How to finance yourself while RVing fulltime?
Lets say you just bought a RV. You don't have much money left after buying her though. But you want to hit the road NOW, not in 5-10 years. What are the best ways to support yourself while RVing fullt...
Forum Discussion
Building a net worth of a million dollars is fairly easy today (a million just isn't what it used to be). Most minor millionaires I know (many colleagues) did it on salary, or starting and running small businesses, and they got there by not spending it faster than they could earn it. They key to building wealth is to not spend all that you earn, and to certainly not spend more than you earn.
Many college graduates today will earn $2-5 million in a working life of 20-25 years, but few will accumulate that wealth, as they spend most of it on things they will eventually discard, or on housing themselves in a place bigger than they need in a location too expensive for the value provided.
A $15/hour job will pay a wage-earner close to a million dollars over a 35 year working life, and many at that level will start early enough to work 45 years. A $24/hour job will pay $1,750,000 over 35 years.
I try to keep my kids on track with lifestyle vs earnings, but sometimes when they get an income boost, or a break on cost of living from moving around, first thing coming to their minds is "what can I spend this on?" The discipline is not easy.
Many college graduates today will earn $2-5 million in a working life of 20-25 years, but few will accumulate that wealth, as they spend most of it on things they will eventually discard, or on housing themselves in a place bigger than they need in a location too expensive for the value provided.
A $15/hour job will pay a wage-earner close to a million dollars over a 35 year working life, and many at that level will start early enough to work 45 years. A $24/hour job will pay $1,750,000 over 35 years.
I try to keep my kids on track with lifestyle vs earnings, but sometimes when they get an income boost, or a break on cost of living from moving around, first thing coming to their minds is "what can I spend this on?" The discipline is not easy.
