Old Posts



Jan 18
Three Blogs of Immense Quality…You MUST read!
Category: Killer Blogs | 1 Comment
I just found out about 2 of the 3 blogs this week and one I had not seen, but had heard of the author.
You should do yourself a favor and check these out.  Each also has a link to a post I particularly like.  All links are set to open in a new window.  Your pop up blocker might prevent this.
1.
Location Independent Living | Live and work from anywhere you choose by Lea Woodward.  This site is full of posts from Lea and guest authors who give tips, tricks, encouragement and help from experience for anyone wanting to travel and still make a living.  Virtual Assistant
2. Self Made Minds by Al Carlton and Scott Jones.  I have seen very few sites over the years where the authors are as giving as Al and Scott.  The content on their blog is literally worth thousands of dollars if it was packaged into a How To course.  If you want to learn how to make a living online, you must read their blog.  The inside scoop they give you on their online businesses can give you a major jumpstart in creating your business.  Inside look at income from one of their businesses
3. Entrepreneur’s Journey by Yaro Starak.  I had heard mention of Yaro through the internet marketing grapevine, but I hadn’t met him nor had I seen any of his work.  This week I was doing some research for a client on what Frank Kern is doing in his Mass Control product launch and Yaro’s name came up.  I have since read dozens of posts on his blog.  When reading his informative posts on internet marketing, you get the feeling you are hearing from a friend–or at least I do.  Yaro also gives you inside looks at his business and how you can emulate his efforts to create your own online income.  Blog traffic post
Those 3 sites should keep you reading all weekend long with maybe the occasional potty break and power nap.  Enjoy.
Please leave comments on blogs you think are must reads!
~ Tim
Jan
16
Tim Ferriss and Tim Conley Conquer T.I.M. – Time, Income, Mobility
Category: Entrepreneur, Expat/Perpetual Traveler, Internet Marketing, Motivation, Tim Ferriss | Leave a Comment
Back in July 2007, Tim Ferriss and I met for the first time.  (I’ll use Tim in reference to Mr. Ferriss and I for myself in this post.)  Tim is friends with Joe Polish, who is my friend and mentor and business partner.  Joe was hosting a marketing mastermind group in Maui, Hawaii and both Tim and I attended.  Enough back story on where the picture came from.  Now on to what I have been calling T.I.M. – Time, Income, and Mobility. 
When it comes to lifestyle design, you really need to control the 3 key life factors (or the Holy Trinity of Lifestyle Design).  If you have T.I.M. properly balanced, you can lead a more fulfilled life.  I would even be as bold to say the most fulfilled life you can have.
Let me explain.  Time: many people today fill their lives with tons of activities that keep them busy.  Busy equals productive, right?  Hardly.  Busy means your important, right?  You’ve got to be kidding.  Your day should only consist of activities that are important to your fulfillment.  Even your work should be important.  This may sound utopian because we know there are tasks that are down right tedious.  Thankfully, if you measure your activities against what is important, you can offload tedium to others who can excel at those tasks.
Income: the money you earn shouldn’t be geographically limited.  Tim Ferriss’ income is an example.  He has a nutritional supplement company and his book royalties are both nongeographically-based income.  His nutrional supplement company I won’t say much about since Tim covers it very well in his book The Four Hour Workweek (if you haven’t read this book, what are you waiting for?).  With book royalties, the publisher takes care of distribution and most marketing.  You can write a book anywhere and the royalties can get deposited into any bank account in the world.
Mobility: being able to come and go as you please is highly dependent upon your source(s) of income (there should be several sources).  Your source can be geographically limited as long as you aren’t tied to it.  I have a small residential service company that I own and it requires few hours from me and most of those requirements I can do from a phone from anywhere.  I have a client who’s job is in San Jose, California, but she lives in Scottsdale, Arizona.  Her employer only requires her to come into the corporate offices for major meetings which tend to occur quarterly.
Having mobility also puts the responsibility on you of knowing where you want to go and what you want to do there.  A friend of mine who makes his living online moves from country to country with his family to learn languages and right now he is in Canada learning how to snowboard.
Bringing this all together, now.  1. Focus on activities that bring you fulfillment.  2. Develop an income that is nongeographically-based.  3. Know where you want to go and what you want to do with your time and income.
To design your lifestyle to its maximum, you must gain conquer your T.I.M.  The upcoming posts will focus more directly on Time, Income and Mobility and how you can control them.
~ Tim
Jan
14
I’m Back From Playing
Category: Uncategorized | Leave a Comment
Today, I finally got back to doing some work. I’ll write an E&F post later today or tomorrow. I have been busy today catching up on odds and ends since I haven’t really done much work since before Christmas.
I spent the last week celebrating my daughter’s birthday. It is kind of a family tradition to celebrate a birthday for three or more days instead of just the customary single day. Since we live in Phoenix, we went up to Flagstaff, Arizona to play in the snow. My daugher, wife and myself had a blast sledding, throwing snowballs and drinking hot chocolate with tiny marshmallows.
December and January, I don’t get much work done because of the holidays, my daughter’s birthday week and my birthday week is coming up, too. We will probably go back up to Flagstaff since we had so much fun. I think I’ll book snowboarding lessons for all of us. That should be a blast.
