I’m going on a 2 month travel excursion in a few weeks…and profiting in the process.
NYC→ France→ Austin TX
My first stop is France. I’ll be there for almost all of July. My second and last stop is Austin, Texas. I’ll be there for 30 days. I actually have a few pockets of days without plans for a place to stay yet hah…but I’ll figure it out.
NYC is one of the most expensive places in the world to live. You can find cheaper rent than NYC in almost every other city in the world. Austin is one of those cities. It was easy to find places to rent for a month (retail) at a rate lower than the rate I pay on my year lease (wholesale). I ended up splurging a bit for a place that costs slightly more than my rent, but still less than what I rented out my room for. (And it’s a hell of a lot nicer than my apartment in NYC! ha.)
While I’m away, I’ve rented out my apartment for more than I’m paying in rent. Having a 12 month lease is like buying in wholesale. You get a discounted rate for buying more. I’m renting out my apartment at “retail.” I had no problem renting out my apartment for more per month than I pay per month. I’m sure I could have charged more.
While I’m traveling I’ll still be getting paid for my work. I have income streams that are automated. They will keep generating revenue without me putting in additional work. Passive income is great because you’re not trading your time for money. You can get paid while you’re traveling (or sleeping) without spending time working.
Most people with “normal jobs” get paid vacation days, but it seems like no one ever fully takes advantage. I know I didn’t. I find it funny that companies offer unlimited vacation days…then they hire people who they know would never take them because they have the right combination of “motivation” and “obedience.”
Passive income streams of significant size are not the easiest to create, but once you do, you can step away partially or completely and still earn money. If you have a job and want to travel for a significant amount of time, you would have to quit, and lose your income in the process.
I can run my business from anywhere in the world. Being in NYC has some advantages to my business, but they’re not substantial. Most of the advantages can be compensated for with technology.
I’ll be working full-time while I’m in Austin. I’m actually going to France for a consulting gig. So they’re paying for my flight, lodging, and a fee on top of that. I’ll probably take about 10 days off in total over the course of the two months.
Does this make for poor “work/life balance”? Will I not be focused enough on work and at the same time not fully in vacation mode? It’s possible. But there are also some great advantages to the schedule. I’ll be away for 2 months! Not just a week. Because I’m staying in each location for longer I can gain a deeper experience for the city and culture. And I don’t have to wait until I’m retired to make such a trip.
Saving up enough money to be able to do something like travel for 2 months takes most people a lot of time, and they therefore wait until later in life. It’s possible that by the time they’re able to do whatever it is they want to do, they may be able too old to enjoy it as much as they would while young. I’m definitely young enough to enjoy France and Austin
I’m going to work while I’m over there so I can continue to grow my business and have the opportunity to do bigger and better trips like these in the future. “Work-cations” are a great compromise between the dreaded “life deferral plan” and hedonism. On one hand you have to work, but on the other you are able to do something you may not have been able to otherwise, or at least sooner.
Another benefit of traveling for 2 months, as opposed to say a week, is that I can “batch process” the fixed costs and expenses associated with traveling.
Flights cost money. By taking 1 flight and staying for a month, as opposed to 4 flights and staying for a week each, you save on flight expenses. Traveling to and from airports is often expensive and time consuming too.
Finding a hotel and flights, and arriving early for flights takes a lot of time. Finding someone to rent my apartment took a decent amount of time (showing, answering questions, scheduling, logistics for moving in/out, etc.). I found 1 person for the entire 2 months so I don’t have to deal with logistics over and over again. The time it takes to rent out for 2 months is probably about the same as it takes for 1 week.
I was also able to save money by renting an apartment in Austin at a monthly rate (wholesale) as opposed to a weekly or daily rate (retail).
Fixed time and capital costs, such as flying and trip planning, are the same regardless of how long you’re traveling for. I’m saving a bunch of time and money by traveling all at once as opposed to spreading it out over multiple trips.
It will be a fun adventure and I’m sure a good life experience. I’m starting my “digital nomad” experience small. It’s just 2 months and most of it will be within the US. It’s amazing how technology and peer to peer networks have made so much of this possible.
I value doing/experiences more than owning/property but I’m actually not as much of a travel bug as most people seem to be. I like my routine and value consistent relationships. And it will be tough to be away from NYC and everyone I know for so long. So we’ll see if I’ll want to something like this again. But I’m really looking forward to it and I’ll think I’ll be psyched to start scaling up on one of the companies I started earlier this year when I’m back in NYC.
How to Get Paid to Travel:
Rent out your apartment for more than you pay in rent, then treavel to a city with cheaper rent.
Passive income is great because you’re not trading your time for money. You can get paid while you’re traveling without spending time working.
“Workations” are a great compromise between the dreaded “life deferral plan” and hedonism.
Taking longer trips saves time and money because you can batch process fixed expenses and time consumers.