financial aspects living off grid
December 9th, 2015 by Off The Grid

Today’s episode I wanted to touch on some of the financial aspects and factors to consider when living off the grid. They say that if you want to be financially independent is only takes three things. Avoid debt, live on less than you earn, and invest the surplus. If you are new to this whole thing but have been following along you know my journey has been an adventurous one! The colder months it seems have brought some financial pitfalls for me which have caused me to re-examine certain money related factors that should be considered when moving off grid. In business the fall and winter months usually mean a slower season with less profits. When your income is directly dependent to the economy that means your income slows down as well. Before I took a deep breath and jumped head first into the off grid lifestyle I tried my best to be prepared financially. For years I kept an eye out at local flea markets, yard sales, and online deals on things that could be used once I was off the grid. Solar panels, deep cycle batteries, garden tools, and various building supplies were among the many money saving items I found. This was one way I saved a lot of money. The thing is that no matter how much you prepare there is always something unforeseen that you will need or want to make your life easier off grid. Here are a few questions to ask yourself or you and your partner should be asking when considering living in an off grid house.

  1. How far out from civilization are you. This affects not only the money you spend on gas but also the amount of time you spend driving.
  2. Are you completely self sufficient, mostly dependent on the outside world, or somewhere in between? This will affect how much money you need to factor in for everyday items like food, water, fuel, etc.
  3. Do you have access to the internet? With today’s modern ecommerce world this could be a major factor if you make a living online for example. If you do not have internet how will you connect to the net? This also adds up in fuel cost if you need to drive to and from.

All of the above questions are kind of basic thoughts we should all be asking ourselves if wanting to live off the grid and even more importantly to address if you are already living off grid. These were only a few questions that came to mind when thinking about some of the financial aspects of living off grid. What did I miss? What else should be taken into consideration for someone wanting to or preparing live off the grid?

Long time listeners will know that while this whole journey for me not been that long I have still had many ups and downs. Life is full of ups and downs with many opportunities to learn if you are sharp enough to pay attention. A while back I was lucky enough to have come across a couple of interviews with a guy by the name of Jon Acuff. He wrote a book called Start. In his book he talks about the five “lands” that every successful life goes through. Those (5) lands are 1. Learning, 2. Editing, 3. Mastering, 4. Harvesting, 5. Guiding. In a way I feel like my choice to go head first in a mega crash course with this journey from suburbia to an off grid lifestyle has been sort of like visiting all of these “lands” at the same time. Why would you want to do something like this? By this I mean living with no power or water in a camper among the trees in the woods with the birds, the bees, and little critters?

The knowledge, skills, and things that you learn can not be lost, stolen, or confiscated.

Several years ago I watched a video on YouTube about a couple that was preparing to live off grid in a house they were building in a remote location. The man spoke a few words that rang true in my mind so I took note of them. He said that we get conditioned to believe that how we live is ok. You pay for everything to come into and go out of your home. You pay for the water to come in then you pay for the sewage to go out. You pay for the food and other things you buy to come in and then you pay for the garbage to go out. You pay for electricity and everything. That video made me think even more so about how our modern society has evolved to where it is today. Couple that with the fact that we are essentially 2 generations from being self sufficient and you have a recipe for massive social dependence on a financial system that is not sustainable. This is a tangent that I could do a whole series of shows around but we shall save that for another time. The choice to learn as much as I can as fast as I can with all of the successes and failures along the way is by choice. While I am not financially independent I have managed to slash most of my bills. With no nest egg set aside I am taking the opposite approach to saving. As usual I am exploring the unconventional to learn as much as I can for this off grid lifestyle. All financial factors aside I would ask you to consider taking the path less traveled once in a while by stepping outside of your comfort zone, trying something new, and invest in yourself by learning a new skill or few. Enjoy the simple pleasures. Cherish the good times. Try your best to prepare for hard times. Learn as much as you can. Keep an eye out for deals along the way. Align your future self with the wisdom, knowledge, and skills learned thus far in your life. In the end what you learn will help you to be a better version of yourself both financially, and who you are as a person as well.

Show notes from today’s Off The Grid Podcast

  • Today’s lesson: If you are going off grid try to save as much as you can before you do.
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