{"id":3473,"date":"2019-04-19T03:59:59","date_gmt":"2019-04-19T07:59:59","guid":{"rendered":"http:\/\/www.worldbiking.info\/wordpress\/?p=3473"},"modified":"2020-01-15T11:43:13","modified_gmt":"2020-01-15T16:43:13","slug":"how-to-finance-a-bicycle-tour-around-the-world","status":"publish","type":"post","link":"http:\/\/www.worldbiking.info\/wordpress\/2019\/04\/how-to-finance-a-bicycle-tour-around-the-world\/","title":{"rendered":"How to finance a long distance bicycle tour"},"content":{"rendered":"<h2><a href=\"http:\/\/www.worldbiking.info\/wordpress\/wp-content\/uploads\/2012\/04\/436013-PEA2PV-925.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-11247 size-large\" src=\"http:\/\/www.worldbiking.info\/wordpress\/wp-content\/uploads\/2012\/04\/436013-PEA2PV-925-1024x683.jpg\" alt=\"saving money for a bicycle tour\" width=\"750\" height=\"500\" srcset=\"http:\/\/www.worldbiking.info\/wordpress\/wp-content\/uploads\/2012\/04\/436013-PEA2PV-925-1024x683.jpg 1024w, http:\/\/www.worldbiking.info\/wordpress\/wp-content\/uploads\/2012\/04\/436013-PEA2PV-925-500x334.jpg 500w, http:\/\/www.worldbiking.info\/wordpress\/wp-content\/uploads\/2012\/04\/436013-PEA2PV-925-768x513.jpg 768w, http:\/\/www.worldbiking.info\/wordpress\/wp-content\/uploads\/2012\/04\/436013-PEA2PV-925-272x182.jpg 272w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/a><\/h2>\n<h2>The question you&#8217;ve been dying to ask.<\/h2>\n<p>Almost nobody ever comes right out and asks us how we finance our round the world bicycle tour.<\/p>\n<p>But most people are curious as to how we were able to quit our jobs and became full-time cycle nomads for over a decade.<\/p>\n<p>Here\u2019s how we finance our round the world bicycle tour.\u00a0 I&#8217;ve broken it down into four easy steps.<\/p>\n<h2>#1\u00a0 The essential first step: we maximized our incomes<\/h2>\n<p>As we all know, the more money being injected into our bank accounts each month, the more potential for savings. Sometimes there&#8217;s a trade-off between a dream job that you find fulfilling and a high salary job that will allow you to top up your savings.<\/p>\n<p>In our case, optimizing our income potential meant living outside our home countries and working for ourselves.<\/p>\n<p>Had Eric stayed in France, slowly working his way up the career ladder, it is doubtful we would enjoy the financial freedom we have today.<\/p>\n<h3>Better opportunities abroad<\/h3>\n<p>As much as Eric loves France, he saw better career opportunities abroad.<\/p>\n<p>Giving up an entry-level post close to home, he hopped across the border to Germany. There he nabbed a job at an international organization and doubled his salary overnight.\u00a0 Eventually, he went freelance, another smart economic move.<\/p>\n<p>Freelance was also the direction I eventually went, training business people on how to communicate in English and teaching language courses at the local university.<\/p>\n<h3>Risks and rewards<\/h3>\n<p>While freelancing came with certain risks (no guaranteed monthly paycheck or sick pay) and extra responsibilities (we had to arrange our own health insurance and retirement plans) the rewards of freelancing (higher salaries and more flexibility) far outweighed the drawbacks.<\/p>\n<p>Of course, you don\u2019t need to move abroad and strike out as a freelancer to finance a bicycle tour around the world.<\/p>\n<p>What you may need to do is reconsider your current employment situation and decide whether it allows you to meet your financial goals. This may mean accepting a job that is less personally fulfilling but pays better. It may mean taking a second job evening or weekends. Or it may mean going abroad. Many cycle tourists that we meet worked in London before touring. They lived in a shared flat and saved as much as possible so they could set off on tour.<\/p>\n<h2>#2 \u00a0We lived below our means<\/h2>\n<p>If you continue to live like a student after you have a well paying professional job, you can save a lot of money. FAST. That&#8217;s what we did.