How to Quit Your Job, Go Travel, and Not Worry about Money (2024)

Do you wonder how to quit your job and travel the world?

It does sound amazing, doesn’t it? Put all obligations aside for a while, get lost somewhere in jungles, wild beaches, or romantic cities, and just be for once.

One way of making this dream a reality is to save up money, sell your stuff, and run off to new adventures.

That’s at least what you expected to read here, isn’t it?

But if you knew already how most people say they do it, why haven’t you done it yourself yet?

While we think we know they reason why, you have to admit something. It sound pretty easy in theory, right? You hand in your resignation letter, pack up your stuff, get cheesy goodbye presents, and close the door behind you.

Actually, we know many who did exactly that. They quit their jobs, sold all their belongings, and all that romantic sounding jazz. They went traveling, and you know what? Only a few short weeks or months in, they decided to turn around and come back home!

Why? Because they couldn’t handle seeing their money being drained out of their pockets. They didn’t have a longterm plan and they started freaking out once savings started to get tight. And they will get tight … sooner or later!

Let me guess.

You haven’t quit your job and gone traveling on your savings because you know that this is not the right way.

At least not for you?We agree. That’s why we did it in a totally different way. In a safer and longterm sustainable way.

Read on if you want to know how we managed to leave our 6-figure corporate jobs and create a life of freedom. And … how you can start planning ahead right if you want to know how to quit your job and create a life of location and financial freedom.

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How to Quit Your Job, Go Travel, and Not Worry about Money (1)

You need to have a longterm plan forhow toquit your job and travel worry-free

We quit our corporate jobs in 2018 to become digital nomad entrepreneurs and we can’t stress enough how important it is to do proper preparations before you quit your job and travel the world. Especially when it comes to money.

We don’t want you to quit your job abruptly without having a plan.

Instead, we want you to choose another path.

We’ll let you in on a proven method of how you can quit your job and go travel in full peace of mind. With this method you won’t need to worry about money.

Even better, this method will not only allow you to travel but to change your life so that you can start living a life of freedom forever.

In short, we want to help you build a life in which you can do whatever you want, whenever you want, wherever you want.

Without having to worry about money running out and without sacrificing your happiness for money either!

We know, this sounds almost too good to be true but just roll with us for a moment. You will very soon understand what we mean.

Oh and no, there is no secret hook, and it’s easier than you think it is.

Let us start by telling you a short story about us and how we have been traveling the world full-time without without touching our savings and while doing what we love.

Secret #1: How we went traveling full-time without working and without touching our savings

The story of becoming full-time travels and digital nomad entrepreneurs starts on a sunny spring afternoon 5 years ago. It was Sunday and Tomer and I were strolling along the beautiful canals of Amsterdam when the pre-Monday blues started to settle in. Sounds familiar?

We had been dreaming about going traveling for a long time but I had just received a juicy promotion and it didn’t seem like the right time to leave.

I remember getting into a heated discussion. We concluded that if we didn’t go traveling soon, it was likely never going to happen.

At that time we used to live in a rented apartment that cost us $1600 a month. Our landlord rented it out because he was traveling around South America.

We found this fact so fascinating that we started looking into mortgage prices to figure out how much profit our landlord was making on us. We learnt that if we bought an apartment ourselves, our monthly total cost would be $1000. That’s $600 less than what we were renting our apartment for! That meant that our landlord had an additional $600 for his travel budget coming out of our bank account, every month.

Learning this was a game changer for us.

Over the course of the next 2 years we bought 3 apartments and gave them up for rent. You can do the math how much that made us. The best thing, apart from some small administrative tasks of about 2 hours a month, we don’t need to work for this income.

This type of income is called passive income.

Passive income is any earnings that you make without having to actively work for. In simple words, it’s money that you earn while you sleep.

Before you object and say“Ok, thumbs up for you guys, but that’s not realistic for me.”, let us calm you down.Real estate is not the only way. In fact, there are many more options — especially those that require less than $20 to start. We summarized the11 best passive income streams that we see great potential in here.

Instead of watching your savings run out and stress about urgently needing to find random remote jobs, passive income will give you peace of mind during your travels. Besides being an essential ingredient for smart money management, it is also a cushion. A financial cushion to explore what you actually want to do, without stress.

… which brings us to Secret #2 to creating a lifestyle in which you do what you love where you love and when you love:

Secret #2 is to turn your passions into an income source.Or in other words, become a digital nomad entrepreneur.

