Have you ever thought to yourself that if you had the opportunity, you’d leave everything and just travel around the world?
Marcello Arrambide created the opportunity and visited 80 countries in the span of 5 years. He covered his expenses by day trading for a few hours during the day whenever he found Internet access in the country he was visiting. He calls himself a “wandering trader” and he believes that everyone can do what he did if they work hard enough to master day trading. Currently, he trains others in day trading to help them achieve their dreams of traveling.
Many major media outlets covered Arrambide’s widely popular story and all of them had an underlying team of reaching financial freedom through day trading. Day traders buy and sell financial instruments throughout the day and close all their positions before the market closes (so they don’t take overnight positions). Although this might sound like an easy process, day traders bear significant expenses and risks. In order to make a sustainable profit from day trading, one really needs to master the process. This is where Arrambide offers assistance to those who are willing to take risks and work hard to learn day trading. The awards could be big, but the potential downside certainly exists.
All in all, it is possible to travel around the world and being financially independent. However, this all depends on your definition of traveling around the world and financial independence. If you are willing to be a tourist on a budget or make money just enough to support yourself and your travels, then Arrambide’s formula might be the right one for you. On the other hand, if you want to indulge yourself with expensive concerts in foreign countries and buy hand crafted local jewelries, then the young and free formula might not be the solution.
Arrambide’s journey and achievements are inspirational, but we should keep in mind that it is not for everyone. Next time you think about traveling around the world, remember that there is a seemingly a simple way of reaching that dream.
Image source: Flickr