Constantly looking for sales in Singapore? Do your ears perked up and also eyes gleamed when you see discount rates or warehouse sales current? Well, there is absolutely nothing incorrect in that due to the fact that every Singaporean likes an excellent sale!
Exclusive online sales clubs have found their location in Singapore which offer huge discounts in their day-to-day sales because basically, there are a lot of bargain seekers in Singapore, an area that seems to be having sales throughout the year. From tiny retail electrical outlets to established chain store or countless blogshops and also private on-line sales club, customers remain in for a great price cut almost everywhere.
Sales in Singapore are seasonal in nature. Considering the end of the year, brand names will be getting rid of stocks as well as this corresponds well with the yearly Singapore Christmas Sale that is embraced by every brand name and also store as they capitalise on the Christmas buying. As soon as that is done, we get to completion of period sales as well as in Singapore, consumers are not decreasing even after their Christmas shopping spree as a result of better discounts.
As Singaporeans commemorate the New Year with aplomb, one expects the shopping euphoria pass away down however the begin of the year just brings after even more anticipate shoppers in Singapore. January still sees several stores clearing their stocks and also holding last price decrease sales. While they are bringing in brand-new collections, it is these period where brand names get ready for the Lunar New Year with just what else, the Lunar New Year sale !! With most of Singapore’s populace composed of the Chinese, this is one sale that will see lots of earnings for sellers.
It gets much better as completion of May gives Singaporeans what is perhaps the biggest and most awaited sale in the fiscal year; the Great Singapore Sale! Beginning at the end of May as well as running all the means through July, this mega sale is an island-wide event and also almost every brand name as well as shop will be whipped into this whirlwind of big price cuts, severe decrease of rates as well as absolute deals.
You could be sure that on the internet shops are not lost in all this, with the discount rates in their everyday sales easily matching a few of the biggest bargains you could discover in the stores. Yet this is just the tip of the iceberg in terms of clothing sales, as there are customer electronic sales in Singapore such as the Harvey Norman Sale, Courts Mega Sale along with the huge IT Fairs that occur as soon as every 3 months.
It is not everyday that you really get to feel all of your hard work pay off. When I started currency trading 3 years ago, it was hard. There was a learning curve, and at times it seemed daunting and elusive to actually be successful at trading.
I really believe that when attempting anything new, there is going to be a period of time where you just suck at it. When you are a person who really likes to win, it can be difficult to attempt new things. The trick is that you simply need to accept the fact that you are a rookie, a noob, a kook or whatever and that you are not going to be killing it one month out of the gate.
Trading currencies has been a game changer for me. Coming from the sales and marketing world, investing in general seemed to be for brainiac types who were really good at numbers. I knew that I could always make money in a situation where there was something to sell, but could i have the same success as an investor, or as a FOREX Trader?
When I first found the Forex market I was vacationing in Bali Indonesia on a surf trip. On a day where there wasn’t any surf to be had, I started looking for ways to make money from a laptop…. (Watch the video, it will explain the rest so I can get on with my story)
Once I found the market and made my first couple hundred dollars before the sun came up one random morning, I was hooked! Unfortunately I never took in to consideration that in order to win at trading, you are going to take losses, and I was a guy who didn’t like to lose. I proceeded down a losing spiral of lost profits and nearly decimated my entire trading account in less then a months time.
I took a break from trading and was feeling pretty beat up by the market. Losing can really screw with you when catch a bad streak like I did. I was not prepared for the emotional turmoil that ensued. Unlike anything I had attempted before, currency trading required me do adopt a high level of emotional intelligence in order to be successful at it. So I got back up, dusted myself off, and got back to it.
I went back to the school where I had originally learned how to trade. I went through the course again with no expectations and a new willingness to learn.
The curriculum didn’t change, my perspective did. This time around, I was a lot more humble. After all I got my ass kicked. After putting in 6 months of hard work in, I starting to see some positive results in the form of substantial equity growth in my account. I was ready to take the show on the road, and see if I could really do this from anywhere in the world.
I headed down to Nicaragua with my girlfriend with 3 goals in mind:
I scored big time. The surf was macking, and I was pretty sure my girlfriend was going to say yes to marrying me. I was just waiting for the right moment to propose. I started doing my pre-sessions & technical analysis on the market looking for some trades one morning, and then just like that, a couple trade set ups presented themselves and I pulled the trigger!
I closed my laptop, ordered an iced coffee and just sat for 10 minutes staring at the ocean and feeling like I had just pulled off a huge victory! I soaked it up, I proved that not only could I trade, but I could do it from a shitty hostel with bad wifi in Central America. Later that evening, I asked my girlfriend to marry me and she said yes.
So I got 2 out of 3 of my goals done. Even though $1,300 was not enough to cover the entire trip, I felt like $1,300 for 15 minutes of my time was well worth taking the rest of the trip for myself and to celebrate my new engagement. Besides, the surf was macking remember!
The moral of the story is that If you put your mind to something and stick with it, you can do it. The path to success is not linear, but it follows a trend!
If you want to know more about how you can become a currency trader and make profits in the market from a lap top anywhere in the world click the logo below and find out more about the FX365 Institute!
In my last blog I wrote about the Joy’s and freedoms of working remotely. If you missed it, read it here! This will give you a little better context of what I am writing about in this 5-Step process to finding the perfect remote job to keep you traveling and experiencing the world all while making money from your lap top.
Here is my 5-Step Process.
1 – Find a job, skill, or way that you can actually do that will produce income with out you physically needing to be there.
This is going to be your most difficult task. You may be saying to yourself “well I am a doctor, how could I possibly practice medicine from a laptop?” Well this comes down to how resourceful you want to be. My dad is doctor, a Podiatrist to be exact and he has been looking into what is know as “tele-medicine” which is basically on call and on demand video conferencing from doctors to patients. Say you have a foot problem, you go on the site, set an appointment, my dad would accept it, you are instantly connected, he gives your advice and recommendations and your done. The system charges the patients credit card and they go on their way. Booya, there is a way a doctor can work 100% remotely. You may be surprised what you find if you really start thinking of all the different ways you could monetize your skill sets right from a computer from anywhere in the world, don’t worry, we will get to that in number 2.
