Ep 207 - Meeting Digital Nomads and Making the Move to Thailand

Howard is a digital nomad from Los Angeles who sold everything he owned to move to Chiang Mai, Thailand. He got tired of the same daily routine, made a crucial decision, and hopped on a one-way flight across the world. He had so many doubts with this decision when he first came to Thailand; but one month later, he realized he made the best choice in his life!

During the episode, Howard shares his experience during this big move from Los Angeles to Thailand. This is an exciting conversation about the upsides of living in a cheaper place without sacrificing the quality of life. As a bonus, Howard shares some tips on how to passively increase your income and how to properly manage your wealth.

 

Links:

Hypath 2in1 Travel Bag

 

Discussed:

Ep 181 - Going from $70,000 in Debt to Making $10,000 a month Dropshipping

 

Time Stamps:

04:09 – What was his life back in Los Angeles
11:37 – Making his way through college
17:00 – His decade-long business
20:28 – Assessing success in the business
26:48 – Dead inventory
30:55 – Running an inventory-based business
36:47 – Managing money and assets
37:28 – Tips on how to increase income passively
42:10 – His investment scheme
46:00 – What is dollar-cost averaging?
52:44 – His big move to Chiang Mai
53:55 – Chiang Mai vs. Los Angeles
1:06:50 – Strategic use of debt
1:15:33 – Benefits of living in a cheap place
1:21:55 – Expenses in Chiang Mai vs. L.A.
1:23:58 – Quality of life in Chiang Mai

 

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