EOM Financial Report – May 2017

Yesterday concluded the second month of me embarking on my quest for world domination.

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Yesterday concluded the second month of me embarking on my quest for world domination.

If you read my EOM Financial Report for April, you'll find the format is consistent so bear with me as I repeat myself for the sake of letting anyone stumble into any given month and understand what is going on.

Out of my own curiosity and for anyone else who may be curious, I'm doing an EOM (End of the Month) Financials post series to make it clear how little it actually costs to travel the world. Maybe I just haven't looked hard enough, but I'm surprised and disappointed I've never stumbled upon something similar on various travel sites, though I assume the lack of transparency and openness comes from the widespread, mindblowing discomfort associated with talking about money.

I find the topic of money fascinating, due in part to the lack of fucks I give about it in the grand scheme of things (you can always make more money, but you can never make more time). Money is a tool, and it is only a tool, but our society has managed to convince us it is the key to happiness (among many other things) in spite of all the warm, fuzzy messages about it being the opposite. Society tells us to pursue our dreams, and in the same breath tells us to get a good education so we can have a stable career so we can get good benefits so we can aim high for the goal of one day being the RICHEST PERSON IN THE RETIREMENT HOME while some unfortunate soul is tasked with changing our diapers.

 

Eh – no thanks.

 

However, money does matter, I'm not so crazy as to deny that. I need a little money to make sure I can travel for several years until I figure out what massive problem I'm going to spend the rest of my life solving. I need more money to pay off all my debt once I return to the States after identifying said problem. And I need a butt load of money to build the company to tackle said problem, hire employees to work on it, and put a roof over my head and food in my mouth.

That's thinking about money on a utilitarian level. Money is NOT the key to happiness – to me, money is a tool to engineer solutions to solve problems and ensure we survive, thrive, and are able to propagate throughout the solar system, the galaxy, and the universe.

(Whatever is beyond the universe, who knows, but I assume we'll have evolved far beyond the petty use of something like money by that time.)

When it comes to what I'm doing now, however, it's incredibly difficult to talk to people about pursuing their dreams without the inevitable "But I just can't afford it" argument coming up. Well, I'm here to make you swallow that (that's what she said). You CAN afford it, even if you have to start small (because we all have to start somewhere) so think a little harder about what's stopping you and then quit making excuses, because fear is not an excuse.

 

"What's on the other side of fear?"
– Jamie Foxx

 

First things first, have I started generating an income stream since April?

FUCK YES!

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It took me longer than I expected because my perfectionism kept getting in the way, but I finally deployed my Patreon page, allowing ANYONE to support my journey in exchange for great daily, weekly, and monthly content including access to my daily journal entries so you can see inside the head of a madman bent on world domination, exclusive monthly video updates, discussions, letters and/or postcards from anywhere in the world, and an opportunity to join me for an adventure wherever I am!

As of May 27, 11 days after going live, the tribe already has 9 members pledging a total of $85, which generates a monthly income for me of $77 (Patreon takes a cut – it is a business).

Team, that is an AWESOME start to this journey. Even if I can just add 10 members a month pledging the same amount that will result in enough support to extend this quest indefinitely by this time next year! 

Also, a HUGE THANKS goes out to everyone who supported my GoFundMe campaign to help offset the cost of replacing the my stolen pack and its contents after I was mugged in Tapachula. We hit the target amount in only a week and raised an incredible $1,672 USD total. I am unbelievably blessed to have the friends I have.

 

Next, what is the current state of my savings?

I mentioned in my post The Cost Of Walking Away From Life that I left the country with just under $11k USD in savings and while I thought about incorporating this running balance into my math it's too unreasonable when I'm keeping a solid portion in Coinbase, Poloniex, and various digital wallets, which fluctuate daily, so what I will do is simply state my balances at the end of the month and you can do with them as you wish.

Capital One 360:     $934 USD
Cryptocurrency Balances
    Bitcoin:    Ƀ3.74 ($8,272 USD as of May 30)
    Ethereum:    Ξ10.78 ($2,425 USD as of May 30)
    Litecoin:    Ł25.0 ($589 USD as of May 30)
    Dash:    D5.0 ($614 USD as of May 30)
Total:    $12,834 USD

So far we're looking good on this front. With a little under $13k I can travel for the next year or so on a minimalist lifestyle assuming I don't get mugged again.

 

How much have I spent since April?

For one, I am maintaining several subscription-based services, which you can find below with their associated monthly cost:

– AT&T Mobile $50.72 USD (Cancelled as of this month, but charged one more time for April's usage)
Kindle Unlimited $9.99 USD
Spotify $9.99 USD
Audible $14.95 USD
Headspace $12.95 USD (Daily meditation)
Elevate $3.33 (Daily education – math, spelling, reading, writing, listening, etc…)
Typepad $23.96 USD (Typepad hosts my blog)
Patreon $5.00 USD (I'm supporting creators in the community as well)

So, that's about $131 USD.