2. Get really good with technology.
If you are going to have any chance at being an entrepreneur on the road, then you are going to have to get really good with leveraging technology and automation. What do I mean by this. Well put it this way, I can pretty much run all of my business from my iPhone. Everything from a CRM to a VOIP telephone system that allows me to communicate effortlessly through WIFI any where in the world. This means that if you are planning on getting in to a business that has to ship “real” goods and logistics as well as a customer service dept. will be necessary, than you are going to have your work cut out for you. I am not saying that it is impossible, just going to take a couple extra steps of strategic planning and utilization of technology that automates the process.
3. Simple is better.
A good business is not necessarily a complex business. I would consider a solid business to be one that is profitable, allows you to live the life you desire and takes care of it’s employees and it’s customers. Some of the best businesses that I know of were born out of the simplest ideas or needs by a consumer. Take for example the work we do at the FX365 Institute, we teach people how to trade currencies all over the world from office in San Diego. We have students in 20 U.S. States and 4 countries that take our course 100% remotely and learn a skill set that allows them to make money in the foreign currencies market anywhere in the world from a laptop. Don’t over complicate this part. The less you need to run your business, the better off you will be.
4.How much do you really need to make?
My favorite part of explaining these concepts to people is conveying the fact that a business only needs to make you a “enough” money in order for it to change your life. If you added up all of your expenses annually, and then added in the costs to live in another country or to travel a couple months out of the year I think you will be surprised to find that you don’t need to make $300K per year to achieve your goals. In fact, I have been able to travel about 2 months out of every year for the past decade making around $100k per year. The best part is that I only really needed about $60K to sustain so any extra money that I make on top of my yearly nut goes in to savings and investments. This allows me to stay diversified, active in the markets using online portfolio managers, and open to new ideas and businesses while I can keep the quality of life I have come to enjoy. The point is to make enough and then a little more. You don’t need to be a millionaire to pull this off.
5. Multiple Streams of Income remotely
I know you have heard this one before, but maybe not through the lens of doing it remotely. Every book I have read on this topic is about real estate and multiple businesses that would require you to physically be somewhere to manage those streams. When you start to venture down the road of working remotely you start looking at businesses in a whole new light.
I have come up with a couple of questions that I use to test the remote possibilities of a business. These days, if they do not get passed these questions with a yes, then I am probably going a different direction. I wrote two articles that may give you more context when it comes to working remotely, follow the links below to check them out:
Does your Remote business pass the litmus test? Could you actually leave the country for weeks or months at a time and still count on the business to grow on its own and produce income.
In this article I am going to share with you some of the most important questions that you should be asking yourself to avoid a career that is going to keep you chained to your desk.
When I am approached with a business or come up with an idea, I ask myself these following questions to help me decide if I should even consider pursing the business. I wrote a blog recently about The Joys of working remotely and also my 5-Step process to finding the perfect career where you can travel the world and work from a laptop.
I have come up with a couple of questions that I use to test the remote possibilities of a business. These days, if they do not get passed these questions with a yes, then I am probably going to go a different direction. I wrote two articles that may give you more context when it comes to working remotely.
Now for the smell test questions:
1. If I spent a year building this business and I left the country for 2-4 weeks with out being able to call back or answer any emails would it still be standing when I go home?
This may take some introspection and some deep thinking about what the business is, who it would involve and what you would need to figure out to get all of the pieces together. This type of think and evaluation will become paramount when assessing situations for your business in the future, so play the tape out and visualise as best as you can where you would see yourself and the business in a year or two.
2. Is this a business I can run myself, or will I need to hire or contract out work to properly run it and if I do, will I be able to effectively manage the team remotely?
If you can do it on your own, great, do it! Unfortunately most enterprises even small ones will need to depend on others to accomplish what ever it is your business will do or provide for people. The question you need to concern yourself with is can you effectively manage then from a far or set the business up in a way where employees or partners can or would be self serving and motivated to accomplish tasks day to day to keep the company running smoothly.
3. On a scale from 0%-100% how much of the business can I automate?
(0%-60% is no good / 60%-80% is ok / 80%-100% is ideal). Automation is going to be key for you to managing efficiently from a far. It will allow you to batch work and delegate important work properly. Also it really allows you to step away from the business or parts of the business for days or weeks at a time and then come back to spot check at a later date. Most importantly automation usually takes the place of what human used to do and will allow you to perform more high value activities for the business.
4. Will it make me enough money to give me the life I desire to have and if so how long will it take to get me to that point? 60 Days? 6 months? A year?
For more on this topic check out my blog I wrote on Time vs. Money! This will really put this step in to perspective for you.
5. Pros and cons list – Now for the final step, write down all of the great things about how the business is going to get you what you want out of it. Examples could be things like “90% automation” or “allows me to travel 6 months per year” etc and then do the same for all of the potentially negative elements about the business. Make sure to be real with yourself here. Don’t sugar coat this part.
Once you have completed all of these steps, then you will have a solid understanding about what you could potentially be getting involved in. I can’t stress the importance of the exercises!
Working as a management consultant for a number of years I have a keen ability to understand what is going to make a business succeed or fail. Unfortunately most folks don’t even think about these things when starting a business. Instead they get excited about the idea, or one aspect of the new business and run with it throwing caution to the wind and ignoring or simply not flushing out the idea and all the pit falls that would ensue first.
Be smart, be savvy and get the business that will give you the life you desire but don’t ever be afraid to give your idea a litmus test! It will save you time, money and heartache in the future. These simple actions will keep you on the right track helping you to avoid a business or an idea that will stand in the way of a more well suited business or opportunity that will give you everything you need.
