Quitting your job sounds incredibly adventurous and romantic doesn’t it? You leave the stress of the rat race behind and embrace the world and all the experiences it has to offer. After all, isn’t that Carpe Diem attitude what is espoused by Tim Ferris in his book the 4 Hour Work Week and countless digital nomad blogs?

The truth is while quitting your job and Traveling the world sounds adventurous and romantic -and it is – there are some real considerations to think about before getting that one-way ticket to Thailand. In this article we’ll discuss five things that you need to consider before telling your pointy haired boss to stuff it and grabbing that plane to Thailand.

Before Quitting Your Job and Traveling the World – Know Yourself

The first thing you should consider before you quit your job and travel the world is your motivations. Why do you want to quit working and travel. Sure, you can cite the motivations at the beginning of the article – fun, adventure, less stress – but is that really your motivation?

The thing is no matter where you go – you are still there. In other words, there is no escaping you and whatever baggage you might be carrying with you. And while that statement might be a bit harsh, you really should take some time to honestly consider why you want to quit your job and travel the world. The fact is that quitting your job and traveling the world won’t solve your problems.

No matter how far you run, those problems will still follow you. If you are hard-wired to be a workaholic or stress out about things or are simply trying to escape failed relationships, those issues may be put on hold but you will still have to face them at some point. So, yourself a favor and do some hard thinking and writing about your motivations for wanting to quit your job to travel the world.

What Are Your Ultimate Goals for Quitting Your Job And Traveling The World?

Related to my point about motivation in quitting your job to travel is the question about what your ultimate goals are in making this big step. At minimum, you should ask yourself the following questions or some variation of them. Does my current job meet what I need in terms of goals and wants? Was I comfortable when I traveled overseas in the past and what lessons did I learn?

What is my dream country or continent to travel long term in? What do I currently spend the majority of money on (hint: these are your real priorities). Again, writing this all down so you can objectively look at it -and maybe have some trusted friends look at it as well – will help you make the best decision for you.

How Do You Plan To Fund Your Nomadic Life Style?

Surprise! You read that heading right – quitting your job and traveling the world does require some sort of funding. Depending how you want your lifestyle to be you will have to save more or less money. You may even have to plan on working while overseas – so it’s a great idea to have sufficient emergency funds in place in for unforeseen events or periods in between jobs. Websites like the Nomad List can help you budget for living in your chosen city and location.

Bad Things Do Happen – Plan Ahead Before Traveling the World

I wish I could tell you that once your quit your job and travel the world that it will always be unicorns and rainbows. Unfortunately, sometimes your number is called, and bad things happen. Whether it’s getting sick or twisting an ankle you will want to have something in place in case the worst happens.

That is where travel insurance comes into play. Travel insurance is a must if you plan to be on the road for a long period of time. Make it a non-negotiable part of your budget.

Should You Quit Your Job And Travel The World?

Traveling to new places and experiencing new things is fun exciting and rewarding. If you want to quit your job and travel the world, make sure you consider the above five points and make a comprehensive plan. Consider the cost, reason and goals for quitting your job and traveling the world. I wish you the best of luck on your journey!

If you haven’t already, you might want to check out our article “Should I switch career paths at 40?“

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