Sunday, 9 August 2015

Motivation and the Mobile Life

We all want to embrace the mobile lifestyle and travel the world. Fly business or first class to an exotic destination and live a life of ease. However, I know that at times it seems like such a hard thing to do. This is where we must develop a mindset of a rich person and of a traveller. This mindset incorporated financial and emotional intelligence, goal setting and due diligence.

I don't get to travel on a regular basis due to luck. There has been a lot of hard work, and learning, that has gone into getting the lifestyle that I enjoy. There has also been a lot of planning and goal setting. Plus it all started years before I got to start travelling. Hopefully I may be able to help you reach your goals a bit quicker.

The first thing is planning. Without a doubt the biggest obstacle for travel is the cost. So you need to set your goals. Through goal setting you create the plans for your future travel. Goal setting will also show you that you have to start saving money.

You need to have a savings account that is set aside just for money to travel. Unless it comes to a life and death situation, you never touch that money for anything else. This then becomes part of your financial and emotional intelligence.

Your financial intelligence will allow you to look for the best rate of return for your savings. In fact, your financial intelligence should tell you that you need to invest your money, and have your investments pay for your holidays. For more on financial intelligence and investing look at some of the other articles on this blog.

Your emotional intelligence should help you to not spend your money on fruitless adventures. Through developing your emotional intelligence you will learn how to delay your gratification and be willing to put things off for now, so that you can have an even better life in the future and travel more. Like financial intelligence, there are more article about emotional intelligence on this blog.

When it comes to saving money for your travel, the amount you put in is dependent on a few factors, how much you earn,how much you pay out in debts and how much you feel like saving for your trip. When it comes to saving, make sure you pay into your savings account first. Bills come later. Yes you still need to pay them, but make sure you pay yourself first. You work hard for your money so ensure that you are saving to enjoy.

As for the actual amount, it really doesn't matter if it is $10 or $100 per week. Just make it a regular amount. It will take time but very quickly you will see the amount increase and your goal will soon be in sight.

I would also suggest joining a reward program, but no more than two. Every time you travel with a carrier you will earn points. These points can be used to get you free flights. However, there is really no such thing as a free flight and most carriers will make you pay something such as fees and charges. If you carrier allows, see if you can use you points to reduce the cost of your ticket. That way you still have to pay but you will get to travel faster.

I say don't join more than two as you will probably never travel regularly enough on all of them enough to make the points worth it.

With a lot of rewards programs you can earning points from other activities from flying. Points can be earned through hotels partnered with your carrier, or through a credit card. This will help you increase your points and get you flying faster, or cheaper, or both.

However, before you rush into any points program do your due diligence. See what is on offer, what allegiance they have will other carriers around the world and how you can redeem them. Of course if you want to get a credit card to gain points, due diligence again. Makes sure you know the fees and charges with the card. Will you manage the card properly? There is no real benefit if you just blow the credit card out and have to pay more in repayments than what you earn in point. Due diligence, financial intelligence and emotional intelligence.

If you want to speed things up, then I can only suggest two other areas. The first I have already mentioned, invest so that your investments can pay for your travel. It may take a little longer at the start through investment to get your money to travel but you will have far better rewards in the long run. The second method is to have a job or business that will either pay for your travel, or your can claim tax breaks on. Of course there is no reason you can't have both.

Another way to make life better for you in the long run would be to combine everything together. Start a company that invests in property, and own property around the world. That way your business pays you to visit your properties, and there are some wonderful tax breaks available. I will inform you that this requires lots of due diligence and both financial and emotional intelligence. Plus this is only a suggestion. I have not done this yet, however, it is a goal that I am seriously working towards.

So that is how I have done it. I have investments that pay me, a job that allows for travel and a business that for me to do properly I need to travel to do. Again, this did not happen overnight, and I have not yet completed all of my goals. However, I wouldn't be here without goal setting, financial intelligence, emotional intelligence and due diligence. Plus I wouldn't be here (I am in Hong Kong at the moment) if I had put everything off.

So start planning, goal setting and saving. Do your due diligence on a reward program and if you get credit card that gives you points stay in control of it. But most of all start now. Because the longer you dream of it the longer nothing will happen. Make a change today.

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