How to Afford to Travel Full Time and Own a Home When You’re Living in Poverty
Many people are under the impression that owning a home and getting to see the world is out of their reach. Other individuals often have to choose between becoming homeowners and being world travelers. However, the truth is that when done correctly, anyone can do both—regardless of what their financial situations may be. Read on to learn how you too can be jetsetting homeowner while earning a lower income.
1. Find the Right Lender for Your Home
If you’re living in poverty, you may wonder how you’ll ever be able to afford a home. However, your current finances needn’t stand in the way of you becoming a homeowner. Programs like Chenoa Fund offer future homeowners with lower incomes affordable mortgages that will allow them to purchase a home.
Affordable housing programs like Chenoa Fund increases affordable homeownership options for individuals with lower incomes. By partnering with quality lenders, Chenoa Fund makes homeownership a reality for creditworthy individuals.
2. Make Money with Your New Property
After you’ve closed on your new home, you can start making strides in your travel plans. Consider renting out your home while you go on your next adventure. As you rent out your home or a few rooms during your time away, you’ll be able to earn money to support your travels. Additionally, you can also save more money by traveling to a country where the cost of living is cheaper.
3. Save Money with Travel Expenses
When traveling, many people don’t realize how much money they can save when purchasing their tickets. Typically, tickets are the least expensive when purchased months in advance and purchased to and from the most popular airports. Additionally, flights that are purchased on Tuesdays are often cheaper than any other day of the week.
Another way to travel on a shoestring budget is to search for flights anonymously online. When in incognito mode on your browser of choice, you’ll find that you will see the lowest available flights as your location will be turned off and your personal information will remain undisclosed. While prices vary based on whether the flight is domestic, international, a one-way, or a round trip, many of these flights are often as low as $30 – $100.
4. Make Traveling Your Career
Working for an airline as a pilot, flight attendant, or airport employee makes traveling the world that much easier. While all of the aforementioned positions do receive perks when it comes to flying, pilots and flight attendants really do travel the world on a daily basis. Though a majority of their time is spent in the air, these individuals are able to touch down in new cities several times a week.
5. Earn Money as a Freelancer or Independent Contractor
Freelance jobs make it easy to work from home or anywhere in the world. This freedom to work remotely will allow you to earn a living while seeing your favorite countries. The most travel-friendly freelancing positions include working online as a teacher or tutor or becoming a travel blogger, as well as working as a photographer, designer, or web developer.
Don’t let your lifelong dreams pass you by because of your current financial situation. As you work to become more financially savvy, you’ll find that you don’t have to put your dreams on hold. Keep these strategies in mind as you create the life you’ve always dreamed of.