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17 Ways To Earn A Living While Traveling

17 Ways To Earn A Living While Traveling

You look at all the celebrities which get away with travelling and you think they have the best job in the world. And it is true, to a certain extent: Anthony Bourdain gets to taste the cultures and seems to always have a great time, Andrew Zimmern does the same thing and enjoys himself, while motorcycle addict Charley Boorman is always smiling and laughing at something.

All these guys seem to have a great time travelling, but they are all celebrities and earn from making these documentaries.

How can you, the average woman/student/man who wants to see the world before getting married can survive on the road. What are the ways to earn a living while traveling?

First, you need to know there are plenty of options for you, so if you don’t like your country or your city, just listen to that old saying (“You’re not a tree, if you don’t like where you are: move “) and hit the road. Before you do it, read this article and find out the best ways to earn a living while traveling.

Teach English as a foreign language

earn a living while traveling

    Teaching your maternal language shouldn’t be too hard, so you can earn a living while traveling by letting others know your own culture, by your language. If you are not a native English, things can be a little tougher, but you can still teach English if you really want to; all you need to do is pass some exams or find a place where they will accept you as a non-native. Another way to earn a living while traveling is to teach a popular language as a second language to children. In Asia, for example, you can teach English even f you are a Romanian or a Hungarian, while in African countries you get away by teaching French.

    Teach anything

    earn a living while traveling2

      If you have a certain talent, you can teach it to others. For example, you can teach dancing or playing an instrument in a foreign country.

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      Peace Corps

      earn a living while traveling3

        Sounds like commitment and it does require two full years of voluntary work, but it gets you there and pays for your accommodation, so it is a valid way to earn a living while traveling. Moreover, you get to play the hero role and can brag about it when you return home.

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        Organic Farms Worker

        earn a living on the road

          Work at WWOOFWWOOF (World Wide Organization of Organic Farms) provide accommodation and free meals to travelers in exchange for farm work. The working hours are between 4 and 6, so you have the rest of the day for yourself and you can explore, write, blog and do whatever you want to do.

          Work and Holiday

          earn a living on the road2

            Work and HolidayOn the same basis as Work and Travel, the program offers attracting opportunities, but they are only worth a shot if you have a great resume, as the competition is really high.

            Hotel Business

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            earn a living on the road3

              Working as a seasonal hotel clerk or anything else in the tourism business can have many advantages, two of them being you get to have paid accommodation and free meals, plus you get to know a lot of other tourists, from all the world.

              Bartender/Hostess/Restaurant Officer

              earn a living on the road4

                Working in a club, restaurant or other catering business can bring you some extra cash – actually, some plenty of cash, as you work for tips. Depending on which country you are, this can be great. And like in the hotel business, you get to know a lot of other travelers while you earn a living while traveling.

                Freelancing

                earn a living on the road4

                  Working from home can let you travel at any time, provided that you make enough money to support the travel costs and you manage to keep up the good work while on the road. There are many copywriters, photographers and social media specialists who earn a living while traveling with the help of a laptop and an internet connection, so give it a try.

                  Travel Guide

                  earn a living while traveling6

                    You know some people are paid to travel and talk about it in front of others? Yeah, it’s a dream come true and it is called travel guide. The tourism companies will pay you to guide other people. In other words, you will travel free and talk about the country you are in at the moment for your payment.

                    Work on a cruise ship

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                    cruise ship

                      This is another way to be paid while you travel. Meals and accommodation are included, but so is the sea sickness, so you should first try a short cruise and see how things go, before you attempt to earn a living while traveling.

                      Get sponsored

                      earn a living while traveling

                        Remember those guys I’ve talked about in the heading? They get sponsors to sign their bills. If you are really great in your field or really lucky, you can earn a living while traveling by relying on your photography talent or on your blogging skills.

                        Be an Extra at Bollywood

                        earn a living while travelling01

                          Being an extra might not be really glam job, if you think of Oprah’s audience, for example, but what if you could act next to Aishwarya Rai? Acting in films and commercials overseas is a great way to earn a living while traveling, as many film production houses look for people who look life a foreigner. For example, in Asia, you would make some cash as the only Caucasian to show up at the auditions.

                          Housesitting

                          earn a living while travelling02

                            Houses also need someone to look for them when the “parents” are travelling, so why not earn a living while traveling by baby-sitting a house. You probably won’t be paid, but you get to enjoy the high life for a couple of days, months, even years. Usually the people who look for someone to watch their house by living inside it, or in the garden are rich and ready to set sail for long periods, so you can turn this into a real lifestyle.;

                            Sitting with anyone

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                            earn a living while travelling03

                              Apart from houses, babies and pets also need a caregiver and in developed countries you can easily find someone hiring. For a baby, you do need some skills and you may be required to have a degree in foreign languages or medicine, but a pet only needs long walks, food, water and love, so you can earn a living while traveling by walking dogs.

