Best Jobs/Industries For Geomaxxing Abroad?

[momentomori]

What do you guys think are the best jobs/industries for geomaxxing?

A couple of attributes for a good geomaxxing job should include:

1. Fully remote.
2. Independent, non-synchronous schedule with bosses.
3. Not too high stress
4. Gross Income of at least 50k (which should be enough in a LCOL foreign city)
5. Should require some skills/certifications to obtain (anything too easy will pay **** and be saturated with competition), but shouldn't require a Ph.D.

I've considered getting my CPA and starting a small practice, as my background is in accounting/audit, but am unsure if it would yield the type of lifestyle I want, and it's a ***** of an exam to get through. I've also considered switching over to IT, as I have a little background in that as well and a lot of those jobs seem to be fully remote. There's also the classic software dev job.

What are your thoughts?

 

[Zimbabwe]

It depends on what skills you have, you can be a youtuber with a travel Vlog or you can write about your adventures like rooshv did.

If you want something more stable, look into remote Web development jobs

 

[MatureDJ]

You either have to have an independent business as a creator - i.e., an internet-based YouTube or blog, or a conventional one like book author, script-writer, song composer, etc. - or you need to have a skill that is so in demand that you can dictate to an employer the terms of employment of you being fully remote. The problem with the latter is that such jobs in which being fully remote is not a problem (i.e., in normal, non-COVID circumstances) could be done by some guy in India or wherever for a fraction of a first-world salary, so you really need to be exceptional.

All that said, a CPA can be done as an independent business, but I am not sure how such an entrepreneur could do it without being able to sit down physically with clients; there are already accounting businesses that use cheap, foreign labor to make rates low, and you would have to justify yourself getting paid more than them.

Nursing is actually a pretty good job to do part-year as the only thing that is necessary is the credential, and hospitals are always looking for temporary help, and it's easy to work a lot of hours - and when he is GeoMax mode, he could plausibly say that he wants to help folks in poor countries (of course, he wants to date the hot women of those places ), so his actions are not looked upon as weird to his potential American employers.

All of the above point to the main way that folks work while GeoMaxxing: English teacher. What a skilled but sexually frustrated man needs to do is to hustle like crazy at building a nest egg, and then quitting to go live abroad, gradually spending down his nest egg to supplement his standard of living.

It's OVER for StillNeedToWorkInAmericaGeoMaxCels.

 

[Bigpapa]

l

What are your thoughts?

don’t

 

[momentomori]

or you need to have a skill that is so in demand that you can dictate to an employer the terms of employment of you being fully remote. The problem with the latter is that such jobs in which being fully remote is not a problem (i.e., in normal, non-COVID circumstances) could be done by some guy in India or wherever for a fraction of a first-world salary, so you really need to be exceptional.

This is a good point. I always thought I would be able to write my own ticket if I became really good at my job. But in order to have that level of autonomy, you would have to be REALLY good at an in-demand job, which is an extremely difficult level to get to. Even with all the certifications, skills, credentials, etc. companies will still want you to bend the knee and comply with their policies. That doesn't mean you shouldn't try to be good at what you do though.

All of the above point to the main way that folks work while GeoMaxxing: English teacher. What a skilled but sexually frustrated man needs to do is to hustle like crazy at building a nest egg, and then quitting to go live abroad, gradually spending down his nest egg to supplement his standard of living.

It's OVER for StillNeedToWorkInAmericaGeoMaxCels.

This is pretty much my plan. Save, invest, and eventually hit a certain number (e.g. $600,000-800,000) and then supplement my income by teaching English abroad, or perhaps a low-paying, fully remote job (Its probably easier to get fully-remote gigs if its low-paying. Also, contract gigs may allow it). Also, find a low to moderate stress job that pays decently so that I could get there with minimal stress.

