There are no solutions…there are only trade-offs. ~ Thomas Sowell
Lately, it seems people judge misers as harshly as spendthrifts. Since I lean toward the far frugal wing of the spending spectrum, I’m often challenged by others for my extreme tactics of building wealth. You know – stuff like delaying gratification, refusing to make excuses, and sacrificing a few luxuries.
About a month or so ago, I began renting out my bedroom to travelers on Airbnb. In the last 30 days, I’ve made over $1,300 from it. Naturally, I want to tell others how they too can earn extra cash using a resource many already have, a home. Actually, I rent a one-bedroom apartment, but that’s neither here nor there.
Of the 10 people I’ve told about this great way to subsidize your housing costs without the government’s grubby little paws in your personal affairs, only two support the idea. Everyone else is wholly against it. They’re afraid they might get stabbed. They don’t wanna share a bathroom. They can’t be inconvenienced.
I figure the main reason they won’t do it is because they’re house is filthy, nasty and unfit for discerning non-relatives to sleep in. Hehehe. I’m just kidding.
To be fair, I can acknowledge that we all have our breaking points when it comes to frugality. I’m fine with sharing my living space, but there are some bridges even I won’t cross.
For instance, a while back I told my mom I could no longer visit her during the summers because her house was too hot. I’m all for conserving electricity, but I’m not about to be caught up in some stuffy, hot house for nobody, nothing and no amount of savings. I’m just too miserable under the oppression of extreme temperatures.
On the other hand, I can strongly relate to the woman in the video who rents a $700 a month, 90 sq ft apartment near Central Park in New York City. That’s awesome. So what if you can rent 10 times as much space in Dallas, Texas for the same price. Who cares? It’s Texas. Well, that’s my attitude at least, but then again, I’m drawn to bright lights in big cities.
Your values may lie in a slower paced, more family oriented city. You may desire space to the point you’re willing to buy so much of it you can’t afford to cool it. It’s not for me, but as noted previously, we all have our limits.
What have you given up in the name of frugality that makes people think you’re nuts?