Secret #2: Turn your passions into income as digital nomad entrepreneur

How would it feel if you could do something you love all day long and make money while you’re at it?

This was our vision. We knew there had to be another way of making money. One withoutbeing chained to your office desk from 9 to 5 and doing work that drained our souls.

Instead, we wanted to do do our own thing. We wanted to be in control of our own schedules, travel, and spend our time on projects and people that inspired us.

So after leaving our Fortune 500 leadership careers thanks to passive income, we started building our freedom based online business in Bali.

That’s the ultimate ticket to freedom.Finding your marketable skills and passions and turning it into an online offer that people will love to buy … Starting an online business as a solo-preneur allows you to work from anywhere in the world on your own terms. And it doesn’t have to be complicated!

The key to launching an online business that is profitable and fun is to pick a business idea you are passionate about and follow a step-by-step plan to start making money with it … without the overwhelm. In this post, we help you break down your knowledge, interests, and experiences into marketable skills and find profitable business ideas.

having a clear step-by-step plan that takes away the overwhelm and doubting. In this post, we take you through the 5 Steps forHow to Start an Online Business (+ Work Only 2 Hours/Day!) as a Beginner.

The fastest and most profitable way to become a digital nomad entrepreneur is to create a consultancy or coaching service.

Why is that? Here are the benefits of becoming a digital nomad coach / consultant:

  • You stop working on somebody else’s schedule. Instead, you decide what you offer to whom and how, allowing for control and flexibility.
  • You can get started withskills you already have, without the need for retraining (or becoming a bigger expert!).
  • You can charge a premium price andmake substantial money relatively fast.This means you sustain your travels with the business as soon as possible.

Becoming an online consultant or coach is a great way tomonetize skills you already have. You do that by turning them into value that others are willing to pay for.

You don’t need to be the best in your field. The secret is to be one step ahead of somebody to create a huge benefit for them.

If you’re looking for a structured way to map out your business idea and the steps it takes from launch to first client, here’s a FREE Training. We take you through the 5 Steps of creating a premium service offer and acquiring your first client … as a beginner. It comes with a FREE Workbook to jot down your ideas and keep yourself organized!

How long will it take? Timeline for how to quit your job, travel and do things you love

We can imagine, you don’t want to wait forever until you can finally live your travel dreams … and you don’t have to!

However, we want to set the right expectations. Becoming a financially free digital nomad entrepreneur doesn’t happen over night. It does take time and dedication.

That’s totally fine and needed. Overnight success is a myth. Often, as fast as it comes, that’s also as fast as it is lost. Everything that is worthwhile keeping is the result of a process.

The key is to know the step-by-step process of making your travel business plan a success.

This process is the difference between working hard for months without making any money and landing your first high-paying remote clients in the first weeks of your new business.

It’s about creating something that people will really want and to market it effectively.

How to quit your job … starting now: Your next steps

How does your freedom lifestyle look like? What do you secretly dream about doing or trying?

If your vision of an ideal freedom based life is being your own boss, working from anywhere with a wifi connection, and doing things you enjoy, we have something you will like.

We created a FREE Training that teaches you the 5 Steps for becoming a Digital Nomad Entrepreneur.In other words, we tell you how you can find your marketable skills and passions and turn them into a profitable online offer that people will want to buy.

The best thing is that you can start right away, without waiting for more confidence, certifications, or social media followers. You can start turning your passions into a remote income source now! Access the FREE Training here. It comes with a free workbook with journaling prompts and questions to map out your freedom business idea.

How to Quit Your Job, Go Travel, and Not Worry about Money (2024)

FAQs

How to quit your job and travel with no money? ›

An incomplete list of options to get your ass abroad and exploring the world:
  1. Join a volunteer organization. ...
  2. Teach English. ...
  3. Find a source of mobile income. ...
  4. Start an online business. ...
  5. Convince your company to let you work remotely. ...
  6. Get transferred overseas. ...
  7. Find odd jobs as you travel. ...
  8. Work on a cruise or for an airline.

Is it a bad idea to quit your job to travel? ›

Quitting your job to travel can positively and negatively impact your career. While travel experiences can enhance personal growth, cultural understanding, and adaptability, explaining gaps in your resume to potential employers may be challenging.