Got any exciting plans for the New Year? Post your comments to let us all know what you will do for fun this year.
~ Tim
PS. I have finally gotten my friend Michael to do a project with me. He has done very well on the Internet for the last several years and we are going to put out an ebook explaining what he did and how you can do it, too. Also, he spends his time traveling when he pleases. His story is perfect Tech Nomadish. More to come.  …
Dec
31
The Theory of Assumptions
Category: Motivation | Leave a Comment
I have been getting tons of “Make Resolutions,” “Planning the Next Year,” and “Goal Setting” emails in the last week and probably will get many more in through most of January.
Whenever I come face to face with common practices, I tend to be a bit contrarian.  I challenge assumptions.  Nearly everything we do is based on some assumption of what a past event meant.  This past event could be nearly anything such as parental or authority instruction, or an external phenomena that causes you mentally or physically react.  
As humans, we actively seek meaning for everything and then we want to categorize that meaning (ie. good/bad, plant/animal, effective/ineffective).   The huge problem we face is that our assumptions tend to be, well…wrong.
We have very imprecise and incomplete data going into our little meaning-generating brains constantly and our brain tries mightly to develop a rational explanation of that data by referencing past data, which had a meaning attached to it, too.  Most of our assumptions, though incomplete and imprecise, give us the ability to shortcut decisions.  This is very good when we are trying to hunt a deer for the tribe’s dinner or to quickly derive meaning from the actions of an unknown hunting party that is approaching.  Do they mean us harm or not?
Modern life is more complex in certain respects than hunter/gatherer life, but that is because we have used survival assumptions in a non-survival world.  By clinging to our assumptions about the stimuli in our environment, we create ever-increasing mental complexity to explain our world.
Back to my contrarian point-of-view.  If most people think that we should set goals for the year, make resolutions, etc because it is assumed it will be beneficial to us, then maybe they are wrong.  What if the original reason for making resolutions in the New Year no longer exists?  Assuming there was a beneficial reason in the first place, we have perpetuated a thought-practice that has little meaning for nearly everyone.
Most people end each year no better than the previous 12 months.  Actually most people end up worse off after a year has passed.  Their health hasn’t improved, they make less money when adjusted for government created inflation and, well, everyone is a year older or put another way one year closer to not living.
I am writing a special report on The Theory of Assumptions and how you can improve your entire life rapidly through a Socratic Challenge System.  I’ll be putting up a pre-notification opt-in form on this site soon so that when I am done with the report, you can have it for free.
Back to what you can do or not do about resolutions this year.  Without going into how all of our decisions are effected by our past assumptions and every aspect of life they cloud, you can first assume that a one year goal or resolution won’t work for you.
Removing something that doesn’t work from your life will simplify your life and provide a little less clutter in your head.  But how about inserting something that does work?  The only thing that works is testing.
For the first 3 months of 2008, test out this idea: short term project orientation for long term improvement.  Fancy, huh?  I just made that up.  It means, set a short time limit for each item you want to improve in your life. 
An example: lose 25 pounds.  Long term this means possibly living a healthier and longer life.  Short term project would be to lose  2.0833 pounds in 30 days or even 4.166 pounds.  That shouldn’t be too difficult, right?  It is definitely easier to accomplish than 25 pounds.  At the end of month one, you set about losing the next 2.0833 pounds.  You can even make the your projects shorter than a month, though you need to be realistic in that you will achieve less in your first week than in your fourth (theoretically) due to the time required to set up the project.
Now, maybe we should challenge the assumption that you should focus on losing weight.  Why not focus on being healthier, which weight loss would be a byproduct of?  This could be a more beneficial course if you have definite metrics to judge your progress such as increased muscle mass, lower cholesterol, or other health-related factors.
What about making more money?  Say you want $25,000 more income in 2008.  Again, we try to break the amount down into achievable chunks, which may not be measured in money (ie. $2,083/month), but the accomplishment of other tasks and projects such as learning a valuable skill or starting a side business.  Just for giggles, how about challenging the assumption of earning more.
As a hypothetical, you have a household income of $75,000.  Your goal is to have $25,000 more so that you can do what?  Have greater disposable income.  Let’s be generous and say that only 30% of your goal will get stolen in taxes.  You will actually increase your disposable income by $17,500.
Let’s also assume that to earn more you will need to work more either directly at your job or in learning a new skill.  So, now we will have less time in the New Year to have the $17,500 to spend. 
What if you rearranged your expenses instead?  Instead of spending money on consumable stuff that gives you pleasure of a few minutes, at best, you take that money and save it for something that has more purpose in your life such as that trip to Paris you have dreamt about or the downpayment on that new car you have been eyeing.
After rearranging your finances to meet what is important in your life you may find your only short $3,500 in disposable income needed or $5,000 pretax.   Making $5,000 can be a lot easier than $25,000.  Also, you will save future time.
