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How Much Money Should You Save Before Traveling The World? | YouTube Live Q&A

I would recommend saving up …

PRAGUE, Czech Republic- The Monday YouTube Q&A session went well. We had a nice crowd who asked some pretty intriguing questions, the leading ones being:

  • How much money should I have before I hit the road again?
  • Why, how, where did you choose “Ghost Cities” as your topic to write about in your first book?
  • What sort of experiences do you think allowed you to cultivate the skill of “asking questions” and interviewing people?
Watch here:

While I’m in Prague I will be doing these live Q&A shows every Monday at 10am USA eastern time on my YouTube channel. If you have questions for next week’s show, feel free to ask via the comments below or join me for the live broadcast and ask then.

Walk Slow,

Wade

Filed under: Money, Travel Help, Vlog

About the Author:

Wade Shepard is the founder and editor of Vagabond Journey. He has been traveling the world since 1999, through 89 countries. He is the author of the book, Ghost Cities of China, and contributes to The Guardian, Forbes, Bloomberg, The Diplomat, the South China Morning Post, and other publications. has written 3465 posts on Vagabond Journey. Contact the author.

Support Wade Shepard’s writing on this blog (please help):

Wade Shepard is currently in: Prague, Czech Republic

10 comments… add one

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  • Jack March 6, 2019, 11:04 am

    Yeah, ten grand sounds about right. Then you can chill out for a while and then find work on the road as needed.

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    • Wade Shepard March 6, 2019, 11:11 am

      Right on. You can always add to the coffers when traveling. Just always be on the lookout for opportunities.

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  • Wendy March 6, 2019, 1:53 pm

    I don’t know if I would feel comfortable with that little amount of money. Then again, I like to ENJOY my travels and not just try to save money all the time. Also, who wants to work when traveling!?! Sounds dumb. Travel just be for fun, not work!

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    • Wade Shepard March 6, 2019, 2:05 pm

      But working on the road can be fun too — and educational. Traveling just to travel, while it sounds fun, tends to get a little boring after a few months. People need to DO things.

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  • Georgiy Romanov March 6, 2019, 6:33 pm

    Wade, from the height of your experience please help me with my strategy. In conditions of limited resources, what would you be the first to invest your money: in a trip, in a camera gear or computer. Now, what I want most is a faster computer for convenient video editing. However, when I hold $ 1,000 I present new tickets in my hands, not a new computer.

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    • Wade Shepard March 7, 2019, 9:02 am

      Hello Georgiy, Excellent question. I will answer it in the next live Q&A on Monday but will also give a quick answer now.

      Basically, you need to decide what your goals are. Do you want to just travel for fun or do you want to be a traveling content creator who is eventually able to fund a portion of their travels with the content they collect and distribute? If it’s the former then, of course, just go travel. But if it’s the latter not having proper gear is going to make everything way more difficult — and in some cases impossible. You’re going to miss opportunities, the quality of your product is going to be less than what it otherwise could be, etc. I mean, it’s a business, and all businesses demand some degree of investment in equipment, training, etc, so having at least a baseline of adequate gear is essential — i.e. a computer with 16 gigs of RAM and a decent processor, a decent camera (at least a GH4, Sony a6400, a6500, or A7iii, or BMPCC, and a GOOD MIC!!!!!!!!!). The other side is that it is incredibly difficult making any money as a traveling creator even with all of the best gear … so keep that in mind, too. There is nothing wrong with just traveling for fun. Being a traveling creator means that you spend 10+ hours a day working. Few people really want to do this and there’s nothing wrong with that.

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  • trevor March 7, 2019, 9:10 pm

    Am sure the Q “”Why, how, where did you choose “Ghost Cities” as your topic to write about in your first book?”” is a far better one than mine…

    how come ur last posts dont appear of the HOME PAGE? When i hit the VBJ logo the first feed is the LIVE YOU TUBE: Is the world….. feed from days ago ????

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    • Wade Shepard March 8, 2019, 11:10 am

      Hello Trevor, no way, man, your question was the lead! Try refreshing the page in your browser (shift+refresh buttoon).

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      • Trevor March 10, 2019, 9:04 am

        cleared history. fixed the issue…. ))) i google too much lol

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        • Wade Shepard March 10, 2019, 12:25 pm

          Yeah, those browser caches are annoying. I don’t understand why they don’t check to see if the page has been updated before giving what’s essentially an expired screenshot.

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