1 Inquire Mrs. Spencer, court house. 5021 UNFl'KMSl 1 LI four room modern apartment, 2743 Grant. 5uli ONE 7 -room modern house; gas range connected. 2035 Adams. 4074 ARGYLL 3-room modern apt. Phone 1008 -NJ. 4014 5 ROOM modern house. Call 1220 -R. 4019 3 U00M apartment in P ery Apartments. Apply D. H. Peery Estate, Ogden theater. 3LL4 APT., 3 small rooms, partly modern, 510.00. 663 27th St. 3984 MODERN 4-rm. Apt., summer kiichen. Ideal location. Phone 102. 3827 FuR Sale 1917 Ford; call at 32 1 1 Stevens avenue after 5 p. m. 5042 CAR in good running order, good tires, i.r. fl2J,00. Parly leaving. 267C-W jUi7 A 5 PASS. Bulck 6, run less than 1500 mi. 506 Plaza Apts. 3958 WANTED to trade 7-passenger 1917 (handler for ear of equal value in I or 5 passenger. C. A. W. Wrights. USED CARS. WE now have the following used cars ready lor sale: 1 1914 Overland Touring $300 1 1915 Overland Touring 650 1 1916 Overland Touring 550 1 1916 overland Roadster 450 1 1916 Overland Roadster 3oO 1 1916 Overland Six-cyl 1000 1 Grant Six Touring C50 The most of theso cars are rebuilt and repainti d and run and look like new. Terms will be given to responsible parties. BROWNING AUTO CO. 3S87 To ( lean amisle:d woods, rub with a chamois leather wrung out of cold waier, then polish .with a soft duster. i Tor1ale " j ! Real Estate j GARGAINS. Frame house, u blocks from Washington Ave., $1850; $150. $20 principal and interest, I ''j .'ere : room house, fine garden land and other improvements. $1700. irrigated. 67 dry f irms, so-... re pasture, well Improved, 86000 5058 FEDERANL LAND CO. RESIDENCE 230S Adams Ave., on lot 82.5 ft by 132 ft. Mrs James C. Leg-gett, Eastern Hotel, Dunkirk, New York 506O 40 acres all planted to alfalfa; near beet dump, canning factory, school and tc. 18000. 10 acres pood 7 -room house, barn, chicken coops, team, harness and wag on, mower and rake, plow and barrow two cows, 25 chickens This proper is near Ogden on car line. Price 60(n and will take home in town as first payment). It its tanu land ou are 1 looking for see us. J. F. WALKER FARM LAND CO 201 Eccles Bldg Phone 862. A GOOD modern 5 room house, within four blocks of the Union depot, nice lot. trees, everything i,n good shape.: renting tor $20 per month. Only J18Q0, ISQO ash baiftpefl an timi q stm Pili: house is reasonably worth about' $2800 Just the thing for a railroad j man. J. J. Brummitt, under the Utah National bank. 5069 OWNER must sacrifice 5 -room mod hflllin rlrico in l-jroo lr.l orwl xvttr-. j right. Address Z care Standard 5010 7 - room house in good location, large lot, fruit, garden, tc. Only $1900. Easy terms. 8- room house, divided into two large apartments, hoth modern. Exceilenl location; $2400; easy terms Beautiful new 4 -room modern bungalow on large lot. fruit, berries, and j garden. Price $2500. Excellent rooming house proposi lion, best location In city Bargam. 6 - room modem house on bench. Bargain at $290o. Easy terms. 20 acres plow and pasture land. $800. R BERT G AGEE. 374 25th St. Phone 69 1070 AN elegant lot on 25th street, 50x138 feet to alley, with all special taxes paid. Only $800. This is a great bargain. J. J. Brummitt Phone 69. 5069 100 FOOT on 25th Si. facing Brinker Ave. No fine building spot in Ogden A snap. Phone 855 or sue J. C. Nye Ag'cy Co. 602 Eccles bldg. 4090 BY owner 5-room. mod house with gaa, ZU ::"th St. Phone 1685-R 4092 A GOOD rooming house of sixteen rooms, well located and doing a pood business, for sale very (heap on ac-1 count of owner going to war. J. J. Brummitt, under Utah National bank 5069! 7 - room modern frame residence on paved street Snap only $3500. 17 ane form on Washington, near north city limits; full water right. $5o0u 5o foot front lot on 24lh and Harrison ave. Terms. $650 KELLY t HERRICK. 4081 A SNAP. I 17 At RES land on north Washington Ave., near city limits. A part of this is good (arm land, balance first class I pasture. Price only $1650. Will make j terms. E. W. CANNADY 2427 Hudson. 