I am not saying to not try to achieve big goals in life.  I have a purpose for my life, which is much bigger than I am as a person now, but I know if I focus on that very large purpose I can get overwhelmed by its vastness and complexity, but if I focus on the much smaller, achievable steps that are within my ability now, it will lead me in the direction of my life’s purpose.
All this will, hopefully, be made clear in my upcoming report on The Theory of Assumptions and I can then give you much more actionable ideas than I have expressed here.
See you next year.
~ Tim
Dec
29
E & F Series: Make $17,250 a Month, Work 5 Hours a Week While Sipping Out of a Coconut on a Beach
Category: Entrepreneur, Expat/Perpetual Traveler, Internet Marketing | Leave a Comment
If you are a bit like me, you enjoy chilling out on secluded beaches, drinking an ice cold beer and reading a riveting book.  Oh, and you don’t really want to spend 10 hours a day working five days a week, commuting an hour and a half through smog-infested, bumper-to-bumper traffic to be able to enjoy that beach time.
I came back from mountain biking just a few minutes ago and I was inspired to share a few thoughts about how you can create a lifestyle that you truly enjoy as opposed to one you tolerate–or even desperately hate.
If you are tolerating or hating your life, first thing you must get yourself to believe is that there is a better life for you out there.  I think you believe this or you wouldn’t be reading my rants.
Now let me get to the part about how you can make $17,250 a month while working from anywhere and doing it in only 5 hours each week.
Today I’m going to cover membership sites with a twist. 
A typcial membership site is one where people pay a monthly or annual subscription to get content they can’t easily get somewhere else.  The Wall Street Journal Online is an excellent example.  There are literally thousands of smaller membership sites in thousands of niche markets.
I won’t be going into detail on selecting a niche in this post, but I will say that you should choose a niche you are interested in or can become interested in.  The reason is a membership site is a long term commitment on your part even if only a few hours a week.  Having success you hate can be torture.  If you make a lot of money it is hard to walk away from it even if you are miserable.  I have met many people who became successful at something to find out they didn’t like doing what made them wealthy.
Just for giggles, let’s pretend we are going to set up a membership site for people who play Magic: The Gathering.  I bring this up because I just listened to an interview of a guy who had a membership site where he charged $9.95 a month to get access to new information.  (This guy actually went on to bigger and better things and walked away from this successful business he had created.)
The game, itself, isn’t that important for this discussion, but there is a lot to the niche.  There are new cards developed every 3 months by the parent company, Wizards of the Coast, there are professional and amateur tournaments and over 8,000,000 players.
This guy did several things to build his membership site, which closed in early 2006 so some techniques that I will recommend didn’t either exist back then or wouldn’t have been worth the effort.
1. He sold products on eBay and built a list of names, mailing addresses and email addresses.
2. He created basic how to succeed at the game information products.
3. He started a blog to be able to communicate personally with people on his list and with anyone who searched for more info on MTG.
4. He worked very hard at developing a relationship and personality through his free email newsletter.
5. He built tons of social proof through customer and reader testimonials.
After doing these things, he started the membership site and due to the size of his mailing list (approx. 15,000) and the trust he had built with his readers he quickly got several thousand members to join the site.
Now for you.  To hit $17, 250 per month in gross sales you will need  1734 members at $9.95 a month per subscriber.  I picked $17,250 because I want you to have at least $10,000 a month in income after your business expenses.  Your biggest expense will be from advertising and affiliates so that you keep more customers coming in to replace those who cancel their membership.
Now for the twist.  Instead of trying to get $17,250 from just membership fees, I suggest creating a monthly coaching call (another continuity program inside your main one) and developing additional information products that only members can get access to.  If you follow this approach you can hit the target income with significantly fewer customers and still charge a low membership fee.
For example: 500 members x $10 = $5000 per month.
100 members who join coaching program x $67 = $6700 per month
30 infoproduct sales per month x $185 = $5550 per month.
Total: $17,250 per month in gross income.
Getting 500 members is a lot easier than trying to get 3 times that many.  This mental exercise was designed to get you to believe that you can create this kind of income from a membership site.  Many people don’t get started on creating their perfect life because it seems so daunting.  I wanted to show you how to deconstruct someone else’s success into a form that you can achieve.
If you have questions or comments, please post them on the blog. 
This is probably going to be the last post of this year.
See you next year.
~ Tim
Dec
27
OQO – An Ultra Portable Computer That Might Be Worth A Damn
Category: Tech Review, Ultra Light | Leave a Comment
I have been checking out the OQO ultra mobilepc (UMPC) and thought I should tell you about it.  First off, I am highly considering getting one.  I have been using a smartphone for most of my mobile work, but it can be frustrating at times.  My main obsession with ultra small computing is I hate to lug around technology.
When I get my business life set up the way I want, I won’t carry any technology at all.  I might be dreaming on that one.
                                                                      
