Does Full Time Travel Make Financial Sense In Early Retirement

Подписаться 39 тыс.

Просмотров 7 тыс.

50% 1

Today we share with you why full time travel makes financial sense in early retirement. We talk through the finances of what it costs to travel the world full time versus what it costs to stay in the life you have.
Our RU-vid Course:
groundedlife.thinkific.com/co...
Credit Cards We Use:
Chase Business Ink Preferred (affiliate link)
www.referyourchasecard.com/21...
Chase Sapphire Reserve Card: (affiliate link)
www.referyourchasecard.com/19...
Chase IHG Credit Card (affiliate link)
www.referyourchasecard.com/21...
Marriott Bonvoy Credit Card (affiliate link)
www.referyourchasecard.com/25...
What We Use To Invest (affiliate link):
a.webull.com/TfjtegHr358AQ3HVtV
Things We Use:
Favorite Travel Adapter: amzn.to/3I3xusX (affiliate link)
Rob's Backpack: amzn.to/3wjJRON (affiliate link)
Allie's Backpack: amzn.to/3T5bnZq (affiliate link)
Loop Earbuds: amzn.to/3wnOUxE (affiliate link)
SafetyWing Nomad Travel Medical Insurance (affiliate link)
safetywing.com/nomad-insuranc...
Nord VPN: (affiliate link)
www.kqzyfj.com/click-10099601...
Our esim cell phone provider (affiliate link)
www.airalo.com/auth/signup?re...
Our Other Channels:
Grounded Life Travel: / groundedlifetravel
Grounded Life Cruises: / groundedlifecruises
Travel Asia With Allie: / @travelasiawithallie
Travel Thailand With Allie: / @travelthailandwithallie
Our Daughter's Book Channel:
/ @alexamarmion
DISCLAIMER: The opinions in this video are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned, or make any financial decisions based on them. Always do your own research to determine the best course of action for yourself.
As an Amazon Associate I earn from qualifying purchases.

Опубликовано:

5 мар 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 80

@30AndAWakeUp 3 месяца назад

I’ve been traveling full time since January 2019. It’s soooo much cheaper than my normal US lifestyle before & I have a much fuller, enjoyable life now!

@OriginalDemGunz 3 месяца назад

I was watching one of your recent videos where you mentioned this channel. Thanks for the recommendation!

@GroundedLifeFinances 3 месяца назад

That's the shocking thing right, and even while cruising it can be too! We've got to get on a cruise together sometime!

@lindadorman2869 3 месяца назад

My budget is the same no matter where I live (currently Chicago). Rent including all utilities and high-speed wifi $1250, mobile phone $15, bus pass $40, health insurance/prescriptions $50, streaming services/VPN $60, food/household supplies $400, miscellaneous $100. Total under $2000. I earn over $6000/mo. so two-thirds of my income goes into savings and investment. In 2024, I plan to travel about 4 months of the year but still keep my home base in the US. Best of both worlds!

@GroundedLifeFinances 3 месяца назад

Great job!

@annaguzman996 3 месяца назад

As a homeschool mom of 8 who is winding down with the last 3 children getting ready to go to college, the aspect of minimalism and vacation buying had not even occurred to me. The reality that the rest of the world lives at a more moderate level monetarily in comparison to the US, truly places things on a different perspective. Thank you for your continually wonderful insights. My husband and I are really enjoying your channel. We sincerely appreciate your generosity sharing your thoughts and experiences. Muchas gracias! Continued Blessings🌺

@MarleneGreen 3 месяца назад

Great insights but I'm looking around my home office and trying to envision not having any my equipment or supplies nearby to get work done since I still have to work. Talk a bit more about working or conducting business or income-producing activities without ever having a home base again. Thanks!

@Shello58 3 месяца назад

I'm not retiring yet but I can't believe HOW MUCH MONEY I've saved by just NOT having a car! It's unbelievable! Not just the car stuff- insurance, maintenence, gas, tires....BUT the FORTUNE I'm saving NOT Stopping into the store on the way home buying a bunch of (mostly) Junk food I didn't need. Bus pass $92/mth. Better late thsn never! I'm healthier (all the walking to/from and NO junk food!! I'm already funding my travel category! THANK YOU for your inspiration and years of advise!❤from 🇨🇦

@memphistnliving 3 месяца назад

As long as we are able to maintain good health travel is the real kick fun

@DaveM-FFB 3 месяца назад

We've taken some months long trips overseas and we were surprised that our monthly bills went down. No groceries to buy, no Amazon shopping, utilities cut in half, no gasoline for the car, etc. BUT, it's nice to still have a nest with your own stuff. I guess everyone wants the best of both worlds. It just costs more. Perhaps a furnished apartment near public transit would be a good nest if it's affordable.

@GroundedLifeFinances 3 месяца назад

Yes, agreed, the places we like are places where you don't need a car. Of course, those cost more!

@karenb9788 3 месяца назад

My goal when I retire is to spend 6 months in Mexico, 3 months in NYC and 3 months in Europe/Asia. Rinse and repeat.

@GroundedLifeFinances 3 месяца назад

Sounds like a great plan!

@TravelwithTravelarii 3 месяца назад

There are so many hidden costs we never considered before! Living the full-time travel life seems more financially savvy than ever. Thanks for sharing your insights.

@GroundedLifeFinances 3 месяца назад

There really are.

@jessjane6765 2 месяца назад

Thank you for all of the great information and for helping your viewers like me think outside the box!

