AbouT
Information and Ideas to Support Your Journey to Financial and Location Freedom
Welcome to 1kFreedom.com!
Allow me to introduce myself; I am Richard, an individual who has spent several years traveling and residing abroad. Though not a full-time traveler, I don’t consider myself the typical tourist. Throughout my journeys, I have forged enduring friendships, predominantly with locals, and a few expats, as I repeatedly revisited certain countries over the years.
I believe that if someone could generate $1,000 a month in passive income they could be free. I am not saying you would never work again, but it provides a solid foundation. Rather than working a job that kills your soul, you could do work that is meaningful to you even though the compensation is not great (there are visa and tax considerations but that discussion is for another day). During my travels, there have been moments where I lived on $1,000 or less. You have options when you have passive income.
There are many details but I have organized my strategy into 5 parts:
1. Finances
2. Physical Health/Appearance
3. Language and Travel
4. Learn a skill
5. Mental Game
The most important of all of them is the last point. It may seem strange for me to say that. But all of our actions are driven by our beliefs, history and how we value things. I can tell you perfect formula for financial success now. Get a good job, spend less than you earn, invest and let the power of time and compounding do its thing. It is 100%* guaranteed to work, but it is so simple. But why do so few ever pull it off successfully? It comes down to the mental game.
I think that is enough for now. I hope you join me on this journey as I try to achieve this.
Be well.
* This assumes you don’t make stupid financial decisions or have any major unexpected financial events like divorce, uninsured medical events, etc.
Disclaimer:
While I strive to provide accurate and up-to-date information, please note that the information provided on this website is for entertainment purposes only. I recommend conducting thorough research and seeking professional advice before making any financial decisions. Remember, the path to passive income requires dedication, persistence, and ongoing learning. All information here should not be 100 percent trusted, consider the information here a starting point and you need to educate yourself further to make informed decisions that are appropriate for you situation. In other words, don’t blame me if it doesn’t work out for you. Be responsible for your own choices.