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Tag: Financial Freedom

  • Frugality Is Precision, Not Deprivation – Dragos Roua

    Frugality has a bad reputation. It sounds like eating cold beans from a can while wrapped in a blanket because you can’t afford heating. It brings to mind images of people obsessively counting pennies, reusing tea bags, and missing out on life because they’re too scared to spend.

    But that’s not frugality. That’s a scarcity mindset disguised as virtue.

    Real frugality is precision, not deprivation. It’s knowing exactly what you need versus what you think you need. And there’s a massive gap between those two.

    Hunger vs. Appetite

    Here’s a distinction that took me years to understand: hunger versus appetite. Hunger is a real signal from your body that it needs fuel. Appetite is that thing you feel when you walk past a bakery and smell fresh croissants, even though you just had breakfast. One is real need. The other is just addiction pretending to be need.

    Most of what we spend goes toward appetite.

    That gadget you bought because the ad hit you at the right moment? Appetite. The upgraded phone when your old one worked fine? Appetite. The “investment piece” clothing item now living in the back of your closet? Appetite with better marketing.

    The frugal person isn’t cheap—they’re accurate. They’ve trained themselves to recognize the difference between what genuinely improves their life and what just feels like improvement for fifteen minutes before the dopamine goes away.

    I’ve spent money on things I forgot existed a week later. Subscriptions I never used. Courses I never finished. Tools that promised to change everything and changed nothing. I’ve also spent on things that keep serving me years later. A good chair that saved my back. Skills that opened new income streams. Experiences with people I care about that still make me smile.

    The first type of spending is consumption. The second is investment. Frugality is knowing the difference before you swipe the card.

    The Gap That Keeps You Safe

    Financial resilience isn’t about having a lot of money. It’s about maintaining a sustainable gap between what comes in and what goes out. You can earn six figures and have zero resilience if you spend everything. You can earn far less and be rock solid if you’ve mastered this gap.

    Frugality is how you create and maintain that gap without feeling like you’re constantly sacrificing.

    The trick is that real frugality doesn’t feel like sacrifice at all. When you genuinely understand what you need, saying no to the rest isn’t painful—it’s obvious. You’re not denying yourself. You’re just not interested in the noise.

    Think of it like this: a person who doesn’t drink alcohol isn’t “sacrificing” by refusing a beer. They just don’t want it. There’s no internal struggle. The same applies to spending once you’ve recalibrated what matters to you.

    Getting there takes some work, I agree. Our entire environment is designed to blur the line between hunger and appetite. Advertising exists specifically to manufacture appetite where none existed before. Social media shows you what everyone else has, making you feel like you’re missing out. The economy literally depends on you confusing desire with need.

    Building The Skill

    Frugality is a skill, not a personality trait. It’s something you develop through practice and attention. Every purchase is a chance to ask: do I actually need this, or did something else convince me I do?

    Start small. Before you buy something, wait. Not forever—just a day or two. If the urge fades, it was appetite. If it persists and you can articulate exactly how this thing will serve you, it might be genuine.

    Track what you spend and, more importantly, what you actually use. You’ll find patterns. Subscriptions you forgot about. Categories where money just leaks. Things you bought with good intentions that never materialized into actual use. This isn’t about guilt. It’s about awareness. Once you see where your money actually goes, you can redirect it toward things that matter.

    Because here’s the thing: earning more doesn’t solve the problem if the problem is accuracy. People who can’t manage $3,000 a month won’t magically manage $10,000 a month. The pattern follows you up. The only way out of the downward spiral is to fix the pattern.

    Frugality can fix these patterns.

    It’s not glamorous. Nobody’s posting about it on social media. But it’s the quiet foundation underneath every financially resilient life I’ve ever seen.


    If you want to dig deeper into building automatic financial habits that stick, check out my book Gravitational Habits for Financial Resilience. It’s a practical guide to creating small, repeatable behaviors that pull you toward stability—without requiring willpower or constant attention.

    dragos@dragosroua.com (Dragos Roua)

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  • Can You Stay Relevant After 50, In The Age of AI? – Dragos Roua

    Spoiler: you can. You already are.

    Traditionally, old age was always a mark of wisdom, or at least useful experience. Something has changed, though, and, if you are over 50, chances are that your career is considered done in many Western countries. Add to this the systemic shift of AI, and you get a pretty grim picture.

    It’s 3 AM somewhere on the northern shore of Lake Balaton. I’m at kilometer 170 of a 222-kilometer race, and I’m not sure I can finish. The summer rain has stopped and the road is cutting through wet cornfields. I have the eerie feeling that my steps don’t make any sound: my soles are raw—blisters the size of my fist, already burst. Every single step sends brutal pain up my spine.

    I stopped running a few hours ago. Now I’m walking, alternating 30-second running sessions with 5-minute walking sessions, anchoring myself to the reflective vest of the runner ahead of me – disappearing and reappearing in the dark fog. The math is unforgiving: 52 kilometers left, less than eight hours until the cutoff. Normally, I would finish this with a smile on my face (even including a nap break, honestly), but now, after 170 painful kilometers and 24 hours of continuous effort, my body screams to sit down. My mind wants a reason to continue.

    So I made a deal with myself. Don’t think about the finish line. Just get to the next aid station. It’s 8 kilometers away. That’s all. Crawl if you have to, but keep moving until you see the lights. Then, when you get there, make the same deal again.

    I finished UltraBalaton that day. Not super fast, not in good shape—but finished. And something from that night stayed with me, became a kind of operating system for life: you don’t need to see the end. You just need to see the next checkpoint.


    I think about that race often now. The world feels similar—dark, foggy, uncertain, hard to see what’s ahead. AI has arrived not as a gradual shift but as a systemic change, the kind that reshapes our world in months instead of decades. If you’re over 50, you’ve probably felt the question poking relentlessly: Am I still relevant? Can I keep up? Is there a place for me in what comes next?

    Here’s what I’ve learned. After 50, you hold three assets that only compound with time—and none of them can be automated.

    1. Experience Still Matters

    We’ve seen the dot-com go bust. We’ve seen Lehman Brothers crash and witnessed the rise of the crypto world. Then saw NFTs crashing to the ground. When you’ve watched trends die so many times, you develop a quiet instinct for what lasts. You don’t need to chase every new thing—because you’ve earned the right to ask better questions first. Does this solve a real problem? Will it matter in five years? This pattern recognition isn’t nostalgia. It’s sane judgment. And sane judgment is what people pay for when the hype fades. And this AI hype will fade too.

    2. Ethics Is Irreplaceable

    When you’re younger, you look at integrity as something that drags you down. You watch how everyone else seems to be cutting corners and getting ahead. But corners catch up, eventually. They always do. By 50, you’ve seen hundreds of reputations traded for speed and watched the repayment come due. You’ve also learned that trust takes years to build and seconds to lose. In a world flooded with AI-generated content and shortcuts, being the person others can rely on, no matter what – well, that isn’t old-fashioned, it’s rare. Rare is valuable.

    3. Mindset Outlasts Everything

    That night in Hungary taught me something no business workshop ever could: keep moving until the next aid station. Not forever—just until the next checkpoint. This is the mindset that gets you through uncertain years, difficult projects, the long middle stretches when nobody’s clapping. AI can work faster than you, that’s true. But it can’t decide when to push through and when to rest. It doesn’t know that most people quit in the third hour after midnight – and the ones who don’t are the ones who finish.


    I sold my first company at 38. I thought I was clever – and for a while, I was. But then I watched almost all of the money disappear into bad timing and lessons I hadn’t learned yet. So I had to start over. I had to accept the chapter was closed entirely – and it was up to me, and only me, to start writing the next one. To move to the next checkpoint. Crawl if I had to, but move forward.

    The world keeps telling you that 30 is the new 50, then that 50 is obsolete. Ignore it.

    AI is just a tool. A remarkable one—I use it daily. But it doesn’t have scar tissue on its soles. It doesn’t remember pushing through at 3AM through wet cornfields. It doesn’t carry the crushing weight of a lesson learned the hard way.