Do you ever dream of being able to run a business from anywhere in the world? Have you ever found yourself looking online for different ways you could travel abroad and somehow make an income while you were half way around the world.
Over the past decade I have been perfecting this skill. The truth is that it is not as easy as it sounds. This is especially true if you are used to a 9 to 5 standard day job. The dream of one day quitting that job and breaking free from the chains of the corporate world can be elusive and fleeting.
When I was 22 I left the country for the first time. I had always wanted to travel but I was a troublemaker growing up and spent the later part of my teen years in rehab getting sober. By the time I was 20, I had been sober for a couple of years and my life was back on track, so I decided to leave America and embark on an adventure.
I signed up for a study abroad trip to Spain, paid the money and prepared to leave home. To be perfectly honest, this trip wouldn’t be my first time out of America, I frequently went to Mexico in my teen years growing up in San Diego. None of my trips to Mexico had any real cultural importance. In fact, I don’t even really remember what transpired during most of those trips and never really made farther the the Tijuana bars on Revolution Blvd. This trip was going to be different, I was with college kids, and there was some structure, so I figured that was a good place to start.
I remember getting off the plane in Madrid. I was bustled away from the group with my host mom who didn’t speak a lick of English and was given a room in her little apartment. I was super jet lagged and had never been on a flight that long in my life so I passed out immediately. When I woke up it was dusk outside. I walked down the 4 flights of stairs and sat out on the side walk in the neighborhood I was staying in listening to all of the sounds of the city and taking it all in. The smells, the cars, the food, everything was different, I didn’t know anyone around, and I was far from home. I was in LOVE.
This first encounter of Wanderlust was intoxicating to me. I vividly remember it and I was so grateful to be in that moment experiencing life again in a new way for the first time.
I thought to myself, what if I could do this all of the time, what if I could just travel a lot? It was sometime on that trip that I decided I was going to need to find a line of work that was going to allow me to do this. About a week before the program ended, I told my professors running the program that I wouldn’t be accompanying them back to America, and stayed in western Europe an additional 4 months traveling around Spain, Italy and France.
Once I ran out of money, I came home. At that time I was running a Mortgage office which surprisingly was still standing after my almost 5 months of me being gone. It didn’t matter though because I came home in September 2008 just in time to watch the housing market collapse completely. I was screwed. I had done really well for a kid who dropped out of college to get rich but it was all back firing now and traveling was the last thing on my mind.
After the dust settled I was about $190,000 in debt and in need of a new career. I had decided to go back to college a year earlier and had about a year and a half left for my undergrad degree so I figured I would spend the next 2 years finishing college and finding a career that would set me up to travel the globe and make money while I was doing so.
The first business that I found that worked really well for me was multi-level marketing. It seemed like a great fit, I was recruited in to a company being sold the dream that if I spent a couple years working hard at building an organization, it would eventually take off and continue to pay me residually. This was PERFECT. I could build the business for a couple years to about $100K per year then disappear to Indonesia
For a first timer in MLM, I did incredibly well, and I build that $100k per year income in a short amount of time but it was short live. The first company I was with asked me to leave and the second company I joined eventually went belly up. Also every time I would leave the country on a trip, I found myself on my phone or laptop the whole time putting out fires and that was just plane stupid.
When I finally walked away from the industry I decided to put my entrepreneur hat back on. I had raised some money for a tech start-up and was actively learning how to trade currencies in the FOREX market.
I never lost site of my desires and dreams of being able to make money from a Laptop; I just needed to be a little more resourceful. I found that as long as I can offer real value to a client even being a great distance away, that my capability to earn money anywhere where I was in the world would be there.
So over the past 5 years I have been doing just that. Most of the consulting work that I do is never from an office, maybe my home office. I do keep an office at the Currency trading school that I have a long-term contract with but they have always been cool with me leaving and making my own schedule. Again, I attribute that leniency to the results I am able to deliver. The moral of the story is that there is a million ways to make money and add value to a person, place or business, however you need to be resourceful if you are going to do this from a laptop half a world away.
I have put together my top 5 tips to finding your own way to take your business on the road with you for good. Read “Top 5 Tips to Working remotely.” To see what it’s all about
If you are like me and are a nomad traveler that works remotely then having a working smart phone is an absolute must. Aside from getting work emails, checking the market and other tasks that you may use your smart device for on a daily basis, your phone is the most incredible travel essential for a remote nomad.
Imagine being in Viet Nam for the first time and you need to rent a scooter to find your hotel you booked on kayak, well imagine if you could get turn by turn directions from your iPhone with out having to ask a sole for directions.
Or, what if you are in Indonesia for the first time ever and are trying to haggle with street vendors to buy a shirt or exchange American Dollars for Indonesian Rupiah but you have no idea what the exchange rate is? Imagine being able to jump on to the XE currency app and know exactly what your $20 USD is actually worth.
Smartphone owners spend an average of more than three hours per day using their devices. That doesn’t necessarily stop when they go on vacations or work trips outside of their home countries. But if it’s not done right, international mobile internet access can be sketchy and it can cost a lot.
Here’s everything you need to know to get affordable access to data while abroad.
Find out what you’re working with
International roaming has gotten easier and cheaper over the past few years, but some older phones may still have issues. The vast majority of smartphones in the world run on a common type of network called GSM, but some older phones from the US and other countries use a different, incompatible technology called CDMA, which could limit where they might work. (Most newer phones sold by CDMA carriers, including Verizon and Sprint in the US, are “world phones” that can use GSM networks.) When it comes to newer, faster “4G” networks, most operators use a format called LTE, which has other compatibility issues between wireless bands. But roaming often still happens on older, slower networks.
