There was an article in the Netherlands with people working only a part of the year and it was called part-time retirement. The thing with the article is that they only showed people with good income jobs and that helps definitely to do so.
Well, you can do it with a salary slightly above minimum wage. The secrets? Not paying rent, non attachment to things and budgeting.
Please realize it’s not for everybody. You must have a good health, preferably without kids and above all: not being attached to security. Freedom is definitely one of my core values, and you know what they say: If you know your values, all decisions become easy.
The secrets
The secret for not paying rent is working in tourism so they give you an accommodation. I work for a touroperator (they are always looking for people for this and next year, don’t forget to mention my name ;)), but there are plenty of other options in this branche.
The second secret is no attachment to things. I don’t have a car and don’t spend a lot of money for clothes and other expensive stuff.
The last but very important secret is budgeting. I wrote a separate article about it: How to travel for less than 20 dollars a day
We want to see the numbers!
Here is a breakdown of the income and expenses over a year in which somebody works 5 months, spend 5 months in Asia (2 month with parents/friends in the Netherlands) (everything in Euros).
With the crazy times behind it’s difficult to give you the real numbers, but this estimation comes very close. It is even possible to save around 2000 euro per year.
Number of months working : 5
Number of months in Asia : 5
INCOME
Gross Annual Salary* 11 500
+ Extras 2 389
(transition payment/reservations)
Total gross income 13 889
- Pension contribution 731
- Taxes 0
---------
Total Net Income 13 158
EXPENSES
Fixed expenses (all year long)* 960
Monthly expenses Europe 3 150
(working)*
Miscellaneous NL Expenses 200
Non-working Months in NL* 100
---------
Total expenses Europe 3 450
Monthly expenses Asia* 5 000
Travel insurance* 375
Return flight tickets 1 200
Flight tickets(visa runs) 0
Various Asia 200
Flights within Asia* 0
Visas in Asia 0
-------
Total Expenses Asia 6 775
Total Expenses 11 185
==========
Change of assets in the year 1 973
=== Breakdown of Monthly Costs ===
Gross Annual Salary 2 300 * 5 = 11 500
Fixed expenses (all year long) 80 * 12 = 960
Monthly expenses Europe (working) 450 * 7 = 3 150
Non-working Months in NL 50 * 2 = 100
Monthly expenses Asia 1 000 * 5 = 5 000
Travel insurance 75 * 5 = 375
Flights within Asia : 0 * 1 = 0There is an interactive calculator that you can find HERE
With the prices of living in Asia, it’s also possible to work parttime on an online job and spend most of times there. But that needs a skill, the ability to sell yourself to future employers or clients and above all discipline !
It is an useful insight how to have a part-time retirement before you are old. As said, not for everybody but if this lifestyle matches your values, GO FOR IT!
renesmit