This sounds awesome and I'm planning to travel around the globe also :) We should keep in touch while traveling. I'm using affiliate marketing to generate my income for traveling (it will take a long time to travel and you'll need an automated income to continue traveling) You can see a list of affiliate training programs below.
Lofty goals but with the right tools definitely could be possible, to make money on the internet with blogs/affiliate marketing etc you really have to know what you're doing, I would recommend finding and taking a free course like from here http://tinyurl.com/o3zg8en so you can learn what goes into making money online using a blog or internet/affiliate marketing because most people don't know the exact process! I hope you can make this lifestyle for yourself! Feel free to email me with any questions :)
Most people's travel blogs aren't really monetizable, or not enough to keep traveling at least. It would have to be very compelling and have a hook that's more than "hey, look at me traveling!" Your family and immediate friends might care, no one else really will. By all means share your travels, but don't depend on revenue as part of the plan - any you get is bonus.
Consider working vacations perhaps - many countries give working travel visas for young people to work. My brother spent a year in NZ on that, paying his way working at a bar.
Travel the world without spending money? Ok, got it.
step 1: get a bachelor's degree from a university.
step 2: travel the world with my cousin, who wants to travel with me.
step 3: do link text advertising, affiliate marketing, travel writing, general freelance writing, and filming of my travels, and photography of my travels, to fund it.
step 4(from earlier) use money saved up from college
step 5: save money by not spending too much money.