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A $50,000 dollar challenge. Planning to Travel Around the World.

Updated on October 6, 2015
Lizam1 profile image

Liza is a passionate self taught creative vegetarian, vegan & gluten free cook/baker. A wine enthusiast, art therapist & entrepreneur.

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An Evolving Plan to Travel.

"Never, never, never, never give up" Winston Churchill http://thinkexist.com/quotation/never-never-never-never_give_up/15825.html

Way back when, in my late teens, I had a plan to make a trip round the world before I settled down. In those days I planned to be married only once and have six to ten (some adopted) children. I would be a writer, homemaker, cook and artist.

By twenty one I had saved 1,500 pounds stirling, a tidy sum, and planned a journey that would take me across Europe, to Inda via Afghanistan, on to Australia, Brazil and the USA before returning to London. I planned to supplement my income by writing/washing dishes and any other opportunities that presented themselves.

Persuaded by my then boyfirend (husband number 1) friends and family that my plan was not practical and way too dangerous - I settled for a year in Los Angeles. It was certainly fun and I have no regrets but I didn't give up the dream.

Just over a quarter of a century later I am planning to finally make the trip - although the itinerary is slightly altered. I will be accompanied by my two teen daughters and this time I have budgeted the trip at around $50,000.00.


Creating the Financial Freedom for Travel and other Dreams

Creating savings for travel and other dreams
Creating savings for travel and other dreams | Source

Saving and financial planning

I currently do not participate in the stock market, although there are a couple of small stocks that I am keeping an eye on, I am not anticipating a windfall, or an inheritance and although I play the lottery once in a while - that is not a great savings plan. So how am I going to to create $50,00 in just under 2 years?

As with my $10,000 challenge for travel to the UK the money has to come from additional income because there is little or no room for a huge saving plan. However, as I have just proved creating enough money for big plans is "doable" so long as I focus, and keep my eye on the goal.(http://lizam1.hubpages.com/hub/My-10-000-challenge)

Making dreams a financial reality:

  1. Create a budget sheet for every single penny that you earn and spend
  2. Itemize and elimate things that you can live without. Circle the monthly savings.
  3. Put 10% of your entire income into a savings account that is not with your current bank. ING offer a good rate for savers at a higher rate than most high street banks.
  4. Focus on how much money you will have at the end of the plan and not on how much you do not have at the moment.
  5. Create, frame and post a vision board that clearly states your goal and dream.
  6. Allow yourself to be flexible about how the end goal comes about - organic energy.
  7. Commit to creating secondary income if the 10% savings needs supplementing to make your goal a reality. For every extra or additional hour you work you are one step closer to your dream.
  8. Examine your motives for the goal or dream - is it what you really want - if it is you will be successful. If is not you will find many ways and reasons to avoid doing it. So why start? Set yourself up for success not failure.

For some ideas on secondary income or how to create savings visit http://lizam1.hubpages.com/hub/Creating-Financial-Security-in-middle-age




Preparations before you travel.

If you are planning to travel for an extended period you will still have to cover the expenses of your home unless you are planning to sell or move and store your belongings. Renting out your home may be a good option. If you are a tennant read your lease and make sure you are allowed to sublet. If you are a home owner hire a good property manager - either a professional company or someone you know who will manage and maintain and repair your property if something goes wrong. In either case a home sitter might be an option - they usually don't pay rent but will pay for water/hydro, gas and cable costs.

Travel documents and visas can sometimes take as much as six months depending on your own nationality and the place/places you are planning to visit. Create a package of notarized copies of dicuments in case anything happens to the originals before or after you leave.

Make a lost of emergency contact numbers in each of the countries and places you will be visiting for family/friends.

If you are travelling with children who will miss school enroll them in an educational program where they can contiue schooling on-line. My children will be enrolled with SIDES (see www.sides.ca)

Talk to your doctor or a local agent regarding immunizations and travel insurance for health matters.

Keep up to date with news and travel advisories regarding destinations you plan to visit.

Travel with minimal cash and ensure that where you are travelling to takes the debit/credit card you choose to use.

Research airlines/shipping routes and fares well in advance. Travelling around the world in one direction will save a lot of money. Consider a specialist travel consultant such as http://www.justfares.com/rtw/around_the_world_travel_guide/?gclid=CLzRwJno57ACFQF6hwodWFAf2Q and DO take out travel insurance.




It's Never too Late to Make the Goal to Travel a Reality

Red suitcase - heading out the door
Red suitcase - heading out the door | Source

Creating a concrete plan to do anything is of course beset my all sorts of "what if's" and "how can I's". It is part of human nature, that we create all sorts of imagined barriers to success just by our thoughts alone. Those thoughts have come from historical experiences, warnings and well intentioned messaging from others. They do have a purpose - to protect us - and on the other hand they get in the way of accomplishing dreams that end up on the "someday Isle"... .

