While the Omicron variant may be threatening the accessibility of international travel once again, for now it appears as though most countries are keeping their borders open (while also imposing some restrictions regarding vaccination status and quarantine rules.
This is great news for travel enthusiasts, particularly those who like to spend a large amount of their time travelling and exploring the far-flung corners of the world.
But how can you successfully plan to travel the world for at least half of the year? This is no mean logistical feat, so here are some tips to help you on your way.
Saving and Preparing for Six Months
One of the most common ways of achieving this objective is to save and plan for the other six months of the year, as you look to optimise your earning potential while simultaneously budgeting and reducing your cost of living.
Ideally, you’ll work a regular and stable job for your primary source of income during these six months, although contracting may be your best method of working as it’s hard to hold down a permanent role if you intend to leave for the purpose of travelling after six months.
During this period of work, you’ll also have to reduce your cost of living and embrace a frugal lifestyle, initially by eliminating big ticket purchases and saving as much as your disposable income as possible.
While you can also strive to minimise your everyday expenses such as utilities and grocery shopping, this will only drive incremental savings over a six month period.
Budgeting and Working While You’re Away
On a similar note, budgeting is crucial if you’re to spend any concerted period of time travelling across the globe.
You’ll definitely need to deal in pence rather than pounds when budgeting, as you look to create clearly defined incomings and outgoings and optimise the precise amount of disposable income that you have every week or month.
Another interesting idea is to work while you’re away, as this enables you to create a continual source of income over time. However, it’s important to ensure that this doesn’t compromise your travel itinerary too much, as this will negate the point of travelling in the first place.
Certainly, remote working and contracting may be your best port of call, while the type of passive income streams generated by forex trading can accumulate considerably within a relatively short period of time.
Starting a Side Hustle
Interestingly, those of you who are entrepreneurial could also consider launching a side hustle to provide income for your travels.
Through organisation and delegation, your business can generate significant income all-year-round, while enabling you to take time away and pursue your passion for travelling and visiting different locations across the globe.
If you own and operate a seasonal business, this may be able to generate enough business during the summer or winter months, creating a scenario where you can travel freely for the remainder of the year and enjoy genuine peace of mind.