– Okay, so today what I wanna talk about is some of the things I did, in order to get prepared, to move abroad and live a fulltime digital nomad lifestyle.
In my last video, I talked aboutdoing a test run in Taiwan.
In the first time, Igot a sense of the city, the culture, and a little bitabout the pricing of things.
Then the second time I wentI was a bit more prepared, and that was a financial run test.
So for that financial runtest it gave me an idea of how much it would actually cost to live for a whole month just for rent, food, transportation, and anything extra likeentertainment or whatever.
After that successful run I came back.
And then I was thinking to myself, “Well since I got thenumbers from this run, “how much would I need to live there “for a longer period of time?” So this next run was going to be between three to six months.
And so I had budgeted forexactly three to six months.
Now that sounds kind of weird, but you know sometimes youbudget for three months, and then the money onlylasts for one month.
Sometimes you budget for six months, the money will only last for three months.
Sometimes a wrench getsthrown in the plan, and sometimes there's unexpected costs.
So you always have to prepare for extra in case you know those situations happen, which they did happen a few times.
And so since I did abudget for six months, that gave me more time in order to get through those situations, self-correct, and then make more money in order to you know prolongmy time living abroad.
So let's talk about someof the things that I did.
One of the things I didbefore moving was I cut costs.
So at the time I was living in Vegas, and I was roommating with my friend building a few businesses, online businesses.
And in order to make things faster you know it's easier to roommate, 'cause that way if you need to have a discussion about something, or want something really fast, you can just you know go to the next room and you know say, “Hey, you know this is what I'm thinking “about for this part of the business.
“Or, just you knowmarketing strategy we have, ” and then execute really fast.
And at the same time, I did have a remote job, and I had a part-time job teaching at a local private school in my hometown.
Just teaching web design, Saturdays and Sundays, you know part-time.
And then my remote job was working Monday through Fridays, full-time.
Plus we had an online business, which was a Shopify shop.
And then I moved from Vegasback to my hometown in New York, moved back in with my parents.
And so before moving, I had to do a bunch of things.
When you live in California, you live in Vegas, you need a car.
So one of the things that I did is I cut out the car.
I went to the car dealership, I sold them my car.
I had the car for like what? Three or four years.
I only put in like seven grand to it.
So I got you know mymoney's worth on that.
New York is not car friendly and parking's very expensive.
I also cut out rent, right, and utilities.
And then my phone service, when I got back to my hometown I had Sprint phoneservice still, I cut it.
'Cause like all the taxes they kept adding was just too much.
Plus since it was Sprint, their network is not compatible with the network in Asia, and then (cut) internet.
And then Amazon Prime, Netflix, since we were sharing costs, everything I'm telling you now is 50%.
The cost for rent and utilities was $765.
And then the next cost I had was I had a car, because to live inCalifornia, to live in Vegas, you need a car to drive around.
And so I had a loan for a Jeep, that was $200 a month.
See fuel costs, $100 a month.
And then car insurance, $67 a month, full coverage.
And then I had Sprint as my phone service, so every month after taxes, came out to be about $60 a month.
And then internet, I was paying only half, so that was $35 a month.
And then Amazon Prime, Netflix, roughly around $20 a month.
So by cutting all these things out I saved you know $1, 247 a month.
And that helped to buildup the fund of savings, so that I can go live abroadfor a long period of time.
Before moving to Taiwan, I had to apply for asix month student visa.
Because the plan was Iwanted to study Chinese to get closer to my Chinese roots, and then you know talkto my dad in Chinese.
And so that was the whole reason, well one of the reasons, for choosing Taiwan, was you know for the wholelanguage immersion thing.
And so that's what I did, applied for the visa, I got the visa.
And then you know I soldoff a bunch of things, saved money, and then moved.
Yeah, initially it was onlygonna be three to six months.
But then it ended up turninginto one year, two years.
And then now we're like on the what, third to fourth year? So it's been a journey.
I've been back to the U.
about two times since then, just to visit family.
All right so hopefullythis gives you some insight into what you should do, in order to prepare yourfinancial situation, before moving abroad, and trying to live a morelocation independent lifestyle.
So until next time, peace.
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