Investigating 5 Ways to Make a Location Independent Income

I am not the typical image of a person looking to make a location independent income and live a location independent lifestyle. That lifestyle is usually associated with young professionals who have learned that the 9am-5pm office shuffle is not for them – and do something about it. Typically this lifestyle involves a laptop, internet connection, passport and a copy of Tim Ferris’s The 4-Hour Workweek (probably digital) as one of the 50 items packed minimalist style into a backpack.

So as 2012 begins, I’m relooking at passive income sources I’ve found success with in the past and investigating a whole host of new options that have sprung into existence over the past 5 years with the explosion of online opportunities. 

My journey in the search and investigation for 5 location independent income sources that suit me will be documented on my blog Centsable Chicks.  It’s important to note, that the income streams I end up with will be income streams that suit me based on my personality, my strengths and my weaknesses. They may not suit you. Or in the case of scams – they may suit no one.  I suspect I’ll come across at least a few of those in this quest.

The initial list of location independent income sources I will be test driving include:  Dividend and Fixed Interest investing, blogging, writing for content mills, affiliate income such as from Amazon sales and self-publishing via Amazon’s Kindle eBook platform. 

Since the location independent lifestyle, even a nontraditional version thereof involves making the most of the money you earn, I will at the same time be looking for ways to save money and find alternate cheaper ways of getting to the same (or very similar) end result.  I don’t like doing without things like my favorite magazines and books, so I’ll be looking to source those items at the best price I can find.

That may mean considering a change of format.  The digital age has brought with it a great boon for the minimalist packer – eBooks, Kindles, iPads, streaming movie and television content.  Save for the hardware required the digital nomad can have a complete library available with zero packing space sacrificed.

If you’re interested in my continuing journey in lifestyle design (with a heavy focus on financial matters) join me on Centsable Chicks for updates, reviews and what I learn along the way…