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February 8, 2024

Money Matters: How Much Do We Spend to Live and Work As a Digital Nomad Family of Six

In this episode, Eric and Marissa get into the details of their nomadic lifestyle, covering topics such as budgeting, managing expenses, and preparing for relocations.

They emphasize the importance of setting aside funds for relocation expenses and share their approach to testing the waters with a “bullet” trip before fully committing.

Through their candid conversation, you’ll gain valuable insights into the realities of nomadic living and how to navigate its financial side.

PLUS: This week’s leadership tip of the week: Shoot a bullet before a canine ball.

Want some help planning that first trip? Schedule a Trip-planning consultation with Marissa.

Full Transcript

Eric Dingler: So there we’re recording. Why don’t you go and say something? I know. Okay. Can you hear me? Yeah. We’re getting even things there. All right. If I need to speak up or get closer, just give me a sign or something. I think you’ll be okay. I’m using Adobe. I did a fix it. That’s all right. Ready? So when people find out we’re a full time traveling family of six, one of the very first questions they ask is, What do you do for a living? In other words, they want to know How much money do you make? In this episode, we’re going to dove into the money matters of this lifestyle. And when I say we, I mean me and my wife. I’m being joined by my wife, Marissa. Hi, Marissa Lowe. Eric, how will everybody and everybody. So welcome everybody to the Digital Nomad Entrepreneur podcast. My name is Eric and this is Marissa. And yeah, I’m a full time digital nomad entrepreneur and Marissa digital nomad entrepreneur’s life, you know, and we do indeed travel full time. In fact, we haven’t been back to our passport country for 13 months. Whoa. Yeah. And no plans to go for the next little idea when we will be back in the States. Yeah, yeah. Now, would you agree? Have you heard a lot of people ask when they find, you know, we meet people and they’re like, where are you from? And we kind of like, well, you know, originally and we explain a little bit when we say we’re traveling full time. One of the first questions I get asked anyways is What do you do for a living? Or have you ever had people ask, Where do you make your money? Yeah, it’s definitely a question people have right off the bat. They’re not they’re not blunt about it, but they’re not shy about it either. It’s this weird medium world. Yeah, but it’s fun. And I just I mean, I tell them my husband owns a company, like, that’s my. Yeah. And right away they go, oh, they instantly think that we are multi-millionaires. And as I’m standing there in one of my five shirts, we’re going to share wheat. So we’ve got six tips we want to talk to, talk through. And we’re going to actually, in the last thing we’re going to share with you exactly how much money we live off of. And I think most people are actually shocked when they find out how little we live on. Yeah, for sure. So, yeah, yeah, sure, sure, sure. And so we’re going to share that. We’re an open book on it. So yeah, now if you are listening to this and you’re like, well, I’m, I’m already traveling full time, well then you’ve either got this figured out or maybe you don’t. And it’s one of the reasons you’re, you’re struggling. Yeah. So, but if you’re like, Nah, we’ve got this money thing figured out, you know, I’m going to I’m going to encourage you to still listen through to at least tip three, because we’re going to share a really cool tool that we use. And then, you know, you can skip to three. You can turn this off. Yeah. After that. Well, no, they want to stick around. They want to jump to the leadership tip. Oh that’s see your podcast is so different than right. Right now if you’re listening for the first time, you might be thinking, wait a minute, lots of things just happen there. One like mine. So you have a podcast? I do, yeah. Yeah. And it is the Digital Nomad Family podcast. And this is the Digital Nomad Entrepreneur podcast. It’s like we’re married. It’s crazy. And also, yes, mine is different. Yours is a lot more freeform. Oh yeah. The structure there’s a there’s a structure of no structure. Yeah. Yeah. It’s very much like, hey, get your favorite beverage and turn Marissa on like that. But it’s like five shows, so that’s not what I meant. But it’s a family show, it’s a Emily podcast, turn my podcast and press play them. So that’s what I meant. Yes. And this podcast is a little bit more for the entrepreneur, the business side of things. And if you listen to one of my first couple episodes, you’ll know that every that your leadership capacity as a leader is the capacity of