How To Design A Jet Set Mini Retirement: Guest Post With Derek Johanson

 

jet-set-life

Editors note: This is a Guest Post from Derek Johanson of Liveuncomfortably.com

Rob: I recently put a tweet out asking if anyone would like to be a guest blogger for this blog.  I received a bunch of great offers, but there was one guy that really stood out above all the rest.  His name is Derek Johanson.  He writes a blog called Live Uncomfortably.  At first, I was like, who the heck wants to do that?  Then, I started picking up what he was puttng down.  In Derek’s own words: “living uncomfortably is doing the unaccustomed everyday to break the cycle of routine and boredom”.

His blog is an experiment in micro testing his philosophy and creating his personal lifestyle design.  I like this guy and I hope you will too. He’s not just talking the talk, he’s walking the walk.  He’s the real deal,  just check out this year’s travel schedule.   In this post Derek will show you how you can create a Jet Set trip simply by taking advantage of a few simple strategies like currency fluctuations and location. Remember, life is about doing exciting things and Derek is an amazing example of that.

Designing A Jet Set Mini-Retirement On A Tight Budget

When I first stumbled upon Jet Set Life seven months ago, I was intrigued.  Hip, chic, and trendy travel is to say the least, extremely appealing.  I was looking to take my first mini-retirement at the time, but quickly realized I didn’t have the cash flow to support the lavish Jet Set lifestyle.

Rob: Not always so lavish- here and here.

It wasn’t until I made my way through Central and South America that I discovered it was entirely possible to live like a king on a tight budget.  If you haven’t yet reached the income level to afford luxury mini-retirements or you’re currently not able to justify the expenses during the recession, don’t fret.  Just because we can’t live like Jet Set rock-stars quite yet, doesn’t mean we can’t get close.  It just takes a little re-designing of our mini-retirements.

derek-jet-set-life-rob-murgatroyd

Step One:  Take Mini-Retirements That Develop Marketable Skills

Mini-retirements should be about letting loose and relaxing, yes, but also, about personal development and learning new skills.  When you take a mini-retirement to work on a skill-set and not just drinking margaritas at the pool, your costs will be significantly reduced.  In addition, your future money-making potential will dramatically increase.

Most of the skills that you’re likely interested in learning probably won’t cost that much to attain.  For example:  Spanish classes or Salsa lessons are very inexpensive in nearly every Latin-speaking country.  While focusing on a skill you won’t be tempted to constantly spend money on things to pass the time (like alcohol).

When you return home from a vacation you are in the same position as when you left, but with less money.  When you return home from a skill based mini-retirement you come back with something marketable and maybe break even financially.

The new skill that you acquired can be channeled into a money-making opportunity which can even further fuel subsequent mini-retirements.  For example, a friend of mine took his mini-retirement so that he can work on learning Spanish.  He documented his progress, set up a small website to help others learn Spanish and now his site is drawing great traffic and creating affiliate sales.

Step Two:  Rethink Your Destination

It’s possible to live like a rock-star outside of popular high-class tourist destinations.  In a lot of countries, the costs of living have not caught up with the value of living.  Meaning, you can spend half as much in South America as you would on a European vacation equivalent.  Paris, France vs. Buenos Aires, Argentina is a great example of this.

Look into places like South East Asia, Central America, and South America.  You’ll find countless destinations that are beautiful, safe, and best of all, cheap for what you’ll get.

derek-jet-set-life-robert-murgatroyd

Step Three:  Rethink the Tourist Off-Season

We all know hotels, airlines, and other tourist related businesses jack up their prices during the high season.  You simply can’t get around it. But, there’s a perceived down season in many countries that is really not that much different from the high season.  You can start taking advantage of this.

In Central America, the high season (the dry season), is from Nov-Feb.  During this time you’re going to pay a lot more for accommodations. In many areas the difference between the rainy season and the dry season is only 1-2 hours of rainfall in the late afternoon which is hardly enough to ruin a trip.

A lot depends on the region.  Costa Rica and Panama are so small that people think, “Well it’s the rainy season in X city, so it’s probably the rainy season in Y city”.  The climate can change drastically even within a small geographic region.  I enjoyed the low season rates in sunny Bocas del Toro, because I was there during the perceived rainy season in Panama:  September.

These situations arise everywhere (not just Central America).  Avoid the urge to travel during the expensive months and you’ll be rewarded with cheaper rates and not always perfect, but very tolerable weather.

Step Four:  Get Long Term Luxury Accommodation for Huge Discounts

For the Jet Setter – having luxury accommodations is a must and with a little hard work securing it really is not that difficult.  I’ve found that many smaller resorts and hotels will offer their rooms at severely discounted rates if you agree to stay a month or longer.

The best strategy for finding cheap accommodations in hotels or resorts is to hold off on booking a place until you get to your destination.  In Central and South America I’ve been shocked by the quantity and quality of hotels and resorts that simply aren’t making themselves visible on the internet.

Once you’ve arrived in your desired location, spend a day or two searching for the best deals.  Many hotels and resorts that you can’t find on the internet are cheaper but not necessarily lower quality.  Also, you’ll be able to approach the managers and negotiate a price for a long term stay.  If you book online you’re going to ‘get gringo’ prices and could get stuck in a place you’re not too happy with.

In Panama, my friend and I were able to secure a cabana at a hotel/resort in the mountain town of Boquete for $18 per night.  The cabana included a full kitchen, laundry services, maid-service, WiFi, and access to organic fruit on the property.  The normal prices were $80 per night, but since we agreed to stay for 2 months, we got more than a 75% discount!

You don’t have to stay in hostels and you don’t have to live like a poor backpacker to take cheap mini-retirements.  It’s extremely possible to live like a Jet Set millionaire on a tight budget.  You’re just going to need to re-think the- what, where, when, and why of your mini-retirement.

