Frugality taken too far?

Discussion in 'Investment Strategy' started by John_S, 11th Oct, 2018.

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  1. John_S

    John_S Mortgage Broker

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    So I've been rentvesting for a few years to maximize cashflow while trying to stretch each dollar as far as possible.

    Have minimized living expenses by working from home, making all of my own meals, and even cutting down on beer consumption; but can't seem to get that old saying out of my head.

    "Rent money is dead money"

    After pondering on this for some time I've decided to purchase a motorhome to live in rent-free.

    This may not be everyone's idea of comfortable living however I think worth it to avoid paying rent for the next 10 years.

    Plus if I get bored of on area I can up and leave at any time.

    Interested to hear what sacrifices fellow PCers have made in the name of frugality?
     
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  2. Joynz

    Joynz Well-Known Member

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    Where are you going to park it?
     
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  3. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Living the dream...Just last week I was trying to convince Hubby to do the same :)
     
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  4. bob shovel

    bob shovel Well-Known Member

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    Motorhomes are pretty expensive. Why not a bongo van #vanlife
    Interested to also know where you'll park it? Caravan parks will charge 200-250/week for a powered site
     
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  5. John_S

    John_S Mortgage Broker

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    There's a few spots by the beach where authorities turn a blind eye to freedom campers ;)
     
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  6. John_S

    John_S Mortgage Broker

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    By motorhome I mean late 80's Toyota Coaster bus with solar etc...

    Gotta have enough space for a shower + toilet... Just need to pay to dump black water
     
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  7. John_S

    John_S Mortgage Broker

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    Lets start a convoy!!! The not yet grey nomads
     
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  8. Property101

    Property101 Active Member

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    I have done many..but depending on my level of knowledge at the time....I would say the last 15 years with the invent of the internet and learning from others and taking there leads has been the most profitable for me/reading as many books and magazines of finance as possible.

    Prior to this and with my upbringing this is how I started.

    Saved all of partners income whilst renting for a 3-5 years timeframe.
    Even with my love of op-shopping I was lucky enough to have my dresses for work made for me....My shoes were from op-shops if they were not the right colour I used to dye them....and pray it didn't rain.
    I didn't know much about cooking then and trying to save money from a food bill.
    Holidays were road

    trips to family.
     
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  9. Perthguy

    Perthguy Well-Known Member

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    I say do what makes you happy and forget what other people think about it.

    Apparently my household (2 adults) spends less per year than a single aged pension. I am trying to think of "sacrifices" I am making to achieve that but I can't think of a single one.

    I am living in a share house but I was bored when I lived by myself. For transport, I often walk, cycle or catch public transport but a lot of the time it's faster than driving. For food we cook a lot from scratch but mostly the food is tastier than eating out, so that's not really a sacrifice. I game on an old laptop but it runs the games I like to play perfectly. I borrow blu ray movies to watch on a large screen tv which I like better than going to the movies for reasons, so that's not a sacrifice either.

    I don't know. My life seems nearly perfect to me right now. I am not sure what I could change to make it better that would cost more than what I am spending now.
     
  10. Terry_w

    Terry_w Broker, Lawyer, Tax advisor, Debt Recycle advisor Business Member

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    Go for it I say. If it doesn't work you can always rent a place.
     
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  11. TMNT

    TMNT Well-Known Member

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    id say go for it, nothing wrong with it,

    not sure what your lady or potential ladies would say to that,

    maybe your motorhome looks like this

    [​IMG]
     
  12. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Bong Go Van, with a 6 cyl Porsche engine in it :)

    ta

    rolf
     
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  13. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    You will be bald before grey hahhahaha

    ta

    rolf
     
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  14. bob shovel

    bob shovel Well-Known Member

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    Perfect! Why are you paying to dump black water... what is black water? Shower and sink? Get some 20l containers and just tip it at the dump points
    You need the wikicamps app that will solve your nightly stays and dump points ;)
    Solar and 12v you're laughing! Ebay for all the bits and Bob's - phone and laptop charges, led lights, fans.
    Get a small washing machine it will pay for itself in no time.
     
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  15. John_S

    John_S Mortgage Broker

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    According to the #vanlife hashtag it's all models and sunsets.........
     
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  16. The Y-man

    The Y-man Moderator Staff Member

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    Sounds like a group of naturists! :eek:

    The Y-man
     
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  17. jazzsidana

    jazzsidana Mortgage Brokers - Investment Savvy Business Member

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    Love it mate!!..

    Would if I could but got two kids :) ...

    Enjoy life and save at the same time..

    Cheers,
     
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  18. Kinnon

    Kinnon Well-Known Member

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    I know a family with 3 kids under 5 and number 4 on their way who have just sold their massive house to buy a caravan to live in and travel. Anything is possible.
     
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  19. jazzsidana

    jazzsidana Mortgage Brokers - Investment Savvy Business Member

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    Anything is possible, true to that.

    But don't want kids to keep changing school and losing/making friends all the time bla bla...

    It's trying not to be selfish I guess when you have kids.. that's all
     
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  20. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    I have friends and clients that do the travel thing and home skool

    The kiddies turned out to be well functioning adults :)

    ta
    rolf
     
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