Lately I've been giving a lot of thought on how to make money. More specifically, how to combine making money with a lifestyle of traveling and living abroad as much as possible. So I wrote this guide mostly to help clear my thoughts on the subject and hopefully come out with some sort of plan for myself. I also thought I'd share it here in case anyone finds it useful and wants to add to it. Understand that I'm not really an authority on this subject and haven't tried all of these different ways of making money so I'm not always speaking from experience.
If your goal is just to make as much money as possible you're probably better off finding a location dependent way of doing that. But making money becomes a bit more complicated when you value freedom, travel a lot and can't or won't commit to an employer/business which only gives you 2-5 weeks off each year. There are a lot of threads about how to make money on this forum. Some guys freelance, some have an internet business, some have passive income, some are expats with a "fixed" job abroad etc. But I think it could be useful to have a thread where we discuss the pros and cons of diferent ways of making money for traveling and living abroad from a comparative perspective.
These are the basic ways, or categories, I could think of (feel free to add to this):
1. A regular job/business
Having a regular 5 days a week, 9 to 5 job in your home country which gives you maybe 2-5 weeks off every year (+weekends) to travel. If you're lucky you may be able to travel on the job.
2. In and out kind of jobs (not sure what to call these, anyone knows?)
Work for X amount of days/weeks/months and then get the same amount of time off. Rinse and repeat.
3. Work for long(er) periods of time at a time
Like above only for longer (let's say l3-12 months) and then travel for equally long extended periods of time. Rinse and repeat.
4. Location independent job
Working while you're traveling/living abroad
5. Being an expat
Being employed and stationed in a foreign country.
6. Passive income
Having money coming in with little or no effort. For instance, from selling books, managing real estate, day trading stocks etc.
I think it could be useful to look into each of the above ways of making money and break them down in more detail, especifically their various pros and cons:
1. Having a regular job/business
I suppose this is the option most guys opt for. For me though, a yearly vacation of 2-5 weeks isn't nearly enough time to travel/live abroad but we all have different priorities. In any case, what still makes this option potentially interesting to me is the idea MikeCF floated on another thread about getting a job, putting in a minimal amount of time at the office each day and then spend the rest of the time building your own business/way of making money WHILE of the pay-roll: http://www.rooshvforum.network/thread-26...#pid499212
Personally I would only give it a try for a maximum of one year though (if at all), and it would only be to save up money for my travel expenses as well as starting up some kind of business that could sustain my traveling/living abroad indefinitely afterwards. The job would also need to have some specifics like being a job where you can slack off for 80-90% of the day without getting into trouble etc. I think some jobs in public administration could fit the bill.
This is arguably the easiest and most comfortable way to make money which is one of its main advantages. (Though it will probably get harder in the future as jobs continue to become scarcer and scarcer). Of course this way also allows you to live a comfortable life in your home country which is likely to be a 1st world one (though also feminist one). You can focus on making money without frequent interruptions of travel and also do social circle game apart from cold-approaching.
2. In and out kind of jobs (again, is there another name for these?)
Let's say you get a job working intensively for 3 weeks and then get 3 weeks off. Provided you earn enough money you can then basically travel as much as you want the 3 weeks you are free. With some jobs you can maybe still have a semi-decent life the period of time you're working when you can run social circle game in your base country and then do long game abroad. So maybe this can be the best of both worlds? Sidenote: you probably have to work in a 1st world country since the pay needs to be good enough to finance your traveling. Another small advantage is that you could be flying quite frequently with this strategy which could see you racking up miles quite fast. Disadvantages of this strategy include being limited to the time off allocated for traveling (maybe you have to leave the country and go back just when your hard work of approaching starts to bare fruit). Also, some of these jobs are night jobs which will fuck up your night rhytm or there may be something else about them which will harm your health.
Questions: What are some jobs that allow for this type of deal? What education (if any) is necessary? Are they hard to get? How damaging, if at all, is night/shift jobs really to your health?
