Earning In Dollars And Spending In Peso Arbitrage

During the late 80’s me and my then partner (now my wife) discovered a way to earn money in dollars and spend in pesos through our business in the Philippines. It was such a revelation for us because we were able to grow our business in so little time.

But the happy days was short live. Due to a catastrophe that happened to the Philippines in 1991, the goose that lay the golden egg was killed by nature totally. We lost the opportunity that could have made us a lot of money at a very young age.

But that short lesson on earning in dollars, spending in pesos kept lingering in my mind ever since. I discovered the secret on how some business people have an unfair advantage over an ordinary business person.

You only have to find out how you can earn in dollars while you are in a country with peso as the national currency.

When we moved to Canada late 1990’s, the internet was still in its infancy. I was totally awed at its power then, even though it was still dial-up to connect that time – the wonder of accessing information while at home to me was like the discovery of fire. I never even imagined then that this new found technology will change our lives drastically. And so, as a user, I just watched as the internet grew and started changing our day to day habits.

(Note: I realized that this model will not work if my business and my location is both in Canada – even if earning in US dollar. So, I have to really move somewhere where the dollar will have more buying power. At present, my sight is set on Mexico!)

In 2003, just after we opened our Filipino travel agency business, I became interested in learning how to create a website. I knew then that having a website is the surefire way of getting our message across the world and not only locally.

I have not been thinking about earning in dollars and spending in pesos then. All I want is for our business to be known all over the world. Period.

It was 2005 when I first deployed our crude looking site. I don’t know anything about how to make people from other parts of the world get to know us. So, I started researching about the subject.

That is when I got to learn about making money online, internet marketing, SEO, email, etc. – each of them I learned from Corey Rudl’s Internet Marketing Secrets. That was 2005 and this set of books was also my very first big investment on internet marketing learning.

At about this time also, while learning the tricks from those books, I got to know some Filipinos who were already making money as internet marketing services provider to some online marketers.

I do not know exactly how this kababayans were able to connect with their customer from the West and I did not ask. Even when I met with them back home. And those meetings introduced me to my second ephipany in the earn in dollars, spend in pesos business. There they are in the Philippines, taking full advantage of what we now know as geo-arbitrage. Their customers are happy. They are happy. Wonderful world.

I was so happy for them. But of course, I was glad I found out about it, too. And of course, I will not take this one seating. I have to benefit from this somehow. Remember the earning in dollars, spending in peso mindset?

Sometime in 2008, after successfully making our Filipino travel agency made known online, I thought about running the business remotely in the Philippines. Why not? Besides our country-wide customers in Canada (and some in other parts of the world), a big percentage of our customers were in the Philippines.

So, I thought of setting up a small call-center like office in my homeland for our business in Canada — but I have another agenda besides that. I intend to incorporate an SEO/internet marketing/link building services business at the same time.

I already have some contacts in the business that were searching for those services. And I intend to locate in the Philippines after the business got stable.

From the looks of it, I will be pursuing the earning in dollars, spending in pesos economy again through the SEO/online marketing business. My hopes are up!

Long story short, I made my plan a reality after spending much money, time & research to make it happen. Long story short, it didn’t even last 2 years. I didn’t earn dollars, I actually lost them.

From my first shot at leveraging geo-arbitrage we made some money but on this second one, all I gained was lesson learned.

You’d think that I’d give up to realize my long-standing goal of earning money in dollars and spending in peso? Heck, no!

Since I found out the unfair advantage this type of making money has over other forms of business, I promised that I will not abandon chasing it until I make it REALLY work!

Now, since 2013, I have set my sights to Latin America to make this happen and am presently trying to test the waters in Mexico. Maybe it’s luck or maybe I’m just persistent but I already found several leads from my several trips doing my research (while enjoying sun, sea & ceviche at the same time!).

What I found – if I use a combination of my physical & online marketing experience in this new found opportunity, is that it does not only apply to one place or country. It is applicable to several countries around Latin America & Asia, as long as the main currency of the country is weaker than the dollar. But it’s not going to be easy.

Another shot at earning in dollars and spending in peso adventure coming up. And it excites me!

Bus Trip To Atlantic City And New York On Canada Day And US Independence Day

What’s there to do on a one summer long weekend? What about a bus trip to Atlantic City and New York?

