[cheerfulwish]

(04-04-2012 01:25 AM)lavidaloca Wrote:  

Mostly inheritances. But I do have a firm job that will pay well over 100k when I graduate law school in 2 years + 1 year articling. I do have a business background from undergrad but I really didn't take much interest in finance. I have invested in real estate and made good returns or what atleast I thought were good returns. 6% yearly would be nice though. I'll have to look at that after I finish exams or when I get back from vacation in September.

You already have a firm job lined up in BigLaw and are only a 1L? You are living a blessed life my friend

[tomtud]

From my experience, people who make a little money talk about it. Those who are wealthy don't even mention it. I'm in the middle east, and a buddy of mine, his family is über wealthy,and he's a normal dude. We never talk about money. Now, other buddies of mine, making peanuts in comparison, talking about $ are Mickey mouse IMHO.

As for dropping everything, well what are your limits and lifestyle. Ask yourself what you can and cannot live with. Have an open mind and realize that you won't be changing the locals' mentality even if they are backwards thinking. Take it day by day and accept it as it s. life will be much more enjoyable.

[WestCoast]

I agree entirely with your post, believe the adjustment makes sense, however to keep on topic it's more of a what kind of liquidity do u need to not have to worry about living in say east Europe making money that basically only covers living expenses.

This number will vary for everyone tho

[lavidaloca]

[/quote]

You already have a firm job lined up in BigLaw and are only a 1L? You are living a blessed life my friend


[/quote]

Yes, job is with family...Not Big Law though. Pays better than big law because I get to keep all of my billing beyond overhead/ expenses.

[nomadicdude]

Trust fund kids. Fuck.

[MikeCF]

(04-04-2012 01:52 PM)tomtud Wrote:  

From my experience, people who make a little money talk about it. Those who are wealthy don't even mention it. I'm in the middle east, and a buddy of mine, his family is über wealthy,and he's a normal dude. We never talk about money. Now, other buddies of mine, making peanuts in comparison, talking about $ are Mickey mouse IMHO.

You and your friends must be so much coooooooler than the rest of us pikers.

[lavidaloca]

It depends on how long you want to travel for, where you want to travel, what your family/ kid situation is and as the person before said what you can and can't live without. I'd love to move abroad permanently but I find I miss my family a lot after being away for more than a month or 2. Going to the other end of the world to start a new life just probably wouldn't work for me. One thing I've always thought would be a good idea is to work near a place you love to travel. For example if you love Colombia work in Miami and take advantage of the cheap short flights. You can fly down on weekends and perhaps get down once a month which would probably cure the travel bug for most people.

[WestCoast]

Yeah fail, hopefully I don't get labeled as a "how much to do X troll" answers on here are generally not the polling answers I kinda expected. To be specific though:

Family = none really
Kids = never
Money = dunno yet my travel experience is paltry compared to most here

The real issue? The only quote from a woman worth posting on this forum "i'd rather be a beggar and single than married and a queen" - Queen Victoria... That's the real issue

[Cr33pin]

(04-04-2012 07:38 AM)Deb Auchery Wrote:  

The most I could travel around the world without getting bored out of my brains is 6 months. Why waste all that money on just skipping from one destination to the next?. I need to work and grow at the same time, If I did my backpacking all over again I would get involved in some charity work

Im bored after just over 2 months. I am looking into doing some charity work here in the Phils.

Realestate people. Not flipping houses either, renting them. Its not a quik fix im glad i got into it at a early age. Buy a house an rent it to someone, they make the house payment an then some with the monthly rent. Once its paid for its money in your pocket every month for the rest of your life as long as you own the house. Now i have someone watch over my houses and put the rent checks in my bank account an travel the world an do whatever i want. I have about $2000 a month i can spend safely with out cutting my account short incase i need money for one of the houses.

Once i find the place abroad i want to call home i would like to get a job teaching english or washing dishes i really dont care. Just something, cause trying to find enough shit to do during the day to make it productive everyday is a losing battle.

[pitt]

(04-05-2012 01:14 PM)Cr33pin Wrote:  

(04-04-2012 07:38 AM)Deb Auchery Wrote:  

The most I could travel around the world without getting bored out of my brains is 6 months. Why waste all that money on just skipping from one destination to the next?. I need to work and grow at the same time, If I did my backpacking all over again I would get involved in some charity work

Im bored after just over 2 months. I am looking into doing some charity work here in the Phils.

