My Inspirations for Location Independence

Location independence, or being able to travel or live anywhere independent of a job, is something that has always appealed to me. Part of the reason is that Mr. ThreeYear’s family lives on one continent, and mine on another. So we always feel caught in-between. But even before I met Mr. ThreeYear, I dreamed about dividing my time between two places, or traveling the world.

My Inspirations for Location Inpdendence--www.thethreeyearexperiment.com

Along the way, I’ve been inspired by people who have lived a similar life.

The flight attendant from my TESOL program

In August of 2001, I traveled to Montreal to complete a TESOL (Teaching English to Speakers of Other Languages) training program before I moved to Chile. I met a Colombian flight attendant while I was there, and asked her where she lived. Her answer astounded me. “I divide my time between North and South America,” she told me. She lived in Montreal for the summer and fall and Colombia in the winter and spring. Her children were older, I remember, already in college, and she and her husband split their time between two places they loved. Continue reading “My Inspirations for Location Independence”

Interview with Mr. ThreeYear

Mr. ThreeYear, apart from increasing the height and attractiveness genes of my children (thanks, honey!), is one-half of the brains behind our location independence plan. He also has an incredible story of growing up in difficult circumstances and working very hard to make a better life for himself.

Interview with Mr. ThreeYear

Since normally, I write the blog and Mr. ThreeYear just reads it, I thought I’d turn the reins over to him and allow him to share his thoughts on location independence, overcoming obstacles, and reaching financial independence.

Can you tell everyone a little about your background?

I was born in Santiago, Chile, in the mid-seventies. I grew up under the dictatorship of Augusto Pinochet. Our family was not really political; however, it was clear to see that it was not a smart idea to publicly oppose the government because of the consequences it would bring to your family.

I was the youngest of four siblings. I have two much older sisters who married and left the house early. My brother was also older, by eleven years. We lived right next to my grandmother. The country was very economically depressed. It was hard to get jobs. Unfortunately, my dad was unemployed for a long time, which made my mom the main breadwinner, working three jobs at a time (she was a special education teacher). We never starved, but it was clear to me that we were at the lower end of the financial spectrum. Continue reading “Interview with Mr. ThreeYear”

Location Independent, International Jobs: Kerri

Hello! Welcome to “Location Independent, International Jobs,” the Wednesday series where I showcase stories from people who have become location independent, work internationally, and/or continuously travel (check out previous stories here, here, here, and here!). Guest posters will be sharing how they became location independent or how they got jobs abroad, but most importantly, they’ll share how their lifestyle has positively or negatively affected their finances and how they got to the life they’re living now.  

The reason for this series is to showcase people who have already achieved what the ThreeYear family is working towards: location independence and/or securing international jobs. Since we’re not sure which route we’ll take, we thought we’d hear from people who’ve already achieved one or the other, so we can learn more.

Today, I’d like to introduce you to Kerri, who happens to be… my sister! Not only is she one of the most creative people I’ve ever met, she and her husband Joel have created an incredible Etsy business making handcrafted leather goods. Their business was recently featured in the Charlotte Observer (they live in the Queen City). About a year and a half ago, the business had grown to the point that Kerri was able to quit her job at a design firm and work full-time from home. I interviewed her last week while I was staying with her for a few days. Here’s her inspiring story of entrepreneurship and location independence! 

Can you tell us a little bit about your background?

I was a graphic design major in college. I’ve always been someone who likes to make things and I’ve always been crafty. When I was a kid, my definition of playing was making things. [Laurie: Yep. She and I had many a Barbie fashion show, and Kerri created fabulous Barbie outfits out of bits of fabric and ribbon. She also made crazy cool tree houses and forts in the woods]. After college, I got a job with a yearbook design company doing corporate marketing and I worked there for one year. After college, I moved to Milan, Italy, to attend Domus Academy, a prestigious design school, to obtain my masters in design. I’d always wanted to move abroad, and I teamed up with a friend of mine from college to plan a way to get there. I was there for a year and while I was there, I got a crash course in product design and the Italian design process.

Kerri in her studio--www.thethreeyearexperiment.com
Kerri in her Charlotte, NC, leather working studio.

