Tag: mortgage

Is Tiny House Living For You?

Is Tiny House living For You?

There are many factors in knowing whether tiny house living is for you.

These are two personal lists of pros and cons after almost 3 years of tiny house living.

Pros:
Extra money each week.
No stressing over paying bills.
Flexibility of starting new business ventures.
Flexibility of traveling with my husband while he works away.
Flexibility of choosing new scenery as often as we want.
Bringing animals with you on trips.
The ability to leave with everything in the case of a hurricane.
The cool factor.

Cons:
Clutters very easily.
Constantly gets dusty.
Constantly cleaning.
Limited space for extra junk. ( actually may be a good thing)
Have to rearrange things before travel.
Not as much privacy.
In the case of having a Skoolie… if the engine breaks that will be a real issue of not having the money to fix it.

My experience comes from living in a 20 foot camper to now living in a 37 foot Skoolie.

Having financial freedom is worth it for me.
Having the freedom for me and my husband to leave the mundane 9-5 is a blessing. I have my own business as of now gabbysnaturalcreations.com . Even though it is slow we still can easily live off of my husband’s $600 to $1200 weekly pay check. But we have no credit cards and own everything that we have out right. Hopefully within the next year my husband can have his own business venture.

Our Skoolie The Ark.

Quit your 9-5 in 3 to 5 Years

What do you think of when you picture a Skoolie? You would maybe think it would be an awesome project to work on to go on some awesome vacations during the summer. Maybe to just be a free spirit with no plans and no care in the world. What if I told you it can be your ticket to a debt free lifestyle, retirement in three to five years. No rent, no mortgage, no utilities within the next 5 years.

MORTGAGE AND RENT

In the US the average mortgage on a home is right over $1500 a month. The average rent for an apartment is around $1000 a month. Which many times will put people in positions where their lives revolves around working until they reach retirement age.

STARTUP OF A SKOOLIE

An affordable Skoolie will cost you anywhere from $8,000 to $30,000. A small loan can be an option that will cost you a fraction of the payment you would have on a house note or rent. Which if you choose wisely you can pay off the note very quickly. Buying out right or building a Skoolie yourself will be the best option costing you nothing monthly in the long run.

ABILITY TO SAVE FOR LAND

If you go the loan option in owning a Skoolie your Skoolie is payed for within the next year or two so you now have up to $1500 in extra cash that would have gone to your rent or mortgage payments. That is up to $15,000 a year of extra cash total after paying rent on a lot of land while living in your Skoolie. In one to three years that is $15,000 to $45,000 saved up to buy a piece of land out right in cash. So no mortgage on a house or land. Within 1 to 3 years.

NO MORE UTILITY BILLS

After paying for your Skoolie and land, the next step is saving up for solar equipment and a water well. These things may run you around $10,000 or less depending if you go the DIY route. Solar equipment and a well can be purchased within the year in cash since you will have an extra $18,000 a year that you aren’t having to pay on a mortgage or rent.

FREEDOM

We can go so deep down into this rabbit hole. You can produce your own food and never pay for food again. You can literally set yourself up to not pay another costly major bill again in your life within the next 5 years. Its possible, there are limitless options in living a mobile life. You can stay put or you can be able to afford to travel the world. You can have true security knowing that everything you have can be payed for. Happy traveling ❤