10 Reasons Why Quitting Your Job to Travel Could Be the Best Financial Decision You Make
Many people may tell you that quitting your job to travel the world is unrealistic, financially reckless, or even both, but what if you could successfully trade your nine-to-five routine for a life of adventure, exploring new places, meeting people from all cultures and learning things you’d never know about from behind your desk?
Quitting your job to travel may sound like a hasty, ill-advised move, but it can be a surprisingly smart financial play when done with care, proper thought, and planning. Below are some ways that taking that leap to explore the world could put you on a much better financial page than you ever thought possible.
Opportunities for Remote Work
The doors that didn’t exist for previous generations are now open because of remote work. The truth is that many people fund their travels by working from anywhere: freelance writing, graphic design, online consulting, etc. The first jobs may pay less than a corporate salary, but the cost of living is much lower in many countries than at home. In Thailand or Mexico, you can live comfortably and earn in dollars or euros. It’s a win-win.
You Become Resourceful
When things don’t go as planned you have to quickly adapt. It could be that you missed your bus, or your Airbnb host cancels last minute; you learn to be resourceful and find solutions. Not only can you apply this thinking on your feet in travel, you can use it to manage your finances. You become more skilled at solving problems, discovering bargains, and avoiding expenses that don’t need to be incurred.
You Learn to Be Comfortable With Uncertainty
The unknown of quitting a job to travel is one of the biggest challenges. You get used to travelling through unknown things, from new cities to new languages. Investing in a startup, taking a chance on a new business venture, or changing jobs to a less secure, but far more rewarding, opportunity becomes more possible for you.
Come Back With a New Angle to Your Career
When you’re away from the daily grind, you may return with new clarity about what you want out of your career. You might find you were undercharging yourself in your old job, or that you want to do a passion project that could be more lucrative. Stepping back from your usual comfort helps to see the big picture and grants you clarity which in turn leads to smarter career and financial decisions moving forward.
The Opportunity to Earn More by Networking Globally
When you travel, you run into people from all over the world: fellow travelers, business owners, freelancers, and entrepreneurs. A lot of these connections can become opportunities later on. It could be in collaboration, partnerships, or even learning new skills from other people you meet on your travels that can open new streams of income that wouldn’t have been possible sitting at your old desk job.
Different Economies Appreciated
Seeing how other countries’ economies work firsthand will make you see money differently. You learn that the cost of living in one place can be vastly different from another, and how different people view wealth. This might make you think about all the old financial habits you’ve been stuck in or even moving somewhere more affordable. Many people who decide to travel by quitting their jobs discover that they can live much longer in a country where their savings go further than they would have at home.
More Time to Explore Side Hustles
Travel gives you flexibility which means you might have more time to explore side hustles. It’s a great opportunity to try new ways to earn money while traveling: from starting a travel blog, teaching a skill online or offering services such as photography or translation. Side projects are just that, they can become solid income streams to help you fund your journey or even grow into a full time career.
Formal Education Vs Experiential Learning
According to Goodreads, the best education you can get is from experience. Traveling exposes you to new cultures, languages and ideas that you won’t get in a classroom. There is no student loan or hefty tuition fee attached with this type of education, but it can be just as valuable, if not more so, in terms of how you see the world and manage your finances. You could walk out with more practical knowledge than a business school student who’s spent years studying business.
Expenses Are Reduced by Minimalist Lifestyle
Often, when you travel you pack light, and this mentality can carry over into your life in general. With fewer possessions, you have less clutter and live more freely. You learn you can live with less, instead of buying new furniture or upgrading your electronics every few years. This shift to a minimalist mindset can save you a lot of money.
You Learn to Live on Less
When you’re on the road, for a long period of time, you realize you don’t need a lot to be happy. When traveling on a budget, you have to prioritize what is really important. Instead of spending money on fancy dinners or the latest expensive clothes, you find yourself spending money on experiences: sunsets on the beach, or hiking up a mountain. The more you travel, the more you learn to live simply, and the better you get at it, the more likely you are to develop lifelong financial habits that keep your expenses low.
Disclaimer: This list is solely the author’s opinion based on research and publicly available information.
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10 Best African Photo Safaris You Must Experience
Even if you’ve been on a safari in the past, an African photo safari is something you want to experience or at the very list add to the top of your bucket list.
But first, what is a photo safari? The phrase “photo safari” is not a common sentence structure but its meaning can be deduced easily. An African photo safari in general context means going on an adventure with the sole purpose of taking high-quality pictures.
10 Best African Photo Safaris You Must Experience
