What Drugs Are They Smok’n?

Scott,

I struggle to relate to the questions you get. A couple earning $160,000 a year can’t save 20% for a deposit, or a single mum edging up to $100,000 a year is struggling financially. What kind of expensive neighbourhood and lifestyle are you readers living?
 
I’m lucky if I earn $50,000 a year, and we are a single-income family with five young children. Yet we have been able to save up a 20% deposit and have purchased a house, which we are currently renting out (yes we have a mortgage that will take years to pay off, we just didn’t over-capitalise).
 
We travel the country in a little pop-top caravan, homeschooling our kids while I work online. I don’t believe in sponging off the government either, so we don’t put our hand out for welfare payments.
 
You don’t need to be earning big bucks to have a valuable life in this country, and kids don’t need to go to some posh school or have after-school care to get educated or be successful. Being able to spend time with those you love is what makes you truly rich.
 
Darren
 
Hi Darren,
 
You’ve discovered what a lot of people eventually work out when it’s too late:
 
Debt enslaves you.
 
And that if you can avoid being in too much debt you’ll be happier.
 
Life is short, and the time you have with your kids is even shorter.
 
You Got This!

Scott.