Who are you?

A guy who woke up one day and said: 'F**k it'.
I decided to move to Thailand and dedicate myself to creating a sustainable location independent income through internet marketing and other online means. This will enable me to work, rest and play where ever I choose.

And why should I care?

Because you’ll be able to live vicariously through my experiences as I put it all on the line to live the dream. I promise to give the full details on what it’s really like to make the shift. The full blood, sweat, tears and laughter. In return you get to give me lots of encouragement and support!

Archive: September 2009

Get rich or smile trying

Dollar Bill

It might not seem obvious from the look of this web-site (photos of me sitting on a beach in stead of in front of a computer) but the whole reason I’m going to Thailand is actually to do work. In fact I intend to be more productive than I have ever been before. Initially I want to spend at least 6 hours a day in a productive flow state (See ‘Flow’ by Mihály Csíkszentmihályi). Of course I will work as long and hard as it takes to reach my goals but initially I want to set up good working habits and concentrate on making sure I’m working as efficiently and productively as possible. Being in a place where I won’t be doing any cooking, cleaning or commuting will free up my mental energy so that I can get into the right productive state.

Plenty of people say that it’s wiser to build up an income next to your day job before you quit. It’s the sensible thing to do but the way things are going now I’m finding it really difficult to make much progress. Between waking up and coming home from work a total 13 hours have passed. Although I do a little bit work on my projects each day I find it hard to get into a proper groove. It would be great to be able to spend a whole morning working on one task making sure I do it properly rather than spending 15 minutes figuring out what I was trying to do the night before, another 15 searching the internet for advice on what I want to do, then 15 on the actual task. I’m going to take a different approach to work and productivity than I usually do and intend to install lasting habits.

At the moment there are 2 projects that I’m working on. The first follows the ‘Affiliate –Reviews’ model where I provide products information and reviews and receive a commission on any sales made through the site. I’ve made a few hundred dollars with the site and want to generate enough traffic to earn $50 a day. The other project is a simple landing / squeeze page in which I offer a free MP3 in exchange for the visitors e-mail address. Eventually I would like to create my own product for the list subscribers and would like to do a joint venture with other people in order to quickly grow the size of the list.

Other options for making money more quickly include assisting my friends with their projects, writing and translating jobs or specific kinds of remote coaching.

What do you think of my intention to throw myself into this full time before having set up a full time income? What kind of income generating models are you looking at?

How I came to my decision: The rational version

Thinking

I had been living in London for a year when the economic problems started to hit mainstream consciousness in the Autumn of 2008. I was shocked, not at what was happening with banks, stock-markets and house prices, but rather that so many people were acting surprised. Most ‘experts’, journalists and politicians were saying the same thing: ‘No one saw it coming’. Now the scope of this blog isn’t economics so I won’t go into details, but the basic fact is that many people had been warning for years that you couldn’t build an economy on the idea of never ending house price rises, mountains of debt and trade deficits.

I guess I had always thought of myself as slightly anti-authoritarian, clued up on how the world really works (not what you’re taught in school or on TV) and quick to question those that presume to be experts and to know what is best for other people. But it turns out I was still quite naïve and that a part of me still put too much trust in the opinions of others. The last remnants of this naivety was blown out of the water by the sheer incompetence and idiocy displayed by media, politicians, economists and other self-proclaimed experts (although I’m sure a good portion of them knew exactly what was going on and just chose to ignore it for their own short term gain).

So what do you do in the face of what might be the 3rd Great Depression of the industrial age and the precursor to resource wars, WWIII, and a full on Mad-Max scenario? Curl up in a ball and start crying? Roam the streets with a sign saying ‘The end is nigh’, warning people of the doom awaiting us all? These and other options were tempting to say the least.

However ignoring my emotional-monkey-brain’s flight or fight response momentarily, and looking back at history, I realised that despite how bad things may seem now, we (in the developed world at least) are still living the best life humans have ever had. For most humans in history life was a 30 to 50 year struggle where all they thought about was where their next meal was coming from and how they could avoid being killed in some horrible war or by some lethal disease.

Whereas in the last depression people went hungry this time round they will probably have to do without buying a new iPod or new car this year. And if we do have something like the last depression, wars, and we start competing against each other for food and water in a post-apocalyptic nightmare then there’s nothing much I can do about it right now and I should stop worrying about it.

So lets just assume that the current economic climate is going to cause hardship for many, the balance of economic power will shift to Asia but other than that things will continue on fairly normally. Could the western currencies be devalued and thus derail my plan? It could happen, but if it does I won’t be any better of having stuck around here.

So assuming the non-apocalypse scenario will transpire I went through the following thought process.

1. I will die. No one cares what I get up to and it won’t matter because we’re just a bunch of slightly-more-advanced-monkeys hanging out on a rock on the edge of the galaxy. This is the existential argument to do whatever I want to do.

2. I decided that I’ll do lots of fun things or work towards maximizing my ability to do fun things, this means having maximum control over how I spend my time and where I spend it.

