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Some of the people you see who ditched the rat race to travel support themselves with revenue from their blogs where they talk about how they've ditched the rat race and now travel the world, but that market is pretty well saturated at this point (this guy for example https://www.nomadicmatt.com). There are people that have started legitimate businesses while backpacking around, the guys over at tropicalmba.com have a weekly podcast that discusses this very topic in-depth. Assuming you don't have kids, any major financial obligations and a decent chunk of savings something like this certainly is possible if you've got the right skill set and ideas that can realistically convert into a revenue generating business. As a previous poster said most of the people who choose to go this route hang out in SE Asia because you can pretty easily live in most places there on <$1000 month, even far less than that if you're willing to live like a pauper. Many people go the teach English route but this can be more difficult to make any decent living off of depending on where you are. The easier route would be to find a job where you can work remotely from anywhere. This shouldn't be too hard in this age of silicon valley tech wiz start up disrupt killer app economy we live in today. Granted you don't get the satisfaction of completely leaving 'the rat race' but at least you've got a steady income and don't need to worry about starting an actual business. Regarding retirement, etc even if you live and earn your money abroad you can still pay into social security (I think you're technically required to, or at least file taxes) thus you'd still be able to claim that once you reach old age. There's nothing preventing you from contributing a few hundred a month into an IRA from abroad either. MisterTurtle fucked around with this message at 20:28 on May 1, 2015 |
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May 1, 2015 20:25
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EB Nulshit posted:
Just go to Bangkok and see it for yourself. It really is a world-class city with amazing entertainment, food and a significant international business presence plus very low cost of living. I find it difficult to believe that people in this day and age still think of Bangkok as a third world backwater filled with opium dens and organ harvesters.
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May 6, 2015 22:59
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