Saturday, April 25, 2020

Wanna Live for Free?

Listen people, this is not for everybody, however I did it with a clear focus, living modest, and working extra shifts.
Some distractions along the way, because this is life, and it was a long term plan of mine, to live rent free, and in a couple of years, I will have achieved it. The year of my focus is the year 2022.

Living free, and pay no rent, that sounds so great, but it is not easy at all to achieve it. At this moment I still pay a little to live in a tiny house (32m2/ 300 sq.ft. apartment) however in some years that will be reduced to o.

How did I start and how can you create this life too?

I found myself a full-time job, on a location where I knew I could spend my weekends on the beach, and enjoy time outdoors every day of the year and spend tropical years on an island, without winter, snow, and cold weather, all the way South in the Caribbean. No desire to go on vacation since I had my ideal beach located within 10 minutes drive from my house (a rental).

I only knew 2 people in Aruba, and that was enough for me. I knew that during my days off, I wanted to enjoy, have fun, and work towards something for the future.

From my salary, which is not high at all in the Caribbean, I tried to safe some money each month, which was hard, and did not go as fast as I expected.
During that time I kept my costs low, no smoking, little alcohol every now and then, no Starbucks, no gym membership, no pedicure, no children and so on.

Once I saved enough after many years, to put a down payment to buy a small piece of land, I asked the bank for a loan, and showed them my pay slips, proof of savings, and a letter from my employer, and they approved.

I was over the moon happy. It is all about making choices in life, and this is what I choose to do for me.

fixxer upper in Aruba

For the next 4 to 5 years, after I sign the loan agreement, all money earned I lived from, plus put into paying off that bank loan for that plot of land, so each month I wired a little extra to the bank, to be done as soon as was possible in my situation. The bank allowed me pay of the loan sooner without extra penalties, so a great opportunity for me.

Once I paid of the loan for that parcel of property land, I spoke to a mortgage specialist, to request a mortgage in order to build a house on my land.

The deposit for that mortgage, was my land.

So no savings used, only during the first 4 to 5 years, paid of the land, used that land parcel to use as down payment for a mortgage to build a house.
It takes time, I know, but you do have the time. As long as you want this as bad as I wanted this, and have an income, you can do this too.

result of the house built on that parcel of land

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