    We’ve survived dial-up internet, the 2008 crash, and the whole cryptocurrency ups and downs. We’re still here. That’s not a disadvantage. That’s a hard-earned place at the table.

    Pack light. Move first. Finish the loop.

    The lake is still there. You got this.

    dragos@dragosroua.com (Dragos Roua)

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  • 3 Digital Nomad And Crypto Friendly Debit Cards – Revisited – Dragos Roua

    A while ago I wrote a mini-review for 3 digital nomad friendly debit cards. The rationale was that location independent peeps need better money tools than your usual, vanilla debit card. You need to make sure your card works in as many countries as possible, you need to have flexible limits settings and, if possible, you need to have extra services packed in (spoiler: Revolut leads big time here). Also, a big plus would be a decent crypto access layer.

    Before going forward with today’s post, which is mostly a checkpoint to see how these cards are doing lately, please be aware I’m not doing this very frequently. As a matter of fact, the last post I am referring to was written more than 5 years ago. So this is not your weekly churn of product reviews, it’s my personal experience with tools I’m using daily. Also, full disclosure, some of the links I’m using are affiliate links, so I might get some commission if you engage.

    Wise

    During the last 5 years, TransferWise became Wise. But other than the name compaction, nothing changed. Wise remained a very stable financial tool, one that I’ve been using consistently across a couple of continents and at least 5 countries.

    What you get with Wise? A physical card, as many virtual cards as you want, an app, holding and converting money in 40+ currencies, local bank accounts in 9 countries, and a very, very good UX. Business accounts get all retail features, plus a nice boost in local bank accounts, from 9 to 19. An interesting feature of Wise is that you get a little bit of cashback at the end of the month, based on how much money you held during this interval. So your money actually multiplies – not by a lot, but still.

    They have a referral program in place, which gives both you and the referred user $15 in fees – which is quite nice if you use the tool a lot. If you didn’t sign up yet (highly unlikely, given Wise popularity, but who knows) you can sign up for Wise here.

    All in all, Wise is my de facto standard for location independence.

    Revolut

    They didn’t change name since 5 years ago, so they’re still called Revolut. But that’s pretty much the only thing that stayed the same – almost everything else improved. Revolut tried to position itself from the very beginning as a service provider, not only a transfer money tool. They offered many additional services like stock trading, vaults (for savings) and, more recently, crypto trading and Rev points. And this continuous improvement approach paid back, now Revolut is way more than a debit card, is a “fat financial app”, or a “super app”.

    As such, you will actually pay for these services on a monthly basis, and based on the card type you choose: Plus, Premium, Metal and Ultra (at the time of writing). So be aware that Revolut incurs monthly costs, something that Wise doesn’t.

    A few words about Rev points: they’re basically a loyalty feature, the more you spend with Revolut, the more Rev points you get. The nice part is you get to spend these on actual services. For a location independent, these services are pure gold: Miles, eSim, Lounges or Experiences (there are more, feel free to search for yourself).

    I personally use the Lounges feature consistently, as I still get to travel a lot, between Vietnam and Portugal, and I had good experiences. It’s nice to see you get a sleepover in an airport like Doha, on that 24-hour-long flight between Asia and Europe, and you pay for it with Rev points.

    Another very interesting feature of Revolut is their crypto layer. You can seamlessly convert from crypto to fiat, or buy crypto with fiat. The service, piloted for 2-3 years on a limited set of chains, is now solid and it also has a more than decent UX, meaning it’s very, very easy to use.

    They have their own referral program in place, but it works a bit differently: they have “streaks” during which the rewards are fixed. At the moment of writing, you get $50 for anyone referred to Revolut, with an extra $25 when they sign up for Pro.

    All in all, Revolut is my choice of mobile financial services, with a nice debit card layer on top of it.

    If you haven’t signed up for Revolut (again, highly unlikely) you can get your Revolut card here.

    Krak

    With this, we’re getting to the crypto-first cards, and I confess I had a hard time to make my choice. The reason: they literally exploded over the last 2 years. As you probably noticed, the legal landscape around crypto changed consistently across the world, with each continent having specific regulations in place. As a result, more and more providers of hybrid crypto plus traditional finance products are popping up, almost every week.

    If you’re not familiar with this kind of product, well, it’s a regular card wrapped by Visa or MasterCard, but with specific crypto features, like converting crypto to crypto, fiat to crypto or crypto to fiat. Most of these products rely on stablecoins as the liquidity layer between crypto and fiat. Almost all of them have some cashback mechanism, or at least basic staking features – basically getting interest if you block your money in a “savings account”.

    I picked Krak, a card offered by the exchange Kraken, because it is one of the oldest and most respected crypto exchanges out there. Also, the product has a very good UX (almost on par with Wise, at least for me) which makes it feel like spending native currencies, not crypto. You can also make some small gains, if you’re using their staking services, but I honestly stay away from this, and I don’t endorse it in any way – unless you are really, really well educated and you know what you’re doing. If you are, then you know it’s well worth it.

    They have a nice referral program in place, where you can get up to $400 (combined) in rewards.

    You can get your Krak card here.

    The Contenders

    As I said above, hybrid crypto + fiat cards are popping up literally every week. I put together a (heavily) filtered list of interesting products in this area. These products are primarily suited for digital nomads who are also familiar with the crypto ecosystem.

    • Cypher – cross-chain card that also has its own token
    • Fuse Card – Solana based card on top of the Fusewallet
    • Tap – Multi chain card, with generous cashback program

    As the market evolves, expect that some of these will change or become obsolete.

    Final Thoughts

    The most important change related to debit cards was by far the crypto compliance wave. This offers indeed more freedom, more flexibility and even more potential abundance, as the crypto world is slowly getting out of the shadows and validates itself as a mainstream finance avenue.

    dragos@dragosroua.com (Dragos Roua)

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  • Assess Decide Do – 15 Years After – Dragos Roua

    15 years ago, while on a trip to Thailand (one of my very first trips to Asia), I created a productivity framework called Assess-Decide-Do. It’s built on the idea that you’re always in one of three “realms”:

    • Assess – exploring options, no pressure to decide yet
    • Decide – committing to choices, allocating resources
    • Do – executing and completing

    The main metric is how smooth the interaction is from one realm to the other. Prioritizing flow over completion. Also, the framework is fractal in nature—each cycle can contain smaller, complete ADD cycles within it.

    It was my response to the GTD hype running high at that time. I felt that churning tasks from a todo list couldn’t be our ultimate goal as human beings, while acknowledging that we still needed some structure, something that would allow us to function in a predictable way. Something that would honor our never-ending, changing nature, but still allow us to get stuff done.

    I’ve been consistently refining and using this at various levels in my life. What follows is a recap of how this framework evolved (spoiler: it stayed pretty much the same), how it was implemented (spoiler: there’s an app for that), and how it’s adjusting to the age of TikTok and AI (spoiler: there’s a repo for that).

    Without further ado, let’s go.

    Software Implementation: The Evolution of ADD

    The first iteration into actionable software was called iAdd. The name came from the ubiquitous “i” that every app had at that time and the framework initials. Oh, the naivety. Written in Objective-C, it was a fascinating exercise. I used it for several years before realizing it needed to evolve.

    I then iterated on both the name and the UI, switching from Objective-C to Swift. The result: something called ZenTasktic. I was proud of that name for a couple of years. Then reality hit, and I realized this wasn’t what an app needs. It’s great for showcasing in conversation, but without a massive marketing budget to push the name across every media channel, it would never take off. (Needless to say, I didn’t have a massive marketing budget—or a marketing budget at all.)

    So I did one more pivot: from ZenTasktic to addTaskManager. The new name might be a bit boring, but it’s simple, and it tells you exactly what the app does from second one. More importantly, it’s the cleanest visual implementation of the framework: each realm has its own screen, and moving tasks leverages the iPhone’s built-in swipes, so it feels like a task or project is literally traveling from one realm to the other—which supports my intention of emphasizing flow over task churning.

