A Lifestyle of Choices
We were coming up to the end of first month living on the stark but beautiful Spanish island of Fuerteventura.
We had body boarded, surfed, explored, lazed on the beach and ate octopus, fresh sardines and tapas. It was a good life. In the middle of the European winter we were parked off the west coast of Africa enjoying sun and temperatures in the low 20s (around 7oF).
But Fuerte can be an unforgiving island at times. Sometimes the vast expanses of sand dunes leave you feeling a little giddy. Sometimes the landscape is too harsh, too unforgiving.
Taking a break from house hunting, we stuffed our day packs and jumped on a ferry that took us to the neighboring island of Lanzarote to the north. 1 hour later we were exploring the sea side cafes of this well appointed neighbor. We rummaged around the market in the marina, sat out and drank coffee by the sea and admired the colors of this beautiful island.
This is it, we thought in an instant. This is where we want to live. That evening back in Fuerteventura we scoured the internet for accommodation. We found a short term foothold to get us settled in Lanzarote and we were back on the ferry 3 days later, moving.
Location Independence affords us freedoms not normally found in the average person’s daily life. You choose where you can live. You choose the environment you want to live in. You choose the people and cultures you want to live with.
Life is pretty short. To not see the world would be a waste.
The first reason you should choose a Location Independent Lifestyle is travel.
But seeing the world requires more than a 2 week vacation every year. We need to spend time, we need to move around, we need to live outside of the scheduled existence.
I believe Location Independence means freedom. Sure there’s the freedom to travel but there are many other freedoms afforded by Location Independence.
I’ll explore those here
1) Freedom of Time
Being Location Independent offers you more freedom in how you use your time. You aren’t wasting 10 hours a week commuting. You aren’t wasting 20 hours a week in meetings or with company memos. You aren’t wasting time on watching TV, cleaning your car or Sunday at the home improvement store. You are out there, living.
So much literature these days focuses on getting more hours out of the day. The worst of its kind is the “how can I sleep less?” type hack article found everywhere on the internet. There is no long term sustainable answer to this problem. There are 24 hours in the day regardless of how much money or success you have.
What you can do is, however, use that time better than the average person. You can choose not to squander it on the distractions that keep the masses comfortable and numb. You can choose to slow time down. Stop, enjoy the moment with a coffee watching the locals, hang out in the market square watch the world go by. Those of us that spend our lives rushing to the next moment, fulfilling goals and bucket lists will be the ones that get old and wonder where all the time went.
2) Freedom of Market Independence
When you tie your life and your income to one place you place all your eggs in one basket.
The global economy moves so fast these days and governments continue to prop up failing industries that it’s difficultt o know what is working an dwhat isn’t.
Nobody saw the banks going bust. Remember that old saying “if you want zero risk, stick it in the bank”? Well that doesn’t hold true anymore. Remember that other saying “safe as houses?” Well what happened to all those homeowners that got wiped out by negative equity?
It’s the same story as all those factory workers who one day turned up after 20 years at work to find there was no work.
When you put your livelihood into one market, you expose yourself to the winds of circumstance. It’s an environment you have little control or freedom over.
True Location Independence means rising above the failed politics and economics of nation states. Spread your income and finances across many countries. That is freedom.
3) Freedom of Lifestyle
It seems inconceivable that you could live a millionaire lifestyle and travel the world. But you can do just that without being ever being a millionaire.
This is the ultimate freedom of Location Independence.
When most people travel, they do it as long term travelers or tourists. It’s an expensive business. Hotels are always as expensive as back home, if not more. Then there’s the flights, the taxis, the hire cars, eating out and so on. It adds up to a lot of money. You come back from your vacation and need to start saving up to do it all again.
But what if you could live like that, travel long term and actually save as much money as you did in the first place?
Why wait years to save enough money for retirement?
Why wait for the impossible to happen like winning the lottery to realize your travel dreams?
With the power of Arbitrage and a little Passive Income to boot, Location Independence offers it right now.
If you enjoyed this post, get more insights and Barefoot tips by clicking LIKE on The Barefoot Journal Facebook Page