<\/p>\n<p>All our furniture was either second-hand or free stuff we picked up off the street. Our clothing was mostly picked up at flea markets and thrift shops. We rode our bicycles almost everywhere. Eventually, we bought a cheap second-hand car because it was cheaper to drive back to France to visit the in-laws than take the train.<\/p>\n<p>Restaurants were strictly for special occasions such as birthdays and our anniversary. We took vacations, but always as backpackers, sleeping in cheap hostels and eating street food.<\/p>\n<p>Our colleagues were buying fancy SUVs and taking cruises and ski vacations.<\/p>\n<p>There\u2019s lots of info out there <a href=\"http:\/\/zenhabits.net\/the-cheapskate-guide-50-tips-for-frugal-living\/\">on how to live simply and save for the future<\/a>.\u00a0 Most of us, I\u2019m convinced, can find ways to cut back on spending without enjoying life any less.<\/p>\n<p>&nbsp;<\/p>\n<h3>Our strategy for financial freedom<\/h3>\n<p>For us, the key was to focus on our travel dreams.<\/p>\n<p>After a year backpacking through South America, we returned to Germany in 2003 with one goal: financial freedom.<\/p>\n<p>We set ourselves a goal and committed to it.<\/p>\n<p>Then we set about saving\u2014never losing sight of the adventures that lay ahead.<\/p>\n<p>An extra job walking a neighbor\u2019s dog meant one more night in a hotel each time I leashed up Fido.\u00a0 A Saturday night spent at home watching movies rather than dining out translated into an extra 3 days on the road.\u00a0 Moving into a comfortable 600 Euro ($850) a month apartment rather than a spacious 3-bedroom house with a garden meant an extra $1000 a month stashed away into the travel fund.<\/p>\n<p>Money that could have gone into furniture (all giveaways), new clothes (ours were invariably second hand), transportation (we rode our bikes to work), restaurants (we cooked at home, mostly with ingredients purchased at discount supermarkets) and fancy vacations (we always backpacked) went into saving for our future.<\/p>\n<p>During this three year period of focused economizing, we were able to put aside a fair amount of cash for the future.\u00a0 And we enjoyed life.\u00a0 Living simply in no way diminished our overall level of happiness.<\/p>\n<h2>#3\u00a0 We found a way to generate monthly income<\/h2>\n<p>If you\u2019ve got a decent job and are the owner of a brand-new Prius or a $40,000 SUV, nobody asks you how you can possibly afford such a luxury.<\/p>\n<p>Nobody questions how you managed to buy a 4-bedroom house with a big yard in the suburbs.<\/p>\n<p>And if you fork over $3,000 (+ airfare) for a packaged week-long holiday in Bali nobody bats an eye.<\/p>\n<p>That\u2019s why I continue to be shocked at the reaction I get when I tell people that Eric and I are the owners of three small apartments.<\/p>\n<p>People start looking at us like we\u2019re some kind of wealthy land barons or evil property owners. In fact, we just made different spending decisions.<\/p>\n<h3>What works for us<\/h3>\n<p>While many people choose to \u201csell everything\u201d and set off on a round-the-world bicycle tour, we didn\u2019t want to go that route.<\/p>\n<p>Being in our mid-40\u2019s, we\u2019re well aware that retirement age isn\u2019t far off in the future.\u00a0 We\u2019ve planned for that, realizing that our future employment prospects may not be as bright as they once were.<\/p>\n<p>We figured a steady stream of income would be the best way to go about sustainable travel.\u00a0 For us, that steady flow of cash into our bank account is rental income.<\/p>\n<p>And that rental income is what now keeps us afloat as we cycle around the world.\u00a0 It\u2019s not much.\u00a0 After taxes and expenses, we\u2019re left with around $600 a month. Not a <em>lot<\/em> of money.\u00a0 \u00a0But just <em>enough<\/em> money for us to cycle around the world without depleting our retirement savings.