your business. If you’re struggling in your business, it’s almost always going to come back to a leadership issue. So I really wanted to do a leadership podcast. It’s my favorite topic, I think, on the planet really, really, really is. But there’s so many leadership podcast out there. I didn’t have anything new to bring to that, but I and I don’t get asked about that, but I get asked a lot about running the digital business. Yes. And so I thought, well, this is how I can give back, but I got to talk about leadership. So I do end every episode with a leadership tip. But actually, you’re you’re going to share this week’s leadership. I am, yeah. So you do want to stick around that, but it will change your life. Yeah. And if you’re, if you’re not traveling you yet but you want to and it doesn’t even have to be full time And that’s the thing I talk about. Like some people want to travel full time. Some people want to just own a business that lets them travel. More frequently like extended extended trips. You know, once a year, they want to go on a three month trip and still be able to work and run the business. And the idea really is what I’m talking about in this podcast is helping you set up a business that helps you have location independence. Yes, I love that location. Independence, location, freedom, even. Yeah. And if you are listening to this podcast, I can tell you as someone who is benefiting from my spouse doing this, your spouse and your family will benefit from it because it’s it’s amazing. Like, I don’t work in this in the way that Erik does. I homeschool our kids. But he’s the one that makes this lifestyle possible. So if that is your role in your family, just know. I’m sure your spouses appreciate you. But if it wasn’t for you doing your role, the kids and I would never move. And you never would. Because I don’t. I don’t. You don’t know? Playing women never, ever got here. You would? Yeah. So even though people will ask, will be, you know, we’ll be a week or something away from leave it. And they’ll be like, you know where you’re going. And I’ll be able to tell them, oh, we’re, you know, we’re headed to El Salvador, we’re gonna Costa Rica or Spain or whatever, like that. And no. And they’ll go, Oh, wow, you know, so do you already have an apartment? I don’t know. And he doesn’t we could have a fully furnished apartment. And I was like, been talking to the landlord and everything. And this man has zero clue. I’m not even sure on a week out. I don’t even know if I could tell you when we have to be at the airport. No, I doubt it. Yeah. So. So we each bring our strengths to this. All right, so now into the six tips that we have. So why don’t you go ahead and start with the first one. Number one is have realistic expectations on the lifestyle that you can afford. Yes, I think that is big a lot because here and here’s why there are and I’m not knocking them and no problem with them. But there are a lot of people that. Are on social media that portray that this lifestyle is perpetual vacation. Huh. And it’s all weeks at exotic. Amazing, wonderful location. Inclusive. Yeah. Resort. And there is a difference between being a digital nomad family or a full time traveling family, however you want to word it for yourself. And social media influencing families. Yeah. We are not a social media family. You know, there’s even a difference between being a nomadic family and being a nomadic single or a nomadic couple, so. Oh, yeah. You know, we have four. We didn’t have those four kids. We’d be living high on the hog. That’s right there. So we bring them to the law sets. We have to. That’s right. So. So you do what? Have some realistic expectations. This lifestyle, you’re not on perpetual vacation? No. And I think a lot of people, especially family and friends in our passport country at the Times, I think they have this idea that we’re just I’m just on a forever vacation. And so they think like vacation, that it’s eating out every night, that the cost of a hotel like they can’t imagine how we can afford to spend, you know, three, four or $5,000 a week. And that’s what they do when they’re making vacation. Right. And so I just wanted so tip number one, have a realistic expectation and maybe you can’t afford all the things you want starting out. And so that brings us to tip number two. Grow into it, don’t go into it. And basically that what that means is you’re not going to get to go into this at your at your dream level. No. But you also don’t have to wait. There’s so many people that wait for so long because they want to make a little bit more money or they want to have this in place or that in place. Yeah. And I would say most people that are listening to this that want to do this are probably a lot closer to