    The addTaskManager iteration also validated the business model—it’s a subscription on top of a generous free tier. There’s a growing community of paying subscribers with consistently positive reviews. The software implementation is strong, and the foundation is solid.

    Applicability In Other Life Areas

    When I first developed this framework, I had hammer syndrome: everything looked like a nail waiting for my hammer. I postulated that ADD would work well in pretty much all life areas, from relationships to business. In general, this was true. In general. Here’s an honest assessment of what worked and what didn’t.

    Health and Fitness

    Around the same time, I became a runner, starting with marathons and progressing to ultra-marathons. Using ADD in my training and race selection worked surprisingly well. I would start a specific training routine while staying in Assess, observing my body’s adaptation, then move to Decide only when it felt naturally feasible—like signing up for longer and longer races—and then just Do, like finishing the actual thing.

    Over the course of 10 years, I went from not being able to run 1 kilometer to finishing 220km ultra-marathons. Discipline, diet, the right social circle—all of this mattered, of course, but at the core was always my ADD framework shaping my approach. I’m not running competitively anymore, but I still apply ADD to my evolved fitness routine. For instance, I started swimming more, walking more, and visiting the Jjim Jil Bang (Korean spa) more often.

    Overall: 8/10 framework fit.

    Location Independence

    This is by far the area with the most spectacular results. In the last 15 years, I became fully location independent, changing three countries in my fabulous fifties alone.

    Here’s how I approached this. First, I would assess for a few months whether to live in a specific country. This included research about cost of living, social fabric, cultural differences, and more. Then, once the research stage was over, I would spread the assessment into real life by doing a two-week trial in that country. Living like a local, no tourist stuff, aggressive budgeting. Most importantly, not deciding on anything yet.

    After this real-life assessment test, I would move to Decide, which meant allocating time and resources for the move—OR going back to Assess. And here’s the beauty of the framework. I successfully moved to and lived in Spain, Portugal, and Vietnam, but after an overall assessment of almost six months (back and forth), I decided not to move to Korea. I still love the country, but some things just weren’t for me. The decision to withdraw and choose Vietnam over Korea felt completely natural.

    Overall: 10/10 framework fit.

    Financial Resilience

    This is on par with location independence, and it’s easy to understand why. I write extensively about financial resilience on this blog, so feel free to browse the category if you want to familiarize yourself with my approach.

    In this field, an Assess cycle can last several months.

    Usually I start with an MVP, like the Flippando game, and then gather real-world feedback. How many users, how much engagement on social media, how many inquiries from accelerators. In this specific case, the first two Assess cycles lasted about four months each. The first one was after winning the Glitch hackathon in Korea (which deserves its own blog post, I reckon), after which I decided to fully implement and publish the game. The second was after applying for a grant to port the game to Gno. The Do stage after each Decide cycle—actually making the game, working for the grant—lasted between six months and one year.

    The last Assess cycle led to the decision to stop development, keep the game up for portfolio purposes, and move on. I currently focus full-time on addTaskManager—complete Do immersion.

    Overall: 10/10 framework fit.

    Relationships

    And here’s where the framework hits differently. Relationships aren’t as predictable as implementing a coding project or evaluating a new country to live in. That’s mostly because there’s someone else involved—another real person with their own problems, goals, and expectations. That makes assessment exponentially more difficult.

    Also, crucially, the last part in relationships isn’t Do—it’s Be. You don’t just Do stuff; you try your best to Be in a relationship. That made me understand that the framework can’t fit all human experiences. Relationships need a more holistic approach—sometimes just faith and commitment.

    Overall: 5/10 framework fit.

    AI Integration: Claude Megaprompt and MCP Server

    Recently, I experimented with integrating my framework into LLMs—making the LLM ADD-aware, both in its operation and in relationship with the user. Understanding where in the framework someone is: assessing, deciding, or doing. The results have been remarkable. My first Reddit post generated over 53,000 views with a 91% upvote ratio, and the repository is actively watched and starred. If you’re interested, join the conversation, star the repo, or fork it.

    I’m also developing an MCP server (Model Context Protocol—a way for AI to interact with external tools) for my app. The developments in this area are lightning-fast, and I’m assessing whether to continue pursuing this as the standard itself evolves rapidly.

    Overall: 10/10 framework fit.


    All in all, Assess-Decide-Do has proved to be one of the most useful discoveries for me—and I hope for many others as well. Sometimes, we’re lucky enough to get it right from the first time.

    dragos@dragosroua.com (Dragos Roua)

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  • Asia for Digital Nomads – A Primer – Dragos Roua

    For the last 3 years, I’ve been living mostly in Asia, with bases in South Korea and Vietnam, and short visa runs in Thailand or Bali. I’m also familiar with Japan and Hong Kong from previous trips. What follows is my assessment of Asia as a destination for digital nomads.

    How this blog post is structured: we will start with orientation, continuing with the basics, like internet coverage and coffee shop working, and touching up with the more complex social interactions and cultural differences. But you can read it in any order. Please note that my paid newsletter subscribers get a chunky bonus of tips, with actionable information like special areas where you can work from, best digital nomad friendly coffee shops or neighborhoods, etc.

    Orientation — Know Your Place

    Asia is not a monolith, and treating it as such will lead to disappointment — or worse, expensive mistakes.

    The North of Asia (Korea, Japan) is over-industrialized, with high standards of living and a deeply opaque social fabric. You will need months, if not years, to penetrate the social layers here. Think of it as the Scandinavian equivalent of Asia: everything works, everything is clean, and everything is distant.

    South East Asia (Vietnam, Thailand, Cambodia) is a different beast entirely. These countries are developing rapidly, but they’re still affordable and the social fabric is permissive — people will actually engage with you. The Vietnamese are often called the Italians of Asia, and there’s truth to that: expressive, warm, and food-obsessed.

    Bali deserves its own mention. At the time of writing, it’s almost fully Westernized — a place with dominant Western culture sitting on Asian infrastructure. The spirituality part that everyone goes there for? Over-commercialized to the point of parody. If you’re looking for authentic spiritual experiences, look elsewhere.

    The practical takeaway: choose your base according to what you actually need, not what sounds exotic. Need structure and safety? Go to the North. Need affordability and human connection? Go South East Asia. Want to pretend you’re being spiritual while sitting in a cafe full of other Westerners? Bali is your next destination.

    Internet Coverage

    This is the easy part: Asia has exceptional internet coverage everywhere, at the WiFi level. Coffee shops, restaurants, malls — all reliably connected. Even small towns in Vietnam have better internet than some European capitals I’ve visited.

    If you’re visiting for the first time, you’ll find 5G SIM card options immediately at the airport. I recommend this only for emergency cases. The better approach is to find an online eSIM provider and choose your package before departure, then activate when you’re at the airport. It’s cheaper, faster, and you won’t waste your first hour in a new country standing in line at a telecom kiosk.

    One note about Vietnam specifically: the government blocks certain websites and services. Get a reliable VPN sorted before you arrive, not after. This is not optional.

    Social Interactions

    The North is highly formalized. In Korea and Japan, you should rely on meetup apps and try to discover connections at organized meetups — and there are many, with decent attendance. Random socializing in coffee shops or bars is possible but rare. People have their circles, and those circles are hard-coded by school, university, or workplace.

    In the South, East you should go with coffee shops, bars, or expat-friendly areas and try to mingle there. It’s easier, more spontaneous, and people are genuinely curious about foreigners. You’ll have conversations. You’ll make friends. Some of those friends will try to sell you things, but that’s part of the charm.

    The difference is profound. In Seoul, I could sit in a coffee shop for six hours and have zero human interaction. In Saigon, I’d have two conversations before my coffee arrived.

    Status and Hierarchy

    Understanding status matters if you want to navigate Asia without constantly offending people.

    The hierarchy goes: Age, Career, Money — in that order.

    Age trumps everything in the North. You defer to older people automatically. You use honorifics. You pour their drinks. This isn’t servility; it’s social operating system. In the South, East it’s more relaxed but still present.