<\/p>\n<h2>#4 \u00a0We found ways to minimize our expenses on the road<\/h2>\n<p>Everybody seems to want to know how much it costs to cycle around the world.\u00a0 That\u2019s a little like asking how much it costs to rent a flat in London, go out to dinner in Paris or buy a head of cattle in Montana.<\/p>\n<p>It all depends on what you want.<\/p>\n<p>Just check out <a href=\"http:\/\/travellingtwo.com\/resources\/budget\/china-southeast-asia\">Travelling Two\u2019s new series on what cycle touring costs<\/a> and you\u2019ll get a feel for the wide range of responses.<\/p>\n<p>Those disinclined to camping, cooking and \u201croughing it\u201d could find themselves shelling out $1,000-$2,000 a month per person for a no-holds-barred comfort tour.<\/p>\n<p>Minimalists (think <a href=\"http:\/\/biciclown.com\/\">Biciclown<\/a>) can get by on less than $10 a day (possibly $5) no matter if they\u2019re touring in Japan or Jamaica.<\/p>\n<p>While our style of touring definitely falls on the budget end of the spectrum, we\u2019re hardly masochists on a <em>Tour de Souffrance.<\/em><\/p>\n<h3>Smart ways to save<\/h3>\n<p>Let\u2019s face it, cyclists really have only two things on which to spend money:\u00a0 food and accommodation.<\/p>\n<p>If you\u2019re out to cut costs, food&#8211;the touring cyclist\u2019s fuel source&#8211;is clearly off limits.\u00a0 Sure, you can stick to street stalls and self-catering and forego all the treats that make life worth living, but it still won\u2019t make much of a dent in your overall expenses.<\/p>\n<p>It\u2019s far more effective, we\u2019ve found, to tackle the cost of accommodation.<\/p>\n<h3>In the beginning<\/h3>\n<p>When our tour began back in 2006, we paid for a place to sleep almost every single night.\u00a0 Some pretty awful places in fact.\u00a0 $15 for a crappy campsite on some jam-packed Spanish beach, $10 for a filthy hotel room next to a brothel in Burkina Faso, a whopping $50 for dorm beds in a Belgian hostel.<\/p>\n<p>In retrospect, an absolute waste of money.\u00a0 Around <strong>$3,500 down the drain<\/strong> in the first twelve months of bicycle travel just for accommodation.<\/p>\n<p>Do you know how much we spent on lodging during the previous 12 months of travel?\u00a0 $600<\/p>\n<p>Not much.\u00a0 And that includes bike touring through relatively pricey places like Chile, Argentina, Taiwan, Malaysia and Canada.<\/p>\n<p>Over the years, we\u2019ve cut our accommodation costs to almost nothing.\u00a0 Here\u2019s how we keep our travel costs so low.<\/p>\n<h3>Perfecting the art of free camping<\/h3>\n<p>Once you start seriously searching for free places to pitch your tent, you\u2019ll find that it\u2019s really not that tricky.<\/p>\n<p>Just in the past month, we\u2019ve pitched our tent at Buddhist temples, mosques, police stations, and in the yard of random individuals.\u00a0 We\u2019ve also been invited in to enjoy the night at a beach resort and in a comfortable air-conditioned room at the Highway Patrol in Thailand.<\/p>\n<p>While free camping may feel awkward at first, I assure you it\u2019s loads of fun (most of the time).\u00a0 Check out this article <a href=\"http:\/\/www.worldbiking.info\/wordpress\/2011\/03\/16-creative-places-to-sleep\/\">for ideas on where to look for a safe place to sleep for free<\/a> and this article for <a href=\"http:\/\/www.worldbiking.info\/resources\/free_accommodation_bike_touring_resources.html\">more tips on free camping<\/a>.<\/p>\n<h3>We got active in Hospitality Networks<\/h3>\n<p>Finding some random place to pitch your tent is perfect when you\u2019re just passing through, but hardly practical when you want to hang around for a few days and visit a place.<\/p>\n<p>Whenever I meet fellow cyclists, I ask if they are familiar with the free hospitality networks <a href=\"http:\/\/www.couchsurfing.org\/\">Couchsurfing<\/a> and <a href=\"http:\/\/www.warmshowers.org\/\">Warm Showers<\/a>.