That's kind of what Gene Simmons did for about the first 15 years of his career. He never even owned a house or car until the mid 80s, according to him. He was perpetually either on tour or in the studio. When he wasn't on the road, he was crashing at someone's house. He never even had a girlfriend during that period so he spent almost nothing.
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"All my years in p*rn didn't quite prepare me for childbirth. I mistakenly thought all the stretching I did would make this easier."