I was fortunate enough to spend 8 of the last 10 years not having to pay rent or mortgage as I lived with my (then) partner in her grandmothers house in a downstairs apartment. A couple of years ago I moved out with my new partner Kala and we spent the last two years renting.
I was soon reminded of how lousy it feels to hand over money to someone every month simply for the privilege of having a place to live for another month. It felt like a giant hole in my wallet sucking out money that I could use to have adventures, create art, share with friends or buy things I wanted. Luckily the two places we lived had fairly cheap rent ($650) but spread out over 2 years, even that low rent comes out to $15,600! What do I have to show for it? Nothing. What would you buy right now if I handed you $15,600 cash? That’s a pretty good chunk of cash..enough to buy say a place to live? Well, most people would say no, but in my universe I say why not?
Last summer me and my partner Kala were given the opportunity to borrow $18,000 (interest free) from a good friend to buy a Yurt. That she is a former partner and mother to my son who had recently come into an inheritance made it even sweeter. She even offered to let me put it up in a big field on a piece of land that she inherited. It was crucial to have a place near facilities to put it up, because with that kind of money we could not afford to dig a well and add plumbing and the infrastructure for electricity. Instead we use her house for some basic functions such as filling up our water bottles, taking a shower and having a line of electricity. While I am on the path to unplugging myself from the grid, I’m not all the way there yet!
For what I was paying for rent, I will have the yurt paid off in two years and then I can use the money that I would have been paying for rent to either upgrade my living space (add solar, some kind of plumbing, more outside facilities, or other things), or I could choose to invest that money in my art, travel or just work a bit less because I need less money.
Rent/mortgage or most peoples largest expense. For me getting rid of that is key to living my life free. The thought of not having to pay rent or mortgage again for the rest of my life pleases me greatly. ![]()
Hello. We're John and Kala. Welcome to our sporadically updated blog! On here we'd like to share a bit about ourselves and our adventures in homesteading.