4030 I II.W I, listed, w-ith me forty acres of good oil shale land in the Uintah Basin oil district This oil shale shows, on analysis of sixty gallons of superior oil per ton. This property is owned by a man who ir. not In the oil business and desires to sell the same very cheap. Hero is a splendid opportunity for any one desiring to develop ii or organize a company going in the oil business. J. J. Brummitt. Phone 59. 5069 FARM in eastern Montana r sale or trade for Ogden property. 1017 21st. 3999 3-ROOM bou-,e, part modern, lor $1050. 2250 Jackson Ave. 3981 FIVE room bouse with light and water on a lot 43.8 feet by 165 feet, west front, paved street, close m on Wash ingtou avenue. Lot alone worth $1800. ; The best investment ha Ogden. Ail for $1600. J. A. McCulloch, under First 1 National Bank. 2274 FOR sale or trade lor small acreage, j 322 D. F. 150 plowed, 85 In grain, fenc-1 ed, buildings, horses and Implements ! inclosea canyons fine for cattle. Write to box 15 care Standard. 3645 EVERYTHING for rent. Ogden Rental agency. 374 ' 25th at. Phone 69. 3657 7-ROOM brick bouse, R. R. locality; bargain at $2500; terma. interest 6! per cent. Ph. 1230-R. 3547; LOST J GOODYEAR tire, half-soled, mounted on Baker rim, 34x4 Reward. Return 2478 Washington or phone 409. 4048 SATURDAY, between Adams and1 Washington on 23rd or between 23rd and 24th on Washington, child's white fur neck piece-. Pbune 3257 -M. Call at 878 24th st. 4046 CAMEO brooch. Roward. 1929 Wash 3622 A GENTLEMAN'S gold uulch. Phone 3147 -J 5067 Equal parts of ammonia and whiten - I in: make a Jne, mixture for (lean Ing QjClfal ornaments and furnichings. , Read '.ho LLisitled Adtk I fofTsalj 1 I Rel EsUU j 41- ACRES splendid soil, in city limits Good house, barn, chicken coops, etc Liberal terms. Phone 2263-M 5030 l1; acres splendid land Abundance of water, family orchard, new 4 room modern house, barn, garrage. All good blcjgf Location 12th St. A bargain. J31p0 4 room mod. cottage; has nice sleeping porch. (Perfect beau.) Also good barn and large lot. Price 2QQ0. AIo 5 -room mod. brick. Splendid pjace. Only 4 blks. from Eccles bldg. Price $2700. We have what you want in farms or city property Glad to show vou. nGDEN REAL ESTATE s: BLDG. 243SVi Wash. Ave. Phone (378) te'.ev FOn SALE. 21 acres ';est land m county for to-aiatoes. peas, beets or fruit; 5 acres in bearing apples, 2 acres pasture, 14 acres for general use; sood 4 -room brick house, large barn, cemented cellar, well and ample water right. Ideally located for marketing crops; close to excellent school and on one of the main highways. Will sell on good termd, onlj i 4000.00. J. A. McCULLOUCH Under First Natl. "Bank. 2779 FOR SALE Poultry and Eggi -n-nsu-yn I SETTING hens wanted. Call 1416-J. 4073 I . RHODE Island Red roosters, large whit ducks and duck eggs. Phone 1 584 -M. 4058 1 RHODE Island Red -Eggs $1 per aet-. ting. G. C. Kimes, 51 Ninth st. 1042 HOOVER says. "A hen for every home." The best is wise economy. Arkady Place Hennery booking orders lor dav-old chicks; tremendous demand. Shoot your orde.3 in. A. S. I Smurthwaite, Wellsville, Utah. 3951 , . FOR No. 1 baby chicks, none better or j cheaper, phone Astill, 1157-R. 3937 j EGGS for hatching $3 a setting. Thoroughbreds Columbian Wyandottes. Inquire phone 3233 R. $904 t DAY old chicks. Order early. Best stock only. Grout's teed store, 332 24tb. o 7j TEN young hens aud two cockrcls, White 01 phiugtons. Pbune 32ol-R. 38o3 GUARANTIOED White Leghorn eggs, $1, $1.5o setting 246 1 Harrison. Phuue 1458. 3838 WHITE Wyandottes, cock and eggs, Barred Rock eggs $1.50 a setting. 850 23rd. st. Pbone 2031 - J. 1 FOR baby chicks that are worth your time and labor raising and chicks that will make good layers next winter, see Shafer at Ogden Feed Co. Also all kinds of chickens bought and sold. 3746 BABY CHICKS, S. C W. Leghorn, Utah hatched, from Hoganized stock. Phone 1569-W. Mountain View Poultry Farm. 3733 WANTED j To Rent J (6 OR 7-ROOM strictly modern house, J must be in first class condition, close in on bench; will take 2 -year lease. Gie location and rent. Address Box PX, care Standard 5056 WANTED to rent'a four or five room j modern house by desirable tenants I Phone 766 W. ios7 I . , 1 4 OR 5-room modern cottage for sum-j mer Close in. Phone 317. 