Source: mesq at flickr
Part of the process of preparing to spend 6 months a year travelling, I need to establish some type of residual income that won’t take too many hours to manage while I’m away.
Can it be done? Can an idea strike you for a new business at 6pm, and by the end of the night you have something up and running?
We’ll see. I’m confident it can. Once it’s up and running, the job of marketing begins. Things can be tweaked and improved with the site once some sales come in and the business concept is proven.
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Source: Vlastula at flickr
“Life takes on meaning when you become motivated, set goals and charge after them in an unstoppable manner.” – Les Brown
“Many people fail in life, not for lack of ability or brains or even courage but simply because they have never organized their energies around a goal.” – Elbert Hubbard
“Nothing worth having comes without sacrifice.” – Unknown
One of the reasons most people are content to work 40 hours a week with 2 weeks of vacations a year is that it’s easy. As long as you make a respectible income and can afford to pay the house and the car, you can just keep doing that week after week, month after month, for 40 years. And at some point down the road, you can safely retire on your $1,000 a month pension as long as you don’t expect to live too extravigantly.
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Source: Kenzoka at flickr
After going to the same place on vacation two or three times in a row, it’s unavoidable to start thinking about buying your own place in such an idyllic place. Especially if you can see yourself visiting several times a year, or for an extended period of time, there are many benefits to buying versus renting or staying in a hotel:
- Cheaper annual ownership cost compared to renting the same unit (some units rent for thousands of dollars per week, when they only cost hundreds of dollars per month to own)
- Ability to profit from the unit, or at least offset your maintenance costs, by renting it out when you’re not using it (especially in popular tourist areas)
- Ability to profit from the unit when the property values of the area go up
- Increased level of comfort in having your own place compared to “borrowing” someone else’s (pillows, towels, linens, bathrooms, showers, kitchens, utensils, and other personal items)
- Ability to customize the unit to your tastes
- Ability to make friends among a consistent set of neighbors/local restaurants
- A place to eventually retire to
Those are just some of the potential benefits to property ownership in a vacation destination. These are usually the only things mentioned in the property developer’s brochure as well.
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Source: nattu at flickr
The following is a rough list of the jobs that allow you to get paid to travel, or write it off as a business expense:
1. Airline pilot or flight attendant
The downside to this is you generally are visiting the same places over and over again. The upside is you get to fly cheaply as an airline employee for personal vacations.
2. Travel Writer
There are travel magazines and web sites who need to publish fresh content every month. Certainly getting a job at “Luxury Hotels Magazine” would be a very very cool job to have. (Is there such a magazine?)
3. English Teacher
May not be the most glamorous job in the world, but if you’ve always wanted to try living a couple of years in Asia, there are places looking for English teachers. Korea is a favorite destination for this.
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Source: bradipo at flickr
An interesting post yesterday at the Escape 101 blog has me thinking, how much would it cost to travel for one year?
I’ve been doing my own planning for my time off this year. I set aside what I thought was a reasonable amount of money for 2 months overseas – $20,000. And now I read that that is what one couple spent for 1 YEAR away from home.
Now $20,000 is not much of a travel budget for 1 year. And truth be told, the couple that did that lived in rural Australia for 6 months and so are not really jet setting around the world, but finding cheap places to live for extended periods.
But I could do that.
I could live in a relatively cheap part of Spain for a couple of months. I could live in Thailand. I could live in almost any country in South or Central America. All relatively inexpensive places. Warm, and no 9-5 “work” required just to exist from week to week.
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