Embracing Freedom: The Nomadic Lifestyle of a Money Coach
In today’s fast-paced world, the notion of being location-independent is increasingly appealing. For Charlie Stove, a 35-year-old money coach based in Portland, Oregon, this lifestyle is not just a dream, it’s a reality. His journey is a testament to the idea that we can shape our lives through our choices, enabling us to travel and explore while building a robust financial future.
Charlie’s story begins with his decision to adopt a lifestyle that champions freedom and flexibility. “The best part about the lifestyle I have,” he shares, “is that I can decide to go where I want when I want.” With his business generating around $60,000 annually, Charlie has mastered the art of balancing work and life, allowing him to travel extensively while building a career that resonates with his values.
A Multifaceted Career: The Life of a Money Coach and More
Charlie identifies as a trans Latinx money coach specializing in assisting LGBTQ+ individuals, particularly those who are BIPOC, first-generation, neurodivergent, or estranged from their families. His unique background gives him insight into the financial challenges faced by his clients. “I want to ensure that my clients can crush their debt and save for a secure retirement, even without needing to make six figures,” Charlie explains. His approach is not only about financial coaching; it is about empowerment, creating a pathway for underserved communities to achieve financial independence.
Beyond his coaching business, Charlie is a full-time pet sitter and works as a stripper on the side. This multifaceted career provides him with multiple income streams and the flexibility he desires. “My petsitting isn’t just for income; it’s also about housing exchange,” he shares, detailing how he finds opportunities to sit for pets in exchange for a place to stay, enabling him to travel Europe without accumulating hefty accommodation costs.
Charlie vividly recalls his recent experience spending three months in Europe, where he had the opportunity to pet sit in various locations, from the Netherlands to downtown Paris. “It felt like applying to Harvard,” he says about the competitive nature of securing pet sitting gigs in desirable locations. The savings on accommodation allowed him to indulge in experiences, whether it’s enjoying the culinary delights of France or engaging with local communities across the continent.
Budgeting for a Life of Adventures
Living out of a suitcase comes with its challenges, especially in terms of budgeting. Charlie emphasizes the importance of flexibility in his spending habits. “I don’t keep track of my spending because it’s very restrictive,” he explains. Instead, he focuses on necessities and experiences. His monthly expenses range from $2,000 to $3,000, primarily allocated to groceries, dining out, massages, and travel.
“Eliminating rent payments has allowed me to prioritize my future,” Charlie reflects. The freedom from a permanent home enables him to invest significantly in his retirement. “This year alone, I’ve invested about $13,500,” he shares proudly, illustrating how strategic financial planning has transformed his life outlook.
Each meal he prepares at home serves not only as a cost-saving strategy but also as a way to embrace the local culture of the places he visits. For Charlie, cooking is an experience, a goal, and a necessity. “I had to learn to let go of things that no longer serve me. If I haven’t worn an item in a long time or if it doesn’t fit because I’ve enjoyed too many croissants, it’s time to say goodbye,” he says with a hint of humor.
The Financial Landscape for LGBTQ+ Communities
One of the primary challenges Charlie addresses in his coaching is family estrangement, which is particularly prevalent within LGBTQ+ circles. Many clients find themselves cut off from familial support systems due to their identities. “When you lose that social safety net, you also miss out on financial inheritances and support,” he explains. His work focuses on helping these individuals create a self-sufficient financial future, allowing them to navigate life with confidence.
“I help my clients move their money to high-yield savings accounts and encourage productive conversations about money,” Charlie elaborates. He instills crucial financial skills in his clients, such as improving credit scores and making informed decisions regarding debt, thus empowering them to take control of their financial futures.
Finding Balance in a Fast-Paced Life
Charlie acknowledges the challenges he faces in maintaining a balanced lifestyle while embracing a nomadic life. The glamor of travel and flexibility can be overwhelming. “I often wonder if I want this lifestyle forever,” he admits, reflecting on both the positives and the difficulties of constant travel. “I’m good about taking intentional breaks because petsitting can be laborious,” he notes, stressing the importance of self-care amidst the busyness of his various roles.
His long-term vision for the future includes expanding his money coaching business by incorporating other coaches, moving towards group classes, and unlocking more time freedom. “I want to shift from one-on-one coaching to a model that can reach more people,” he shares. His ultimate goal is to create a life that is “work optional” through smart investments, not merely waiting for a specific monetary goal to find comfort
“You can’t just wait for a certain amount of money to bring you peace. You have to actively make money moves and build confidence,” he concludes professing his commitment to guiding others in this transformative journey. By drawing from his experiences, Charlie Stove embodies the spirit of resilience, empowerment, and adaptability, encouraging others to craft their own pathways to success—both financially and personally.
