Post: #1

I was curious about the guys on here that are legitimately "Location Independent".

How much dough are you pulling down per year?

Don't vote unless you are truly "Location Independent".

As we all know, making real money while Location Independent is a real trick.

But this is the real trick to this lifestyle: Being Free to Travel and Pulling down Real Money.

How much would you like to make before you feel like you have absolute Freedom?

Share any tips you have learned for the crew along the way.

Post: #2

I just started this month, I have two clients, and if neither of them quit I'll make $538 per month with exactly four hours of work per week. I'd like to add more clients soon but I'm finishing up the last semester of my distance ed degree.

I'd be quite happy to live off $1000 per month in Thailand or somewhere while keeping monthly work hours at 25. I think I'd see diminishing personal / lifestyle benefits to increasing my work hours for more money beyond that, although eventually I should start investing for my future.

Freedom for me is $2500 per month completely passive income like dividends or real estate managed by a rental company or something. Freedom for me is more about minimal work hours than high income.

Post: #3

Right now, not dick. Before I would make $1,200-$1,600ish. I only had one website and I had an assistant who did all of my day to day work for me for $150 per month. I shouldn't have been so lazy and should have rinsed and repeated what I was doing in 3-4 other niches and I would have been/be pretty well off.

Moral of the story, don't get lazy when you start making enough cash to escape to Thailand. Replicate your success in other niches and make some decent cash so if one website crashes and burns, you won't be left broke like I am.

Post: #4

(06-18-2012 12:03 AM)RioNomad Wrote:  Right now, not dick. Before I would make $1,200-$1,600ish. I only had one website and I had an assistant who did all of my day to day work for me for $150 per month. I shouldn't have been so lazy and should have rinsed and repeated what I was doing in 3-4 other niches and I would have been/be pretty well off.

Moral of the story, don't get lazy when you start making enough cash to escape to Thailand. Replicate your success in other niches and make some decent cash so if one website crashes and burns, you won't be left broke like I am.

Ya same here, lol. Thailand seems to have that effect on success and productivity!

I lost out on about 8k from selling sites by procrastinating putting the listing up. By the time I was close to sealing the deal, Google Panda update hit and slashed the sites' income. Had I sold a week or two earlier, woulda made thousands!

For some reason I cant get excited about Freelancing. SEO or writing just do not do it for me. Am currently reading "Screw Work, Lets Play"... he seems to have the right idea. It should be possible to make at least SOME money doing something you really enjoy, location independently...

Post: #5

(06-18-2012 02:19 AM)RichieP Wrote:  

(06-18-2012 12:03 AM)RioNomad Wrote:  Right now, not dick. Before I would make $1,200-$1,600ish. I only had one website and I had an assistant who did all of my day to day work for me for $150 per month. I shouldn't have been so lazy and should have rinsed and repeated what I was doing in 3-4 other niches and I would have been/be pretty well off.

Moral of the story, don't get lazy when you start making enough cash to escape to Thailand. Replicate your success in other niches and make some decent cash so if one website crashes and burns, you won't be left broke like I am.

Ya same here, lol. Thailand seems to have that effect on success and productivity!

I lost out on about 8k from selling sites by procrastinating putting the listing up. By the time I was close to sealing the deal, Google Panda update hit and slashed the sites' income. Had I sold a week or two earlier, woulda made thousands!

For some reason I cant get excited about Freelancing. SEO or writing just do not do it for me. Am currently reading "Screw Work, Lets Play"... he seems to have the right idea. It should be possible to make at least SOME money doing something you really enjoy, location independently...

I might read up on that Do share your views on that book.

Post: #6

Tim Ferris 'The 4-hour Workweek' just ain't realistic for most people.
But 4-hours per day (20 hours per week) for an income of 3k per month is achievable.

Post: #7

(06-19-2012 02:29 AM)zarzuelazen Wrote:  Tim Ferris 'The 4-hour Workweek' just ain't realistic for most people.
But 4-hours per day (20 hours per week) for an income of 3k per month is achievable.

Thats exactly what Im after. Are you there yet?

Post: #8

(06-19-2012 02:29 AM)zarzuelazen Wrote:  Tim Ferris 'The 4-hour Workweek' just ain't realistic for most people.
But 4-hours per day (20 hours per week) for an income of 3k per month is achievable.

I also agree. My initial goal is $3k monthly at less than 30hrs per week. Closer to 20hr would be ideal (as would closer to $4k).

I don't think the optimistic end of that range - $4k per month, spending 20hrs per week being productive - is too much of a stretch after a solid 1-2 years learning the ropes. At least this is what I am hoping.

The 4hr Work Week is pretty far fetched IMHO.

Post: #9

Id like to hear more from the cat who indicated >600K/Year

Post: #10

(06-19-2012 08:46 PM)bigxxx Wrote:  Id like to hear more from the cat who indicated >600K/Year

Me too.

Wonder if that is the same cat who had a jet on here.

If you are reading this, break it down a little more.

Post: #11

I'm just starting to test the waters with some new online money making ideas and would be happy (to begin with) if I can get to around $1500 a month. Used to have a good gig a few years back that made me around $2000 a month for little work and another that made about $1000 a month for about 10 minutes a day checking emails, both sadly came to an end.