How do I quit my job and travel around the world? ›

How to Quit Your Job and Travel The World?
  1. 1) Know that you really want to travel. ...
  2. 2) Create travel and rainy day funds. ...
  3. 3) Prepare for a lonely journey ahead. ...
  4. 4) Evaluate ways to make money once you quit. ...
  5. 5) Have a goal, but be flexible. ...
  6. 6) Break it to your family, but expect to be talked out of it.
Feb 20, 2024

How much money do I need saved to quit my job? ›

Experts recommend having three to six months of living expenses in emergency savings to cover surprise bills or ongoing costs if you're out of work. If your essential expenses are roughly $3,000 per month, that would mean having at least $9,000 to $18,000 set aside in emergency savings before quitting your job.

How to give up work and travel? ›

How to quit your job and travel
  1. Reflect on your reasoning and goals. The first thing to do when you believe you want to resign and travel is to consider your reasons. ...
  2. Notify your employer. ...
  3. Be honest with friends and family. ...
  4. Plan the details. ...
  5. Budget strategically. ...
  6. Consider work opportunities. ...
  7. Set goals for when you return.
Apr 25, 2023

Is 30 too old to go travelling? ›

Many people travel in their 20s after graduating from high school or during a post-college gap year before they start their careers. If you feel as if you've missed the boat, rest assured that people in their 30s can still enjoy traveling the globe. In fact, traveling at this age is even better.

Is it better to quit a job or be let go? ›

Quitting allows you to retain control over the circ*mstances of your departure, making it easier to frame things positively with future hiring managers. Getting fired can feel like a black mark, but it also prompts invaluable self-reflection to get clarity on better career alignment going forward.

How to make money after quitting your job? ›

How to make money in between jobs
  1. Take part in paid surveys. Sign up with companies conducting market research. ...
  2. Use your skills to freelance. ...
  3. Learn a skill. ...
  4. Sell your clothes. ...
  5. Sell unneeded items. ...
  6. Work part-time. ...
  7. Complete tasks on online job boards. ...
  8. Offer landscape services.
Feb 16, 2023

What can I do instead of quitting my job? ›

Cultivate A Hobby Outside Of Work

This could mean starting a new hobby you've been putting off or picking up an old hobby you stopped doing. Between working, job searching, and having some semblance of a personal life, picking up a hobby can feel like another thing you don't have time for right now.

How to leave a 9 to 5 job? ›

Here are five steps that you can follow to transition from a nine-to-five job to a new job:
  1. Create a plan to leave your job. The first step of transitioning from a nine-to-five job to a new job is creating a plan. ...
  2. Set goals. ...
  3. Research alternative jobs. ...
  4. Plan your work hours and pay rate. ...
  5. Make the transition.
Jun 28, 2024

What to do if I hate my job but need the money? ›

Here are helpful tips for what to do if you don't like your current job:
  1. Decrease financial liabilities. You likely can categorize the need for a high salary in one of two ways: as a want or a need. ...
  2. Explore other sources of income. ...
  3. Raise issues with management. ...
  4. Reassess your career. ...
  5. Reflect on your values.
Jun 30, 2023

How do you tell your boss you're leaving to go travelling? ›

Talk to your supervisor and say, “I'm thinking about leaving my job to travel.” Or just give a two or three sentence resignation letter. I will be leaving for personal reasons. I will make my last day of work xx/xx/xxxx.

How do I decline work travel? ›

How should i decline a business trip if i'm concerned about potential backlash from my employer? Communicate honestly and professionally, expressing gratitude for the opportunity and providing a genuine explanation for declining. Offering alternative ways to contribute can also help mitigate any potential backlash.

How can I travel if I'm broke? ›

45 Genius Travel Hacks For When You're Broke AF
  1. Plan around off-peak travel times.
  2. Stay in hostels.
  3. Take free classes.
  4. Fill up on free hostel food.
  5. Venture off-the-beaten-path to save money.
  6. Treasure experiences over material things.
  7. Work in a hostel.
  8. Check visa costs before you travel.
Nov 7, 2022

Can I just quit my job and leave? ›

Unless employed under a contract, most people work under the terms of at-will employment, meaning that neither the employer or the employee has a legal obligation to give notice before terminating employment.

How do you travel when you don't have a lot of money? ›

How to travel without money – 5 ideas
  1. Volunteer for free food and accommodation. One way to travel for next to nothing is to exchange your time and effort for something in return. ...
  2. Try to find paid work as you go. ...
  3. Make use of travel networking apps. ...
  4. Avoid tourist prices. ...
  5. Choose the cheap travel methods.
Jan 24, 2023

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