Money Matters
Avoiding The Scarcity Mentality Whilst Cutting Down Your Outgoings
In the process of creating our LIP life, we went through a period of having to cut down our expenses and tighten our belts - especially immediately after Jonathan was made redundant.
At the same time, we were aiming to create a fabulously abundant life for ourselves as location independent professionals. Problem was, the two goals [...]
In the process of creating our LIP life, we went through a period of having to cut down our expenses and tighten our belts - especially immediately after Jonathan was made redundant.
At the same time, we were aiming to create a fabulously abundant life for ourselves as location independent professionals. Problem was, the two goals were conflicting.
One required an abundant outlook on life - the belief that we could afford to do everything we wanted, achieve our dreams and that we had everything we already wanted. The other required us to restrict what we could have, constantly question what we could afford (and then naturally, what we couldn’t) and focus on cutting back.
5 Ways To Make Your Money Stretch Further Whilst Travelling
Prefer to watch this? Check out the Videocast at the end of the post!
One of the reasons we became Location Independent Professionals was to give us a bit more breathing space when J was made redundant and our expenses in the UK seemed to have the potential to drown us.
Living in a place with a [...]
Prefer to watch this? Check out the Videocast at the end of the post!
One of the reasons we became Location Independent Professionals was to give us a bit more breathing space when J was made redundant and our expenses in the UK seemed to have the potential to drown us.
Living in a place with a far lower cost of living seemed very appealing right then - and it still does now. Not only does it take the pressure off fledgling (and even mature) businesses, it’s also very satisfying to feel that your money is going a lot further than it normally would back at ‘home’. We still catch ourselves saying, “Oooh, now that fresh coconut would have cost £3 in the UK, it’s so cheap here” or “What? Only EC$2 (approx. £0.30) - in the UK that organic mango would have cost us £2″.
And even if the cost of living is lower in the LIP places you choose to visit, there are still things you can do to make your money stretch even futher. Here are 5 things we’ve learned that will have you, your bank manager & your accountant smiling: Read the rest of this entry
Where We Get Our Income From
I’ve had several queries & questions recently about the kind of businesses we run as location independent professionals & how we generate our income. The answers are already on the blog, with more details in the book but I thought I’d summarise them here again.
Our income comes from:
Jonathan’s graphic design clients - a couple of [...]
I’ve had several queries & questions recently about the kind of businesses we run as location independent professionals & how we generate our income. The answers are already on the blog, with more details in the book but I thought I’d summarise them here again.
Our income comes from:
- Jonathan’s graphic design clients - a couple of corporate clients in London and a variety of smaller businesses, many generated by my business.
- Jonathan’s illustration clients - a new venture for him (his dream job) and he’s now working on 3 key illustration projects producing a childrens’ book, a graphic novel & a Superman comic.
- My business coaching clients - I have a number of regular coaching clients from my niche target market (health & wellness coaches like personal trainers & CHEK practitioners). Some of these are also on a legacy coaching program which is based on a basic membership site and provides a passive stream of income.
- Technology clients - I offer a range of different techy services for blogs, websites & general technical help to my target market & other solopreneurs who find technology a challenge.
- My new & forthcoming books - this is also part of my strategy to create a greater number of passive streams of income.
- My blogging efforts - whilst I currently own a tiny amount of money from any of my own blogs (so small it’s really not even worth mentioning), I do earn a very small income from guest blogging on some other well known blogs such as Brave New Traveler.
In response to one recent commenter who asked whether I earn any money from providing the information on this blog or any of the other LIP-related things I do, the answer at the moment is “no”.
Although I have some pretty grand plans for this project of mine which only started because I thought someone might be interested in what we were doing…little did I know that it would turn into a book (possibly even a series), a full blown blog and some of the other things which I have in the works!
More Ideas for Making LIP Money Online
The internet, and more specifically, making money on the internet is one of the key enablers for LIP Living. The following are more suggestions to generate additional income online that I’ve either done or will be doing:
1) Blogging
There are a number of services which allow you to earn an income from blogging which include: Weblogs [...]
The internet, and more specifically, making money on the internet is one of the key enablers for LIP Living. The following are more suggestions to generate additional income online that I’ve either done or will be doing:
1) Blogging
There are a number of services which allow you to earn an income from blogging which include: Weblogs Inc; PayPerPost; BlogToProfit
2) Affiliate Programs
If you have a blog or a website, this is a good way of earning some income from recommending & promoting products & services you like. Check out some of the ones I like down the right side of the blog - these are products/services I’ve used or still use, not just things I fancy promoting. Some of the most well-known companies who run affiliate programs for well-known brands are: Commission Junction; AffiliateWindow; ShareASale; Clickbank; Amazon Affiliates.
3) Other Income Generators
The following are additional ways to get paid for fiddling about online: Google User Research; IntelliShop;
Working Solutions; Tutor.com;
