"You're still live at home???"So, after a month of recording actual cashflow, I've come to conclude that I can afford my own apartment... again. And once again, I'm faced with the decision of moving out or residing in the nest. Decisions, decisions.
This time last year, I could've made a 20/80 down payment on a home, bought a nice yuppie car, and rolled through uptown clubs like a choochoo train. However, I didn't want the highlight of my mid-20s to be a liquor-soaked evening of striped shirt dive bars. There was an opportunity cost to consider.
I continue to receive a few off-handed remarks about living at home, especially at the ripe old age of 26. A man must move out and mark his own territory! Go pee in the bushes! Find your alpha!
I completely understand the notion; however, I think I played it right. Perhaps one of the most important lessons I learned from my father lies in the ability to forgo glamor. Do notice that everytime we do get something of glamor, it's motivated by a certain textile industrialist's daughter. Since all her pink collar friends drive a Lexus and get free coffee and car washes at the dealership, she wants one too. Nevermind the nice house or credit line. Anyway, I digress.
Life is good where I am. Work is 6 minutes away (just 4 traffic lights), my gym is one stop sign away, and I save on rent. I have all the amenities of a luxury apartment, steam shower, massage chair, tub, etc. Call me foolish, but I can leverage more in my life this way. I bit the bullet from May 06-July 08, and I saved quite a lot.
If I paid rent & utilities (say $800/month), multiply by 26 months of living at home, that's $20,800. Add a new car @ $18,000, and I saved about $38,800 after taxes.
"That's nice and all, but is that the price of your freedom?"I'm sorry, but what'd you do last year? Maybe I'm missing something here, but living at home allowed me to live abroad for a year. Car payments, rent, cable, and utilities are all shackles that keep you nailed to the ground.
"You still live at home."Yea... so I could get a master's degree, internship in London, live abroad for a year, see 10 countries and 17 cities, make friends internationally, and be recruited by BofA within a month of job searching (who btw offered full-time employment after our 5-month contracts are up).
So why am I staying here now? Because I'm saving up for something bigger than fast cars, drunk evenings, flashy apartments, and trendy clothes.