5011 FORRENT Acreage A Got.)D lit acre larm, some fruit, good water right, small house, .some orchard. This farm will be rented cheap 10 the right party. If you need a place it will pay to investigate this. J. J. Brummitt, under I tah National bank 5068 FOR RENT 25 acres of alfalfa, with water, also 40 to 50 shares of water stock in the Davis &. Weber Canal Co Davis County Nursery. Phone 14 J-l, Roy. 5065 TWO HUNDRED acres of land, within1 two miles p the Reed hotel. I'onsid-j era bio of this land has plenty of water' right, same will be cut up In tracts to suit tenant. Hero Is an opportunity to have your liberty garden. Will either rent tor cash or part ot ih crop J. J. Brummitt. Phono 59. 5068 I TWo hundred acres of laud, within two miles of the Reed hotel. Consid erable of this land has plenty ol water right; same will be cut up in tracts to .suit tenant. Her,c is an opportunity to have your liberty garden. Will cither rent for ensh or part of the crop, J. j. Brummitt, under Utah Nat"-- ' - 3S85 19 ACRES of excellent tomatoes and 5 acres of various fruits, also good house on main highway near Clearfield. Phone 190. 3iiC j FOR RENT j ONE acre of ground with water. Close in. Cheap. Phono 3050. 2446 Grant ave 3847 HK lelrat)iw off1c; cmull lo-ciwtcl Imuiro J. A. Hoiu & Co., 8408 Hudson. Phoa 332 ft-uu W.'ier in which beef has been wash ed before pogkjng is excellent for planls, especially roses and gerau- iuma. . LFOR SALE Tj MbcellaneotK aNEW pillows, rockers, i arpets and other furniture, cheap. Rear 742 86th 5026 FOR sale Second-hand stake wagon, cheap. Call Goddard'a Packing o. 5049 FOR pale Oak rocker. 6x9 rug; 9627 Monroe. Call mornings. ."a.o.O . . FOR sale or trade A-l fresh milk cow. 1915 Grant. 5033 j 10 HEAD of horses West 28th St. and1 Park avenue. 5032 ! . 1 HORSE, harness and buggy or ex- j change for cow. Phono 2305-W. 6018 j A eoncrote mixer for salo cheap. Phone ' 1560-W 5020 i ' S K TROLA with $25 worth of records; j almost new. Also Pierce bicycle In excellent condition, new nies; will at riflce foi , r(. l). 2.716 Grant Phone 3148. 4091 , ROSE bushes 25c each and up, pansy 1 plants 25c a dozen. 2861 P'lngrei nue Phone 1225, or Pineree Ft ed store, 2616 Washington avenue Phone 799. 4086 TEAM, wagon, harness for sale. Will trade for property. 1650 Wash. 4080 HOUSEHOLD furniture. Rear 300 21st street. Phone 2937-R. 4059 HORSE, wagon, buggy and shafts, for sale Annlv SnniinerlH'Q store. Rena.il store. 4054 TWO brood sows for sale 240 W. 20lh st. 4047-B TWIN motorcycle, just overhauled. New tires $60. Phone 1923 M 1056 ; head high-grade Jersey cows and heifers. $425. Phone 1573. 4u57 j ROOMING house m best part of city; lurnitur" and furnishings all extra I good. Call and see. 202 23rd SL 3927 I FOR sale Delivery wagon, Ogden I Steam laundrj . 388) STOCK soda fountain and complete up-to-date fixture slightly used for a I confectionery store. Good location uptown to rent store room. Compelled to sell. A bargain. A. H Malouf, 176 25th street, Ogden. Phone 435-J. 3822 A rectifier, good as new. Inquire H. C. Bigelow. 3666 HNE targe safe cheap. W. D. Brown, 808 Eccles blag. 3594 , . POTATOES $1.25 per hundred. Tel. 1574. 3592 1M TOUTED canaries. 2220 Lincoln Ave. 14 SIX large 6acks ot kindling wood, $1. J. a. Wheelwri&bt. Phono 823. 748 TEAPOT dome oil Is the stock to buy Ollice 106 Tw enty -fifth st. 3101 SECOND-HAND goods bought and cold at reasonable prices. 1800 Wash Phone 686-J. 3082 JIM'S GROCETERIA Is run like the postoffice. Small buyers get the sani? puce as large one3. Cuatomero save the cost ot delivering, oookkoeping and clerks, Eerytiiing in groceries la cheaper. 183 24th StreeL 6-1-ti If DR3SMAK1NG j I ht.ils 1 1 1 LiiiNU ana picoc, iuc una ' 16c a yard. Fancy buttons. Madame Laplau's Gown Shop. 3rd lloor Wrigkts. 