![]() I even secretly started a second travel blog in March 2023 (anonymously, so that I couldn’t use my existing audience to jump-start its success) and it’s already making money, less than two months after launching it. It’s one that’s based around what will give you the best chances of success in the present day.īecause I’ve been mentoring a dozen brand new travel bloggers over the past two years, helping them get set up and find financial success in lighting-fast time. In a space as crowded as the travel blogging world, you need to stand out and that’s why my guide is the one you should follow. You don’t need to do what everyone else is doing - in fact, I recommend actively avoiding it. And that being creative doesn’t have to mean being broke. I want to show that you can build a six figure business - quickly and without selling out. So much of the information was outdated and wrong! And so, I want to write an article about how you can actually start a travel blog. There are approximately seventeen bajillion articles describing how to start a travel blog in 2023, so I hesitated throwing my take into the mix for many years because of it. After reading several of these articles and cringing my way through them, though, I couldn’t hold back. So yeah, I’d say starting a travel blog was the best decision I’ve made. I even found my boyfriend of 10+ years through this travel blog! It’s taught me dozens of new skills and taken me to over a hundred countries. Running Never Ending Footsteps has led to life-changing friendships with some of the most fascinating and inspirational people I’ve ever met. I want to cry when I think about it.īut you know what? Success to me isn’t just about the money, the book deal, and the media mentions. That’s 12 years of travel paid for entirely through this travel blog. Guys, I’ve now been travelling full-time for twelve. I’d just graduated from college with a physics degree and was fully intending to throw myself into a career in particle physics - that is, after I took a year-long round-the-world trip. (In 2023, I average about three hours of work a day).Īnd yet, before starting Never Ending Footsteps, I had zero writing experience, had no idea how to run a website, didn’t really know what a blog was, and had never heard of WordPress. And I make a comfortable six figures each year in entirely passive income, meaning the money comes in whether I’m working or not. ![]() I’ve been interviewed on the radio in front of an audience of 1.6 million listeners. I’ve been featured in large publications, like the Wall Street Journal, the Independent, and the BBC. Through this site, I’ve funded 12 years of full-time travel and gained a book deal for my travel memoir, along with a big New York City agent. You sold a small terraced house in central London.Starting a travel blog is the best decision I’ve ever made.You married someone who owned a large terraced house then you got divorced.Maybe you invested your way to a million?.So how much interest do you earn on your million pounds? Let’s assume you found a bank you could trust with your million pounds, and you tucked the £1 million away.Įarnings on a million pounds if kept in cash savings The factors that will determine how much you will earn on your million pounds are: Remember: Due to the bank runs that started with Northern Rock, it’s better to have several bank accounts, each with no more than the guaranteed £85,000 compensation scheme limit in the UK.How long you save it for without withdrawing any money.Whether you are paid interest daily, monthly or annually.The higher the interest rate, the more your £1,000,000 will earn you in a year:.A 4% interest rate paid annually will earn you £40,742.A 6% interest rate paid annually will earn you £61,678.Over one year, the maths is not surprising. How long will you wait before withdrawing any money? Keep your million safe and untouched for 30 years though and even a 2% difference will have a huge consequences, as we’ll see below. The longer you leave your million untouched, the more money you’ll have at the end. This is due to compound interest, which really increases over long periods of time.Compound interest means you get interest on your interest.How often is the interest worked out and paid? The longer you leave your money untouched, the more the interest rolls up and grows, as you get interest on the original interest, and then interest on the interest ON the original interest, and so on. The interest due on your headline annual interest rate of, say, 4%, can be calculated and paid by your bank on a daily, monthly or annual basis.
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