So in this video, I'm going to show you how to take a year often travel the world
like I've done. And I'll show you these 3 nifty guidelines that I've used to
determine my needs to getting out there and making stuff happen. So, in order to
take a year off and travel, there's a few things you need to understand. First off,
I've kind of abbreviated everything by N-S-P. The first part of this is needs. You
need to know what your needs are. There's 2 components of this, okay? You need to
know your needs in terms of money and you need to know your needs in terms of
time. So, needs in terms of money. We can look at a few things to determine what's
your needs. First off, to even get anywhere in the world, it depends on where you're
going to start. If you're taking a year off to travel, you could be starting at your
own doorstep, okay? So, you could just say I am starting wherever I live. And I'm
just going to drive off and do whatever, okay? That's great. That means it'll cost
you nothing. You know, to go off and start your trip. Or maybe you're going to rent a
Winnebago, right? That's if you're going to buy or rent a van or something. That's
going to cost you money. So, you have to factor that into your needs.
What I'm going to use rough numbers for this. And just as a disclaimer for this
situation, I'm going to assume you don't have a lot because I don't know your
individual case. You might have a mortgage. You might have a car payment.
You might have a ex-wife who needs payments every month. You might have kids.
Again, whatever those are. Those are things you'll have to calculate yourself
into your base. But above your base is the stuff I'm going to talk about here.
Okay? So, needs in terms of money. Typically
speaking, you're talking about a starting cost of $1000, okay? You want a plane
ticket to Thailand. It costs you about 750 bucks. And to get phone service in
Thailand or something like that earned Bali you're gonna have to pay
some money just to get a data plan in these countries. You might have to pay
another 50 bucks or so. So there's starting costs to getting
situated anywhere in the world. You might need mosquito repellent. You might need
shots, you might need vaccinations. There's a number of things. You might
need to pay for a visa. So, moving to your first place, generally requires
some money. Wherever that is. You know, if it's Europe or Asia or
whatever. So, let's say to start it's $1,000. Now, when you're traveling, here
are some rules of thumb to use. And just to give you my experience, I took a year
off, I think it was my junior my senior year to just travel. And what I did was I
travelled a bit of the world. I traveled all around Asia. Southeast Asia mainly.
And there have been multiple points in my career where I've taken months off at
a time to just travel. And so all of these numbers come from my personal
experience in traveling. And doing this myself. So, if you want to travel on the
cheap side, after you've gotten situated original thousand dollars, you'll need
about $500 per month. I'd say that's the absolute cheapest that 90
some percent of people I believe would be willing to go. I'm sure there are
people who can talk about how you can spend even less than $500
a month. But generally speaking, I figure that you need about 8 to 10
dollars per night to stay at a hostel or something like that. And you need about
you know, something like you know 5 dollars or so per night for food there,
per day for food. Because in lots of countries like Thailand or something,
each meal is you know 2 bucks or so. Now, if you want to travel more
comfortably, I recommend about a thousand dollars. If you have a thousand dollars
per month to spend, what you'll get is a little more what I call comfortable
travel. You'll be able to spend a little more. You won't have to stay in a hostel.
If you have a thousand dollars per month to spend, you can stay in a cheap hotel
so nights, okay? If you're traveling. That
have you know, like shampoo bottles and and you know uh conditioner and Body
Wash. So that you can freshen up a couple times a week. And also
you can pay for some nicer meals here and there. But really a thousand dollars
a month gives you more flexibility to travel. Okay? If you're just looking to
stay situate in one place, yeah. Like you with minimal amounts of travel, $500
a month is good. But if you're looking to take a train somewhere or spend more
money going to new countries and pay visa fees and stuff like that, that's
going to cost you a little more. Okay? So, you'll need a little bit more money to
do that. A thousand dollars a month will allow you to travel throughout
more countries generally speaking. Now, if you'd like to be a
little more comfortable traveling, $2,000 is a pretty good range
to be. And if you want to take plane flights to new countries every
other week or if you want to stay in a hotel or you know a motel or something
like that, if you want to generally eat what you want, $2,000
gives you roughly 60 or 70 dollars per day to spend.Aand
that gives you 10 to 15 dollars per meal. And it gives you
30 to 40 bucks a night, Which is pretty reasonable for international
travelers. It won't necessarily allow you to be in like the first world countries
like hotels in like America or France. But you could travel first world
countries like Europe and whatnot on $2,000 a month. And stay in
hostels. So realistically speaking, if we add all of this up, you know, if you... We
can put a range of $500 to $2,000 per month that it would take to travel for a
year. And the starting costs of any sort of travel are going to be about a thousand
dollars. So above and beyond whatever expenses that I don't know about that
you have. That it could be mortgage car. I don't know what they are
but I don't, I can't calculate your expenses right here, you know?
It'll cost an additional 7,000 to 25,000 dollars
if you want to travel for a year, okay? iIf you want to travel comfortably, it'll be
about $2,000. If you want to travel just, you just want to do it.
You want to do it and you don't care how you know, how grody and you know you're
staying at hostels every night, you're staying in cheap hostels every night. Now,
that stuff cost you $7,000 for the year. But it's totally possible. These are good
ranges to kind of go between. So, those would be your needs in terms of money.
