How do you make money and travel abroad? You get to observe new cultures, meet friendly people and of course, sample tasty foods. But like anything worth doing, traveling is expensive, and you need a way to fund your expeditions. Fortunately, you can make money when out of the country if you aren’t paid for your time. 

Make Money Renting Out Your Home

As a homeowner, your house is your special place. However, you will probably pay a mortgage for the privilege. And a mortgage is expensive, at the same time being a burden since you can lose your home if you don’t pay it. Fortunately, you can make money from your house while you are away. For example, you can rent property on sites such as Airbnb, or you can get a free rental analysis to find out what you could potentially earn. This way, you keep money coming in for your mortgage while making a little extra to support your extended vacation or time abroad.


Charge for Your Vehicles

Like real estate, you can allow others to use your cars or other vehicles you own. Unless you take an extensive road trip, you probably have one or more vehicles sitting around unused. And like your home, you might still have to pay for them although you aren’t actively using them. Sites like Turo offer car listing services, so you can easily rent out your car when you aren’t using it. And you can make some good money doing this. You can expect around $10,000 per car annually in the US market, which should be enough for accommodation.

what to consider if you want to work from home - Tiffany Nicole Forever Blog


Freelance

Each year since 2019, there has been a 1% rise in the number of freelance online workers. While it’s not a massive figure, it shows there is a growing market. One of the reasons the number is so tiny is that freelance work that pays a significant amount can be hard to find. However, there are benefits to freelancing. For instance, you are your own boss, but you need discipline. Second, you typically undertake passionate work or enjoy, which is hard to find in the employment sector. Also, you can usually work hours that suit your lifestyle.


Outsource Critical Tasks

You may operate a business you own. But being out of the country means you can’t be as hands-on as you need to be. Therefore, you can outsource specific tasks to third parties. For instance, online security concerns are genuine in the modern world, and managed IT services can help you with any contingencies you must make. Further, core jobs like call answering services, administration, legal, and accounting are highly sought after outsourced tasks. They form a significant part of any business, and all these critical tasks can be handled by others.


Sell What You Don’t Need

When out of the country, there are things you own that you probably don’t need. Perishables are a great example. However, it’s best to donate these rather than sell them. But you can make money from other items of value. For instance, you may grow out of clothing when you are away for an extended period. Or fashions will change. So, you can list valuable clothing on sites like eBay, Amazon, and Vinted. Additionally, you should consider canceling subscriptions that will just cost money, such as digital TV, Netflix, and print media.


Sell Digital Assets

If you enjoy freelance online work, or you’re any kind of digital nomad, you’re likely adept at creating digital assets. Digital assets include artwork, literature, and music. In fact, it can mean anything created electronically. However, you may not know you can make a lot of money from your digital creations using non-fungible tokens. NFTs are a way to transfer ownership of a one-of-a-kind digital asset using blockchain technology. If you are exceptionally skilled, such as a gifted artist using Photoshop for your creations, you can make excellent money selling NFTs.