This 33-year-old left the U.S. for Bali and lives a ‘life of luxury’ on ,233 a month—how he spends his money


Olumide Gbenro has by no means known as one place “house” for lengthy. 

The 33-year-old entrepreneur grew up in Nigeria till he turned six, when his minister mother and father determined to maneuver to London. Then, seven years later, the Gbenros had been granted visas to immigrate to the United States by the nation’s inexperienced card lottery — so Olumide, his mother and father and two siblings relocated to Columbus, Ohio. 

“Being a particular person of colour, I felt that there have been sure instances in my life the place I simply did not really feel valued as a human being,” Gbenro tells CNBC Make It of rising up Black in the Midwest. “I all the time felt left out.” 

Gbenro wished a artistic life: one which was crammed with journey, artwork and alternatives to fulfill folks from all corners of the world. But his mother and father wished him to turn into a physician, lawyer or engineer.

In 2016, he completed his double grasp’s diploma in epidemiology and behavioral science at San Diego State University. He discovered himself caught between two paths: go to medical faculty and turn into a physician or journey the world. 

“All of my life, I simply adopted the guidelines, whether or not it was from my mother and father, faith or society,” he says. “But deep down I knew that if I took the place in the PhD program, I might by no means return, I might by no means journey overseas … I’d be caught to a lab, so I made a decision to say ‘no.'” 

Gbenro packed up all of his belongings and left the United States to see the world – however it will take him years to land in Bali, his ceaselessly house. 

Becoming a digital nomad 

Gbenro’s first cease was Berlin, the place he had associates from graduate faculty. He spent three months there on a vacationer visa bouncing between associates’ couches and hostels. 

When Gbenro left the United States, he had “nearly zero financial savings and no plan.” He rapidly grew his Instagram following posting journey ideas, dance movies and different content material. Gbenro determined to monetize his pastime: He would message different creators and companies on Instagram and supplied to assist them enhance their social media technique for a charge (typically $250).

Starting a distant enterprise was “actually powerful in the starting,” Gbenro recollects, however quickly he had a full roster of purchasers and sufficient earnings to make social media his full-time job. He took an internet course in social media advertising and marketing that helped him construction his enterprise, and an outdated buddy in San Diego referred him to his first two purchasers.

Once his visa expired, he traveled to Mexico for 4 months, then went again to San Diego. “But I spotted I wasn’t completely happy dwelling in America nonetheless,” he says. “There was one thing about dwelling in America that made me really feel like I wasn’t rising.”

He continues: “As a Black man, there was a psychological trauma and strain I felt dwelling there, particularly as an immigrant too, feeling like I did not slot in.”

Gbenro formally launched his social media advertising and marketing enterprise, Olumide Gbenro PR & Brand Monetization, in 2018 whereas he was nonetheless in San Diego, collaborating with celeb cooks, actual property brokers, enterprise coaches and extra. Though he was thriving at work, Gbenro nonetheless craved a change. 

One afternoon he was scrolling by Instagram and stopped on a picture of one of his associates who was touring in Bali. She was stress-free on a seashore, surrounded by lush palm bushes, with a coconut in her hand. 

‘It seemed like the excellent place to reside,” Gbenro says. “The distinction between Bali and each different metropolis I researched is that it appeared very peaceable – all the locals, in pictures on-line, seemed genuinely completely happy and like they spend a lot of time in nature.”

In 2019, he discovered an condo in Bali by an acquaintance on Instagram, booked a one-way aircraft ticket and by no means seemed again. 

‘I’m dwelling a life of luxurious’ 

Since transferring to Bali, Gbenro has been capable of spend extra on journey, eating and different hobbies in addition to enhance his financial savings. “I’m by no means anxious about money anymore as a result of Bali has a a lot decrease value of dwelling than the U.S.,” he says. 

For his first 9 months in Bali, Gbenro used a vacationer visa. Indonesia affords vacationers a single entry visa that’s legitimate for 60 days and permits for 4 30-day extensions, including as much as a six month keep. Gbenro would fly to Singapore or Malaysia for transient journeys as soon as his visa expired, then renew it upon his return.

Soon after he switched to an investor visa, which requires proof that you’re contributing to the native financial system. Gbenro expanded his advertising and marketing enterprise to assist folks promote their properties in Indonesia to qualify for the visa, which he renews with the native authorities each two years.

As an entrepreneur, Gbenro earns about $140,000 per 12 months. In addition to his consulting enterprise, Gbenro hosts several conferences for digital nomads, together with the Digital Nomads Summit, which attracts 1000’s of folks and will likely be hosted in Bali this September. 

His greatest bills are his hire and utilities, which collectively are about $1,010 every month. Gbenro lives in a one-bedroom condo in a constructing with a non-public health club, pool and restaurant downstairs. 

He spends about $600 every month on takeout and consuming out, typically ordering meals from native eating places on a in style app known as Gojek. Gbenro’s different bigger bills embrace medical insurance, transportation (he rents a motorcycle) and journey. 

Gbenro likes to journey not less than as soon as every month and typically ventures to Uluwatu, a small area on Bali’s southwestern tip well-known for its browsing.

“I’m most likely spending about the identical quantity of money I’d every month if I used to be dwelling in San Diego, however my high quality of dwelling is far increased,” he says. “I’m dwelling a life of luxurious.” 

Here’s a month-to-month breakdown of Gbenro’s spending (as of January 2022):

Olumide Gbenro’s common month-to-month spending

Gene Woo Kim | CNBC Make It

Rent and utilities: $1,010

Food: $600

Transportation: $98

Phone: $28

Health insurance coverage: $137

Travel: $300

Laundry: $60

Total: $2,233

Falling in love with Bali 

Gbenro says the most difficult half of constructing his new life in Bali was battling loneliness. “I used to be going to the seashore day by day, ingesting coconuts and seeing lovely sunsets, however I lived on my own and did not have associates right here,” he explains. 

Once he began visiting co-working areas in Bali and attending in-person networking occasions, Gbenro says it turned a lot simpler to construct shut friendships with different expats and locals. He is aware of conversational Indonesian, however says a lot of folks dwelling in Bali additionally converse English. 

“I’ve actually been liked and welcomed by the Balinese,” he says. “Everyone’s all the time smiling – there’s a actually real, heart-centered tone right here that you would be able to’t get wherever else.”

Olumide and a buddy out to lunch in Bali

Ruda Putra for CNBC Make It



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