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We are downsizing our home, should you?
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How increasing our personal cashflow gives us more freedom
Over the last four years, we’ve lived in Denver, Central Pennsylvania, Philadelphia, Sitges, Spain and Las Vegas. Today, we’re surrounded by boxes yet again, and the movers arrive in four days because we are relocating to…
Toledo!
Wait, what?! Why are we moving to Ohio?
On this episode of Queer Money®, we share five reasons why we’re downsizing our home and leaving Las Vegas, explaining how the cost of living in Toledo is significantly lower than that of Sin City. We discuss why we’re getting into real estate investing and describe how house hacking will decrease our expenses and increase our personal cash flow.
Listen in to understand how Ohio is more conducive to the lifestyle we want and learn how we plan to support the up-and-coming LGBTQ+ community in Toledo!
Listen here on why we are downsizing our home:
Topics covered on downsizing our home
- 5 reasons why we’re downsizing our home and moving to Toledo, Ohio
- The difference between the cost of living in Las Vegas vs. Toledo
- How house hacking will reduce our housing expenses from 50% of our income to 15%
- The 3 prongs of financial independence (stock market, small business and real estate income)
- Why we’re getting into real estate investing for cash flow rather than appreciation
- How increasing our personal cashflow gives us the freedom to move abroad in 2025 should we so choose
- How Toledo is more conducive to the lifestyle we want than Las Vegas
- Our 3 primary values around retirement, travel and giving back to the queer community
- How we can support the up-and-coming LGBTQ+ community in Toledo
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on Twitter
- Debt Free Guys on YouTube
- 7-Step Credit Card Debt Slasher
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on iTunes
- Email [email protected]
Resources on downsizing our home
Get more on house hacking:
- How to Become a Real Estate Investor
- 15 Best Geoarbitrage Tips to Live Larger
- 9 Ways to Start House Hacking to Make Money
We’re David and John Auten-Schneider, the Debt Free Guys and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs, and 3) save and invest for retirement.
I think that was my first response too when it was ‘what Toledo’? I stopped there on a quick stop-by on my way through Ohio on a cross-country trip.
Sounds cool you lived in a few places (especially Philly which has a special place in my heart). And i’s currently in Denver (came from NYC and surprisingly Denver is NOT cheaper).
Lowering the cost of living is definitely key. I think about that a lot in terms of what I could afford in terms of travel, retirement, etc. Makes sense to save money, invest in real-estate and get bigger later
Definitely Hope it works out well!