3. Work for long(er) periods of time at a time
This is like nr. 2 only you work for longer stints but are then rewarded
accordingly with longer periods of time off for traveling. Actually, jobs that offer many months off a year are probably rare and you may have to find a new job/employer every time you get back. This in itself might be both difficult and tedious and result in you losing time and money. Another disadvantage is that you have to spend long periods of time in a country/culture you may not like for work. On the other hand, you have more time to achieve whatever you want in the country(ies) you travel to, be it related to girls or something else. Then again, you have to give that up for several months when you go back, though you may be able to do really quick and short side trips while you're waiting for your next long stint off.
Lastly, If you have lets say 6 months off for traveling/living abroad, that is plenty of time to start generating a supplementary side income to combine strategies 3 and 4 (see below). This is a major point for me personally.
4. Location independent work
This include things like internet marketing, internet businesses, freelancing, programming, web design, translation, copywriting, writing, etc. Basically most of this is done with a computer and internet. Advantage: unlimited traveling. Disadvantages: you have to work while you're traveling. Self-discipline might become an issue (I used to consider myself a highly self-disciplined individual until I joined this forum and started comparing myself to some guys on here). Also, it may be hard to earn high or even sufficient amounts of money to sustain your lifestyle. In all the other categories of jobs except this one geoarbitrage is an advantage. With location independent jobs geoarbitrage is not guaranteed.
Sidenote: Working as an English teacher abroad could be seen as falling into this category or it could also be seen as to fall into category 1 depending on the specifics.
5. Being an expat
Being an expat means you're rooted in the given country. This allows you to form a social circle there, may be a DHV/social proof and the risk of being branded a sex tourist becomes less of a problem. A disadvantage might be that you're "stuck" there. You don't get to choose your country or city a lot of the time and if you do, it's probably from a limited pool of options. Additionally, being an expat sometimes involves long hours and taking orders from someone you don't like and disagree with etc. You may have to uproot and change country after a few years.
6. Passive income
Maybe you're a writer who can live off his royalties or you invest in something like real estate or the stock market to live off the interest. Advantages are self-explanatory: if you have enough money coming in/saved up you can just sit back and do what you want. Disadvantages: it's hard to achieve and likely requires a lot of time before you can see any yields.
...
Thoughts on this?
Later on in this thread I will talk a bit more about what of the above option(s) I'm personally leaning towards as well as how I ended up questioning traditional year-in, year-out employment.
If your goal is just to make as much money as possible you're probably better off finding a location dependent way of doing that. But making money becomes a bit more complicated when you value freedom, travel a lot and can't or won't commit to an employer/business which only gives you 2-5 weeks off each year. There are a lot of threads about how to make money on this forum. Some guys freelance, some have an internet business, some have passive income, some are expats with a "fixed" job abroad etc. But I think it could be useful to have a thread where we discuss the pros and cons of diferent ways of making money for traveling and living abroad from a comparative perspective.
These are the basic ways, or categories, I could think of (feel free to add to this):
1. A regular job/business
Having a regular 5 days a week, 9 to 5 job in your home country which gives you maybe 2-5 weeks off every year (+weekends) to travel. If you're lucky you may be able to travel on the job.
2. In and out kind of jobs (not sure what to call these, anyone knows?)
Work for X amount of days/weeks/months and then get the same amount of time off. Rinse and repeat.
3. Work for long(er) periods of time at a time
Like above only for longer (let's say l3-12 months) and then travel for equally long extended periods of time. Rinse and repeat.
4. Location independent job
Working while you're traveling/living abroad
5. Being an expat
Being employed and stationed in a foreign country.
6. Passive income
Having money coming in with little or no effort. For instance, from selling books, managing real estate, day trading stocks etc.
I think it could be useful to look into each of the above ways of making money and break them down in more detail, especifically their various pros and cons:
1. Having a regular job/business
I suppose this is the option most guys opt for. For me though, a yearly vacation of 2-5 weeks isn't nearly enough time to travel/live abroad but we all have different priorities. In any case, what still makes this option potentially interesting to me is the idea MikeCF floated on another thread about getting a job, putting in a minimal amount of time at the office each day and then spend the rest of the time building your own business/way of making money WHILE of the pay-roll: http://www.rooshvforum.network/thread-26...#pid499212
Personally I would only give it a try for a maximum of one year though (if at all), and it would only be to save up money for my travel expenses as well as starting up some kind of business that could sustain my traveling/living abroad indefinitely afterwards. The job would also need to have some specifics like being a job where you can slack off for 80-90% of the day without getting into trouble etc. I think some jobs in public administration could fit the bill.
