Webby
Thu 7 Feb 2008
I have not reported much on earnings recently as I kind of went off the idea but I still think it provides some degree of motivation for others aspiring to this independent life.
So December was a pretty poor month relative to 2007 coming in a little over US$ 4000 but January is up over US$ 6000 so things are picking up again as they often do in January.
Shifting exchange rates and a weakening pound is starting to bite. It is definetly something you have to keep an eye on when you are a working nomad.
For instance my rent has pretty much gone up £10 GBP a week since I moved in, and that has nothing to do with the landlord! Thats just from exchange rates.
So I stress again if you are spending an extended time in a country try and transfer money when the going is favourable. It could end up making you money!
February 9th, 2008 at 9:21 am
Hey! Exchange rates are something I’ve never paid too much attention too but am aware of. I’ve got some money in a US account and am reluctant to change it to Canadian because the exchange rate is so crappy at the moment.
Do you still have staff working for you now that your earnings have dropped? They’re still great but I guess once you hit $10,000 and then drop back down it can feel like you’re moving backwards. I feel that way when I earn less in a month than the previous month. January sounds like it was a good month so hopefully February will be too.