Ok, back to the OQO.  This thing is small, 5.6 x 3.3 x 1.0 inches (14.22 x 8.38 x 2.54 cm) and 1.2 pounds (0.544 kg).  I can stick this thing into a jacket pocket or carry it in my daypack.  No worries about being a target for theft because of carrying a laptop bag.  No one need know you are carrying a $2000 computer around the local bizarre.
This UMPC can’t handle heavy application use, but normal office work it does just fine especially considering the size savings you are getting.  Kane and I have been recommending to go small when running your Tech Nomadic businesses and this little computer just might be better than taking a smartphone.
Kane does a lot of talking on his smartphone since he works with a lot of people in Sri Lanka.  However, I find that I only get calls while traveling because I take my smartphone.  My friend Murray doesn’t have a phone.  He moves from country to country every four to six months and the only technology he carries is his laptop.  His businesses gross about $1 million a year. 
I can do all my necessary calls using skype, which the OQO can easily handle.  Also, I can use gotomypc to access my main computer back home if I really need to run some larger program, which I currently have no need to do.  However, it is nice to know I can if I needed to.  The larger screen, compared to my smartphone, is also attractive for surfing the net and dealing with my blog posts.
The biggest downside is spending just over $2,000 for a tiny computer that isn’t as powerful and versatile as a larger laptop.  But…the serious portability really has me jonesing to get one.  I’ll let you know if I do break down and buy it.
Check out this review at Laptop Magazine. http://www.laptopmag.com/Review/OQO-model-02.htm  This review is much more technical than what I would ever write so check it out to get the details.
~ Tim
Dec
16
Entrepreneurship & Freedom Pt 2: Service From Anywhere
Category: Entrepreneur, Expat/Perpetual Traveler, Internet Marketing | Leave a Comment
I like service businesses for two main reasons: they’re cheap and easy to start.  Most service businesses are geographically-based, meaning the service is provided by people to customers within the same locale.  The downside to a service business is providing the service.  It is essentially a trading hours for dollars system.
Other types of businesses that I’ll cover in different posts will be about doing the work once and getting paid multiple times.
I enjoy doing some types of service such as marketing consulting/coaching.  I get to exercise a lot of creativity in helping business owners/managers overcome business problems, especially when it is a lifestyle vs business conundrum.
If you want you can learn to start a service business that is local in nature, but I won’t cover them here.  So, with that said, let’s jump to what kinds of service businesses are nongeographic inherently and some old school services that can be nongeographic now that technology has made geography almost inconsequential.
Two of the hottest and fastest growing service businesses are virtual assistants (VA) and coaching (not sports-related).  VAs are in great demand because technology has finally caught up to the needs of people and businesses.  Not long ago, in a galaxy much like ours, companies had to keep all the employees together in the same building to make organizational communication efficient.  If a manager needed to tell department something, he wrote a memo and then had that memo copied by a secretary and then another person went around the building delivering the memo.
This doesn’t sound very effecient to us advanced people, but the alternative would have been worse.  What if the department staff worked from home.  The manager would have to have all the copies of the memo mailed or couriered to each person creating huge delays within the system.
Now as a VA, you could be sitting at a cafe in Paris completing work for a client who is in Boston.  Hell, you could be an expat doing work for other expats.  For most types of knowledge work, you don’t have to physically located anywhere.  What you need is an internet connection–a fast one preferrably (faster cuts down on the hassle factor of slow uploads/downloads).
I just read about a guy who took a long European vacation while running his business back in the States.  He even did a product launch while using a computer in an internet cafe in Paris.  He made enough money off that product launch to more than pay for his trip.  Product launches are much more difficult than doing some Excel spreadsheets.  If he can do a complete launch, you can easily assist any business in another country.
So what kinds of VA jobs exist?  Well, the term was originally meant for doing clerical work, which is very easy to outsource.  But now the term has grown to include being a webmaster, bookkeeper, accountant and even legal councel.  Note: being an accountant or attorney used to mean only having clients in the town you where both of you were.  Now, an attorney in Ottowa can easily have clients in Bangalore, Maine or India.
The easy, but nebulous answer to the types of jobs for VAs is anything that can be done on a computer and an internet connection is a job that can be done by a VA living anywhere in the world.  Many businesses actually prefer using VAs in India because of the time zone differences.  Assignments can be sent to India at the end of the workday in North or South America and can be in your email inbox the next morning when you arrive back to work.
A friend I had in the software world in Portland, Oregon, had software development going 24-hours a day without anyone working in the middle of the night by outsourcing software development to people in Europe and Asia as well as in New York.  Each crew passed along code to the next group all the way around the world–from one to the next.  He developed a new piece of software cheaper and faster than if he had hired the same number of people in Portland to get the work done.
Now for coaching and then we’ll call this post done.
