Why I'm Not Moving out from My Parent's House

Since I moved back to Jakarta, Indonesia, I have lived in my parents' house since my studies in San Francisco. I always wanted to own a place of my own since I want to design my own home using minimalistic design. My parents' house has a classical theme design which I don't really like. However, I still force myself to live with my parents and plan to stay with them for a more extended time.

I know I am already a millionaire status by the age of 31. Today's personal net worth (April 2021) of mine is about $1,300,000 USD when I combine all my assets from the United States and Indonesia. Many of you readers are wondering why I'm not moving out from my parent's house and buying my own home. It's true, I believe I am considered wealthy now, but I am going to tell you my reason why I'm not ready to live on my own. In this article, I will explain why I'm not moving out of my parent's house. Moreover, I am going to explain my plan for how I can buy my own home.
 
Not Financially Ready.
I'm not moving out of my parent's house and not buying my own home because I am not financially ready yet. I know it's true that I accumulated a net worth of over one million dollars; however, I believe moving out and getting my own place can slow down my ultimate goal of retiring at 45 (The year 2035). My Mom actually offered me to buy my own home. However, I believe I am not financially ready yet. I don't want my home to slow down my process to reach my ultimate goal in life.
 
One of the reasons I was able to become a millionaire is by living under the same roof as my parents. It's not because I could make my own income without working in my dad's company. I know I indeed made a decent amount in the stock market; however, those are passive. What I mean by that is that I didn't make that money because of my own career. All the side hustles I have in my business portfolio are not generating any income for me. Technically, the only income is from working in my father's company which is about $1800/month. This amount is probably enough; however, I won't save and invest if I had to cover my own living expenses by myself.
 
I was able to create wealth is due to my savvy budgeting and saving skills. Even with the small amount of money I make from working in my dad's company, I created the personal wealth I have right now. I believe that I need to have income coming in from the side hustles I am working on for me to buy my own place and live by myself. Sadly, I haven't figured this out yet. All my side hustle businesses are not generating any cash flow for me yet. Once I have my own income coming in from my side hustles, I am ready to live and buy my own place.

 
The Cost of Owning Your Own Home.
Buying a home might be simple, but you have to bear in mind that owning a house of your own has an upkeep cost. I am responsible for the bills of owning my own home. This can be tax, electricity bill, water bill, maintenance bill, and many more. I don't have this monthly cost if I live with my parents to save and invest more of my money. Living with my parents is one of my strategies for how I can live at a low cost and invest the majority of my income. I have the disadvantage of making a low monthly income; however, I am still able to save and invest most of it because of my budgeting skill. I want to reach the financial goal of retire at the age of 45 (The year 2035).

 
More Focus on Building My Career.
Living with my parents allows me to focus on building my career. While still living under my parents' roof, I am using this time to develop my career and wealth. I'm lucky and blessed to be able to live with my parents. I know I can keep living with them for the rest of my life; however, I still want to pursue owning my own home. Owning and designing my own home is one of my dreams in life. But I'm only going to do this with a wise financial decision. I need to be able to make my own income before I decide to live on my own. This is why I am always trying to figure out how I can make my side hustles work for me.
 
The question is, what happens if I fail in making my own income? Yes, it true there are possibilities of not being able to make my own income. However, because I am still living with my parents, I'm still able to save and invest most of my monthly income. This allows me to still build wealth for my early retirement goal of 45. The worst situation if I didn't succeed in earning my own income, I am still able to build massive wealth through my stock portfolio. I'm very confident that I can build the wealth I have right now to a more significant amount with additional years to come. I know that I can own my own home in the future. It's just going to take some time to create the wealth I needed to pay the passive income for the desired lifestyle.
 
I have my own bedroom while living in my parent's house. In my bedroom, I have my own workspace for me to work at night. This allows me to work on my goal in life, even when living with my parents. This is an advantage for me because I don't have to worry about things that can distract my plans. I hope by applying the strategy I'm doing now can lead me to succeed financially. I'm very optimistic about it.

 
Spend More Time with My Parents.
The other reason I think living with my parents is beneficial is that I can spend more time with them. My parents are not getting any younger as time pass. I know it's true that I am supposed to have my own living place at the current age I am right now. I am actually happy to be able to spend more time with my parents. I'm glad that I have my parents. Without them, I won't be able to have the kind of life I have right now. Living with them allows me to be more close to them. I'm able to share my thoughts and ideas with my dad. He can be a guidance and mentor in my life. Moreover, I can learn all the knowledge and skills my dad have. I can see the things he does every day, which can be a crucial life lesson for me to apply in the future.
 
Furthermore, I didn't spend much time with my dad when I lived in Singapore and San Francisco during my childhood. Because my dad had to work in Jakarta, Indonesia, to support my education overseas, I couldn't spend much time with him. My father has sacrificed so much for my brother and me. If it wasn't for him, I wouldn't be able to get the education I have in my life. I don't know how thankful I am for having him in my life. Living with him now enables me to pay my gratitude to him. I can't offer much, but I can give him the support and love to repay my father.

 
Conclusion
After reading this article, I hope readers understand why I am going to live with my parents still despite my age of 31. I know I am probably wealthy enough to purchase and support living on my own. However, I think I want to work on my career much further before living on my own. Living with my parents is an excellent strategy for me to continue building my personal wealth. I don't have to worry about living expenses that I need to be responsible for living on my own. Without any unnecessary distractions, I can focus on building my career. Once I have my own income, I am ready to live and own my own place. But in the meantime, I think living with them is an excellent strategy for me to achieve the financial goal of being able to retire at the age of 45 (The year 2035). Also, I can spend more time with my father now since I didn't have the opportunity to have my education abroad. What you, readers, think about my decision to live with my parents still? Do you think it's a great strategy? Let me know your opinion in the comment section below.