Consider alternative living arrangements from "summary" of Quit Like a Millionaire by Kristy Shen,Bryce Leung
If you’re serious about achieving financial independence, one of the biggest expenses you need to tackle is housing. Traditional housing, whether you’re renting or buying, can eat up a significant portion of your income. That’s why it’s crucial to explore alternative living arrangements that can help you drastically reduce this expense.
One option to consider is house hacking, where you live in one unit of a multi-unit property and rent out the others. This way, your tenants essentially pay your mortgage for you, leading to a significant reduction in your housing costs. Another alternative is co-living, where you live with roommates or in a communal living space to share expenses. Not only does this save you money, but it also allows you to build a sense of community and support network.
If you’re willing to think outside the box, you can also explore unconventional housing options such as tiny homes, RV living, or even house sitting. These alternatives not only lower your housing expenses but also offer you the freedom to live a more minimalist and mobile lifestyle. By embracing these unconventional living arrangements, you can redirect the money saved towards investments that will help you achieve financial independence sooner.
It’s important to remember that the goal is not to sacrifice your comfort or well-being. Instead, it’s about reevaluating your priorities and finding creative solutions that align with your values and long-term goals. By considering alternative living arrangements, you can free up more of your income, accelerate your journey to financial independence, and design a lifestyle that truly brings you happiness and fulfillment. So don’t be afraid to step outside your comfort zone and explore new possibilities when it comes to where and how you live.
Read More
Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.
