Frugality taken too far?

Kids will learn more on the road! 6hrs in a stuffy classroom or get it done in 2-3hrs DIY plus all exploring and adventures on the road
Travelling Australia With Kids

 

Then I guess as long as your employment is also flexible to do anywhere....

 

If It’s something you want to do from a lifestyle perspective then go for it!
If however it’s purely for saving money and you would prefer the comfort of an actual house then no bloody chance.

Their are 100s if way to increase income without needing to sacrifice anything more than a little time.
Your a broker. Write 10 more loans in a year and you have probably covered your rent. I’m sure the time put into the motor home could be redirected into getting those leads instead.

 

I'm not a big fan of the idea if it's for savings, lifestyle yes I get that.


Without having at you, how busy are you with work? I tend to agree with @albanga maybe more focus on work.

You mention you make your own meals, cut down drinking etc.. these are all great.

But where do majority of your leads come from, I know personally I write a heap of the local businesses loans

And was at the pub last night and would have been 6-7 clients there.

These aren't where I get most of my leads, but extra business like these help as it's the cream.

 

Thats almost homeless or squatting.

A better comprise would be a share house

 

Rent money is NOT dead money.

It is the cost of the roof over your head.

And sometimes cheaper than the interest paid on a mortgage for a PPOR. Particularly in a flat market when the annual increase in value may be less than the interest paid.

If you really want to live in a motor home, or if it really is all you can afford, then go right ahead. If the decision is solely financial, maybe reconsider if this is the lifestyle you actually want.
Marg

 

I think the extra time and hassle that living like this would take = greater cost (in time) than that of a cheap rental, at least for most people.

e.g. estimate that it takes 45 minutes per day extra to live like this vs fixed address due to:

- Mail collection from post office or elsewhere
- More regular grocery shopping due to minimal storage
- Living further from work to find appropriate location you won't get picked up (obviously not a problem in your case)
- Longer to shower due to low water pressure
- etc

But I guess it depends on your lifestyle and needs.

 

That would be the funnest thing ever. I would love that so much! Give me ten years and I'm there

 

There is work available all over the country! Plus the "work from home" options available nowadays

 

Depends on the job though. If you like your current job and don't have the flexibility, it could make deciding to live on the road a much harder decision.

 

Imagine going to see clients. They might ask 'your place or mine?' you can reply 'both, i will drive my place over to your place.'

 

Well I guess if you do that, it makes a % of your PPOR tax duductible!

 

Would you have a small car as well as the motorhome?

Have you considered the hassles?

How pleasant will living permanently in the motorhome be during long periods of wet weather?

Does Mr MM live in the tropics when he walks or cycles to meetings wearing a business suit?

 

I think if you can and you are hungry why not. At some stage in life you will lose the option altogether (kids, family, work commitments etc.)

 

So where do you plan to empty the toilet cassette?
Dump points are not exactly commonplace in many towns or cities.
Marg

 

The key to financial independence is cutting expenses when you are young. The more you can save the quicker you will become free from the cubicle.

 

I wouldn't do this unless it was literally the only option I had

 

Same. Now a boat on the other hand...

 

I highly dislike people who take this route. Whilst you're essentially avoiding "tax" i.e. council rates etc using the same resources as us, the rest of us are subsidising your living. I think anyone who choose this type of lifestyle should pay some sort of license fee each year.

Completely for the whole FIRE movement. We have living on bare necessities for the last four years at around $35k as a couple renting and its lead us to FI in the last year and we can semi-retire if we want in a bit over a year (don't intend to retire ever but it's great to reach this buffer so early so we can take advantage of opportunities when it arises). It shouldn't hard if you're single to end up paying for a place at around $150/week as I was able to do this in inner city Canberra previously.