Showing posts with label entrepreneur. Show all posts
Showing posts with label entrepreneur. Show all posts

Sunday, April 14, 2013

The cost of living for the expat lifestyle

If you\’ve ever had the dream of trading in a life of abject slavery and 40-hour work weeks for one of continual travel where the world is your home, there is no time like the present to explore the lifestyle of the digital nomad. While most people will only ever see or experience the world through the television or a copy of National Geographic, location independent expats are out there in the world, using their Western salaries to enjoy a life of continual travel and adventure that sees them actually living the excitement that most people only ever watch on The Travel Channel.


The expat lifestyle is not anything new; it has existed for thousands of years in the form of people choosing to live in other countries. However, it is easier now in the 21st century than it has ever been before simply because the Internet has allowed for globalization on a level that was never previously available. When you can work via the Internet you can take your job anywhere you want to go, which means you can very literally be working while sipping mojitos on the beach in Mexico just as easily as you can be stuffed into a tiny cubicle while wearing a restrictive suit in a New York City office.


One of the best parts about living as a digital nomad is how accessible it is to everyone. You don\’t need a million dollars to enjoy a life of continual travel and early retirement. All you need is the tenacity to trade in your life of wage slavery for one of absolute freedom. Forget spending 40 years of your life in a cubicle environment where you are working for someone else\’s benefit. Instead, realize that the entire world is ripe with possibilities, and by choosing to explore them through a life of continual travel you will obtain the greatest levels of freedom available.


Consider this for a moment: the cost of living in New York City is around $30,000 a year for the average individual. This amount assumes a minimum level of creature comforts and amenities; in other words, you are living at the poverty level without any extra money to spend per month. If you look at Mexico City in comparison, expats are enjoying an upper middle-class lifestyle on merely $10,000 a year. That means they not only have more creature comforts than a person living in poverty in NYC, but they also have plenty of money every month to spend gratuitously.


The power of the digital nomad lifestyle is in the simple math. The median salary for American citizens is $36,000 a year before taxes, or around $30,000 a year after tax. If you live in a median cost of living city in the United States of America you can expect to spend your full $30,000 a year on the cost of living, which means you are never getting ahead and never putting any money in the savings. But when you choose to live in another city such as Mexico City like other expats around the world, you can actually put the lion\’s share of profit back into your bank account and see returns that are a minimum of $15,000 a year.


Food poisoning is something to watch out for on the digital nomad adventure. While you can generally enjoy the expat lifestyle without hazards, there are always exceptions to the rule.



The cost of living for the expat lifestyle

Friday, February 15, 2013

The Entrepreneur\"s Mindset

People who aren\’t entrepreneurs have a point of view of the world that is different from entrepreneurs. They need to be self-motivated and disciplined. Most importantly, they should develop the ability to recognize potential opportunities. The above are some examples of the traits a successful entrepreneur possesses. Finally, you need to cultivate an entrepreneur\’s mindset. This article will give you more details on how to achieve a successful entrepreneurial mindset.

Some people do not have an entrepreneurial spirit, a mindset that will allow them to accomplish this. Now let\’s look at what you need to become an entrepreneur, and how to develop the right mindset to maintain it.

Fear of failure is something that we\’ve all been warned against. None of us likes to fail, so this is a natural feeling to experience. It\’s perfectly normal for a new business owner to make mistakes with their new business. So you can see, it\’s imperative to not fear failure. Just regroup and keep moving forward once you\’ve made an error. Most mistakes aren\’t fatal to a business. With online businesses, especially, you can do testing of many things, such as your advertising. And there are other tactics you can employ that don\’t cost a lot of money. If something you tried didn\’t work, don\’t think of it as a failure. Just consider it as something you tried that didn\’t give you the desired results. If it didn\’t work, you don\’t quit, you simply try something else.

