I am a real life Vagabonder. At 48 years old my wife and I sold everything and left the US on a one way ticket to Southeast Asia with only our backpacks. We have been on the road for 5 months now and have no plan of returning or stopping Ask me an...
In 2015 we were faced with an empty nest. Our 4 boys had grown up and left the house to start their own lives. We read Vagabonding by Rolf Potts and The 4 Hour Work Week by Tim Ferriss. Those two books created a paradigm shift for us and helped us realize that we did not need to wait for our Cancer years and hope that we had the ability and resources to travel as we always wanted to. We spent the next 2 1/2 years purging, paying off debt, and creating an income online that was not location dependent. http://letsvagabond.com/about/
EDIT: 7k was what was left after we paid off all of our consumer debt before we left. We had no home as we lost that in 2008. Based on The 4 Hour Work Week we decided that we would need to create an income of 2k per month to live to our desired comfort level. Some countries it would be more and some less, hence the average. Whe we left we were not quite there so we had to dip into that savings some as we continued to work to get to that 2k number. We are now at that number and are working on the savings and building additional streams of income that are more passive and take less effort. Writing a book. Amy already has and we are beginning to market that, a new drop shipping business and in the future yes, we hope to monetize our blog but it is not currently ready for that. Here is the break down on our income and it is all location independent as it allows us to move around as we desire. Teaching English 1200-1400 per month. this is based on about 15 hours a week. We can easily make 2k a month off of just this if Amy work more hours. Royaltees from a Moonshine we created and brought to market 300 - 500 per month. Consulting other startups and bootstrappers 0 - 500 per month. and reisduals from a network marketing company 300- 500 per month. We have basic health insurance that is designed for expats and people who live abroad and spend most of their time outside the US. We have term Life insurance that covers expenses associated with either of our deaths.
This decision was made 2 1/2 years ago with the blessing and encouragement of our children. It was then execution of the plan over the next 2 1/2 years to pay off all of our debt, free ourselves from our possessions and find a way to make money online.
I have tried to answer as many comments as I could. Some from My inbox and other here on the thread. I am sure it is easier to respond to an AMA that it is to run one! I have not dodged any questions I just may not have seen them all.