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Messages - MightyInvestor

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Expat life / Chiang Mai - Tips
« on: March 04, 2018, 07:39:23 PM »
Team GCC,

I'm FI and have been spending most of my travel time in the U.S. and Europe.  But this spring I want to branch out and spend some time in Asia.

Am thinking of using Chiang Mai as my hub.  I would like to spend a couple of months there.

I wanted to ask if you have any suggestions about time of year, accommodation, etc.  Also, are there any great websites you recommend as resources for figuring out the basics--such as how long you can be there as a tourist?  And any reason why Chiang Mai is a bad idea and somewhere else is way better?

Thanks for any input you can provide.

Tom

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Digital Nomad Life / Re: Do you have a home base?
« on: February 02, 2018, 02:25:14 PM »
This is amazing to me; I love the idea and I'm going to be seeing how I can incorporate more nomad-ness in my planning.  Thanks for the answers!

Jabbott,

Go for it! I definitely suggest giving a trial run (as in don't burn bridges unnecessarily) before you jump in. Pearceonearth.com is another good example of someone pulling this off.  Cheers!

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Digital Nomad Life / Re: Do you have a home base?
« on: January 30, 2018, 09:41:12 AM »
I personally do have a home base of Colorado, but not in the sense that I've bought property--just that that is where I spend the most time and have deep family and friendship ties there.  I'm with GCC that one doesn't need to be in a huge rush to buy property, especially in places where the cost to own has shot to the moon. 

My second quasi home base is Croatia where I lived for three years and have a lot of connections as well.  I spend a lot of time there every year.  I'd probably make Croatia my permanent home base if I could do so legally.

My sense is that people tend to want to get a home base a bit more as they pass from 20s or 30s into their 40s or later.

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Digital Nomad Life / Re: Digital Nomad Life
« on: January 30, 2018, 09:37:11 AM »
Fair points, all.  For sure.

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Digital Nomad Life / Digital Nomad Life
« on: January 29, 2018, 10:32:57 AM »
GCC and Anyone else who is out there,

I wanted to throw something out there about Digital Nomad Life.  GCC is living it up as a digital nomad, and I am frankly a quasi nomad (abroad a fair amount each year and used to live abroad for my career). 

I think GCC did it right.  He developed valuable skills and a massive financial buffer.  Then he took the leap.  However, I think earlier in your career attempting to become a digital nomad without a safety net may be a recipe for disaster (see https://mightyinvestor.com/nomad-life/). Early on in your career, just making this jump without a plan B may set you up to be a rootless gig economy worker without a real fallback. 

Far better to A) work for an elite institution, B) develop a strong resume, C) most importantly, develop useful skills, D) build a financial buffer, E) and then take the leap.  I'm not saying don't travel when you are young.  In fact, I believe just the opposite.  But I am saying think in terms of risk/reward and mitigate downside risks.  You can see lots more in terms of my take at the link above.

GCC, if you read this, I'd love to get your take.  You are so analytical that I don't think you advocate just making some early leap and hoping for the best.  Thoughts???

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