Financial Tips For Going “Off The Grid”

| February 17, 2016 | 0 Comments

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Credit: freeimages.com

Have you dreamt of being able to just give up your job and leave the modern world behind? Perhaps you’re one of those people for whom the whole idea of working everyday seems a little silly. You seem to be working as hard as ever, but not moving in the direction you want to go.

Maybe it’s because you feel like all you do all day is work to get the stuff you need at home so that you can go back to work the next day and do it all over again. Fortunately, there is a way out of this existential black hole. You can work towards your own financial independence. I’m not saying you’ll be able to give up your job entirely, especially if you live in the US or another Western Country.

However, there are ways that you can start moving towards going “off the grid” and towards self-sufficiency now.

Use Renewable Energy

One of the biggest things you’re out all day working for is energy. This is especially true if your income is below the national average. The good news is that the advance of modern technology is actually making it much easier to go off the grid. The price of solar cell technology is falling all the time. In fact, it’s fallen by hundreds of times since the technology was first introduced in the 1960s. And now it’s beginning to compete with traditionally cheap alternatives like diesel and coal.

In the past solar energy was still probably not enough to help you go off the grid because the sun doesn’t shine at night. But did you hear the news recently? Tesla has begun installing the first of its Powerwalls. These are wall mounted batteries that you can hang on the wall of your home, providing power in the evening. You can hook one of these babies up to the solar panels on your roof and become energy independent. Check out the top 250 solar power installers at solarpowerworldonline.com.

Grow Your Own Food

If you live in an inner city apartment block, you’re going to struggle here. But if you happen to have a bit of your own land, you’ll be amazed by how much you can cut your shopping bill, and your carbon-footprint, by growing your own. The best types of food to focus on are the ones that cost a lot of money to transports and distribute. Don’t focus on growing wheat or potatoes. Grow the expensive things like berries, marrows, lettuces and fresh herbs.

Downsize

Maintaining a large home is an expensive job. If you can’t see the point of going out to work every day just to pay for a big house you resent, consider moving. Ideally, you’d opt for something small, energy efficient, and with a bit of land. Make sure that whatever house you choose, it has good insulation already installed. You want to be frugal with every last bit of energy you produce so that you don’t incur any unnecessary costs. You also want to make sure that the house is waterproof and windproof. Sites like DividendMantra.com have a wealth of information about how to do this from a financial viewpoint.

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Credit; freeimages.com

 Grow Your Own Food

If you live in an inner city apartment block, you’re going to struggle here. But if you happen to have a bit of your own land, you’ll be amazed by how much you can cut your shopping bill, and your carbon-footprint, by growing your own. The best types of food to focus on are the ones that cost a lot of money to transports and distribute. Don’t focus on growing wheat or potatoes. Grow the expensive things like berries, marrows, lettuces and fresh herbs.

With these three tips, you can start down the road to providing your basic needs without a significant income. This won’t be a short or an easy process, but once you get going, you can start thinking about leaving that 9 to 5 behind.  

Category: Personal Finance

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