I have met several “life” coaches and business coaches.  Hell, I am a marketing coach.  Essentially, someone hires a coach to provide insight and expertise that the client needs to have a happier life or eat better or to implement a business strategy.  I have even heard of people being education coaches (I think they used to be called tutors).  The best thing about coaching is that most of the coaches work over the phone.  I seldom meet face-to-face with a marketing client unless you count looking at each other through a webcam.
This business of coaching can be quite lucrative.  I think the cheapest coach I have run into was at $75 per hour with many at twice that.  A few of my life coach friends charge $250 per hour and have about 20 hours booked each week.  What’s that, $5000 a week?  Not bad for a part time gig, right?
Life coaching is essentially being a therapist-lite.  You deal with issues from a person that isn’t really screwed up.  If they are, you really need to refer them to a qualified therapist.  Most of the life coaches I have met focus on goal setting and being an accountability partner for the client–giving them gentle reminders on what they should be doing to achieve their stated objectives.
As for business coaching, it is consulting-lite.  Consultants typically get hired to come in and do a project where a coach just guides a client through the project.  Many of my marketing coaching clients hire me because they don’t know what they don’t know.  I essentially teach them new marketing strategies and then they or their employees implement them.
Hopefully, this has given you some ideas on creating a nongeographically-based income.
Until next time,
~Tim
PS. Check out my post at Tech Nomads’ sister site covering Sovereign Wealth Funds at www.dailyprosper.com.
Dec
10
Powering your Nomadic Technology
Category: Tech Review, Ultra Light | Leave a Comment
I’ve already discussed the essential nature of a multi-plug adapter or two and an all-purpose, multi-tip, charger device like the I-Go Everywhere here on the blog and in our e-book, The Tech-Nomad Lifestyle. While I am normally loathe to add more weight to my small travel kit, occasionally something comes along that I feel I just have to add. That happened this week.
A Solar charger for multiple devices. Yes. You read that right. Solar.
The Solio pictured with a Treo 650 for size comparison.
The creature is called Solio. It’s small (4.7 x 1.3 x 2.5in.). It’s portable (5.6 oz). It fans out into what look like fan blades (cool). It charges multiple devices from either the sun or a 110/220 power outlet. Like the I-Go Everywhere, it sports a bunch of removable tips which can accommodate nearly any phone, smartphone, digital camera, game-player, GPS, or mp3 player.
Most importantly though, if they don’t have the tip for your device, they do have a 12v car adapter socket. This was the selling point for me. I already have an I-Go and all the tips I need for it – why would I want to buy all those tips again? But in this one eloquent addition, I can connect my I-Go (tips and all) directly to the Solio. I can have the best of both worlds and road-test both chargers until I decide whether the Solio has the gumption to completely replace the I-Go for me.
At a glance though, it’s pretty impressive – the list of available tips seems to rival or even surpass those available from I-Go. It comes with a global wall charger capable of dealing with unusual wall sockets like those in New Zealand. It’s got a suction cup so you can stick it to a window. It takes about the same amount of time to charge your devices as their regular chargers would. It hold power internally for up to a year.
Did I mention that it can charge your device using the Sun? Folded up it’s slightly larger than the Treo 650 pictured above. In other words, it would fit in a coat pocket.
Granted, most of us don’t think we need a solar-powered device charger. Or do we? I can’t count the number of times in my life I have been traveling long-distance on a bus or train with no power sockets and a music player of some sort about to run out of juice completely. Just imagine if you had this little baby with you and it was day time – you just suction it to the bus window (or if you are already sitting in the sun, you lay it on your lap). If it was previously charged up (any time in the last year, even) you can even charge that .mp3 player at night on the train to points unknown in Eastern Europe.
How about this one? You are in the car and you forgot your 12v adapter for your phone which is running low. Solar energy to the rescue.
I’ll give a full performance review of the Solio once mine gets here in Sri Lanka – where it’s sunny most days. In the meantime, I should point out that at under 100 bucks, and at it’s current dimensions, it might make a dandy stocking stuffer if you are planning on going full-on Tech-Nomad.
~ Kane
Dec
6
I Finally Went Full Metal Gmail
Category: Tech Review | Leave a Comment
I have been advocating using online applications for over a year and a half to benefit one’s lifestyle.  However, I have a confession to make.  I’m not completely online. 
Today, though, I finally moved all my offline (pop) email to my Gmail account.  No more Outlook for me.  Unless I can find some immensely compelling reason to go back to it.
One Gmail account lets you manage up to 5 email addresses at a time.  I have used up my allotment already.  If I want to add more, I guess I’ll have to open another Gmail account.  Why not?  They’re free.
The reason I finally did what I should have done a long time ago is I read an article by a guy more old school than me and he had finally made the move.  The article is really good so go check it out at http://www.lewrockwell.com/tucker/tucker90.html and then I won’t have to actually write a review of Gmail.  You know, cuz I’m lazy.
I haven’t gone completely online yet, but I am close.  I just have to get out of the habit of using MS Word since it is just an icon click away.  Soon, though. 
~ Tim
 
