Friday, April 12, 2013

Earning money while living abroad.


Once we decided to just start living abroad several things immediately became more relevant.  We are not rich and in any case, fifty is a relatively young age for complete retirement.  What if we were incorrect in our budget expectations?  What if our savings did not last?  What if the economy continues to do things no one seems to expect?

To add to the issue is the fact that it is complicated at best, almost impossible in other countries to obtain a work visa.  General rule: start the visa process at the embassy or consulate nearest you while in the US.  Retirement residency is available many places but generally requires an investment within a country or that you have a certain amount of proven income, the calculation of which varies from country to country and from bureaucrat to bureaucrat.  In some cases, this amount is expected to grow annually by a given percentage.  You can’t just go plop yourself down in another country and do as you wish; well like everything else that isn’t totally true either but it’s best to be legal.

It turns out that you can earn money while on any type of visa in most countries; you just can’t hold a job in that country that could be filled by a citizen.  Confused?  Don’t be.  One way to do this is to contract your services on the internet and be paid into your account in the US.  This way you are not taking jobs from the local population which is the main concern anyway.  There are many ways to earn money on the internet even if you aren’t an expert Ebay trader or specialize in computer programming.

Another way to earn money abroad is to teach English.  There is a seemingly endless market for English teachers all over the world and teaching English is a skill that travels well.  We had already taken the first steps towards having this internationally marketable skill set by becoming certified TEFL teachers.  A work visa to teach English is fairly easy to obtain in many countries except in the EU which is where we wish to spend quite a bit of time.  EU regulations state that if an EU citizen can perform the job, no work visa will be granted to a non-EU citizen and the EU includes those damned Brits who speak a language tolerably close enough to English that they can obtain employment as teachers.  So we needed something else.

One day, while reading International Living, we came across an article from a man who calls himself and his company “The Barefoot Consultant” and who claims to be able to teach anybody how to find ways to earn money by contracting services over the internet.  We were intrigued and signed one of us up.  Winton Churchill (that is really his name) really did provide a lot of information and recommendations, geared directly at people who have never operated in this type of environment before.  If you stay with his program he will walk you through the entire process although you can work at your own speed if you wish.  

Through this process we became aware of the multitude of internet based contract work websites beginning with the largest, multi-purpose site; Elance.  The work available is incredible in volume if not in reimbursement but there is a trick to all of this.  Once you are established, usually by working cheaply, you will generate demand for your quality services and many times, the employer will not wish to return to the Elance auction process and pay a commission which will allow you to gradually raise your prices over time.  The sheer volume and types of projects out for bid astounded us and in addition, we discovered quite a number of additional websites, some of which specialize in certain work categories like creative writing, copy writing, computer programming and translation.

One word of caution, we found that when we started to look at work that could be obtained and managed over the internet we got tons of email advertising “Work from home and make $$$$ per hour on your computer”.  The vast majority of this is scam stuff offering for you to take surveys for a penny a piece or solicit all your friends and acquaintances for pyramid type schemes.  Being new to the whole concept of working on-line we actually read through a lot of it, and even tried a few things that were offered.  In every case it was absolute garbage.

You can make money through a large number of legitimate websites by writing articles, short stories or books, proofreading or editing books and academic papers, selling your photographs, blogging, designing web sites, providing artwork; you get the idea.  It’s endless.  Better yet, for us, we have a modest budget and any money we make simply makes our savings last that much longer.  We have watched our daughter, in her spare time; take this concept to some of the more specialized websites and starting with ghost writing work herself into an ebook deal.  She now can support herself wherever she is in the world as long as she has access to the internet periodically.  Neat huh?

As for us, we are just beginning to fully explore the processes so stay tuned.  A short list of sites that we have researched and are very reputable is provided below to get you started if you are interested.  The rest is up to you.


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