1504 LJLDIE6'tailorlng.2&3 Uadlsuu. 1932M 3-lo-iyr. j toFsale i Farms j IDAHO RANCHES FARMS and ranches, some with cattle. Terni9. Federal Land Co. 493 LEGAL NOTICES SUMMONS. In the District court of the Second Judicial district in and for the county of Weber, state of Utah. Adelaide M. Fritz, plaintiff vs. Will lam C. Fritz, defendant. The state of I'tah to the said defendant You are hereby summoned to appear within twenty days after service of this summons upon you, if served within the county m which this action Is brought; otherwise, within thirty da s alter service, and defend the above entitled action: and in case of your failure so to do, judgment will be rendered against you according to the demand of the complaint, which, has been filed with the clerk of said court. This action is brought to obtain a judgment and decree dissolving the bonds ot matrimony, now and hitherto existing between the plaintiff and deft ndant herein. HARRIS & JENSON. Plaintiff s attorneys. P O. address 405 David Eccle.i building, Ogden, Utah. SUMMONS. In the District Court of Weber County, State of Utah. Louisa Hesse, Plaintiff, vs. Alma E. Hesse, Defendant The Siate of Utah to Said Defendant: You are hereby summoned to appear within twenty days after seryipi gt this summons upon yon, if served within the county in which this action Is brought, otherwise, within thirty daya after service, and defend the above entlUed action; and in case of your failure so to do, judgment will be rendered aKainst you according to the demand uf the complaint, which has been filed with the clerk of said court. Tbls action fa brought to recover a Judgment dissolving the marriage contract heretofore existing between you and the plaintiff, likewise a decree gvrB the plaintiff the custody of, your min cdcaijtSj ajid .general j I ijIB'a(SipjflBHHpHpjpj relief, and restoring her maiden mra, STUART P. DOBBS, riaintiff's Attorney. P 0 Address 515 David Eccles Building. O'drn. Utah. First publication March 18, 191S. last publication April 22, 1918. SUMMONS. In the District Court of Weber County, State of Utah. George F. Spratlin::, Plaintiff, vs Alice K. Spratling, Detr-ndant The Stale of Utah to the Said De fendant: ou are hereby summoned to appar within twenty days after sen ice of this summons upon you. if served Within the count in which this action is brought; otherwise, within thirty days after sen ice, and defend the above entitled action; and in case of your failure so to do, judgment will be rendered against you according to the demand of tho complaint, which has been filed with the clerk of said court This action is brought to recover a judgment dissolving the marriage contract heretofore xisting between you and the plaintiff. J. D. MURPHY, Plaintiff's Attornej. P. O Address 315-310 First Nat'!. Bank Bldg.. Ogden. Utah. Date of first publication March 18. 1918; date of last publication, April 22, 1918. When washing silk or cotton gloves, Iron them when nearly dry. This greatly Improves their appearance. VERY PROPERLY. "How would you manage the march of righteousness?" j "I'd perform it on an upright ; piano." LEGAL NOTICES NO i ICE Of Special Meeting of Stockholders of Roel Asphalt Company. Notice is hereby given that there will be a special meeting of the stock- 1 holders of the Rozel Asphalt company, a corporation, with its principal place : of business at Ogden, Utah, to be held ! at the court room of Judge A. E Pratt. in tho Weber county court bouse, at Ogden, Utah, at the hour of 8 o'clock p. m . on April 2nd, 1918 Saia meeting is called for the pur pose of considering and voting upon the propositipn pi amending the articles of incorporation of said corpora -lion namely. Article Six thereof, by increasing the capital stock p 25Q,0QQ I shares of the par value of $100 per share, to 750,000 shares of the par value of $1.00 per share. i Said meeting is called under and by dlrei tion 6l the board of directors uf I said company. Dated this 11th day of March. A. D.. 1918. LEONARD PRUETT, Pre; . FRATCRNAI i Queen City Kebkan Lode, No. 4, I. O. O. tuei-La iji.u 1U1U imui .m .3aiarUa.y cveniaga ui uuu rcliutvd' u u;. , . Uicmocrd mueu, tiicpiie-na, ., u. I Luju Ciuuuuiiui, Kciuiumj; Secretary, -Jlo j k iii Uuicu ttvciiua. i Lroiliei hciuu oi' American Xtomrn, Og-1 deu liuu.vJi.eaU iu, lovn, UieetS eve-cy HtuiK.