I’m certainly not a conspiracy theorist, but I do have my concerns about the future. And that’s why I have a “Plan B.” Everybody should have a “plan B” — a second alternative that you can feel comfortable going back to if your initial plan doesn’t go as well as you thought it would. But before I speak about this “plan B”, let’s try to define what the plan “A” is in the first place.
|The following excerpt is taking from my Do What You Love newsletter, a monthly printed newsletter I send to members of my Do What You Love Success Group only.To learn more about this newsletter, click here.|
Plan A is what most people try to do. It’s called the “American Dream,” but also the rat race.
I believe that the American Dream in itself is a noble endeavor. Everybody wants to improve their current circumstances.
Own a house. Raise a family. Drive a nice car. Invest some money so you don’t have to worry about your old days. Live somewhere nice.
I’m certainly not putting down any of these things. I’m not one of those naturalists who think that “materialism” is bad and the desire to become financially independent is not “spiritual”. I believe that the founding fathers of the USA were right when they said that every man (or woman) has the right of the pursuit to happiness.
The problem with the American Dream is when it turns into the “rat race”. When you’re constantly running in circles, trying to achieve the dream but never quite reaching it — and also never being totally fulfilled by it. It’s also the rat race when you can’t enjoy the process of reaching your goal. You’re only focusing on the future possibility of attaining it, but not enjoying the time you have RIGHT NOW. You’re living life in the future.
Of course, it might not be a rat race if there weren’t so many things that stood in your way. For example:
· You do your best earn some income, but the government takes most of it away in taxes — overtly or covertly.
· Inflation eats away the value of your money, things are getting more expensive as years go by
· An entire culture around you is influencing you to spend, spend, spend — and you find it hard to save
It probably would be a lot easier to achieve certain prosperity if there were not all these obstacles in your way. But another problem with the rat race is that even if you manage somehow to get the things you coveted, will you feel fulfilled and happy?
Here, the goal is more than making money on the Internet. It’s about living a live you love — a life that you’ve designed, not one that was designed for you.
Costa Rica and My Plan B
For the past 4 years, I’ve been spending several months of the year in Costa Rica. Previously I would go on rather long vacations in various countries to “break” the winter, but now I feel like Costa Rica is my first home, and that’s where I want to spend most of my time.
Whenever I arrive here, I always feel that I’m becoming a different person every time. First of all, my expenses go way down.
I spend a lot more time outside, so I don’t need so much “entertainment.” Entertainment is going to the beach or the waterfalls, or exploring a new part of the country.
A lot of things are also cheaper. Because I eat mostly fruits and vegetables, my food expenses are cut in half when I’m here.
Last year, I calculated that I actually saved money by coming here for several months, even though I still paid for my apartment in Montreal when I’m gone! (At this point, I got rid of my apartment in Canada to live in Costa Rica).
I don’t spend as much here not just because things are cheaper… but also because I’m more fulfilled.
During a typical week, we might spend 3 or 4 days working at home, where we have my high-speed Internet, and get as much work done as I did back home in Canada.
I might run every other day by the beach, go to the farmer’s market to buy amazing fruits and vegetables, watch the same TV shows I follow at home (such as Lie to Me or Lost, my favorite TV addictions), and read a lot more than I do at home.
On the weekends, we’ll definitely go to the beach, or go diving, or take a “river walk” to bathe in the numerous beautiful waterfalls, go to hot springs, or take a trip to a new area of the country (and there are so many of them).
Costa Rica certainly isn’t the cheapest country in the world. I know I could go to South-East Asia and spend less than I spend here. But I like it in Costa Rica because it’s convenient, extremely friendly, fairly safe and not too far from North America.
The Internet Freedom Lifestyle
My point with all of this is that I couldn’t be doing what I’m doing if it were not for the Internet Freedom Lifestyle. It really isn’t about the cost, because as I’ve demonstrated you can spend less overall by leaving for half the year to a tropical paradise!
It’s more about having the freedom to do it.
Now I know that you probably have some commitments that might not make it easy to leave for several months a year, such as a job or children.
But that’s also why I want to talk about it… so you can know that you can have a “Plan B” if you really want to change your life.
But is it really about money?
There are lots of places where you can have a great life for as little as $700 a month. Tropical places such as:
· Goa, India (where you can rent a place close to the beach for less than $400 per month)
· Ecuador, where I know a couple who spends only $500 for their entire lifestyle (and enjoy lots of luxuries)
· Mexico, where you can find lots of beautiful and friendly pueblos away from the main tourist areas
· South East Asia, where mangoes cost 25 cents a pound (or less), avocados 10 cents each, and durian (a favorite tropical fruit of mine) $1 each.
And if you like it a bit more like home, Costa Rica is a great, friendly place that costs a bit more than the aforementioned places, but not nearly as much as you could spend in North America.
I personally find it extremely comforting to know that I can always live in great places all around the world, just from the income that I earn with my Internet Business.
And that even if things went really bad… I know I could live anywhere I wanted, and enjoy a much better life than if I tried to stay on the course of the “rat race” back in Canada.
How hard is it to generate $700 in profits each month from an Internet business? Not hard at all, as I’ll show you in a moment.
Isn’t it good to know that you have some options in this world?
Generating Internet Income Anywhere in the World
Now you know you can live in a tropical paradise for a fraction of what you’re currently spending at home.
Even if the whole “relocation/travel” thing doesn’t appeal to you, at least you know you have other options than the eternal rat race.
The first step is to set up a business that can earn you passive income from anywhere in the world.
When I say “passive income”, I’m referring to semi-automatic sales.
You will have to put in work to set things up, and after you will have to put in regular hours to maintain it, but your efforts will also generate sales automatically.
If you want true passive income, you’ll have to put aside $250,000 aside in Certificates of Deposits. Supposing that it earns you 5% per year, you’ll earn a little over $1000 per month in interest.But even that can’t be forever, because interest rates will change, and inflation will eventually eat away a chunk of your nest egg. Plus… who really wants to stop working completely?
If you love what you do, and helps lots of people and earns you what you need to live with only a few hours of work per week… why would you want to give that up?
· So you set up an Internet business. This business has a lot of automated systems built into it.
· You earn X amount of dollars per month — enough to cover your desired lifestyle, plus some for savings and emergencies, or future projects.
· You set this business up in a jurisdiction that works for you. For most people, that means opening a business in the USA or Canada, or Europe.
· You don’t have to create a “company” at this point. You can do business under your own name. But you’ll probably be much better off if you set up some kind of enterprise (such as a sole proprietorship), in order to benefit from tax deductions.
· Money earned will be deposited in your business or personal bank account. A certain amount should be set aside for taxes. Discuss this with your accountant.
· You can withdraw this money from anywhere in the world using your ATM card, or through bank transfers or Western Union, or take enough cash with you when you leave.
· Set things up the right way at home: have your finances, accounting and paperwork in order. Then you’ll feel free to leave for anywhere for almost any amount of time. Almost all paperwork that needs to be signed can be sent remotely with a fax (use www.efax.com for a true international fax number). Worst case, you can use FedEx to send important papers if you’re away from home, but I’ve personally never had to do that.
· The simpler and most systematized your business is, the easier it will be for you to leave whenever you want.
The key with all of this, of course, is to generate enough income with your online business.
|This was just a short except of my monthly newsletter. The same issue also contained much more details on how to create a complete line of products to generate passive income for your business, the top 4 mistakes most people make when they first start an online business and sell a product, and how to create your product pyramid. To learn more about subscribing, click here.|