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.
It’s time to let our imaginations run wild for awhile. I want you to imagine you’re debt free, and you have a great start to your retirement savings. You have enough money to cover your mortgage and all your living and “fun” expenses for a year. What would you do? Think about some childhood dreams…
So how much money does it cost to travel the world for a year? For some people, a million dollars. For others, $15,000. The amount can vary wildly. I believe that $40,000 is an excellent amount to have. This will easily cover your cost of living expenses and will leave plenty of money for all…
The risk of financial uncertainty due to a serious illness or injury is something that all career breakers need to consider. While I don’t think it’s likely to happen, I think it’s possible to go bankrupt during a career break due to the inability to pay high medical bills. So it’s very important to consider…
In this post, I describe why I think it’s important to purchase travel insurance for your extended career break if you plan on traveling domestically or abroad. First, I’ll cover the basics of travel insurance, what’s covered and what’s not covered. Then, I’ll get into a discussion about the odds of actually needing to use…
I’ve been asked several questions that have challenged my beliefs about what a Year Off actually is. In this blog post, I want to dispel some of the common assumptions that many people have about a Year Off. What are the main assumptions I’m trying to dispel? That it’s only for young single people with…