                              Pet Groomer

                              pet groomer travel

                                Speaking of dogs, you can also learn to cut them. If you are skilled and can cut a dog for a show, you can make good tips, but average dogs also need to be cut and groomed and many people prefer to call the groomer to their house – all you need is a steady hand and a good cutting machine. And you should be a natural with pets.

                                Massage Technician

                                earn a living while travelling04

                                  Massagers work for tips and can change their place of work easily, so you can get hired at a hotel or as a freelancer.

                                  Match Two of These

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                                    As I said in the first items, you can manage to find a job which requires you to work on part-time basis, leaving the rest of the day free. So you can also pair a couple of these job opportunities to earn a living while traveling. For example, you can work in WWOOF or house sit and keep a traveling blog.

                                    Featured photo credit: The Travel-House via flickr.com

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                                    Published on May 7, 2019

                                    How to Invest for Retirement (The Smart and Stress-Free Way)

                                    How to Invest for Retirement (The Smart and Stress-Free Way)

                                    When it comes to stocks, I bet you feel like you have no idea what you’re doing.

                                    Everyone who’s not a financial expert has been there. I’ve been there. But, time is passing and you need to be crystal clear with how you’re investing for your retirement.

                                    Otherwise, it’s back to work until you can afford not to. So, how can you invest for retirement when you’re not a financial expert?

                                    You take the time to learn the fundamentals well. If you do, you can grow your wealth and retire happy. The best part is that you don’t need to be a financial expert to make smart investment decisions.

                                    Here’s how to invest for retirement the smart and stress-free way:

                                    1. Know Clearly Why You Invest

                                    Odds are you already know why should invest for retirement.

                                    But, maybe you know the wrong reasons. It’s time you get clear on why you’d like to retire. Here are some questions to help you get started:

                                    • Will you spend more time with your family?
                                    • What does retirement mean to you?
                                    • Are you looking to launch that business you’ve been holding off for years?

                                    Everyone wants to retire but not for the same reasons. Once you’re clear for why retirement is important for you, you’ll focus on making it happen.

                                    Investing in the stock market allows you to take advantage of compound interest.[1] All this means is that your money earns money on top of its interest. A reason why investment in the stock market is one of the best ways to plan for retirement.

                                    2. Figure out When to Invest

                                    “The best time to plant a tree was 20 years ago. The second best time is now.”– Chinese Proverb

                                    It’s true if you’d had started investing when you were 10 years old, you’d have a lot more money than you do today.

                                    The reality is that most people don’t start investing until it’s too late. So, if you’re currently waiting for the perfect time to start an investment, it would be today. Open your calendar and block out 2 to 3 hours to choose how you’ll invest for retirement.

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                                    A quick way to get a snapshot of where you stand is to use Personal Capital. Input all your personal information and spend some time setting your retirement goals. Once completed, you’ll know where you stand with your retirement.

                                    Having a savings account for retirement isn’t planning for retirement. Why? Your money loses value when you factor in US inflation.[2]

                                    3. Evaluate Your Risk Tolerance to Create the Perfect Portfolio

                                    Investing your money well depends on your emotions.

                                    Why?

                                    Because when the market drops most people panic and withdraw their money. On average, the US stock market yields an annual 6% to 7% ROI (return on your investment.) But, this won’t happen if you’re worried about short-term loses.

                                    Before you invest your next dollar, know your risk tolerance.[3] Your risk tolerance determines the number of risky and safe investments you’d have.

                                    Regardless of your investing style, you need to view investing for retirement as a long term game. Know that some years you’ll lose money but recoup this in the long-term.

                                    Avoid watching market-related new. Also, create a double authentication to log in your investment account. This way you’re less likely to withdraw your money.

                                    4. Open a Reliable Retirement Account

                                    Depending on your circumstance, you may need to open a new brokerage account. This is the account is where you’ll invest your money.

                                    If you’re currently working for a company, odds are that they offer a 410K investing account. If so, here’s where you’ll invest most of your money. The only problem with this is that you’re limited to the stock options that are available.

                                    You do have the option to open a separate IRA (individual retirement account.) Here are some of the best brokers:

                                    1. Vanguard
                                    2. TD Ameritrade
                                    3. Charles Schwab

                                    5. Challenge Yourself to Invest Consistently

                                    Committing to invest for retirement is hard, but continuing to do so is harder.

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                                    Once you’ve started investment for your retirement, you run at risk from stopping. Often you’ll want to contribute less, so you’d have more money in your pocket.

                                    That’s why it’s important that you create a budget that allows you to invest each month. If you’re working for a company, you can set a percentage for the amount you’d like to contribute each month. Most people by default contribute 1% but aim to contribute 10% to 15%.