it than they think. Yeah, I think there’s. I do think that there are some reasons why you should wait on this lifestyle. I’m not convinced yet that setting like a line in the sand of what we want to be able to. Always have this, this, this and this. Maybe you should adjust your expectations a little bit and then you can actually start it. Yeah. Consider the third option and do it. I mean, you know, you may not be able to start out this lifestyle full time and you want to be full time. Mm hmm. You know, maybe you may. You might to start out a little slower or things like that. Or you may want to go to a certain part of the world, and you just can’t afford that part of the world. Right. And so the time zones are not going to work in your favor for that. And you maybe need to be a little more hands on with your business or clients you have in your passport countries that you need to stay in that time zone. Like if you are from Australia, it might be really hard for you to get over to Mexico, Central South America, because it is a pretty steep time difference. And if you’re working, the U.S. is your passport country or Mexico or Canada or whatever, you know, like if you’re from Australia and you want to get over I’m sorry I reversed it on you. If you’re from one of the Americas, then yeah, getting over to Southeast Asia, Australia, Polynesia. Yeah. That’s going to be a little tricky because you’re looking at a very, very big time zone difference. So just keeping aware of that kind of stuff and knowing it’s okay, you can still work with what you got. Yeah, I talk a little bit about that in episode one where I talk about some ways to avoid disaster on on this lifestyle. And that’s one of them. Time zone sync, something you’ve got to be aware of. All right. So let’s talk about number three, because it’s probably your favorite app on your phone. It is my favorite app on my phone. I think if I were to go into that thing that tells you how much screen time. Yeah, yeah. That this I probably have the most after YouTube. This would have the most screen time and I call it the green app. Don’t go look for the it’s actually called Every Dollar Everybody. I call it the green app so much. I don’t even know its name. The every dollar every dollar is a fantastic app. And what it does is it’s a budgeting app. And I know you mean like I’ve tried budgeting apps. I promise you, until you have, I’m going to say a word that might knock some people off. But until you have paid for a subscription to the Green App, you have not tried a budgeting app. Every dollar. Every dollar. I’m so sorry. Now, I call it the green app. I think this is. Correct me if I’m wrong, this is probably the only app on your phone that you pay a subscription for outside of. Maybe like, I don’t know, Max. Yeah. Do you have HBO or. I wanted to video Disney. I love Disney. I Disney. But so we’ve got some subscription services. But as a standalone app, it’s only an app. This is the only one you pay for. It’s the only one. Yeah. Yeah, I will. And I will do it every single year because not only is it easy, but it’s so helpful. And so what you do is you can get every dollar and not pay for it. But it’s not as powerful. It’s not as helpful. It’s not as fantastic. So you pay for it. It is $80 for the year. Then you can link your bank and your credit cards to it. And then any time you spend money, it shows up in the green app in every dollar, and you then drag that expense to the budgeting line item that it is. So let’s say here I shop at Walmart a lot for my groceries and there’s a store that’s similar to like Costco in the States called Price Mart. And I shop there a lot for our groceries. So I have a line item groceries and I see how much we spend on groceries. And then anytime I go to Walmart or Price Mart or Mega Super, those expenses show up and I just drag and drop them into the groceries and then it subtracts that amount from the total we’ve budgeted. So it’s so easy to go in there and say, I have spent this much on groceries, I have this much left, and it’s the 27 I see that we’re going to be under budget on groceries by 25 boxes and we both have it. Yep. So we both, in pretty real time, can look and see how much money is remaining in a line item. I will I will say about the Green app, I do think it’s faster in the United States because that is where our banks are and our credit cards are. And so when we’ve used the Green App in the States, it seems to sink faster than it does outside of the States. It still thinks it’s not a big deal. Yeah. Okay. But I do think it’s a little bit slower, but they don’t have to spend $80 a year. No, they don’t. They can only spend 70 because we have, I don’t know, a code. We have a code. And so I’ll put that on the D and E