<\/p>\n<p>While most of our fellow bicycle travelers say they are aware of these services, relatively few cyclists actually take advantage of the free hospitality.<\/p>\n<h3>The pros and cons of free hospitality<\/h3>\n<p>To date, we\u2019ve stayed with over 200 hosts from various hospitality networks.\u00a0\u00a0\u00a0 In fact, I\u2019m at the home of a Couchsurfer this very moment.<\/p>\n<p>Am I sleeping on the couch?\u00a0 Absolutely not.<\/p>\n<p>We\u2019re all set up with a private air-conditioned room with a comfortable queen-sized bed and attached bath.<\/p>\n<p>Sure, it takes time to track down available hosts.\u00a0 And there are some constraints.\u00a0 If we\u2019ve told someone we\u2019ll be in Bangkok on Tuesday, we\u2019ll have to push a little harder so we make it on time.<\/p>\n<p>At times, we sit around making small-talk with our hosts when we\u2019d much rather be washing away the grit and grime from a hard day\u2019s ride, \u00a0lunging into dinner and traipsing off to bed.<\/p>\n<p>Naturally, we all click better with some people than others and it does take effort to get to know complete strangers.<\/p>\n<p>But all in all, the rewards of hospitality networks far outweigh any negatives.\u00a0 They offer unmatched opportunities for cultural exchange <em>and<\/em> one of the easiest ways on earth to cut travel expenses.<\/p>\n<h3>Picking priorities<\/h3>\n<p>Cutting expenses really boils down to deciding what you value.\u00a0 If you enjoy the comfort and company found at guesthouses and hostels, why torture yourself by wild camping?\u00a0 If you\u2019re an enthusiastic foodie, by all means sample the best local cuisine.\u00a0 And if you\u2019re a chocolate addict, go ahead and indulge in a little bar of imported Belgian ecstasy from time to time.<\/p>\n<h3>Final verdict<\/h3>\n<p>Just keep this in mind: financing a bicycle tour is a little like losing weight.\u00a0 If you want to slim down you can either exercise more or cut calories.<\/p>\n<p>If you want to pay for a bicycle tour, you can either generate more income or cut costs.<\/p>\n<p>Or&#8211; ideally&#8211;a little of both.<\/p>\n<h2>That\u2019s it!<\/h2>\n<p>These are our 4 steps to affording a cycle tour around the world.\u00a0 As you can see, there\u2019s nothing very mysterious about it.<\/p>\n<p>I firmly believe that most people\u2019s bicycle touring dreams are within grasp.<\/p>\n<p>Of course, there will be risks attached.\u00a0 And you may have to give up some treasured sources of security along the way.<\/p>\n<p>But if there\u2019s one thing I\u2019ve learned over these past six years, it\u2019s that there\u2019s something magical about bicycle touring.\u00a0 The very act of setting off into the great big world on a humble bicycle brings with it a state of grace.\u00a0 Once you begin pedaling, the universe is suddenly on your side everything seems to turn out right.<\/p>\n<p>In the end, that is!<\/p>\n<h4>How do you finance your bicycle tour? \u00a0Please share in the comments section below.<\/h4>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The question you&#8217;ve been dying to ask. Almost nobody ever comes right out and asks us how we finance our round the world bicycle tour. But most people are curious as to how we were able to quit our jobs<\/p>\n","protected":false},"author":1,"featured_media":11247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[311,26],"tags":[81],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to finance a long distance bicycle tour - Worldbiking.info<\/title>\n<meta name=\"description\" content=\"Tips on how to save for a round the world bicycle tour.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.worldbiking.info\/wordpress\/2019\/04\/how-to-finance-a-bicycle-tour-around-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to finance a long distance bicycle tour - 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