It’s not easy making a comfortable living as a full-time travel writer or blogger, so the Travel Writing 2.0 book and blog are all about helping you increase your income. If you subscribe to the Travel Writing Success newslettter, you’re getting more good nuggets direct from me each month.
Income is only half the equation when it comes to your finances though. The other side of the accounting ledger is what goes out each month—your expenses. Naturally if you can keep your income roughly the same but cut your expenses in half, you’ve substantially increased your monthly disposable income. Instead of it all going into rent, utilities, car expenses, and health care, you can actually save some money and get ahead.
My newest book, A Better Life for Half the Price, is for anyone who wants to cut loose instead of cutting back, who wants to live life to the fullest each week instead of stressing about money. It’s the creative types who work online that can really benefit the most though from a change of address. Our life of working for ourselves and having personal freedom can mean great benefits but also great uncertainty in terms of the monthly income flow. By cutting your expenses in half or more (without having to cut back on the things you enjoy), you can eliminate much of the danger, the risk, the fragility of being self-employed.
I only moved across one national border, to Mexico, and immediately my family’s expenses dropped by more than half. Businesses talk a lot about “run rate” and though my business expenses didn’t change much, my personal ones—which are larger anyway—plummeted. On top of that, we can enjoy life more here. We go out to eat more, we don’t have to think twice about going to the symphony ($6), grabbing lunch at a typical restaurant ($3-$4), going to a concert ($4), or buying a fresh-squeezed juice ($1).
If you make $52,000 in the USA, you’re at the median income level. If you make that amount and you’re living in Mexico, you’re upper middle class. If you earn that and you’re living in India, Nepal, Cambodia, or Nicaragua, you are stinking filthy rich. You’d be a 2-percenter, one of the elites.
I did a blog post on what it costs me living in Guanajuato where you can see more, like utility bills. The thing is, there are plenty of other cheap countries around the world where you can do the same job you’re doing now. By living abroad though, you can keep a lot more of what you’re earning instead of watching it go right back out of your checking account. Some of them are a good bit cheaper than Mexico. You could probably live for 1/4 of what you do now in some spots I highlight in the book. If you’re currently in New York City, London, or Sydney, make it 1/5.
How would your life change if your monthly bills dropped in half? Would you feel less stress? Enjoy the job more? Be able to be more picky about which projects you take on? Finally finish that unfinished book or big project? Could you afford a virtual assistant and free up some of your time?
Invest an hour’s wages in the e-book or paperback and start exploring here: A Better Life for Half the Price.
Or, if you’re just a little intrigued and want to learn more, get on the Cheap Living Abroad monthly e-mail list and download the free report “14 countries where you can stay 4 months or more on a tourist visa.”