For more info on what Derek is up to contact him through his website Liveuncomfortably.com

#######

Kim and I are off to Los Angeles to shoot a video and create our L.A. Hit list- if you have anything that you think we should hit in L.A. please let us know through Twitter here.

The Jet Set Entrepreneur: A Guest Post By Jonny Gibaud

JonnyGibaud

The following is guest post by Jonny Gibaud of JetSetEntrepreneur.com

Rob:

Hey Everybody,

We have been getting some amazing letters since we’ve been here in France – mostly congratulating us on our new product, but there was one letter in particular that really stood out for me.  I thought it was so cool that I asked him if I could post it and write a blog about it.  He agreed and here it is. Enjoy!

Hi Robert and Kimberly,

I think you guys are awesome and are very inspiring people.  Thank you, I wish you all the best in whatever you do.

You have inspired me to take a year out and pursuit the Jet Setting lifestyle starting with a 3 month stint in Thailand, then off to the Philippines and up through Vietnam.  I have a few ventures I will be pursuing while away including an Emergecy Food Storage business that can and is currently run from a laptop.

I am going to be documenting the experience through my blog JetSetEntrepreneur (hope you don’t mind the name) so who knows, maybe our paths will cross.

I will continue to be following you guys.  Have a great life.

…………………………………………….

Its 3.11am as I write this post from a small farm building outside Athlone around an hour and a half’s drive from Dublin, Ireland. I have just made it back from the festival and fireworks that conclude the annual Tri-Fest here. Over the weekend thousands of competitors, of varying degrees of fitness, have competed in the town’s Triathlon to pit their strength against 2km of swimming, 40 km of cycling and 10km of running. This year a local lad , Sean Keane, came from the back to win the elite mens race in an impressive 1 hour 45 minutes. Some pictures from the event are posted on my blog at JetSetEntrepreneur.com.

I have been kindly asked by Robert to write a guest post for Jet Set Life describing a philosophy that was inspired by the likes of Robert and Kimberly of “Jet Set Life” and others such as Tim Ferriss of “The four hour workweek”.

The self coined Jet Set Entrepreneurship.

Who am I?

I am a 24 year old entrepreneur from Liverpool in the Uk.  I studied Industrial Design at university and previously had a design company called Nurtur which developed Mini BioSpheres named enu’s that encouraged school kids to learn about the ecology lifecycle. These are still being used in many schools across the Uk.  I closed that company in 2008 in order to pursuit a career in Project Management with the Swiss Engineering company Sulzer.  This went great for 18 months and I got to travel a fair bit, but the call of the entrepreneur was too great and so I handed in my notice and gave up my high paying and high position job in order to once again pursuit the life of an entrepreneur, this time as a jet setter.

So what is a Jet Set Entrepreneur?

By employing the effects of currency leveraging and combining them with the power of the internet for mass communication and outsourcing, Jet Set Entrepreneurs move their business out from the traditional office setting and structure and focus on a more exciting balance to business and lifestyle design abroad.

Jet Set Entrepreneurship vs traditional entrepreneurship.

Traditional entrepreneurship fundamentally focuses on having an office or base, filling that office or base with people in order to realize your idea and then trying to drive customers to your business/idea through direct advertising. The overheads associated with this approach are very high, usually requiring hefty bank loans and severely reduces the lifestyle quality of the entrepreneur as 14-16 hour days are typical and the risks are great.

The main focus of Jet Setting Entrepreneurship is on setting up and running low investment, non leveraged, cash generating ventures that are removed from an office, are run by temporary staff from around the world and focus on carefully benchmarked and targeted internet marketing.  These can all be overseen on the move from a laptop anywhere in the world and are core to freeing up the entrepreneur’s most valuable asset, their time, so that the can enjoy the adventure.

JSE focuses on five core concepts in order to cut the business fat and create lean, mean, cash generating machines that are free from the main constraints of typical business practice and give the entrepreneur the time and financial freedom to explore the world.

1. Reducing overhead drastically by moving or traveling to where living costs are low.

2. Using the power of the internet and outsourcing principles to remove the need to have an office and permanent high cost staff.

3. Outsourcing business activities to where labour costs are low, therefore, drastically reducing the cash flow burden.

4. Moving advertising solely online where customer targeting can be much more effective and flexible, and costs vs results can be effectively benchmarked.

5. Streamlining and automating their businesses so that the entrepreneur is removed from the business equation as soon as possible.

The Jet Set Entrepreneur 12 month trial

Starting September 11th 2009 I will be flying out to begin a 12 month experiment into the practicalities of Jet Set Entrepreneurship with the aim of continuing it indefinitely if successful.

The journey starts with a 3 month stint in Thailand moving on to the Philippines and up through Vietnam with plans for Malaysia, Sri Lanka and Argentina in the new year.

I will be documenting every aspect of my journey through JetSetEntrepreneur.com with advice and tips to inspire and encourage anyone interested in giving it a go. For those not interested in becoming a JSE there will be plenty of articles on lifestyle and business design, travel, living abroad and productivity as well as photos and videos from the road.

If you have enjoyed the Jet Set life, which I am sure you have, then I encourage you to check it out.

My thanks goes out to Robert and Kimberly for generously giving me a platform to describe Jet Set Entrepreneurship, for the inspiration and for the excellent material they produce at Jet Set Life.  I am sure you’ll agree we have all been inspired by these two great trend setters and I know we can expect to see more great material in the future. All the best to you both.

To all Jet Set Life’s readers, thanks for reading and I hope you will join me on my journey.

Jonny
###################
Rob: Welcome aboard Jonny! Life will never be the same again. All the best to you and safe travels.