    Career matters differently across regions. In Korea, your company name is part of your identity. In Vietnam, entrepreneurship is respected more than corporate affiliation (it sounds weird for a self-declared communist country, but yes, Vietnam is highly entrepreneurial, everybody has a small business).

    Money status is obvious everywhere, but the displays differ. In the North, wealth is quiet — luxury brands, yes, but subtle. In the South, if you’ve got it, you show it. Gold is the distinctive feature.

    For digital nomads, this means: don’t brag about your location-independent lifestyle to locals working 12-hour days. Don’t talk about how “cheap” everything is. Don’t assume your Western casual approach to hierarchy will be appreciated. Be polite. Read the room, adjust accordingly.

    Work Culture and Work Places

    The work culture here is better than the West, regardless of the actual place — by which I mean: people actually work.

    They work like they have no other choice, mostly because they don’t. If you’re not born into a wealthy family, you have to work incredibly hard, because there’s no relevant social welfare system. Pensions are barely a thing, so young people are actually supporting their entire family tree. Your 25-year-old colleague in Korea? They’re likely financially responsible for parents and possibly grandparents. The beautiful 20-year-old girl working in a Saigon bar? Same-same, but slightly different, she may also support brothers and cousins.

    This creates an atmosphere of focus that’s frankly refreshing after years of Western “work-life balance” debates that mostly result in neither work nor life being particularly good.

    By far the most affordable places to work are coffee shops. In Korea, there are even functional areas designated for work. A decent coffee shop — let’s say A Twosome Place, which locals consider lower-tier — has the first floor for ordering and quick sips, second level for social interactions (you can talk loud, laugh hard, walk around), and third-fourth levels for work and study. Same blueprint in Hollys, a slightly higher-tier chain.

    Specific to Korea, and something I haven’t seen anywhere else, are the study rooms in dedicated buildings: just rooms with a table, a small fridge for drinks, and internet. Many students spend entire nights in these study rooms, then go directly to school in the morning. The hustle is real.

    In Vietnam or Thailand, there’s not much franchising (although you can find Highlands Coffee, Phuc Long, Cong Caphe and Trung Nguyen Legend), but the diversity is incredible. It means you need to do a bit of extra searching, but it usually pays off big time. Independent coffee shops with character, good coffee, fast internet, and prices that make you wonder if there’s a mistake on the bill.

    Food And Fun

    Each place has its quirks, but in general, Asian food is spicier than you think.

    In South Korea, they use kimchi (??) alongside pretty much everything. In Vietnam, fish sauce (N??c m?m) is everywhere — and I mean everywhere. When a local tells you that the food in some place is “really good,” 99% of the time it means that food is incredibly spicy. Adjust your expectations accordingly.

    There are more and more Western options, but they’re usually more expensive and often worse than what you’d get back home. If you want to stay on the safe side, pick an international franchise (usually in shopping malls) or stay around expat-friendly areas. In Vietnam, this is easier, as expats are somewhat grouped by the real estate landscape — most condominiums are expat-only or expat-majority.

    About fun: you cannot talk about Asia without talking about karaoke. This is an industry here, and part of the deep culture.

    In South-East Asia, everybody sings — and they sing incredibly well. It’s casual, spontaneous, joyful. In the North, karaoke is more of a social layer you need to master for work, for social interaction, for integration. Different purpose, same activity.

    Needless to say, the nightlife landscape is very rich everywhere in Asia. You can always find areas with bars and restaurants — that’s one of the main perks of being around this space. The variety is staggering, the prices are reasonable, and the energy is genuine.

    If you’re the hiking type, you need to make your choice beforehand — pick a place to live that’s suitable for that, not for the bustling life of the main cities. You can try smaller cities: Busan or Daegu in Korea, Da Nang, Vung Tau, or even Phu Quoc (a small island in the south of Vietnam). These places offer nature, slower pace, and significantly lower costs, but you’ll trade that for fewer expat connections and less infrastructure.

    Transportation and Traffic

    You need to get your taxi/rideshare app sorted before arrival.

    In Korea, you can pick from Kakao T (the dominant rideshare app) and Uber (limited availability, usually more expensive). In the South, Grab is your choice. Grab is becoming a super-app, including food orders, ticketing, and more, on top of the main transportation layer — and it works well. You can order a car or bike, and prices are transparent.

    A word about Vietnam’s traffic: it’s intense. Actually, it’s like nothing I’ve seen before — though I haven’t been to India yet, so I’m refraining from calling it the most intense in the world.

    It took me one and a half days to summon the courage to cross the street.

    Vietnam has a population of 110 million people (including those living overseas, probably 10%) and a staggering 97 million bikes in circulation. The traffic doesn’t stop. It flows. You don’t wait for a gap — you step into the flow and move at a steady pace. Bikes will navigate around you. Stop suddenly, and you’ll cause chaos. I call this process “combing” through the bikes.

    This sounds terrifying, and it is, for the first few crossings. Then it becomes normal. Then it becomes kind of not a big deal.

    Budgeting and Expenses

    It goes without saying that South East Asia is the most affordable place to live and work right now.

    Vietnam and Thailand have a very low cost of living, and what you get for your money here — in any area, from accommodation to food to services — cannot even be compared with what you get in the West. Everything is cheaper and better. Significantly cheaper and way better.

    A proper meal in a local restaurant in Vietnam: $3-4. Meaning you can get a big bowl of Pho (50,000 Vietnamese Dong, $2), and a beer (30,000 Vietnamese Dong, $1.2) and you’ll be set for the day. A 2-3 bedrooms apartment in a good area of Saigon: $400-600/month – including pool and gym access. A full-body massage: $10-15. These aren’t backpacker prices; this is normal life.

    If you choose the North, you can still have a decent life, but the cost of living is pretty much on par with big cities in Europe. You can live off €10/day if you really pay attention and plan — and I did this experiment — but you won’t enjoy much. Korea and Japan are expensive if you’re trying to live cheaply, and affordable if you’re earning well and know where to spend.

    The practical advice: budget for the North as you would for Western Europe. Budget for the South as about one-third of that, maybe less. And remember — cheap doesn’t mean low quality here. Often it’s the opposite.

    The Takeaway

    Asia is an incredible destination for digital nomads. It has good prices, a vibrant night-life, lightning fast developing infrastructure and a huge learning surface: from cultural differences to social interactions.

    As I said, if you’re one of the lucky paid subscribers to my low-volume, no-nonsense newsletter, you will get in your inbox a host of actionable details, coffee shops and neighborhood to works, all hand-picked and verified by yours truly. If not, you can subscribe below.

    dragos@dragosroua.com (Dragos Roua)

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  • 55 Life Lessons I learned in 55 Years – Dragos Roua

    I made it. Today I turn 55. So far, my survival rate is 100%. Not bad.

    Actually, it’s way better than “not bad”. I call this decade the “fabulous fifties”: I changed countries 3 times, got married (again) had a beautiful baby (again) and many other amazing things happened. Although extremely rollercoaster-ish, it was by far the best decade of my life. And I’m only half way through it.

    Here are 55 things I learned so far. They’re in no particular order, and their significance varies a lot: some are simple, some are deep, some are probably obvious to you.

    1. Change is unavoidable, growing up is optional

    People will change. Your job will change. You will change. And if you try to resist it, the unstoppable machinery of reality will shred you to pieces. The only way out from the grinder is to accept change and then do your best to outsmart it. Also known as growing up.

    2. The most used accessory for a digital nomad is not a smartphone

    It’s an umbrella. To this day, I never leave home without one in my backpack.

    3. Trust is hard to build

    And way harder to keep. It’s a process that needs ongoing maintenance. Brush-your-teeth-daily level of maintenance.

    4. True, honest friends are like Bitcoin

    Their supply is limited and their value goes only up, never down.

    5. Friendship in a romantic relationship is a blessing

    You can have a really fulfilling romance just fine without being friends. But if you are also friends, then sometimes, when the life gets hard, it may help you reignite the passion. Sometimes.