Never before has there been so much information available for people. This is good news for new entrepreneurs because anything they need to learn can easily be found and, for the most part, the information comes with no cost. Nevertheless, this is also an area where problems can arise. In order to eventually have a successful business, there comes a point where you have to take action. Realistically, you may never actually get your business going, but simply gather information and do research for years at a time. There\’s a balance to how much you need to research and learn, and when you actually put it into practice. You have to find that point. The way you can handle this is by learning a specific skill and then implementing it before you start learning something new. Mind movies will be a good tool to help you stay focused on what you have to do. Move past just studying to be an entrepreneur to actually becoming one.

You must not hesitate to take risks if you are an entrepreneur. Not being sure how things will play out when you start up a new business is normal. The prospect of the business failing is very real; nevertheless, you cannot be fearful of this and let it stop you. You don\’t want to go into a business, however, as if it was a gamble. It\’s important to take calculated risks – those based on research and information that you can trust. Entrepreneurs who don\’t succeed are those who are afraid to do anything until they are sure their acts will be successful. It will probably be necessary for you to try newer innovative techniques that could take you beyond what you are normally comfortable with.

To be a successful entrepreneur, you need to have patience, persistence and other qualities associated with running your own business. Unless you are one of the lucky few who strike it rich with your first effort, you will encounter problems and stumbling blocks along the way. Patience is a virtue that you will absolutely need in this business. You could go for weeks without a sale, which will require you to wait it out until something good comes your way. It\’s about moving forward at all times, and sticking to the game plan no matter what happens. Your strategy might have to be altered to some degree, and you may have to regroup, changing your direction as you pursue success. Being determined and persistent is an essential characteristic of an entrepreneur.

A successful entrepreneurial mindset consists of many different characteristics which are easy to identify. Even though we\’ve only talked about a few, you can easily find more by searching online. Nevertheless, if you are a new entrepreneur, you won\’t be able to incorporate all the characteristics quickly. By continuing to learn, and moving in the right direction, you will learn the right effective habits that make up a successful entrepreneur.

Heard of Mind Movies 2.1? This is a tool you can use to help you stay goal-oriented.


The Entrepreneur\"s Mindset

Sunday, February 10, 2013

Early retirement as an expat

The concept of an early retirement before the age of 65 is nothing more than pipe dream for most people. They would never even consider it to be a reality given the fact that it\’s just not the way things are done…at least not traditionally. The traditional way is to graduate high school and then spend your entire adult life working for someone else\’s benefit, working your way up a corporate ladder rung by rung over 40 years of your life, paying off school loans, car loans and a mortgage payment. The cold facts are that most adults in the U.S. won\’t see retirement until after 65 years of age because that\’s the way the system is designed to work.

But in the modern era there are more and more people beginning to wake up to the reality that waiting until you are 65 years or older to retire is nothing more than brainwashing. Not only can you have an early retirement, but you can enjoy it for a lot less than $500,000 or more, which is the amount most people think they need to have before they can comfortably stop working. As long as you are willing to trade a life of indentured servitude for one of international exploration as an expat you could retire early on as little as $35,000 in a variety of countries around the world.

It sounds like a myth to most people, but it\’s a reality that more and more expats are choosing to explore every year. A perfect example of such a place is Bulgaria, which joined the European Union in 2008. A quiet country on the eastern borders of Europe, the country has a low cost of living coupled with a rising medical tourism industry, several major cities and thousands of years of culture and history behind her. And while most Americans look at the country as something inferior, the reality is that Bulgaria is one of dozens of places you can choose for your early retirement.

The cost of living for most expats is around $8,000 a year for an upper middle-class type of life in countries like Bulgaria. And that doesn\’t just cover your basic needs; that includes your entertainment costs as well. And houses in these other countries only cost around $35,000 to $50,000 on average in most of the major cities, which means you can pay off your home in cash in just a few short years of working. Assuming you receive a Western salary of $35,000 a year against a cost of living that is less than $10,000, you can save $25,000 a year and come up with 50k in just two years. No 40+ years of mortgage payments; just a quick and easy early retirement.