Imagine if all the inventors in the world had stopped inventing just because the first or second or fiftieth time they tried "it" they failed.

Whether you are fifteeen, thirty, fifty or sevently five, it is never too late to accomplish and complete a dream - we may have to adapt it somehow but it deserves to live - and you deserve to live your dream. Good luck and happy travelling!

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    • teaches12345 profile image

      Dianna Mendez 4 years ago

      Well, I don't really have a bucket list, but there are a few places I would love to visit yet. You are right, it's never too late to plan and with your suggestions here, I believe I could make it still.

    • Arren123 profile image

      Arren123 4 years ago from UK

      Wow, wow and wow, I wish you all the very best in your dream to see the world and what a wonderful dream it is. Please keep us informed of how you are going, would to be interesting to see how you are going with this. Wishing you all the best, voted up :)

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      Thank you teaches 12345 - I am glad if the hub has inspired you to make some plans.

      Arren123 I will I will keep you posted through updates. How is life in London with the Olympics? We are looking forward to being there after it's all over:-)

    • Arren123 profile image

      Arren123 4 years ago from UK

      Most looking forward to the Olympics and can't wait, so excited. I don't live in London but will be in London on the 5th Aug and can't wait, it's going to be amazing :)

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      :-) enjoy!

    • greatbooksguru profile image

      greatbooksguru 4 years ago from India

      very interesting hub. As a travel maniac i have a plan to travel whole world before i breath my last. T!he information in the hub gonna help me for sure. i wil check ur other articls relating to travel. thanks

    • Redberry Sky profile image

      Redberry Sky 4 years ago

      Reading this reminds me that as a teen, I too had plans to travel the world. It never happened, but I feel motivated to get those plans going once again. Good luck with your own challenge, I hope it comes to fruition :)

    • Artsfuse profile image

      Artsfuse 4 years ago from NZ

      it all sounds good keep us posted on your travels.. Hubby and I are off to canada (we are in NZ) for a month and are doing a house swap..so that is another alternative....lots of house swap sites online....

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      Greatsbookguru glad the information is helpful.

      Redberry Sky - Great that this is motivating you to re-create your own plans

      Atrsfuse - good idea to house swap thanks for the suggestion.

    • freecampingaussie profile image

      freecampingaussie 4 years ago from Southern Spain

      It sounds awesome ! We are planning an around the world trip for next year , I did a hub about saving on accommodation as that is where a big expense is !

      I hope to spend time in Greece , would love to visit Alaska, do route 66 ....

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      Thanks freecampingaussie - I ill check out your hub about accommodation. Thanks for the heads-up. Look forward to hearing about your trip.

    • p10kabhijita profile image

      Abhijit Aswath 4 years ago from India

      Fantastic spirit. I have pretty much similar plans too. Travel, travel and travel to the exotic locations. All the best to you. :)

    • takerecess profile image

      takerecess 4 years ago from USA

      That sounds wonderful. Good job for hanging onto your dreams. I wish you luck!

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      Thanks for reading takerecess. Great name!

    • HLKeeley profile image

      HL Keeley 4 years ago from Charlotte, NC

      At 20, I have no money and these aspirations. I hope one day I will be able to. I have been two 7 countries in Europe (i'm american) and it was a blast, but not long enough (3 weeks). I printed this out and pinned to my wall as a reminder :) Thumbs up!

    • Artsfuse profile image

      Artsfuse 4 years ago from NZ

      I would like to travel to those places that aren't so popular-that are just of the tourist route..any recommendations ?

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      HLKeeley, how wonderful that you have so many years ahead of you to create dreams and travel plans of your own. Thanks for reading. If, when you start to earn you put a little of that aside you will be amazed how far you will travel.

      Artsfuse many countries that have popular tourist destinations have other areas that are not. For example Tavira in Portugal, on the Algarve is not a tourist spot but it is beautiful and some of the Algarve is not (or was not when I visited) developed. Goa, Ghana and "off the tourist path" villages in Spain and Italy are worth visiting for history and natural beauty . Hope that helps.

    • HLKeeley profile image

      HL Keeley 4 years ago from Charlotte, NC

      It does. Thank you!

    • Aki Macropoulos profile image

      Aki Macropoulos 4 years ago from Greece, Austria, Germany, Kosovo

      I had the same dream at 25 after finishing my studies. But the dream faded through life reality. Thanks to my profession I have been in lots of places and seen other cultures but I am sure it was not the same. Some how I envy you and wish luck with your plans

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      Aki thanks for commenting. It's never too late:-)

    • Ruby H Rose profile image

      Maree Michael Martin 4 years ago from Northwest Washington on an Island

      Thank you for such wonderful details on how to make this dream into a reality! It is so true, we talk ourselves out of it faster than we can dream it sometimes. Yep, this is a good one to paste on my fridge for sure!

