[StraightMackin]

i just turned 20 and im planning on moving out next year

reasons for moving out:
-i never had a good relationship with my mother at home.
-my father is not understanding at all but i can manage.
-im lacking life experiences and feel really really old.

i work with my dad and make about 1600 a month average
summer i could make about 2000 and winters i make 1000

the rent for a studio where i live goes for 600.

i really really really wanna move out by january because i seriously
cant stand living with my parents because ill seriously go crazyy

i had some savings but i was so stupid i blew it away on a laptop

im thinking about saving 1500, move out and keep on working with
my dad and saving while i rent the studio but i really want to save up
more money about 4000 just in case things between me and my dad
go sour because they have in the past, and he cuts off the money.

his very controlling with money' im literally his bitch
the thing is i dont want to be his bitch anymore'

what should i do ??

should i stay here and save cash while i suffer at home
for a couple more months and secure my move out??

or should i move out before the new years and be able to
say that i moved out before 2012 and risk moving back in??

[OSL]

I don't want to comment or give advice about your situation regarding your family, I'm not sure if any web forum is the right place for that.

I just wanted to say that getting a laptop and having access to the web should definitely be viewed as an investment and not mindless consumption. You can use that as a tool for financial freedom. Look at Roosh, VP, Entropy, etc. All of these guys built their income using a laptop.

[dulst]

Saving money to move out is wise, but don't count on savings to pay your rent. Savings should cover start up costs such as the actual moving of stuff (if you need to hire help), furniture, contents insurance and so on.

Once you've worked out those costs and started saving, you need to work out a living budget that covers ALL income and ALL expenses. This includes things from rent, bills, taxes and food all the way up to booze, going out and drugs. (Yes, I budgeted for weed when I moved out).

You then need to make sure your income matches, or ideally exceeds this budget. Once you've done all that you will have the peace of mind in knowing that you can afford to move out without losing ur social life or starving.

Any excess income you can save for trips abroad.

[jmoney29]

I say that moving out to a rental is more of a reoccurring expense that should only be viable if it's going to help you make more money (job access) or go to school. I know that some people pay over 30% of income in rent, but that high income earners pay as little as 2%(NYC). Paying 60% of your income to cover rent in the winter seems like too big of an expense especially considering that you will have only $400 bucks left to last you 4.3 weeks. If you are not paying rent, then you could try to ask your parent(s) for increased privacy and privileges at home in exchange for paying rent(20% income tops). I believe that saving is the key to financial independence because you can use it to own your own home, go to school, or capitalize on your talents by going into business or finding a better job.

[chinogringo]

I'm 27 and still live at home. I work full-time and have a side business. Think twice before moving out unless your parents are paying for your living expenses. It is very hard to save money/travel/start a business when you are worrying about next month's rent.

If you live in a coastal city, the cost of living is very high. With the way the current economy is, I would buckle down and prepare for a storm. The best advice I can give you is establish yourself first and figure out what you want to do and how you're going to support yourself. Whether it being saving 15K and winging it, or finding a career in a company and putting in a sold two years to build a base - think twice before moving out.

[Chad Daring]

I never liked living at home, rushed to move out, ended up living with my mom again a few years later, if you can, I'd say stick it out and sit on your cash. Save your money so in a year or two when a better job comes around you've got a good bank account to fall back on.

[bengalltigerr]

Since this is a family matter, you decide for yourself. In my opinion though, you should only move out if you find a decent job elsewhere.

[Docter]

I'm 20 so I feel ya, although I'm totally in a separate situation thats less dramatic I still want to 'break the bonds' from my parents. I'm tired of spending their money, looking to make my own.

I recommend reading timothy ferriss's 4 hour work week. Totally motivated the hell out of me

[drymarro]

I recommend http://www.blackhatworld.com to anyone that is serious about making money online.. with this income you can hold yourself and save up for vacations..

edit: the website has a LOT of info so if anyone needs a hand to help you get started in the right direction add me on skype: drymarro.

[ersatz]

(11-17-2011 02:59 PM)chinogringo Wrote:  

I'm 27 and still live at home. I work full-time and have a side business. Think twice before moving out unless your parents are paying for your living expenses. It is very hard to save money/travel/start a business when you are worrying about next month's rent.

If you live in a coastal city, the cost of living is very high. With the way the current economy is, I would buckle down and prepare for a storm. The best advice I can give you is establish yourself first and figure out what you want to do and how you're going to support yourself. Whether it being saving 15K and winging it, or finding a career in a company and putting in a sold two years to build a base - think twice before moving out.

Is your family a big cockblock? Do you live in the USA/Canada? If your still with them at 27 I think probably not. My family was, even though they're great people, they're sexually conservative and the cockblocking just drives a guy nuts and stunts your sexual development. It's even harder when you are close to your family otherwise because you don't want to disrespect them and strain your relationship with them.

If your moving out because of being cock blocked, moving in with roommates who are your age group will remove the cockblocking barrier for you. It will save you money and you might get some friends out of it (or enemies). I understand that you want to move out. But even with my cockblocking family I moved out once I had money saved from an internship and 2 years of university left, in a profession that had very good job prospects.

How much do you get paid an hour?

[kbell]

How much do you need to make to be able to make money wise to move out and have a decent food budget?

[OSL]

Kbell, it depends on where you're living

I know someone who is getting by in Thailand for about 500 bucks a month. Maybe less.

[kbell]

I'm in the US.I like to be traveling doing game art or movie art. Its 3d graphics based. I think starting salaries are ususally like 20 bucks and hour. But they might be lower now since the economy sucks here.

[OSL]

If you could make 20 bucks a day you could live in Chiang Mai.

[kbell]

its per hour. Not including taxes which could be brutal.

[Ami5]

(11-18-2011 12:08 PM)kbell Wrote:  

its per hour. Not including taxes which could be brutal.

Believe me, you could still live in Chiang Mai with that!

[OSL]

If you worked three hours a day and made 20 bucks daily post tax you could live in Chiang Mai.

Is that necessarily a safe and prudent lifestyle and financial option? That's not up to me to say.

However, I know someone who is doing that - he might be living on less, like 10-15 bucks a day. He's doing fine, although he doesnt really party.

[OSL]

Hmm, that makes me wonder if someone could find a way to guarantee they can do between 7-10 gigs a day on fiverr.com......that would be 28-40 bucks pre tax, and maybe around 20-30 bucks post tax.

In theory a person could get by in Chiang Mai by just working on fiverr and getting gigs.

There are some hilarious gigs on there along the lines of "I will make an angry rant in a British accent while wearing a banana suit for five bucks".....in addition to usual stuff like logo design.

Again, not really a secure source of income. But still.

[OSL]

http://www.retire-on-550-month.com/

http://www.escapefromamerica.com/2009/03...0-a-month/