If you know your phone will work where you’re traveling, next check to see if your phone is unlocked, which would allow you to switch SIM cards to another operator. Many carriers still lock phones to their networks, especially when they subsidize the price. In the US, nearly all Verizon Wireless smartphones are sold unlocked. Some providers, such as Vodafone in the UK, also need to be told if you’re leaving the country, so make sure to check if you need to let your provider know before you leave. If you bought your phone unlocked, or have unlocked it through an unlocking service, then you’re all set.
Figure out what your provider offers
Most mobile providers have international partners and offer international calling and data plans. And while they continue to come down in price, most are pretty expensive—and some are absurd. In the US, for example, AT&T charges $30 for 120 megabytes of international data use—which could last hours or days, depending on your mobile-data frugality. Sprint is worse, charging $80 for just 85 MB of international data. WIND in Canada charges C$8 ($7) per day to lower its international data rate to C$1 per megabyte—which is still rather expensive. The worst are plans or countries that still charge very high amounts per megabyte. In the United Arab Emirates, for example, Verizon Wireless still charges $20.48 per megabyte, which is prohibitively expensive for almost all uses.
Some providers offer a flat daily rate for international use, on top of regular charges. Vodafone in the UK charges £5 ($8) extra a day when you use its phones abroad. The European Union recently slashed data maximum roaming rates allowed across the region, so if you’re traveling from one EU country to another, you can find out the maximum that your provider can charge you.
There are a few providers that have international roaming—to select countries—included at no cost in their plans. Recently, T-Mobile in the US started offering unlimited roaming to over 120 countries, with the catch that download and upload speeds are capped at slow speeds. (It’s fine for most uses, including email, maps, and social media, but it won’t work for video or VoIP calls. But you can pay more for faster speeds—$50 for 500 MB over 2 weeks.) Three in the UK offers free roaming in some other countries, such as the US, France and Australia. Japan’s SoftBank recently launched a promotion that allows customers to pay the same rates when using Sprint’s US network (which SoftBank owns.)
Buying a phone abroad
If all you want to do is make calls while you’re abroad, there are some countries where you can buy a cheap pay-as-you-go phone. In the UK, you can pick up a simple phone for just 99p ($1.50). Some of them even have some amazing Siri-like features. In most countries, however, the cheapest phones won’t be less than about $50, so it would make sense just to stick with getting a new SIM-card for your own phone, or using a Wi-Fi-calling app on your smartphone.
Buying a SIM abroad
If you’re going to be somewhere for more than a week, or plan to use a lot of data, it may be worth buying a local SIM card. At London’s Heathrow Airport, for example, you can buy a variety of SIM cards from vending machines after baggage claim.
For the best deals, you’ll be better off heading to the local high street or mega-mall. With Vodafone UK, for example, you can buy a £10 ($16) top-up and get 500 MB of data and 100 minutes that you can use for 30 days. In France, Orange sells prepaid SIM cards at its stores, and 500 MB data top-ups for €10 ($12). If you’re visiting the US, T-Mobile offers prepaid SIM cards for $10, with an option to pay by the day for unlimited data for $3 a day. In Japan, B-Mobile offers relatively inexpensive data-only service to foreign visitors.
Some providers, like Three in the UK, also offer short-term contracts that you can cancel after the first month that are equally affordable. Just don’t forget to cancel them when you leave the country. China Mobile offers a SIM that works in Hong Kong and mainland China for 90 days for HK$120 ($15).
Some countries have mobile resellers, like the UK’s Carphone Warehouse, which will have options for multiple mobile providers. Find a sales representative and ask them to help you figure out which option works best for you. If the country doesn’t have resellers, many will still have standalone stores for each mobile provider. If you’re buying a SIM for your phone, figure out which providers are compatible with your phone before you go in. If you don’t speak the language, it might be helpful to write down some basic requests, like “nano-SIM, 1 GB data”—or look for their sales pamphlets.
If you’d rather have everything sorted out before leave home, GigSky is another option. For $19.95, they’ll provide you with a SIM that lets you access data networks in most countries. But their rates are generally higher than buying a SIM from a local provider.
There are some downsides to using a foreign SIM. Most notably, unless your phone has two SIM slots, you likely won’t have access to your home number, or calls or text messages that go to it. And certain services tied to your home number, including Apple iMessage and WhatsApp, may need to be reconfigured—an annoyance at best.
An O2 mobile store in the UK. Mobile stores are often clumped together, so make sure to shop around.(Reuters/Luke MacGregor)
Many countries ask for a passport for identification when you buy a mobile service. In some countries, such asSouth Korea and South Africa, it’s difficult to purchase any mobile service without a local address or a visa that lasts longer than 90 days. If you have a friend in the country you’re visiting, ask them if you can use their address to sign up for an account. If you have no contacts, check to see if there are options to rent a phone from a local provider. Otherwise, you may have to rely on Skype and messaging apps over Wi-Fi, or whatever roaming your home provider offers.
Using your phone
Make sure to test out your new SIM card before you leave the store. Usually, you’ll need to restart your phone before the new service will start working. (Sometimes, it could take hours to activate—less ideal.) It’s a good idea to send a text or call someone just to make sure everything is working. You’ll also need to figure out the country dialing code for the country you’re in so that people back home will know how to reach you.
Penalty fares for going over data limits are severe on most carriers, so make sure to choose a plan that will cover the amount of data you’re likely to use while abroad. AT&T has a calculator to help you estimate how much data you use if you’re not sure. It’s probably best to avoid doing anything too data-heavy while abroad, like streaming music or videos, or downloading games.
Calling home will be expensive on almost any plan you purchase. You can check to see if the provider you’re using offers any international dialing plans that you can add on to your service. In the US, AT&T’s international dialing plan is an additional $5 a month. In the UK, you can add an international dialing package to a PAYG plan for £10 ($16). Alternatively, you can stick to Wi-Fi options, like Skype or Apple’s FaceTime.
There are also apps you can use to call from abroad. Roamer lets you make and receive calls from your regular number, even while you’re out of the country. Vonage also offers cheap VoIP calls through its apps for iOS and Android phones.