    • starstream profile image

      Dreamer at heart 4 years ago from Northern California

      You have created an entertaining and useful hub about making dreams become reality. I wish you the best and hope to hear from you as you travel. Do share more with our writer's community.

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      Ruby H Rose glad this will make it to your fridge! Thanks for reading.

      Starstream - thank you also for commenting and I will be sure to update and post as our plans fall in to place.

    • Arren123 profile image

      Arren123 4 years ago from UK

      Any update on your saving and plans, are you still all set for 2014? 50,000 is some doing, but I do wish you all the best with it, it would be an amazing trip for you and your daughters :)

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      well if we return to the UK we figure we can make more trips for less so probably looking at revising this hub when I get it figured out. I did manage the 10K in under 6 months for our recent trip.

    • worldtravelexpert profile image

      Kirsty Stuart 4 years ago from London, UK

      What a great Hub and, more than anything, what a great plan! It's inspiring reading through what you and your daughters are about to embark on. All the very best.

    • freecampingaussie profile image

      freecampingaussie 4 years ago from Southern Spain

      We are planning on buying a campervan when we get to London early next year to do a lot of traveling in Europe ! Hope your plans go well .

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      worldtravellexpert, thanks for reading and the good wishes.

      freecampingaussie, campervan is a great idea for Europe. I hope you have a great trip.

    • TravelinJack profile image

      Jack Baumann 4 years ago from St. Louis, Missouri

      Great tips! Why can't traving just be free?!

    • profile image

      Vickiw 4 years ago

      We have travelled to many countries, and it is indeed a mind-broadening experience. I love meeting and living with local people in whatever country we happen to be. Travelling is a challenge when we are retired, and goals become more short term, but really just as exciting. We are saving on our strict budget and fixed income to go to one of our favourite islands in the world. Australia is an expensive trip!

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      Vickiw thanks for commenting. Travel $'s do seem to be a challenge at whatever stage in life we find ourselves - always so many expenses and then in retirement the ever shrinking income. Hope you make your trip!

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      TravelinJack well many things in life are worth planning for and I think part of the appreciation comes from that too.

    • profile image

      Davidwork 4 years ago

      Lizam1,

      I hope everything goes well with this for you. One thing though, you haven’t said what your “slightly altered” itinerary is…??

      A couple of things to perhaps add to your preparations list, if you haven’t already thought of them; take two cameras, and something I did on my last few trips before I was made redundant, always find out in advance where your country’s embassy or consulate is in case, goodness forbid, you run into problems.

      I absolutely love travelling. As a teenager back in the early 1970’s, I loved the Olympic Games and I was fascinated by Ancient Egypt. By the time I was a little older, I dreamed of travelling to an Olympics or Egypt one day.

      I went to the Barcelona Olympics in 1992; in some ways, it was a disaster, I had transport problems and many of my photos didn’t turn out, but in other ways it was magical, and it gave me a real hunger for more travel. I didn’t get to travel again until 2001. Since then, I’ve travelled alone. I never married nor had children, so I’ve been a sort of lone adventurer.

      Between 2003 and 2011, I had a good, well paid job, and during those years I had some wonderful trips. I went to a wonderful Olympics in Athens in 2004, I finally realised my dream to go to Egypt in 2005, (I visited the Great Pyramid on my 50th birthday) I had a magical holiday in Nice and Monaco in 2006, (I’m a big Grace Kelly fan) I was in Washington on the night Barack Obama was elected in 2008, and I had an amazing trip to Mexico in 2011.

      I’m now writing books about my solo travelling; I’ve already published one about the Barcelona trip.

      I’ve never had a plan to travel the world as such, but there are many more places I would like to see before I die. I can’t travel right now because I’ve been unemployed since 2011, but if I get back to work I’m hoping to make it to Brazil for the 2014 World Cup and Rio for the 2016 Olympics. I’ll have to try your money saving plans…

      I shall follow your travel adventures with interest.

      David

    • Lizam1 profile image
      Author

      Lizam1 4 years ago from Victoria BC

      Hi Davidwork thanks for the tips. Our slightly altered itinerary is in part travelling at least once a year to a destination point because the funds will likely take a little longer and a recent experience with friends meant that interrupting a school semester di not pan out well for their daughter. I hope you find a great job or make tons of money online to fund your travels!

    • profile image

      Patrick Do 19 months ago

      If I am correct this is a 9 month vacation? Sounds too fast in my opinion

    • Lizam1 profile image
      Author

      Lizam1 18 months ago from Victoria BC

      Well Patrick, we al have different time frames and sometimes we just have to go with the opportunity that time allows.

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