-'Kj eveliiiiK III I. C U. V. liall, I i-raleJUU Ouiluai', UainiQtiiuu , uvfcnue. W. L. Aiuurv, furcuian: J A-1 juuh. Corresponuent, j-uj kva4mhgtou aveuue. u.tuio always uukuinc C'b'leD l-oUtc iiu. tJii, i-ual Uftlec u. ' liuusu uitelo every i-iiUay mglil at lb o eioeix. -aou-e luiil, iiilb VVaoiuu-uu 1 hainu&o, ecie-eajy, Itil Cul. Uutiuu iiu. I .'unerieau fclSSOUic Jreueruuon (Lucer- lucb eveiy jduuua) o y 1)1., at Juj Zilll OU JilUiCo Jl.ltutlli, Ik . 111., u9i a.... AVC C. A" -lUilui, Oktlvim;, .ju. W a... AVU. V U.IUIO IU l uj O Ik (.KUIUK. liie uiuaU lieotiit A.jucial.lOtt ol Uic ddaecaueiM., buVti lanun, ip. 1, luelu luu 11 auu via tf'i'iuaji (..uiu0j ui 0 u eiueu, dUu cue -na uni tui i liuaj all-clliuuuu ai ..iU ei eieico. 1U luu ti uuuiuail nan, -o'J tusii. Ave. v ui ciiio nlvuiuei'd ui'.ueu. Luil.uU'J tt i.JU'1, L. C , Je'U- uiu i iviii, tL iv., 'dib Van uuicu Ave, Mitioinc Quel. Laihei Chapter, iNu 1, U. ill. Si., iCbaial QlCVLlilga llpiil ai ji.iouli-ic hall uu V aluii0 ion Ave., uelwecli -oill UJlel .OUl U., lno 1,1'S t auu einiu I'l.aaJ 01 cavil uicuui. uuiuujg uitiuuou eeii -euaiiy luVlied lo ueieuu. i-aua al llaiuliJ, U. Al. , lUiua J- liuiu, oeeiu-lai y. 'ihe liuyai Hlglilandors, uyde-n Castle liiveli ill lat,ies liail oU CiiaUL avetiuo every tecoiiu auu iuii.cn iiivouj . CVeUlll"sl al 0 ueieiv.tL. ytMUAg 11'bUtaliu- ' ueH euiuiau.. iiuilea. fV, Vv . n uib, UI. I'lO., 1. V l laiU, buclcUi) -iicajue,!, Royal .n eib'it'ui o ui America meets ever) SCCOttO auu luuilli jieiuiiay n.uu 01 eaeli muuUi al 6 o ClOCK ul eilu U6W UdU J'llu.u tiail, tluUiUili OUlluiUS V10tUOS ntslgUUOi'iJ mvuea. .Uaiy DUiiy, I oracle, iiii u minus, Nettie X'urnef, Kceuiue-l, V uu J-ureU. Woodmen ui .lie Wori(i Weber Camp. Isu it. UieelS lO tne . u. . liall. l ia-leiull Uluviv, 2'Ali) ai-iiiuji luu aienuc, cuy TUunida) evening at 6 o eioerc imhHq Woodmen coruiaily invitAU u alleuu. Matliew Ualt, C. C; Wrr I ijipiler, Clerk. P. U. LOX 488. L lah Cainu No O'J'jv. Modem Woodmen of Aiuuiiea, uioeia cuvry U euiie-uay mgiii m Uie Uurat haii, 243y Huosoa jVvc. uui ui iuuu iiiciubcid cuiuiaiiy iuued to meet wun us. W. n. aunu sun, CuUoui. J. R. HinChCillf, CieiK. I Oden Lodge No. 5 lnueuendent Orddr Ol Udd PellOWa, uieclit lu t. U. KJ. b'. liall Syery lueoua eveouis. dialling uiuiu- tti eofUlaiO UU VI led lo li HeuUL H. f. Prank l-'uliaru, u. Henry lvlsseil, beeietaj-y. The Oiacr of Hallway Emulpyej, Odea Lniiuu iNo. il. tue-eUd every rirst nd llurd lilUa.. ui eai.ii uiuiiih at tirn LuL'les' DtUl, at 6.1j u. iu. v 11 lint UrolU eio eoruiully uiviicu. AdJ iau euippr, beerelury. Vatemal urder 01 Lagles, Otjden Aeno No. 115. meets very Wednesday cv-.-ni Usui t u eJoi-K. al Lutles' liomc, uunc Ave-. Visiting LiroLlier ISagittS are 111 io-d to attend Uie ntBtU)gS. Clue luum open at 11 a m. Adam l-'aiber. VV. Predidotilj r.aii Ueisror, Secretary; Vr. HeiplibfjJ lvunzlei. Aerie Physician. Cf.ueii i.uJfu No. 2 hLnlghts or Pytnias meets every Monciu evening at i u clcif i in Cuiilu Hall ol tliu i' Lilian neiiiuiac, MS46I urant iyenus, yisUns Kiuni v tT-' come, l-'ied Mcissner, C C.; VvTl Un-dcr-wood, K. ol K. S., James AlcCuun.ni, $16 atimi;lun Ave.. M. ol t Ueighbors or Wooucrnic .okuco Circit No. B8L meets every Wednesday sysnlng of each mouth, at i o'clock In tho now. Woodmen iiall I1iIqk nelgliliora invited. Suiuli lluuon. C N . H" WeuKi Ir-uiterijon Ave. rhuuu 1335-R. Marie Critcs, ClciK, 2731 Monroe Ave, tkDftS . INFORM ATION BUREAU Auctioneer If you want to aril your furniture and receive the most money, phone, Was. 2X21-W. or write to Carl Osterloh aue tlonecr. Salt Lal;o pity I sold the Virginia, .-ilyo tho Arlinpion Hotel. 36 years 1 In Utah. fH A:toniey-at-Law E. 