Get rich and travel…can we have it all?

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These two women inspire me equally, Gail Vaz-Oxlade and Samantha Brown.
These two women inspire me equally, Gail Vaz-Oxlade and Samantha Brown.

I am constantly torn between my life goals. I want to travel and live a life rich in experiences while at the same time building financial wealth. For the last decade this has meant two year stints of working full time jobs, saving hard and buying investment properties, split up by long periods of travel – usually at least six months at a time.

Now I am a mother, financial security is even more important. If anything happens to me, my husband or if my child is ill, I want to know we can access the best care available and that means having the right travel insurance and funds available. The public health service in New Zealand is wonderful, however we can’t count on getting the same help when we are travelling and odds are we would want to come home if we needed medical treatment. I’m worried we haven’t saved enough, and as we decided to bring the trip forward a year our savings goal went out the window.

With 5 weeks left until we embark on our next adventure I am having buyer’s remorse. A part of me is a bit resentful that our usually achievable financial goals are being pushed aside for this trip to Mexico and Guatemala. Meanwhile I sit around wasting valuable packing time furiously browsing the real estate websites for good deals knowing no bank would touch us with a barge pole during our (apparently self- indulgent – well that’s how I am gauging the reaction when I tell people what we are doing) year off.

Here is my dilemma – firstly, I want to be financially secure by 40 years old. To me that means completely mortgage free on my own home (which we could then rent out as a holiday rental while we were travelling) and with ten good investment properties under our belts. We currently own three, so will need to purchase one every 15 months or so after we return from this trip next year. With interest rates rising that is not a simple task. On the other hand, I want to travel long term, live in new cities and experience day to day life as much as a foreigner can.

Finding ways to realise these two dreams simultaneously is difficult as I don’t have a portable job (yet – I am working on it though) and my husband (a tradesman) certainly doesn’t. That means we need to find work while we are travelling. The only way to make enough to survive seems to be Teaching English. I am currently studying for a graduate business qualification in the hope that I can return to the corporate world if I need to. But ideally, I will use it to get a TEFL job teaching Business English. I will be studying on the road, sitting exams overseas and reading textbooks on flights and bus rides.

I read a lot of travel blogs by people that have portable jobs – graphic design, writing, programming – and I must admit to being a little envious of people are able to earn a decent income whilst living the slow travel lifestyle. I hope that eventually I can become one of the lucky ones but in the meantime I will stick to what I know.

This week I am trying to focus on the massive ‘To Do’ list – which includes my least favourite thing in the world – complete Tax Return, as well as the heavy-going Will-writing that we have put off since Dylan was born. I feel tired already!

My ever growing To Do list!
My ever growing To Do list!

Image of Gail Vaz Oxlade from 983 Fly Fm, image of Samantha Brown from Embassy Suites

Emma

Emma

I'm a mum on a mission to achieve financial freedom and have fun with my family along the way. You can find out more here.

2 thoughts on “Get rich and travel…can we have it all?”

  1. Ohhh how I feel you on this. I have no desire to travel full time (we did a 6m RTW trip last year and it was amazing, but full on nomadism isn’t for us). I would love to travel 2-3 months out of the year. But I also have no desire to be self employed, my husband like yours isn’t in a field that lends itself to location independence, financial security is important to me and we both want a house, kids and dog.

    • Having a happy husband is really important. My husbands work makes him happy, but he is a niche tradesman and in Mexico there is no way he could get a work visa or if he could, the wages would be a shock compared to what he is used to. So he is now the primary caregiver for our son while I work and study. It’s looking like a return to work is on the cards for him next year, which is fine because it means I can still work from home and visit family and friends in other cities / countries when I want to. Plus you really miss that weekly pay check once it’s gone.

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