podcast dot com resource page. So if you go to any podcast icon for such resource, scroll down to our. I’ll put it on the very top section are the business resources I use, but I’ve got a section there where I’ll put a link to for every dollar and how they can use what we’ve got to save some money. Yeah, it’s such a great app. Just go get it. Just get every dollar. Okay. Before we get to four, you had mentioned you had said why we are here. So here being Costa Rica. Yes. When Costa Rica. It’s we’re recording this February 24. We will be here until April 2024 and of April 2024. And so if you are listening to this in those first few months and you are in Costa Rica, then us we’re in San Jose, we’re in the capital. Hit me up with an email Eric at DKNY podcast dot com. We’ll get together and I’ll buy you a cup of coffee and we can talk business. Nice of you. I know. So I don’t do red and blue because it’s not in the green app that comes from the work app. So yeah, but that’s a work. Is it going to come from my restaurant line item? No budget? Nope. That comes from my meals line item in my business account of a different app. Different app. And so yeah, so love to meet up. And if you’re listening to this in the future, you’re like, who are not in Costa Rica? Where are you? Send me an email. Erika Danny podcast. Com. And if we’re in the same area, we’ll meet up, we can talk shop, digital nomad, whatever the topic may be. Geek out a little geek out a little bit on the lifestyle. All right. So number four, you want to understand the profit side of business budgeting. There are a lot of people who get started out in business that they they start out and I was like this, especially in the digital business side. Now, I’m not going to go into a lot of this. The whole last episode, episode three, I talk about the stages that a business goes through and the business processes that take you through those stages. But starting out, a lot of people just look at their business bank account and see, Oh yeah, I have enough money there and they make sure they do bank budget are bank balance budgeting and that isn’t all I know. That’s why I always struggle with it. Bank balance budgeting. I shouldn’t try to say it because I, I think I’ve tried to say it more than one episode and not one word is referred to it as the triple B. The triple B. I don’t think we can do that. Sure we can. Can I put it on a t shirt and sell it? I don’t care. All right. So we’ve got. Yeah, so I’ve got that in the last episode. So that’s all I’m going to say on this episode about it. But learn how to really understand. Here’s the thing. If you’re listening to this and you don’t understand the difference between revenue, gross profit, operational profit and bottom profit, then if you don’t understand what I mean by that, go back and listen to the previous episode and get better at understanding business finances. So we’ll do that for number four. How how’s that sound? Sounds like I have a podcast I need to go listen to. That’s right. Well, okay. All right. Number five. Number five. So here we’ve got three. This is five point A, point B, point C, and then there’s like Roman numerals and C, y’all. I don’t know what’s going on. This is his note taking this is a this is a five part Hollywood online. Number 50214 number five. Right. We’re going to get to get through it. Oh, Rachel, we’re going to do this together and do it together. All right. So we have some thoughts again. Now, this is it. If you’re you’re not moving around now. If you’re not traveling right now, how do you get started with the financial side? Or maybe you are traveling and you’re struggling and you’re stressed out like a reset. Yeah. And you want to. Well, what’s what’s working maybe for a different family. So but we’re going to talk a little bit we’re going to talk very specifically you in your passport country. You haven’t started yet. What do you do? So how do you get going? So what do we have for a you need to identify what your fixed costs are going to be. There are going to be some payments you most likely will not eliminate, right? Yes. As a nomad. Now, these are your family. The expenses. Yeah. Like, this is us. This is. This is family expenses. Your business expenses will also change, you know, and so you got to know that on the business side of things. But and there’s a lot that you can get into with business. But on the family side of it, if you hear my voice on this podcast, just assume it’s a family thing, not a business, but just know Marissa’s there, know we’re talking business too. So but for us as nomadic entrepreneurs on the family side of things, we’ve got because you can’t you can’t intermingle accounts, you can’t intermingle money. Business money is business