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Posts Tagged Money

Don’t Go Gentle Into That Night

I recently was listening to a podcast where a quote was given that struck me.  I have been thinking a lot recently about how predetermined and designed life can be for us unless we wake up and take charge.  The quote was:

It’s called the American dream because you

have to be asleep to believe it.

Wake from your slumber!

The scary thing is if we don’t wake up from this slumber of complacency, our lives are influenced to a point that defies common sense.  It may be extreme sounding, but to be a cog in the machine, to work long hours only to “buy, buy, buy!” it’s like we are merely an engine which we fuel consumerism.  That isn’t to say that to consume, buy or trade is inherently wrong, but to do it with such abandon that the average American has over $15,000 in credit card debt is insane. (source)

dulyposted-live-your-life_quote-610x610Being “awake” is an odd experience when people some call tiny housers crazy for living in a tiny house.  If I were to have no debt of any kind and $10 in my pocket, I’d have more wealth than 25% of Americans combined!  If I have no debt and $15,000, I’d have a higher net worth than about the bottom third of Americans… combined! (source)

We are told debt is normal, that credit cards are normal, that a home loan and a student loans are a “good investment” and people believe it.  I believed it for a time!  I have a Master’s degree and after crunching the numbers, it panned out financially, but that is quickly changing for many people. (source)  A home loan… no thank you.  I have friends who talk about buying a home, with no money down and all I can think of is “I want you to be happy, but I can’t but help question the wisdom of not being able to afford a down payment, but thinking you can afford a house”.

I don’t think it’s my place to say people can’t shop till they drop, have no debt of any kind or they should live in a tiny house.  But I struggle when I see people – particularly friends – taking this predetermined path without giving it serious consideration.  If someone were to be fully aware of things and still decided to proceed, I’d be okay with that, but blindly following the pattern is scary.

tumblr_mzzdbvaN5A1sk4myeo1_1280As I’ve grown older, I’ve seen more and more of my friends get into the grind of adulthood and be miserable in their jobs; luckily I think this is the minority of my friends/acquaintances.  I’ve had friends comment that they now drink more than they used to because it makes the work week a bit more bearable.

I see consumerism as a troublesome band-aid for many folks who are unhappy with some aspect of their life.  Again, I’m not saying no consuming, there are things we need in life, but it shouldn’t be a coping mechanism like it is used today for so many.  I was shocked to find out that I know several people who go to the mall and shop 2-3 times a week!  I think the city where I live, Charlotte, is on the extreme end of this, because I have 6 large malls within a 30 minute drive of my home; there is even tour bus companies here that bring people to our city just to shop!

To not just complain about it all, below are some things that might help determine your own path.

  1. Consider what your goals are in life, then look at why they are your goals, dig deep.
  2. Write a personal mission statement.
  3. Do the math on what debt really means for you.
  4. Ask yourself “if I could do anything right now, what would it be?”
  5. Identify the reason you cannot do number 4 right now… How can you eliminate that?
  6. Consider how resilient your currently are in your situation.  How can you be more resilient?
  7. Identify stressors and potential disrupts, guard against or change to eliminate.

 

To close I thought I’d share this poem, which I used part of in the title.  It’s by Dylan Thomas

Do not go gentle into that good night,
Old age should burn and rave at close of day;
Rage, rage against the dying of the light.

Though wise men at their end know dark is right,
Because their words had forked no lightning they
Do not go gentle into that good night.

Good men, the last wave by, crying how bright
Their frail deeds might have danced in a green bay,
Rage, rage against the dying of the light.

Wild men who caught and sang the sun in flight,
And learn, too late, they grieved it on its way,
Do not go gentle into that good night.

Grave men, near death, who see with blinding sight
Blind eyes could blaze like meteors and be gay,
Rage, rage against the dying of the light.

And you, my father, there on the sad height,
Curse, bless, me now with your fierce tears, I pray.
Do not go gentle into that good night.
Rage, rage against the dying of the light.

 

Finally, I’d like to hear your thoughts about this topic. 

Your Turn!

  • How did you “wake up”?
  • How do you help people consider their path?
  • How can we awaken loved ones we care about?

Tiny House Chat – This coming monday

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We had planned on having our tiny house chat last Monday, but our guest had a family emergency and we had to postpone to this coming Monday.    We are going to be talking about building a business in your tiny house, so that you can leave behind your 9 to 5 and live life on your own terms.  We will also be talking about how this is a vehicle for you to follow your passions in life while still earning a living.

We have two amazing guest: Danny Dover and Kacie Erikson

Danny is from Life Listed and has made a living for himself, independent of a location and travels the world while working remotely. He is best know for his journey of pursuing his bucket list.  I recently found his TED Talk and I knew we had to get him for this chat!

Kacie is the perfect guest because that is exactly what her business is AND she’s building a tiny house! Check out her background over at www.ikilledthejoneses.com and her tiny house at www.treadingtiny.com.

 

All the details are here

 

 

Tiny House Chat: Tiny Businesses For Tiny Houses

Untitled-1dMacy and I are back at it again.  We will be starting back up the Tiny House Chat. Join us September 2nd at 8pm EST (5pm West Coast) for Tiny House Chat.  For those of you who are new, Tiny House Chat is a basically like a online get togeather where we have a topic, a guest speaker and then we talk about whatever else comes up.  It’s always a

This month we will have Kacie Erickson back on to talk about tiny businesses and tiny houses, how to set up your own micro business to free yourself from the rat race and start to maximize your life’s potential! We will talk about how to go about setting up and running your own business, limitations and benefits of doing that in a tiny house. Kacie is the perfect guest because that is exactly what her business is AND she’s building a tiny house! Check out her background over at www.ikilledthejoneses.com and her tiny house at www.treadingtiny.com.

