Whether you’re exploring the globe on a gap year or taking a hard-earned break from the professional world, travelling is an unforgettable experience everyone should do at least once in their life. The biggest hurdle that many face before packing up their bags, however, is cost – after all, travelling for any extended period of time really isn’t cheap!
That’s why, in this article, the financial experts over at Learn to Trade are offering up some handy ways you can make money even after you’ve jetted off to your first location, enabling you to enjoy this wonderful experience for longer, and all without having to worry about the cost.
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Teaching English is certainly one of the most rewarding ways to make a little extra income while travelling, in addition to being a brilliant way of interacting with local communities and people. You’d be surprised at how in-demand English teachers are in Asain and African countries and, as a result, these jobs often pay fairly well too.
Of course, an added benefit is that it’s not all work and no play. On the contrary, most teaching jobs offer great flexibility, meaning your weekends and the odd weekday will be free for you to explore the surrounding area. Better yet, your hours are often completely negotiable, giving you even greater versatility to work around the sightseeing trips you already have planned.
The appealing thing about blogging as a way of funding your trip is that your experiences can help inspire your content. Because of this, travel blogging is very popular amongst many backpackers and globetrotters, meaning it can typically be a little harder to make a significant income off the back of it.
That’s not to say it’s not possible. To start earning, you’ll want to start offering affiliate links (and charging) or offering paid advertising slots on your blog, but to have any sort of traction to potential collaborators, you’re going to need a pre-existing readership. As a result, it’s worth trying to establish your blog months in advance to get the traffic flowing to your site before you jet off.
To do this, look into how you can utilise simple SEO tactics, collaborate with larger blogs in a relevant field and, perhaps most importantly, pair it with a solid social media presence.
Consider forex trading
Open 24 hours a day, 5 days a week, the forex market enables budding traders to open positions at any time and from anywhere throughout the working week. As such, it is an incredibly convenient way to potentially make some extra income by being completely flexible around your own schedule.
It’s important to understand that this isn’t a quick fix, however. Although there’s big wins to be had, this unfortunately means there’s also big losses to be made, making it crucial that you ensure you thoroughly understand the market before participating. Therefore, look to learn about the forex market by utilising online resources, training courses and by practicing on demo accounts.
It’s important you do this before you take off on your travels, as you don’t want to be missing out on one-of-a-kind experiences because you’re busy sprucing up on your currency pairs! Instead, arm yourself with sufficient knowledge before you take-off to enable you to safely trade at convenient times while still making enough to help fund further travel.
When it comes to making money while travelling, it’s all about finding the side-hustle that works for you. By exploring our tips, we hope you find a way that helps you to fund your travels for longer, continuing your trip of a lifetime without any financial worry.