Lifestyle

HAVING A LIFESTYLE TO TRAVEL

Not everyone is ready to quit their jobs, save all their money and live like a nomad for the rest of their lives. We get it, we understand that the majority of people want to live comfortably and still be able to travel. Having financial freedom can assist you in reaping the benefits of a lifestyle that includes travel.

It’s important to have your finances in order to live a life of travel. So the big question is, how do you have a lifestyle to travel?

Disclaimer: The following post is sponsored by Vestabyte and discusses financial investments. The post is not to be taken as financial advice. Please consult financial professionals before making any decisions as we are not authorised to provide financial advice.

Passive Income

One of the major factors in having a cash flow whilst you are traveling is through having a passive income. This can be from setting up a digital store to placing advertising on a blog. There are so many ways to have a passive income but if you aren’t into the creative side and don’t know how to set up a travel blog then where else can you get passive income from?

34Β° South Tours

6 Passive Income Ideas

  • Sell your photographs online from your journeys abroad

  • Sell an Ebook about your travels

  • Rent out your house on AirBnB

  • Create an online course

  • Set up a blog, website or online and use affiliate links

  • Investing in property or businesses

 

Investing to Receive Passive Income

Investing? Isn’t that something you do when you are old, have your life sorted and a job that allows you to afford investing? Well it’s 2016 and thanks to the digital age we have crowdfunding platforms that can be used by me, you, students, teachers, labourers and anyone who is interested in investing.

By having a product or service for which you have invested in can lead to having a passive income paid out to you on a agreed upon time schedule. This equals a cash flow whilst you are abroad.

Do you get paid monthly or fortnightly? Have you ever had a pay cheque’s received whilst abroad? Think about how good that felt.

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Where to Start?

The guys at Vestabyte got in contact with us to let us know about Australia’s first venture crowdfunding platform. Think Kickstarter but instead of just receiving a product at the end of the day, you are investing in the product. I personally felt the big flaw in Kickstarter was that you are technically investing in a company to make the product but instead they reap the rewards of establishing a new business and you just get the product.

So what is is crowdfunding? It’s the practice of funding a project by raising small amounts of money from a large amount of people via the internet. Instead of one person paying $250,000 – 125 people pay $2000 and then split the benefits at the end.

As Vestabyte is still in its new stages, there is one investment currently available in property with a minimum investment of $2,000. If you were interested, or were wanting more information – sign up for freeΒ  to get updates and future opportunities.

Stephen and Jess signoff

Thanks to Vestabyte forΒ supporting Flying the Nest, as always our opinions are our own.

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  • Alli Smith

    I dream of traveling full time and these are great ways to generate passive income. Now, if I could get my husband to quit his day job . . . I’d hit the road in a heartbeat. πŸ™‚

  • Traveling is really a wonderful lifestyle. It’s really great to create passive income through websites or photograph sales. It’s also important to manage it well.

  • Marysa

    I love traveling – it is great that you are able to dedicate so much time to traveling and sharing your adventures with the rest of the world too. I miss it – it would be great to be able to support my travel adventures while I am away from home!

  • I’m all about passive income. I miss working on diversifying what I presently have. I believe in putting my eggs in multiple baskets.

  • Jeanette

    I would love to earn some passive income so we could travel more. I love to travel, but don’t have the money to go all the time! Thanks for the tips!

  • Jacqui @FlightsFancyMom

    I am setting up my blog for passive income options. I’m hoping in a few years my freelance business will allow me to work from the road wile traveling.

  • It’s important to have passive income options. It can be tricky to get everything set up at first, but once it gets rolling, it’s a beautiful thing. Thanks for sharing these tips.

  • gaynycdad

    This is a fantastic article! Perfect for us when our son goes off to college! I would love to travel more and I love to share all my experiences, this would be a perfect combo to do it all!

  • Really great tips, i work full time, blog part time and travel once a month. It’s the blog that gives me extra money for travel expenses

  • Kita Bryant

    There are a lot of great options here. I so bad want to travel like this but I am waiting for the other half to finish school.

    • Don’t worry we didn’t start travelling in a large sense until we both finished school! Plenty of time to save and plan πŸ™‚

  • Passive income is really the best in the whole wide world, we are starting to work towards that and it’s amazing how free you feel to live the lifestyle you desire when you have a passive income!

  • Rebecca Swenor

    These are great tips for having a lifestyle to travel. The blog idea with the affiliate links is a great idea. Vestabyte sounds interesting indeed but would not be for me. I do know a couple people I can share this information with thought. Thanks for sharing the tips.

  • I like your ideas. I think being able to travel freely would be amazing. Vestabyte sounds like a really cool way to invest!

  • Bella

    I love travelling so I always make try to fit it into my budgeting. These are great ideas to make trips work financially.

  • I have yet been able to travel but would love to when the kiddos get older. Great post.

    • Have you been travelling on shorter trips with kids? It’s something we hope to do in the future but I think there are a few blogs out there that show you how to travel with youngens!

  • It is certainly a balance between investing in your business, earning income, and repeating the process! Looks like these are good ideas to make big decisions to get started.