Why We Won’t Have a Home – Early Retirement Conversations

Updated : Sep 09, 2019 in Articles

Why We Won’t Have a Home – Early Retirement Conversations


hey it’s Tim! it’s amy from GoWithLess.
we’re so glad to see you here at our channel. you may notice we’re back home.
we’ve been on the road for nine weeks and it’s finally time to come back home.
that’s what our topic is about today. we’re getting ready to sell our home and
it’s met with a lot of mixed opinions, I guess it is. we’re gonna be talking about
why we are not going to have a home in our life anymore in today’s video. I hope
that you’ll stay tuned. I’m going to say mixed emotions as well. in addition to
opinions. including our own emotions. so with that, every Wednesday we come out
with a new video here on our channel. if you aren’t currently a subscriber, please
be sure and hit that subscribe button. also ring the little bell and you’ll be
reminded every time we come out with a new video. please give us a thumbs up. and
with that let’s get going. often times we meet new people and we’re talking about
our early retirement and the fact that we travel a lot. people are intrigued and
oftentimes they’re interested in “I really like”, “that that sounds like it
would be a lot of fun to retire early and to travel a lot”. where we lose people
consistently is when we talk about the next step we’re planning to take. and
that is we are planning to sell our home and not have a home. we are going to be
on the road full-time being nomads. yeah we’re looking to do that for a really
long time. now had you asked us in March of 2018 we would have said we will not
be without a home. as a matter of fact, we were interviewed on a big podcast, on an
early retirement podcast called chooseFI. we had the conversation in March of 2018
and the hosts asked us if we would ever be full-time nomads and sell our
home. we said no absolutely not. and we really believed that. the episode came
out in June of 2018 and we had changed our tune and we decided to get rid of
our home at the end of 2019 at the beginning of 2020. so it’s kind of funny
because we changed, too. that’s right. consistently it seems like we make
regular changes to our plans, as you probably if you’ve watched our channel
at all you know that we change. and here’s what went into changing our mind
on this. a year ago, year and a half ago, back in that March of 2018, I was really
involved with planning our big nine weeks away last year. this is in 2018. and
I’m planning 10 different cities. we have four or five, maybe three days in a big
city like Budapest or Krakow, Poland or Prague, Berlin, Munich…all these places.
and as I was planning, I realized we’re just scratching the surface of each one
of these cities. we don’t have time to see all the things that we want to see.
we don’t have time to leave the city and to see other places nearby, that are kind
of day trips from the city. we didn’t have time because these are all huge big
cities. and not only that we were really exhausted because we were packing so
much in to four or five days in these world-class cities that we didn’t really…
we had a great time. but we have to go back to every one of these places
because we didn’t just say “okay great we’ve been there, done that, we can move
on to a new place”. we want to go back to every single one of them. and what we
realize is that life is too short. we do not have enough time to see and
experience all of the places in the world that we want to see and experience
so we’re going to cut out our home in the process. I think we both have, and
we’ve talked about this a bit in the past as well, a serious case of FOMO. this
fear of missing out. and so that probably means something different to other
people. but for us it means that we’re gonna, we’re afraid that we’re gonna, miss
a part of this life that we want to lead. and not having a home sort of forces our
hand to be out there, doing what it is that we want to do. and that’s being on
the road and experiencing new places experiencing new people and just living
our life. and here’s how I looked at it. so I mentioned at the top of the video
that we, this year, we had another nine week trip. we’ve been gone for nine weeks,
two summers in a row. but this time we had two days, two three nights – really two
days – at home in between the two trips. and what I told Tim, I said it feels kind
of like when we were kids playing the game of tag. and you had a home base. when
you would run and be crazy and have all the fun and adventure off home base,
coming back to home base allows you to like “ahhh, I’m on her base, I’m safe”. but
all the fun is off home base. the fun isn’t on home base. for us, and some
people the fun is on home base. if you’re one of those people, great. for us, the fun
is off home base. and we realized that…so so we’re kind of a little bit torn. we’re
gonna be talking about the mixed emotions Tim alluded to in our video. but
there’s something to be said for home base but there’s also something to be
said for living our life off the home base. that’s exactly right. yeah. so we’re
gonna talk a little bit about why we aren’t going to rent out our place. so we
have a home outside of Colorado and we have one townhouse. we have been
approached by a lot of people about maybe just rent it out and keep it.
here’s why we’re…here are the reasons why we are going to sell it. number one
