6 Ways to Finance Your On-the-Go Lifestyle

life of travel may sound like something that is the stuff of dreams, but there are lots of people living (and working) on the road. For some people, that means moving around to a new place every night while for others, they live and work in a different country every year. In either case, they travel from destination to destination and live a sort of “vacation lifestyle.” Why not you too?

Here are some of the ways you can finance an on-the-go lifestyle.

Plan Ahead

One option is to plan ahead. If you are serious about living a life on the road, you may want to reduce your spending, cut your expenses, and sell many of your belongings to fund your adventure. Downsizing can free up the cash you need to travel. Also, depending on your job, you may be able to adjust your schedule to allow for frequent trips. This could mean periodic sabbaticals or a series of long weekends.

Make Investments

Some people who travel frequently like to live off of real estate or stock investments instead of working. These focuses let them earn a living without doing anything other than maintaining their investments. In addition, making investments is not location-dependent so you can be earning money wherever your travels take you. Make sure to do your research before stock picking.

Contract Work

For some people, seasonal, temporary, or contract work is a better option. You can either take a short-term employment position wherever you live then travel when that post ends in a series of long vacations, or you could take on contract positions in different places. You can find temp work just about anywhere and, with a little planning, you could arrange for temp work before you arrive in a new location.

Freelancing

Freelancing is another option. In some cases, this could mean writing or photographing your travels, but freelancing can also just mean that you are working remotely. If you have a skill like consulting, graphic design, website building, or photography, you may be able to make a living selling those efforts online. Fortunately, it has never been easier to start freelancing, with sites like Upwork and PeoplePerHour that easily connects clients to freelancers with the added bonus that they take care of all the invoicing and accounts side of things, so you don’t have to worry about not getting paid. You might prefer to build your own client base by networking and marketing yourself. This way you will earn more, as on freelancer sites they take a high commission and people tend to undercharge and undercut. You don’t need to worry about the accounts side with this method either, as there is plenty of software out there for people that create invoice templates you can send and keeps track of all your business transactions.

Start Your Own Business

You could also start your own business. Selling website designs, creating a paid membership site, arranging travel for other people, or working as a marketing consultant are all options. You could start a business wherever you are too. Teaching English, yoga, surfing, painting, or something else is something you can do from anywhere. You can get involved in local commerce as well. You could sell soap, jewelry, or art at farmer’s markets, cafes, and shops wherever you happen to be.

Direct Sales

Finally, consider direct sales. These companies make it easy to work from anywhere in the world. Amway is a good example. What is Amway’s business and how can you get involved? This long-standing direct seller of health and beauty products provides training and mentorship for all registered sellers. Plus, Amway lets you set your own schedule, so it works no matter which time zone you are in.

Living a life on the road can be one of the most rewarding, and scary, things you ever do. Planning ahead, making income-generating investments, and taking on contract work will help you afford your new vacation lifestyle. You can also freelance, start your own business, or get involved with direct sales.