Other things not to forget
Bali is one of my favorite places to travel to. The first time I went back in 2010 I fell in love and it stole my heart. Since then I have been back multiple times, and I currently in the process of looking for a villa to buy so I can live between there and San Diego a couple months out of the year. I have been there so any times now that I have become somewhat of an expert on making your way there and how to avoid some of the typical tourists traps. Reading this blog will save you a couple of hours sifting through trip advisor and lonely planet. Enjoy!!
You can find flights from the US ranging from about $650-$1400 round trip for a standard economy ticket.
Bringing surfboards boards can make or break your travel budget. YOU MUST CHECK TRAVEL AND BAGGAGE RESTRICTIONS on all airlines. For example. China Air charges $100 per board each way when EVA air will charge $100 for a board bag (up to 2 boards) each way. You can find a really cheap ticket and end up paying $400 to get your boards to and from, so make sure you check before you buy.
Also, I have simply bought a surfboard when I got to Bali and sold it when I left, you lose about $100-$150 on the resale of the board, but it usually ends up being a wash.
I have included a short list of all the popular places that people usually stay. If the name of the city is not on the list below, don’t stay there. For a group of 4+ people of mixed surfers and non-surfers, I suggest Canggu or Seminyak through Airbnb. Should be about $150-250 for a 3-5 bedroom place. Uluwatu is cool to stay at but there isn’t much to do on that side of the island exact go surfing.
Here is the break down:
One thing that you will need on your trip is access to $. I use a capital one account that charges no ATM or international fees and the best part about it is that if you use this link to sign up for the account, then you even get a $20 bonus just for opening it up.
The checking account has no FEES, No minimum balances, no gotchas or any other bullshit, it is my GO TO travel fund that I have used for years. So everyone reading this please follow this link, open an account with enough time before your trip to make sure you get your Debit/ATM card before you leave.
I’ve got it figured out to where you can pull money out of an ATM in Bali getting NO FEES ON EITHER SIDE!!!!
Here is what you can expect to be spending daily and what things cost.
I take out a travel insurance policy anytime I leave the country. I have ended up making a claim on it about 50% of the time. Travel insurance covers everything from Broken Boards, Smashed or Stolen Go-Pro to lost and delayed baggage and trip cancellation and or Medical expenses. Some people think their credit card covers this shit but it doesn’t. On average a travel insurance policy for a trip that we are taking is going to run you about $80-$120 and is worth EVERY FUCKING PENNY!
I usually go directly to my local AAA office and do it there, however if you are not a AAA member, here is the company I have used and they are solid and have paid out all the claims when I made them http://www.allianztravelinsurance.com/
For your convenience, I have included my packing list I use for Indo trips, this will cut down on you bringing a bunch of extras stuff and ensure that you have all of your really important items. (Click link to download the excel spreadsheet)
Cell Phones and Calling Home
You can get a cheapo phone in Bali to use to make calls locally or you can do what I do and get and “Unlocked” phone and buy a pre-paid sim card for it. Usually your best bet is to get an old iPhone, like a 5 or 5s (around $100) and just use it there. They are really convenient to have because you can get internet on them and use Google maps feature for turn by turn directions while you are navigating around on your scooter. Just makes sure that it is unlocked and you are good to go.
Otherwise you will be using Skype to make phone calls home, so if you don’t have an account, set one up and put $10 worth of credit on the account. Thats all you will need to call home, unless of course you have Mac or what to use FaceTime from your iPhone which is free with Wifi.
Here is a breakdown of the time changes so you can make calls.
Ok thats all you need to know. Your welcome as a bonus, I threw in the surf guide.
It’s a wrap, we’re married!
Keeley and I want to thank you from the bottom of our hearts for sharing this chapter of our life. The wedding was absolutely amazing. Better than Keeley and I could have ever imagined or anticipated. We hoped and planned for the best, but what transpired over the week in Costa Rica went far beyond our expectations.
All of this could not have been possible without the love and support from our friends and family who graciously made the journey from all over the world to join us on our special day. Our hearts are filled with gratitude and we are so elated over the entire experience. We rode zip lines in the jungle, surfed in the warm Central American water, did lots of yoga and got married on the beach with our toes in the sand and an amazing Costa Rican sunset as our backdrop.
The most amazing part of our wedding week in Tamarindo was how everything just flowed. The weather called for pouring rain on our raining day, it didn’t rain a drop. We were able to spend time with all of our guests who came which was important to us because everyone made a long journey to get to Costa Rica.
To top it off, not only did our guests get along, they all made friends with each other which is so cool. I don’t know if I can attribute that to the quality of friends Keeley and I have or if we just got lucky on when it came to personalities that just jived. Either way, I have never seen a group of people in my life get along and engage with each other so well especially with such a diverse group of people from so many different walks of life. It was just really neat to experience that!
I am writing this final newsletter/blog from Santa Teresa, Costa Rica (about 4 hours south of where we got married). I have finally had some down time to take in the entire wedding experience. As I look through the photos, and see the posts coming through on Facebook and Instagram, I am filled even more with gratitude. I can honestly say that this wedding was the best day of my life. To be able to share this beautiful country and our wedding day with our families and closest friends meant the world to me.
We were able to capture this experience in time and essence of the entire week through photos and video of the wedding and all of the activities leading up to and after the wedding. As a result of this, I am going to make a very cool video outlining the entire trip. Look out in the next couple of weeks for that as I will put it up in another blog post along with links to download all of the photos from the wedding.
Also, keeley and I have decided to have two different receptions sometime this summer in San Diego and North Carolina for all of the guests who simply could not make the trip. We will send out a newsletter announcing that when we choose the dates.
Until then, thank you from the bottom of our hearts for everyone who came, it was absolutely magical!!!
Love Steve and Keeley.
