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February

2017

How To Make Money And Travel

DIGITAL NOMAD

money and travel

money and travel

money and travel

money and travel

money and travel

make money and travel

make money and travel

make money and travel

Bonjour friends! Happy Wednesday! In anticipation of the WorldTowning launch (we are almost there folks) I will be sharing oldies, but goodies from the past several years of blogging.

I can’t wait to share our new adventure with you. If you want to get a jump on the WorldTowning launch you can sign up for our newsletter at the bottom of this post. Early newsletter subscribers will get a special pre-launch goodie. Let’s just say that there will be a drawing (after launch) that will involve time in a country outside the US. And those of you who sign up pre-launch get your name entered three extra times.

It is interesting to read this post from almost a year ago. Wow has our professional life changed.

Published March 7, 2016

Hola, friends. How was your weekend? Did you adventure or just hang tight at home and soak up the solitude? As most of you know, I had a surprise guest last week and into the weekend. It was so nice to play tourist and catch up with my friend Megan. She had to head back to Boston on Sunday morning. Since she left, I’ve been working my butt off in order to finish up my “to do” list and my final design project before I take off for Mexico on Wednesday. Life is good, but I do miss our little rascals. They’re currently in Florida enjoying both sets of grandparents.

Several weeks ago we did a guest post for Gone with the Wynns “Make Money and Travel series.” I thought I would share it here on my blog since we get asked this question quite often. It was written before I retired from career number 1, but you get the idea. The premise is that where there’s a will (not the hot Latino in this case) there is a way. We are not rich. We’re not trust fund kids. We’re just a family committed to a dream. It’s possible to make money and travel without being wealthy.

Describe your working situation and what line of work you are in?
Hello everyone. We are the Sueiro family, formerly from all over the US, but most recently from Cambridge, Massachusetts. We set out on a one-year adventure to Costa Rica in order to immerse our children in a rich culture and to spend copious amounts of time together. Well, long story short, we loved it. We had always fantasized about switching countries every year or two with our children, but we never thought it was theoretically possible. Finances were our biggest worry, money and travel did not seem hand in hand. But traveling without being financially independent is possible. We did it. It took a lot of blood, sweat, and tears (lots of tears), but the outcome has been a life we thought was only obtainable in our dreams or for the uber wealthy, which we are not. Today we are on our second year of travel and we currently call Quito, Ecuador home.

Since this is a post about making money and travel, let’s just jump right in. My husband Will and I both work online, but this was not always the case. We were once corporate employees engaging in the rat race day in and day out. I have been working remotely for over a decade as a graphic designer, but Will is brand new to this world. When our first child was born I attempted to negotiate an alternative work schedule at my corporate design job, but the company I was working for declined. They said that if they gave me this freedom, they’d have to give it anyone else who asked as well. That’s when I decided it was time to branch out on my own and create a work environment that would allow me to customize my day, but also spend time with my child and future children. Cucumber Design was born that day. It’s still going strong over 10 years later. Several years after opening Cucumber Design, we moved to Boston. At the time, I was petrified that I would lose all of my Los Angeles based clients because of the lack of face time. Instead, my first year in Boston was my busiest year to date! To be honest, it was busier than I preferred, considering that we’d added another child to the family. Work continued, the years passed by, and then one day we had this crazy idea to travel the world with our children. I was not a bit worried about my work because I had a pretty solid track record of retaining clients from another part of the globe, but Will was concerned to say the least. We are just over a year into this digital nomad, location-independent life and the work is still coming in. This career has been really good to me. It’s allowed me the flexibility I wanted to have while raising a family and living internationally. However, I will be officially retiring from as a graphic designer as of January 2016. I have other creative projects that I want to pursue and I’m unable to do this with my current workload. Since we’ve been able to lower our expenses by living outside the US, I have the opportunity to focus my professional aspirations elsewhere. In addition, I’ll be turning our real estate investing hobby into a full-time income stream, if all goes well. These are a few ways that we make money and travel.

