Taking a financial gap year to save $100,000 | The Morning Show

By Sunrise

Community Score: 50% | 871 views | 2w

0 community ratings: null thumbs up, null thumbs down

Tim Abbott, a 31-year-old Sydney resident, relocated to a remote rural property in regional Queensland to escape Sydney's $40,000 annual rent costs. Living rent-free in a caravan and working on a farm, he successfully saved close to $100,000 over the course of a year through frugal living and strategic investing. The financial gap year concept involves young adults moving away from expensive cities to work and save money before returning to urban life with substantial savings. Get the latest news » https://7news.com.au 7Plus » https://7plus.com.au/ More from The Morning Show » https://themorningshow.com.au Subscribe to Sunrise » https://7news.link/SunriseSubscribe Subscribe to the Sunrise newsletter » http://7sunrise.link/Newsletter Connect with TMS online: Facebook » https://www.facebook.com/morningshowon7 Instagram » https://www.instagram.com/morningshowon7/ TikTok » https://www.tiktok.com/@morningshowon7 X » https://x.com/morningshowon7 #MorningShowOn7 #7NEWS

Tags: 7NEWS Australia, 7newsaustralia, Sunrise, The Morning Show, australia, celebrity news, channel 7, cost of living, entertainment, entertainment news, financial gap year, frugal living, latest news, latest news today, news australia, regional Australia, saving money, seven news