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NOW ONSo, in order to take a year off and travel, there's a few things you need to understand. First off, I've kind of abbreviated everything by N-S-P. The first part of this is needs. You need to know what your needs are. There's 2 components of this, okay? You need to know your needs in terms of money and you need to know your needs in terms of time.
Needs in terms of money. We can look at a few things to determine what's your needs. First off, to even get anywhere in the world, it depends on where you're going to start. If you're taking a year off to travel, you could be starting at your own doorstep, okay? So, you could just say I am starting wherever I live. And I'm just going to drive off and do whatever, okay? That's great. That means it'll cost you nothing.
Now, when you're traveling, here are some rules of thumb to use. And just to give you my experience, I took a year off, I think it was my junior or my senior year to just travel. And what I did was I traveled a bit of the world. I traveled all around Asia. Southeast Asia mainly. And there have been multiple points in my career where I've taken months off at a time to just travel.
Now, let's talk about your needs in terms of time. Now, your needs in terms of time can play a crucial role. For some of you, you may just want to take a year off. You don't want to do any work whatsoever. You don't want to do anything to make a dollar, okay? You don't care about money at all. But some of you may have businesses where you can freelance so you can contribute or you can do something with your work while you're out there.
The third step is to plan. And this is the most exciting part obviously. You know, once you have saved up the money and you've reduced the amount of time you need to spend and if you're not an entrepreneur, a freelancer or if you were just like, "I'm out", you get to plan.
Q: What is the first step for determining your needs for traveling?
A: The first step for determining your needs for traveling is understanding your needs in terms of money and time.
Q: How can you determine your needs in terms of money for traveling?
A: You can look at various factors such as your starting point, travel destination, and travel duration to determine your needs in terms of money.
Q: What are some rules of thumb for budgeting for different travel scenarios?
A: Some rules of thumb for budgeting include considering your travel experience and destinations, planning for accomodation, transportation, and daily expenses.
Q: How can you balance work and travel while taking time off?
A: You can consider freelancing or finding ways to work remotely to balance work and travel, depending on your personal situation and goals.
Q: What is the third step in planning your travel adventure?
A: The third step in planning your travel adventure is to actually plan your trip, including choosing destinations, making arrangements, and preparing for the journey.