is we just don’t think it makes good business sense. and so there’s this thing
it’s like a 1% rule. if your rent doesn’t cover 1% of the purchase price (we
obviously own this place), then it’s probably not a good investment
to make. well right now, with the market being so good, our home (we hope) will sell
for more than that 1% number. and so the return just wouldn’t be that great, at
least based upon the math that we’re doing. it’s
like not even close. it is a really bad decision if you look at it as buying our
current home as a rental? people wouldn’t do it, so it doesn’t make sense to
maintain it. second we really like the idea of having
a home, but if we rented it we wouldn’t be able to come back home. so having a
stranger living in our home for several years doesn’t give us any more of a
concept of home. we would just need to get another home, right? that’s exactly right.
but Parker’s also been really good to us. but most of the time we spend a lot
of time in Denver, so a lot of the things that we love to do are in Denver. so
we’re commuting to Denver a lot. that costs a lot of money. so if we want to be
in Colorado, which there’s a good chance that we may be in Colorado in the long term.
but if we want to be in Colorado, it’d be better for us if we were in Denver, for a
number of reasons. and so Parker isn’t necessarily a place where we want to be
in Colorado. and for those who don’t have a clue where the heck Parker or Denver
are. it is maybe 45 minutes to an hour and 15 minutes for us to get up to
Denver. so when Tim says that it costs money, it also costs our absolute most
precious resource – time. so it takes us a lot of time to go to Denver. and we don’t
do all of the things we want to do in Denver that we would like to, because it’s a little far. we have a hard time just going up and seeing a movie
for two hours and coming back home. or going to a lecture for an hour and
coming back home because the drive is more than the activity. so we just want
to be up there and we’ve talked about that before, but it’s a big one that we
want to be where our stuff is, like our the stuff we want to do is. I’m gonna
mention that there’s a lot of mental baggage. so having a rental property…we
only have one. we have friends, many friends, who have a lot of rentals and it
seems like it works great if you have multiple because it kind of spreads out
the mental baggage. but we would only have the one. so even if it was rented
out every single day, it still doesn’t make financial sense for us and we’d have
to pay 10% to a property manager to collect the rent and find a tenant and
take care of all that because we’re gonna be far away. yeah we wouldn’t want
to have to deal with that. so that 10% premium isn’t something we would have to
pay, but we would feel compelled to pay it if we were here so again that just
makes the business side of it not so great. and the way we look at it is if we
were to rent out our place it’s just expanding our investment portfolio. it
wouldn’t be keeping a home because as Tim mentioned, we don’t want to come back
to Parker, really ever. we want to come back to visit, because we have friends
here, but we don’t want to come back and move here. so for us, taking the selling
price (because we do own our home outright), taking what we…with all the
proceeds from the sale and investing them, makes a lot more sense for us. and
that’s a better financial decision. yep. so maintaining this property, when we say
it would come as an emotional baggage, it would ,we would still be tethered to
Parker, Colorado. so I think in the back of our heads, we would have this home
here. and this would still be a place where we would be called back to to deal
with the property just to deal with the the fact that we own this thing that’s
in Parker, Colorado. so being done with that allows us to be done with that
baggage. Tim and I treasure freedom. freedom from our jobs, even though we
liked our jobs, freedom from having them. freedom to go to new places and freedom
from our home is a really big thing for both of us. thankfully we’re both in sync
with this. it is amazing that we are both in sync on this. every day, I think, we
run into a situation where couples are talking about money or talking about
other things and they’re just not completely on the same page. Amy and I
think in 99 percent of our life we are just in sync. so it’s a great.
and here’s the crazy thing…so when I was planning that trip a year ago, I told Tim,
I said “you know, I think that we should get rid of our home and not have a home”
“okay!” that was as easy as that. so we have a
lot of couples write to us…a lot of couples, actually. it’s funny how many men
of couples write to us about their situation and it’s wonderful. so we
encourage you to do it. we really love that connection. and some of them are on
the same page, some of them aren’t. so we really appreciate that we don’t have to
convince one or the other to get on the same page. very lucky. this is probably
the most lucky thing of our whole life. I couldn’t agree more.
yeah but here’s another thing and this is gonna be a teaser. we did a teaser in
last week’s video for this video. we’re doing a big teaser for next week’s video.
and we are actually gonna be moving. we’re moving to Texas. that’s gonna be
next week’s video why are we moving to Texas. so getting rid of our Colorado
home address, the ties to Colorado, frees us up to move to Texas. please
