Some people love traveling so much that they never want to come home. Instead, they want to stay out there for as long as possible and ideally all year round. This is understandable, particularly if you like your travel life far more than your home life. You might just be like me and get bored staying in one place.
But is traveling full-time a real possibility? Or, more specifically, is it financially possible? Well, believe it or not, there are people who spend their entire life traveling. It will take a lot of work and effort to bring this particular lifestyle to life. In this post, I’m going to explore a few of the best ways you can financially travel full-time and some steps that you must take.
Use Your Home To Bring In A Monthly Income
It’s possible that you already have a home in your name. If that’s the case, then you should make sure that you are using it to your advantage. So, how can you do this? Well, you could consider leasing your property out while you are away. Be aware that if you do this you will be taking on the role of a landlord and all the responsibilities that come with it. That’s something that you must keep in mind before taking this step. It will be up to you to make sure that your house provides the right health and safety standards that tenants are entitled to.
You’ll also have to deal with the fact that there will be strangers living in your home. Now, if you’re not that attached or invested in your home, this won’t be a major concern. But you have to plan for potential damages and other issues. The deposit they provide should cover any issues here as long as you make sure that you vet them carefully.
As you might have guessed, there are a lot of different jobs and tasks that are required of you when you choose to rent out your property. If you’re not planning on checking in much through the year, then you’re not going to be around to complete these jobs. That’s why you need to make sure that you hire a property manager. With a property manager, you will be able to make sure that you can get the support that you need while you are away traveling the world. They can handle everything from taking rent to fixing issues and ensure that your property is never empty. This needs to fit into your budget and it’s worth getting quotes from a few different managers before settling on the right one.
As well as making money, the big benefit of renting out your home is that you will be able to ensure that it isn’t empty. An empty home is always more at risk of a break-in.
Look For Investment Opportunities
If you invest in property, then it can be quite a hands-on experience that you might not be fully prepared for. Alternatively, it’s possible that you don’t have the budget to purchase your property. If you are renting you could still potentially sublet, but this won’t be as financially beneficial and you will need permission from the landlord. If you don’t think you’ll get this permission then you should consider other investment options instead.
You might think investing your money is going to take a lot of your time or that you’ll need a massive amount of money to get started. However, this isn’t quite true. Services like Plenti provide you with the option of investing with a starting point that’s as little as ten dollars. As you might have guessed, this means that anyone can dig into investment possibilities.
It’s also easy to manage your investments these days too, even if you are far away. There are apps that will allow you to check on everything from your investments in stock to your investments in private opportunities and much more. You can track how much your spending, the level of risk, and your current earnings to ensure that you can effectively fund your travel experience. Most of the people who manage to travel constantly using passive investments to fund the possibility and make it happen.
As mentioned, there is a certain level of risk with this idea. But, it’s just a matter of managing this risk effectively and making sure that it doesn’t grow completely out of control. If you’re not sure where, to begin with, investments, then penny stocks could be your first. Penny stocks provide you with a way to invest a small amount of money with a massive potential return on the horizon. Now, if you’re interested in finding penny stocks and the right opportunities, you could think about using a broker. These individuals are more budget-friendly than you might expect. Of course, if you’re not interested in taking on this level of risk, then there are other options worth your consideration.
Build Your Profile And Become A Blogger
Another option when planning to travel without returning home would be to focus on building your personal profile. The aim here would be to ensure that people are invested in your journey. If that’s the case, then they’ll want to avidly follow your progress, see where you’re planning to travel to next and this could potentially fund your journey. How does that work?
Well, first it’s important to get active on social media. You need to make sure that you have as many social profiles as possible but they should form a cohesive and connected brand. It’s also key that you show some skin. We don’t mean that literally. Instead, you need to show people who you are and what you’re about. It’s essential that they can connect with who you are and what you’re about. When you start to build up an audience, you will gain options and requests from companies as well as brands who want to work with you. You need to approach these requests the right way. For instance, you shouldn’t say yes to every request that you receive. You’ll need to vet them carefully and ensure that they are at the right level of quality in terms of what you want to be connected to your business. You should also ensure that the deal that they provide is mutually beneficial. There will be a lot of times where this isn’t the case and a company is just looking to help themselves while using you as a tool.
As well as building up the right connections, you’ll also need to ensure that you create the right content for your brand. High-quality content will guarantee that you always have readers coming back for more. You also need to diversify your content as much as possible to keep it interesting and appealing. Finally, you do need to make sure that you are learning some basic skills in things like SEO. SEO will guarantee that your brand is found and discovered online which is of vital importance. If you don’t do this, then your blog or social media profiles are never going to be powerful enough to make you actual money. This has to be the end goal if you are hoping to fund a near-constant travel lifestyle. Of course, that’s not the only way to make money while traveling. Let’s explore a few other options.
Job To Job
You could also think about funding your travel experience by going from job to job. If you do this, then you are going to have to deal with the fact that it won’t be all fun and games when traveling. However, some people are fine with this and traveling while doing nothing productive can quickly get incredibly boring.
The types of jobs that you can take on will depend on your level of skill and where your interests lie. For instance, if you are quite active then you can think about options like a ski instructor or teaching people to scuba dive. If you’re more academically inclined, then it could be worth thinking about whether you can spend your time teaching people how to speak English or how to write. Be aware that there is quite a lot of red tape that you’ll need to break through if you’re planning on constantly traveling and staying in different places for extended periods.
However, this is just a case of planning and taking the right steps. For instance, you need to explore the different visa requirements for any place that you are planning to visit. Some are more lenient than others.
I hope this helps you understand how to make sure that you can travel as long as you like without ever needing to go home. If you take the right steps here then you really can live the dream and we think that you might just love every moment of it. You will be taking some risks here, but ultimately, they could pay off in the long term. Particularly, if you get the travel lifestyle that you always imagined but never thought was truly possible.