Forum Discussion
Blackcell
Nov 05, 2014Explorer
This is a difficult question to answer as it will vary for everyone's status in life as already proven just by the comments here. Best you'll end up with is enough comments to start forming your own conclusion. I know folks who do it with little as $1600 and a few others who require north of $6K. Also travel itinerary (FUEL) and where do you plan to spend for extended periods, food preferences, health care, maintenance costs.
I wouldn't downsize just because you may not fit into NP campgrounds. Otherwise, after you been living it in awhile you'll likely regret the decision.
The reality is it all boils down to your chosen nomadic lifestyle and the consequences you're willing to accept. Personally, I could do it now on $5K assuming I was debt free. Unless one has an endless supply of cash reserves, learning to live minimalistic smartly and still remain happy is golden. Research, budget planning, more research & planning, discussions with a finance consulting planner (helps if this is done very early on), backup or exit strategy in case the unthinkable happens is key in my opinion.
Another item for thought is where do see yourself 3, 5 or 10 years down the road? An old timer once told me the rich RV'ers go to Florida, those who think they're rich goto Arizona, and everyone else comes to Texas. Don't know how true that is but he formerly spent his winters in Florida but now resides in Texas most of the year :-).
Please note I'm not a full-timer (still in my 40's) and no expert on the subject but have been doing alot of research and soul searching on the topic.
My Grandparents did it and I'm hoping I can do it before the country implodes.
I wouldn't downsize just because you may not fit into NP campgrounds. Otherwise, after you been living it in awhile you'll likely regret the decision.
The reality is it all boils down to your chosen nomadic lifestyle and the consequences you're willing to accept. Personally, I could do it now on $5K assuming I was debt free. Unless one has an endless supply of cash reserves, learning to live minimalistic smartly and still remain happy is golden. Research, budget planning, more research & planning, discussions with a finance consulting planner (helps if this is done very early on), backup or exit strategy in case the unthinkable happens is key in my opinion.
Another item for thought is where do see yourself 3, 5 or 10 years down the road? An old timer once told me the rich RV'ers go to Florida, those who think they're rich goto Arizona, and everyone else comes to Texas. Don't know how true that is but he formerly spent his winters in Florida but now resides in Texas most of the year :-).
Please note I'm not a full-timer (still in my 40's) and no expert on the subject but have been doing alot of research and soul searching on the topic.
My Grandparents did it and I'm hoping I can do it before the country implodes.
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