Being in debt sucks, you should get out of it. America is HIGH on credit cards, loans and just living way beyond our means in general. It’s got to stop because it’s simply a vicious cycle of madness, and will only end if you make the personal choice to do it in your own life.
“When you get in debt you become a slave.” -Andrew Jackson
It has been a long time coming for writing a blog on this topic. I write a lot about life-style and ways to accumulate wealth, but there is another side to the wealth coin and that side is DEBT. We all know what it is because at one time or another we have all been in it. For most people I meet, being in debt is a part of everyday American life that 99% of Americans live in day in day out. The other 1% owns all the wealth, and we can’t get to where they are because they are the ones lending the money 🙂 Imagine if we lived in a world where you couldn’t get a credit card or a loan. Think of how different the world would be, how much stress would be lifted off of you or your loved ones. What if you woke up tomorrow and you were magically at $0. How would that change your life? Here in America, we start getting credit card offers weeks before we turn 18 years old, with banks enticing you with instant gratification telling you to buy now and worry later. Sadly it has become a way of life here in the U.S. and I believe it will ultimately lead to our downfall. The powers that be do an incredible job keeping us in a constant state of denial, and for good reason too, because it’s hard to sell you on the idea of being ok with getting in to debt if they actually told you what you were really getting yourself in to.
Let me throw a couple of stats at you real quick on the US debt situation, then we will get in to your shit! * As of April 1, 2014, the official debt of the United States government is $17.6 trillion ($17,578,141,920,036). This amounts to:
U.S. household consumer debt profile:
James Quin from financialscense.com writes: “The average hard-working, taxpaying American has been enslaved in debt of such proportions that they will never be able pay it off. Your share of the $17.6 trillion National Debt is now $55,372, and growing by $4,500 per year. Your share of the future unfunded liabilities, created by the people you elected, is approximately $350,000. This crushing burden is in addition to the $13.8 trillion of mortgage, credit card, student loan, and auto loan debt Americans have accumulated in the last three decades of delusion. Forty percent of all credit card users do not pay-off their credit card every month and carry an average balance of $16,000 at an average interest rate of 15%. Good to see the Wall Street banks passing along some of their 0% borrowing windfall to their “customers”. ” So what does this all mean? Well it’s simple, as a country we’re F*&%ed. As an individual, you may have a chance for redemption if you choose to take the hard road and opt out of the vicious cycle, but it won’t be easy. In this blog, I am going to share with you some of the key ideological changes I underwent as well as the actions that I took to get my debt managed, and eventually paid the f%^& off. If you do exactly what I tell you to do in this blog, you will be well on your way to getting out of debt for GOOD! I will explain how to cut your interest rates in 1/2 if not more. Here are the steps.
1. Stop the bleeding – Ok, if you are serious about doing this, it’s time to make some hard decisions. I don’t mean like you need to tighten your belt a bit and cut back a little, I’ll equate this to a obesely overweight person that needs their stomach stapled, and triple by-pass heart surgery to stay alive. This means fire sale time. You go through your house and collect everything of any value that you don’t use. My indicator is: unless it’s a seasonal item like a snowboard, if it hasn’t been used for 6 months, sell it, thrown it out or give it to goodwill for a tax credit. Anything you own two of needs to be reduced to only one, after all, why do you need 2 anyway? This includes big ticket items like cars, motorcycles etc. Next you need to look through your bank statement and find any subscriptions or monthly reoccurring charges that you don’t use on a regular basis. For example, expensive gym memberships, magazine subscriptions etc. Be vigilant, we are talking about things you don’t absolutely need, if you need your gym membership, I”l tell you how to save on that later on, but for now, just follow the directions. If your a person like my mom who needs to hold on to everything, than you need a close friend to help you through the process like a drug addict needs a sponsor to keep them in check, you can’t be trusted.
2. Reality Check – Time to get out of denial and face the truth. Gather all the statements of debts you have. College loans, car loans, credit cards, mortgages etc. Then start an excel spreadsheet to lay it all out. I’ve included the one I used that gave me a clear picture of what I owed and the percentage rates I was paying. (StevenEwolf.com Debt Worksheet). Once we have it all laid out on paper we have “THE NUMBER” meaning the price you will have to pay for freedom. For me that number was $160,000 in 2010, and I got it under control without a bankruptcy or credit help bullshit company. It can be done, if I can do it, you can too.
3.Budget time – Here is where you sit down with your loved one, or by yourself if your single and simply find out how much you are making and how much you are spending. To get an idea of this, I strongly suggest you use a budget program like Mint.com. I used mint.com and still use today to mange my income, expenses and investments, it does all that for you in one simple program by collecting all your financial data and putting it in one easy place for you to see and manage. It will give you a snap shop of your current cash vs. debt as well as up to date information about every asset and liability you have. It will also allow you to create a budget based on your income so you can track and see exactly how much you are spending and what you are spending it (or wasting it) on. This can only be done once you figure out what your income is. If you are like me, and never had a constant pay check, this will give you data collected over a period of time to help you balance out your income as you receive it.
4. Savings Strategy – What is savings you ask, well that’s money that you don’t spend, something that is not a familiar practice to my generation. Here is what it needs to look like, I’ll give you an example for an income of $5,000 per month. (I adopted this practice from the book The Richest Man in Babylon & Secrets of the Millionaire Mind and customized it to fit my needs to get out of debt and build wealth)
*****Note, a tax savings account is necessary if you are a 1099 guy like me, if not don’t worry about, the government steals it from you already every pay period at your W-2 job. So for the sake of this example Red will indicate W-2 Person, and Green will indicate 1099 person.
Total Income $5,000
-20% ($1000) in to separate bank account specifically set aside for taxes. Capital1 – 360 gives you free Savings and Checking account with no minimums or ATM fees, that pays you a .75% yearly APR yield (5 times national average). If you follow this link to the right and you will get a $50 referral credit just for signing up through my link! (You see, pays to read my blog!) So do it NOW!