When you think of Italian design, you think of some of the greatest designers in the world. And I was heavily influenced by the Italian way of doing things. They have such an incredible sense of history and craftsmanship there, a strong sense of history and tradition in everything they do. There is always a nod to the past and to the process. That stuck with me, not to mention the leather.

When I got back from Italy, I moved back to Charlotte, where I’d been living before I got my Master’s. It was a down economy, so I felt very lucky to get my old job back. It wasn’t my dream job, but it was stable design work. Joel, my then-boyfriend, and I had been dating for a few years at that point, and we got married in 2010. We met in college, where he was also a graphic design major. While I was in Italy, he’d gotten a job with Rubbermaid designing their packaging.
Continue reading “Location Independent, International Jobs: Kerri”

Location Independent, International Jobs: Heather

Hello! Welcome to “Location Independent, International Jobs,” the Wednesday series where I showcase stories from people who have become location independent, work internationally, and/or continuously travel. I’ve interviewed some fascinating individuals who all have slightly different takes on location independence or living internationally. Recent posts include Steve from Think, Save, Retire,  Mrs. Adventure Rich, and Mavis, an international teacher.

Guest posters will be sharing how they became location independent or how they got jobs abroad, but most importantly, they’ll share how their lifestyle has positively or negatively affected their finances and how they got to the life they’re living now.  

The reason for this series is to showcase people who have already achieved what the ThreeYear family is working towards: location independence and/or securing international jobs. Since we’re not sure which route we’ll take, we thought we’d hear from people who’ve already achieved one or the other, so we can learn more.
Today, I’d like to introduce you to Heather, a twenty-something ESOL teacher who lives in New Hampshire. 

I know Heather from my Master’s program and we have a lot in common, which is why I asked her if she would share her story on the blog. Heather moved to Chile after college, just like I did, and taught English as a Second Language, just like I did, and fell in love with Chile (easy to do!) just like I did. And we both live in New Hampshire and attend the same Master’s program in TESOL (Teaching English to Speakers of Other Languages). But, our stories are a bit different, and probably more importantly, we’re about a decade apart in age. So Heather is at a different place in life than I am, which is cool, because she can do things like introduce me to SnapChat. Okay, without further ado, I give you Heather! 

Can you tell us a little bit about your background?

I’m from Sandwich, New Hampshire. [Laurie: I love that town name]. I have a B.A. in Italian Studies from Connecticut College.

 

Heather--www.thethreeyearexperiment.com
Heather in Gran Torre Santiago (the tallest building in Latin America), overlooking the north part of the city.

How did you make the decision to move internationally?

I was finishing up college and was set on working abroad as an English teacher. I had done the CELTA course between freshman and sophomore year and wanted to get a job where I could be the principal teacher since previously I had volunteered or tutored (CELTA stands for Certificate of English Language Teaching to Adults–it’s affiliated with the University of Cambridge ESOL examinations). I didn’t apply for any US jobs and put all my energy into looking for something abroad. I figured this was a perfect time to do it since I would be graduating and needed a break from school. Also, I wanted to confirm that TESOL was my career path before jumping into grad school. Continue reading “Location Independent, International Jobs: Heather”

Why You Should Spend Money on Travel

One thing I’ve learned about the journey of personal finance is that it’s personal. We all have different priorities for our money.

But today, I’m going to argue that everybody who can finagle it should spend money on travel. Whatever you call them–get aways, mini breaks, vacations, holidays–no matter how close or far from home you go, I believe there are major benefits to regular travel.

Spend Money on Travel--www.thethreeyearexperiment.com

Our family has been a fan of traveling for a long time. Because, what better way is there to prepare for a life where you can travel anywhere than to travel, well, somewhere? If you’re interested in becoming location independent, I recommend making it a priority to take at least one trip or mini-trip per year.

Yes, there is always debt to pay off, emergency funds to fill, and possessions to pare, but the benefits of travel are many. Taking a small percentage of your take-home pay and reserving it for a trip each year, even a brief, close-to-home one, is worth delaying those other goals by a few months.

Mr. ThreeYear and I took a weekend trip to Montreal several years ago, and it was nectar to our traveling souls. We’re only three hours away by car from Montreal, so we booked a hotel using our credit card rewards (thank you SPG card), drove up, and spent a fabulous weekend exploring the Museum of Fine Arts, the eponymous city park Mont Royal with the fabulous view of the city (boy were my legs tired after that climb!), and the heart of Old Montreal. We ate delicious ethnic food (including Korean BBQ and Szechuan) and drank lots of cappuccinos. Our trip lasted three days, and cost us about $350, but it reminded us why we love to travel so much and why we’re working so hard to become location independent.