'I Hulsni.oki, Lawyer, "m-314, Flmt National Bank Bldtr Phone 202. 3632 LaWyev O Connolly, over Commercial National Bank. Phone 11. - Accident Insurance Aetna Arridr-nl A- Ci-ibitity Co., Aut- nnej Liability Inaurancf;. H A. Purdy. 2817 Hudson Ave. Phone 4S3. 1 Anything Bought, Bold or exchansed. Alvord. Phoni 3272 Automobile Supplies . cry thlrrn for Automobiles. Every- thin lor Eiertriclty. Auto and Electric Supply, 2564 Washington Ave. Phono 32$ and 325. ,1 Carnrrr- Repairs Sturlehaker Agency. Mack -Rob inion Co., 2440 Grant Avenue, Phone fcJl. lH , Banking Ogden State Bank. Comniercl.il & Sav ings Depta. Rt-cd Hotel Bldg. Phone 62. tali National Bank, southeast comer 2Lh bt and Wash Ave. Phone 61. Carpet Cleaning K. Van Kampcn for upholstering; car-pcla cleaned, alicrcd and laid. Re-maklnc of mattresces. Phono SS3. Exnc: t e.irnet rloaninif mattress rrno- atine'. i 1 jIi , 1 terlhg, and springs re-stretched. Call E. J. Hampton Co . Phone 25S6-W. H Chiropractors Irish & Irish chlropratic, suite 209-llii-li Col. Hudson Bldg. 2nd floor. Phone 27C'. Uuly lady Chiropractor In Ogden. 2734 I. J. McKclI, chiropractor, fourth floor I Col. Hudson Bldg. Phone 630. 2601 Johnson, McKell, Thompson, Suite 409-10-11-12-13-14 and 26 4th Huor Hudson Bldg X-Ray Laboratory. Phono 07. L. p. Pintler. succc:-.-or to F J. Freenor Chiropractic Ofricc. 112-13-13-26, Colonel llj lion Bldg. Phone 311. City Scavengers LVlcCarty a: Co., 2731 Grant Avenue, Phone 201i.-W . ( Electrical Wiring U icing ami repuTring in all its branch-! es. Auto iV: Electric' Supply, 2564 Wash. I Ave. Phonc-a 325-326. 4084 fcaaaal LH I Engraving Ogden Engraving Service Co.. makers I of line cuts In one or more colors, 2403 M Washington Ave. Phone 463. 'M Furrier and Taxidermist Furs cleaned, remodeled In latest styles. 'aH ...del 3 taken for new furs at reasonable J prices Work guaranteed. T. Gajewsky at Lurl's citurc. Phono US. Hair Dressing Ahamuiil Hairdressing Par. or. sham-' pooin?. inanli unng Li ed Hotel Bldg.. I 421 25 Ui St. Ph'.ne 107-J. .32 The Only Fireproof Hotel in Ogd :. j I Rates 75 and up The New Brigham, i j W all Ave and 2-Uh St. Phone 2430. Junk and Hides Western Hide 4c Junk Co, 2223 Vash ington Ave. Phone SGI. Ogden junk House, 2053 Wash. Ava i Phone 210. Junk Highest priec-.s paid for Junk and oaa oi an kiuus. can -o. j Messengers Phona 776. Bonded scn lcc. Motorcycle service at your own price. Wc deliver JH ouv time, anywhere, quickly and aaicly. I cm nee 411 2Jrd. 3SS3 Money to Loan Salaried people can get R without se-curity, other.; bn furnituro, rlaa:j, etc 218 Hudaon Bldg. Phone S71-7. New and Second Hand Goods A Siner. new and second-hand furnl-ture. clothing, etc., bought and sold. Suit tisei cheap 211-243 25th St Phone 132L J. J. Bunker Piano iiTning. Repairing L Refinisl-ag, All kinds of email instruments repair d. Work guaranteed. J. J. Bunker, Shop 2215 Washington Aye. Tel. 503. A'2a Photographers The Amundsen studios. Wo please tha hard I1'' -i-1 3468 Washington Ave- I nue. Phone 2275-R. Physician and Surgeon Dr. A l'einlund. cii: e hours 11 to i j j) ui New Peery Bids. Hudson Ave ; U'.s. Phone 046; ouice Phone iy00-W. Signs I Redfield-King;. Inc.. signs o" ill kinds tin. glas.-, brass, muslin, card siens i Elei trie signs, bulletins, walls, board signs Phuue 289, 2448 Wash. Avo. 3&31 Sanitary Work Sanitary Garbage Co., all kinds of rb-bish hauled, ash pits cleaned. Prices I reasonable. Phono 620. Sewing Machines W hne Sewing Machine Co., 2255 Vash- ington Ave. mono -sa. Tents and Awnings I Ogden Tent and Awning Co , manufac- tuferB of hlgh- ri i-i- store, office and j n Ident awning) Watprproot cove-rs, I Anj thins fn i mvajfb Washing ion Ave. Phono 261. Wallpaper Cleaning j Expert paper cleaner and umJturo J paeker Call Lent., rt, 8S75 Vv', 4027 Work guaranteed. Also Ia, flls- I peneers for sale. Moulding & Garner. Phone 1626 3903 U & Evuns. expert wall paper . " cfesneri All work t-uaiantecd. l1'; onah.'C PhODi1 1775. .84 Lead the Classified Ads. Read the Classified Ads. . . j

