Everything old is new again.
With crypto enjoying its massive bull run, a lot of people are excited about the prospect of becoming location independent Bitcoin HODLers.
You can go to the beach or sip espresso while your coins and tokens provide passive income through staking or masternodes. Cool stuff, and probably the closest anybody in the 21st Century will get to being a J.P. Morgan or J.D. Rockefeller type.
That said, passive income and world travel are nothing new. The Sovereign Individual (excellent book and way ahead of its time in predicting the power of ecommerce, the rise of NFTs, and the sociological affects of the Internet) uses a centuries old profession to illustrate the power of location independence.
That’s right, they talk about writing.
Mainly, the example of how Robert Louis Stevenson was able to pen novels from his home on the tropical island of Samoa, while collecting royalties all around the globe.
This is the basic sales pitch that content creation had, way before crypto.
I remember being a teenager, reading The 4 Hour Work and thinking that would be the coolest lifestyle ever. You could write a newsletter or run a blog, and collect passive income while traveling the globe.
Eventually, I did that. And thus, today’s article shares what being a “Sovereign Individual” is actually like.
1. Lower Cost Of Living Gives You More Room To Enjoy Yourself
I don’t want to sound like some America-hater, but every service in the U.S. costs a lot of money for very little in return. I’m not just talking about rent or $50 Uber fares, either.
Things like insurance and taxes can get out of hand very quickly.
The average American pays $541 per month in health insurance. And, if you live in New York and make $250,000, almost $100,000 of that is going to taxes.
In countries like Brazil, healthcare is free to locals and visitors. I don’t know the extent…