Lifestyle Arbitrage for the Mobile Entrepreneur

Arbitrage is a business term defined as the buying and selling of financial instruments in different markets to take advantage of the price differences in foreign exchanges. Apply this to lifestyle design and we can come up with some interesting versions of arbitrage that can enhance your life when we think of the advantages of being a lifestyle entrepreneur, tech nomad, mobile worker or some of the other jargon used to describe someone who lives and works where ever they want for as long as the want.

Weather Arbitrage

Being able to work and live in a climate of your choosing is a great reason for living a location independent lifestyle. You can enjoy summer in the mountains of the Pacific Northwest, if you want to live in a nice spring like climate for a few months. When the weather starts to get too cold for comfort you can lay out on the beach in Rio de Janeiro, Brazil when you want sun and fun. If you time your arrival in Rio just right you can get there when the hottest part of the year is over but the weather is still great to go to the beach.

Geo Arbitrage

One of the advantages of being a nomad is using currency from a first world country and move to a third world country. Your currency will go a long way in your new home. Depending which countries you chose to travel and live in, a person from a first world country can live on a third of the money it took to in the first world at the same and often times a higher standard of living.

Location Arbitrage

Having the freedom to work where you want to is probably the biggest advantage to “Going Nomad”. When you can spend New Years in New York, Carnival in Brazil, and then make up a holiday of your own just as an excuse to travel, that is what I call living. Many people stuck in cubicles dream of such as lifestyle, but few if any actually take the action necessary to live the life they desire.

Lifestyle Arbitrage

What we are really talking about here is lifestyle arbitrage, leveraging your experience, talents, and passions to create a better lifestyle for yourself. Whether you travel to another country, state, city or just establish a life style that gives you more time to spend with your family and friends and do some of things you have always wanted to do in life, choosing a location independent lifestyle and business is a option many people are exercising today.

What Is the Definition of a Lifestyle Entrepreneur?

A lifestyle entrepreneur is someone who is tired of living the template lifestyle that most people have accepted and has decided to create a lifestyle by design. This person has a passion to do something and wants to make a living at it even if that means they are not going to make a fortune doing it. You can live the lifestyle of a millionaire without actually being a millionaire. To accomplish this you will have to make a paradigm shift in how you think about money, career, lifestyle, and what is really important to you in life.

Deciding to pursue your passion in life and make money from doing it gives a person the freedom and feeling of being alive that rarely comes from working a job just to earn money to pay for things that you hardly ever use anyway. Take some time to reflect on what is really important in your life, this will give you the motivation to start your new journey toward a new beginning. A lifestyle entrepreneur might want to travel the world or just be able to spend more time with their family instead of spending 8 – 12 hours a day at work and a couple of hours in traffic everyday.

Anyone can become a lifestyle entrepreneur all they have to do is have a passion for something that they are willing to put some work into to develop and share with others. You can still keep your job while working on your ideas and make the transition to full-time “whatever” when the time is right.

To get started on your passion do some research on what you love by coming up with keywords and start “Googling”. Read as many blogs and articles about your subject as you can then figure out where you can fit yourself in to offer value to people. There is plenty of information on the web about how to set up a blog and market your product or service.

The definition of a lifestyle entrepreneur is whatever you create it to be as long as you are following your passion and living life on your own terms to the degree that you feel comfortable with. Just take the first step towards your dreams, the path will open as you go along. I will be offering tips and strategies on setting up a lifestyle business on my blog in the near future