                                    Be the judge for how much you can afford to contribute after covering important expenses. To stay motivated, use Personal Capital to view your net worth.

                                    A benefit to contributing money to your retirement account is not taxed. For example, if you earn $100 and invest 10%, you’d contribute $10, then get taxed on the remaining $90. As of 2019, the most you’re able to contribute towards your 401K is 19K but this can change.

                                    6. Consider Where to Invest Your Money

                                    The most common way to invest your money is in stocks, but it’s not the only way. Here are other ways to invest:

                                    Robo Advisors

                                    Robo-advisors[4] are fancy algorithms that’ll choose the best investments for you. Sites like Wealthfront make it easy for first-time investors to invest their money. You’d input information about yourself and set your risk tolerance.

                                    Then, set your monthly contribution amount and your robo-advisor would do the rest. Robo-advisors charge a fee to manage your money, but less than regular advisors.

                                    Bonds

                                    Think of bonds as “IOUs” to whomever you buy them from.

                                    Essentially, you’re lending money and charging interest. Like stocks, not all bonds are equal. Some will be riskier than others depending on their rating.

                                    Here are the different types of bond categories:[5]

                                    1. Treasury bonds
                                    2. Government bonds
                                    3. Corporate bonds
                                    4. Foreign bonds
                                    5. Mortgage-backed bonds
                                    6. Municipal bonds

                                    Mutual Funds

                                    Picture a group of people dumping all their money in a jar that’s managed by a professional. This is how mutual funds work. The fund manager manages the money looking to earn capital gains (interest.)

                                    One of the best types of mutual funds is index funds. Since these funds don’t try to beat the market and instead follow it, they need less research. Because of this they often charge the lowest fees and yield the best long-term results.

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                                    Real Estate

                                    Yes, buying a home is an investment when done correctly.

                                    Imagine buying a home and using it as a rental property. After repairing it, you receive a monthly surplus check of $100 to $200.

                                    This may not sound like a lot, but repeat this process enough times and you’d earn a large amount of passive income. That’s why real estate is one of the best investments to not only retire but become wealthy.

                                    But, it requires a lot of money to start and you should expect losing money along the way as you learn the process.

                                    Savings Accounts

                                    Your money can still grow in a savings account. Nowadays most online banks offer a 2% annual return. Although the average inflation is higher your money will be available when you need it.

                                    7. Master Disincline to Dodge Short Success

                                    Investing for retirement is a long-term strategy. That’s why you need to master delayed gratification. All this means is delaying short-term pleasure for something bigger in the future. Research shows that those who have delayed gratification are more successful.[6]

                                    So how can you master delayed gratification?

                                    By building your discipline.

                                    Think back to what retirement means to you. A clear purpose will help you avoid withdrawing your money during a market downturn. It’ll help you contribute more towards retirement when you’d want to waste it instead.

                                    Your journey towards retirement will be long, so reward yourself along the way. Choose a reward that’s relevant and meaningful, so that you reinforce positive behavior. For example, after contributing more towards retirement, treat yourself to dinner.

                                    8. Aggressively Invest on This One Investment

                                    I’ve mentioned several types of investments but haven’t covered the most important one.

                                    It sounds cliche but here’s why you’re your best investment towards retirement. The more you know, the more money you’ll be able to make. The more good habits you adopt, the more secure your retirement will be.

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                                    More importantly, investing in yourself is an investment that no one can take away. There’s no market downturn nor tragic circumstance that’ll wipe your knowledge and experience.

                                    But, how can you invest yourself?

                                    Reading books, blogs, and anything that’ll help you learn new topics daily. Listen to podcasts and audiobooks on your commute to/from work.

                                    Save money to buy courses and hire coaches. I used to believe hiring coaches was a waste of money when I could learn the subject alone.

                                    But, coaches see your blind spots and hold you accountable. Hiring the right coach will help you achieve your goals faster than you would’ve alone.

                                    Retire Happy with Excess Money

                                    The key to a secure financial future doesn’t only belong to financial experts.

                                    It’s possible for you and I. What if you were able to retire earlier than most people and weren’t a financial planner? What if you were able to focus on what you enjoy doing the most while your money was working hard for you?

                                    I know this sounds impossible now, but the truth is you’re capable of taking charge of your retirement. I’m not a financial expert but I’ve learned how to invest my money by reading books and learning from others.

                                    Investing your money is scary. So start small and invest a small amount of your money with a robo-advisor. Feel your money drop and rise for a month or two. Then, invest more and keep this up until you’re aggressively saving for retirement.

                                    One day, you’ll wake up with a net worth you’re proud of – confident about your retirement. You now know a few strategies you can use to invest in your retirement. Will you take action to retire happy?

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                                    Featured photo credit: Matthew Bennett via unsplash.com

                                    Reference

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