After years of “barely scraping by,” and dwelling in debt, Karen Akpan and her husband Sylvester determined it was time to maneuver their household into an RV to journey full time.
Akpan, 42, advised Fox News that they offered their California house in February 2020, simply earlier than the pandemic hit the U.S. Akpan, Sylvester, 43, and their 8-year-old son Aiden moved into their renovated RV by May of that yr.
“We were just sick and tired of being sick and tired of all the bills and living in California and barely scraping by,” Akpan advised Fox. “We decided we just wanted to do something different for our son.”
She stated she and her husband had a number of targets in thoughts once they made the transfer.
“First of all, to pay off all our debt and then to create generational wealth,” Akpan stated. “And then just spend more time together, which is so important to us because I feel like life is too short. And what matters the most is just you being around people that you love.”
Now that it’s been a few yr and a half, Akpan stated her household has been in a position to repay $200,000 in debt, about half of which was scholar mortgage debt.
“It sounds scary when you say that because, to be honest, we shouldn’t have been in that much debt in the first place,” Akpan stated. “It was absolutely nuts.”
Though they nonetheless have slightly extra bank card debt they’re working to repay, Akpan stated they’re virtually finished.
“Right now we’re at the tail end of it,” Akpan stated. “We have very, very little left.”
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Through their journey of paying off their money owed, Akpan stated she’s turn out to be one thing of an advocate for monetary literacy, encouraging her family and friends to begin their very own Roth IRAs and be taught extra about methods to avoid wasting for his or her future and keep away from going into debt.
“People don’t know these basic things that they could have that could help them, help their families, help them save,” Akpan stated, including: “So it makes it hard for you not to get into debt and make these silly mistakes when you literally don’t know.”
“To be honest, we shouldn’t have been in that much debt in the first place. It was absolutely nuts.”
She added: “It is a mission of mine, especially this year, to talk about it and make people aware … especially with my friends. Just starting with my friends and my family who don’t know these things.”
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Akpan added that she and her husband have been educating Aiden alongside the best way, whereas additionally beginning to put money into his future via his personal accounts, together with a Roth IRA and a 529 plan.
“We have set up our lives in a way that we are not just pouring into ourselves and our future, but we’re already pouring into him right now,” Akpan stated.
Akpan talks about monetary literacy and financial planning for teenagers on her weblog, The Mom Trotter. She additionally runs a nonprofit referred to as Black Kids Do Travel, the place she encourages households of coloration to discover the world.
Aside from being taught monetary literacy, Aiden can also be homeschooled, which makes it attainable for the household to journey full time, each across the nation and internationally.
“His learning has always been on the road,” Akpan stated. “Everything is a learning experience for him. And the difference is that he gets to not only watch videos and read about it, he gets to see it. He gets to be there.”
Aside from attending to expertise locations first-hand, worldwide journey additionally permits Aiden to find out about different cultures.
“It’s really been very important to me to expose my son to different cultures and different people and everything and being able to travel internationally gives us that opportunity for him to appreciate and be respectful,” Akpan stated. “I want to explain to my son: ‘Everybody will not do things the way you do it. And the fact that they don’t doesn’t mean that there’s something wrong with them.’”
“Being able to travel internationally puts us in a place where he’s right front and center of all of it, so he’s really learning to be a global citizen, which has really been a goal of mine.”
“So I want him to actually see other people’s cultures, see how they live, appreciate it, ask questions and be respectful of it,” she added. “And being able to travel internationally puts us in a place where he’s right front and center of all of it, so he’s really learning to be a global citizen, which has really been a goal of mine.”
Akpan advised Fox that after the final year-and-a-half of full-time touring, she’s nonetheless not prepared to return to dwelling in a home.
“I’m not going back to that monthly mortgage,” Akpan stated.”If we ever do live in a house, I always say this, we would have to buy in cash, to be honest. I cannot go back to monthly payments… I just can’t. Not with the lifestyle I’m living now.”
She added: “I can afford more vacations that are not strictly budget, where I’m counting pennies everywhere we go. So, living in a house would take that away from us again.”
Credits : foxnews