Living on Less Money - it's possible

Is it possible to live well while living on less money? I think it's very possible, and I'm going to show you an example of how one man in Texas is doing it.

My example is of real places, real people and real events. I've changed the names so I won't violate trust or privacy, but I've been an eye witness to it all, so this isn't simply made up in my mind - it's real.

The key to living on less is to imagine the possibilities and then go find them or make them happen.

Let's see how one person is doing just that. Meet Bill, my friend from the lone star state who made a strategic decision about his lifestyle that changed his cost-of-living in a big way.

Life in Texas

Now, living in Texas isn't exactly right for everyone because it gets hot and humid in the summer, but living on less money in Texas is just right for Bill and his friend Ralph. Bill and Ralph are a couple of nice guys who have a frugal living lifestyle in the lone star state.

Bill owns a trailer house that he's fixing up, and so does Ralph. Their homes are located at a private fishing and hunting club that consists of hundreds of acres. As homeowners, they don't own the land that their trailers sit on, but they own a share of what the club owns - a 100 acre lake and several hundred acres of wooded land surrounding the lake that is ideal for many types of hunting.

Ralph is a gardener, and he grows quite a few vegetables that he and Bill share. Both men enjoy squirrel hunting and fishing, and that provides them with meals too.

Bill is one of the newest members of the club, and he's the focus of this example. He's living proof that living on less money is quite possible. The key is to think strategically, seek out opportunity, and recognize value when it comes along.

Private lake in Texas.

As it turns out, Bill had only just started to investigate the availability of homes at the club, and that was all that was necessary to turn his dream of living on less money into a reality.

After a little looking, Bill became the owner of a double wide, two bedroom trailer house with a new air conditioning system, enclosed porch, wrap around deck, double carport and nice size storage building.

It didn't take long for Bill to become the owner of the place because all he paid for it was $6,500.

Let me say that again, for $6,500 (the price of a used pickup truck), my friend Bill bought a large home and a share of a private lake surrounded by lots of land for hunting. If that isn't living on less money, then I don't know what is.

As the story goes, the previous owner just wanted to get rid of the place, and once Bill confirmed that $6,500 was the full asking price, he quickly said "done deal." He was smart to have made that decision quickly.

So, for the price of a used vehicle, Bill now owns a house at a private fishing and hunting club where he and his friend Ralph can hunt and fish and grow vegetables as they please. And, he owns the place free and clear - that's debt free living.

My guess is he'll put a little money into the place and before you know it, he'll have a palace in paradise - free and clear.

And, he'll have money to put into the place because the cost-of-living at "the club" is a minor expense each year. Utilities are within reason, and dues and fees are inexpensive.

A Life of Leisure

The last time I saw Bill and Ralph, they had onions spread out all over the place, curing them for storage. They took me bass fishing, and we shared quite a few laughs together.

They have a good life of carefree living and lots of fishing. Both are accomplished bass fishermen and I'm learning some fishing tips from them. As Bill likes to say:

"The first rule of bass fishing is...there are no rules."

When you think about it, the cost of living is driven largely by housing, food and transportation. Bill and Ralph have their housing paid off, they're growing, hunting and catching their own food, and they don't regularly commute to work, so their only other big expense is utilities - and beer.

I bet they'll be making their own beer before too long. If not, I know how they can have beer at about half off the retail price - just get a kegerator.

If you look around, there are opportunities everywhere to get housing for much less than you might think. Keep your eyes and ears open, and let people know what it is you're looking for. And, be ready to close a deal when the right one comes along.

You might also consider someplace outside the reach of the city. These are often some of the best places to live, especially if you're trying to live on less money and still live comfortably.

Patience and persistence will pay off. It did for my friend Bill, and he's now set to enjoy his life of leisure in a setting that resembles a park. He's living on less money now because he was deliberate in his actions to obtain a place that matches well with his interests and his focus on frugal living.

Done with Living on Less Money, take me back to Frugal Living Tips

There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.

I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.

If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.