Quebec--www.thethreeyearexperiment.com
A long weekend in Quebec was a balm to our parenting-weary souls.

Michelle from Making Sense of Cents recently highlighted a blogger, Penny from Penny and Rich, who spends $53,000 a year on her family of six, with $22,000 of that going to pay back student loans. Even though the family earns so little income that they qualify for federal food assistance, her family makes travel a priority. They set aside a little less than $2500 last year for vacations for their families. Some snarky commenters gave Penny a hard time for spending money on vacation while qualifying for food stamps, but I believe she has her priorities in order. Here’s why you should spend money on travel: Continue reading “Why You Should Spend Money on Travel”

Location Independence, International Jobs: Pete of Do You Even Blog

Hello! Welcome to “Location Independent, International Jobs,” the Wednesday series where I showcase stories from people who have become location independent, work internationally, and/or continuously travel. If you haven’t already, check out the posts from Ruby from A Journey We Love or Adriana from Italy. Guest posters will be sharing how they became location independent or how they got jobs abroad, but most importantly, they’ll share how their lifestyle has positively or negatively affected their finances and how they got to the life they’re living now.  

The reason for this series is to showcase people who have already achieved what the ThreeYear family is working towards: location independence and/or securing international jobs. Since we’re not sure which route we’ll take, we thought we’d hear from people who’ve already achieved one or the other, so we can learn more.

Today, I’d like to introduce you to Pete from Do You Even Blog, where he interviews bloggers and online entrepreneurs on his podcast, and teaches people how to blog on the website. Pete and his family have been fully location independent for about six months and he runs his own business from home. I’ve gotta share his “official bio”–what a wordsmith! 

Pete McPherson writes killer bio paragraphs. But when he’s not doing that, he’s a full-time husband and dad, idealistic entrepreneur, purple cow thinker, blogger, marketer, CPA, data nerd, STAR WARS nerd, web and iOS developer…and really fast typer. He spends his days teaching people how to blog better as well as drafting and validating various project ideas.

So get ready to hear a story about bravery from Pete, who took a leap of faith to create a location independent business to give his family a better lifestyle. 

Can you tell us a little bit about your background?

I have two kids (aged three and three months), and I have a super-corporate background in Accounting and Finance. I worked for huge companies in Atlanta, Georgia [Laurie: hey! us too!] for a few years before venturing out on my own 100%.

Oh, and my wonderful wife and I have been married four years!

Pete--www.thethreeyearexperiment.com
Pete from Do You Even Blog and his family.

Continue reading “Location Independence, International Jobs: Pete of Do You Even Blog”

Location Independent, International Jobs: Mrs. Adventure Rich

Hello! Welcome to “Location Independent, International Jobs,” the Wednesday series where I showcase stories from people who have become location independent, work internationally, and/or continuously travel (check out previous stories here, here, here, and here!). Guest posters will be sharing how they became location independent or how they got jobs abroad, but most importantly, they’ll share how their lifestyle has positively or negatively affected their finances and how they got to the life they’re living now.  

The reason for this series is to showcase people who have already achieved what the ThreeYear family is working towards: location independence and/or securing international jobs. Since we’re not sure which route we’ll take, we thought we’d hear from people who’ve already achieved one or the other, so we can learn more.
Today, I’d like to introduce you to Mrs. Adventure Rich, a twenty-something Midwesterner married to Mr. Adventure Rich, a thirty-something handyman. The couple recently had a kid, bought a house and property, and began documenting their journey to financial independence on their blog, Adventure Rich. Mrs. AR gives us tons of great details on how she negotiated a remote position and moved back home to Michigan to be close to her family. Take it away, Mrs. AR! 

Can you tell us a little bit about your background?

Adventure Rich--www.thethreeyearexperiment.com
Mrs. Adventure Rich enjoys all things outdoor.

