She Strengthens

Embracing the Freedom of Renting

As I reflect on my experiences as a renter, I’ve come to realize that it’s not just a necessary evil, but a liberating choice. When I moved to London at 18, I thought I’d be a homeowner by 25. Fast forward 11 years, and I’m still renting – and loving it.

Flexibility: The Ultimate Luxury

My journey hasn’t been without its twists and turns. I saved up for a down payment, but opted to use it to fund a mini-retirement and write my first book on personal finance. It was a risk, but one that paid off. Having the time and money to pursue my passion project without relying on someone else was incredibly empowering. If I had bought a property instead, I doubt I would have taken the leap.

The Hidden Costs of Homeownership

Many people assume that renting is throwing money away, but they forget about the flexibility it provides. When you own a home, you’re tied down to a specific location, with hefty costs associated with selling and buying a new property. Then there are the mortgage repayments, property taxes, and one-off expenses like lawyer fees, surveys, and furniture costs. These can add up quickly, leaving you with little room for other investments or pursuits.

The Power of Investing

Speaking of investments, the stock market has historically provided an average return of 8% per year. While past performance isn’t a guarantee of future success, it’s hard to ignore the potential for growth. As a renter, I’ve been able to invest my money in a diversified portfolio, rather than sinking it all into a single property. This has given me the freedom to pursue my goals and dreams, without being tied down to a specific location.

The Opportunity to Live Life on Your Terms

Renting has taught me to be flexible and adaptable, to prioritize experiences over material possessions. I’ve learned to appreciate the simplicity of living with fewer belongings, and the freedom to move whenever I choose. This lifestyle has allowed me to say yes to spontaneous opportunities, like a secondment abroad, and to focus on what truly brings me joy.

Choosing Happiness Now

The greatest lesson I’ve learned is that happiness isn’t dependent on owning a property. It’s about appreciating what I already have, and finding joy in the present moment. By embracing the freedom of renting, I’ve been able to live life on my own terms, pursuing my passions and investments without being tied down to a specific location. So, if you’re struggling with the idea of renting, remember: it’s not just a necessary evil, but a liberating choice that can bring happiness and fulfillment.