Designing Your Home Ownership to Retire Earlier

Read article : Designing Your Home Ownership to Retire Earlier

The following is a guest contribution from reader and blogging friend Chris Mamula, a pending early-retiree in his 40’s. Chris has been writing on personal finance topics for several years. His efforts first came to my attention with his insightful review of my second book. In this post, Chris explores how to craft home ownership to support an early retirement, requiring less retirement savings while improving the quality of your life….

For many years, my wife and I made two assumptions about owning our home to facilitate our early retirement:

1. We should live in a low cost of living area, pay our home off quickly, and own it outright. We could then essentially eliminate our housing expenses during retirement.
2. Our home would be a safe investment because it would increase in value while simultaneously providing our family shelter.

Over the past year, I began studying real estate investing as a way to diversify our current portfolio that consists primarily of paper assets. As I learned, I thought about ways to incorporate real estate investing principles to reframe how we would approach buying our next home.

First we challenged our original assumptions. Real numbers told a different story about the cost of home ownership. Then we made the conscious decision to approach our next home as an investment in the life we truly want. This allowed us to decrease retirement savings needs by six figures while simultaneously enabling the lifestyle we desire.

The True Cost of Home Ownership

One of the most important decisions we made when getting serious about planning our early retirement was tracking our expenses. We have been doing this for the past three years and the information we gleaned from this process has been eye opening.

The US Bureau of Labor Statistics reports that on average the three largest areas of spending for most households are housing, followed by transportation, and then food. We originally assumed that because our spending is drastically different than the average household, these statistics did not apply to us. Our actual numbers told a different story.

Last year our biggest expense again was food, followed by housing and then transportation. Our numbers show that we do spend far less than the average household on housing and cars, and our overall spending is also subsequently less than average. However, even with a paid off home and cars, our three biggest areas of spending are the same as most everyone else.

The other thing that we have realized by tracking and analyzing our spending is how intertwined our housing decision is with other spending and quality of life. You may have a lower initial purchase price on your home by living away from work or popular attractions. However, it is easy to then make up for that with increased time and money traveling to work and entertainment.

This was certainly our case. Our transportation costs were driven by my hour round trip daily work commute and the fact that we live at least an hour one-way from our favorite hobbies: skiing, hiking, and rock climbing. Getting to good skiing or climbing in bigger mountains has required a full day drive to New England or a cross-country flight west. We typically take 2-4 such trips each year.

Next we looked at our assumptions that our home was a safe investment.

Is Your Home An Investment?

We built our home in 2005 for approximately $250,000. Since then we have done several costly upgrades totalling over $20,000. This brings our cost to over $270,000 before accounting for routine maintenance, property taxes, mortgage interest, and other expenses associated with home ownership.

Twelve years later, comparable homes in our area are selling for $240,000-$260,000. Even without factoring in real estate commission and taxes on the sale of our house, we have virtually no chance of recouping our initial capital investment, let alone making money on the transaction.

At the same time, as compared to our diversified paper portfolio that can be sold off strategically to our benefit, our home represents a large undiversified percentage of our capital tied up in one place. Needing to sell it when we want to move adds stress when watching our local market stagnate while most of the nation’s real estate prices soar.

As we planned what we wanted our life to look like in early retirement, we realized that if we wanted our home to be a good investment, we would need to approach it as investors.

Looking At Home Ownership As An Investor

As I read about real estate investing, one principle that I found useful in my introduction was Robert Kiyosaki’s concept of assets vs. liabilities. Kiyosaki says that your home is a liability, not an asset. His definitions essentially boil down to cash-flow. He defines an asset as anything that creates a recurring cash inflow to you, while a liability is anything that creates a cash outflow.

This definition is certainly oversimplified and not comprehensive or accurate from an accounting perspective. However, it has been extremely useful to help me challenge my assumptions. This concept helped create a different framework going forward as we looked at our home as a potential investment that could change our retirement equation.

Considerations When Buying A New Home

As we began to look for a western mountain town to live in for our early retirement, we did not throw out all conventional wisdom.

On a macro level, we narrowed down our list of potential ski towns first by affordability of housing. We wanted to go somewhere that we could use the equity from our current home to purchase our new home with cash or a very small mortgage.

On a micro level, once we honed in on Ogden, UT we tried to get the best price possible on our home based on local market conditions.

However, we went a step further. Rather than making unnecessary assumptions, we paid close attention to knowing our own personal numbers regarding how our housing decision would affect our overall expenses and lifestyle.

Going back to Kiyosaki’s asset vs. liability principle, we looked at how we could limit the liability of our purchase and possibly create a cash flowing asset.

Limiting Liability

We recently purchased our new home for $240,000. It has nearly identical finished square footage and lot size to our current home in Pennsylvania. It is an older house, but has been extensively remodeled in the past ten years.

The major items (roof, windows, furnace, plumbing, electric, etc.) are the same age or newer than in our now 12-year-old “new construction.” We therefore are assured that we will not have to carry a mortgage once we sell our current home, and the carrying costs (utilities, maintenance, etc.) for the new house should be very comparable to our current home.

Property taxes in Utah are far lower than in Pennsylvania. This comparable house has annual property taxes of $1,600 compared to our current $3,300 property taxes. This means a direct $1,700 annual reduction in liability of home ownership.

