Travel but don’t get broke

Travel but don’t get broke

Guys, let’s face it. We cannot go completely broke just to travel. You might say that’s OK since you are still young, YOLO, “you can always make money but not memories” or for some… the “I’m rich, I have money… I’ll travel and you don’t care!” Geez.

Well, I do agree with you completely that you should travel while you are still young and up to the point when you can no longer physically can, but there are limitations to everything. Travelling is a fulfilling and enjoying experience, but being broke isn’t. Let me tell you why.

Reality bites

People, we do not live in a fantasy land where every waking moment of your life is just full bliss. You have responsibilities whether you like it or not, be it in the present or in the future.

Face the challenges instead of staying away from it. I know some people who travel to escape because they don’t like their job or have love problems or worse (and this is really the worst scenario) they live in poverty! And I don’t mean that people who have less money cannot travel (they sure can as long as it is within their budget and plans), but what I meant are those people who travels just to brag when in reality, they have truckload of debts to friends, families and banks.

The solution is really simple. If you cannot afford it, then don’t buy it. If you want to afford it, then work hard and smart for it. And you don’t have to spend a lot for travel anyways. I suppose you heard of the term backpacking already right? Always set a strict budget on your travels.

Reality bites

One of my favorite movies ever 😀
Picture from ironyca.wordpress.com

Balance is Key

Every now and then I see some travellers travelling almost like, every weekend. Not that it’s a bad thing, but when I see a comment like ‘I’m still young so I’ll just spend most (if not all) my money on the things I want (like travel)…’ It kinda irks me.

For me, balance to everything is still the key. Yes, you’re young and you have to enjoy life to the fullest but you must also think of the other opportunities and experiences you may be missing. Balance your studies, work, family, friends, investments, business alongside your travels and I’m sure you’d be more productive and will learn a lot in life. And besides, too much of everything is bad. Believe me, you’ll appreciate travelling more when you miss it.

San Juan Siquijor

San Juan beach Siquijor

Prepare for the future

Someone commented in my Rappler article here that he’d rather invest his P33,000 in stocks than travel. Well, sure you can do that and I advise you to do so especially if you don’t have any investments yet (but ideally, you should have emergency fund first before investing in the stock market). But just the same, life is not just about money. You must enjoy the fruits of your labor too. That’s why (and I will reiterate) that balance is key to everything (see number 2). What’s the point of being rich when you don’t enjoy life?

All that being said, one must prepare for his/her future. You definitely must. How? Start with the easiest… Emergency fund (6 months worth of your monthly expenses), then life insurance (VULs are ok), then mutual funds then direct investments in the stock market. Or you can start up a small business, start a blog, rent out your space, anything that appreciates in time and can give you income. Great things start from small beginnings. Easier said than done you say? Opening a mutual fund account only requires a minimum of P5,000 to P10,000 of investment and a minimum of P1,000 for additional fund.

Maybe you won’t feel the benefits now, but I’m sure in the future you’ll begin to.

Best decision

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Save on your hotel - www.hotelscombined.com

Being broke sucks

Looking at your empty bank account and wallet in dismay is heartbreaking. Don’t let financial troubles get to you especially if debts are starting to pile up.

Take control of your finances now! If you are going to travel long term, make sure you have a definite plan how to sustain it and make money even while on the road. Isn’t it better if you have steady stream of income rather than wondering where to get money to pay for your food and bills? Sure, you can enjoy free stuffs like couch surfing, house sitting and hitch hiking but it’s still better if you have enough income and money with you.

Korean Folk Village Prison

Wifey begging for food inside the KFV prison. Ain’t giving her any. joke!

Travel to enjoy

Travelling is meant to be enjoyed. Let’s admit it, if you’re broke, you can’t enjoy travelling that much. You still need money even if you’re a super budget backpacker. Plane fares alone and visa fees will already set you back some cash, so how much more if you’re travelling long term? Not all people have the courage to travel with no or little money. I know some are doing this and they are really inspiring but it’s not for everyone.

What you can do is simply avoid being broke and invest and save for your travels then enjoy it. Just like from the famous lines of Joey de Leon, Trabaho Ipon Travel Enjoy or in short – T.I.T.E. 😀

Wat Saket

Going a lil bit crazy in Wat Saket

Travel at your own pace and don’t be envious of your friends who travel frequently (especially those who travels luxuriously). You’ll get there one step at a time, just focus on your priorities first and remember that travelling is not a competition. We travel because we want to enjoy life to the fullest, not brag about it.

 

 

He is a programmer by profession but has a soul of a traveler. Aside from his ultimate dream of travelling around the world, he loves to eat, drink, listen to music, talk about aliens and the occasional secret guilty pleasure of singing love songs in videoke. His favorite superpower is to teleport from one place to another. I guess you know why.