Screw A Mortgage- Travel the world

Vanessa Tobias

I’m all for random acts of sensibility, as long as they are limited to special occasions and do not alter my long-term desire to have fun. Health checks- you need to get amongst those things. Earning an income? Seems necessary. But getting a mortgage? I’m just not down with that; I’m not down with that at all, at least till you’ve explored the globe and experienced different cultures and different ways of life first.

Don’t get me wrong. I have nothing against mortgages. For most people it’s pretty rad owning a home especially in Australia where it’s known as the Great Australian dream. Statistically speaking, though, an average person on an average income just won’t be able to afford to travel and have a mortgage as well – you can’t always have your cake and eat it too. On that note, who made up this saying and who the hell has the self-control to have a delicious looking cake sitting in front of them and not have a slice or even a taste?! Unicorn’s actually seems more likely if you ask me.

Anyway, I digress.  I believe enriching your life with travel is far more beneficial to you as a person then material possessions such as owning a home at this point in your life. And these are my reasons why.

You Are Not Promised Tomorrow

Here’s the thing. No one is promised tomorrow. You’re not even promised today. It’s great working towards a long-term plan for paying off a mortgage over 30 years to own your home.  But who says you’re even going to be around then to enjoy the fruits of your labour? I’m not saying throw caution to the wind and never save your dosh or plan for your future, but why not live in the moment now? Take off to the other side of the world and create memories instead of buying material possessions while you can.

Travelling Improves You For The Future

If you really want to plan for the future then travelling is the first step in the right direction. It teaches you valuable skills that nurture you as a human and makes you grow. When you travel you are constantly forced out of your comfort zone, you are pushed to your limits in situations you are not used to and your eyes will open to different ways of life. You’ll learn valuable social skills.  You’ll learn to be strong when you need to. You will learn to be resilient because you’ll have to. And the end result sees your self-confidence grow. It’s better to learn these skills sooner than later because they’ll actually help you with your relationships and career in the future.

Having a Mortgage Will Stop You Living

It’s easy to live in a fantasy land that you’ll be able to have a mortgage and also travel the world on your annual leave each year (refer to the stupid have your cake analogy used above). However, the reality is for most people without a disposable income mortgages are expensive. Sacrifices need to be made in order to afford each monthly payment and travelling is a want, not a need for most. It becomes difficult to afford to a holiday as well as pay off your home.  Travel now and get it out of your system, so if you do get a mortgage in the future you won’t be missing out.

There Is No Guarantee You’ll Make Money on a Property

It’s a common misconception that you’ll always make money off the sale of a property. It does happen, often, but it’s not guaranteed. There are several circumstances in which a person will struggle to break even and in very many cases lose everything because of one.

Property bubbles happen and property markets crash. The Global Financial Crisis was caused by homeowners not being able to afford the repayments on sub-prime loans in the USA.

On the other hand, I can 100 % guarantee travelling will make you richer; it’ll enrich your life with experiences and memories. More than a home or mortgage could ever bring you.

You can’t be sure what you want out of life

You know what I didn’t know when I finishing up high school and was released into the world to start adulting? Just what I wanted to do in life. I dipped into finance, marketing and even modelling before travelling the world and discovering my passion for writing again.

All I’m saying is how do you know that you really want to get married, have 2.5 kids and a picket fence unless you’ve stayed in a chateau in France? Worked with elephants in Thailand? Become enlightened in India?

The world has a lot to offer that you may not have even considered before. You may not change your mind and you may still want to settle down in your home country with a mortgage, but don’t you think you, at least, owe it to yourself to be a hundred percent sure first?

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