Realestate people. Not flipping houses either, renting them. Its not a quik fix im glad i got into it at a early age. Buy a house an rent it to someone, they make the house payment an then some with the monthly rent. Once its paid for its money in your pocket every month for the rest of your life as long as you own the house. Now i have someone watch over my houses and put the rent checks in my bank account an travel the world an do whatever i want. I have about $2000 a month i can spend safely with out cutting my account short incase i need money for one of the houses.

Once i find the place abroad i want to call home i would like to get a job teaching english or washing dishes i really dont care. Just something, cause trying to find enough shit to do during the day to make it productive everyday is a losing battle.

There are a lot of things that you can do to occupy your time. Learn a martial art, learn how to cook new recipes, learn programming and try to create a new source of income (online), learn a new language, etc.

I have a guaranteed source of income for life which is 900 dollars per month (plus some savings), i probably could move to a country that i like now and live there an ok life, but i will get bored after a while if i have to be stucked in one country and live an average life where my choices are quiet limited,for now, im just going to be taking short trips to my favourite countries and focusing in multiplying my businesses income. I want a life where i dont have limits in my choices (im thinking 100k dollars per month) but i also dont want to sacrifice too much my now. But for guys who never done travelling for too long, let me tell you, that yes, it becomes boring after two months even when you are sleeping with the hottest women in the world. You will need something else to challenge you.

[AlphaTravel]

Being bored when travelling is difficult IME. There are always a few hours of my day where there's nothing really to do and it's too hot outside to be bothered to do much anyway but usually at night there's mischeif to be had, people to meet, girls to be seduced. I'm not bored for too long.

[nmmoooreland20]

(04-03-2012 07:00 PM)lavidaloca Wrote:  

Sorry, but where are these 6% interest accounts? thats higher than the rate that the stock market averages in gains per yeer which is about 4%. I have in the 500k net worth area and certainly would take advantage of a 6% guaranteed if possible and travel as I'm only 22. However, I imagine in order to get 6% your taking risks. Once you lose 50+k in the stock market in less than a week like i have, you begin to realize there are real risks.

[/quote]

Are you American? Set up a diversified portfolio or high yielding muni bonds in your state (tax free interest).

[lavidaloca]

No, I'm Canadian.

[Cr33pin]

(04-06-2012 11:15 AM)lavidaloca Wrote:  

No, I'm Canadian.

Eh

[Blunt]

I get bored on the road if I'm not working. As good as laying on a beach and cashing checks sounds, at least while I'm young I want to be doing something that is a challenge and makes use of my god-given talents.

Instead of concentrating on building a sum of money to live off, I'm more interested in developing a career/trade that will let me go to exotic locations to work.

[chamele0n]

(04-03-2012 06:37 PM)WestCoast Wrote:  

Been pondering this lately as I think I may be going down this route before 30 unless my career really changes and I end up waiting longer. With all the global guys on here would be great to get some perspective. The entrepreneurial guys do have the big upper hand but was curious what it would take for you guys to up and leave for 1-2 years? According to Roosh's book it was $35K but he had some online income. Thoughts guys?

Maybe the below makes sense IMHO:

200K net worth can leave at 29 y/o unless you have a new job that clears you ~100K savings a year. If not bounce.

If you have a major good job, maybe it becomes $600K by 34? Again same idea here unless u hit 200+ annual savings then u wait again.

$1M and u should bounce any time.


Always a give and take but wld be cool to get some perspective

I would not recommend it. Life is always greener on the other side but as someone who has lived abroad I can tell you that traveling for poon is not worth it. You are better off upgrading your life where you are to improve your chances.

[TheBear]

(04-03-2012 06:44 PM)DareP Wrote:  

I also recommend getting an internet income. I left the states 16 months ago with about $2,000 saved and made my way around the world with just my laptop.

I'm vehemently against the "save up money and spend it abroad" model. Save up $200,000 then go live abroad and you'll drastically cut down your net worth. You'll be moving forwards a little bit while working, then backwards while traveling. You then have to come back and rebuild your savings once you run out of money.

