Why I Waited Till I Was 24 To Move Out Parents House

I was 24 when I moved out of my parents house, and I didn’t just move down the street but I moved from new york to Puerto Rico. Very far. And in this video I’ll tell you why I waited the extra 6 years.

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1. I ran my first marathon with a liter of water on my back
By mile 17 it felt like was carrying a 50lbs no job and my legs were destroyed
Thankfully 4.27 minutes later I finished the race
But I ended up missing my goal of sub 4 hours

This is a moving-out video and here I am talking about running marathons
Well imagine trying to get started financially
And you start with with a bunch of debt, paycheck to paycheck and no help
You will eventually come out on top but it will most likely take you longer

The point is:
When you move out to early
You get the benefit of being on your own
With all cons of not being prepared

2. Here are the things I wanted to have checked off before I moved out
I wanted to be able to have a stable job ( while I lived with my mom I went through about 4-6 different jobs and businesses before I found the ones that worked for me )
I wanted to have the ability to payoff my debt ( I paid over 13 thousand dollars when I lived with my mom, and left with 48k in debt that I could have paid at any minute)
I wanted to have atleast 6 months' worth expeses for emergencies ( and I left with about 12 months' worth )

Here is the truth
I would give my mom some cash to help with the expenses
But for the most part living with your parents while you prepare to move out is the best decision
And you don’t move out when you are 100% ready but you move out when your just about their

For example I could have waited longer
But I felt deep inside like that would just been to much
When the time comes to move out, you know

3. Cons to waiting this long
Naturally especially us Men a lot of times
As we grow up we like to become more independent
But truthfully I tell you, you are dependent and living under someone else's roof
So you have to follow their rules
Tips:
Be patient and respectful
Only move out early if you are in a super toxic environment ( and them not letting you do what you want to, is not toxic enough )
When you start getting the itch to move, start running the numbers first before you talk to anyone about it

Here are the numbers
Emergency fund: 3 months’ worth
Rent: deposit plus first month
Leave with the least amount of debt
Leave with a stable job you’ve had for at least 18 months I would say
And with a good chunk of cash maybe 1000-5000


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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.