subscribe. make sure you watch next Wednesday because that’s gonna be an
exciting one. it will be very exciting. oh by the way, I am from Texas. so that’s
where I grew up and I lived there until I was until 1999. so I’ve been in Texas
for a large part of my life. yeah so no one’s heard us drop that on this
channel and we are excited to share that news. but now we’re gonna talk about the
things, the mixed emotions. I’m gonna miss a home. I’m gonna miss a home a lot. when
we were home, it was kind of nice to have that “ah”. and we do…for those who might
not know this…we do a lot of house sitting around the world. we can
find that “ah” sense of relaxation in someone else’s home. it’s kind of funny
to think that you might be relaxed in someone else’s home, but until you do it…
ike I I don’t know that we would find that at all homes…but I truthfully, I
sleep better in many of the house sitters homes and beds than I do in my
very own bed which I think is the craziest thing but it is the truth. we
slept beautifully… I mean are we just came back from San Diego and the weather was
exactly what we are talking about, what we’ve been looking for every day of our
life. seventy five every single day. 65 degrees
fahrenheit every single night. perfection! made for great sleeping. we
talk about stuff our stuff on this channel and a lot of our viewers leave
comments that they’ve gotten rid of all their stuff and they have like one
suitcase. I am not that person. so we are getting rid of our stuff,
it isn’t easy, though. and we’re going to be talking about… so we’re we’re kind of
really deep into getting rid of our stuff. we’ve come back, we have two weeks
at home. we are getting rid of a lot of stuff. we’ve already gotten rid of a lot
of stuff. five years, four years ago we got rid of tons of our stuff when we
downsize to this home. so getting rid of our stuff is a common theme. usually it
comes with freedom and feeling free. but until that freedom comes and it’s gone,
it actually kind of weighs quite heavily on me. I really do have a very
close like grip on my stuff. and coming back for two days? I was living with a couple shirts for seven weeks in Europe. I got
back. I have my entire wardrobe all over again. and my stuff in my kitchen. and my
spices. and just…I don’t know, our variety of things that’s more than we have in a
small suitcase. and I kind of get tied back into that with with having a home.
so I had real mixed emotions that I’m leaving my stuff again. Amy mentioned
last year, about June, we made the decision that we were going to sell our
home and possibly be nomads. I think what really closed the deal for us was after
we were in France for (seven weeks last year?). no last year we were…so we did big
quick travel to ten cities for five weeks and then a house sit for four weeks in
France. okay so last year when we were in France,
we were away from our home for all that time. at the end of that trip, we realized
that this is something we could possibly do full-time. we didn’t necessarily miss
the things that we had back at home. and I think this trip, again this year, when
we were in France for seven weeks, that it was even more convincing that this is
something that we could be doing full-time and not be missing the things
at home. like Amy mentioned, I think that … I was anxious to get back
after our trip to San Diego just yesterday because we have a lot of
downsizing to do. we have chores that are here at home, once those chores are gone,
and once this home is gone, and once we are free from all the things that come
with owning this home? I don’t think it’s going to be too bad for us to be on the
road at all. we’re gonna actually love it, is what I believe.
it’s not gonna be too bad, it’s going to be amazing.
if for some reason it turns out that we don’t like it, the worst case is is that
we go back and we start renting someplace and
ultimately buy a home in a place where we really want to be. so not here in the
home where we are right now. yeah and when Tim mentions like when I say I have
a hold of my stuff, I have a hold on my stuff when I’m near my stuff. when I’m
away from mystuff? You stuff has a hold on you. maybe, you’re exactly right.
so when I am away I don’t care. I don’t miss it at all. as a matter of fact I was
regretting overpacking so much and I had one small bag and a small backpack
for my laptop. so I didn’t have that much stuff and I still regretted bringing so
much, mostly because I had to carry it a lot and it was it was crazy. but here,
when we do get home…so not having a… Having a home, by the way, is a big cost. so
what we’ve realized is that our current home, that is paid off in a town we don’t
want to be in…number one it requires a car, which we will also be selling soon
enough. but number two, staying in this home costs us $1,000 a month and it is
paid off. that’s the property taxes and the insurance and the utilities and the
HOA fees. $1,000 a month. we’re only gonna be in Denver for one month a year, so
certainly it doesn’t make sense for us to have an empty home for 11 months.
but if we wanted to have a home in Denver, where we are renting that home, we
figured that a home that we’d want to be in, a one-bedroom apartment, would be
about $2,000. and that includes our insurance, rental insurance and the
utilities. and all in about two thousand dollars and that’s we’re not talking
