Many of us only dream about ditching our nine-to-five job to travel the world, but in reality there are many ways to fund a travel lifestyle.
This doesn’t have to involve winning the lottery or blowing all your hard-earned savings on extravagant adventures abroad. On the contrary, there are several realistic ways to incorporate more travel into your lives, while actually making money in the process – and it’s more accessible than you might think.
If you’re keen to tick more countries off your list while earning a living, here are five ways to fund a travel lifestyle.
1. Work remotely
In today’s digitally connected world, the traditional nine-to-five working culture is becoming less prevalent around the globe. Advancements in technology, such as video conferencing, group messaging, and project management tools, mean there is no longer an essential need to be physically present at work.
This not only opens the door to more flexibility in our daily working lives, but also the opportunity to travel and work abroad.
Granted, not everyone is able to work remotely. This lifestyle, of course, depends on the nature of your job and the industry you work in. However, over the past decade, a rising number of young professionals have leveraged the use of technology to work remotely. Many employers are now recognizing the positive impact working remotely has on productivity, employee engagement, and financial overheads.
In fact, a 2019 study conducted by video conferencing hardware company Owl Labs revealed that 16% of global companies are now fully remote; a staggering 52% of employees around the world now work from home at least one day a week.
If you are lucky enough to work for a fully remote company, then you have the freedom to work anywhere in the world. The only thing you’ll need is a good Internet connection, that is. Those who are keen to know more can check out Forbes’ list of the top 23 companies that consistently offer remote job opportunities across several industries worldwide.
2. Become a digital nomad
Another way to fund a travel lifestyle is to take the concept of remote working one step further by setting up your own business. Today’s remote workers call themselves digital nomads. This is a hugely popular trend and provides the ideal solution for those seeking financial independence, the freedom to work anywhere, and potentially a lower cost of living than at home. In fact, a study by MBO Partners in 2018 showed that as many as 4.8 million Americans described themselves as digital nomads; another 17 million more aspire to become one.
Jobs such as blogging, web design, photography, and vlogging enable people to earn money and acquire clients while traveling around the world. While fields such as, say, travel blogging are very competitive, those businesses which do succeed are often the ones that generate income through a combination of advertising revenue, purchases, and subscriptions. A robust business plan is therefore key to sustaining a long-term travel lifestyle.
This nomadic way of working suits self-starting entrepreneurs with wanderlust and the courage to overcome the associated risks. After all, their income might not always be consistent. That said, digital nomads work their own hours on their own terms; for many, this is the definition of living the dream.