I think the exception is if you can get your net worth to the point where you can earn enough to live on in a foreign country with just your interest. For example, with $500,000 in a 6% interest account will get you $30,000 a year. That's more than enough to live on abroad.

Personally, the two models I like are:

1) Work online and travel.
2) Build a highly successful company, sell it, put the exit money in fixed income / securities and live on the interest.

The model I don't like is "get a job, work at a job you hate for X years, travel for X amount of time (usually much less than you worked,) then repeat." People work for something like 5 years just to be able to travel for 1 year. People work for 2 years so they can travel 6 months. Trading 5 years of misery for 1 year of happiness sounds like a lousy trade to me. So, that's my take - Avoid this model of funding travel and do something else.

I totally agree. As soon as I can get my monthly online income around the 2k mark, I'm gone.

[solo]

(04-06-2012 04:15 PM)chamele0n Wrote:  

I would not recommend it. Life is always greener on the other side but as someone who has lived abroad I can tell you that traveling for poon is not worth it. You are better off upgrading your life where you are to improve your chances.

I agree. I will now stop travelling completely and learn to love Western girls for their sluttyness, ADD, obesity, cuntiness, feminism and what not.

[drymarro]

(04-06-2012 06:28 PM)TheBear Wrote:  

(04-03-2012 06:44 PM)DareP Wrote:  

I also recommend getting an internet income. I left the states 16 months ago with about $2,000 saved and made my way around the world with just my laptop.

I'm vehemently against the "save up money and spend it abroad" model. Save up $200,000 then go live abroad and you'll drastically cut down your net worth. You'll be moving forwards a little bit while working, then backwards while traveling. You then have to come back and rebuild your savings once you run out of money.

I think the exception is if you can get your net worth to the point where you can earn enough to live on in a foreign country with just your interest. For example, with $500,000 in a 6% interest account will get you $30,000 a year. That's more than enough to live on abroad.

Personally, the two models I like are:

1) Work online and travel.
2) Build a highly successful company, sell it, put the exit money in fixed income / securities and live on the interest.

The model I don't like is "get a job, work at a job you hate for X years, travel for X amount of time (usually much less than you worked,) then repeat." People work for something like 5 years just to be able to travel for 1 year. People work for 2 years so they can travel 6 months. Trading 5 years of misery for 1 year of happiness sounds like a lousy trade to me. So, that's my take - Avoid this model of funding travel and do something else.

I totally agree. As soon as I can get my monthly online income around the 2k mark, I'm gone.

$2,000 is pretty solid...(depends how much you travel and how well you will be living). But I recommend at least $3,000... which is definitely feasible.

[xmlenigma]

(04-04-2012 01:55 AM)Lukey Wrote:  

I am currently in the midst of setting this up at the moment as I am off in January. I'm 26 years old.

I am building a bankroll of circa $100k this year + a couple of online endeavours and a return on property investments. Here in Australia, 6% is easily obtained in a general savings account.

As with others (Aliblahba etc) I am also in the resources industry and can therefore fall back on getting work in many places abroad, often in a tax free region. I figure with my initial savings, property investments I currently hold and periodical contract roles (if need be) with tax free income, I can stay on the road comfortably for as long as I see fit.

Do share some details on that please?

[Smitty]

(04-03-2012 08:02 PM)MikeCF Wrote:  

While society's "do the right thing until 60 and retire" line is a lie, so is the, "Have fun in your 20s" line.

If you duck out at 26 for two years, who's going to hire you at 28?

Professions move really quickly these days. Two years is a long time.

Plus, economic growth, such as it is, might not last.

Make that money while it's there to be made.

Grind in your 20s while you have the energy.

You can travel when you're in your 30s. If you take care of yourself, you'll have as much fun as in your 20s.

Just don't catch a kid.

Spot on.

[chamele0n]

(04-06-2012 08:11 PM)solo Wrote:  

(04-06-2012 04:15 PM)chamele0n Wrote:  

I would not recommend it. Life is always greener on the other side but as someone who has lived abroad I can tell you that traveling for poon is not worth it. You are better off upgrading your life where you are to improve your chances.

