Its official…I am hooked on Tim Ferriss’ philosophies and knowledge. I just read up on using mini-retirements (4+ week vacations) to balance work as well as potentially save you money.
- A sabbatical is a one-time event. Mini-retirements are meant to recur throughout a lifetime.
- A vacation is short, and often involves a tourist lifestyle with little immersion in a new way of life. A mini-retirement is long (one to six months), and allows one to fully participate in his new environment.
Here is how it works:
Tim
When you recognize that the costs of travel are mostly transportation and housing costs, and that you can rent a posh apartment for three to four weeks for the same price as staying in a mediocre hotel for four days, things start to get very, very interesting. You need to amortize the transportation and housing costs over the period of time that you’re in this specific location. So I saved $32,000.
There are some very interesting instances and quite simple approaches for actually making money — and let’s just look at making and saving as essentially the same thing, improving the balance. You can actually improve your financial balance by taking mini-retirements…\
Read the article here
So the goal now becomes to find a way to automate as much of a business as possible, and be able to “plug into it” remotely when you are needed to step in. Thus you can be on a mini-retirement in Punta Cana, saving money by spending next to nothing on living expenses, while still running a income generating business via laptop and cell phone.
I like where this is going. Here is a video of Tim taking a last second mini-retirement and his cheap digs:
As per your request, here is the link to the blog about Location Independent Living
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