-
Step 1
Earn a passive income. By earning a passive income, you're able to continue to generate an income stream while you can be out traveling the world in any desired location. You can become financially independent by creating a product and selling it online (through an automated process, such as a membership website or an ebook). You can also make passive income through investments with the stock market, and part ownership in businesses as well - although a little more work is required when involved with a business.
-
Step 2
Start your own company. In the beginning, this will obviously take a lot of time, work and money - but if executed correctly, you may be able to have others working for you while you travel the world and sit back in financial independence.
-
Step 3
Start your own Online Business. Although it may not be totally passive, by working on the internet, you'd be able to work from any location in the world. Even if you need to meet and hold conferences, technology allows us to be location independent of where we need to be by means of teleconferencing and internet video chats, for example.
-
Step 4
Be smart with your money. This is a given that should be done no matter what your form on earning money is. To be financially free, you must be financially smart.
-
Step 5
Read about being financially and location independent. The absolute best book on the market about this type of lifestyle is called "The 4-Hour Work Week" by Tim Ferris. This is a MUST read, and a link to the book is located in the resources section below.
Comments
laptophobo said
on 11/4/2009 Great intro into the life of location-independent living.
I would like to announce (if it is not improper to here) that my nu nomad partner and I have, just this week, published a new book on location-independent living. It's called "the Nu Nomad." (Please see: http://www.nunomad.com/TNN). It think it compliments what you've been saying about working smarter (and being smarter about how you handle your money)to meet the new opportunities in life...like traveling the world, while still generating a healthy income.
leehan76 said
on 10/10/2009 Great article. Your smart passive income blog is great as well!
writerighter said
on 5/1/2009 Great article! I also enjoy your blog, which encouraged me to join eHow--thanks!!
felixthecat said
on 3/8/2009 Nice tips, a girl can dream :-)
russellcox said
on 2/19/2009 Thanks for the advice. Also, I like your passive income blog. Your articles about generating money by writing for ehow encouraged me to join.