This is the beauty of the expat existence, and it\’s the reason so many expats are choosing it rather than let their lives be defined by governments who want them to spend 40+ years working as a slave. When you can use the Internet to travel abroad and live anywhere you want you can see yourself retiring at a far younger age and at a far lesser cost than the $500,000 and 65 years of age that tradition tells you that you need.

The truth of the immersion travel lifestyle is that you can go anywhere and do anything. There are no limits to being a full time traveler when you can go anywhere in the world that you want and do anything that you want to do.


Early retirement as an expat

Saturday, January 26, 2013

Market America Inc - Can You Still Make Money?

Have you been considering joining Market America Inc. And have been proactively looking about for information on the company? You most likely spotted there are heaps of \”Market America Reviews\” when you performed a search. Has what you found about the company been troubling you? Is Market America a good company to become involved with?

One of many pleasant things about Market America is that it has been around since 1992. The company offers a variety of high quality products, focusing on the health and beauty product market. Their distribution system is Internet-based, and products are sold using a network of distributors. Their up to the minute facilities in Greensboro NC have shipped over 3,000,000 dollars-worth of product, and the company has international facilities in Australia, the East, and Canada which employ approximately five hundred folk in those areas.

Why all The Negative Market America Reviews?

When having a look at the positive financials off Market America Incorporated, it is obvious that some of these negative reviews are posted by disgruntled distributors who failed to earn income. Many of these supposed reviews are labeled in a negative fashion, but the titles of many of those sites are simply a hook to pique people\’s interest so they\’ll click thru. Whoever wrote these reviews quickly changes tack and goes on to assert that Market America Inc. Offers a program opportunity to improve peoples lives and financial situation, and of course there is a Market America banner or link that you can click which encourages you to join the writer\’s team.

With around two hundred thousand active distributors across the world you can see Market America Inc. Is a good company to join. With over $1 billion of retail commissions paid during the past, distributors have been paid over $2 billion in commissions over the life of the business. Of course, it does not mean that everybody who joins the chance becomes successful. As with any network marketing opportunity, what you get out of your business equals what you put in. So those few negative reviews that you do encounter online from failed Market America distributors, you can pay no heed to.

Like most network marketing opportunities, Market America Incorporated has a minimum monthly product purchase obligation in place to qualify your business to collect and receive commissions. To get a full share, you must purchase 200BV worth of the product. BV ( Business Volume ) is approximately 80 percent for every wholesale one dollar you spend. You can make a percentage on all retail product sold and also a commission for BV amassed by you and your team. The compensation plan is what is commonly called a binary plan where you build one team split up into 2 parts. You make royalties when certain volume wants are met.

Are you Prepared to Fully commit to Running your own Business?

Market America Inc. Is indeed a legit a successful company who offer evergreen products, with an easy compensation schedule with worldwide distribution. The proviso is that although this company\’s opportunity may look right for you and your folks, there are particular things you need to understand.

It doesn\’t matter what the sponsor tells you about Market America\’s opportunity, any network marketing business involves marketing not only product, but building a down line and presenting the opportunity to numerous others. If you do not go out and push the products, nobody makes any money. These products have to be marketed to the overall public. Unless you are successful, no-one will be interested in joining your business until you are actually capable of marketing it efficiently.

So this is the query, what are your plans for marketing, advertising and promoting your new business? Once you\’ve run right out of people you know to market the product to, what will you do next? Do you really have any marketing or sales experience? Have you any idea about how to market the company and its products effectively? Did you know ways to drive quality traffic to a web site? These are all basic questions you need to ask, because though Market America\’s opportunity may appear perfect, it may only be a success if you\’ve got the will to work at it.

See Robert Strong\’s blog to read more about this topic complete story And download his free video training


Market America Inc - Can You Still Make Money?