I’m the creator and owner of Asian Love Connections.
I’m also SINGLE, and I am looking for my dream ASIAN BRIDE.
I realised I wouldn’t find her while I was still in the UK.
So in early 2013 I quit my job and spent 4 months living in China, followed by 6 months in Thailand.
When I ask why other guys don’t do what I did, the main problem is usually down to MONEY.
So if you want to travel abroad for a year or more, here’s 6 ways of financing it…
1. Build a Warchest of Cash
I dated my first Asian woman back in 2009. She lived in China, so I flew out to meet her and spent a week with her. She was great, but that week was mostly spent battling jetlag and getting my head round the vast culture shock on going to such a different country.
Back then I realised the best way of finding an Asian wife was to go and live in Asia for a while. That would obviously require CASH, and lots of it.
So I started a plan of saving every single penny I could, and build a massive warchest of cash.
How did I do it? By maximising income, and minimising expenditure.
My main mantra was to live well within my means. I did go to Asia a few times, and I met a few more ladies. But when I was back in the UK I lived pretty frugally. The main thing I did was to stop buying anything other than the essentials. So no DVD’s, no cigarettes (I don’t smoke anyway), no lottery tickets, no $50 T-Shirts and definitely no visiting StarBucks.
Small savings DO add up. Save just $3 a day and you’ll have $3285 in 3 years. That’s enough money to live in Bangkok for 3 months.
If you earn $100 a day, then try to save $30 of it. Assuming you work 260 days a year, then after 3 years you’ll have $23,400.
That’s more than enough money to live for a year in South America, Eastern Europe or most of Asia.
So save, save, save and you’ll be well placed to live your dream of spending time overseas. The result was that after 3 years I’d saved up enough money to go and live in Asia for at least 3 years.
If you want to do the same, then the key thing to focus on is INCOME. If you’re in debt, don’t focus on the DEBT. You must focus on INCOME.
If you don’t have enough income, find a better job. Or start a job at home.
I also made my money work hard. Due to inflation, once you put money in a checking account, it starts losing its value straight away. So be sure to seek out interest-bearing accounts.
It’s also worthwhile learning about how to invest.
Most of my savings are invested in stock markets, and I’m also a fan of high yielding bonds.
Today my monthly income from my investments pays most of my rent while I’m living in Asia.
I bought a lot of my investments while stock and bond markets were a lot lower. But don’t worry – there’s ALWAYS something worth investing in!
I tend to invest while others are fearful. At the time of writing I’m mainly investing in Asia. Asian income funds are quite attractive right now, as yields have gone up and there are good prospects for long term capital growth.
If you have larger amounts of cash, a good long term home for it is usually property. I bought my first (and only) rental property back in 2006. Now I’ve paid enough of the mortgage off that the rental income pays the mortgage and other expenses. Eventually I’ll earn a nice 2nd income from that property.
2. Keep Your Job
Why quit your job and go overseas? If you love your job, or your boss loves you, then try to keep your job!
If you work in an industry where you can work remotely, then see if you can work from the other side of the world. There’s pretty good Internet access everywhere these days.
Alternatively, arrange for a sabbatical and agree to come back after 3, 6 or 12 months.
Depending on who you work for, you might even be able to work in an overseas office that your employer might have. And if they don’t have an office in China/Brazil/wherever you want to go, why not suggest that you go out there and open one!
I did try to arrange to work remotely and/or have a sabbatical, but I failed to reach any sort of agreement with my employers. That sucked, but luckily I could survive financially without them.
Generally speaking, it’s way easier to find another job than it is to find a wife!
3. Find a Job Overseas
If you want to travel but don’t have the means to save up a warchest of cash, then it is possible to work overseas.
By far the easiest way to get a job in another country is to become a language teacher. Get a teaching certificate like a TESOL or CELTA and you shouldn’t have too many problems finding a job in China, Korea, Japan or in South America.