This is arguably the easiest and most comfortable way to make money which is one of its main advantages. (Though it will probably get harder in the future as jobs continue to become scarcer and scarcer). Of course this way also allows you to live a comfortable life in your home country which is likely to be a 1st world one (though also feminist one). You can focus on making money without frequent interruptions of travel and also do social circle game apart from cold-approaching.
2. In and out kind of jobs (again, is there another name for these?)
Let's say you get a job working intensively for 3 weeks and then get 3 weeks off. Provided you earn enough money you can then basically travel as much as you want the 3 weeks you are free. With some jobs you can maybe still have a semi-decent life the period of time you're working when you can run social circle game in your base country and then do long game abroad. So maybe this can be the best of both worlds? Sidenote: you probably have to work in a 1st world country since the pay needs to be good enough to finance your traveling. Another small advantage is that you could be flying quite frequently with this strategy which could see you racking up miles quite fast. Disadvantages of this strategy include being limited to the time off allocated for traveling (maybe you have to leave the country and go back just when your hard work of approaching starts to bare fruit). Also, some of these jobs are night jobs which will fuck up your night rhytm or there may be something else about them which will harm your health.
Questions: What are some jobs that allow for this type of deal? What education (if any) is necessary? Are they hard to get? How damaging, if at all, is night/shift jobs really to your health?
3. Work for long(er) periods of time at a time
This is like nr. 2 only you work for longer stints but are then rewarded
accordingly with longer periods of time off for traveling. Actually, jobs that offer many months off a year are probably rare and you may have to find a new job/employer every time you get back. This in itself might be both difficult and tedious and result in you losing time and money. Another disadvantage is that you have to spend long periods of time in a country/culture you may not like for work. On the other hand, you have more time to achieve whatever you want in the country(ies) you travel to, be it related to girls or something else. Then again, you have to give that up for several months when you go back, though you may be able to do really quick and short side trips while you're waiting for your next long stint off.
Lastly, If you have lets say 6 months off for traveling/living abroad, that is plenty of time to start generating a supplementary side income to combine strategies 3 and 4 (see below). This is a major point for me personally.
4. Location independent work
This include things like internet marketing, internet businesses, freelancing, programming, web design, translation, copywriting, writing, etc. Basically most of this is done with a computer and internet. Advantage: unlimited traveling. Disadvantages: you have to work while you're traveling. Self-discipline might become an issue (I used to consider myself a highly self-disciplined individual until I joined this forum and started comparing myself to some guys on here). Also, it may be hard to earn high or even sufficient amounts of money to sustain your lifestyle. In all the other categories of jobs except this one geoarbitrage is an advantage. With location independent jobs geoarbitrage is not guaranteed.
Sidenote: Working as an English teacher abroad could be seen as falling into this category or it could also be seen as to fall into category 1 depending on the specifics.
5. Being an expat
Being an expat means you're rooted in the given country. This allows you to form a social circle there, may be a DHV/social proof and the risk of being branded a sex tourist becomes less of a problem. A disadvantage might be that you're "stuck" there. You don't get to choose your country or city a lot of the time and if you do, it's probably from a limited pool of options. Additionally, being an expat sometimes involves long hours and taking orders from someone you don't like and disagree with etc. You may have to uproot and change country after a few years.
6. Passive income
Maybe you're a writer who can live off his royalties or you invest in something like real estate or the stock market to live off the interest. Advantages are self-explanatory: if you have enough money coming in/saved up you can just sit back and do what you want. Disadvantages: it's hard to achieve and likely requires a lot of time before you can see any yields.
...
Thoughts on this?
Later on in this thread I will talk a bit more about what of the above option(s) I'm personally leaning towards as well as how I ended up questioning traditional year-in, year-out employment.
