10 Ways to Afford to Travel the World
“How are you guys able to afford to travel???”
This was one of the first questions our friends asked us before we headed off to our first overseas adventure spot – Nicaragua.
We get it.
The mindset we had before we traveled is that we needed to be BALLERS to afford to see the world.
If you think of traveling the world like going on an expensive vacation with your family, it’s going to mess with your head a little bit.
The truth is that it’s not like that at all.
Traveling is actually very affordable when you have the right mindset.
Especially when you build an online system that makes you money every day! Let’s discuss the 10 ways to afford to travel the world!
Travel to a place that is CHEAP first.
Perhaps one of the easiest ways to afford to travel is to travel to a CHEAP country!
While there are lots of expensive places you can travel, the first journey you should take should be to places where you can truly shine as a baller on a budget.
Most of South America and lots of Asian countries are inexpensive, and our first trip to Nicaragua has been no different. Countries like:
…are both affordable and spectacularly beautiful.
[instagram url=https://www.instagram.com/p/BJaazniDfQq/ width=400]
If you’re an American or from Europe, you will find these places very cheap.
Most of the drinks in Nicaragua right now cost around $1.50 USD a beer (something I have not seen since college). Just to put that into comparison, it used to cost me $6-$8 a beer depending on the bar in Dallas, TX.
Because your money goes further in these places, you don’t need to make $10k per month online to travel (although, we can show you how to do that too).
Sell your things and start planning.
This is going to be a bit uncomfortable when you start out as I know it was for us. When we decided we were going to travel, we realized that a lot of things didn’t have a place in our lives anymore:
- Clothes beyond the necessities
- Most beauty products
- Tons more you wouldn’t think of…
These were all things we had to get rid of before traveling the world. We found this part surprisingly difficult, as it’s hard not to feel some sort of attachment to your things.
It’s like that quote from Fight Club:
There was even a time we discussed putting some of our items in storage. That idea got shot down upon the realization that we would spend $80 a month storing our items which is an extra expense of $960 a year.
Not a good plan.
One by one, we started Craigslisting items away, sold our cars (RIP Moby), and made some good cash from it.
This was a smart move because it improved our cash flow and at the time we REALLY needed it.
Then something interesting happened…
Become a true spending minimalist.
After we sold our things and moved into my dad’s place, we noticed a decline in our spending as well. When you’re not paying for:
- Car payments
- Car Insurance
- Car Maintenance
- Expensive dinners
And all the random things that happen when trying to live the young professional lifestyle, your money goes much further than you ever thought possible.
Lauren and I even went as far as eating only eggs, rice, and potatoes for awhile to save money. Seriously… That’s all we ate for weeks at a time.
Being people who love health and fitness – this sucked. We would love to buy organic chicken and healthy food, but at the time to save money, we had to do it. (P.S. We can now afford to buy all organic food, and we LOVE it! :P)
We became true spending minimalists and only spent money on things that would benefit our business or that were vital to our happiness (aka red wine).
Start a blog.
So yeahhhhhh, real talk.
We didn’t even think about being able to afford to travel before starting our blog (aside from the fact that we didn’t have the vacation time while working full-time jobs).
Traveling the world and living like a homeless person is not really our version of “the good life.”
The truth is -> experiences cost money.
Yeah, you can go to nice beaches for free, but going volcano boarding in Nicaragua will cost a little money.
You don’t need to be a baller to live a great life, but you should try to make enough money to actually enjoy yourself and experience MORE.
We personally make well over 10k per month from our blog now. *Update: 06/2017* We now make well over 50,000k per month blogging.
The second tier of “making money online” is freelancing. We like it because:
- It can be done from remote locations with a laptopwifi….
- You can control your hours.
- You have some control over the clients you choose.
This being said, it’s not nearly as good as starting your own successful blog because:
- You are still trading hours for dollars.
- If a big client leaves, you’re kind of screwed.
For many of you with no experience, it will be a good place to start.
Find a remote job everywhere you go.