That’s just what we did midnight after the Canada day fireworks. Our whole bus trip itinerary coincided on both Canada day (the day we left) and the U.S. Independence Day (the day we will leave the US).

Just like any other bus trips that we had, it was a fun, educational and relaxing experience that takes away some stress off for being in a wintery weather for months. We always make sure that we join bus trips like this because it’s a cheap way of seeing and learning about other places besides Toronto.

Here’s the complete itinerary of the bus trip to New York and Atlantic City, if ever anyone wanted to know:

Day 1:
Leave Toronto at 11:50 pm to the Canada-US border. Before entering the United States via the Peace Bridge (Fort Erie, Ontario and Buffalo, New York crossing), we stopped at the Fort Erie Duty Free Shop to do some liquor and wine buying (Note: Only 1 alcoholic drink allowed per person and receipt “might” be required and checked by Canadian customs upon return to Canada).

bus trip to atlantic city - trump plaza hotel

Day 2:
Arrived Atlantic City about 11 am and checked-in at Trump Plaza Hotel. The travel time from Toronto to Atlantic city, New Jersey by car is about 9 hours if driving non-stop, but because of stops at rest areas for washroom or coffee breaks, the travel time took almost 12 hours. As soon as we got in our room, we’re free to go around Atlantic city on our own – you can shop at the outlet stores, go sightseeing around or play slots in the casinos that’s along the boardwalk.

Atlantic city as a casino entertainment district is small compared to Las Vegas or even Macau but the best attraction of the place, for me, is the ocean view of the rooms of every hotel in the area. If you’re not into gambling, or even if you just wanted to rest after – you can go by the ocean to rest or surf a bit or swim, which is easy do so because it’s just steps away from your hotel.

bus trip to atlantic city - new jersey korean war memorial

In the evening, we watched the fireworks which were launched from a barge from the ocean. It’s an added bonus for Atlantic city visitors in celebration of US Independence Day which is only two days away.

Day 3:
Checked-out from the hotel and left Atlantic city for New York city at about 9 am. Approximate travel time by car is 2 hours via the New Jersey Turnpike. Before we traveled straight to NYC, we had a quick lunch and bathroom break just outside Atlantic city, which we need to do because we’ll have a very hectic day touring New York city and will stay in the city until 7 pm.

We arrived 15 minutes early in New York city, parked the bus along 8th Avenue (crossing 50th street) where we waited for the tourist guide who’s supposed to show us around. Man, I never knew NY cops are very, very strict – probably because the city is traffic congested. They had to tell our bus driver to go around and come back for our tour guide which the driver did because he’ll get fined if he won’t. Good thing is we only went around one time but even that took all of 20 minutes!

bus trip to new york city - tim hortons at time square

Anyway, our tour guide showed us around the city, taking us to Broadway, Manhattan, China town, Wall Street, Battery park (where a good view of Lady Liberty can be seen). We were taken to the site of Ground Zero, stopped and snapped pictures at Central Park and was dropped off at Times Square for some free time until 7 pm.

bus trip to new york city - times square center

We left New York City at 7 pm and reached Ramada Hotel at Rochelle Park, New Jersey at 7:30 pm where we are to spend the night.

Day 4:
After having free hotel breakfast, checked-out and left Ramada at 8 am. We proceeded to Woodbury Common Premium Outlet stores to do some shopping of brand name but low priced products. The shops open at 9 am and we stayed there until 12 pm. We then bused back and arrived in Toronto at around 10 pm to conclude our trip.

Address and contact info of places mentioned:
Trump Plaza Hotel
2225 Boardwalk, Atlantic City, New Jersey 08401
Phone: (609)441-6000

Ramada Hotel Rochelle Park
375 W. Passaic St., Rochelle Park, New Jersey 07662
Phone: (201)845-3400

Woodbury Common Premium Outlets
498 Red Apple Court, Central Valley, NY 10917
Phone: (845)928-4000

That’s how we spent our Canada Day and US Independence Day long weekend.

If you are from or around the Toronto area, this bus trip to New York City and Atlantic City is scheduled every year, every summer. It’s always scheduled to coincide during a long weekend so every Toronto resident who want to visit the United State’s famous city can avail of the opportunity for just CAD$380 per adult and CAD$280 for a child under 12 years old, everything included – except food and drinks or extra tip for the driver.

bus trips from toronto to atlantic city, new york city, montreal, quebec city, ottawa, the maritimes