561-Radical Housing Ideas (4 of 5): Get Your Employer to Pay For Your Housing Costs
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 17 July 2018
⏱️ 9 minutes
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Summary
Part 4 of our 5-part series on radical housing ideas.
Joshua
Transcript
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| 0:00.0 | Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, insight and encouragement you need, |
| 0:06.0 | live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less. |
| 0:11.0 | Continuing on today with our radical housing series, today is idea number four. |
| 0:17.6 | The idea is this, is there a way that you can get your housing to be provided for you by your employer in some form or another. |
| 0:30.0 | Of course there are many ways that this can be done, many different permutations of this idea. |
| 0:35.4 | But it's a powerful way for you to dramatically lower your living expenses. |
| 0:41.1 | It's a very efficient way with regard to tax efficiency and expense efficiency for you to provide a basic need for yourself |
| 0:48.0 | and it can provide a foundation for you to grow your finances. |
| 0:52.0 | Let's start with some obvious examples to kindle your creative |
| 0:54.9 | thinking. One example would be something like the military. One of the great benefits of joining |
| 1:00.6 | a military organization is that your basic living needs are provided for you |
| 1:06.1 | as part of your contract. If you were to join your country's military, they'll provide for you |
| 1:11.1 | housing, they'll provide for you clothing, they'll provide for you housing they'll provide for you clothing they'll provide for you |
| 1:15.8 | food they'll provide for you medical care and they'll provide all these things for you as part of your contract. |
| 1:23.5 | Now of course you also in response commit your entire life and literally your life. |
| 1:30.9 | But you do get a good deal. So yes, your wages might not be the biggest wages as compared to other types of wages, but when you run the math on $30,000 wages with all of your expenses provided for you as compared to $50,000, but you're |
| 1:46.4 | responsible for all of your expenses. You have a really need opportunity. But the military is not |
| 1:51.7 | the only way this can happen. There are some jobs where you wind up with your housing as provided for you as part of your job. |
| 1:59.0 | I've met a guy in a, I was in a cigar shop years ago. I always enjoy hanging out in cigar shops. I meet so |
| 2:06.7 | many interesting people. I was in a cigar shop and I start talking with this guy. |
| 2:10.3 | And there are certain types of people that if you go in on a middle of a weekday at around |
| 2:14.8 | 11 a.m. 10.30 a.m. into a cigar shop. The type of person that's there is either going |
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