(BarefootJournal.com) Location Independence: 8 Factors to Consider when Choosing where to Go Edit


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Fire Your Boss, Sell Your Car, Travel the World
The Barefoot Journal guide to Location Independence

travel, wanderlust, digital nomad, vagabonding, travel hacking, location independent, location independence, location independent lifestyle, traveling, travelling, barefoot journal

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(BarefootJournal.com) Location Independence: 8 Factors to Consider when Choosing where to Go Edit

  1. 1. barefootjournal.com http://www.barefootjournal.com/location-independence-8-factors-to-consider-when-choosing-where-to-go/ barefootgb Location Independence: 8 Factors to Consider when Choosing where to Go View of Sky Tree from Asakusa Dori, Tokyo Download the Shareable PDF version of this article: Download 1) Arbitrage opportunities Whenever we think about the next chapter in our adventure, the first question is always, “How much arbitrage opportunity exists?”
  2. 2. If you set your work and business up in a way that you can source your income from different markets, you can leverage arbitrage. There are many places to live that are cheaper than what you’re used to. The challenge is changing where you live, not where you work. If you were earning in San Francisco but living in Spain, you would be leverage arbitrage. You could be living a luxurious life on a small income. A question to ask is, “How much will $1,000 last here?” $1,000 is less than a week in London or Oslo. $1,000 is 2-3 weeks in Istanbul, Turkey and up to 2 months in Chennai, India. Check out the Ultimate Travel Cheat Sheet for more information on cost of living 2) Accommodation Quality and availability of accommodation is a major factor in your travel experience. In markets with little competition, landlords overcharge and under-service their properties. In competitive AirBnB markets, you can get some real bargains. Consider that in Singapore you’re paying $220 a night for a decent 2 bed AirBnB apartment. That won’t include much more than the 2 rooms. By comparison, next door in Kuala Lumpur you can find bigger apartments for $120 a night. If you want to go even further, you can find a luxurious paid in Hanoi for just $40 a night. 3) Internet Connectivity Internet is your lifeline for long term travel, especially if you are working remotely or running a Location Independent Business. The best connections aren’t where you think they will be. Sure, Asia leads with Hong Kong offering an average 83MBps per connection. But It’s cities like Bucharest in Romania that stand out as unique. The average Romanian internet connection is 56MBps, higher than the American equivalent of 25MBps. Some countries are slow. New Zealand for example offers an average of 20 MBps, South Africa 6MBps and the Philippines just 3! 4) Ease and Cost of Flights Some parts of the world are just expensive to get to. Cost often has little to do with how far these places are away. Almost always, a lack of competition allows national carriers to charge extortionate fees. South America and Africa are expensive to travel to with a limited number of routes available. By contrast, cheap travel hubs should feature in your travel plans because they give you easy access to other cities in your itinerary. There are many cheap flight hubs in Europe and Asia. Kuala Lumpur, Singapore, Ho Chi Minh, London, Istanbul, Oslo and Amsterdam all offer a wide range of cheap flight options. Using cheap travel hubs allows you to build cheap Round the World tickets. Don’t go buy a group RTW ticket (e.g. One World etc) or those packaged by travel agents. With the right tools you can tailor-make one yourself for a fraction of the cost.
  3. 3. Mainstream planners offer tickets in the region of $4-6,000. I have built my own RTW itineraries for less than $2,000. Download the EBook PDF download | Amazon.com | Amazon.co.uk | Amazon.de More Tips for Travelers Random food highlights from life on the road Comparison of Annual Sunshine Hours Where to Live? (More Visa Options for Entrepeneurs) 6 Travel Booking Tricks To Save Money on Your Air Ticket Kayak unwraps the best and worst times to travel this holiday season 5) Visas We often overlook the importance of visa planning. When most people only know short vacations, visas aren’t an issue. But long term travel requires careful planning. If you plan to stay anywhere long term you will have to be mindful of the visa rules. Visa rules are never uniform. Opportunities exist. Working Holiday visas are an excellent opportunity for younger travelers. University students aged under 25 can spend 6 months in Singapore. Under 30s 12 month in Australia. Canadians under 35 can stay in Costa Rica for a year. And various country citizens under 35 can stay in France for a year. These are just a handful of examples. There are many types of visas available – from Working Holiday to Work Permits to Entrepreneur Visas. 6) Weather Weather is an important factor in determining lifestyle options. If it’s cold and damp in your destination you’d better enjoy sitting indoors reading a book. But, I guess like most people you seek the good life – warmth and sunshine. Most weather information available online provides daily hi/lo temperatures. But simple hi/lo can be quite deceptive. One of the most important indicators of climate pleasantness is sunshine hours. LA for example gets 3,200 sunshine hours a year. Cape Town 3,000. Madrid 2,800. Year round sunshine. At the other end of the scale Stockholm gets 1,500 and London 1,400. There are many factors beyond hi/lo that shape the weather. The number of rainy days (rather than the amount of rain). Wind and wind chill. Daily and seasonal variation of weather. 7) Food and Culture Food and Culture should be the reason why we travel. We live to eat, not vice-versa. By eating locally you can literally taste the culture. Eating out varies in price by city.
  4. 4. Oslo is one of the most expensive cities to eat out in. Expect to pay $30 a head for a standard, “inexpensive” lunch. New York you’re paying $15. Hong Kong, although expensive to rent in costs $10. If you want real bargains go to Bangkok ($4) and Goa ($2)! 8) Health and Safety Health and Safety isn’t a reason why you should go somewhere but it’s a reason enough to put you off, especially if you stay long term. You may be able to get away with risky locations for a few days, weeks even. But, for longer stays you are exposing yourself to risks you may not be familiar with. There are two diseases to pay particular attention to in your travels – Malaria and Dengue Fever. Singapore and Kuala Lumpur are two good examples. While sophisticated modern cities, they are hot spots for Dengue Fever, a disease which has no known cure. Both have their own government prevention programs. I have highlighted them because it indicates how clean, developed may lull you into a false sense of security. Similarly, it’s worth knowing where the Malaria hotspots are. Preventative medicine has a limited effect and this disease is one of the biggest killers n the world These diseases impact travelers too. Unlike tourists they tend to take more risks, become blase and forget about the risks. Big mistake. This isn’t a vacation. Stay informed. Know the risks. Fire Your Boss, Sell Your Car, Travel The World It’s better to see something once than to hear about it a thousand times Why Island Living will Change Your Life The secret to being wrong isn’t to avoid being wrong To live is to travel You were born with wings, why prefer to crawl through life?― Rumi If you enjoyed this post, get more insights and Barefoot tips by clicking LIKE on The Barefoot Journal Facebook Page