money, family memories, family life, right? That never the true should cross do never the two should cross. So. All right, family money. It’s just like a mafia line. This family, it’s family money. Nobody. If anybody ever listen to that five. All right. You want to have a coffee with this? So identify what your fixed costs will be. So, for example, insurance. Yes, you can have a job insurance. We have life insurance. Health insurance. I mean, you’re going to need to eat. You are. You’re going to have to do that budget. So we have some script scripts since you wouldn’t have to, you could totally eliminate them. But we like TV. We don’t. We like. Yeah. So what we have, we have HBO Max. So we, we actually pay for an Amazon Prime subscription still. Yeah. Even though we don’t utilize Amazon Prime for the shipping, we like the TV shows and everything you get. And we love, love, love the photo storage. Yeah, unlimited photo storage. So we have an Amazon Prime subscription that’s a once a year payment. And then we also have HBO, Max, that’s on to our Amazon. Yeah, we also have Disney Plus and Hulu. Yeah. Well, Disney Plus now includes. Yeah, yeah, it’s Disney Plus and Hulu. Yeah. I think that’s it. We had Netflix, but we got really got to get flicks to get Max. We needed a Netflix break. Yeah. Yeah. So. So we just have those. But those are the subscriptions and the great app which is available and the green app that’s in the end. Right. And then rent. You’re going to have some phone expenses. You are. And now we’re working to completely redo from. Yeah, yeah. We’re going to be canceling our T-Mobile and having just Google Voice numbers that then connect to WhatsApp and then getting SIM cards. Yeah, it’s cheaper. Yeah, it’s going to be. And you get more benefits because right now we don’t get any like T-Mobile benefits outside of the United States yet. So we’re just paying a bill for nothing. Right. So so we’re we’re adjusting that. And then you’re going have some get around transportation. Yeah. Either Uber busses, trains. You need to travel. Yeah. Yeah. Well, just. I mean, to go to the grocery store. Exactly. You know, because you’re probably not going to have a car. Maybe you’ll rent one if you can. You know, that’s fine. We can’t afford that. No, that’s a we’re a family of six. So that puts us into a minivan, which instantly puts rental cars through the roof. And there’s no I don’t understand. Like what? What’s our what’s our average Uber budget? Then I put 180 in the green app, so I and I, we always come under so that we are budget 180 USD. Come in. Yeah. We come in well under like around $90 total. Yeah. And I mean we’ve got you know a couple of trips to the store here and they’re taking, you know, going out for coffee. Yeah. You know, going to an event like, you know, it’s that’s fine. I mean, basically what we did when we started out, for the most part is we took our lifestyle budget in our passport country, which was the United States. We were living in Norfolk and we just took our budget and that was our budget. Yeah. You know, we spent about $2,000 a month on what we’re renting at the time rent. But all of our utilities, internet, you know, everything probably wasn’t quite 2000, but it was it was 800. 2000. Yeah, that’s so now that’s our that’s our living it budget like we are. That’s our Airbnb, the housing budget. That’s our housing budget. Normally it’s been Airbnb here in Costa Rica. It’s a private landlord, but they connected us through the school. Yeah. So Marissa’s here and at language school, learning Spanish Estoy up in the. In the West Bend. You’ll see. Exactly. No idea what she said. So now I, my wife, can tell me what to do in two languages soon. I still won’t listen to them. So. So we have those costs and then we’re a family of six. And, you know, three of them are teenagers, which is a three of us are teenagers. And and man, they’re they can all eat. Yeah. Our 11 year old is like. I mean. Yeah, he is he’s a he’s a good he had to go through a couple of boxes of cereal a day if we’d let him. Yeah. And so what’s our food budget? 