5 Tips For Managing a Job And Working On The Road

5 Tips For Managing a Job And Working On The Road

Being location independent is one of the main positives of having my business. I am able to work from wherever. All I really need in order to work is my laptop and safe wi-fi.

While being location independent is a great thing, it can be hard at times to actually get work done.

Here are my five tips for managing a job and working on the road:

1. Have a plan before you leave.

Before you set out for the road, you should have some sort of plan. While it’s not a necessity, it can make the whole being location independent a little bit easier if you have a plan for what exactly is going on.

You might want to think about:

  • How you will make money.
  • How much cash you will save up before you leave.
  • How long you will travel for.
  • What you will do for insurance.
  • Whether someone will be traveling with you or not.
  • What your budget will be each month.

2. Travel slowly.

Everyone likes to travel differently, but if you want to be able to work and travel at the same time, one of my best location independence tips is to travel slowly. The actual transportation part of traveling can eat up a lot of time, and it can be very expensive.

Instead, enjoy each place you visit more. This means instead of spending just one or two days going to each location, maybe spend a week, a month, or even a year in each place.

3. Make sure you have everything you need in order to work.

Before I leave on any trip, I go through a checklist of everything I need to bring with me. Yup, I am a mega dork, but it helps calm any stress I have about forgetting something at home.

I also make sure I have everything I need wherever I am traveling. This means I always make sure that wherever I am staying HAS to has fast wi-fi. That’s really my only requirement. I won’t stay anywhere that doesn’t have wi-fi in the room, even if there is wi-fi in the lobby – that’s just not good enough.

Some things you may need when traveling (of course, it’s all dependent on what exactly you do):

  • Laptop.
  • Wi-fi or some way to get internet.
  • Carrying bag for everything.
  • Passport, license, visa, etc.
  • Journal, pens, paper.
  • Camera.
  • Video and/or voice recorder.
  • Business cards.

4. Adjust when you need to.

When traveling and working, you need to remember that everyone travels differently. What may work for someone else may not work for you. So, as you are traveling, it is definitely okay to switch up what you are doing.

For example, in the beginning, you may find that traveling quickly works for you, as time goes on you may find it harder and harder to manage work at the same time. You then might want to look into adjusting your travel plans to make location independence work better for you.

Another way to adjust would perhaps be to have a home base if traveling becomes too stressful or if you are missing home. No, you are not calling it quits. Sometimes being at home every now and then is just what someone needs. I like to stop traveling every so often so that I can go home and relax on my own couch and sleep in my own bed.

5. Have fun!

Don’t forget that you are traveling and working at the same time for a reason. Try to have some fun while you are traveling, and remember that everyone travels differently.

Enjoy the wonderful places you are visiting! You can also try using Evolution Business Systems to make your life a little easier.

Is being location independent something you are striving for? Why or why not?


Three Retirement Plan Options For The Self-Employed

Three Retirement Plan Options For The Self-EmployedRetirement is an area we have always slacked in. We’ve never saved or research retirement options as aggressively as we would have liked.

That is all going to change now.

We still plan on living an enjoyable life, but we want to start investing more of our money and seeking out the best self-employed retirement plan for our situation.

Below are some of the different self-employment retirement plans that may be available to you:

Solo 401(k) Plan

This is the retirement plan that most people have probably heard of.

With a solo 401(k), you can contribute up to $17,500 in 2014 and $18,000 in 2015. You can also contribute an extra 25% of your net earnings from self-employment for a maximum total solo 401(k) contribution of $52,000 for 2014 and $53,000 for 2015 if you are under the age of 50. If you are 50 or older, then you can make an additional contribution of $5,500 in 2014 and $6,000 in 2015.

Here are some other things you may want to know about the solo 401(k):

  • The solo 401(k) is a self-employed retirement plan for a person who has no employees.
  • You must open a Solo 401(k) by December 31st.
  • The solo 401(k) is a great plan for a self-employed person because the maximum you can contribute to the plan is high.
  • Your money grows tax-deferred in this plan until you reach retirement age.