like a fabulous we’re talking like a one-bedroom normal nice place. but having
$24,000 a year tied up for us to come back a month a year? this is
a money decision. so do I want a home? 100%. am i guaranteeing that I’m gonna be
okay without a home? I am NOT. you’re gonna be seeing how we do on this
channel as this unfolds. but I kind of have a little trepidation. but I’m not
willing to spend twenty four thousand dollars a year to have a home to deal
with that. I think we just said two different things. there number one it’s
gonna be liberating to be done with a home, we can’t wait to be done with the
whole mixed emotion. and then number two, Amy just said that it’d be really great
if we could afford to have a home. so I think that if if all things…if we had a
few million dollars more than what we have in the bank? there’s some chance
that we would own a place. that wouldn’t be here, it’d be someplace else
where we could come and sit down roots whenever we’re here back in the states.
since that’s not in the cards we are going to sign up completely for being on
the road and be very excited about it. and actually what Tim says, so what
I’m looking at a one-bedroom that is even more…so the house we have now is a
townhouse. all the outside shoveling and mowing and all the maintenance is
totally done. but it still is a townhome. having a one-bedroom place, in like a
doorman building? that would not have the mental baggage. we’re
not talking apples to apples. so having a one-bedroom, I don’t think it would have
like the mental problem that our home is unattended? I don’t think I would care
about that. but here’s what the last thing on this is that if we don’t like
our Nomad life, we are getting rid of every single piece of furniture. we are
getting rid of a lot of our stuff. so we’re back home for almost four months.
I’ve already been getting rid of a lot of our things and some of it I’m ready
to be using. we’re back in the kitchen cooking. but I had like a veggetti, like a
peeler for the zucchini that makes like zoodles, the zucchini noodles.
I’ve already a friend has already take that off of our hands. well I was ready
to use that today and we don’t have that. No zoodles for us. No zoodles for us!
so the idea like maybe repurchasing all of this stuff at full price when we’re
selling it at like five cents on the dollar or less is definitely daunting
for someone who’s kind of frugal. so the idea that we could get all new stuff is
kind of cool. but for someone who has a hard time spending money, that is not
such a fun idea. we don’t really like that. yeah. I think actually it would be
it’d be like starting over and it’d be fun to start acquiring these things
again ten years down the road. hopefully, if we’re doing this in a year it’d be a
little challenging from an emotional standpoint. but I think in ten years
things change. a lot of this stuff, especially with technology. with
televisions and the things that we were probably going to have in our life in
ten years, those things will be completely different. so we’ll have an
opportunity to just do a refresh whenever we settle down. assuming we do
settle down. so really what it comes down to is that we’re making a gamble and you
are along for the ride. are we going to like our nomadic life? we have many many
many many friends who guarantee that we’re gonna love it. we think we’re gonna
love it otherwise we wouldn’t be doing this. but are those friends as much of a
homebody as I am? I’m a homebody! so I love travel…it’s funny because I
kind of have two sides. half of me is a homebody, half of me loves to travel the
world. these are two very very different halves that live in the same body and
it’s gone quite well for a big chunk of my life. but I’m getting ready to…the
homebody is kind of not gonna be satisfied. so let’s see what happens cuz
I’m real interested. I think this is a little strange for me. I think a lot of
people that travel for business, once they’re done with their career and they
traveled all the time for business? they’re sort of done with travel…”I’m done, I’m done with it”. for me, I think it’s sort of stoked the fire. all
these places that I went to I’d get to go there, I’d do my business. I wouldn’t
get to experience a place. but I loved getting on a plane and going. so for me
it just stoked the fires of travel and I can’t wait to get on a plane again and
go someplace new. luckily Amy and I were talking again today about how blessed we
are that we are on the same page when it comes to travel. I can’t imagine if one
of us would were to say you know I really don’t like this travel thing. I
think it would really put a damper on our lifestyle plans. yeah maybe our
marriage. maybe our marriage. yeah so we gave you the big teaser…we’re moving to
Texas. we’re gonna talk about that next week. we hope that you will give us a
thumbs up. again subscribe over here if you haven’t. ring the bell. comments…what
are you thinking? would you give up your home? I know a lot of our viewers have
already weighed on this. please comment again. our viewers…I like when people
kind of comment on other people’s comments and hopefully other viewers will
respond to your comments as well. but I would love to know. could you get rid of
your home? I am still like, I am feeling a little funny about it. But hopefully…
hopefully Tim’s confidence will barrel us through. we’ll see you next Wednesday