Now, let's talk about your needs in terms of time. Now, your needs in terms of time
this can play a crucial role. For some of you, you may just want to take a year off.
You don't want to do any work whatsoever. You don't want to do anything to make a
dollar, okay? You don't care about money at all. But some of you may have
businesses where you can freelance, so you can contribute or you can do
something with your work while you're out there. For me, I run an internet
business, okay? And I've been running an internet business since 2012. And that's
really afforded me... You know, it's kind of the reason traveling was the impetus
that I started an internet business because it's very easy to travel when
you run an internet business. It's just you know, I all I need is an internet
connection. One thing you might want to consider if you're working a job or
you've been, you know, you've had tenure and you you're working a job for a long
time is, maybe what you want to do is you want to work remotely for
your company or they you know you want to do certain projects remotely on a
monthly basis. That's a perfectly acceptable way. You can earn some money
and this sort of situation can allow you to travel literally for life. Because as
you saw, to live comfortably overseas, you need about $24,000
per year. So working remotely with your job is a really feasible choice. Now, what
you need to do is you do need to prepare for working remotely with your job. You
need to let your boss know. And it depends on what sort of terms you are.
But they could not pay your salary. So, you need to oftentimes... People want to
account for you know that their job lays them off while they're traveling. But as
you saw in our scenarios, if all you need is 7 to 25
thousand dollars, there's a very high likelihood that you're you can
travel indefinitely if you had a remote working arrangement. Even if you're being
paid half your salary in many cases. So, it's a really feasible thing. For me, I
can automate them quite a number of things in my business. But I'll still
need to spend a few hours per week to actually run my business and bring in
some money. Now personally, you know, I have a lot of money saved up so I could
travel anyways. But if I wanted to continue having my business, make me
money, I'd I'd still need to focus on automating things. So knowing
your needs in terms of time is important. You know, how many hours per week do you
need to be working. Whether you have some sort of remote work arrangement or
whatever. So, you want to get your needs down. And also this is going to go into...
We're going to talk about this later but this will affect some of the other steps.
The second step is saving and you want to save money and you want to save time.
Now, it's obvious how much money we want to save. You know we want to save 7
to 25 thousand dollars. Those are the numbers. In terms of saving time,
that's not so obvious. Now, for us, if you are traveling for a year, it depends on
what it looks like for you. Again, if your needs and travel or just not even do
anything work-related the entire time, then you need all 24 hours a day. But if
your needs are that you're comfortable like me, you know, I'm
comfortable spending a few hours per week running my business. But you know, I
want to travel the rest of the time that factors into things. Let's say I only
want to work 5 hours a week. I would need to do certain things in my business
to make sure that you know, I oughta mate certain activities that I'm required for.
So, that I don't have to spend that time managing those activities. So, my business
runs itself more. Now, there's a number of activities I do in my business, for
instance. I do a lot of training webinars, I have accountants and lawyers and you
know, bookkeepers and media buyer. All these people that always want to
talk to me. You know, sales people etc. Tons of people always wanted to talk to
me. And I would really need to automate a lot of these processes to make sure that
you know, I don't have all these people always wanted to talk to me and always
expecting me on these training webinars and yada, yada, yada
every single day. Also, in my situation I have I've mortgages. I have all this
other stuff that requires time. You know, so understanding what your kind of basic
activities are. You know, my life's a little more complex now. But you know, I'm
assuming some of your lives, you know, maybe your life has certain things that
you'll need to maintain. You'll need to find ways to save time. So, that you can
reduce the amount of time you need to spend on maintaining whatever it is you
currently have. The third step is to plan. And this is the most exciting part
obviously. You know, once you have saved up the money and you've you've reduced
the amount of time you need to spend and if you're not entrepreneur, a freelancer
or if you were just like, "I'm out", you get to plan. And whether it's you go to
Thailand or whether it's go to Bali, great places. Whether it's go to Morocco
or Brazil or wherever these places are. You want to time around. You know for me, I
have to plan things around where there's going to be good consistent internet access.
So, the most beautiful areas the world don't have great internet access. So, I
need to pick beautiful places that do have internet access. You know and
consistent internet access. That's a big problem with a lot of countries. I also
need to make sure... For me, I need to go make sure I go to hotels or hostels or
whatever that have internet access. Not just some sort of like tethered mobile
connection. I've been to so many hostels that you know, they're like, "Oh, we have
internet." But it's like a tethered connection to somebody's cell phone. It
sucks. Which is funny this air B&B I'm staying in here and Utah and think
it was going to be the same situation but they have a tethered mobile connection.
The internet is out. But you want to plan around where you're going to be and where
you're going to go and what the cheapest routes to get there are. Now, I hope you
enjoyed this video. Make sure to like, subscribe to my channel if you want more
information on how to work for yourself. And also comment.
If anything in particular helped you or kind of sparked an idea in your head, let
me know what it was and let me know how it helps you out. And even where you're
planning to go and that's really exciting. So, hope to see you travel the
world it was the best decision of your life. Travel for a year, it's amazing. And
it'll change your perspective on things. Great seeing you and thank you.