The third tier of making money online and traveling is finding a remote job. We like this because:
- It could be a really fun experience, depending on the work you are doing.
- It provides a great way to meet new people fast.
We don’t like this because:
- Sometimes the jobs are going to be shitty.
- There is less time to explore the country.
- You get paid the local wage.
A big thing we love right now is a concept called “earning dollars and spending pesos.”
Our dollar goes much further here in Nicaragua, because we get paid online. However, if you’re making money at the local bar, you really won’t have that much to spend.
There are lots of examples of people getting paid to teach English in other countries as well as finding stable jobs. This is great if you want to spend a lot of time in one location.
For us, we really want to continue hopping around and see the world, but for many of you, this will be a good option.
Start paying for things with a travel credit card, LIKE NOW.
It seems obvious enough, but collecting miles on the things you are already buying is important. I personally have two travel credit cards:
- #1. Travel Rewards Card from Bank of America: Note that we do not get any incentive or bonuses for recommending the 2 travel credit cards below. They are simply the two that we have and like! Bank of America Travel Card
- #2. Capital One Venture One Card: Capital One Travel Card Capital One has the best travel rewards of the two, and that is our main business card.
Both of these will give you a big signing bonus in miles upfront if you hit a certain spending limit, which can be a free one-way plane ticket right off the bat!
Find a business buddy.
I know for a fact that the reason Lauren and I were able to quit our jobs, make 10k per month online, move out of the country, and do it all in less than a year was because we had each other.
I, for years, had been working in online business, but it was only when I decided to team up with Lauren that things really started to click.
You need someone for the highs, and you need someone for the lows. And most importantly, you need someone who is going to help you keep moving forward to your goals.
The hardest part about starting a business and traveling the world is the lonely nights you will spend in front of a keyboard when everyone is out partying.
Things will move much faster in your business if you can find the right partner who has similar goals as you.
Two people can accomplish things 4x faster than one.
Find a travel tribe.
As Lauren and I started to look around for groups of people we could travel with, most of them didn’t work for us. They were either too large, didn’t have online jobs, or just never seemed like a good fit.
After joining the Wifi Tribe for a few weeks in Nicaragua, we met some really awesome people. While we decided to part ways with the Wifi Tribe for the time being, we had a blast and learned SO much about ourselves and our businesses.
We highly recommend giving an experience like this a go.
It will be for you if you like to travel cheaply, safely, and don’t work 12 hours/day. It likely WON’T be for you if you work a ton of hours (like we do) as a full-time blogger trying to grow your blog as quickly as possible.
We had a BLAST, but there were too many distractions for us for the time-being. That being said, it is still a very fun way to travel if you’re young and looking for adventures and to connect with others.
Traveling on your own may seem nice, but most people complain about the loneliness. Find the right tribe for you so you can build experiences AND relationships!
Invest in your blogging future.
I have personally spent over $15,000 (YIKES) over the last few years on my education in internet marketing and how to make money online. While I don’t recommend going crazy with it, I can say that I don’t regret a dime of that investment.
I recouped that and SO MUCH MORE in just one month of blogging this year, and it was SO WORTH IT! That being said, find a blog or authority figure whose words really speak to you and consider investing in one of their courses.
You have to spend money to make money.
Just make sure you do a lot of research beforehand to make sure that course is the right fit for you.
We have a course on how to Build and Launch Your Blog that will help you to get started! You can take a look, but shop around before you invest your money in anything.
In the meantime, you can also check out our FREE eCourse on How to Start a Profitable Blog. It’s a great resource to get started launching your blog successfully will outline everything from selecting a niche and blog name, to driving traffic, to monetizing your blog.
One final resource to check out is our post on How to Start a Successful Blog that will walk you through the steps to starting a blog in less than an hour!
Create something awesome today!
Alex & Lauren
Co-Founders, Create and Go
If you enjoyed this article on the 10 Ways to Afford to Travel or have any questions for us, please leave them in the comments section below!