They were super happy to collaborate with us giving us a good price and that's on accommodation
But we were also able to often get good deals on
excursions
All sorts of stuff. Transportation to the hotel, for instance, you might get that for free. Yeah. So we're using that as a bargaining power as well
boom boom boom
Hi Explorers, Morgan, and Chris here documenting our journey towards full-time family travel. Now we recently announced that next year
We're going to put all efforts into trying to travel full-time as a family. And we have received a lot of questions asking
Hey, how can you afford to do this and how can we do this?
So we decided to take a deep dive into our own plans and try to get the answer to that question for reaching out to
Some of our favorite families that travel full-time
So with a little help of my friends, we have prepared for you five ways to financially prepare for full-time travel
Number one start earning an income online
now we
personally own a video production business and we're hoping to shift gears with it and turn it more into an editing business that we can
do remotely anywhere in the world and we've also been experimenting with some other forms of revenue that we're going to be
Discussing in future videos in more depth and more detail for you guys
all of our travel friends said that the most important thing is just finding something that you're really passionate about and figuring out how to
Monetize it online. So that might be a remote position, freelance work or if you're able to generate enough business yourself
Just starting your own business
Number two budget based on your current budget. Now. This one was really an aha moment for us
We reached out to a family that we absolutely adored that travel full-time named the Krogels
They gave us some really great budgeting advice
They took the budget they lived on in, Texas
Sold everything they own to eliminate all their monthly bills and put all of their budget towards travel
Some places are going to be less expensive than others, obviously places like Southeast Asia
you could probably live far below the budget that you
anticipated so you can save that money and use that for travel to more expensive countries later on. Number three live by the
25% rule. Now when you travel there are
often hidden fees and prices that
Fluctuate around the world like accommodation
And flights and food and currency exchange to name a few and a lot of that you usually don't think about so you're not always
Budgeting for it. So our friends at unsettled down. They had a really great tip
They take their total monthly budget and then on top of that they add
25 percent extra to their budget to make sure that they are living a little bit more comfortably and they're not totally shocked by all these unexpected
miscellaneous items. Number 4- cut down on major expenses
One of the most expensive aspects of full time travel is accomodation
This is true whether you have a home base or not
So trying to find ways to minimize that cost is really important and our friends at unroot
We do a really great job of that. Our favorite way to save money on accommodation is with house-sitting
Yeah, so if you don't know what house-sitting is
It's pretty much where
you get to stay in somebody's house for free while they're away on vacation and take care of their home and animals and
They're all over the world and they're not just in like random places. We've done them in Colorado Springs. We've done them in
Portland, Oregon, um
So you can even go to like the real touristy spots and get houses and stay in that area for free. As a videographer
I see a lot of people in our space in the travel family space that are
exchanging their services for
accommodation, something that I would love to do, that we would love to do but I have never given much thought to
volunteering services for accommodation. You go to websites like work away and you
Volunteer your time on like a farm or whatever work they're looking for and in exchange they will give you a place to stay
And sometimes even provide your food so that one's really cool as well
And once again they're available all over the world
Another way to cut down on cost is to travel slowly
Unroot meat does a phenomenal job of doing this to save a lot of money. If you're doing
Airbnb for a month don't reserve your place if they're not offering at least 40% off for the month
Yeah, because you can definitely find them where they're like 40 to
60 even sometimes higher percent off. So it's a huge savings to wear like the nightly rate
Maybe 150 bucks are seventy-five bucks, and you can cut it in half by staying
For a month in an area. In addition to saving money on accommodation our friends The Forever
Travelers Family sent us a video on how to save money by being flexible. Which brings us to number five Be
Flexible. Stay flexible. So we book late
We're not so particular about where we go more important for us is to spend the time together
So it means that we we book late when the flights are cheap to different places and then we go there
And we book accomodation late as well
When prices are coming down and a pro tip on that is to book whatever app you're using booking or hotels
Those are the two we are using book with free cancellation, which means you have the security of having something booked
But then you can cancel that and jump over to a cheaper option when the prices go down
And then there's always the last-minute deals on these apps and they're really what we go
The forever traveler's family also asked for flexibility from other people, which I thought was really interesting
Bargain bustle on everything we've learned that everything really is up for negotiation
Everything and anywhere even, you know place where it looks like odds spec prices here
You don't party anyway hotels two operators
even in a restaurant
You might get you know, like free drinks or something
We haven't done the stuff restaurants
But you can always say hey do you have a good price for us today?
And at first, people will be a little bit surprised in some places, but they'll always end up putting on a smile
and say "okay, you can do something" and you end up getting at least 10% which is worth taking while your traveling
Yeah, and one thing you should do is we didn't know anything about social media before we started this trip, but developing a presence online
Has given us some bargaining power as well
So with the help of all you guys who is in the travel community as well
We've been able to put that to play and hotels are very interested in collaborating
with with families like us with you because it's an audience that they try to reach but that it's not so easy to reach so
We landed our first collaboration with only around
three and a half four thousand followers
We didn't get in free stay, but we certainly got a very good deal
on a five-star hotel that was
Taking so I mean they were super happy to collaborate with us giving us a good price and that's on accommodation
But we were also able to often get good deals on
excursions
all sorts of stuff
transportation to the hotel for instance, you might get that free and so we're using that as a bargaining power as well
Those are some awesome tips. Thank you so much
And thank you to all the travel families that took time out of their busy
Travels to help us in our journey and this whole travel community
That are all working towards full-time family travel and if you like this video and it is gonna help you, please
Smash that like button and subscribe and comment down below. What topic do you want us to cover next?
We're super excited to bring you along with us on our journey and to cover all the topics that you have questions on
See you next week. Adios
Jonah Frederick Hall that's gross! Get your mouth off of that! Santa's coming tomorrow
how excited are you going to be?
It's Christmas
Hey Jude
do you want to get up?
No!
Yeah, Joanh!