Choosing to live in a mountain town will also drastically reduce our indirect expenses associated with our current residence while increasing access to our favorite activities. On a day to day basis, we will now have only a 20-30 minute drive to world-class skiing in the winter. In warmer months, local climbing, hiking and paddling days will now mean walking from our front door to the trailheads or a short 10 minute drive to water activities. This will give us increased access at decreased cost compared to our current hour plus one-way drive to resorts, trailheads, or lakes.

Our travel expenses will decrease greatly. We will also have six additional world class ski resorts in the canyons around Salt Lake City an hour south and Jackson Hole about three hours north. We can drive in our own car and total cost will be the price of a day lift ticket. Previously, we have spent $2,000-$3,000 for a long weekend to fly across country, rent a 4WD vehicle, and pay for hotel rooms before ever purchasing expensive day tickets.

Likewise in the warmer months we will be less than a day drive to many of the west’s great parks including 6 national parks in Utah and the Grand Canyon to the south, and Grand Teton and Yellowstone national parks to the north. This will eliminate the expense of long trips to get to outdoor destinations.

Lowering our property taxes and reducing our transportation and travel expenses should save us in total at least $5,000/year based on our prior years’ expenses. Using the inverse of the 4% rule, we would need to save 25 times our annual spending to support that spending with a traditional stock/bond portfolio. Therefore, reducing this liability means needing at least $125,000 less retirement savings while improving quality of life.

Creating an Asset

Originally, when thinking about moving west we were focused on controlling or even decreasing the liability of home ownership by simply buying a smaller, cheaper home than our current residence.

As we thought about what is really valuable to us, we wanted to have the space to host family and friends. In particular, we wanted to have a place for my parents, who are retired and have a close relationship with our daughter, to stay comfortably for extended periods.

Real estate investor/educator Chad Carson writes about a powerful strategy for new real estate investors that he labels “house hacking”. As he describes the strategy: “A house hack basically means that you buy a small multi-unit real estate property, live in one unit, and rent out the others.”

While we had no desire to live in a duplex or triplex and be landlords to our neighbors, we applied the lessons of house hacking to our personal situation to allow the lifestyle we desire.

We recently became regular customers and big fans of Airbnb for the comfort and value they provide when traveling with our family. We considered being Airbnb hosts.

We thought that if we could find the right property, it could provide us with a smaller, lower-cost main living space that we desired, a comfortable place for family and friends to stay with us as desired, and a potential cash flowing asset when not in use.

As stated above, our newly purchased home has roughly the same square footage as our current home. However, the layout is far different. The new home provides a much smaller primary living space. We also have a separate two-bedroom, one-bath space with a kitchen and living room with a private entry.

Using the extra space as an Airbnb, it should net a minimum of $100/night rented. If we extremely conservatively assume we could rent 50 nights/year (approximately 50% of weekends, no weeknights), we would make $5,000/year. Doubling to 100 nights/year is a reasonable estimate and would yield $10,000/year.

Returning to the inverse of the 4% rule, earning an extra $5,000-$10,000/year would be the equivalent of not having to save $125,000-$250,000 dollars for retirement.

From the standpoint of an investment, this is the equivalent of a 2-4% cash-on-cash return on our primary residence. Unlike our prior assumptions, we are not relying on any appreciation to make money. Any appreciation in home value will only enhance returns.

If we decide we hate being Airbnb hosts and never make a penny from this plan, we have controlled our downside risk by limiting our liability. We also avoided using any leverage to further limit downside risks.

A Message Bigger Than A House

This post introduced some real estate investing ideas that may be new to you. It also demonstrated the application of the concept of using personal spending to calculate retirement saving needs. However, focusing only on specific technical points would miss two much more valuable lessons.

First, to enable the life we truly want we needed to master basic simple fundamentals of personal finance. Tracking our expenses is Personal Finance 101 that “everyone knows,” yet few people actually do.

Our faulty assumptions were the result of the fact that we did not track our expenses for the first decade of our careers. Knowing our personal numbers now allows us to see how much we spend, where our money goes, and what drives our spending. This in turn enables planning in creative ways.

Second, if we want to live a life different than the standard 40-hour work week until age 60 or 70 there are multiple ways to do it. Conventional wisdom is that early retirement requires taking large risks and requires complex technical planning. You must make and then save massive amounts of money or live a life of extreme frugality.

Planning our early retirement has taught my wife and me that simply taking the time to choose what is important to our family and thinking about creative ways to get it can change that entire equation.

As this example showed, we were able to conservatively decrease the retirement saving needs for our family by $125,000 just by decreasing the liabilities associated with owning our current home. By using our new home as an income producing asset, that number very conservatively becomes greater than a quarter million dollar difference in retirement saving needs.

At the same time, this decision will enable us to live the lifestyle we desire, adds no financial risk to our current situation, and requires no sophisticated financial products or techniques. If you design your home ownership as an investor, it can turn into an asset that will help you retire earlier!

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