50% of whats left after taxes ($2,000) ($2500) Goes in to you spending budget. This is to be used to pay the mortgage/rent, gas utilities, car payment, food etc.
20% Goes in to savings. ($800) ($1,000) // This is money that you will invest in to something later, but don’t worry about that just yet because you don’t have any money yet, so just save it and if you are in serious debt, all of this money will go to pay off debt starting with high interest credit cards and loans 🙂
10% Goes in to the “emergency/big ticket item fund” ($400) ($500) // This is money for a new car or a trip, something you may want but don’t necessarily need so if shit hits the fan you can use the cash to get you out of a pickle, but the hawaii trip is not gonna happen this year as a result of it.
10% Goes in to the “Play” fund ($400) ($500) // This is your money to blow on what ever you want.
10% Goes in to the “Charity/Education Fund” ($400) ($500)
4. Budget Review – By following the example above you easily get a hold on your own personal spending, not lets cut some more monthly costs. Time to sit down, look at everything you decided to keep: memberships, subscriptions etc. If they don’t fit in to your budget, you need to cut back even more. It is however worth calling all of the entities and seeing if you can reduce the membership costs. I called my gym, they cut my membership rate in half, then I called some magazine I subscribed to, they gave me a year free, then the cable company, then my cell phone provider and so on. By the time I was done calling every single entity that I had a subscription with, I managed to hang on to one or two things I would have had to get rid of by just calling them and asking for a discount. Once you have accomplished getting this all together and knowing that you are at least not going negative every month, we can go to the next step.
5. The Credit Card Shuffle – Ok let do some plastic surgery. First pull out that debt sheet that you have downloaded from above. Remember the one where you wrote down the total amounts you owe. Ok, now pull out all of your credit cards and start calling each one, here is what you need to find out, and do this exactly like I tell you to here!
1. Call the CC company and find out what you actual rate is on the card.
2. If you have balanced transferred money or have a promotional rate of some kind, find out the rate and when the promotional rate ends and then indicate it on the sheet just like the example I have set out.
3. Ask the customer service agent if they can lower your rate. If they say no, ask them if they can waive this months interest charges as a courtesy. Most companies will do this at least once per year.
4. Ask them if they have any promotions on Balance transfers, don’t do it yet just find out if they do. (It’s usually 0% for 6-12 months or 4.99% for 18 months. They will charge you between 2%-5% to move the money)
5. Repeat this step until you have called every single one of your credit cards and recorded the information on the sheet provided. Now that you have an idea of how badly you are being raped by finance charges, we can start the shuffle. Looking at all of your existing credit left on cards, figure out if it would make sense to transfer balances to cards that have room. Take in to consideration that it will cost you money to move the money, so if the benefits of savings don’t outweigh the costs to move the money or you simply don’t have enough credit left, you will have to choose another option. The main idea is to try to get any credit card balance to 0% or as close to 0% as possible. Some of you may still have good credit if that’s the case, use the following method, if not, read on, there is options for you. If you can swing, pay your highest APR% cards off immediately, meaning any card that only a couple hundred bucks or something on it, just pay it and check that one-off the list.
If you have a good credit score or are a home owner:
1. Ask each CC company to raise your line of credit, explain that you need the credit for business travel.
2. Try to move all of the balances ton ONE card so it’s easily manageable and at the lowest rate. If you have to spread this out over 2 cards, do it, but make sure it makes sense.
3. If you weren’t able to get the CC companies to extend you more credit, try to get a personal consolidation loan. I used one of their and it drastically helped me get out of debt faster. The best company with the lowest rates is Lending Club. Lending club will beat any other personal loan service or big bank on unsecured debt consolidation loans. If you do this, you can get a secured loan for 3 years that can be paid off early with no pre-payment penalty. Otherwise, try a HELOC on your home or a refinance to wrap the debt in the equity if you can do it. If your debt is only a couple thousand it may be a good idea of doing a “used-car refinance loan” and wrapping some of the debt in to that if you have some equity in a vehicle.
If you have bad credit or have no home.
1. See what you can do to move balances around to 0%. If the CC companies won’t extend you credit then try the personal loan from Lending Club like I mentioned above. They still have some great rates with people who have below Prime credit scores.
2. Get a copy of your credit report and find out exactly what you have going against you that is affecting your score.
3. If you can’t get more credit to move balances, and you can’t get a personal loan that makes sense it’s time to start playing dirty with your creditors. The following advice is the last option that you will before you have to start looking at bankruptcy as a viable option. (I will not be covering bankruptcy in this blog because if your situation is that bad, you need to get in touch with an attorney and discuss your options.)
4. Credit card consolidation companies are bullshit. There is nothing that they can do for you that you cannot call your credit card company do yourself. They basically charge you money to “go to bat for you” but what they are really doing is serving as a middle man between you and the CC company and make a little money off of your hard ship. I’ll share my story explaining below at the end of the blog.
6. Sticking to the plan no matter what – The hardest thing that you will encounter when trying to follow these steps is the feeling that there is no end in sight. That you feel so far away from $0 that you want to give up or just say F%^&* it. Understand that it was that exact attitude and lack of discipline and knowledge that got you in to this situation to begin with. In fact, you have probably spent years getting your self in to this situation, so don’t think that this is going to get fixed over night.
What I am proposing here is a long-term and effective strategy to recognize and asses the problem, reconcile the damage done, and then install a system of ideological principles to live by. Taking all of the actions I have laid out here is a start but the ultimate idea here is that you change your mindset, and that you do it long-term because if you use what I gave you here to get out of debt just to do it all over again that we have failed. So, be brave, be sturdy, and most of all, find some gratitude and accomplishment in the fact that you are doing something about it. Just that is a huge step that you should be proud of.
Summary and a Personal Story.