Most language teaching jobs pay enough to have a pretty good lifestyle in any of these countries. If you teach English in China, you’ll normally be given a free apartment close to your school. You might also be able to eat your meals in the school. You’ll also be given a monthly salary that’s usually around $1200 (more if you work for an elite institution).
Incidentally, if you’re not a native English speaker then you can also work abroad teaching any other language. For example, Mandarin Chinese courses are in big demand in Thailand due to the vast numbers of Chinese vacationing there these days. I’d expect to see similar demands for Russian. I’ve also heard that Spanish teachers are in demand in China.
There are other opportunities out there that don’t involve teaching though. I nearly got an IT job while I was living in Bangkok, and a Japanese guy I knew there found an IT job there in about a fortnight after starting his search.
4. Find a High Paying On/Off Job
While I was in Thailand, I heard stories of guys who work for 3-4 months, then spend a couple of months chilling in somewhere like Pattaya.
In the UK we have a lot of guys who do the whole work for a month/rest for a month thing. They usually work in the North Sea Oil fields. When I was a kid, my neighbour used to work in Saudi Arabia.
If you’re married then you obviously use the time off to go back to your family. But employers will usually be more than happy to pay for your flight to somewhere else instead, like Bangkok or Southern Europe.
These jobs are often highly skilled, but there’s also a lot of “grunt work” for less skilled guys.
Seek out these jobs if you need cash and want to have plenty of time off as well. Good areas for these jobs include oil, mining, security and IT. The jobs are normally only available in the world’s inhospitable places and trouble spots. But this is partly why they pay so well.
If you know more about how to find these types of jobs, then leave your suggestions in the comments section below.
5. Start a Small Business
Most countries are pretty strict about foreigners working there, so to get round this you can start your own business.
Having your own business also means you become LOCATION INDEPENDENT – particularly useful if you don’t want to stay in the same place.
I’ve been making money online for over 10 years now. It’s hard work, but if you have a good IDEA and the means to MARKET that idea, you can easily make enough to live overseas.
My first online business involved writing and selling some business software products. I sold them for $49.95 a go, and sold 2000+ copies over the years.
In 2012 I started the Asian Love Connections dating site. The site makes some money, but don’t kid yourself that dating sites are super profitable these days. It costs me money to host the site. Every single email the site sends out costs me money. I also had to develop the site, maintain it and keep the site scammer-free. And that’s before we even talk about marketing the site so that it attracts a steady stream of new members.
So the downside to online businesses is that they’re HARD WORK and a LONG TERM INVESTMENT.
Back to my first online business…
I wrote my software in 2002, but my best week for sales didn’t come until 2008.
Are you as patient as I am? Could you keep working on your own business for 4 years, without much of a financial return?
The good news is that with your own business, your potential income is UNLIMITED. Especially if you build something scaleable, that doesn’t depend on you working for a set hourly rate.
Incidentally, if you’re short of IDEAS, then the first thing to do is to look around your day job (if you have one). My own idea was to create a version of some software we used in my day job, but it was too specialised and too small-fry for my company to package up and sell. But it was a brilliant idea for a micro-business working off a kitchen table!
After that, look for a PROBLEM, and then come up with the SOLUTION.
6. Become a Freelancer
If you have a skill that can be done remotely, then why not become a freelancer?
While I was in Bangkok, just about every cafe with Wifi access was full of foreigners with laptops, who were presumably working away for cold hard cash.
To be honest, the best way of becoming a freelancer is to find some regular clients while you’re back in your own country.
I did a bit of programming work for clients I’d met through oDesk. I made around $2000 in 10 months of off and on contracts. But it was pretty hard work. To get work you have to compete with 1000’s of Indians and Filipinos who will work for $1 an hour. And I tended to get jobs that were a pain in the ass. My choice was to cut corners and turn a profit, or slave away and not have time to go out and enjoy myself. Which kind of defeated the original purpose of going to live in Asia for a while.
So there you have it – 6 ways of financing YOUR time abroad. If you’ve got any more tips and suggestions for financing a wife-finding mission abroad, then leave them in the comments section below.