2500. So 2500. But that’s the we consider that restaurants, coffees and groceries. Yes. And the occasional light and toilet paper. Right. Yeah. Well, the paper mostly it’s Walmart, Price Mart slash restaurants. Yeah. Yeah. But they don’t go through in separate out. Oh I bought like the other day I bought we needed some new tea towels for the kitchen. I didn’t separate that out, they just came out of grocery. Right. So about 2500 which for six people, you know when you think about that divided across six people for an entire month really per person is not that much. So, you know. No, it’s not it’s not living high on the hog, if that makes sense. Like if if you don’t know what that thing means, like if you’re if English as a second language, that means we’re not going out to restaurants all the time. We’re not buying snacks to have unlimited snacks at the house. We’re not constantly having desserts or anything like that. It’s we limit our restaurant because here in so every country is different. But know Costa Rica is expensive. Yes. And San Jose is the capital. And so that makes it even more expensive because you’re in the capital. And. On average, when the six of us go out to eat at a restaurant, it’s $140. Yeah, like that’s. I know. In my head. Okay. If we’re going to go out in the restaurant, it’s $140. Like a sit down. Everyone order their own plate menu. In our and our budget here is about $14 a day per person. So that eats into it. That’s really yeah. That that goes fast. Now, when we were in Istanbul, Turkey. Oh, my gosh. Always eating out various snacks, right? Because in Bulgaria we could eat out for 20 to $24. If we spend $35 at a meal, we ate big like we got all the kids, got pops, dessert desserts. Yeah, we got appetizers. That was like a $40 USD meal. And Sofia is a good meal. Yeah. So that year. And so what we do is we change our lifestyle to, to Matt, we’ll change our budget like and so we increase our actions. We don’t eat out in London. No, like we’re buying. We are low selves to go to borough market and eat there. That’s our no joke. That’s our eating out in London. We go to Borough Market, we go to Ginger Pig and get a sausage roll. We go get a TOASTIE. It’s the only time we ever used a Groupon was we got a Groupon for it. We got a high tea Groupon. That was an experience. It was so great. It was so great. Kensington near Kensington. Near Kensington Garden. It was fun. Okay, so we’re totally off topic now. I’m sorry, I like my podcast now. I know I can’t wait to have you on again. All right, maybe a bed. So we. You need to identify your fixed costs. Yes, then you need to. The next thing you have to do is figure out how much your average move is. Yeah, it would be really tempting to look at what’s left. Let’s say you bring home 4000 a month and you say, okay, we spend 2000 at that. I’m going to make them myself. My brain said we spend 2000 on that. It’d be easy to look at that other 2000 as just play money. And it’s not now because depending on how how often you move, you’re going to have some moving expenses, whether it’s train tickets or, you know, more often than not, you know, plane tickets. Now, again, you’re going to see people on social media living $800 a month for everything. And, you know, there are everything is in their backpack and they are spending 35, 40 hours on a bus between look. And I’m telling you what, I have no problem with that. When I when I was single and, you know, I went and did some traveling just like this in London, we paid a £5 a night to sleep in this the loft of some guy’s barn and yeah, you know, I mean, but we didn’t have that. We didn’t have kids. We have four minors who we’re still educating. Yes. So we we have you know, we have school. I have work. Now, if you want to take a gap year, that’s different. It totally. But we’re not talking taking a gap year. We’re not talking having fun. It is fun, but we’re talking. We don’t have fun. We’re talking about a lifestyle. Yeah, that’s that’s really cool. It that’s really cool. You know, we it comes with so many perks, but you can’t just play all the time. But you have to be responsible when you need to be responsible in the benefits of the lifestyle aren’t what the benefits that I thought they were going to be like. Isn’t that weird? Yeah, man, we could do a podcast on that. Well, we should do it on yours because that’s a that’s a family thing. So but you, you are going to have to relocate and depending on what you do for us, it’s about $3,000. Yeah. When we relocate, when you think six airline tickets, entry fees, visa, you know, whatever it it might be and then no, Airbnb is set up perfect. No. And when you’re going to be in an Airbnb for three months to six months, you want to have a good cutting board, you want a yeah or a decent nice and sometimes. What a nice towel. Yeah. Towels or yeah. Towels sometimes. Or a washer dryer that isn’t the size of a small towel. But you’re also going to have you’re going to have to get your laundry detergent. Yeah. So even if you had a full thing. A laundry detergent last week. Yeah, this week. Because you’re a new air me baby and you’re going to be there for three months. You’re going to need laundry detergent. We, you know, cleaning supplies, cleans, bicycling, salt, pepper. We we have bought so much paprika. Yes. Now, you might be thinking, well, why don’t you just pack some of that? Some of it you can, but you’re going to buy