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How much does a gap year cost? :The full finances of a sabbatical

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Page 1: How much does a gap year cost? :The full finances of a sabbatical
Page 2: How much does a gap year cost? :The full finances of a sabbatical

How much does a gap year cost?

The full finances of a sabbatical.

Page 3: How much does a gap year cost? :The full finances of a sabbatical
Page 4: How much does a gap year cost? :The full finances of a sabbatical

Budget Planning For a Sabbatical

Page 5: How much does a gap year cost? :The full finances of a sabbatical

As many of you know, Kerry & I took a one-year around-the-world sabbatical from our lives in New York. Here is a step-by-step account of how much it cost to help you plan a similar trip. Note, the #1 variable in projecting your costs is to be crystal

clear on your goals for the sabbatical. In our case, we had two goals for our trip

Page 6: How much does a gap year cost? :The full finances of a sabbatical

1. Deepen our yoga and meditation practice.

2. Write our novels (this goal also involved some rugged backpacking to “inspire the muse”).

Page 7: How much does a gap year cost? :The full finances of a sabbatical

Our costs would have been different if our goals were different. For instance, we could’ve saved a

LOT more money by staying in cheap hostels while traveling in Goa and Portugal but we wanted a reasonably comfortable writing environment. On

the other hand,

Page 8: How much does a gap year cost? :The full finances of a sabbatical

we’d have spent more money if we’d seen more stuff in Europe but we didn’t spend a dime on

museums, cathedrals etc. since neither of us were interested in traveling for traveling’s sake. So here

goes our cost summary, inclusive of travel, lodging, food, everything, for two people of

reasonably modest tastes

Page 9: How much does a gap year cost? :The full finances of a sabbatical

Backpacking through Europe (includes flight from US)= $130/day for 6 weeks= $5500 Total

This was the most expensive leg of our trip largely because we made a few missteps. We had this notion that to truly evolve creatively and write

great books, we needed to become more intuitive and less rational. As a result, we decided to plan

nothing at all and let each day be a new day, operating completely out of instinct.

Page 10: How much does a gap year cost? :The full finances of a sabbatical

So, in Scotland, we suddenly decided to drive across the whole country. Bad decision. Car rental

costs=$110/day—sinful for any respectable backpacker. Similarly, while in Italy, we met a

bunch of folks who were crossing over by ferry to Greece. We liked their company and decided to

join them instinctively.

Page 11: How much does a gap year cost? :The full finances of a sabbatical

The “instinct” was expensive= $130/person for ferry. After a few fits and starts though, our instincts fell more in line with our budgets. We lived for a week

for $30/day in a villa in Greece where the economic crisis had dramatically reduced rentals, then did a ten day free vipassana meditation course in Italy, and spent a couple of weeks in grungy hostels in

Bulgaria and Turkey.

Page 12: How much does a gap year cost? :The full finances of a sabbatical

Along the way, we hiked and camped, slept in train stations, and ate copious free bread-and-jam breakfasts in hostels, learning our lesson that the key to our creativity and intuition was more in not

stressing about money than in seeing lambs in the Scottish highlands!

Page 13: How much does a gap year cost? :The full finances of a sabbatical

Yoga Teacher’s Training in India= 6 weeks= $2800/person= $5600 Total

Even with the excellent instruction in yoga theory and practice and the delicious two meals

daily, Yoga Teacher’s Training at Sivananda Madurai feels a bit steep at $1800 per person.

The ashram is in the middle of a forest and living

Page 14: How much does a gap year cost? :The full finances of a sabbatical

conditions are sparse with four shared bathrooms between fifty people (and as many monkeys!) and intermittent water and electricity. On the upside, the $1800 includes everything—room, board,

meals, instructions etc. The $1000 extra/person I’ve tagged on above is for flights from Turkey to

Madurai (Cheapoair=$450 only!), the once-a-week excursions from the ashram, and ten days off we

took after the course to spend in Kerala.

Page 15: How much does a gap year cost? :The full finances of a sabbatical

Writing in Aranya Writer’s Retreat in Goa= 3 months= $1600/month= $4800 Total

A villa in this remote, majestic spot was available for rent for just $700/month. We had a full-time

caretaker/cook devoted to our needs ($300/month). The rest of the budget is for food, travel, cafes, renting a scooter, etc. in lovely Goa which we explored with great abandon. I’d have

paid double for this extremely creative, productive experience.

Page 16: How much does a gap year cost? :The full finances of a sabbatical

Minor Backpacking across India= 1 month= $50/day= $1500 Total

This included another ten day Vipassana meditation course in Kolhapur, staying with friends

in Delhi and Bombay, doing more yoga stuff in Rishikesh, visiting the Osho ashram in Pune etc.

Page 17: How much does a gap year cost? :The full finances of a sabbatical

Living in the heart of the Indian Himalayas= 1 month= $60/day= $1800 Total

Both our books had major portions set in the Himalayas so we spent a month living in Monal,

a strikingly pretty guesthouse high in the mountains in Uttarkashi ($30/day), hiking

extensively, interviewing yogis, and enjoying delicious, inexpensive food.

Page 18: How much does a gap year cost? :The full finances of a sabbatical

Completing my novel in Obras Artist Residency in Portugal= 2 months=

$1600/month= $3200 TotalWhile Kerry returned to her job in New York, I

completed THE SEEKER in this incredibly inexpensive ($700/month) yet comfortable artist’s

colony in a rural village in Central Portugal.

Page 19: How much does a gap year cost? :The full finances of a sabbatical

The rest of the costs above are mainly for travel from India to Portugal ($700) and a short stay in

Lisbon. I cooked my own food and groceries were a fraction of US prices.

Page 20: How much does a gap year cost? :The full finances of a sabbatical

Net, total costs for ten months in Europe and India for two people=$22,400. Add another 10% for

things I may have missed or if you can’t haggle like an Indian (!), and you’d be very comfortable with $25,000. If you have that saved up, leave

today—you’ll never regret it for a moment.

Page 21: How much does a gap year cost? :The full finances of a sabbatical

P.S. The story didn’t quite end here for me. I came back and spent another two months in New York

(horrendously expensive at $5000/month=$10,000 total) completing my novel. THE SEEKER sold to Penguin Random House World for an advance of

$85,000, making my net income from the 12-month sabbatical=$50,000.

Page 22: How much does a gap year cost? :The full finances of a sabbatical

Yes, I actually made some money while bumming for a year and though I don’t want you to rely on

something as unpredictable as a book advance, I know you will too. At some point, this year of tremendous adventure, personal growth, and exploring your full potential as a human will

eventually lead to some form of material return. Set forth!

Page 23: How much does a gap year cost? :The full finances of a sabbatical

Interested in what we learned in our sabbatical? Don’t forget to sign up for my free meditation

video course, Kerry’s nutrition guide, and a free preview of three chapters of The Yoga of Max’s

Discontent here. Yes, they’re free!

Page 24: How much does a gap year cost? :The full finances of a sabbatical

For more details

Visit us @

http://www.karanbajaj.com/