Episode #311: Financial Planning for Digital Nomads with Michael Kim

Episode Summary

Learn how to improve your money mindset, set financial goals & avoid the biggest financial mistake digital nomads make. Michael Kim starts off talking about his family’s immigration story of how his parents got to Canada, his experience growing up in Toronto, and how is interest in travel started to develop.  He shares his experience studying abroad in Poland, then traveling to Japan and Korea, and eventually deciding to become a digital nomad and begin his entrepreneurial journey.  Michael describes the healing impact of moving to Mexico and then shares the highlights of spending 3 months in Puerto Escondido and slow-traveling through southeast Asia.  He also reflects on his experience and gives tips for traveling the world as a Queer digital nomad. Michael then talks about founding “Michael E Kim Coaching” and gives tips on how to improve your money mindset, how to set financial and lifestyle goals, and how to make, save and invest your money.  He speaks about financial planning for digital nomads in particular, and how to avoid the top financial mistakes that digital nomads are making.

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Michael Kim

Michael Kim is a personal finance coach, CPA, TedX speaker, and full time digital nomad.  Originally from Toronto Canada, he founded MICHAELEEKIM Coaching as a fully-remote business that he now runs while traveling the world.  His mission is to help working young professionals have control over their money and their lives. Using his expertise with both money mindset and money management strategies, he helps his clients learn to make, save, and invest their own money, to achieve their financial goals, become financially stress-free, and design a life they actually love.

What You'll Learn
  • Learn how to assess and improve your money mindset
  • Learn how to make, save, and invest your money to achieve your financial and lifestyle goals.
  • Learn how to avoid the biggest financial mistake digital nomads are making
Links From the Episode

Disclosure: This page contains affiliate links. If you click through any links and make a purchase, you should assume that Maverick will receive financial compensation (at no additional cost to you). We greatly appreciate you using our affiliate links because it helps to support the show and cover production costs of the podcast.

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Time Stamped Show Notes

**Click the time stamp to jump directly to that point in the episode.

[0:57] Introducing Michael Kim

[2:40] Michael’s Family Story Immigrating to Canada

[7:15] Growing up in Toronto

[8:50] How Michael’s Interest in Travel Developed

[11:40] Studying Abroad in Poland at Age 19

[14:12] Traveling to Japan and Korea

[17:03] Deciding to Become a Digital Nomad

[19:17] Michael’s Entrepreneurial Journey

[22:08] The Healing Impact of Moving to Mexico

[25:23] Spending 3 Months in Puerto Escondido, Mexico

[26:56] Slow Traveling Through Southeast Asia

[33:02] Traveling as a Queer Digital Nomad

[36:47] How to Assess and Improve Your Money Mindset

[41:38] How to Set Financial and Lifestyle Goals

[44:17] How to Make, Save and Invest Money

[48:49] Financial Planning for Digital Nomads

[53:53] Avoiding the Top Financial Mistakes Digital Nomads are Making

[55:32] How to Get a Free Financial Assessment with Michael

[56:42] How Travel Has Impacted Michael

[58:28] The Lightning Round

[1:02:10] Follow and Connect with Michael