Before I get into the “how”, let me tell you about the “how much”. In traveling the world, I spend an average of $2,000 a month. That includes accommodation, transportation, food, etc. I don’t have a home, so that $2,000 is in fact the entire extent of my expenses. Thus, to keep myself from non-under-bridge housing, I need to make that much each month… but preferably a bit more. And, before you ask: no, I don’t have savings, I don’t have a trust fund, and no I don’t have a sugar mama (although I want one).
In general, I abide by what I call “The Octopus” approach to income generation. After 2 years trying to make it in traditional journalism, I realized that as a freelancer you need to try to have your hands in as many different pots as possible to survive. Essentially, if I can have 8 different sources of income at $250 each a month, I’ll make my $2000. And, if I lose one source of income, it’s not the end of the world. These are the various sources my hands extend towards.