How to Afford Traveling the World?
Have you ever looked at somebody who travels constantly and wondered how in the heck he or she is making it happen? While some people might be blessed with seemingly infinite resources or wealthy families, others may need to approach things a little more carefully.
What’s important is that you don’t get discouraged. If you have a passion for traveling or a deep desire to explore the world and are willing to put in the work, you can make a lot happen.
Take Your Savings Seriously
The more initial capital you have, the better off you will be when you start your journey so start getting serious about growing your savings.
This is especially true if you don’t plan on seeking out work while you travel and this will no doubt require plenty of self-discipline. Shopping malls, impulse purchases, that quick coffee grab on the way to work — these are all danger zones that you want to avoid when you are saving your money. Even socializing with friends can send you down a spending spree so keep it simple. Try hosting simple parties instead of heading out to bars or restaurants, start meal planning, and always be evaluating your spending habits and searching for ways to spend less. Also, don’t forget to pick up those extra shifts at work. If you receive a tax return, that can be a significant boost to your savings, especially with the recent tax law changes that are in effect.
Strategically Choose Your Travel Destinations
If you are traveling because of your love for travel, then you can probably get pretty far. Firstly, keep your accommodation cost as low as possible. Take advantage of camping opportunities and things such as AirBnB. Plenty of people have also lived rent-free by housesitting or something similar. Also, rental rates typically go down the longer you stay in a place. The more you hike and explore nature, the lower your costs are probably going to be. Seek out low-cost activities and, most importantly, travel to countries where your money will go far. Places such as Thailand, Taiwan, Colombia, and Morocco are all likely to get you a lot for your money and these are just a few examples.
Work While You Travel
You are only going to get so far with a stockpile of cash and in today’s digital world, there are all sorts of opportunities for work. Odd jobs, remote work, freelancing, and other things are all possible if you have a computer. If you think that you can teach people how to speak English, many non-English speaking countries offer teaching opportunities as well, oftentimes not even asking for experience.
There are countless ways to make money, especially if you are creative. Start a blog, write an e-book (seriously), and always be on the lookout for new and interesting opportunities in each country you travel to. Remember that you should always compare travel insurance before you go abroad. Life is not bed of roses and bad things happen everywhere.
Sell Your Possessions
If you are super serious about travelling, then take a look around you. You can save a lot by downsizing your living space and selling your possessions. Besides, it’s just stuff, right? And if you plan on traveling for months, you aren’t going to be needing it anyway. Plus, you aren’t going to want to pay your car insurance or your property taxes while you are on the other side of the world so don’t be afraid to let these go for a while.