I've delayed writing this article for a while now because I'm not an authority on the subject. I don't make millions of dollars, and neither does Todd (that I know of).
However, something I realized is that it doesn't TAKE millions of dollars to make enough money to leave. Panama could easily be lived in for $1000 a month, and that's a sum that ANYONE could make.
So, instead of focusing on making huge sums of money, I'll focus on the first step : how to get out of the rat race and become location-independent.
I've really been thinking a lot about future vs. present, ever since reading The Time Paradox. Do you live every day like it's your last, do you save everything for the future, or do you find a happy medium?
One of the conclusions that I've come to, which might be blatantly obvious to everyone but me, is that time management should be exactly like money management. It's the same problem: how do you use a finite resource throughout your whole life for maximum benefit?
Thinking of time like money rules out the extreme ends of the spectrum. We all know what it looks like when someone spends every dollar they get as soon as it's dropped into their hands, and none of us envy that person (although some imitate him). Saving everything and never spending any money isn't that great of an idea, either. What's the point of having money if it gets buried next to you?