I agree. I will now stop travelling completely and learn to love Western girls for their sluttyness, ADD, obesity, cuntiness, feminism and what not.

I don't get how people like you complain about American women for not being able to get laid and at the same time keep calling them sluts. If they have ADD, why can't you use their sluttiness to get laid so you don't have to go anywhere?

Isn't that a big contradiction? Instead of calling them sluts why don't you call them prudes? That's probably why they don't put out in the first place, because guys like you are quick to call them sluts if they do.

[Deb Auchery]

(04-05-2012 04:13 PM)pitt Wrote:  

(04-05-2012 01:14 PM)Cr33pin Wrote:  

(04-04-2012 07:38 AM)Deb Auchery Wrote:  

The most I could travel around the world without getting bored out of my brains is 6 months. Why waste all that money on just skipping from one destination to the next?. I need to work and grow at the same time, If I did my backpacking all over again I would get involved in some charity work

Im bored after just over 2 months. I am looking into doing some charity work here in the Phils.

Realestate people. Not flipping houses either, renting them. Its not a quik fix im glad i got into it at a early age. Buy a house an rent it to someone, they make the house payment an then some with the monthly rent. Once its paid for its money in your pocket every month for the rest of your life as long as you own the house. Now i have someone watch over my houses and put the rent checks in my bank account an travel the world an do whatever i want. I have about $2000 a month i can spend safely with out cutting my account short incase i need money for one of the houses.

Once i find the place abroad i want to call home i would like to get a job teaching english or washing dishes i really dont care. Just something, cause trying to find enough shit to do during the day to make it productive everyday is a losing battle.

There are a lot of things that you can do to occupy your time. Learn a martial art, learn how to cook new recipes, learn programming and try to create a new source of income (online), learn a new language, etc.

I have a guaranteed source of income for life which is 900 dollars per month (plus some savings), i probably could move to a country that i like now and live there an ok life, but i will get bored after a while if i have to be stucked in one country and live an average life where my choices are quiet limited,for now, im just going to be taking short trips to my favourite countries and focusing in multiplying my businesses income. I want a life where i dont have limits in my choices (im thinking 100k dollars per month) but i also dont want to sacrifice too much my now. But for guys who never done travelling for too long, let me tell you, that yes, it becomes boring after two months even when you are sleeping with the hottest women in the world. You will need something else to challenge you.

There are a lot of things you can do, but how many things are you likely to end up doing depends on your motivation. If you are in a pussy paradise with the sun beating down on your neck, it can be hard to motivate yourself to do anything that what is needed to sustain your lifestyle. I already feel like a millionaire even though I don't earn that much.

I had grand ideas coming to this country, I said I would learn the language, travel around the country, get involved in charity work etc. But to be honest lately my lifestyle resolves around working very little, banging women and going to the gym. But granted not everyone is as lazy as me.

Yes living off $900 a month in some far off land is a waste of the person you are in my opinion, unless you are doing something else constructive.

100K a month???, I am concentrating on making that per year on a residual basis, when I achieve that then basically I am rich. I can afford to travel where I want, stay where I want, enough to snag a beautiful girlfriend, have a nice house

[solo]

chamele0n. Well, first of all I'm not American and correct me if I'm wrong but I don't think I've particularly singled out American women. But I will say that probably some of the worst girls I've had, had in some way or antother spent a considerable amount of time in the US or had som kind of connection to that country.

Second, even with minimal level of game I have no problem getting laid in my home country. Rather than complaining about not getting laid, what I do bitch about are the characteristics enumerated above of many though not all Western girls. Another thing they often have in common is claiming to want a "nice guy", totally contradicted by their behaviour. I could go on. I'm not into game to have sex with sluts as I see no pride or value in being with a girl who've slept around with half the neighborhood, so I see few advantages with their personalities.

For the record, I think every girl has the right to decide for themselves of course. And it is true that in some cases they can put added pressure on girls in relationships to put out but that does not change the fact that they are unfit as girlfriends themselves.

As for the question in the OP, I next hope to do longer trips to Brazil and the FSU/EE. I will budget for about 2000 euros per month (perhaps a bit less). I will spend the summer to save up the money and hopefully I can find a way to generate an extra income of € 1000 per month, then I can leave earlier with only half the amount saved up.