it anyways. Yeah. Some of you can and know that we travel really like. Yeah that’s a way, that’s a, that’s a choice you make to try to save in travel expenses. Yeah. And just to keep the. Lifestyle me and like we literally to this point, we have traveled with carry on luggage only. Mm hmm. And I have a and you might be thinking, whoa, what? I actually in I have a video that is inside my remote work success bundle that you can download it at my website. And in that video, I go through my portable office, and then when I pack it in my backpack and then my backpack system, I should say. And then the the part of that pack that carries my clothes and stuff like that. But it’s a yeah, that part is a carry on that detaches and then I have my back, my personal backpack. Yeah. And everybody’s got a carry on and a personal for this relocation. We’re going to do chat. We’re going to do a check, right? The kids are very weird. I think the things that make our kids excited now. Yeah. Adding a checked bag was like Christmas for them almost. It was really was. All right, so you. You’ve got to have these expenses when you get there, you’re going to incur these expenses when you get into a new area. So you need to put aside a little bit every month so that when you go to buy your plane ticket, you’re not going into debt because debt will ruin this lifestyle for you. Yeah, you don’t you don’t want that. You don’t want that. All right. And so once you know your fixed budget, once you know how much you need for your family of your size, and yet do a little research, you would mention some websites, Roman, Roma or Rome to real Rome to see it tastic. Roman, what did you call it, right? Oh, no. But it’s a it’s a website. You use the plan and so it’s a website. It never touches it. It’s a fantastic resource. And you just go in there and you type in the city you’re starting, the city you’re ending, and it will give you all the travel options and then it will give you an average cost per option. And do I think that you should 100% bank on that? No, but it’s a great place to just start to get your feet wet. Yeah, I’m getting a ballpark, so it’s a good way to know. So you got to look for you and your family sound. What part of the world you’re going to be in and and kind of have a look over the next your first year or even if you’re not going to travel that long, whatever it is. I have an idea, have a plan, because what you’re going to see is we know we need $3,000 and we’re moving every 3 to 6 months. All right. So. That brings us to the final thing, which really isn’t a tip, I guess, as much as just our current budget and the numbers that make people go, wait, what So we know for us we need $1,000 a month going into a relocation savings. So when you need to buy tickets, the money’s there by airline tickets. When we have to put a deposit down on their B and B, the money’s in there. And so that money goes in there. And if we’re someplace for six months. All right, great. We’ve got a little buffer. If we’re there for three months, we’ve save what we need for next. We don’t go into debt. And then for the rest of our living expenses, what is it, 6,000 USD 6,000 USD a month now? And as some of you might be listening, going, oh, my goodness, I wish we lived on had 6,000 USD a month. Well, that’s what this lifestyle takes. And I’ll tell you, we live pretty modestly. We do too. Like I said, we’re not hitting up restaurants constantly. Our kids are so excited because this weekend we’re watching the six Harry Potter movie and I told them we could get pizza delivered and they’re just like, Oh, my gosh, that’s amazing. They’re so excited. Yeah. Now you may be thinking, really, but. Our kids have also in the last two years been to the top of the Eiffel Tower. They’ve seen, you know, the Valley of the Sun gods in Mexico City. They went. They’ve seen the Pacific Ocean from Peru. Peru. El Salvador. Yeah. They’ve hiked to the top of the volcano for the first time. Yeah. They, you know, they’ve. They’ve walked across the border at Nicaragua. I mean. Yeah. I mean, our kids have had unbelievably unique, amazing experiences. So I don’t feel bad that they get excited that they’re getting pizza. No. And also, I want it to be known. It’s really easy to think that you should live a more extravagant lifestyle. But think about how you are when you live a rooted life. Like when we lived a rooted life, we were not constantly going out to eat. We were not consciously getting food delivered like. Because when you are living your rooted life, if you don’t know what that means, it just means you’re not traveling. That’s a really common thing we see over on my podcast. When you’re living a rooted life, it’s not. People know you’re not going to go out to eat