51 Comments

  • I find the idea of getting rid of everything very liberating; my husband has other ideas so it’s great that you are both on the same page. I am not sure how I would do without a “home base” and have thought maybe a leisure van would be a good option. That way I could still travel and have a home. Then when I want to travel overseas, I could park it temporarily. When you become nomads, how do you file income taxes?

  • I love traveling but I do get burnt out and find myself wanting a break by going home for awhile. Do you feel this way at all?

  • We love being homeless nomads, but with that said, we do miss having a true community. That’s why over the next few years we are searching out an international home base or home bases to spend 3-6 months a year while we continue to slow travel.
    It was hard for us, too, at times, to get rid of our stuff, but the freedom is totally worth it!

  • "Slow travel is the best travel." For me personally, a month in most countries is the minimum. Other countries require 3-6 months for a truly immersive experience.

  • Love hearing about your plans. I am definitely one whose fun is on home base though! 🙂 Bret and I constantly appreciate how blessed we are and how much joy we get from our home and our time on our deck enjoying the changing clouds and view. With our cruise this last July I definitely realized I am very much a homebody. Traveling Internationally is great but I do not want to do it often, we are thinking every 10 years might be good for us. I want to do more local traveling and camping in the mountains! We met several couples who love to be international travel nomads and I think it is fabulous so many more people are getting out and living that life now.

  • I disagree with selling your home. I plan on retiring from renting out my homes. I have a rental out of state and I manage it. It’s not very difficult at all. It sounded like your home is paid off? So you can collect a monthly income…just my opinion 🤷🏼‍♂️

  • Great channel! We began traveling full time in December of 2018 visiting each city 4-7 days and find that we are having the same challenge around not having enough time in each place. Travel at this rate has created a feeling of burn out for me (Reshawn). After 5 months of nonstop travel, I am so glad that we did not give up our home. Congratulations on making the decision that works for you!

  • Great transparent video, highly appreciated. I’m the same way half of me is a gypsy, I love to see new places and experience new things while the other half is a complete homebody…almost at hermit status lol…
    We are getting our home ready to sell in September ( the goal) to buy an rv travel full time and take home sitting gigs in Europe. Also live a few months a year in Mexico. We will have the rv as a tiny “mobile” home with some highly appropriated necessities.
    While away we will store it.
    Looking forward to watching your journey…btw the serious Downsizing is brutal! I’ve been doing it for sometime now, so emotional but once the stuff is gone I am definitely feeling lighter, free-er and maybe even a bit liberated. I believe the stuff can really hold us back, at least I think this has been my experience as a artistic creative person, my things have defined me in a sense. It’s a whole new world opening up. Best of luck to you 🌈🎉

  • I feel like you guys are telling our story! We are so lucky to have spouses that want the same things in life. We’re in the process of selling our stuff and it’s a bit of a struggle – taking so little money for some things is hard. We are keeping a small storage unit for those things we can’t part with or that our kids want. Also, thinking about the homebody issue – when staying in a new city becomes just our life instead of vacation it should be easier to spend days at home reading a book rather than feeling like we have to go see something every day? Thanks for sharing your journey!