My husband is the one with the more interesting story. Will, a CPA, was in Public Accounting for seven years and in corporate accounting for an additional seven years. This is not to mention his days working for cruise lines. He’s been pressed, groomed, and styled to enter the rat race for as far back as I can remember. When we made the decision to pursue this travel life on our own (without a lofty expat package) he was the first to freak out. How would he find work? Did his area of expertise require him to sit in a corporate office forever? Would we be able to eat? Of course, me being the eternal optimist, I assured him that he was smart, experienced, and capable. I knew that he had handfuls of contacts from decades in this industry and once they realized that they could lower their expenses by hiring him from off-site, he would be golden.

Will made the frightening decision to put in his notice almost two years ago. We took off on our adventure 15 months ago and I’m happy to report we can put food on the table, save for retirement, and pay our medical bills. I cannot pretend that the road from “resignation to now” has been bump free, but it has proved to be much more beneficial than we had ever imagined. Money and travel can go hand in hand if you play your cards right. Will found work online almost immediately after we landed in Costa Rica. It’s clearly not as much as he’d been making when we left the US, but we did not need as much considering we had lowered our expenses by almost 75%. As luck or hard work may have it (I tend to believe the latter) former colleagues called him after six months in Costa Rica and asked if he would be interested in working as a contractor with the freedom to work from a country of his choosing. Yippee! He now makes about the equivalent of what he made in the US. It’s not always ideal. The work is project based. He often has to travel to Asia for weeks at a time and frequently has conference calls at 2 am or 11pm. We now have to pay our own medical, we don’t have company profit-sharing, and of course if he is not working then he does not get paid. However, he works from home. We see him a lot, sometimes have lunch together and he can occasionally pick Largo up from school or work on Avalon’s schooling with her. It’s a win-win. The company does not have to pay benefits or worry about office space and we get to live the life we want. It’s a lot of work and there are some downsides, but we do have enough money and travel. This big risk has turned out to provide great rewards. I am grateful that we stepped outside our fear and took this plunge.

At what point did you realized that you could bring in enough income to continually fund a location independent lifestyle?
Both Will and I have been in the same lines of work for several decades now. And as I stated above, I am ready to branch out into other streams of income that I feel align more with my current professional goals.

It depends on who you ask. If you ask Will, he’ll say that we still have not realized that we can bring in enough income to continually fund a location independent lifestyle. We are both contractors and at any point we can lose clients and money. This is always in the back of Will’s mind. As for me, I see us doing it now and I believe we can continue to do it. If a client goes away, we’ll find another one. If an industry or career becomes obsolete, we’ll reinvent. I’m currently in the process of reinventing, due to burn out and other dreams I want to pursue. I know we can and will always make money, but the capacity at which this takes place in may vary. Plus, we always have the option to move to a less expensive country or simplify our life more. For me the question is not about when we realized we could fund this location independent lifestyle, but more about when we realized that we had to find ways to always fund this location independent lifestyle. When you change the way you view the process the options become limitless. This lifestyle really works for our family; therefore I will do whatever it takes (obviously within reason) to make money in order to continue to live it.

Has deciding to travel and work been a good decision for you?  Has it improved your quality of life, added more freedom to your life or has it all stayed the same?
Overwhelmingly, yes! The funny thing is that we truly loved our life in Cambridge, we loved our kids’ school, we loved our family and friends, but we felt a greater calling to travel and that is why we took off on this adventure.

Has it improved our life or added more freedom? It really depends on which day you ask us. Ha!

When we entertained this digital nomad, world traveling, and worldschooling lifestyle, we wanted to get the following out of it:

  • We wanted to spend enormous amounts of time with our childhood.
  • We valued education and we wanted all of us to learn through travel.
  • We wanted the kids to have an epic, out of the box childhood.
  • We wanted to expose them to real world experiences and people 
who lived different from us.
  • We wanted to invest in making memories and building relationships
 instead of buying stuff.