Macy and I will also be talking about our own adventures and why we feel they fit perfectly into our tiny lifestyle. The more people who are a part of this conversation the better off we will all be, log in and join us with your ideas, questions and concerns, lets hash some info out together!

This chat will be:

Monday, September 2nd, 2013

8pm-9pm Eastern Time (5pm-6pm West Coast)

www.anymeeting.com/tinyhousechat1

You can RSVP here: https://www.facebook.com/events/1412818222264074/
Mark your calendar!

Tiny House Chat is a space for Tiny House enthusiasts to come together and share ideas and stories. The concept of this is to be for the Tiny House community and facilitated by the community. We hope that this platform will achieve the following:

  • Develop lasting connections among the Tiny House community.
  • Strengthen and expand the community.
  • Foster the sharing of ideas.
  • Provide a resource for the various stages of a tiny house, from the ideas stage to the ‘is-this-working-right’ stage.
  • Have a lot of fun and get to know each other better!!
  • Anyone who is interested will be able to log in and chat via text!

How Little Can You Live On?

As of late I have been looking into what it costs me to live the life I lead.  I generally don’t spend a lot of money, a lot less than most of my peers, but I still don’t think where I am at with my spending is good enough.  Then I went over to Early Retirement Extreme where I reread some of their articles and I was very impressed on how little Jacob lives on….  $8,000 a year!

Come this summer I will have a yearly cost of living of $15,000.  Like Jacob, I am single with no kids, which inherently drops my costs significantly.  Here is a general summary of my costs:

  • Cell phone $80
  • Food (grocery and eating out): $350
  • Utilities (power, water, gas, internet): $150
  • Gas:$150
  • Car (savings): $200
  • Spending/Entertainment: $200
  • Insurance (employee portion): $45

Monthly Total: $1175

retirement_jar_custom-e47537ac27aa5cf9b11f4e4732c87e1def232852-s6-c10So obviously I am almost double the cost of Jacob’s spending, but I have elected for some things that he’d label as “luxuries”.  Namely a car, eating out and I also have a much more comprehensive insurance package.  For the things not included: taxes and car insurance, that is where I get the difference between monthly ($1175 x 12 months = $14,100) and yearly of $15k.

For retirement savings, paying off student loans etc I make a lot more than my costs; so right now I focus on double and triple paying my student loans each month.  Once that is gone I will be shifting that focus to building my retirement account.

Part of what ERE points out is if you can drastically minimize your monthly costs, you can retire much earlier than most.  It certainly is a balance of living comfortably vs saving so much that you don’t enjoy it, but I think living comfortably is much less than most people think.

Your Turn!

  • How little can you live on (what does that cover)?
  • What are things you gave up or wish you could give up?

Taking Tiny Houses To The Next Level

There has been some discussion on our site about Tiny Houses whether or not Tiny House have “arrived”.  I personally think we are there or close enough, but certainly we will keep on growing.  It got me thinking, if there were a few things that I’d like to see in the coming years, what would they be?  Here are the top five things I think would take Tiny Houses to the next level.

1. Tiny House Lending

I think this is pretty self-explanatory; Tiny Houses face many barriers to getting capital to build their Tiny House.  While I am generally against having debt, Tiny Houses often are about the cost of rent for 3 years if you build it yourself, but most don’t have the money all at once.  I’d love to see a 3 and 5 year mortgage option for Tiny Houses.  I wrote more on this here

2. Tiny House insurance Co-Op

I firmly believe that there is a need for a nonprofit insurance company, that doesn’t have shareholders.  The idea that profits should be generated above paying staff and direct costs to the provider is something I take issue with.  So let’s have a nonprofit cooperative insurance group that specifically ties into the tiny house community.  I think much of the success of this will hinge on getting enough people involved and the establishment of plain language building code.  More here

3. Accessible Tiny House Building Code

What if building codes were written in plain English?  What if building codes made special provisions for Tiny Houses?  I have struggled with this one; do we want to bring in a formal building code?  It is a tough call.  I think in order to establish safety standards and open a dialogue with municipalities this is something that will inevitably come, so it might be better if we write the code instead of someone else calling the shots for us.

4. Tiny House Land & Communities

I would that getting land might be one of the largest barriers to Tiny Houses, to put it simply, land is really expensive unless you want to live in rural areas.  I’d love to see some land open up that is near a city and is opened up to Tiny House folks for a small yearly fee.  I have kicked around the idea of purchasing land and opening it to those who want to bring their Tiny House.  I’d charge a reasonable fee; I just need to figure out how to arrange it legally so I can protect myself from liability and squatters.

5. Tiny House Convergence

I would love to see a mass gathering of Tiny Houses and Tiny House people.  I often refer to our community of Tiny Houses people and I think an event like this would bring our close knit community even closer, generate a lot of discussion and make strides in progressing the Tiny House cause.  I would love to see it held where we could make a big splash media wise; just imagine a swarm of Tiny Houses converging on the National Mall in Washington DC one weekend!  The trouble is that we are spread out over a good distance so everyone would have to travel a good distance.

Your Turn!

What things do think need to happen next for Tiny Houses?

 

 

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