  • I am easing into this. Giving up my place end of October and some stuff goes in storage. I will be staying with a friend when I am not locally housesitting to make money. I plan on housesitting at least 3 X per year internationally. I'm going to see how it unfolds and make changes as time goes on.

  • I was paying $1200 a month plus utilities for rent and was never there due to local pet sitting. A waste of money. When you do settle down again, you can get all that kitchen stuff, etc. at yard and estate sales for a song – usually in great condition. Also buy things online. The hunt for new (to you) items is fun. It's the art, sculptures, jewelry and designer clothing that I am keeping.

  • Like to see you travelling full time in your '70s and '80s years of age. You with a walking stick wheeling your bag. Sometimes sitting at home is enjoyable too. Yeah sell your property and put in a term deposit and earn negative interest rates. Really smart!

  • Another thing you may not have thought of – if you rent out your home for more than 2 years, you would have to pay capital gains taxes on the sale since it would not be your primary residence. Good decision!!! Hope you enjoy Texas – I'm there too!

  • I enthusiastically applaud your choices! Your thoughts and preferences will morph as you go along, and that's a marvelous way to live (in my opinion). Like you two, Dave and I are 99% on the same page when it comes to our nomadic lifestyle and we have no plans of settling down any time soon. Despite having no desire to ever move back in to our "home", it makes better financial sense for us to keep it rented and we're comfortable with that (for now), as we've had the same fantastic tenants for the past 4 years. Good on you! I'll enjoy travelling along with you. Suex

  • This gives me food for thought. Where would you invest the proceeds from your home sale?
    That would be interesting. I love the freedom idea. I am single (divorced since 2001) and I am intrigued to not be tied down…by anything. I do get social security and I could make that work with my savings. I love to have a home and I now live in a co-op in a high cost of living city, Washington, DC. with the desk receptionist lawn maintenance and staff, but the fees are high. I pay nearly $1,000.mo BUT it includes EVERYTHING except for my Internet service and cell phone ($24.00 with Republic Wireless). I am 65 in September. I can walk to many things and do not need a car which I do have also. Lots to think about. I love to travel as well and house sitting sounds fun to me as I am in good health. I am eager to see how your adventure unfolds.

  • I am excited for your new chapter!!! Come and visit me any time you want to put your feet on the coffee table. 🙂

  • I have found all of you videos extremely useful and educational. Thank you for doing them with joy and enthusiasm. I do have a few question on your current plan. Will you continue to house sit and if so will you be doing hotel stays mixed with Airbnb for the in between times? What percent of the year do you project will be house sitting to maintain your current budget and will that budget stay the same in your new and exciting nomadic life?

  • I feel similarly. I want to give up a home but am also a homebody. I’ve considered vanlife (some van homes are really nice) but am unsure if it’s right for me, particularly as a single person. I’ll probably make the jump at some point. Whether I do or not, I really like having less stuff. What you said about not missing your stuff when you’re not near it is so true!

  • Your transparency regarding your monthly spending has been extremely helpful as we launch into retirement. Looking forward to watching your channel this coming year

  • You’ve thought this through – interesting decision. You know exactly what you want and are going for it! Kuddos

  • I think if you are flexible where you settle down after your nomadic life, this is a good idea. I went on a 4-year assignment in Asia and even though I had a house there provided for, I felt like a nomad. Everything I really needed I could carry with me (the miracles of Kindle/iPad/Laptop + internet) and would bring on long trips to get away. I found that I did need some time in familiar surroundings (culture/language/food) twice a year.

