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About Me

About Me

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Hi, I’m Elaina and I want to help you live life on your terms, find a career you love, and travel as often as you want. These are the best years of your life and you deserve to be FREE! 

 

I’ve lived, worked, and traveled to more than 60 countries, including some pretty off-the-beaten path destinations like Mongolia, Ethiopia, Nigeria, and Paraguay. I lived out of a suitcase as a full-time nomad for 5.5 years, ever since leaving my management consulting gig in New York in 2013. You can read my full story here. I’m now living my dream, settled in Bali, Indonesia, fully independent and working happily on projects that support my deepest passion! 

 

What makes my story unique is that I’ve traveled AND built a professional career, working for companies like IBM and Uber over the years. I’ve also spent long stretches of time freelancing and traveling adventurously through South America, Asia, and Africa. I now make my living helping others break out of ordinary living and get clear on their mission in life. I get paid to help people MANIFEST THEIR DREAMS like I did — how cool is that?  

 

I write about self-development, digital nomadism, charting unconventional life paths, finding jobs overseas, pursuing long-term travel, and living purposefully in a fast-paced, confusing world. There’s simply no one-size-fits-all model for creating a life you love. I’ve always done things a bit differently and I think there are SO many feasible ways for people to live “off the beaten path”. I hope my blog lets you see what’s both possible and practical.  

 

I started this blog because I want to help you find an exciting career, travel the world, break the norms, and develop yourself both personally and professionally. Drop me a line at elaina@lifebefore30.com or apply to work with me directly! 

The One Simple Formula That Will Help You Work For Yourself

Posted on June 21st, 2015

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One of my most recent coaching clients, let’s call her Jane, is an IT developer from Washington, DC who wants to work for herself so she can create a lifestyle that supports traveling, working from home, and raising a family. Her biggest obstacle, she admits, is finances. In her 30s, Jane still has a pile of student loans, only a few thousand dollars of savings, and steep DC rent to pay, yet she dreams of splitting her time between DC, South America, and Europe. Is it possible? What kind of practical advice can I possibly give her?

 

“It’s quite simple,” I tell her. “Let’s get to a number.”

 

What I mean by this, is to perform an analysis very few of us ever actually wind up doing: figuring out, to the dollar, what is the exact amount of money we need to live lifestyles that we can be satisfied with? This involves looking at what the unavoidable expenses are, like student loans in Jane’s case, as well as the variable expenses we do control.

 

I tell her: “Your loans present a financial challenge, but they are not going to stop you from getting to where you want to be, personally and professionally. They simply become part of the equation, something we have to account for, but not a reason to give up, got it?”

 

Other unavoidable expenses come up, like taxes and basic medical coverage. Just more numbers. Write them down; don’t be afraid of them.

 

Then we look at where there is wiggle room, with our variable expenses: rent, car, food, going out, home furnishings, clothing, cell phone, other tech gadgets, media, you name it. Think of what you’re spending money on (tracking every expenditure for a month might not be a bad idea), and then see where you can cut back.

 

Very often the answers are straightforward: You can rent a cheaper place or arrange to sublease your home or apartment when you’re away; you can walk more and save money on gasoline for your car; you can stop eating out as frequently; you can buy fewer clothes/gadgets/candles/whatever; you can spend less money on alcohol; you can take better care of what you already have.

 

Basically, you need less than you think you do.

 

The next step is to add it all up, tax it, insure it, and come up with a number, which should represent on a monthly basis what you need to live your life comfortably. Let’s say it’s $5,600/month (which is $67,200/year, even above America’s 2014 mean of $51,939, according to the U.S. Census Bureau).

 

Then you want to break down that number until you get a daily living expense rate, the real magic number. In this mathematically-favorable case it will be $5,600/4 = $1400/week, then $1400/7 = $200/day.

 

That means you need to earn $200/day to work for yourself and earn a good living. Now that’s not so scary, right?

 

Finally, the last step is figuring out what core skills you have that can be monetized and directly aligned with your number. For example, you can become a freelance IT developer who charges $50/hour and finds 4 hours of work per day. You can become an independent yoga instructor and charge $20 a head to 10 people a day. You become a freelance writer and write 4 articles a day for $50 a pop. You write an eBook about being a single parent in New York, sell it for $20, and make 10 sales a day online. You teach web design for $100/hour and have 2 clients a day. You get the idea.

 

Every single person on this planet has a unique portfolio of learned skills, life experience, and natural talents that can be monetized and packaged as a product or service, which in turn benefit others and bring us a respectable level of financial income and personal satisfaction.

 

I’m not saying any of this is easy or that it happens overnight (in fact, it will take a lot of work), but this formula helps tackle one of the most common practical obstacles to becoming self-employed. It can also be used as a framework for negotiating a remote or reduced working arrangement that still satisfies your number, or when planning a long travel stint. Whatever you’re dreaming about, change becomes a lot less scary and a lot more achievable when you break it down step-by-step, dollar-by-dollar.

 

Just get to your number and take control of your life.

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About Me

About Me

IMG_5937

Hi, I’m Elaina and I want to help you live life on your terms, find a career you love, and travel as often as you want. These are the best years of your life and you deserve to be FREE! 

 

I’ve lived, worked, and traveled to more than 60 countries, including some pretty off-the-beaten path destinations like Mongolia, Ethiopia, Nigeria, and Paraguay. I lived out of a suitcase as a full-time nomad for 5.5 years, ever since leaving my management consulting gig in New York in 2013. You can read my full story here. I’m now living my dream, settled in Bali, Indonesia, fully independent and working happily on projects that support my deepest passion! 

 

What makes my story unique is that I’ve traveled AND built a professional career, working for companies like IBM and Uber over the years. I’ve also spent long stretches of time freelancing and traveling adventurously through South America, Asia, and Africa. I now make my living helping others break out of ordinary living and get clear on their mission in life. I get paid to help people MANIFEST THEIR DREAMS like I did — how cool is that?  

 

I write about self-development, digital nomadism, charting unconventional life paths, finding jobs overseas, pursuing long-term travel, and living purposefully in a fast-paced, confusing world. There’s simply no one-size-fits-all model for creating a life you love. I’ve always done things a bit differently and I think there are SO many feasible ways for people to live “off the beaten path”. I hope my blog lets you see what’s both possible and practical.  

 

I started this blog because I want to help you find an exciting career, travel the world, break the norms, and develop yourself both personally and professionally. Drop me a line at elaina@lifebefore30.com or apply to work with me directly! 

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I work with extraordinary, brave, and self-inquiring souls who are ready to do the inner work required to launch them into the next huge chapter of their life. I work with people who are willing and ready to wake up and become more alive and aligned than ever before! 

 

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Currently in: Bali

 

Previously in: India

What’s Hot

Recent Posts

Coaching

Coaching

Hey friend, thanks for finding me!

 

I’m sure there’s a reason you landed here. Maybe we’re meant to work together and your whole life is about to flip upside down… That tends to happen with my clients as they transform from the inside out.

 

I work with extraordinary, brave, and self-inquiring souls who are ready to do the inner work required to launch them into the next huge chapter of their life. I work with people who are willing and ready to wake up and become more alive and aligned than ever before! 

 

Does any of this sound like you?

  • Successful on paper but not fulfilled inside
  • Feeling like you’re working so hard but not getting anywhere
  • Knowing you’re destined to do

Read more

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Follow me on twitter

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