    6. Starting a fitness habit, like running, takes at least a few months

    That’s way, way more than fitness gurus are preaching. You cannot “change your life in just 10 days”. It requires a lot of commitment and discipline to truly implement the habit. Finishing a 220km+ ultramarathon changes your life forever, though.

    7. Walking 10km/day adds years to your life

    Not in a metaphorical way. It actually does.

    8. Coding daily does to your brain what walking 10km/day does to your body

    If you can’t code, journaling also works (see below). Just use that grey ball of matter every. Single. Day.

    9. Setting healthy personal boundaries in any relationship (romantic, parental, work) is fundamental

    Without them, sooner or later, one of the partners will end up claiming everything, and the relationship will eventually break under its own weight.

    10. Setting healthy personal boundaries is a form of art, though

    And should be thought in school. Alas, it is not, so you’re left with learning by trial and error. Mostly error.

    11. You can genuinely love someone without being in a relationship

    Love is something you are, a relationship is something you build. And you cannot build one alone.

    12. The whole concept of “home” is overrated

    I entered my fabulous fifties without one, living in 3 different countries so far. A good sense of identity and strong personal values are way more important for grounding and recharging, no matter where you are in the physical world.

    13. Money is important only when you don’t have it

    That’s why it is usually a good thing to make money unimportant. Read that again, please.

    14. One of life’s most difficult skills is knowing when to choose stubbornness, and when to choose flexibility

    Your stubbornness, your persistence, is deciding your success rate. Your flexibility, your sense of adaptation, is deciding your survival rate.

    15. Survival always favors the most adaptable, not the strongest

    If survival was favoring the strongest, and NOT the ones most willing to adapt, we would all be dinosaurs now, and our iPhones would weigh at least 10 kilos. Maybe 12 with protective cases.

    16. There’s a difference between being broke and being poor

    Being broke is temporary and almost always fixable. More often than not, bouncing back from being broke gets you at higher levels than before. Being poor is a mindset that can persist even with money. Some of the weirdest poor persons I met were incredibly rich people, constantly thinking they don’t have enough.

    17. You can always do more, always

    When you fell like you can’t move forward anymore, like every cell in your body is screaming “stop”, you’re actually at 40% capacity. You still have at least 60% more potential, you just don’t know how to reach it. I learned this by running marathons and ultramarathons. But it also applies to business or relationships.

    18. The most dangerous sentence in any language is “I know”

    The moment you think you know something, you stop learning about it. I try to replace “I know” with “I think” or “my experience so far is”. It keeps the learning doors open.

    19. Fear of failure is usually worse than actual failure

    Most failures teach you something valuable. Fear just paralyzes you. Fear is the mind killer.

    20. The best productivity system is the one you actually use

    I’ve tried them all – GTD, bullet journals, fancy apps. What works is whatever feels natural enough that you don’t resist it.

    21. You can’t sail a toy boat on a pierced bucket

    Fix the leaks before optimizing the sails. Financial stability requires plugging spending leaks before pursuing growth opportunities. Establish budgeting discipline and eliminate wasteful spending to create a stable foundation.

    22. Debt is death

    Or at least death of freedom. Every debt you carry is a chain that limits your options, your mobility, and your ability to make choices based on what you want rather than what you owe. Financial independence starts with owing nothing.

    23. Learning public speaking is great, but learning how to keep your mouth shut is better

    There’s tremendous power in knowing when to speak and when to stay silent. Sometimes the most intelligent contribution to a conversation is the one you don’t make. Restraint is a form of wisdom that too few people master.

    24. There’s a big difference between owning and having access to something

    In today’s rapidly changing world, having flexible access to assets is often strategically superior to owning them outright. Access protects against unpredictable costs, enables faster adaptation, and reduces exposure to asset obsolescence. Ownership means control, but also burden.

    25. Life is not a movie, so you’re not a movie star

    Modern social media culture encourages people to script and perform their lives like movie characters, creating artificial personas disconnected from authentic human experience. Stop treating your existence as a brand to be marketed. Accept the messy reality of being human rather than a manufactured character.

    26. Never shop on an empty stomach

    This simple rule saves you from countless bad decisions. Hunger clouds judgment and makes everything look appealing. It applies to more than just groceries—never make important decisions when you’re in a state of lack or desperation.

    27. Too much is just as bad as too little

    Sudden wealth creates problems because people lack experience managing larger sums. Build wealth incrementally through small, manageable increases, allowing yourself time to adapt to each new financial level. This principle applies to everything: success, attention, power. Balance is the key.

    28. The most interesting conversations happen during long runs

    In an ultra-marathon, when you’re in the race for more than 10 hours, you simply cannot stand any kind of pretense, or white lie, there’s simply no more energy left for that. You just tell it like it is. If people would function at the same honesty level in their daily lives, the world will be a much better place.

    29. Humans need entropy

    Too much comfort, and we die by complacency. Too much chaos, and we burn out, we disintegrate. The sweet spot is at the edge, constant dance between chaos and order.

    30. The obstacle is not the bottleneck

    Obstacles block paths temporarily. Bottlenecks restrict flow permanently. While popular wisdom suggests confronting obstacles head-on, persistent bottlenecks are dead ends requiring a change of course rather than perseverance. Staying in a bottleneck depletes your energy and limits future options. Know when to pivot.

    31. Playing the long game always wins

    Short game may give gratification, and gratification is tasty. But try to position for the long game, every time you can, as the benefits will be lasting a life time. Hint: you can always position yourself for the long game.

    32. Location independence is not a luxury anymore

    It has evolved from a luxury into an essential survival skill due to rapid political and social uncertainty. Mobility means optionality means security in an unpredictable world. Remote work combined with geo-arbitrage now makes this lifestyle accessible to ordinary people, not just the wealthy.

    33. Living life like a tourist is nice, but living life like a traveler is better

    I already wrote a couple of time about the tourist bias, and it’s a nice thing to experiment. But there’s a difference between a tourist and a traveler: the tourist visits places, the traveler meets people.

    34. Apologizing when you’re wrong is a superpower

    Even if it feels very hard to do it, it pays big time. You lower the friction, and that helps getting back on track faster: most people are so surprised by genuine apologies that they immediately want to resolve the conflict. Not to mention the damage your ego gets when you apologize. And your ego being damaged is a good thing.

    35. We can only connect the dots backwards

    Life’s meaning and direction only become clear in retrospect. While we cannot predict how our choices will unfold, trusting the process and making intentional decisions allows unexpected outcomes to reveal themselves as part of a meaningful pattern. Often, what initially feels like detours or disappointments lead to better destinations than we could have planned.

    36. An early riser is a failed late riser

    Becoming an early riser isn’t about inherent superiority—it’s simply the result of abandoning late-night habits. You get to be an early riser only after you fail to be a late riser. This principle extends beyond sleep schedules: sometimes the path to improvement lies in consistently moving away from what doesn’t serve us.

    37. The internet should be consumed with caution

    It is indeed the world’s largest library, but also the world’s largest mind controlling tool. The attention economy became so specialized, that now it’s almost trivial to create a trend or to swing democratic elections in any country, just by playing with people’s minds over the internet. Learning to consume this medium mindfully is a crucial 21st-century skill.

    38. Your future self is counting on the decisions you make today

    You literally build the future version of you with any decision you make, every single one. So, choose wisely. Also, try to make friends with your future self – you’ll be spending a lot of time together.

    39. Being lonely is very different from being alone

    Loneliness and solitude are completely different experiences. One is painful, diminishing and hurts big time. The other is recharging, constantly supportive and heals big time. Learning this difference changes everything.

    40. The most productive people I know aren’t the busiest ones

    They’re the ones who’ve learned to say no to almost everything so they can say yes to what truly matters. They know how to make room for energy to flow, not to stay blocked in rigid systems.

    41. Your opinion of yourself matters more than anyone else’s opinion of you

    But it took me 50 years to really understand (and believe) this.

    42. A good habit is an invisible habit

    The best habits eventually become so integrated into your life that you stop thinking about them—they become invisible. Once you achieve meaningful goals through consistent habits, let them blend naturally into your routine rather than continuously chasing the next objective, allowing you to find contentment in what was once an aspirational target.