We have accomplished all of the above, plus we have grown a much stronger family bond of teamwork and consideration of each other’s feelings and emotions. We now have the time to take a 10-minute break from work in the middle of the day and entertain the big questions that these little people often have. Hands-down, our quality of life has improved. In regards to our freedom: some days we have a lot and on others we have none. We still need to work and keep our clients happy and sometimes that compromises our freedom, but overall, we feel like we are in the driver’s seat of our lives for the first time. We compromise some freedoms in order to get other freedoms. Some months are crazier work-wise than our life in the US and other months are much quieter, but in the end we are seeing the world with our kids and still able to make a living. We think it’s pretty darn cool.

How many hours do you put in a week and what does a typical workday look like for you?
I put in between 20-25 hours per week with my design work, but I also world school one child, manage our real estate and much more. Some weeks are 60 hours and others are zero. It varies depending on the project and the deadline. There is no typical workday in my life. Since I worldschool one child and the other is in a brick and mortar school here in Quito I juggle my work between their schedules and spend a lot of time working evenings and some weekends. I can often be seen working from coffee shops, outside classrooms, occasionally at home, in airports and once in a while from a bathroom. I have learned to be very flexible and ready to work under any conditions, hence the bathroom. It is not always ideal, my neck and back clearly suffer, but I am able to raise my children, be location independent and make money and travel the world. I have no complaints.

For Will, his hours are still intensive (between 45-60). His typical day revolves around the time zone his project is rolling out in. On most days, he aligns with an EST time zone work day, but he could also have a 2am or 11 pm call with Asia. When he travels, all bets are off, he works in pretty much every time zone.

We both have to be flexible with our vacations and our lunches. We have been known to skip lunch or eat at our desks more often than I care to mention. It is not ideal, but we don’t exactly live a conventional life. We are willing to make these sacrifices in order to have this life we once only dreamed of.

If you are willing to say, what is the average yearly salary for someone in your line of work?
Will makes a comfortable US salary and that is a very good thing because although we’ve lowered our daily expenses, we have had some  unexpected expenses this year. I make a not so comfortable US salary. You all know how art pays. But I’ve been happy in this career and you can’t put a dollar value on that. We don’t live the high life and we try to be fiscally conservative, but we do want to explore the area we are living in as well.

How long did it take you to start earning a comfortable/typical living for this line of work?
Comfortable is an arbitrary term. First of all, we do not need much to be comfortable. In fact, for what we are trying to teach our kids, we want to live like we’re barely scraping by. We are targeting a less comfortable lifestyle (without sacrificing health and safety). If you were to ask Will, comfortable means having 1 year’s expenses in the bank. We are nowhere close to that. In my opinion, we will probably never get there. I have ambitions of further investing in real estate, which will eat into the savings plan. It’ll pay out in the long run and we’re both prepared to take those risks.

What are the most essential pieces of equipment or programs you need for working while traveling?
I need my computer, the Adobe Creative Suite, and an internet connection. I don’t always need an internet connection, it depends on what part of a project I’m currently working on.

Will has a client provided laptop. He logs in via a VPN and therefore needs a reliable, secure, and fast internet connection. He always carries a wifi hotspot with him. Our handy little hotspot has bailed us out more than we can count.

If someone else out there wanted to get into the same line of work, what type of education would they need? College, trade school, nothing?
As a designer, an education is always a plus, but I know many designers who got their degrees in a field other than design, myself included. I do recommend art school or a heavy personal education in art, as well as some business classes. If you are going to run a small business it is always an advantage to have an idea of how this all works.

As for Will’s job, you would need a heavy background in accounting and finance with a college degree.