Nov
26
Freedom & Entrepreneurship Series Pt 1
Category: Expat/Perpetual Traveler, Motivation | Leave a Comment
I’ve been an entrepreneur in the official sense of having a legal structure doing business in some industry or another for the last 13+ years–longer if you include deals and transactions as an individual, but not ongoing concerns.
There is less freedom from the government when you are a business owner unless you are willing to go on the grey or black markets.  Since I tend to post online about freedom issues, I figure the government will audit me eventually so I keep everything on the up and up.
If you run a black or grey market business, you can substantially increase your freedom from the government as long as you don’t get caught.  Your freedom and/or your money will be greatly curtailed afterward.  The risk to me is just not worth it when there are legal and ethical ways to increase your freedom and finances without incurring the wrath of your governmental masters.
The main freedom you do gain with entrepreneurship is personal.  You gain confidence that no matter the situation or location, you can figure out a way to make a living.  This means you can vote with your feet.  You can leave your country of origin for greener pastures.  Just learn about a new location, find out what it takes to open a business and move.
You can move intranationally or internationally.  If you have a business that is information based or service based (non-locally dependent), you can take your clients with you.
Many countries allow foreigners to set up businesses without taxation except on income earned inside that country.  US citizens have to jump through a lot of hoops to get tax exclusions, but can make life much more lucrative once those conditions are met.  As a US citizen, I would have to live overseas for 11 months out of the year and meet a couple of other residency criteria and then I would be exempt from taxes on my first $87,500 in 2007.
If you haven’t started a business or don’t have highly specialized skills, then starting a service business is one of the fastest ways to take control of your income creation and one of the lowest startup costs, too.
An internet-based business can be lucrative, but don’t think it will be less work than an offline business.
Next couple of “episodes” from me will talk about service businesses and then I’ll get into online businesses.  The F&E series will show up every two weeks so stay posted.
~ Tim
 
