The Young Professional's Guide to A Year Off

Helping young professionals plan a sabbatical, career break, or gap year to travel the world for a year.

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Tag: Personal Finance

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The 7 Financial Steps to a Year Off

Posted on November 20, 2018May 29, 2019 by nick@ypyearoff.com

There are many steps you need to take before embarking on your year-long journey around the world. You need to work out a leave of absence from work, travel vaccines and insurance, store your material possessions, and figure out where to travel. But the most important steps you need to take are arguably the financial…

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The Year Off Financial Risks (and how to avoid them)

Posted on October 12, 2018July 4, 2019 by nick@ypyearoff.com

A Year Off comes with some financial risks, but through proper preparation, I believe you can lower these risks. Bankruptcy is the worst case scenario, but I believe it falls under the group of things that probably will not happen while on a career break. Despite this fact, I think it’s important to think about…

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The 5 Small Steps to Start Your Year Off Planning

Posted on October 3, 2018May 29, 2019 by nick@ypyearoff.com

Preparing for a Year Off is no easy task. It requires drastic life changes and years of saving money. You need to master the art of delayed gratification and make comfort zones a thing of your past. It requires you to leave a comfortable and stable life behind. And it’s difficult to figure out where…

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5 Ways to Cut Spending on Your Weekly and Daily Expenses

Posted on September 10, 2018July 29, 2019 by nick@ypyearoff.com

Weekly and daily expenses can oftentimes go unseen. A dollar here and a couple of dollars there doesn’t seem like much when you spend it, but when you add it up over the course of a year, it’s a large sum. Why not save this money instead for your Year Off? Weekly and daily expenses…

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5 Ways to Cut Spending on Your Monthly Expenses

Posted on September 8, 2018July 29, 2019 by nick@ypyearoff.com

Making the cuts to your monthly expenses are some of the most difficult decisions you will make on your journey to your Year Off. Your life might change drastically, but remember, it is temporary. Remember delayed gratification. You can have that nice apartment downtown after your Year Off. Your main goal now is paying off…

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Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover. Mark Twain

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