 

[MatureDJ]

This is a good point. I always thought I would be able to write my own ticket if I became really good at my job. But in order to have that level of autonomy, you would have to be REALLY good at an in-demand job, which is an extremely difficult level to get to. Even with all the certifications, skills, credentials, etc. companies will still want you to bend the knee and comply with their policies. That doesn't mean you shouldn't try to be good at what you do though.

A problem with trying to win the skill game is that the ease of getting into it also means the ease of having something take its place.

Save, invest, and eventually hit a certain number (e.g. $600,000-800,000) and then supplement my income by teaching English abroad, or perhaps a low-paying, fully remote job (Its probably easier to get fully-remote gigs if its low-paying. Also, contract gigs may allow it). Also, find a low to moderate stress job that pays decently so that I could get there with minimal stress.

You don't need quite that much. If you teach abroad, you might only need to spend $10K/yr to live decently (including supporting your poon ), and you could get by on a $300K nest egg. I would also recommend buying a house in a dirt-cheap old industrial town to have as a home base (cost: $50K). You wouldn't need a car either. And if you build you nest egg in an IRA, you could keep your income low enough to get ACA health insurance for free or near-free.

 

[momentomori]

A problem with trying to win the skill game is that the ease of getting into it also means the ease of having something take its place.


You don't need quite that much. If you teach abroad, you might only need to spend $10K/yr to live decently (including supporting your poon ), and you could get by on a $300K nest egg. I would also recommend buying a house in a dirt-cheap old industrial town to have as a home base (cost: $50K). You wouldn't need a car either. And if you build you nest egg in an IRA, you could keep your income low enough to get ACA health insurance for free or near-free.

10k!? I think that's low for even a LCOL country. You don't want to live in a ghetto neighborhood in an already ghetto country. That'll probably be like South Chicago on crack. From what I've heard 25k in Thailand will get you about 60k equivalent in Dallas. I could very easily get by with 60k in Dallas, and probably have some money leftover to boot. But then you have to pay the residential fee which I've heard is about 3k/year.

So let's just say it's 25k. I'm going to use the 4% rule which says I can live 4% off of my portfolio indefinitely, which would require about $625,000. However, if I can land a teaching job that pays 25k a year and cover my expenses maybe I just need $500,000 or something and just let it sit in investments and grow. However 300k is definitely theoretically possible. You're just not going to be able to ball out and you will have to live off of your teaching salary and not much else if you want your investments to grow.

And having a home base in some cheap, backwater area in the U.S. is definitely a great idea. You need a backup plan in case stuff doesn't work out. Maybe you can even rent it out while you're away and make a little extra cash.

 

[Jake_Gyllenhaal69]

I could easily do my job abroad if I can adjust to time zone differences

 

[MatureDJ]

10k!? I think that's low for even a LCOL country. You don't want to live in a ghetto neighborhood in an already ghetto country. That'll probably be like South Chicago on crack. From what I've heard 25k in Thailand will get you about 60k equivalent in Dallas. I could very easily get by with 60k in Dallas, and probably have some money leftover to boot. But then you have to pay the residential fee which I've heard is about 3k/year.

So let's just say it's 25k. I'm going to use the 4% rule which says I can live 4% off of my portfolio indefinitely, which would require about $625,000. However, if I can land a teaching job that pays 25k a year and cover my expenses maybe I just need $500,000 or something and just let it sit in investments and grow. However 300k is definitely theoretically possible. You're just not going to be able to ball out and you will have to live off of your teaching salary and not much else if you want your investments to grow.

And having a home base in some cheap, backwater area in the U.S. is definitely a great idea. You need a backup plan in case stuff doesn't work out. Maybe you can even rent it out while you're away and make a little extra cash.

No, the $10K would be in addition to what you earn teaching English. I think the COL in Thailand is even lower than you think. I understand Cambodia is really cheap.

 

[MatureDJ]

I could easily do my job abroad if I can adjust to time zone differences

Just have a Hugh Hefner body clock of going to sleep at dawn (which is actually in tune with natural rhythm, as I am a night-person).

 

[eli77]

Without a doubt teaching english if I had to do it all again that's the route i would have taken