After almost 20 months of my new life as a full-time travel writer, I’ve realized how fortunate I am to be able to live my dreams. When I speak to my friends, I sense that I often take for granted this privilege of having the freedom to travel whenever I like. If you don’t get paid to travel, seeing the world is an expensive affair. For many people, that’s fine. If you’re only going to take a two-week trip every summer, then the expense is worth it. But if you love going to new places and want to travel more often, then the cost can quickly become a financial burden. If you need some ideas to fund your globetrotting, then the suggestions in this article could help you earn a little more money.
Make Some Investments
One smart way to fund your globetrotting is to start making some investments. Your full-time job might help to cover your bills but not always the excess expenses such as flights and accommodation in foreign destinations. That’s why you should aim to increase your wealth outside of your job. Increase your earning potential by putting your disposable income to use. Don’t just let your income gather dust in a checking or savings account. It’s time to start investing. You might want to look into the stock market if you’re keen to make money through trading. Just make sure you do your research to understand how the industry works. You could also invest in real estate. Buying properties to sell or lease can provide a huge ROI, so it’s a great way to raise the funds necessary to go globetrotting. In fact, even if you’re not keen on the idea of becoming an investor, that idea leads on to the next one.
Rent Out Your Property
Many people fund their travels by house-swapping. You find a likeminded individual in another country and agree to swap houses for a fixed amount of time so that you can save money on accommodation. That’s one way to make it a little cheaper to explore the world. But you could raise even more money for your next trip by taking more of a business-minded approach. If you want to start globetrotting for weeks or months at a time, then you could fund those extended trips by renting out your property whilst you’re away from home. Using services such as Airbnb could really help you to bring in a big profit. You might want to look into Airbnb management services such as GuestReady to help you arrange the entire thing. It’s important to approach property management like a small business. If you do, then you could really grow your wealth.
So many digital nomads fund their travels by earning money online. The internet has opened up new possibilities for people who love to explore the world. The ability to work remotely gives you the opportunity to earn a living in any destination with a WiFi connection. You could find freelance work online, for instance. Whatever your skill set, there’s usually a way to sell your services to clients online. If you’re a wordsmith then you could write marketing copy, if you’re artistic then you could design graphics for businesses, and so on. You don’t have to quit your current job. You could use sites such as Fiverr in your spare time or whilst you’re on the move. Sellers on that site earn their dough from things as simple as playing video games with people. There are plenty of ways to earn online and fund your globetrotting.
Do you desire to travel more often?
Are you a digital nomad with more tips for my readers?
Let me know through your comments below. 🙂