Ethan Waldman lives a very simple life. He recently built himself a tiny house and just finished a book about how to build one called, Tiny House Decisions. He is also the founder of Cloud Coach, advising individuals and businesses on their technology needs.
He talked to us about how he left the corporate world to live a lifestyle that is more focused on experiences rather than personal possessions.
If you have not heard of a tiny house, they are pretty interesting. A tiny house is any structure that is under 500 sq ft intended to be used as a residence. Living in a tiny house has become somewhat of a movement. The younger generation seeing them as a way to become a homeowner at a much younger age and with much less debt. They are also popular among retirees looking to live simply and stretch their retirement funds. Ethan designed his own tiny house and documented the entire process on his website.
Key UnStuckable Takeaway
In order to design your lifestyle, break down your goals into smaller goals!
Really think about what it is you want in life. This is probably a pretty big goal, so it needs to be broken down into smaller parts.
For Ethan, he wanted to leave the corporate world. Now he is running his own business. Since the income from it would not be the same as his corporate job, he needed to cut expenses. Now he is living in a tiny house which saves him a ton of money.
He also wanted to live a life of freedom, which he is able to do because of his career and living decisions. Think about what it is you want and everything that goes along with it. Break this down into smaller tasks in order to start getting there.
Quick Action to Get Unstuck
Write down what you want, then make a plan to get there.
You don’t have to plan out the entire process, just the next few steps to get you there. For Ethan, he didn’t plan out the entire process for building a tiny house in one try. First he created a basic budget, then he went and found plans for tiny houses. Think about what your goal is, then figure out just the first few steps you’ll need to take in order to get started.
UnStuckable Quotes From Ethan
“Up until my mid twenties, I don’t think I ever knew what I wanted to do.”
“I felt stuck in the corporate grind.”
“My lifestyle is rich in experiences.”
“I see it as trading income for freedom.”
“Money is what holds us back from the things we want to do.”
“People are spending next month’s paycheck on this month’s expenses.”
“I think what makes someone unstuckable is the willingness to be vulnerable.”
More Habits & Actions
- Ethan was able to transition from his old job to his own business by turning his former employer into a client. This is a great way to start a business because you already have the relationship and are aware of the needs of your client.
- Not sure if the corporate world is for you? Ethan stuck around at his job for a while to see if it was the job that he didn’t like or just the corporate environment.
- Ethan took some time off from work to go on a bicycle tour. During this trip he realized he wasn’t meant to work in the corporate world and decided to make some changes to his life.
- Keeping his expenses to a minimum allows Ethan to live a simple lifestyle and to have more money to spend on experiences rather than products.
- If there are things you want to do, budget for them. Ethan decides what his goals are, then plans for them financially.
- Be more mindful as to how you are spending your money each month by tracking your expenses. Try to do this manually as opposed to some service that does it for you. Doing it manually will keep you more aware as to where your money is going.
- Lastly, you need to be more vulnerable. Many of us don’t take a risk because we are afraid to fail. Don’t be. You are probably going to fail or have a setback at some point, but that’s okay. Just keep going.
Questions & Feedback
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