I have purchased a traditional two bedroom farmhouse on two acres of land with a view to down-sizing my life and becoming as self-sufficient as possible when I retire from the day job.
I'm hoping to leave the day job in 15 to 17 years time, at which point I'd expect to have the place well set up for self-sufficient living. At that stage I would consolidate my assets and move lock, stock and barrel to the farmhouse. I don't have any dependents. Other than a bit of heat, a comfortable bed to sleep in, regular access to food, internet access, t.v., and the odd book my needs are few. I love the outdoors and animals so this lifestyle will suit me perfectly.
Physical work has never fazed me. I am, however, starting to lead a very sedentary life and my job is getting more stressful by the day. I need to radically change my lifestyle or I'll never see old age.
Purchasing the farmhouse was the biggest move I've made in the direction of positive change for a long time. A more active but less stressful lifestyle is what I'm aiming for. I can only but try to achieve it while I'm still in the position to do so.
My outgoings at the moment are on the usual (and include):
- E.S.B.
- Eircom (Broadband and Phone)
- Sky (as basic a package as you can get)
- Road Tax
- Car/House Insurance
- Fuels costs - oil and the odd bag of coal
- Basic foodstuffs
- Mortgage on the farmhouse (which I hope to pay off when I retire and use money after consolidating assets i.e. current home)
- I'm paying 13.5% of my salary into AVC' contributions at the moment but I'm having serious thoughts as to whether I am throwing hard earned money down the money pit hole.
I'd be hoping to break free from a lot of the 'usual' bills when I retire.
The house is habitable at the moment but it does need upgrading etc.
I'm trying to compile a list of what I need to do in order to maximise my chances of becoming self-sufficient. For example; is self-sufficiency with regard to having a domestic windmill financially viable?
The area around the house is currently under grass and it has some wooded areas. The site is quite sheltered and it would ideally lend itself to the erection of a polytunnel, the planting of timber for fuel, etc.
The house doesn't have any heating installed. The only source of heat in the house is from an open fire.
Suggestions as to how I should be approaching this lifestyle change in both practical and financial terms would be very welcome and much appreciated.
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Mods: I hope this thread is in the correct area. It started off as a Home/Garden Improvement thread but it has financial elements within it. Feel free to bump it into another forum area if necessary.)