Entrepreneurial Vision

Every Entrepreneuer Lives off Their Vision

Archive for the tag “backpacking”

Planning to Travel the World Part 1

For the past few years the concept of lifestyle design has been something that has interested me. The idea is that you build a life that you consider fulfilling and sustainable. A popular example is world travelers. Many of them are ex-corporate employees that realized a 9-5 job was not what they wanted. You can find them anywhere in the world. If you just Google “How to travel the world” you will find an astounding number of blogs, products, and websites dedicated to these travel junkies. They create location independent forms of income, sell their junk, and off they go. As crazy as it sounds I’m also planning to travel the world. It takes quite a bit of planning but it’s not impossible. Here is what I am currently doing to travel the world.

Commitment. I know this is not going to be easy so I have to be 100% dedicated to my goal. Fortunately I’ve traveled quite a bit, for an American, so I have already tasted the benefits. I know this is something I want to do so I set a goal. First things first, I need to graduate college. I have less than two semesters left. I would be an idiot not to finish.  When I graduate I’ll have roughly $30,000-$35,000 in school debt. I will pay that off before anything else. I use the Dave Ramsey methodology which is basically live like a hobo and pay off your debt ASAP. When my debt is paid off it is time to start saving. I imagine $15,000 should be plenty.

Own less stuff. This one is fun. People who are moving from place to place generally are living out of a backpack. The closer I get to travel time the more things I give away.  My collections of books are right in front of me and they are my pride and joy but I know one day they will have a new home. One way to practice this is to buy experiences instead of things. Don’t buy a movie rent one. You don’t need a dog, just visit the animal shelter. Collect these experiences with care, they’ll last a lifetime.

Enjoy the simple things. Even though my American currency will have leverage in other countries that money will dry up quick if I’m not wise with it.  Between plane tickets and surfing lessons (just wait Callie, I’ll be a pro yet) find ways to save money. For me I am learning to cook. This will be a skill that I can take with me all over the world. Not matter where I will go eating is something everyone will do. My secret to learning to cook quickly is The 4 Hour Chef. The author Tim Ferriss got me cooking fajitas and other goodies in a week flat. Hopefully my cooking skills will be enough to pick up a little side cash around the world. Find something you enjoy that is not expensive and is location independent.

Create an alternative form of income. This is the big one. There are so many ways to create a location independent business or even to just work in other countries. I am trying my hand at ecommerce and content marketing. I am currently designing a product that will hopefully sell over the internet. I can then outsource the fulfillment and customer service issues, and just check in on things via laptop or cell phone. Realistically I know the idea may not work so other ideas for me to consider are: teaching English, SEO work, and volunteer work. I think this issue is what keeps most people from pursuing extended travel. To be honest I’m a little worried because I have not made much money in a location independent manner before. Luckily I have an enterprising mindset to keep me motivated.

Check in soon to see how my planning is coming along and see how I convince my girlfriend to go along with this! What suggestions or comments do you have regarding travel?

At 22, Andrew Sieg has started 2 businesses and 2 fraternities. He enjoys learning about and creating business models that make more money and more free time to pursue his passion, traveling. Visit his blog https://entrepreneurialvision.wordpress.com/ to get advice for building a better business and life today. 

Advertisements

Post Navigation

%d bloggers like this: