Buy a House and Travelling: How to Have Both
Ana Margarita Olar | Pinoytrekker.com
Long ago, buying a place to call your own was every body’s dream. Work yourself to death. Save everything so that you can buy a house.
Nowadays, employed adults put off buying a house in exchange for travelling.
But they face serious consequences. After the travel, they go broke. For some, it was worth it. But for others, it is a waste of time and money. But what if you can have both?
How can you acquire a property and finance your travel at the same time?
KNOW YOUR PURPOSE AND STICK TO IT
Stick to your goal. You want to own a house and save up for travelling. How? Choose a house that suits you and will also suit potential renters. YES. Talk to potential clients and what would they want in a house. You can also ask how much they are willing to pay monthly for it.
Then look for a property that meets these criteria. First, the proposed rent should cover your mortgage payments for the house. The property should appeal to your potential client. And of course, it should also appeal to you.
DISCOVER WAYS TO EARN WHILE TRAVELLING
Having a regular job or business can cover your travelling expenses. But it would be nice when you can earn while you enjoy your travel.
You can find freelance jobs, perform on streets, and be a guest lecturer. Some jobs may need some guts but you if you’re focused, you can do whatever it takes.
FIND A JOB WHICH REQUIRES TRAVELLING
And still, if you are a little more enthusiastic, you can look for a job which requires you to travel. In this way, you earn, you travel, and you enjoy all at the same time!
Find out which of these jobs suits you: archaeologist, consultant, au pair, wedding photographer, cruise line worker. Still, other options include event coordinator, flight attendant, international tour guide, network marketer, and Peace Corps volunteer.
CHANGE THE WAY YOU TRAVEL
If you are a homeowner, you’ll need to cut back a little on your travelling expenses. Choose hostels instead of hotels. Cut back on your souvenir shopping.
Try a backpacking trip rather than luxurious travelling.
Whether you own a house, whether you love to travel, the emergency happens. What if your renter cannot pay on time? You should have enough amount of money on your bank account to cover it. What if there are things to fix on your house. You should save some money for it.
Lastly, you can limit your expenses and luxury, but who says you have to limit your dream? If you want it, act on it. Don’t wait for the right place and time. Decide your right place and your right time.