How to fund your travelling lifestyle – let’s take a look.
There’s no doubt that the coronavirus pandemic has wrought havoc on the international travel market, and even now it’s hard for airlines to sustain themselves and operate on a global scale.
In the UK, for example, Health Secretary Matt Hancock has recently stated that ‘tough’ travel restrictions may have to remain in place for the foreseeable future, especially if UK freedoms are to be protected after June 21st.
With this in mind, travellers should probably use this time to plan their next trip, particularly in terms of how they intend to fund it. Here are some ideas to keep in mind.
How to fund your travelling lifestyle – Identify Viable Opportunities to Work
For those of you who intend to reside in destinations for a while and require a steady stream of reliable income, your best bet will be to find work in the countries that you intend to visit.
Of course, there are linguistic barriers to gaining full or even part-time work in overseas countries, but there are some exceptions that may provide some viable opportunities.
For example, those of you travelling through Southeast Asia may be able to teach English or similar skills to local children, with this service often in high demand globally.
While you may need some qualification to undertake this or similar work abroad, it represents a viable earning opportunity when travelling or residing overseas.
How to fund your travelling lifestyle – Consider Lucrative Side Hustles
Of course, one of the challenges associated with full or part-time work is that it can impede your travel itinerary, while affording you less flexibility in terms of how and when you travel.
To negate this issue, you could consider taking up a lucrative side hustle, and one that can be undertaken on a flexible basis and (in some instances) deliver a passive stream of income over time.
One of the most suitable from a traveller’s perspective is forex trading, as this will enable you to trade international currencies as derivatives and potentially profit even in a depressed or fluctuating market.
Similarly, you can use a forex broker to trade remotely from anywhere in the world, while utilising automated tools and risk-management measures to optimise profits and minimise losses.
How to fund your travelling lifestyle – Consider ‘Half and Half’ Work
We close with a hybrid approach, which basically requires you to work for approximately half of the year and save up funds before travelling freely for the remainder of the year.
This is ideal for freelancers who have an established skill and client base, as they engage in well-paid three or six month contracts to accrue income before leaving the remainder of their time free for travelling.
Of course, this method relies on your ability to successfully save your earned income during periods of work, while it also requires considerable levels of discipline and focus on accomplishing your underlying goal.
How to fund your travelling lifestyle is a feature post – you might also like my post on traveling in 2021 – fun ideas
You might also like this post on social media posts for travel bloggers