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  • About
The Tech Nomads are Tim Conley and Kane Gilmour, intrepid (and sometimes insipid) explorers and entrepreneurs.

We believe that there is a lot of money to be made in this world but if you don’t also have time to spend it and the freedom to travel, then you haven’t got very much after all.

We discuss techniques for conquering T.I.M. – Time, Income, and Mobility problems. You see our main focus is in teaching how to manage your Time, increase your Income and remove geographic limitations on your income so you gain Mobility.

We review cool gear and software that we think can help you design a lifestyle fit for a vagabond or as Lea Woodward termed Location Independent Professional.

Sometimes we just talk about our travels, tribulations and our triumphs. Hopefully, you’ll join us in those conversations. We truly want to get to know you, too.

So grab your bag of portable technology, open your mind to fresh ideas and come be nomadic with us.

 
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  • About

      The Tech Nomads are Tim Conley and Kane Gilmour, intrepid (and sometimes insipid) explorers and entrepreneurs.

      We believe that there is a lot of money to be made in this world but if you don’t also have time to spend it and the freedom to travel, then you haven’t got very much after all.

      We discuss techniques for conquering T.I.M. - Time, Income, and Mobility problems. You see our main focus is in teaching how to manage your Time, increase your Income and remove geographic limitations on your income so you gain Mobility.

      We review cool gear and software that we think can help you design a lifestyle fit for a vagabond or as Lea Woodward termed Location Independent Professional.

      Sometimes we just talk about our travels, tribulations and our triumphs. Hopefully, you’ll join us in those conversations. We truly want to get to know you, too.

      So grab your bag of portable technology, open your mind to fresh ideas and come be nomadic with us.