Money – A few days ago, I began a conversation about money.
I told you what my budget for while traveling and what I pay for things like health insurance, website hosting, phone bills, and housing. And I try to give a bit of perspective.
Because, when it comes to travel, we often think we need more money than we really. And by chance that I spend the same amount or less than the travel money than I did when I lived full time in Colorado.
I hope that the posting help (and if you have not read and are interested in on-the-road finance, may I suggest you give it a read?).
Today I want to continue the conversation. Because there is another side of traveling-the-world-full-time-on-a-budget I coin … and the revenue side.
Now, many immigrants keep their money, take a year (or six months or two years off) to travel the world, and then returned to their home base to take another job.
If you’ve been following me for a while, you know that my case is a little different.
With about a year and a half of entrepreneurs under my belt before I go to travel, I take a revenue stream that is with me on the road.
At the time, that is a revenue stream for the Content business called Do-gooders. The idea is this: I provided a content strategy, copywriting, web writing, and other content related services for a company with a conscience. Some of them are non-profit. Others are just for-profits with people, companies, and agencies that prefer to work with someone that gives 10% of its profits back into the charity.
When I started my business, I have been working with words in one form or another (off and on) for about 10 years and I have worked for an ad agency (and then the advertising department of internal company) as full a time copy strategies author/content for about three and a half years.
I ran this business from my small ranch house in the center of Denver for one year (ish), working with clients in Florida, Colorado, Mexico, and various locations American and Central American. And just when I was ready to take a trip, I’ve worked with a number of long-term clients and made about as much as I had while working full time.
In other words, I’ve worked alone for a while and I was in a stable holding pattern with the business when I took and left the States.
However, it is scary to take the business on the road. I still have all sorts of worries about me ditching my clients or prospective clients my pool is growing smaller. In fact, I only planned one month of my trip at a time because I want to be able, at the time, flew back at sea and continue business as usual, just in case things start heading south.
Fortunately, what I found was the opposite. Being in Europe, five to eight hours in front of my clients, meant that I am suddenly wildly productive. Nothing bothers me in the morning (my most productive time), because they were all asleep. And by the time they woke up, like magic, I have delivered their finished product via email.
I also found that I continue to make contacts and meet potential clients at a fast clip. In fact, I met more prospects while I was traveling. And soon I was working for a company on two continents, making a living in a variety of currencies, and working with people who see life in the same way.
In the first year or so down the road, I do not make a ton more money than I did in the United States, but I kept stable. If you look at the tax returns in 2011, 2012 (when I started traveling mid-year), and soon in 2013, they all look pretty darn similar.
As many of you know, in 2013 I waved to a friendly farewell Content for Do-gooders and began to devote himself full time to travel and write inspiration.
When I “quit” my business, I own several online and print publications that I work with on a regular basis. I also chose to keep two old clients of mine who still fit the new vision I (both client that I wrote an article for the sound of my own and with my byline own, just about the content and marketing rather than driving) and who will help me make at least a little money every month while I was getting my new career at his feet.
That said, my monthly income did dip below the break-even point me during the first few months, but it seems to start building. (My goal is to at least break even in March.)
And, for me, make a career change while traveling tasted the same (actually, scratch that: noticeably better than) make a temporary change in the United States. My expenses are equal to or less than the cost of my US life. Just like when I started my business, I made this change with some clients/publications already in hand. And, in my case, because the inspiration is traveling and writing a dream career, being abroad is actually a big help.
Do you think this is too difficult to do? Let me know by commenting below.
UEFA Champions League fixtures are the scheduled matches of the UEFA Champions League, the premier…
Benedikt Doll is a German biathlete who has competed since 2008. He is a two-time…
In the filmmaking industry, "quiet on set" is a crucial phrase used to establish a…
L.L. Junior is a Hungarian singer, songwriter, and rapper. He is known for his unique…
King Charles is the name given to several monarchs throughout history, most notably King Charles…
Cruz Azul - Necaxa is a football rivalry in Mexico between two of the country's…