  • I'm pulling for you 100% and will learn as you go. I travel 2-3 months per year and am considering expanding that while I'm still able to hike and play. I can pack a backpack and small bag for 2 months away and take MUCH less stuff than going to visit family for three days. Years ago, I worked overseas. My stuff was mis-sent and I didn't get it for five months. I loved having just two suitcases. Little to manage, dust, repair, replace, coordinate, etc. Much more time for fun, even though I was working full time. Good luck!

  • Hey, changes are a-ok! In fact, I’d argue that flexibility is a huge key to success post FIRE!!!💪🏻🔥🔥🔥🔥🔥

  • I like your reasoning. We're a family of three and have been in a condo for about 9yrs. We have about 65k left on the MORTgage. We were getting ready to sell and then realized how good of a situation we are in financially and a move would be suicide. Our goal is to pay off this condo in a 4 yrs which will be super beneficial in saving for travel money.

  • Disagree here.
    If you have children and want them in your lives in your golden years, you MUST have a consistent homestead. A familiar site and place where your children created memories and will want to return to. If you have no consistent homestead, that psychological attachment will not be present. Thus, your children will not visit you in your golden years….You will die very alone. Look at the research… Downsize maybe, but keep a place for the children to return and gather on special occasions.

  • Sounds very exciting. There's probably not much point holding on to something you're not using for much of the year, especially when it costs so much to do so. Hope the sale goes well and I look forward to following you both on your travels across the US and around the globe.

  • I’m so curious how you will manage without a home, since I’m a home buddy as well. Although we sold our home, we now have our home in Saudi with my most treasured stuff (clothes, bags, shoes and jewelry), when I’m in the Netherlands I do miss items. Our house was not paid off, and rental fee would not cover the total costs of the house. Also, renting was not allowed by the bank. Butwe didn’t want this anyway, there are many stories about criminals using houses as weed plantations..
    I’m struggling as well about totally living without a home base. We now have the intention to slow travel, and have a cheap rental homebase somewhere. Fe in Thailand. Somewhere to keep our stuff and to return to. But as you say as well, plans change all the time. Time will tell. I am curious about your Texas plams 😄

  • We decided to rent out our paid off home due to the great tax incentives–That 27.5 year depreciation allows us to lower that AGI to an amount which ensures zero fed taxes paid by us,, unlike needing to claim the entire amount earned in an IRA…I understand it's not for everyone, but we are fine with it, We manage remotely, and have a great cast of handymen we can call upon if things go wrong, and are able to depreciate traveling there two times a year to check things out, So far no issues…

  • We are considering going on the road next year. I believe you mentioned mailntaining a storage unit. Will you both also store clothing and shoes. For your nomadic life how many bags will you bring each. Generally what will you pack clothing wise as electronics are more individualized. Thxs

  • I didn’t know Tim is a Lone Star, that is a surprise. Well, you will be in warmer weather . But does moving to Texas mean that will be your home base for a few months ?While the nomadic lifestyle isn’t for me ,I applaud your bravado and look fwd to following you on your journey. It is a good financial decision and also you are freeing yourselves of the hassle of maintaining a home base. Even if you are away 11 months a year, the house will still need to be maintained .

  • Consider holding your money from selling your home and keeping it in a safe bank deposit that pays 2% and invest after the next big recession which seems to be coming very soon.

  • You will get to be a homebody…just not in your own home. We really 'live' in each sit. That's one of the reasons we prefer longer ones. Not gonna lie to you though…I do miss my kitchen gear. Great video guys. <3

  • Travel is cheap enough and having the house is cheap enough but to travel and shell out for the house at the same time doesn’t make economic sense —

  • Glad I found you guys 😊 just subbed . Hope to watch most of your videos , Cheers 🥂 Btw are you concerned about losing your capital growth from your real estate ? You don’t look very old . Here you get 2.5 % on a term deposit , just terrible ,it’s not worth it .

  • I can not wait to get rid of my rental. I noticed how much stress being in my apartment has given me.

    And like you I want to be out there traveling. I can't stop day dreaming about my past travels and how happy and stress fee I am when I think of my past travel adventures.

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