    43. The best time to start doing what you like was 20 years ago

    The second best time is now. I know this saying is about planting a tree. But I learned that it applies to almost everything in life.

    44. Making your bed every morning is one of the best habits you can build

    It provides psychological control and stability in an unpredictable day. This is a part of the day that you can control. It doesn’t take too much time or energy. By completing this small, tangible task before facing life’s chaos, you establish an anchor of accomplishment and create something orderly to return to—transforming a simple habit into a powerful tool for mental resilience.

    45. The most expensive thing in the universe is stupidity

    Or, if you want a nicer way to put it: lack of education. When you keep being stupid, when you avoid learning, you do things that make you pay incredible amounts. And the sad thing is that you pay not only with money, but also with time.

    46. Your health is your real wealth

    Everything else becomes meaningless if you don’t have it.

    47. The person you’re most attracted to initially is rarely the person you should be with long-term

    Chemistry and compatibility are different things. Sometimes, in very rare occasions, they can happen at the same time, but these occurrences are so rare that they’re spread not over a lifetime, but over a few reincarnations. Popular name: soulmates. If you find one, consider yourself very, very happy.

    48. Your past is not determining your future

    But the stories you tell yourself about your past determine your future more than the actual events that happened.

    49. Comparing yourself to others is always a losing game

    What you see of others is never their real image. What you show of yourself is never your entire persona. You’re comparing apples to peaches.

    50. The most important relationship you’ll ever have is with yourself

    If that’s broken, all other relationships will struggle.

    51. Success is not about reaching some destination

    It’s about becoming the kind of person who can reach any destination. It’s who you become, not what you get.

    52. The older I get, the more I realize that being right is overrated

    Being kind and being happy are much better states to be in.

    53. Every expert was once a beginner

    Every pro was once an amateur. Every famous person was once an unknown. Then only thing they did different, that set them apart, was that they kept pushing forward.

    54. Life is not a problem to be solved

    It is way too complicated to be solved. Better look at it as a reality to be experienced. Sometimes the best strategy is to stop strategizing and just be present. Move with the tide. See where you land next.

    55. Love matters

    We come into this world with nothing, but I feel deeply that we don’t leave empty handed: we take with us all the true love we experienced. And the only true love is the one you give, unconditionally, the love you receive is just happening to you, it’s not part of you.


    That’s it. 55 lessons from 55 years on this beautiful, messy, wonderful planet.

    If you’re younger than 55, don’t worry – you don’t need to wait decades to learn these things. Most of them are available to you right now, if you’re paying attention.

    If you’re older than 55, you probably nodded along to many of these and have a few dozen lessons of your own to add.

    And if you’re exactly 55, well, happy birthday to us. We made it this far. Here’s to whatever comes next.

    dragos@dragosroua.com (Dragos Roua)

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  • How a Grandma Who Made $35k Earns 7 Figures in Retirement | Entrepreneur

    How a Grandma Who Made $35k Earns 7 Figures in Retirement | Entrepreneur

    When 14-year-old Sun Yong Kim-Manzolini was adopted from Korea by an American couple, she didn’t know English or much about the U.S. — only that it was supposed to be a place of “freedom.”

    But she was determined to make her adoptive parents proud. “I had to learn to love somebody — a stranger, basically,” Kim-Manzolini says. “But I was willing to do that because they were willing to take me in as part of the family.”

    Kim-Manzolini did everything her parents told her she should do: studied hard, got good grades, went to college. After graduation, Kim-Manzolini landed her “dream job” as a certified medical assistant, and she fell in love with taking care of patients.

    Related: Making the Move from Medicine to Entrepreneurship

    “I thought to myself, There’s no way I’m going to do this for the rest of my life.”

    Yet despite following the “right” path and working hard in her career, Kim-Manzolini, like so many Americans, found herself “living paycheck to paycheck” and “struggling to pay the bills.”

    “I thought, This is crazy,” she recalls. “Why am I suffering financially? I’m working 40 hours a week. That should be enough, right?

    Of course, it wasn’t — especially since Kim-Manzolini was raising children as a single mother after leaving an abusive marriage. Her then-husband told her she wouldn’t be able to provide for her family on her own and would end up on welfare.

    “And I thought to myself, He might be right,” Kim-Manzolini says. “But I’m not going to let him [box] me into that. Because I could work as many jobs as I needed to.”

    So Kim-Manzolini did. For years, she spent her evenings and limited days off working different jobs to make ends meet: selling vacuums, running a catering business, cleaning houses. Through it all, she continued working as a medical assistant. But the constant grind wore on her.

    “At one point, I thought to myself, There’s no way I’m going to do this for the rest of my life,” Kim-Manzolini recalls. “I need to change to a different job, do different things that will make me money to the point where I could at least take my kids on a vacation or have a day off and spend my time with my kids on the weekends.”

    What’s more, Kim-Manzolini couldn’t fathom working so hard for so long only to be too old to actually enjoy her retirement; she saw the scenario play out time and again in her line of medical work, where patients retired just to “spend all their money on doctor’s bills, emergency rooms and assisted living.”

    Related: How Much Money Do You Really Need in Retirement?

    “I went over my goal, and I thought, Oh my gosh. I was shocked.”

    Kim-Manzolini knew she needed to find more lucrative sources of income — and she started looking into real estate, considering opportunities as an agent and investor in 2014.

    It was while Kim-Manzolini and her new husband were attending real estate classes that she first learned of options trading. “What are you going to do with all of the money you make in real estate?” People asked her. “Why don’t you look into options trading?”

    Although Kim-Manzolini didn’t know anything about options trading at the time, she was familiar with buying and selling stocks. She worked for a doctor who talked about his portfolio, but Kim-Manzolini had always felt it was “over her head” and that she couldn’t afford to invest on her salary.

    “[Options trading] was intriguing because I didn’t have a lot of money, and it was really, really cheap,” Kim-Manzolini says. She began to research what it would take to get into options trading but was dismayed to discover that it would require a computer. She didn’t own or know how to use one at that point.

    But when she retired one year later, in December 2015, Kim-Manzolini needed a new way to sustain herself — she had no money in her checking or savings accounts, and it was too soon to touch the pension plan, 401k and other retirement accounts she’d built up over the past 33 years.

    I’d decided that I was going to study options trading — not knowing what kind of results I would get.

    So, in January 2016, when her husband returned to work and her son to school, Kim-Manzolini announced that she was getting to work as well.

    “My husband and my son said, ‘Huh, you just retired. What are you going to work for?’,” Kim-Manzolini says. “And I said, ‘I’m going downstairs to my office.’ I’d decided that I was going to study options trading — not knowing what kind of results I would get.”

    Kim-Manzolini taught herself how to use a computer and treated her options trading research “like it was [her] new job,” practicing Monday through Friday when the market was open from 7:30 a.m. to 2 p.m.

    By the end of that year, despite periods of “frustration” and “growing pains,” Kim-Manzolini had made roughly $100,000 with her practice account — and she was ready to try the real thing.

    “Of course, I still didn’t have any money,” Kim-Manzolini says. “I couldn’t touch any money, so I took out a home equity loan. Because you have to start somewhere. And I put it into my investment account, started investing and ended up making $178,000. I went over my goal, and I thought, Oh my gosh. I was shocked.”

    Image Credit: Courtesy of Sun Yong Kim-Manzolini

    Related: 50 Inspirational Quotes to Help You Achieve Your Goals

    “If you give up, then you will never find out how successful you could be.”

    Today, Kim-Manzolini, a grandmother of four, makes seven figures trading options.

    And she’s paying it forward by teaching other people, particularly single mothers, how to use her “unique miracle system” to trade options so they can spend less time working and more time on what matters most.

    “I thought, I’m going to teach this to single mothers so they no longer have to work six, seven days a week like [I did],” Kim-Manzolini says. “They no longer have to sacrifice their time; they get to watch their kids grow.”

    But anyone who aspires to financial freedom can learn from Kim-Manzolini.

