Making Monies Online and Traveling the World?

Just started doing this - I'm in Thailand now - have the next year planned out with living in 4 more countries through next Dec.

I'm shooting to live in places for 3-6 months at a time, which will hopefully let me settle in and maintain some normalcy to my work.

If you're young, for sure get on it. Travel is an eye-opening experience that definitely makes you wiser. Just be open-minded.

I'm on my way to 30, but my fiance works with me and she likes traveling too, so we're in a great situation.

My advice, look for places where your money goes far - that's why Bangkok, Buenos Aires, Prague and Berlin are on my list for the next year
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Same here pretty much....

I don't even see it as travelling anymore really, it's just a way to build up a decent portfolio of websites while living in a tropical paradise for considerably less than I can do in the UK.

My girlfriend and I are earning pennies compared to when we were "living it up" in London before this, but our quality of life is a million times better.

England is going downhill rapidly anyway and I know when I go back at xmas, everything will be EXACTLY the same as it was when we left.

I'm just putting my income through as a self-employed individual at the moment but hopefully we're going to incorporate while we're back in England in the new year.
 


The majority of my money comes from AdSense at the moment but I'm constantly working on other sites and ideas too.

I used to worry about AdSense not being sustainable from all the people I would read about getting banned and the poor earnings, but I've come to the conclusion now that it's a mutually beneficial relationship.

When a friend needs someone to help them or I need a bit of extra cash, then we'll take on a bit of freelance work too.
 
I've considered living this lifestyle myself, but the truth is if you want to actually WORK, it doesn't matter where you are in the world, you'll still need to stay inside and WORK.

If you just want to work enough to get drunk every night in hostels, then it MIGHT work, but that gets old anyway.

For now I am sticking with short bursts of travel in between working. Also, who says you have to be young to travel? That doesn't make any sense.
 
NetMillion said:
If you just want to work enough to get drunk every night in hostels, then it MIGHT work, but that gets old anyway.
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Maaaaaan.... I love hostels' girls lol especially those that go wiiild after curfew :P

I don't what it is about hostels but it makes girls go wild after curfew :D

barcelona-hostel-girls.jpg


college-dorm-girl.jpg
 
avatar33 said:
Dude you're in the PERRRRFECT situation. I wish my girl would be on the same wavelength. Instead, all I hear all day is "Why are you still on that $//$%/$* Computer?!!"
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That's like taking sand to the beach. If you're young ditch the girlfriend when you travel 'cuz you'll regret like crazy all the amazing hotties you won't get a shot at in your travels.
 
I'm 20, and I want to have a nomad lifestyle :), I want to go somewhere in Asia (to some exotic country), not sure if Vietnam or Philippines... perhaps Thailand, i have heard that those countries are really really cheap, have tasty food and pretty girls ;)
 
I live in Thailand. It's cheaper than the U.S. but not much, especially since the U.S. dollar has tanked. You used to get 42 Thai baht to the dollar, now it's 29. Affiliate payments in dollars don't go so far anymore. On top of that there has been inflation, not crazy, but steady, which is to be expected I guess when the economy has been growing like 8% a year for quite a while.

So...really, really cheap? No, but still a pretty good value for most things.

Tasty food? Yep.

Pretty girls? You bet - although you can't make time with most of them unless you speak Thai - English is not widely spoken except in the tourist areas and the girls there are the "working" type.

Internet? Shitty unless you stay in Bangkok, which has pluses and minuses.

If I was a young guy setting out for Asia I would hit a lot of countries and try all the different flavors.
 
avatar33 said:
Explain.
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Firstly understand that citizenship and residency are 2 different things.

Tax is *usually* paid based on your residency(differs depending on citizenship). Eg, someone from Singapore goes to work in London as a resident of the UK, they cease paying tax in Singapore as a non-resident and their income will get taxed in the UK.

So say you makemoniesonline.com, and aren't a resident anywhere?
 
Problem for U.S. citizens is it doesn't matter where you make your money or if you are a resident of another country or even a resident of no country you still pay U.S. taxes. Even if you renounce your U.S. citizenship they still demand you pay taxes for 10 more years. Un-f'ing-believable, isn't it?
 
True, but a lot of people/businesses DO get around this...

I'm not an advocate of picking up and leaving your country just to avoid taxes, but if the the lifestyle suits you, it's a big bonus.

Lots of people on this forum are in their early-mid 20's, 10 years puts them into their early 30's. In the long term it may be worth it...

Anyways the whole US citizen tax thing has been discussed here a zillion times, lets leave all the tax talk
 
thuxen said:
Firstly understand that citizenship and residency are 2 different things.

Tax is *usually* paid based on your residency(differs depending on citizenship). Eg, someone from Singapore goes to work in London as a resident of the UK, they cease paying tax in Singapore as a non-resident and their income will get taxed in the UK.

So say you makemoniesonline.com, and aren't a resident anywhere?
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DrewClement said:
If you are canadian for example, you dont have to claim any tax that is made while you are living abroad.
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What if your business is registered in Canada & your business bank account is also in Canada?

I wish you were right but I'm not sure it's as simple as that... You can't be "living it up" in Thailand while using Canadian services and expect to owe nothing at the end of the year... that's my logical opinion, I'm no accountant, but I think you have to "break ties" with your home country if you don't want to owe anything...

Please tell me I'm wrong because I really wish I can go live in Bermuda and pay 4% tax there instead of paying 40% in CA! (without breaking ties with Canada of course)
 
avatar33 said:
What if your business is registered in Canada & your business bank account is also in Canada?

I wish you were right but I'm not sure it's as simple as that... You can't be "living it up" in Thailand while using Canadian services and expect to owe nothing at the end of the year... that's my logical opinion, I'm no accountant, but I think you have to "break ties" with your home country if you don't want to owe anything...

Please tell me I'm wrong because I really wish I can go live in Bermuda and pay 4% tax there instead of paying 40% in CA! (without breaking ties with Canada of course)
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You do realize there is a difference between personal income tax and company income tax? So you can go to outer space if you want, but if your company is reg'd in CA, bend over.

It is as simple as what I mentioned, but ultimately it is more complicated when you get into the details. More than anything, it is a commitment, not a 1 year no tax holiday. You will need to re-shuffle ALL your finances, most likely out of the country you are a citizen of.

This stuff has been covered a in the forums quite a bit, you should go read the other threads or do some more reading first...
 
I just turned 20 two months ago. Last summer I went all over Europe for 45 days with no clue where I was going. Went all by myself and spent about 10-15k, stay in hostels had the fucking best time of my life. Fucked a hot aussie too!!
 
Went all by myself
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props to you. Im thinking of doing this too (on my own) its the only realistic way its going to happen i suppose. I want to go for 3 months so its unlikely one of my friends is going to want to go at exact same time. C
 
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