As I indicated before, this guide isn’t something I thought up last night, this knowledge comes from years of experience going through this myself. I have been through some very scary times, and if I could, I would love to help you avoid some of those pit falls in life. When the market turned in 2008 I went from owning a house, with a brand new BMW paid with cash to $160,000 in debt ducking creditors and conducting a fire sale with any assets I had left to try and cover the losses. I didn’t do it all correctly and I wish I had seen a blog like this one to help me out of that horrible situation. As my good friend Rob Guth says “ask me how I know?” I love the saying because it comes from experience, and it the experience of the good and bad that has allowed me to learn from my mistakes and come back from some dark times with hope and re-energized spirit to not only continue on when things go south, but to always have hope that tomorrow is a new chance an opportunity to turns things around if they not going well, or continue to rise if they are.
I hope that you take what I wrote here to heart because these nuggets of information have cost me years of my life and hundreds of thousands of dollars to obtain. Learn from it, apply it, and execute it in your own life and enjoy years of time and lots of money saved because you were wiser that I was to look. If this blog speaks to you, share it the information with your friends, family and people you care about. If you have questions, comments, concerns, feel free to post in the comments section or contact me via the contact page.
I wish you the best of luck!
See you at the top.
Solutions Links as indicated above.
4. Lending Club
In 2012 while vacationing in Bali I was looking for additional ways to make income while I was traveling abroad. After looking at all kinds of different money making opportunities that could be done online I landed on FOREX trading.
So what is FOREX?
The Forex (Short for foreign exchange) market is the market in which world currencies are traded. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world. There is no central marketplace for currency exchange; trade is conducted over the counter. The forex market is open 24 hours a day, five days a week and currencies are traded worldwide among the major financial centers of London, New York, Tokyo, Zürich, Frankfurt, Hong Kong, Singapore, Paris and Sydney. The forex is the largest market in the world in terms of the total cash value traded, and any person, firm or country may participate in this market. The greatest part about it is that it is truly a recession proof way to make money because it is never based on any one country’s economy. With so much cash going through the market each day, becoming profitable based off a conservative approach is not all that hard to do. It is also much more stable of a market and in a lot of ways more predictable that the stock or futures market once you learn the basics.
Sounds Complicated, how do I get involved and not lose money?
If you are anything like I was, I didn’t know a thing about FOREX trading and am not a math or numbers guy at all! I had a preconceived notion about the Forex market. All I ever had experienced about Stocks, bonds, futures, commodities or FOREX was that there was some really smart people that worked on Wallstreet who understood how all this stuff works and that in order to not get slaughtered in the market you must give these people your money and they some how make you money with the money you invest minus their commission of course. When I was 23 I had about $50,000 in the market being managed by Smith Barney. When the economy bottomed out in 2008, my bank roll was decimated by about 75%. I pulled the rest of my money out to cover losses on other real estate investment deals that had gone bad. So all in all, my experience was horrible to say the least. I told myself back then, that I was never going to give my money to someone else like that ever again and just trust that they were going to manage it like I would. Sure they may be smarter than me at investing in domestic markets than I am and I wasn’t personally about to go learn how to be a day trader, but I always believed there had to be some happy medium where I could conservatively invest, control and manage the money I put in to anything hoping for the best return.I found this in the FOREX market.
So how did I get involved and not get slaughtered?
Now this is the million dollar question because if you look on the internet and google FOREX, you find all kinds of crazy stuff about the market ranging from the “follow my system and be a millionaire in a week” – guy to the horror stories of the person who funded their account with 100K not knowing what they were doing and lost it all or most of it. I was extremely skeptical myself and I went looking for a person, school, formula or mentor to help me make some sense of all of this and what I found was amazing.
I live in San Diego, so I was looking for something local. I found a school called the FX365i Institute that was known mostly for it’s ability to teach FOREX trading online. They were teaching people from all walks of life the discipline and proper education to becoming a successful trader. I went in to the school (because it was local to me) to sit in for an orientation. Much to my surprise, these guys weren’t selling some get rich quick scam. More importantly they were speaking from experience explaining that the method they teach is not typical, instead it’s what they call the “Un-cola” meaning that what they teach is the direct opposite of what can commonly be found at any other Forex trading school online or in a physical classroom. They told me that I could physically come in to the trading floor every morning or just log on to the webinar, it was up to me, but the tuition gave me both.
By the end of the presentation I was sold, but before I spent my hard earned cash on the course to the tune of $4,500 I wanted to see some success stories and I wasn’t looking for the guys who were in the 30’s with a ivy league education who were finding success in the Forex market, I was looking for the average Joe’s who were plumbers and auto mechanics by trade and successfully applied the education from the FX365i school in to their trading strategy and were winning.
So I showed up on a tuesday morning at 5AM PST time when they started a normal trading day and what I found was a classroom full of people that were a hodgepodge of young and old from all walks of life that were figuring this thing out. Some had been trading for up to 4 years with the school and some as new as 1 month, but what they all had in common was that they were producing more positive trades than negative rendering them a profit and more importantly a skill set the will eventually lead them away from their day jobs and to a life of freedom and early retirement.
I signed up the very next day, gladly paid the $4,500 tuition and was on my way to pro-trader freedom.
Since then, I have been trading with the Fx365i Institute for about 6 months, my account in the Black, I’ve been trading real money in small lot sizes for about half that time and I couldn’t be anymore happy with the results. When I go off traveling it’s no problem either because I just tune in to the live webinars every morning and trade with the class from anywhere in the world. I’m never alone in this which is very important because the market can be intimidating at times and thats why I really like the hand-holding process that the FX365i Institute has adopted in taking a new student from not knowing the first thing about trading currencies to a pro-trader in a year that can live off the profit he or she is making in the Forex market.
In fact I have had so much fun and success with theses guys that I want to begin to share it with the world so other people can have the same experience that I have had. A way to financial freedom and abundance through the FOREX market.
So if you are interested in finding out more about FOREX, or how to become a student at the FX365i Institute, click the button below the video to find out more.