    “[There are] people working nine to five for the corporate world who are overworked and underpaid,” Kim-Manzolini says. “They want to retire early. They don’t want to work forever — just like me.”

    Related: How to Make More Money in 2023, According to The FI Couple

    Kim-Manzolini credits her success to perseverance and the refusal to give in to fear.

    “[People] tell us some fearful things,” Kim-Manzolini says. “My kids [said], ‘Mom, you are good at medical assisting and love your job. Patients love you. Doctors love you. What are you going to do?’ And I said, ‘I don’t know. But I’m going to do something that I want to do that is not a pleasure. It’s my own time.’ [That requires] self-discipline and overcoming your fears.

    “Because a lot of us will stop when we [first] feel the fear,” Kim-Manzolini continues. “So one of the big takeaways is don’t ever give up — because if you give up, then you will never find out how successful you could be.”

    Amanda Breen

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  • How to Make More Money in 2023, According to The FI Couple

    How to Make More Money in 2023, According to The FI Couple

    It was 2017, the year before they got married, when Ali and Josh Lupo took a serious look at their finances — and realized they owed more than $100,000 in student loans.


    Courtesy of The FI Couple

    Despite working long, hard hours in human services, the couple was still living paycheck-to-paycheck, unsure how they’d afford a wedding or pay off their staggering debt.

    “So we started having that conversation of: ‘Is this what we want to do for the next 30 to 40 years, or do we want to start learning how to live differently?’ And that was where our mindset around money really started to evolve,” Josh tells Entrepreneur.

    The Lupos began tracking their expenses and saw they spent most of their income on rent and car payments, followed by food and dining out. Their first plan of attack? Implementing a strict budget: No date nights, no Netflix subscription, etc.

    But the extreme approach burned the couple out quickly, so they went back to the drawing board. They needed to find a creative way to reduce their largest expense: housing.

    Self-education led them to a solution (Ali emphasizes how many online resources, podcasts and books on financial freedom exist). If the Lupos purchased a multi-family home with a low down payment, they could dramatically decrease their monthly payments by renting out the other unit.

    So that’s exactly what they did.

    In the years since then, the Lupos have continued their journey to financial independence. They manage numerous streams of active and passive income, including their work as personal-finance content creators running the educational platform “The FI Couple.”

    If you’re ready to get your finances on track in 2023, read on for the Lupos’ step-by-step strategy.

    Define what success looks like for you

    The first step is the foundation for all the rest: Figure out your unique definition of success.

    The couple suggests considering what your ideal day and life look like. In other words, be clear about how financial freedom will allow you to do more of the things that make you happy.

    “Our life was ‘easier’ when our heads were in the sand, ignoring everything about our finances,” Ali says. “Our lives are more complicated and harder now because we’re more in tune with all of the responsibilities that come with this. But to have the power and autonomy over our time is worth all of it, so [you have to be] clear with your why.”

    Related: How to Train Your Brain and Reach the Highest Levels of Success

    Build a community that can help you stay the course

    The road to financial freedom can be a difficult one, but it’s even harder for those going it alone.

    Finding a community geared towards financial wellness can make all the difference, according to the Lupos.

    “Unfortunately, being financially savvy is not the norm,” Josh says, “and pursuing financial independence can get lonely because a lot of people aren’t necessarily living the same lifestyle. So whether it’s in person or online, having that community of like-minded people can be really inspiring.”

    Related: The Key Benefits of Building an Online Community

    Know your numbers: income, expenses, assets and debts

    Another critical move? Get thoroughly acquainted with the reality of your financial picture.

    As of September 2022, consumer debt in the U.S. was at $16.5 trillion, according to Bankrate. But many Americans are unaware of how much they actually owe: A 2019 survey from U.S. News found that one in five Americans doesn’t know if they have credit card debt.

    The Lupos stress the value of familiarizing yourself with all of your numbers.

    “So literally outlining and understanding your income, expenses, assets and debts,” Ali explains, “and having a crystal clear understanding of your financial situation.”

    Related: 5 Strategies for Entrepreneurs to Steer Clear of the Debt Trap

    Figure out how to lower expenses and increase your income

    Next up, consider how you might save and earn more money — “the two biggest levers a person can pull,” Josh notes.

    The couple acknowledges that increasing your income significantly can seem challenging at first, but the key is to get creative.

    “We decided to focus on how we could radically lower our expenses to increase our savings,” Josh says, “and doing so helped us pay off all the debt and buy real estate.”

    “If you’re able to increase your income and reduce your expenses, you’ll have more of a gap in between,” Ali adds, “and what you do with that gap is the key to becoming financially independent.”

    Never underestimate your earning potential either.

    “Coming from backgrounds in social work and human services that are historically lower-income opportunities, for a long time we identified ourselves as people [whose] value was a little bit lower and [thought] earning more just simply wasn’t in the cards,” Josh says. “In hindsight though, [the key is] getting around the right people and understanding different opportunity vehicles.”

    Related: 10 Ways to Make Money While You Sleep

    Consider which strategy makes the most sense for your lifestyle

    It’s not enough to brainstorm a solution and go all in — part of the secret is choosing an approach that aligns with your values and priorities.

    As fundamental as real estate investment has been to the Lupos’ success, the couple recognizes that it’s not for everyone.

    “The goal of financial independence is to have enough assets to pay for your overall cost of living,” Ali says. “So you have to [ask], What strategy makes sense for me? Do I want to invest in stocks? Do I want to invest in real estate? Do I want to be a business owner?

    “We talk to people all the time,” she continues. “They say, ‘I want to buy real estate.’ But then we talk to them, and I’m like, ‘It doesn’t really sound like you want real estate. Because real estate’s not that passive — and it’s a little more hands-on.’ You really have to think about which investing strategy makes sense for [your] life.”

    Maybe the most important thing to keep in mind, though? Don’t forget to enjoy the journey to financial freedom.

    “When we first started out, it felt like a chore,” Ali says. “Through the process, we’ve learned that the journey to financial independence is more important than the destination and that it’s really important that whatever you do to get there is sustainable and you don’t sacrifice the quality of your life to achieve [your] goal. Because then once you get to the goal, what life do you have?”

    Amanda Breen

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  • Optimize For What’s Necessary – Dragos Roua

    Technology optimizes for performance.

    Business optimizes for profit.

    Biological evolution optimizes for survival.

    Spirituality optimizes for compassion (non-aggression).

    How does this work out in real life?

    To be successful, any technology must optimize for performance.

    That means running the same process with less energy, in less time, or with greater accuracy.

    Take computers, for instance. They were optimized primarily for performance (measured in speed of CPU and data storage). If you compare the evolution in size of computers from, let’s say, the last two decades, with their evolution in performance, you would get incredible numbers. In terms of size, they probably shrunk 10-20x. A desktop from around 20 years ago is roughly 20x bigger than a laptop. But in terms of processing power and storage, the increase was 100-200x, at least. An order of magnitude higher.

    In technology, all resources are concentrated on performance, and cost is less important.

    A business is measured by the profit it creates. What’s left after you take out investment and operational cost, that’s the core of the business.

    That means a business is running the same process with increasing financial returns.

    Look how business is only slightly overlapping with technology here.

    You don’t always pay the same for the same amount of performance. All smartphones have roughly the same technical characteristics. And yet, some of them are selling for a lot more than others. Optimization done in areas like branding, communication, marketing influences heavily the returns.

    An organism is said to adjust when it functions in such a way that its current structures will be predictably supported.

    That means evolution runs the same process (life) over and over, with increased adaptation to the context.

    We already know that survival is not a feature of the strongest, but of the fittest. And by fittest it means “the one most adapted to the circumstances”.

    It gets interesting now if you combine the previous two optimizations. Sometimes, as a living organism, you need to generate profit (or fat, like bears do to adjust to the winter), and that’s a business type of optimization. Whereas other times you need generate more accuracy (if you’re hunting, for instance), or higher speed (if you run by someone who’s hunting you), which are both technology types of optimization.

    These two optimizations are used differently, based on the context, because that’s what evolution does: it adjusts to the context.