constantly unless you are upper class, which is totally fine. But if you’re middle class, you’re not going to go out to eat all the time. You’re going to go to the grocery store and cook at home like that’s what you do. No one thinks that’s weird, but some kind of freaky flip switches. Flip switch. Yeah. When you switch, flips switch. I think I did that wrong. Yeah. Something changes when you go to this lifestyle and you think, Oh, we need to be ordering in, we need to be going out to eat a lot. No, you don’t cook. Yeah. Yeah. And there’s a lot of things to see every time we’re in the city. And it’s like we’ve been here since August. It’s February and last week. Hot. It is hot last week. Right. And I, that’s our youngest. We, um, we hike to I don’t hike, we walk, we walk to a park right around the corner, but we never been to a before and found this really cool tree and watched people sliding down the hill on cardboard boxes. Yeah. So. Yeah. So there you go. All right. Well, before we get into the leadership tip of the week to wrap this up and you’re going to bring us to the leadership tip of the week. I’m excited. I just want to take a second and say if you’re still listening to this point of the podcast, thank you very, very much. I would greatly appreciate you to do all the nice things. All the nice all the nice things. Rating Reviews. Subscribe, share. You are how people find out about this. Like the algorithms, diets. Yes, they need it. I need it. And appreciate what appreciate it so much. And now if you’re listening and you are still here and you don’t have anything nice to say, I don’t really know why you’re still listening, but if you’ve got some constructive criticism, email it to me. Saying something not nice online is a loser move. And so if you have some constructive criticism, send me an email. But if you’ve enjoyed this, then do the nice things. Rating Review Subscribe. All right, so what is this week’s leadership tip of the week? Is there a drum roll or anything? No. Okay. Shoot a bullet before cannonball. This one, people. This is not only in his company. This is in our family. Like I could give story after story of this, what it comes from. I do a really fast thing. What it comes from is a long time ago when ships would use the cannonballs cannonballs were expensive and heavy. Ergo, they couldn’t take that many on the big ship with them. So what they would do is in order to know where to shoot the cannonball, they would shoot a bullet, they would take their musket or rifle or whatever the thing is and shoot it. And that would tell them, Hey, the wind is blowing like this, this fire, all the things. And then they could take their cannon and aim it in a better position to actually hit their target. So that’s where it comes, man. You are so good, so close to they want you to. They would actually had a little miniature cannon. They would shoot the thing. Yeah, I don’t know. Yeah, they had a little. They had a little aiming cannon, a little cute little aiming gun that was like a cannon. And that way when they got the, the, the degrees and everything set to it, they could translate it to the bullets. But big gun, you’re right. And I love the fact I didn’t have to explain that you’ve heard this so many times. My gosh, it’s like in our family. I’ve actually told this to friends. Like, that’s how crazy this axiom is. And so what that means in your life, test it. What’s a way you can test something, either in business or in our family? If you’re considering this lifestyle and you want to learn more about this, pop over to my podcast, Digital Nomad Family podcast. It’s also episode four. So apparently four is the number today. And that episode is all about taking a test trip. The test trip is the bullet before a cannonball. And being in my family, we did it. And we encourage other people to do it as well. Yeah. Yeah. And this is my favorite thing about leadership. Leadership happens everywhere. The more you learn the leader, the better leadership skills you get. You can learn leader. You say you can use leadership lessons, your family life, your work life, your personal life. And this is one of those we use a lot. So. All right, everybody. Well, I thank you so much for being here for this episode. Thanks for being here. We’re going to do a couple of these here and there. Hoo! Who I know. I’m excited. I’ll be back on to the mirror of you. Yeah, you got me. People, I don’t know about the Eric guy, but when his wife is on, that’s great. It’s, I guess, so much better. All right, you can say that it’s okay. Yeah, that’ll make me laugh. In fact, I look forward to reading you a review and an upcoming podcast episode. And till next time, everyone chase the big dreams. Lead with courage and safe travels.