How to Quit Your Job, Go Travel, and Not Worry about Money - Generation Nomads (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 - Generation Nomads (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 - Generation Nomads (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? ›

Unless you have created something that gives you a good passive income, there will come a time during your travels when you'll have to stop somewhere to work. It's true that you can travel for a very long time on a tiny budget but unless you work, your savings will eventually disappear.

What to do if you don't like your job but need 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 to quit 9 5 and make money? ›

Alternatives to nine-to-five jobs include freelancing, owning a business and other self-employment options. If you don't want to work a nine-to-five job, it can be helpful to learn how to transition into a new job.

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 to escape the 9 5 life? ›

Here are a few key things to consider if you're wondering how to make a living not working 9-5:
  1. Start a business. Becoming your own boss is a great way to dictate your own hours. ...
  2. Become a freelancer. ...
  3. Get a remote job. ...
  4. Move abroad. ...
  5. Save money.

What not to do when quitting a job? ›

Whatever you do when you quit a job, don't:
  1. Disappear Without Telling Your Boss. ...
  2. Damage Property. ...
  3. Steal Data. ...
  4. Yell at Your Boss. ...
  5. Create a Viral Video About Why You're Quitting. ...
  6. Rant About Your Former Employer on Social Media. ...
  7. Try to Convince Other People to Quit With You.

Should I quit my job with no savings? ›

Before quitting a job — especially if you don't have another one lined up right away — it's important to create a plan for keeping yourself (and your family) afloat. There are certain living expenses you're still responsible for, after all. Building a nest egg of cash is an important part of this plan.

How to not work for the rest of your life? ›

Here, five business leaders provide five best-practice ways to divorce work from the rest of your life.
  1. Find the right balance. Sasha Jory, CIO at Hastings Direct, says success is all about finding a cadence. ...
  2. Try and be flexible. ...
  3. Help others to help themselves. ...
  4. Work somewhere you love. ...
  5. Use your experiences.
Oct 20, 2023

How do you say you left a job to travel? ›

Tell your boss in person that you are leaving your job.

During this time, you can personally thank your boss for the support they've given you in your career, for the skills you've gained, and for the good experiences you've had working at your organization.

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.

What is quiet quit? ›

Key takeaways: Quiet quitting is when employees continue to put in the minimum amount of effort to keep their jobs, but don't go the extra mile for their employer. This might mean not speaking up in meetings, not volunteering for tasks, and refusing to work overtime. It might also result in greater absenteeism.

Why work if I don't need money? ›

Work brings you respect (and self-respect): People don't always respect inherited wealth or wealth resulting from marriage, since it's not viewed as having been “earned.” It can be nice to have others respect you for earning your own money. More importantly, work can give you a sense of self-respect.

Can depression make you quit your job? ›

One major indicator that it might be time to quit your job for mental health reasons is if you're constantly feeling exhausted and burned out. Burnout, according to the APA, is a state of prolonged stress which results in physical and mental fatigue.

How can I travel if I'm broke? ›

45 Genius Travel Hacks For When You're Broke AF
  • Plan around off-peak travel times.
  • Stay in hostels.
  • Take free classes.
  • Fill up on free hostel food.
  • Venture off-the-beaten-path to save money.
  • Treasure experiences over material things.
  • Work in a hostel.
  • 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 I move out while unemployed? ›

How to move without a job
  1. Calculate your costs. ...
  2. Research the new location. ...
  3. Update your resume. ...
  4. Network in your field. ...
  5. Apply before you move. ...
  6. Volunteer. ...
  7. Join local organizations. ...
  8. Attend job fairs and networking events.
Jul 14, 2023

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

Best practice: Have at least six months of expenses saved before you make plans to quit your job. This includes business and living expenses.

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