Long term travel without being wealthy - how is it possible?

I have done a 25 months trip (Around the world but mostly in South East Asia) and a 22 months one (Latin America). I spent about 22,000 Euros each which I saved before or between the trips.

Important points:

I did not have any regular expenses back home, no health insurance, mortgage, storage fees, family. But I also did not have any income either.

I do not travel as cheap as possible. I use public transport, stay in dorms in good hostels (not the cheapest one, no couch surfing), but also in hotel rooms that are one or two levels up from the cheapest in town. I always eat out to taste the local food. Many backpackers cook for themselves to save money.

I don't take taxis, just public transport but mostly I walk, so make sure you can carry your backpack for 10 miles or more.

Many people take night buses or night trains so they don't have to pay for accommodation. I like to see the country I am visiting so don't travel in the dark unless there is absolutely no other option.

I've met many people who spent half their budget on booze and going out. I do that sometimes but not that often. Long term travelling is different from vacation.

When not travelling I try to live cheaply and save the money I make for the next trip. On two occasions I made enough money in 12 months to travel for 24 months afterwards.

I never worked for money. Sometimes I fix computers or networks at hostels, especially removing viruses and get a free night in exchange. This only works if you can convince the owner that an infected computer is actually a problem.

So my point is, it doesn't have to be the absolutely cheapest way to travel. In the end it all depends on how much money you can save before.

Well they travel as cheaply as possible. There are lots of tricks and lots of levels.

No matter how cheaply you do it you always meet people in comparison to whom your expenses seem ridiculously extravagant!

The main three factors in a trip are 1) accommodation 2) transport 3) food

You can save on all these at multiple levels depending on your sense of adventure and your comfort level.

1. Cheap accommodation: camping
2. Cheap transport: hitchhiking
3. Cheap food: cook for yourself

Being able to get work in at least some places on your trip can also be a big help. Even work in exchange for food or accommodation rather than being paid.

There are literally thousands of tips to keep things cheap for different things in different situations in different places of different countries so these are just some examples. Please ask more specific questions and we can give you more specific answers.

(I've been on many long trips in the past twenty years and usually on a lower budget each time, but I've never lasted more than one year so far)

As was said before, the main sources of costs are accommodation, transport and food.

What I want to add for accommodation: There are several hospitality services. Essentially, these are social networks using which people offer places to stay, all around the globe. The most popular I'm aware of are Couchsurfing, Hospitality Club and be welcome.

Didn't experience it myself, but apart from that travellers told me that in many countries people are so welcome that they would just invite you to stay with them once you get in touch with them in the street.

For transport, I met many people who were using alternate means of getting around. Apart from hitchhiking, that is mainly using the strength of your body, i.e., riding a bike or just walking. Admittedly, not everybody's cup of tea, but cheap it is.

For food ... particularly when you are using on of the aforementioned hospitality services, you will often be invited for lunch by your hosts. Otherwise, buying stuff on the budget and preparing it yourself will definitely contribute to saving money as well.

Looking at the other side of the income-expense equation of traveling there are many ways to make income while you travel. I make more than I spend per day by running my business remotely via skype and email. I have met other travelers who can cover their travel costs indefinitely by travel writing, selling photos, teaching English, doing import-export of local handy crafts or working in local tourism businesses.

Even if you don't make enough to completely cover all your expenses it can let you travel for longer than you could just on savings. Some of the travelers I have met work 8-16 hours per week to cover the week's expenses because they are paying expenses in a low cost country like Peru and earning money remotely in a high pay/high expense country like the US or Europe.

Another approach is the "4 hour work week" (Tim Ferris) one of working for a few months then taking a 3 month mini-retirement of traveling. Rinse and repeat indefinitely. His book and website also have lots of info on starting your own online business or negotiating to work remotely. I have met some Australian miners who earn enough in a year to travel for two years without working. I have also read of some miners in Australia who work 14 days straight and then take off 14 days living in Bali and traveling in SE Asia - again they do this indefinitely.