    A spiritual person does no harm (very, very basic description, I know, but bare with me).

    That means spirituality runs the same process (living consciously) by avoiding violence and aiming for unconditional cohesion with other human beings, on the basis that we’re all the same, and we all want the same thing: to be happy.

    Optimizing for spirituality means avoiding contexts in which violence is required, or even accepting loss or wounds, in order to remain in the non-violent space.

    Optimizing for spirituality is also the most complex optimization of all.

    You need to remain alive to be spiritual (dead people are dead, they’re not spiritual in any way), so that means optimizing for evolution.

    You need to become better at your practice (whichever that is) so you need to optimize for better, more accurate processes (just like technology does).

    And, once you understand that your well being is completely interconnected with the well being of all beings, then you also need to optimize for getting more returns, just to be able to give back to the others. Sometimes these returns are financial (the Church is one of the oldest, most profitable institutions in the recent human history), sometimes they’re just reputation (which is more fragile than cash, but also more flexible).

    Optimizing too much on some parts will get you beyond the goal.

    If we talk about spirituality, for instance, optimizing too much on accuracy, like in doing empty prayers and rituals, without understanding the end goal (cohesion) will make you a parrot, at best, and a human bomb, at worst. Optimizing too much on the financial profits, will make you a short lived sect, by triggering greed in your adepts. Optimizing too much on evolution, like adjusting to the context, will probably make you give in to temporary politics, just to remain alive.

    I find it difficult to stick to a definitive answer.

    I think most of the time we are driven to optimize for profit. This is very visible in crypto, with all the apeing and endless hunt for chunky APYs. This is rooted in a legitimate fear that we ain’t gonna make it if we stick to the current context.

    And with that we’re segueing into evolution, as crypto looks like a better bet in terms of adjusting to context. Even if it’s just a hedge, it’s an evolutionary advantage against actors who are using only one basket (government-backed fiat) for their energy storage.

    Sometimes we also need to optimize for technology, which was the dominant trend in crypto for the last 2-3 years, when the main goal was speed and vertical scaling. At some point we will hit a certain wall, in which aiming for too much performance will simply become unnecessary, nobody will use that. 1,000,000 TPS looks sexy now, but who’s going to need that? What’s the use case? Is it worth it?

    What I find extremely interesting, though, is that, somehow, crypto is better positioned for spiritual optimization, as in not doing harm. Hackers and exploiters aside, I think the entire blockchain architecture makes it way easier to just not do harm, it leaves less of an attack surface to greed. It’s as collective as a process can be (the blockchain cannot run without validators). It’s almost frictionless, once you learn how it works (every action produces effects almost immediately). It’s transparent, everybody shares the same ledger.

    It isn’t perfect, far from that, but it’s better than the middle-man in traditional banks, or government created, violence-backed money.

    Photo by JJ Ying on Unsplash

    dragos@dragosroua.com (Dragos Roua)

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  • 2021 Monthly Recap – July – Dragos Roua

    Dec 24, 2021 Dec 3, 2025 2021-12-24

    July was a settling month. A little bit of routine settled in, but I also allocate time for more exploration. Many a posts from this month are about direct experiences had in the new city, like Do Electric Scooter Grow On The Streets and Thinking Outside Of The Loyalty Card. But I had time for more on topic posts like Frugality And Financial Resilience, Location Independence Is Not A Luxury Anymore or Opportunities And Building Up.

    It was also the month in which I dedicated more than 10% of my content to a very specific topic, how to survive social media, and, more recently, mainstream media. I even came up with 3 different terms describing this new way of informational warfare: Main Stream Media, Side Stream Media and Down Stream Media.

    I think July was more or less a flat month, in the sense of the word “plateau”. There was a lot of strategical thinking, then a lot of planning, then a lot more doing, then obviously, at some point, I reached some sort of a plateau. The nice thing about the plateaus is the view. The not so nice thing is that you may get bored, or even think that “you’ve made it”. Soon enough I was about to write exactly about that, about the danger of “I’ve made it”, but that would not be until a couple of months later.

    If I would have to define July in one word, that word would be “accumulation”. If I would have to define it using a longer sentence, it would be: “accumulating experience and preparing for the next step, while enjoying the view”.

    Photo by Glen Carrie on Unsplash

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  • 2021 Monthly Recap – June – Dragos Roua

    Dec 23, 2021 Dec 3, 2025 2021-12-23

    After 5 very tumultuous months (although just by looking at the articles here you couldn’t tell) June was finally a month for rest. Not in the sense of vacationing, but more like settling down, re-inserting in a new context. By the end of the month I was already in long term accommodation and all the logistic and paperwork finished.

    June was also one of the hottest months of the year (along with July and August, but we’re not there yet) so a lot of my walking had to take place either very early in the morning, or later in the evening. It was also the month in which I finally figured out a work landscape, combining a few coffee shops into a manageable system. It may seem superfluous, but working is a very important part of my life, and where I work is fundamental. I used to be a digital nomad for years, and I consider myself location independent ever since the Covid-19 clusterfuck hit, but that doesn’t mean I don’t need a good place to work from. On the contrary, where I work from has a big impact of my productivity.

    In terms of writing, June was also a good month. There were quite a few interesting things happening in the world, El Salvador starting to accept Bitcoin as a legal tender being by far the most important one. The world continued to sink into totalitarianism, and truth started to be clogged in a sea of information. As busy I was, I still had time for a little bit of work on addTaskManager, pushing a bugfix release long overdue.

    I also continued to write about location independence and its 5 layers, as well as about financial independence basics, like beautiful budgeting in 3 basic bullet points.

    If would have to define June in a single word, that would be “relaxation”. If I would have to define it in a longer sentence, that would be “accepting rewards and enjoying a short respite”.

    Photo by Glen Carrie on Unsplash

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    dragos@dragosroua.com (Dragos Roua)

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  • 2021 Monthly Recap – May – Dragos Roua

    Dec 22, 2021 Dec 3, 2025 2021-12-22

    May was my first month into a new country, so the move was roughly completed. I didn’t set base into a long term accommodation yet, I was still searching, the long term thing happened only in June, so May was more or less suspended. The course of events is still clear in my mind, because the dates were almost surgically aligned. On the first day of May I crossed into Portugal (like, literally, I came by train / bus), and it was also the first day without restrictions on the ground traffic. Surreal memories.

    By then, a lot of the past was already behind, I was eagerly starting to explore my new life. May was also the month in which most of the logistics that required my presence happened, like obtaining all the paperwork for residency and so on. I also walked more than in any previous month (Camino month excluded, obviously), and this happened on a much hillier terrain. If you ever visited Lisbon, you know what I mean. It’s one thing to walk 10 km per day on a flat terrain, and a completely different one to walk 10km on a level difference of 30 stories every day.

    May was also one of the most consistent months in terms of well defined, on topic, posts. Because I was right in the middle of the process, I wrote a lot about location independence, and also about the big changes that the world went through. For instance, the religious similarities between Covid-19 apostles and Bitcoin maximalists, or the realization that there are idiots at the both side of the spectrum. And, obviously, about the Berlin wall inside our minds, which is still unfolding these days.

    I also wrote about financial resilience, from introductory posts like how to become financially resilient in 3 steps (spoiler alert: there’s more than 3 steps, but you can still do it), up to financial resilience in 3 words.

    But probably the post that was most influenced by this time (and you’ll see by its title why) is Most The World Is Functioning At The Grape Level. A lot of good wine in Portugal.

    If I would have to put May in a single word, it would be: “renewed”. If I would have to put it in a sentence it would be: “learning to walk again, into a new space”.

    Photo by Glen Carrie on Unsplash

    I’ve been location independent for 15 years

    And I’m sharing my blueprint for free. The no-fluff, no butterflies location independence framework that actually works.

    Plus: weekly insights on productivity, financial resilience, and meaningful relationships.

    🎉 Success! Check your email to confirm your subscription.

    Free. As in free beer.

    dragos@dragosroua.com (Dragos Roua)

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