Becoming a True Globe Trotter

Visit any library and you will find all kinds of books that describe the adventurous lifestyles of early globe trotters and travelers. These are people who explored the world long before the days of easy transportation, wireless communication, or even convenient methods of carrying food or water. From Darwin in the Galapagos to Stevenson in the South Pacific, you can find stories of people leading amazing lives and actually earning a living while doing it.

Naturally, you might shrug and believe that there is no possible way to copy them in any way. You cannot give up the “day job” with its retirement package, paid vacations, and annual increases to the salary… right?

In all actuality, if you truly want to become a globe trotter in the same ways that so many others have done, it is entirely possible. You don’t even have to be a great writer like Mark Twain or a fearless explorer like Captain Scott (navigator of the South Pole in 1912). You can be a photographer, teacher of ESL, fitness expert, copy writer, designer, trained executive, financial professional, aid or health worker, pilot, and so much more. (The Telegraph, 2014)

No Boundaries

There are two key things to realize in order to open the door to becoming a globe trotter:

1. The modern world is full of technologies that can allow you to work from almost any part of the world;

2. You don’t have to follow the path of work, work more, work even more, save lots of money, and then retire in order to begin “living”.

It can be hard to shed those classic models. After all, a huge majority of the modern world is raised to believe that going to school and college, training for a specific career, getting a “good job” that offers benefits and retirement options, and then socking away as much as possible for many years before actually ceasing to work is the “right way” to live.

Try to live outside of that, and you might find yourself being called a “slacker”, someone who won’t settle down or grow up, and much worse. It can be scary to see yourself through this sort of lens, but that’s when you have to consider the first of those two key things above.

The Technologies

Consider this quote from the British publication, The Telegraph:

“The world of work is becoming increasingly global in nature and many employees enjoy the prospect of experiencing different cultures and countries… International jobs include remote jobs that you can travel with, career choices with transferable skills, and jobs that require travel.”

So, you won’t have to leave the certain security of the corporate treadmill or the typical school-work-save-retire model and enter the vast wasteland of the globetrotting worker. There are multinational corporations, organizations, and entire industries in need of people who are willing and able to work in less structured format.

Additionally, most of these groups (as well as independent globetrotting workers) have access to an impressive array of modern technology that can make mobile work incredibly simple. The laptop or tablet with WiFi capabilities, the mobile phone with various SIM cards, the 24-hour IT department or professional within most firms, and the many platforms and networks that allow someone to work remotely without interruption or even concern about time zones, etc. can all make the true globe trotter’s life possible.

There are Challenges

Does that mean that it is a walk in the park? No. You do have to have a specific level of competency and job skills to make it realistic and effective. You don’t want to be in a foreign land without any employment options, connections, or means of generating livable income. Instead, you need to lay a strong foundation for your globetrotting and your day to day work. That means you have to be sure that you are great at organization and planning, problem solving, and capable of managing your day to day work life from any spot in the world.

Naturally, you have to be brave, sociable, have good “people skills”, and genuinely curious about the world around you too. However, we already know that you are because you are reading this article!

The key is to understand that there is a “down side” to being a globe trotter with a “portable” career. The downside can include language barriers or challenges, a loss of “belonging” when you are away from the familiar or your “home” territory for long stretches of time, challenges to maintaining personal relationships, and general fatigue if you are on the go too often.

If you are prepared for any of the challenges and difficulties that a globetrotting worker can face, you have already won more than half the battle. You can bust out of the old fashioned mold of school – career – save – retire and instead start to explore the world even as you earn your living.

Smart Ways to Finance a Vehicle

When you want to buy a car and are trying to figure out how to pay for it your options can seem confusing. Financing a car is something that most of us will do in our lifetime, so let’s look at the two most popular options: obtaining financing from a private lender, and obtaining financing from the dealership.

Financing Through a Private Lender

When you are going to get a loan, be sure to get a copy of your credit score and credit report before you go so that you’re armed with that information ahead of time. This information helps lenders determine whether or not to approve you for a loan and what interest rate to offer you if you are approved. This is an important first step because your credit score can actually take a bit of a hit when you are comparing lenders if they are all making requests for your credit history. Once you have that information start contacting banks and credit unions to determine who has the best rates and terms for the loan.

Rates for used cars will be a bit higher than new cars, so be ready for that if you are trying to buy a used car. If you are buying a used car, these are some important things you should know before you go to get financing:

  • • Make and model
  • • VIN (Vehicle Identification Number)
  • • Age of the car
  • • Mileage on the car
  • • Sometimes lenders will have restrictions on whether or not they can even issue loans based on when the car was initially purchased, how many miles are on it, and what the standing is of the title.

Once you have found the best rate bring a pre-qualification letter, which states the terms and conditions of the loan, to the dealership so that you can prove that you have secured financing. This will also give you bargaining power if the car dealership offers you financing at a higher rate. Also be sure to bring that same credit report and credit score that you brought to the bank. This will provide you with as much leverage as possible to get a good rate from the dealership to compete with what you have already locked in with your bank.

Financing Through a Dealership

Interest rates from car dealerships tend to be higher than rates from private lenders so if you can get a lower rate from a bank or credit union that is usually the best route to take. The advantage of getting financing from the dealership is that they can work more with people who may have difficulty getting bank financing due to their credit. Dealerships have to offer financing on the vehicles that they sell and if you cannot get financing elsewhere, having financing at a higher rate is better than having no financing at all. Dealerships are also able to offer incentives that banks cannot offer. For instance, dealerships can offer things like a trade-in on your current vehicle and rate reductions or better terms if you supply a down payment.

Some Lessons to Remember:

  1. Not all credit scores will be the same. It may be worth checking using multiple credit score services to ensure that you are getting the credit score that is going to give you the best chance of securing financing and getting the best interest rate.
  2. Check multiple sources! If you just go with whatever financing is presented to you from the dealership you may be missing out on a better rate. Over the lifetime of the car this can add up to a large sum!
  3. If you get turned down for financing that can be difficult to hear, but it might actually be for the best. Getting rejected when applying for a loan means that the lender does not have certainty that you will be able to pay back that loan. So take that information and know that you will likely have to look for a less expensive car.