Show 93 - How can I pay less for housing?
In this episode, I talk about my 5 best ideas for reducing your housing costs.
9/24/20251 min read
If you’re serious about saving money on a teacher’s salary, the best place to start is with your housing. Saving money on housing isn’t easy though. It takes sacrifice in many instances, especially if you’ve gotten used to a certain lifestyle, but the amount of money you will save can give you a huge boost in your financial future.
Show Notes
5 Steps to Save Money on a Teacher's Salary
House hacking episode with Mason Gomes
Recommended Books (Amazon Affiliate Links)
House Hacking by Craig Curelop
Key Ideas
1. Renting vs. buying as a teacher and how to decide what makes sense in your market
2. Downsizing or moving within your city to cut costs without sacrificing quality of life
3. Relocating to a lower-cost state with potentially higher teacher salaries
4. House hacking strategies like renting out a room, Airbnb, or multi-unit properties
5. Extreme savings ideas—living in a tiny home, RV, or as a caretaker
Bonus Tip
Here is a bonus tip I didn't get to in the episode.
If you’re not interested in househacking, another option is the “life in flip”. You buy a kind of crummy but livable house at a discount, and slowly fix it while you live there over two years (two years is important for tax reasons), then you sell it for the profit and do it again. This won’t reduce your day to day housing, but it will give you significant chunks of money to invest if done right.