For me it works quite well to try to estimate a daily budget for a given country/region. Of course you will spend more in cities than trekking in wilderness, but still the average gives a decent indication. Then you obviously multiply the daily budget times the number of days and you are done.

The easiest way to get a daily budget is to find it in a guide book. E.g. in (most) Lonely Planet guides, at the beginning you have a small section "Costs and Money" in "Getting Started" where they discuss exactly this thing (depending on your preferences).

Alternatively you might try to google people's detailed travel reports. These are usually fairly boring things, detailing every single thing they did and every penny they spent - but you can take a look at summary and see how much they have spent.

And of course you can do it the hard way - go through the guide book, estimate average hotel price, food prices, all the other prices etc.

It is much easier than trying to estimate the cost for the whole trip at one - especially if you don't want to plan it all ahead!

This has been reduced to an art form by Paul TerHorst and his wife Vicki.

Worldy Philosophers . . .

I would recommend any of their books and articles.

Also "The Investment Biker" by Jim Rogers, who took his girlfriends (one of whom became his wife) around the world on a motorcycle. Except that he's wealthy.

I just wanted to add the work for food and shelter method, briefly touched by some people in the thread.

I was in Australia and really angry with the high cost of everything and found out about WWOOFers.

Since then I use it all the time!

Every case of people there is different and you might even ending up with a "real" job if that is what you look for.

Endless possibilities!

How to do it? Probably almost as many possible answers as there are travelers. My approach may not work for others, or they may find it distasteful:

1. Pay off all debts including late wife's medical bills.
2. Get rid of TV and car; learn to bicycle or walk everywhere. (Bus/train/car rental/plane only when time is a problem.)
3. Get medical care from the U.S. Veteran's Administration instead of expensive insurance.
4. As soon as children are on their own, retire, sell the house, and hit the road.
5. Avoid hotels and expensive cities.
6. Stay long enough in one place to rent a room or a tiny apartment instead of by-the-night costs.

This allowed me to relocate eleven times, plus six two-to-ten-day visits to other places. Spent about US$ 31,000 (including gifts/meals for other people) so far—603 days. This was Social Security and pensions.

Great question and answers. In terms of accommodation, I didn't see house/pet sitting option listed yet. It may be a new(wer) thing since the question was posted. There are several sites where you pay an annual fee and have access to housesits all over the world. The owners of the home leave to travel themselves and sometimes even leave a car. You have a profile, send them a message indicating your interest in their sit and from there they may schedule a brief Skype chat to make sure you're not psycho and it's confirmed from there.

The sits range in: 1. amount of time-from a weekend to a year 2. intensity-no pets to several animals. Walking dogs can take up a chunk of your day depending on the area. Cats and fish are obviously easier.

You have the ability to explore a more expensive city this way and only have to still pay for food and transportation. You usually have all of the comforts of a home with none of the expenses (if it's a vacation property they want someone to look after, sometimes they ask you to pay the bills you incur. That's very rare). Also WIFI, a T.V., you have a kitchen and can cook as much as you want, and access to a clothes washer in most cases. And sometimes friendly neighbors willing to share a pint.

I'm happy to answer any questions about being a traveling housesitter.

My answer might be treated as humorous but like a half-full half-empty glass there is a grain of seriousness.

Rule #1: If you have money then spend it wisely.

Of course if you don't have any funds it's a bit more difficult to travel but if you throw money away that doesn't help either.

A very good example of what should be avoided (I do apologise to @a-prithviraj for using him as an example): https://travel.stackexchange.com/a/2470/42483

P.S. But mostly people either work hard and save before they travel or they work during their travels (the most popular ways of earning are usually: blog/vlog, other income by using the Internet, teaching English in local schools/universities).

2P.S. And again traveling to cheap-to-live-in countries helps. If you have £2000 on your bank account and decide to visit London, that will disappear in a month or less, whereas in a country like Belarus (naming it because some of my relatives are from there) you can be a king with those £2000 and they will definitely last you for 3-6 months (considering you apply the #1 rule).