Simplified Employee Pension Plan (SEP)

I’ve had a SEP plan for a few years now. Before I started working completely for myself, I had a SEP at my day job. I worked for a very small investment firm where I was able to have a pretty nice retirement plan there.

You can have a SEP IRA whether or not you have employees. With a SEP plan, if you have employees, you will be required to contribute retirement funds towards their accounts as well. Employees do not contribute anything, only the employer. This is why I loved my SEP plan at my day job so much. It was completely free money and you are required to receive the same exact percentage as everyone else at your company.

With a SEP plan, you can contribute as much as 25% of your net income from self-employment, up to $52,000 in 2014. For 2015, the number is $53,000.

Here are some other things you may want to know about having a SEP:

  • You can create and fund a SEP plan until the tax-filing deadline. If you file an extension, you have until October 15.
  • Your money grows tax-deferred in this plan until you reach retirement age.
  • It is also easy to create, easy to maintain, and cheap to operate.

Savings Incentive Match Plan for Employees (SIMPLE IRA Plan)

With a SIMPLE IRA Plan, you can put up to $12,000 in 2014 of your net income into the plan, and up to $12,500 for 2015. If you are 50 or older, you can contribute an extra $2,500 in 2014 and an extra $3,000 in 2015.

You can have a SIMPLE IRA whether or not you have employees. The SIMPLE IRA Plan is usually best for those who make less than around $50,000 a year because of the lower contribution limits.

How do you save for retirement? Are you on track?


Please keep in mind that I am not a tax professional. This post is meant for informational and entertainment purposes. Always do your own research and seek out help if you need it.

How Being Cheap Can Hurt Your Business

How Being Cheap Can Hurt Your BusinessHave you ever witnessed a business that was acting so cheap that it was obviously hurting their business? Almost like they didn’t want to be in the business anymore and were purposely burning their business down? I have.

It’s a sad situation that doesn’t have to happen, yet it does all the time. It may seem like obvious mistakes to those on the outside, but to those who work at the company it may be a different story.

I’ve personally seen businesses close their doors because they were too cheap. The owners always believed they were helping the company by being cheap, but it actually turned out in many cases that they were preventing their company from growing. They were turning customers away, they were making good employees leave, and they were losing out on possible sales.

Below is how being cheap can hurt your business:

You won’t invest in items that will make your business appear better.

Depending on what kind of business you run, I’m sure there is some sort of appearance that you would like to keep. Your business should always be presentable and demonstrate the image you want your customers to see.

For example, if you run a brick and mortar store where customers come in and shop for high-quality expensive items, your store should be presentable and clean. If you skip out on cleaning windows, cleaning the floor, and so on in order to save a few dollars, this can scare customers away. For this reason, we recommend using professional cleaning services.

You run your employees ragged.

Do you have enough employees for your business? If you make enough income to hire another employee when you need one, it’s something you should definitely look into.

You do not want to overwork your employees and make all of them want to leave your company. This can cost you your best workers, and they may leave your company and join your competition instead.

You try to do everything yourself.

I’ve seen this happen several times. A person is building a business and tries to do everything themselves. They might be afraid to hire out because of the costs and because this means they may lose some control of their business.

However, this almost always is a recipe for disaster. Yes, in the beginning you may be able to do some tasks yourself, but you may actually start to hurt yourself and your business. All businesses either grow or die out. If your business is growing, then you will need help eventually with your business.

I have mentioned this story before. I used to work next to a retail store where the business owner literally managed everything himself. He was the store owner, he managed the inventory, he cleaned the store, he stocked the shelves, he opened and closed the store each day, he was the cashier, and everything else. His store ended up closing because he was too cheap to hire anyone to help him. There’s only so much one person can do before it negatively affects their business.

You won’t hire an accountant or a lawyer.

This one is related to the above section, but I think it deserves its own little area. Too many people think they are saving money by not hiring an accountant or a lawyer for their business. In some businesses this is not a necessity, but in many they are.

An accountant can save you money on your taxes, and help you in many other areas such as helping set up and manage retirement plans. A lawyer can help draft agreements and contracts, and they can also do other things such as help you get a trademark.

How else do you think being cheap can hurt a business?

What real life examples have you witnessed?