How would 6 months without rent change your life?
I’m looking for 2 roommates to share my NYC apartment for just $1 per month. Lots of people have asked why I’m doing it - here’s my story.
I love having roommates and I believe that living with the right people beats living alone. Offering the rooms for just $1 a month means I can choose people based on who they are, not what they earn. But there’s another reason.
I'm really excited by the opportunity that this might give one, or both, of my roommates to pursue their dreams.
When I was 27, I moved out of my London flat and back to my parents’ house. I was unemployed and in debt. Moving home meant I could live very cheaply, support myself with some freelance web development work and free up enough of my time to launch SpareRoom. In six months I managed to bootstrap SpareRoom into a profitable business - profitable enough to mean I could move into my own place again, employ my first few members of staff, later pay off my debts, and over the years to come, grow SpareRoom into the company it is today, employing 70 people.
I was lucky to have that option, but not everyone does. Today, I’m fortunate enough to be in the position to offer that opportunity to someone else.
So, I guess my question to you is this:
If you could take rent out of the equation for 6 months, what would you do? How would you use the time or money it freed up?
With the money you would've spent on rent - would you save it, invest it, use it to start your own business like I did? Would you work part time and volunteer, focus on something creative or try to break into an industry you otherwise couldn't afford to? In short - what’s your dream?
I was lucky enough to be able to move back home to pursue mine - now I want to pay it forward. What would you do with this 6 months?