Good idea: don’t just focus on adding more positives, look to reduce negatives. Such as gambling, boozing, stress.
Need to consider multiple income streams. Ideas for freelance work include;
Who pays writers, Problogger.com/jobs, Upwork, LinkedIn jobs or maybe Seek, Flex jobs, Freelance writers den, Solid Gigs, working in content.
Ok so this is what I had done some research on ages ago when I first put together the draft of this post. The top line is a key one - need to cut down on frivolous spending for sure. But the next? Well if I was younger I might consider it. Also if I was "close" to being financially free I could consider these kinds of things to supplement my income. Actually I think that's the key now I think of it. I had been thinking I need about $2.5 million in order for me to retire. If the Vietnam / SEA thing comes off again then that might work in 10 years. Retiring at 60 would be an achievement I think, but to be honest, I want to look at retiring earlier than that even. I guess the challenge will be while the kids are still dependants and at school.
In the meantime, if I am to go back to Asia, I need to think about where to keep my money. Sending it back here is probably ok, although remembering my tax audit of a few years ago is not fun. Plus I have numerous assets here now, so I don't know if sending a lot of money back to Oz would be a potential tax issue. So today I Googled it. Of course there are myriad opinions and options on the net, but a site called Nomad Capitalist popped up. I have seen content from them before, and believe them to be reputable and clever. So here is an option:
This is likely not a Day #1 option, due to the minimum investment. But once I have got to $350k offshore, it well could be. And I like Singapore as a base for it as it will be secure.
Another thing the blog post I read spoke about was fintech. That being modern online financial solutions. I have looked at a couple of these when they pop up in FB feed for instance, but they all seem to come with plenty of consumer warnings.
"go where you're treated best" That's a philosophy I can deal with. I like what these people talk about. I guess it isn't as simple as that though, as I am likely to be very reluctant to go to a country that my kids don't live in. Yes you can't live for others I know, but they are central to my world. We'll just have to see.
Another development here is Kuan. He runs a channel on YT about Aussie retirement, focussing very much on Superannuation. I certainly learned a lot from him, including that I can retire and access Super at 60 - I don't have to wait to 67! He also gives good understand of tax on super and in retirement, and has me thinking about salary sacrificing more. With his guidance, I am getting closer to knowing what I need to know and what I need to have, in order to make this early retirement happen. 60 is now very much the goal.
Continue to watch this space.
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