Post: #12

A good tip for guys who are always travelling: Put your room up on airbnb.com and you could easily make extra 1000 dollars per month and its so easy to get people to stay in your room, almost unbelievable.

Post: #13

(06-19-2012 02:29 AM)zarzuelazen Wrote:  Tim Ferris 'The 4-hour Workweek' just ain't realistic for most people.
But 4-hours per day (20 hours per week) for an income of 3k per month is achievable.

The 4 hr Workweek is very achievable, I know people that are doing it. And these aren't wizz-kids, they are regular guys

I'm a dropshipper which I love because, if you can refine the method good enough, it's ultra low maintenance.

I also do Freelancing work that brings me a minimum of $3000 a month(If I choose to, full-time hours), I hate doing it, but am getting unlimited work thrown at me, so am starting to outsource.

It's good to have as many multiple streams as possible IMO as long as they aren't too much work. If someone tells me an easy way to make $50 a month for ten minutes of my time, I will do it.

Post: #14

(06-18-2012 12:03 AM)RioNomad Wrote:  Right now, not dick. Before I would make $1,200-$1,600ish. I only had one website and I had an assistant who did all of my day to day work for me for $150 per month. I shouldn't have been so lazy and should have rinsed and repeated what I was doing in 3-4 other niches and I would have been/be pretty well off.

Moral of the story, don't get lazy when you start making enough cash to escape to Thailand. Replicate your success in other niches and make some decent cash so if one website crashes and burns, you won't be left broke like I am.

Haha this is true, i'm in Germany now and i'm at the most productive i've been in ages. Head back to the Ukraine in a few days, have to be ULTRA disciplined. I'm not sure i've got it in me

Post: #15

(06-28-2012 04:57 PM)Deb Auchery Wrote:  It's good to have as many multiple streams as possible IMO as long as they aren't too much work. If someone tells me an easy way to make $50 a month for ten minutes of my time, I will do it.

I do think it is good to have multiple income streams but not the way you are doing it.

For example, I sell software and my particular technology can be pushed into several markets. Same technology, just different marketing and branding. It took time to get to this point. If I were to follow your advice I wouldn't have time since it would be split doing many other things like drop shipping, freelancing, affiliate marketing, etc...

I think a great deal of people miss out when worrying about income diversification. I can diversify in many markets now because I focused on one project.

Also, I will concentrate on one market because there are so many products waiting to be created that it makes no sense for me to diversify in many others. Let's look at it this way, I build up a buyer base so it would make me more money with less work if I proceeded to concentrate on that market.

This market isn't going anywhere. There are tons of new buyers coming in all the time. If I were to ever max out all possibilities with this market, I would then go to the next market.

Now investing into passive income streams wouldn't be a bad approach.

Post: #16

(06-28-2012 05:05 PM)worldwidetraveler Wrote:  

(06-28-2012 04:57 PM)Deb Auchery Wrote:  It's good to have as many multiple streams as possible IMO as long as they aren't too much work. If someone tells me an easy way to make $50 a month for ten minutes of my time, I will do it.

I do think it is good to have multiple income streams but not the way you are doing it.

For example, I sell software and my particular technology can be pushed into several markets. Same technology, just different marketing and branding. It took time to get to this point. If I were to follow your advice I wouldn't have time since it would be split doing many other things like drop shipping, freelancing, affiliate marketing, etc...

I think a great deal of people miss out when worrying about income diversification. I can diversify in many markets now because I focused on one project.

Also, I will concentrate on one market because there are so many products waiting to be created that it makes no sense for me to diversify in many others. Let's look at it this way, I build up a buyer base so it would make me more money with less work if I proceeded to concentrate on that market.

This market isn't going anywhere. There are tons of new buyers coming in all the time. If I were to ever max out all possibilities with this market, I would then go to the next market.

Now investing into passive income streams wouldn't be a bad approach.

To get to the point I want to be then these extra streams are important, otherwise I wouldn't care.

Another reason for me liking multiple income streams is some of them are fragile at the moment and need to be built up. If the shit hits the fan I don't have all my eggs in one basket.

Post: #17

(06-28-2012 05:12 PM)Deb Auchery Wrote:  To get to the point I want to be then these extra streams are important, otherwise I wouldn't care.

Another reason for me liking multiple income streams is some of them are fragile at the moment and need to be built up. If the shit hits the fan I don't have all my eggs in one basket.

Yeah, fragile isn't good. Hopefully you can get into something more stable with long term potential that can be scaled.

Post: #18

That may be me. I have a jet. I can go where I please and I don't need to worry about money.

I'm not sure what you want to know. I was born and raised in lower (much lower) middle class and I made all my money in the software business. It turns out I'm pretty good at investing (private equity mostly) as well.

I'm very low key, if you saw me hanging out with my friends in a bar you would not pick me as the wealthy guy. I value most my family and close friends just like everyone else.

(06-28-2012 02:49 PM)thegmanifesto Wrote:  

(06-19-2012 08:46 PM)bigxxx Wrote:  Id like to hear more from the cat who indicated >600K/Year

Me too.

Wonder if that is the same cat who had a jet on here.

If you are reading this, break it down a little more.

Post: #19

Nice Gringuito.

Where are you taking the jet this summer? St Tropez?.

(funny how it goes silent in this thread when a real high-roller swings by!)