How to Pay for Life as a Permanent Traveler

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The expat life seems to be more attractive than ever before, for a growing segment of the population. While some people are independently wealthy, most of full time travelers aren't able to afford this exciting lifestyle without getting creative when it comes to making a living. Fortunately, the internet has made it easier than ever to make money on the road, wherever you can find a WiFi signal. As telecom networks extend farther into every corner of the globe, nomadic professionals are increasing in number. Here are some ways they manage to do it.

Forex - One of the best parts of travel is gaining new skills. You might learn a language or trade. Becoming fluent in a new currency may not seem exciting, but it's actually a marketable piece of knowledge, through today's sophisticated new Forex markets. Forex brokers like ETX Capital give their users a chance to make investments/bets/trades on their predictions about the future value of global currencies. The user selected a timeframe, invests the money, chooses whether a chosen currency will gain or lose value, and waits to see if time will validate the choice. Dividends are gained when the investor gets it right.

The reason this investment method works well for long term travelers is multifaceted. 1) Forex investments can be performed digitally, from the comfort of your laptop of mobile. 2) Forex trades can be completed quickly, in minutes or days. 3) Forex investments reward people who know about currencies. If you have two currencies that you understand (say, the currency of your home country and the currency of the country you're visiting), you'll be likely to make reliable earnings through this investment method. It really is tailored to the traveler.

Freelance or Remote Employment - The expat life was made for bloggers, designers, copywriters, and other digital creatives. Many of these tradesmen have found geographical freedom by being able to ply their trades remotely. This model works in the traveler's favor because it commonly brings in money from a wealthy country with a strong currency, into a poorer country with a weaker currency - the country the traveler is living in. As such, the traveler's money goes much farther than it would back home, affording a higher standard of living or greater opportunity for saving and investment.

Income Property Back Home - An increasingly popular method by which to achieve financial independence and travel freedom is rental properties in the home country. Many people use a first home as a stepping stone. When they move away, they rent out the property. In most cases, monthly rent income is greater than the cost of the monthly mortgage payment, allowing the traveler to "buy a house for free" and also profit all the while.

There are many methods that work, but these are among the most dependable and efficient. It doesn't make sense to travel overseas if you can't afford anything or have to spend all of your time working. These methods, when mastered, can give the traveler a great standard of living for years to come.

 

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