I looked at some of the site. The (unaudited) spending is very close to his claimed $25,000. He does roll his work into spending, as on the Hawaii trip. Much of the things the family does while there are an outcome of his work, not his spending. So ordinary accounting for this would count the income, and the spending. He explains that he loves to work so much that this enhances the vacation. But it is possible that not all of his followers will have his carpentry skills.
I obviously cannot comment on all the expenses, but I think the figure is $3xx for auto insurance, for I guess 2 cars. I haven't been able to insure one car for twice that amount, in a very long time.
Another thing that I was not able to find is accrual for replacement of mechanical things like the cars. And the medical and dental expenses seem to be very low for a family who only recently got a high deductible health insurance policy.
The guy is obviously very smart and very energetic, as is his wife.
I wouldn't want to try to duplicate his experience, but he seems to be making a success of it.
I am very careful with money, I am one person on Medicare, and I own a modest condo outright. Nevertheless, with no car and no travel, my spending last year, not including income taxes, was > $25,000. But also, I am not bartering labor for goods and services.
I know what he lists as his expenses, but this may not equal his income. If the expenses do equal his income, then his income (family of 3) is 128% of the 2013 Federal Poverty Level, as defined by department of health and human services.
What are Poverty Thresholds and Poverty Guidelines? | Institute for Research on Poverty | University of Wisconsin–Madison
So clearly his family is living very, very well compared to a typical 128% of poverty family. And this typical family would be getting quite a bit of public assistance in many areas.
Like I said above, this is a very creative, enterprising family. If/when Obamacare comes along and that should help too.
I guess how a person appraises this depends on how she sees all these elements.
Ha