|Live mortgage free in a tiny house.|
Source: Nicolas Boullosa
If you don't need the space, think about what you could do with an extra $3000 a month! Conversely, how much less would you have to work, if you didn't have a $3000 a month mortgage?
If I did not have to pay rent or have a mortgage, I could live off of $540 a month. Here is the breakdown:
Car Insurance/gas: $100
Car/ house/ personal maintenance: $100
At a soon to be federal minimum wage of $10.10 an hour, I would only have to work 53 hours a month to pay my bills. That comes out to be 13 hours of work a week.
That $3000 a month mortgage could finance 3 separate week long trips to Hawaii (the way I travel).