I’m young, this is a fact, matter of fact I’m just turning 19 and I have the whole world and a life ahead of me. However I’m frightened and I’m scared, I’m actually terrified of debt. It’s statistic that nowadays most people spend the most of their income on rent, many young people are going into credit card debt that is more than 5000$ of what our parents had, we are spending money at an irresponsible rate and realistically we will never fully pay it back. Add student loans on top of that and it is just impossible to ever make that kind of money back. So yes I am terrified of debt and I have made it part of my priority list to make it through my 20’s without getting into debt. I’m not about to tell you some crazy budgeting plan where I live off of ramen noodles. Matter of fact I don’t plan to actually change my outrageous spending habits. I am just going to cut out the major costs and the things that put most in debt. I plan to remove rental costs, no mortgage cost, minimize credit spending and avoid student loans. Yeah, that’s the plan, not to spend differently just remove the most expensive items.
How exactly do I plan to do this? Well I plan to leave a rental situation, I will get out of the dangerous and expensive trap that is renting. When we really look at it, I for example spend 1125$ a month on rent, this making up 13,500$ in a year. I make just a little more than that at my current point in life, so spending such a huge chunk seems a little irresponsible. So I have made it my main goal to make it through my 20’s without modifying too much of my lifestyle, without sacrificing luxury, without losing education and while still enjoying life. I have gone through a frustrating task of trying to figure out what would be the best way to do this an the best way to live. I finally feel like I can say I found a solution.
I had recently come across an inspiring story titled Hank Bought a Bus, see Hank Butitta is an architecture student and he was tired of making projects that never existed beyond the page. He felt that his creativity wasn’t really going anywhere and he wanted to build something. So for a final project he bought an old school bus, gutted it, removed all the old stuff and completely redesigned it. As an architecture student he wanted to further explore the idea of the mobile living and its many misconceptions, he tried to demonstrate that renovating an old vehicle was possible and actually could work great. His project really did just that and he created a beautiful living space, finished with wood, and it was functional and well designed. His project went from something he wanted to try and it turned into a inspiring project. Multiple websites featured his project and he received attention from all over the world. He inspired me to take this concept and push it further.
So when I took a look at how it would be possible to live rent free and mortgage free for my 20’s I had to explore two different options. Both beyond the practical way of life, but both still luxurious and personal. The first option was a tiny house, a small house that is built on a trailer with the same building principles as a full home. They are roughly 150 square feet, they have everything necessary and can be towed and placed wherever. The second option was Hank’s bus, building my own bus and recreating his idea to make a functional long term living environment.
Both options cost overall less than 15,000$ at a maximum, and this would be a one time expense. The one time cost would allow for a mobile living environment for however long I needed.
One of my main aspects of living rent and mortgage free was that I wanted to start making money. I work, I actually work a lot, sometimes one job, sometimes multiple. But at the end of the day I am still basically living pay cheque to pay cheque. It isn’t bad but it isn’t saving. I wanted to receive a pay cheque and actually make money, instead of having temporary funds that allowed me to pay off rent, bills, and so forth. I wanted to make the money I earn, not spend it all at once, and both of these options allowed for that to happen, a one time cost and then just move on with life.
So I made a decision after multiple pros and cons lists, multiple re thinkings and redesigns. I decided to choose a bus, because the framework existed, there was more square footage and I didn’t have to buy a car or truck on top of building a house. It was a large mobile structure which I could take with me and the house would come with, it is the ultimate all in one solution. With little inspiration other than Hank I have to design most of it from imagination and see what I can dream up. See Hank never finished his concept, there are many things it still lacks and it is not a complete living situation. I want mine to run on its own, be completely independent and replace any other living situation I have.
The next step is to create a smart space within a bus that is functional mainly for me, but can support up to 6 more people. The bus needs to have ample storage, and functional space, it must have a full bathroom, kitchen, living room and bedroom. There can be no dividing walls because the space needs to remain open, there needs to be unfiltered natural light and it needs to be functional off and on grid. It shouldn’t matter if I am in the middle of nowhere or the middle of a city, either way I shouldn’t have to sacrifice my living situation or my quality of life. I want a space that is beautiful and brilliantly designed as well as something comfortable and functional. Hank made a great opening statement by creating a beautifully designed, functional space but he didn’t finish all the actual workings. For example his doesn’t have a functioning washroom, but the space exists.
So how does mobility become a potential quest? Well here is my problem, in a 2 year period I have moved 7 or 8 times between houses, apartments and so forth. It isn’t that my living space was bad, but that I got bored of the surroundings. Having mobility and a fresh space is fun for me, sure it is expensive but I just can’t settle. The bus allows me to travel when I wish and where I stay will always be different. There is nothing tying me down to a property or space, I am mobile and can be wherever I please. Hotels would never be a thing, because my home would just come with me. Owning a vehicle and renting are the two highest costs, so by combining them I am simplifying everything and really only paying for the vehicle portion. So my quest is currently to last a minimum of 4 or 5 years in the bus. I want to make it through the university stage of life without living in an apartment or rental space. I also want to travel, this doesn’t mean to other continents since I am still fascinated by what we have here, the idea of a road trip seems like fun and being able to really go anywhere in North America is nice. I can just up and travel anywhere during my free time which is a nice feeling.
In theory a one time cost of under 15,000$ and then afterwards gas and food is the only expenses for my lifestyle. It would allow me to actually make and save money after that one time expense. I wouldn’t sacrifice my lifestyle which seems luxurious but is really just dressed up to look nice. I wouldn’t have to sacrifice much other than an apartment in a convenient location. I would get to design my space and do what I will to make it my own. All of these are appealing to me and provide the kind of financial freedom I am searching for. I plan to continue this discussion and I would love to hear some feedback or advice from others.
As always thank you for reading my random mutterings and articles, I appreciate it so much!
Have an amazing day and stay tuned for more on this topic.