I am originally from northern Michigan (Traverse City area!). My parents were small business owners who hustled to grow their ski shop at a local ski resort, and I was raised with a passion for all things outdoors. I attended a small, Great Books liberal arts college in southern California where I graduated with a liberal arts degree and headed into a business career based north of Los Angeles. During my first summer working, I “met” the future Mr. Adventure Rich (we knew of each other, but never on personal terms). He took me mountain biking on our first date and the rest is history 😉 We got married in October 2013 and our son, Adventure Rich Jr., arrived in July 2015. In the two years of his life, he has developed into a crazy-energetic kiddo whose favorite pastime is challenging us to running races down our driveway (yes, really… I’m a runner and he tires me out!). Continue reading “Location Independent, International Jobs: Mrs. Adventure Rich”

Location Independent, International Jobs: Ruby from A Journey We Love

Hello! Welcome to “Location Independent, International Jobs,” the Wednesday series where I showcase stories from people who have become location independent, work internationally, and/or continuously travel (check out previous stories here, here, and here!). They’ll be sharing how they became location independent or how they got jobs abroad, but most importantly, they’ll share how their lifestyle has positively or negatively affected their finances and how they got to the life they’re living now. 

 

The reason for this series is to showcase people who have already achieved what the ThreeYear family is working towards: location independence and/or securing international jobs. Since we’re not sure which route we’ll take, we thought we’d hear from people who’ve already achieved one or the other, so we can learn more.  

Today, I’d like to introduce you to Ruby from A Journey We Love. Ruby and her husband are thirty-somethings who travel a lot, even though they have full time jobs and are working towards FI before 45, thirteen years from now. Once they reach financial independence, they plan to become location independent and travel full time. Ruby says, “We want to have more of our time back to do what we want and focus on our passions instead of trading our time for money at a traditional office.” I’m with you there, Ruby, and I look forward to sharing your story with our readers! 

Can you tell us a little bit about your background?

I was born and raised in the Philippines, and only immigrated to the US four years ago because of a job opportunity. I met my husband in the US, and we’ve been married for a year but together for nearly four years. We don’t have kids yet but we plan to!

A Journey We Love--www.thethreeyearexperiment.com
Peter and Ruby from A Journey We Love

I was from a middle class background. I lived in the Philippines most of my life – I studied there from grade school until uni and also started my career there. Well, until that day when my employer in the Philippines (a multinational bank) sent me to the UK (this was in 2008). I met a lot of people who loved to travel and that inspired the travel bug in me. I got another opportunity to go back to the UK in 2011 (also through said employer), and I realized I didn’t want to go back home but wanted to live full time abroad. In 2013, the opportunity to move to a new office in Florida came through. It was an expansion and it was relatively new and I jumped at the chance. This contract was only supposed to be for three years, but they took me on as a full-time worker here in the US after I got married to Peter.

It was always my goal to leave the Philippines. Back when I was thirteen, I knew I wanted to go, but always thought I’d end up in Singapore, which was a first world country that’s close to the Philippines. I decided that if I looked for work, it would have to be at a multinational company to gain more exposure (and boost my resume if I wanted to look for jobs abroad).

Peter’s story is a bit different than mine. He was born in Bratislava, Slovakia and lived there until he was eleven. Then in 1997, his family moved to the US when they won the green card diversity lottery and has lived in the US ever since. I met him through work – we were working for the same multinational company that sent me to the US!

Not only did said company make my dream of moving abroad come true, it also gave me the opportunity to meet my husband!

How did you and your family make the decision to become location independent/move internationally?

My husband moved to the US when he was twelve from Eastern Europe, so he is fine with moving to different countries just to feel what it’s like to live there and be one with the locals. We also love to travel, so why not become location independent where we can earn a bit of money to sustain most of our travels? Well, that is the goal, but we’re not there yet!

Moving internationally is also a big plus for us, especially since we don’t have children yet. It goes to show potential employers that we are open to change and we are okay being uprooted and being thrown into a brand new destination to get used to other cultures and integrate with other people. It’s not as bad as you think either! You may also get to be exposed to multiple opportunities.

Where do you travel? (within the country, internationally, etc). Favorite place? Least favorite?

We travel anywhere and everywhere: it could be a state park in the city where we live in, it could be to visit family in the Philippines or in Slovakia. We also go wherever the sales are: we booked trips to Asheville, Memphis, Richmond, and St. Louis, just because the ultra budget carrier had deals for less than $100 roundtrip per person. We don’t have a least favorite place because every single destination we’ve been had something to offer: be it culinary treats or sightseeing. My favorite place would have to be London – I personally had a chance to live there for a few months. It was expensive but it was subsidized by the company I worked for at the time so it wasn’t so bad.