 

Now, categorized expenses. I'm not keeping a running tab on everything I spend money on, but the basics are easy to figure out.

LODGING
Palenque – 360 pesos ($19.21 USD, or $9.61/night)
Guatemala City – 2,165 quetzales ($291 USD, or $12.13/night)
Antigua – 275 quetzales ($37.34 USD, or $12.33/night)

 

TRANSPORTATION
Colectivo – 10 pesos ($0.54 USD)
Taxis – 30 quetzales ($4 USD)
Public Buses – 6 quetzales ($1 USD)
Bus – Palenque to Tuxtla - 271 pesos ($14.66 USD)
Bus – Tuxtla to Tapachula – 266 pesos ($14.37 USD)
Bus – Tapachula to Guatemala City – 560 pesos ($30.25 USD)
Bus – Guatemala City to Antigua – 80 quetzales ($10.86 USD)

 

FOOD - 470 pesos ($25 USD) and 930 quetzales ($125 USD), so $150 for the month, or $4.84/day
I didn't even fast this month so I'm impressed I was able to keep this under $5/day while living in the city and drinking café con leche all day long that I supplied to the hostel myself after feeling guilty for consuming the entire kitchen's supply in the first few days. BUT that complimentary breakfast and those street food carts certainly helped to offset my daily spending on food.

 

MISCELLANEOUS
I'm splitting this one up because replacing my backpack and its contents after getting mugged at the beginning of the month resulted in an unreasonable amount of spending that isn't relevant to the monthly expenses of traveling the world, especially because of my lifestyle (I would die without a Kindle, I now love knives, my forgotten love for Zippo lighters, etc) and business requirements (a brand new iPhone SE, new journals and pens, prescription glasses, etc) so the top section will be miscellaneous expenses relevant to traveling the world while the bottom section will be miscellaneous expenses irrelevant to traveling the world.

Relevant
Shrooms - 300 pesos ($16 USD)
SIM Card – Q125 ($17 USD)
Backpack – Q85 ($11 USD)
Belt (for pants) – Q40 ($5 USD)
Utility Knife – Q20 ($3 USD)
Deodorant – Q20 ($3 USD)
Soap – Q7 ($1 USD)
Tweezers – Q22 ($3 USD)
Scissors – Q29 ($4 USD)
Nail Clippers – Q8 ($1 USD)
Zipper Repair – Q25 ($4 USD)
Laundry (done twice) – Q80 ($11 USD)
Haircut – Q25 ($3 USD)
Boots for Acatenango – Q260 ($35 USD)
Lantern for Acatenango – Q40 ($5 USD)
Total: $122 USD

Irrelevant
iPhone SE 64gb - Q4,999 ($679 USD)
iPhone SE case – Q399 ($54 USD)
Anker 10000mAh battery – Q399 ($54 USD)
Productivity Journals (x3) – Q345 ($47 USD)
Adventure Journals (x2) – Q48 ($7 USD)
Pens – Q96 ($13 USD)
Butterfly Knife (x3) – Q145 ($20 USD)
Combat Knife – Q110 ($15 USD)
Knife – Q40 ($5 USD)
Lubricant for Knives – Q13 ($2 USD)
Zippo – Q225 ($31 USD)
+ Lighter Fluid – Q35 ($5 USD)
+ Flint – Q32 ($4 USD)
+ Wick – Q24 ($3 USD)
Prescription Glasses – Q1,485 ($202 USD)
Dirty Spanish Workbook – Q25 ($3 USD)
Total: $1,144 USD

 

The total of my expenses (excluding irrelevant expenses) is roughly $826 USD.

 

Which brings the running total to:
April$903 USD
May – $826 USD
TOTAL – $1,729 USD

 

So, for one month of fun in the sun and traveling around la peninsula de Yucatán based on a minimalist mindset, having a psychedelic experience in millennia old Mayan ruins, three weeks of working & wandering around Guatemala City, and hopping buses & shuttles from Mexico to Guatemala City to Antigua, you could start traveling for under $900 USD per month, or $10,800 per year, and I haven't even started volunteering at hostels to cover my lodging and meals, which account for over half of my expenses!

Also, don't get mugged.

 

So, what's your excuse again?

 

Shout out to Amy Lyn Michaelis and Markiavelli Jensen for being my first Patreon Heroes, helping me to share my journey with all of you! Anyone who becomes one of my Patreon Heroes gets a shoutout in all future posts!

Have you ever calculated the cost of pursuing a dream? How much would it actually cost to do something you've always dreamed of doing? What would you do if money was not a concern? Comment below and tell me about it!

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