3. If research has shown that the law of diminishing returns applies to the relationship between happiness and how much money you earn, and I am already above the threshold for which that law applies, then there is no point in working to earn more money and I should in stead focus on how I earn an income. In addition, the way that pensions are supposedly provided for (based on the idea that a shrinking working class should support a growing retired class or betting on continual growth in the stock market) is unsustainable. I should operate from the assumption that either I work till I die or I save and invest enough for myself to live on.

4. Since I might work till I die I might as well do something I enjoy or choose something where I can spend a minimal amount of time earning an income. I have several friends that make their income online which potentially maximises the control they have over their time and location. These friends can serve as mentors and teachers.

5. Since I have little to lose and a lot to gain I should be engaging in (relatively) high risk, high reward behaviour. Play to win big, not to lose what little I have or perceive to have. This applies to every aspect of life. It puts me in the category of a Diversity Generator as opposed to a Conformity Enforcer (See ‘Global Brain’ by Howard Bloom), which is a good category to be in for my personal life as well.

6. In the worst case scenario, I ‘fail’, learn a lot and grow as a person. I come back to Europe and get a job, I start working as an English teacher in China or go work for multi-nationals in the Czech Republic. I could do all kinds of things.

7. If things do continue to detoriorate economically speaking (as a lot of people I respect think it will) then I will at least have had a good time before it all goes down.

So this is the rationale for choosing to go to South East Asia for a while to work on my online income. South East Asia is cheap and currently I can take advantage of strong UK, US and EU currencies (Not guaranteed for ever I know). I’ll be able to direct 100% of my focus on working for myself. I won’t have to worry about shopping for groceries, commuting to work or dealing with strikes. I’ve already been to South East Asia so I know what to expect and won’t be a distracted tourist.

So there it is, an entirely logical plan. Or maybe just dumb rationalizations covering up a decision already made on an emotional level. What do you think?

I booked my ticket: Commitment and Consistency

Leaving on a jet plane

I booked my ticket to Malaysia the other day (from there I’ll be travelling to one of the islands in Thailand). This means I really have to go through with my crazy plan and will have to get myself organized in order to be ready for my flight on the 18th of November. Doh!

But seriously, that’s a good thing. Doing it reminded me of the commitment and consistency principle I sometimes use. I think I first heard about this principle in Robert Cialdini’s book ‘Influence’. It goes as follows: “If people commit, orally or in writing, to an idea or goal, they are more likely to honor that commitment”.

I think this principle works because on one hand people don’t want to suffer embarrassment for not following through on what they say they will do, and on the other because people have a hard time acting in a way that they consider contradictory to their identity or personality. I think I’m correct in saying cognitive dissonance plays a role as well.

In the past I’ve used this concept to push myself to go on my last world trip, to go sky diving, bungy jumping, learn how to scuba dive and get on stage to play music in front of a crowd. All this, and more, despite being quite scared at the time. It’s such a great tool on so many levels. It forces you to really think about what you want to do, whether you are willing to stand behind your decision, how you’ll go about doing it and how you’ll communicate it to other people. Then you get  the benefit of social pressure pushing you along so that you don’t have to suffer being made fun of or thought of as weak.

So here’s a 3 step action plan to use the commitment and consistency principle.

1. Decide what you want to do.

Now you really need to be clear about what you want for yourself. Not for your teachers, parents, friends or society at large.  It sucks when you publicly commit to something that you don’t really want for yourself, you’ll feel resentment and it will drain you. In contrast it will be awesomely powerful when it’s a completely authentic personal decision as it will make you feel energized, powerful and alive.

2. Tell people about it.

You can do this in person or set up something public; like a website, blog or a note on Facebook. You might feel embarassed about your goal, dream or vision, because your really putting yourself out there and if they reject your plan then it will feel like they are rejecting you.

But don’t worry because it turns out that most people are more worried about what you think of them than whether your plan will really work. They may feign shock and incredulity. They may make fun of your dream or point out the flaws of your plan, but an hour later they’ll have forgotten about you and will have gone back to wondering what they are going to cook for dinner later and how they can best go about asking out Sally from the marketing department.

3. Go and do what you said you would do.

Because if you don’t you’ll feel like a loser, people will point and laugh at you and nobody will want to be your friend.

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You should follow me on Twitter @NomadicNeil

  • Today: Finding some affiliates for my friends new e-book. Later doing some recordings for my own product. 1 month ago
  • It's been quiet on the island recently. Good opportunity to do lots of work. No wonder I still don't have a tan. I'm always inside! 1 month ago
  • I've been really busy working on my projects, but I'll do my best to write a new blog post soon. 1 month ago
  • Where do your left-overs go?: http://www.youtube.com/watch?v=MGNmvNIgqlY 1 month ago
  • Today: Breakfast by the beach, work all day, still no suntan :(, watch my friend in a Muay Thai contest, maybe watch Man U vs Arsenal at 11. 1 month ago
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