You Need to Move Out of Home. ASAP.
I moved out of home at 20.
It’s expensive.
It’s time-consuming.
It’s stressful.
But it’s worth it.
Give me 5 minutes of your time, and I’ll persuade you.
Let’s go back 3 years.
Almost buying a home in my teens:
I started work at 17 years old, I skipped uni and started working as a learning coach and consultant. I taught students how to succeed in their high school studies and get into their dream courses.
Since I was able to get an offer into my dream course…I thought I could help others too.
Throughout my late teens (17, 18 and 19), I was extremely fortunate to be able to work. I gained a lot more experience and started working with uni students and professionals. I was still living at home, so my expenses were very low, and I saved 95% of my income.
By the time I was 19, I had enough for a deposit on a home!
My plan was to save for a few more years, start some other projects on the side and buy a house at 20.
But the question that was always on my mind was
”Is this the right thing to do?”
I mean, I never thought about my long-term goals, I just subscribed to the vision everyone else had:
Save up for a down payment
Buy a house
Start a family
Save up for other investments
Retire
The problem I quickly realised was that I was subconsciously being tugged into a vision that wasn’t even mine.
This vision was implanted into me by my:
Parents
Uncles and aunties
Neighbours
Friends
And although this vision isn’t a BAD one by any means
It wasn’t my vision.
I wanted to work on my self-development and my spirituality and garner new experiences, perspectives and relationships. I wanted to take risks and invest in myself.
Most importantly,
I wanted to empower and make a dent in society.
The fact I am fortunate enough to be in the position I am in means I have a duty to fulfil.
I must empower those who weren’t as fortunate as me.
I realised that being at home, being in my comfort zone, wouldn’t help me do this.
Started thinking about moving out:
I was raised in Perth, crowned “the most isolated big city” for most of my life.
It’s dead silent in Perth, which is a double-edged sword.
It’s less noisy and crowded, making it a more serene environment
But it also means you miss out on A LOT of conversations and opportunities.
This is when I started thinking about moving over to a busier place.
Especially as someone who is still relatively young and dumb, I needed to be around the hustle and bustle. I needed to be where the conversations were being spoken.
And although yes, you gotta start paying rent, groceries, bills etc.
You can’t forget about the benefits that come with moving to a busier place:
Connections
Education
Opportunities
Growth
And all of these far outweigh the costs of living.
So that’s why I made the decision to move to Melbourne, where:
Has 4x the population of Perth
More events and speakers that visit the east side
Better education and employment opportunities
So even though my savings rate dropped from 95% to around 30%
The 65% that I am now paying is what I view as an investment.
Why you need to move out:
Even if you're comfortable at home, you still should move out.
If that’s going into student housing or flatting with another roommate, it will still be 100% worthwhile.
Moving out allows you to:
Create more connections
Develop independence
Appreciate family more (After you see how much it costs to live)
Pursue your dreams and wants
Reduce unnecessary noise
I’ll have a lot more stories to well, since I’ve only been in Melbourne for a week now, so stay tuned by subscribing to the newsletter ;)
See ya in the next one.
