This family traded in their $4,200-a-month mortgage for a $14,000 RV--and they're never going back [View all]
It was the end of 2019, and Karen and Sylvester Akpan knew they needed to make some changes. The couple owed over $110,000 collectively in student loan debt and felt like they weren’t able to start building wealth for their son, Aiden, now 8.
They were also making a $4,200-per-month mortgage payment for a five-bedroom home in California. It had always been their dream to own their own home, but those monthly payments were starting to feel more like handcuffs than a path to financial freedom.
A trip in an RV earlier in the year gave them the idea to sell their home and try life on the road. They purchased their own RV off of Facebook Marketplace for $14,000 in early 2020 using their savings (they have since been gifted a new RV by Camping World). That dropped their housing costs from $4,200 per month to $0 (they pay around $600 in gas).
https://www.cnbc.com/2021/07/30/why-this-family-traded-a-5-bedroom-house-in-california-for-an-rv.html?fbclid=IwAR0f7O5mjOQP240BdSoa_TFzTgCfE3XO6j8nS90
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