Who are your clients? Do you find them or do they find you and how? What is your rejection rate?
My clients are all over the US and a couple in Europe. My clients find me through referrals. This was not always the case. I used to do promotions, mailers, and cold calls. Once I hit a point where I was overloaded with work, I started working with referrals only. I have continued on this path for many years now. My clients are a combination of large corporations looking to outsource some of their in-house design work and start-ups. Over the years, my business has changed drastically. Several years ago I created a niche for myself in branding (which I love) and pretty much 90% of my work today is solely in branding. I have seen a greater rejection rate in the last year or so due to the ability to purchase a logo online for $99. Obviously I charge well over that. I bring a lot of experience, research, and much more to the table that cannot be offered for $99. Usually price is the issue with my start-up clients and that is where my rejection numbers are higher. The large corporations have the budgets and want to work with someone with experience. I would say that I get 7 out of 10 clients that I pitch. The 3% that I don’t get always try to get me to lower my price and sometimes I do if they are a start-up or non-profit I believe in. The referrals come to me so by the time I speak with the client they have usually looked at my website, know my work, have researched other designers and are ready to go. I don’t have to do a lot to get the work, but if I wanted to grow the business, I would have to come up with a strategy to solicit new customers. This is how I’ve made money and travel go hand in hand.

Will’s clients are former employers and colleagues. He has spent all of his professional life building his network. Will has always worked hard everywhere he’s been employed and he’s now leveraging his connections for work. His work ethic is second to none and I am glad to say that it’s paying off and allowing him to make money and travel.

What’s the best about working while traveling? Those things that make you think wow, I really am living the dream.
Our three favorite things about working while traveling are the flexibility to work from anywhere, the ability to set our own work hours (me more than Will) and the ability to make a US income while living in a lower cost of living country. It’s actually often cheaper to live internationally, which is one of the ways money and travel work together. As we have traveled about, our office has ranged from a rooftop deck overlooking the ocean to McDonald’s (sometimes you just have no choice).

What’s the worse about working while traveling? Any ways you’ve found to avoid or cope with this frustration?
Our three worst things about working while traveling are the following:

  1. Lack of flexibility. I know I mentioned this above as a favorite, but it deserves to be in both categories. Yes, we may be able to take off on a three-week hike in Peru during the slow work time, but we may have to work over Christmas because a client has a project rolling out. It is truly a double-edged sword, but one that we are willing to play with.
  2. Internet outages. Although it does not happen often, this is definitely the most frustrating for Will. Usually this is when we have to work while on vacations (yes, that still exists in our world). We have taken measures to ensure that any internet outage does not impact us more than momentarily with the internet hotspot, but it is mind-numbingly frustrating nevertheless.
  3. Computer issues and the lack of resources to fix them immediately. I can speak from personal experience when I say that this is a complete nightmare. I had my computer go crazy on me after three weeks into our new life in Costa Rica. There was no Apple store, just an authorized repair shop. I had told all my clients that it would be a seamless transition and bam! The solution is to always have a backup computer and to make sure all of your work is backed up daily, if not hourly.

If you could go back in time and give yourself advice about starting in this line of work, what would it be?
That is a great question. I think my advice would be to find a career that you love, but also to cultivate a passive stream of income as well. I have truly enjoyed being a graphic designer, but I have hit burn out at this point. I am now focusing my efforts on doing work I still love, but work that can generate a passive income as well. Start cultivating passive income at a very young age so if you want to take a year off (and not work) you have that flexibility.

As far a being in accounting, Will’s motto has always been to be an expert in areas no one else wants to, but where there is clearly a need. As much as this would be the description of every accountant in his opinion, he hears that there are depths within accounting that even the accountants do not want to enter. Have a skill that is needed and work hard at honing that skill.

What is one of the most creative ways you’ve heard of someone else funding a location independent lifestyle? The one that made you wish you had thought of it first!
Since we are a traveling family we come in contact with other creative traveling families all the time. I have heard of many interesting ways that people have figured out how to fund their independent lifestyles. I guess my favorite would be buying a boat and then chartering it on weeklong trips with other families. It is not a new concept and clearly something anyone can do. I love the idea of inviting people into our floating home, feeding them delicious meals and taking them on adventures all while making money. Someday.

Questions? Feel free to PM me. I love chatting about travel and work.

Besos,
Jessica

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