bigdogger wrote:
loulou57 wrote:
I don't agree with being one wreck away from being homeless. Sadly, your home can burn down etc. Both homes are insured and can be replaced.
You may not be one wreck away from homeless, but you are one major mechanical malfunction away, or 10 years of depreciation away from being extremely house poor. Your stick home generally appreciates long-term, at least keeping your net worth somewhere close to staying even with inflation (assuming your home is your largest asset) Making your RV rig your largest asset is a sure way to see your net worth start circling the drain.
Fulltime travelers for 13 years with no physical assets aside what we have with us. We have had, and are having the time of our lives visiting places that 90% of even north americans have never experienced and we've done it all at our own pace,(Read slow, reflectively and absorbent) and on an income that most people don't believe. The "secret" is complete lack of debt. We didn't have any 13 years ago, anywhere in between, or now. We have just about every "goody" that most other folks have on or off the road, they're just all paid for. Folks are amazed at what can be done when they don't have to make 'payments'.
As to accumulating or maintaining "net worth", OUR "net worth" is predicated on accumulated experiences, not "stuff".
If we die tomorrow it will be as happy and fulfilled people. I just read that sentence to my wife and she vigorously asserts: "Absolutely"