We all know someone who is constantly traveling and exploring new places. While traveling takes money, what if you could turn your travel passion into extra income to boost your long-term savings? A side business related to travel could be the perfect way to earn a few extra hundred dollars each month.
Many travel-lovers already spend discretionary income on trips, tours, activities and more each year. Why not find a way to earn commissions or fees from booking travel for others? Some easy options include becoming an independent travel agent or tour guide, starting a travel blog or YouTube channel, or offering local area tours in your hometown.
With a travel side gig earning an average of $300/month, over 10 years that could grow to over an estimated amount of $50,000 thanks to compound interest. Stick with it for decades and you're looking at well over $350k estimated that you could save.
The beauty of a travel side business is that it plays to your existing interests and networks. You likely already know destinations, activities and insider tips that could help sell trips to others. And who wouldn't want to get paid to discuss their favorite vacation spots?
Whether booking trips for friends virtually or becoming a weekend tour guide, find a way to turn your travel passion into extra monthly income that will supercharge your long-term savings. It's the perfect side hustle for anyone who already spends on travel experiences.