The RV Life and Financial Independence
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There are tons of paths to financial independence, and thousands of things you tin can practice one time you get at that place. But two of the things that get together similar peanut butter and strawberry jam are the RV life and financial independence. Liberty on the road combined with financial freedom – what could exist better?
The RV Life and Fiscal Independence
Why does the RV lifestyle fit then perfectly with the thought of financial freedom? The reply, for me at least, is the freedom that information technology provides. Living life on the route lets yous live gratuitous while you lot're financially gratis. It's the ultimate double header of freedom.
RV life as well might be a practiced pathway to financial independence. I'm not going that route but withal, only I know I won't be completely financially free when I give upwardly my job to pursue RV life. Then for me, the RV life volition exist part of my journey to full financial independence, and it could be part of yours as well!
Living in an RV to Reach Financial Independence
Living in an RV is a great path towards achieving fiscal independence because it'south generally much cheaper than traditional housing. You tin get a decent used rig for under twenty thousand dollars and a truck to pull it for a like cost. Forty 1000 dollars for a home isn't as well shabby! And that includes transportation!
Unfortunately, y'all normally also need to pay for a identify to park information technology. The cheapest of the cheap RV parks generally cost effectually twenty bucks a solar day, and that's close to $600 a month. These parks commonly don't offer whatever civilities. Expensive resort fashion campgrounds tin be as much equally sixty dollars a day, and at that indicate you may as well just rent, because y'all aren't going to be saving whatever coin.
Financial Advantages to RV Living
But the reward to RVing it is that most campgrounds take cheaper weekly and monthly rates for long termers (but not state or federal parks, they by and large have a 2-calendar week limit). There are plenty of parks that will allow yous stay for under $k a calendar month, and you'd be hard pressed to find a decent home to hire for that in many areas. You as well have the option of boondocking or staying in parking lots if you are in extremely dire financial straits.
Some other neat advantage is that the monthly fee at well-nigh parts includes utilities. So you're paying less than a one thousand dollars a month for rent, electricity, water, and sometimes fifty-fifty WIFI! That's not a bad bargain, considering that the average rent for a one-bedchamber apartment in the United States is $1025 (that'south the overall average – it varies widely by state).
I know what y'all are thinking. How exercise the RV life and Financial independence become together when the price of the truck and RV brand the RV life More than expensive than renting a normal apartment? That'due south easy. If yous are in a position where you are even able to consider pursuing financial independence, you probably accept a motorcar. And if you accept a automobile, trading it in for a used truck to pull the RV probably won't exist much of change.
Getting the RV volition cost you, but I believe you volition salve the divergence in overall in utilities, the modest decrease in rent (depending on where you live) and security deposits over fourth dimension. You can get bang-up deals on RVs online with RV Trader, and one time it'south yours, it'southward yours! No more payments.
Living in an RV after Achieving Financial Independence
Technically, I won't be living the RV life until I encounter my own skewed definition of Financial Independence (Passion fire for the win!) not the traditional "I have tons of coin in the bank" financial independence. Just I call up it'south shut enough that it counts!
My main reason for combining RV life and financial independence is the freedom it offers. If yous aren't tied to a task, you lot can go wherever you lot desire to go, do whatever you want to do. Traveling effectually the US, seeing the sites, and living life on my own terms is a huge function of that. Simply the lower toll of living in an RV is a huge bonus! You won't need as much money in the depository financial institution if y'all tin lower your overall living expenses.
Making Money While Living the RV Life
Since I'm not going to achieve traditional financial independence before living the RV life, I'll need to figure out ways to brand and save money while on the road. Don't get me wrong, I'll definitely be at Declension Fire (I mean, that's part of why I'm waiting in the showtime place!) and hopefully I'll be at barista burn down as well. But both of those fire types yet crave some type of income (and yous never know what's going to happen, and so it's always good to accept options!)
In that location are quite a few options for making some extra cash while living the RV life. Piece of work-camping is one of the virtually prevalent ones (trading space in a park for work – I think it sounds similar a fantastic idea!), simply yous could besides pick up side jobs wherever you lot are, or work online (freelancing, bookkeeping, etc).
My goal is to make a Renaissance Fair store, and brand money selling wares and reading tarots. If you have some imagination, the possibilities are countless.
If you are tied to a traditional job, the RV life can still be for you. Find an RV park well-nigh your company that allows long-termers, and come across if a space is cheaper than rent. It might shave a few years off of your FI date!
The RV Life isn't for Everyone
Some people like the comforts of home, and some people want to fix downwardly roots (and some people just don't want to deal with black water!). All of those things are perfectly ok! The RV life and financial independence may not be the correct jam for y'all. I adopt strawberry, just others might adopt grape, and there is nothing wrong with that.
The great matter about financial independence is that there are tons of paths to information technology and it gives you the opportunity to practise whatever y'all want. For me, that'due south living in an RV and traveling for a while, but your ideal life of freedom might look vastly different. And your path to freedom might look vastly different as well. That's ok! Whatever our different paths, nosotros are all partners in this journey to financial independence, and so lets achieve our goals together.
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Source: https://partnersinfire.com/blog/rv_life_and_financial_independence/
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