If you have kids, how have they adapted to the moves? Best part of traveling for them? Worst part?

We don’t have any kids yet but if we do have them, we’ll want to make sure that travel is part of their life. Expose them to the world that’s out there instead of isolating them inside the house or a community where they get too comfortable. If you are uncomfortable, it actually helps you grow and learn your real self. It also helps them to see the real world instead of just watching a manufactured world on TV.

How has becoming location independent positively (or negatively) impacted your finances (since this is a personal finance blog)?

When I first moved from the Philippines to the UK, and the US, it definitely impacted my finances! I am now earning much more than I was back at home, and so I’m saving more too. There are many more financial products I can invest in here in the US, and I can get to “travel hack.” There’s definitely plenty of other opportunities to earn and save more if you move from a third world country to a first world country! Plus, all those signup bonuses by opening bank accounts + credit cards. Oh my!

We’re not normal FI folk who cut a lot of “fat” out of their budget. If you look at our blog, we have a LOT of travel posts… and even though we want to be FI, we’re not cutting back on our travel… far from it! We actually travel more and more even as we try to achieve FI.

First off, we do travel hacking to offset our travel costs. Other specific things? We save 50% of our income by contributing the max for our HSA, 401(k) and our Roth IRA.

We also try to earn more by Airbnbing a spare room in our house. Yes, we don’t have as much privacy but who cares? The money that’s coming in from our BnB helps to pay off some of our mortgage, utilities & HOA bills. We also have a rental property which we rent out to help pay off the mortgage + a bit extra that we put towards principal pay down.

If we have a cash surplus, we save it and invest it in Vanguard funds or as a downpayment for another rental property (we’re still looking for our third property).

What are your future plans for your family?

Be able to travel more, and have more time for us to enjoy our lives without thinking much about money :slight_smile:.

Ruby and Peter have some very cool travel plans for their lives. Check out their adventures on their blog, A Journey We Love, where they record all of their travel adventures, or on Instagram (what a beautiful feed!!!) or Twitter.  Comments or questions? Ruby will be responding directly in the comments section so fire away! (No pun intended! Ok, maybe!). 

Mid-year Goals Update

July is here, which means we’ve officially finished six months of 2017. (Happy Fourth of July week to all you US readers out there!).

How’s your year going so far? Our family is currently on an extended road trip/family visit in the Southeastern United States, so I’m logging in “from the road.”

Mid-Year Goals Update--www.thethreeyearexperiment.com

Earlier this year, I shared our 2017 goals for this year. We’re on a three year journey to double our net worth and become location independent, so we have some pretty specific goals for this year to make that happen. Continue reading “Mid-year Goals Update”

Location Independent, International Jobs: Adriana of Money Journey

Hello! Welcome to “Location Independent, International Jobs,” the Wednesday series where I showcase stories from people who have become location independent, work internationally, and/or continuously travel. They’ll be sharing how they became location independent or how they got jobs abroad, but most importantly, they’ll share how their lifestyle has positively or negatively affected their finances and how they got to the life they’re living now. 

 

The reason for this series is to showcase people who have already achieved what the ThreeYear family is working towards: location independence and/or securing international jobs. Since we’re not sure which route we’ll take, we thought we’d hear from people who’ve already achieved one or the other, so we can learn more.  

Today, I’d like to introduce you to Adriana, who blogs at Money Journey. Adriana and her boyfriend have lived in Italy for the past nine years. When Adriana first arrived in Italy, she had no job, spoke very little Italian, and hadn’t even finished college! Now, nine years later, she has a freelance career, has traveled all over the continent, and even occasionally gets mistaken for an Italian! I think you’ll find her story very interesting, especially if you’ve ever considered living abroad. 

Background

My name is Adriana and I’ve been living in Italy with my boyfriend for the past nine years.

Adriaa--www.thethreeyeareexperiment.com
Adriana of Money Journey, with Switzerland behind her

We’re not married yet, nor do we have any kids or pets.
Continue reading “Location Independent, International Jobs: Adriana of Money Journey”