Monday, May 18, 2020
5 Ways To Earn Money for Travel
5 Ways To Earn Money for Travel Almost everyone at some point has a desire to travel. However, for many of us, this is just a pipe dream, bogged down and away from sight given the responsibilities of work. However, what if there was a way to see the world while still maintaining the upkeep of your life back home? While itâs going to take a solid amount of blood, sweat, and tears, you too could set yourself up to earn and travel at the same time. In fact, once youâve got your foundation set, this might be some of the easiest money youâve ever made. Hereâs how: Rent Your Home If youâre lucky enough to be a homeowner, then it might not be a bad idea to try and rent it out so you can afford travel. While your local market is largely going to be what determines the rent price you can charge, this can be something that could take care of your monthly expenses while youâre away. Plus, if you set everything up to make the process seamless, this is a relatively simple way to make some passive income. First and foremost, if youâre going to be away, then itâs imperative you have all the resources necessary in place in case something goes awry. For example, having a trusted plumber or electrician on call, as well as communicating when youâre going to be available in case something goes wrong with your tenants. Additionally, updating your home to newer appliances, as well as being energy efficient can both help you save while allowing you to charge more. All-in-all, this strategy is one thatâs great for earning while youâre away and should be highly considered if you own a home. Pick Up A Side Hustle Having a side hustle can be one of the most lucrative ways to earning travel money quickly, especially if you have little to no debt. According to the Recode, approximately 5 million people are currently working in the âgig economy,â which highlights how these types of contract work and can be a tremendous way to make some extra money. Whether it be driving Uber, doing design, or even walking dogs, taking on something that makes an additional $100-200 a week can add up quickly, and will have you in another country in no time. Start Reselling Clothes As an extension of the side hustle, a popular trend lately has been entering the resell market, especially with fashion. As noted by ThredUp, apparel resale accounts for $18 billion in revenue per year, which is a pretty significant figure when you factor in the margins that people are buying and selling for. Check your closet to see what you might find that a secondhand or boutique might sell. Additionally, while it will take some digging and a keen eye, finding items in a thrift store to bring into more high-end resellers is also an excellent way to make some serious cash. Once you develop a pattern with this, the potential earnings you could have will be tremendous. All it requires is a little homework and some patience. Get A Remote Job Remote work has been an incredibly popular trend over the past few years (especially amongst millennials), and itâs easy to see why. As noted by The New York Times, approximately 43% of employees spent some time working remotely last year. And who can blame them? After all, while youâre going to have to dedicate a few hours a day to grinding while on the road, the payoff is the ability to make your own schedule, as well as go where you want. Take some time to search through job boards like Angel, We Work Remotely, or Remote OK, as these sites will have numerous opportunities no matter your skill level. Become A Tastemaker Although itâs going to take quite a bit of work to establish yourself, becoming a tastemaker can be a dream opportunity to get paid (as well as potentially eat and sleep for free) on the road. Unfortunately, this is somewhat of a situation where youâll have to spend money to make money, but after youâve created your personal brand and gained some traction, the paychecks will be well worth it. As noted by AdWeek, influencers can make anywhere from $300 to $800 per post depending on the number of followers you have, and landing even just two or three of those a day could expense your trip tremendously. Brush up on your social media and blogging game, and this might be the perfect chance for you to travel. With so many of us having the desire to travel, what are some strategies youâve used to earn money for trips? Comment with your insights below.
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