How To Finance One Year Of Freedom

With global lock downs continuing, there’s a good chance you’ve got the travel bug. At this point, I think everybody just wants to get out of their house and have fun. Of course, that might not be possible for several more months. And when it does happen, there’s no sense in just taking a measly two week vacation. Instead, you might as well enjoy a year of freedom, jetting around the world and enjoying life on your terms.

Of course, you need money to do this.

Some people will dip into their savings, but that’s not a good idea. There’s no sense in tasting one year of complete freedom, only to spend the next two years paying back the expenses.

Instead, you’ll want to do something a lot smarter.

Something this article lays out in detail.

That’s right, you’re about to read a step-by-step guide on how to finance one year of financial freedom.

You Need To Build Up Your Cash Flowing Assets

Now is the time to stack money and buy income producing assets. With the world re-entering lock downs, you can’t go anywhere or buy anything anyway. So you might as well use this time for building your net worth.

As Charlie Munger, business partner to Warren Buffet and one of the richest men in history, once said:

The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do—if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit.

Luckily, you don’t have to worry about clipping coupons or walking everywhere, because most things are closed. If you’re hanging out at home, you can easily save enough to start making some sizable investments.

Set aside a thousand dollars per month and stick that money into dividend stocks. Let that money compound, and watch as you start getting paid every month just for having a pulse.

Can Your Assets Buy One Year Of Freedom (Or More)?

Once you have somewhere between$80,000 and $150,000 (depending on what you invest in), you’ll start earning about $5,500 per year. Or about $15 per day. While this might not seem like much, it’s free money and more than enough to cover housing in most of the world (yes, including nice areas).

You can easily rent a nice apartment for under $500 per month in Mexico, Vietnam, Columbia, and Thailand.

Here’s a $350 per month apartment in Vietnam (located in a great neighborhood by the way):

And here’s a fully furnished apartment in one of the nicest parts of Mexico City:

Plus, you can always use your dividend income to buy into more expensive and higher-end accommodations. Suppose you have a $400 per apartment budget, and an extra $500 per month in dividend income.

With this combined income you can now afford any apartment up to $900.

In other words, you can go from staying here:

To staying here:

Of course, you can’t just stick your money into any random investment. You need to be smart and pick good, quality, stable assets which pay a reliable dividend. Which is why I recommend the Top Dividend Stocks newsletter. Every month you get in-depth reports on high-grade companies to invest in. These aren’t penny stocks or speculative assets either. They’re solid businesses that most people never think of (for example, you probably eat cereal from time to time. But did you know that General Mills has paid an uninterrupted dividend since the 1800’s? And that the company shares have skyrocketed 70% in the past 10 years? Talk about a safe investment!).