@prettyflytraveler 3 месяца назад

People in the US think giving up a 6 figure job is crazy when the rest of the world is living happily on a fraction of that.

@GroundedLifeFinances 3 месяца назад

This is true

@The_NomadNinja 3 месяца назад

This is my goal! I hope to be doing something similar in a few years. Thanks for showing it's possible!

@GroundedLifeFinances 3 месяца назад

Best of luck!

@tywork 3 месяца назад

I watch your retirement videos consistently, and this one is your best. It really got me to thinking. I'm about to start a list if my monthly expenditures and then try to compare to what I would spend living while traveling. Thank you

@GroundedLifeFinances 3 месяца назад

Thanks so much! We appreciate that!

@kristiG5259 3 месяца назад

The AC! We bought a 13 year old home and it came with a home warranty, which we've renewed for 7 years. But it takes a WHILE to get things moving through the warranty company. Last year, we went 5 months with no washing machine and July 4-just after Labor Day with no downstairs AC in the brutal NC heat. The final cost to us for the gas pack unit was just under $8k. SO can't wait to get out!

@mississippiapple1078 3 месяца назад

It's like you are reading my mind!

@tzoakland 3 месяца назад

I'm absolutely loving every episode and the full-time travel lifestyle! However, one thing that's been on my mind is planning for the distant future - specifically, my living situation in 15 years when I reach my slow-go and no-go years. Should I rent or buy again? What’s your plan? I'd love your input on how to prepare for this next chapter. Thanks! 🙏

@GroundedLifeFinances 3 месяца назад

We are currently planning to rent, but of course that could change. We also aren't sure what if any new housing products, as far as rentals go, could be launched in the coming years.

@SHYsArt 3 месяца назад

Love you guys, thank you.

@GroundedLifeFinances 3 месяца назад

Thanks for watching!

@patb2425 3 месяца назад

Thank you for all the great content and keeping me motivated!

@GroundedLifeFinances 3 месяца назад

You are so welcome!

@a.Janine.pretty 3 месяца назад

I want to travel not spend money on BS love your channel

@GroundedLifeFinances 3 месяца назад

Thanks

@nh154321 3 месяца назад

Can’t wait to join the club! I will be retiring at the end of the month and once well rested, me and my husband will start slow traveling the world for some 20-25 yrs, maybe one day we will even cross paths and go for beers :)

@mikegainer8288 3 месяца назад

Hmmm got me thinking!!!

@thehoteldeveloper 3 месяца назад

I've had the tree root problem at a hotel once. Backed up and flooded half of the first floor. I'm with you not wanting to own anything. Sick of having to maintain real estate.

@GroundedLifeFinances 3 месяца назад

We never knew that could happen until it did!

@denisescally7090 3 месяца назад

Happened to us too! Backed up and fried our boiler. I thought what are the chances of that happening? 😮

@dcalcano 3 месяца назад

Looking forward to do this in the coming years. My question, what is the plan in your 70’s? That will maybe an idea for a future video if not one you already talk about. Love you guys.

@TheSicilianLife 3 месяца назад

This makes so much sense, and I am getting the travel bug. 🤣

@GroundedLifeFinances 3 месяца назад

Awesome!

@pinkmoonrisin 3 месяца назад

Great videos! Can you talk about airfare and how it affects the monthly budget? Thanks!

@GroundedLifeFinances 3 месяца назад

Thanks, just a guess here but without looking I'd guess we spend $3k per year on airfare if we didn't use points, but we do use points so it's less.

@KimannChessa 3 месяца назад

I live and travel in a truck camper, which is much less expensive than when I owned a house. My dream is to also travel internationally, but I have two small dogs. Do you ever see other full-time travelers who bring their dogs? I have driven to Mexico and Canada with them, but I would love to go to Thailand and destinations in Asia. Thank you! I am enjoying your content!

@GroundedLifeFinances 3 месяца назад

We don't see it often in Asia, I think it would be pretty hard to do, but with enough research could be done. There are less accommodations available there that account for that and it cuts cruising out. But for instance, shockingly the place we are at in Japan right now would allow it.

@KimannChessa 3 месяца назад

@@GroundedLifeFinances Thanks for the info. The Japanese pet culture is fascinating. I saw pets eating at the table with their families and poodles with pink-dyed fur in baby carriages in Japan. Pets do complicate things with full-time travel. I can always have my Ex watch the dogs for a month or two and either cruise or go overseas for that time. I just miss them.

@hjdreams1429 3 месяца назад

Another cost savings is taxes. You aren't establishing yourself as a tax resident in a new country and possibly paying more in taxes there as well as being in a lower US tax bracket.

@nncadi1 3 месяца назад

My plan is to rent my home when I start my slow travel journey. But the more I listen to y’all the more I seriously start thinking of selling my house instead.

@GroundedLifeFinances 3 месяца назад

We dont regret it, but depends on your market too

@nncadi1 3 месяца назад

@@GroundedLifeFinances oh, I’ll do the research first, but preliminary, seems to be a sellers market in my neighborhood.

@tannisjohnson6456 3 месяца назад

Time travel? Yes please!

@louisjia 3 месяца назад

Great Show. Would love to hear downside if any. 🙂

@panamapippi1723 3 месяца назад

I do a monthly spreadsheet for our monthly bills, and I noticed last year that we spent $38,000 in credit card charges (ouch!). Since I itemized everything, most of these charges can be eliminated. I plan to cut back.

@jagsterr1 3 месяца назад

How do you find the cheap season without spending a whole day looking on the computer. Would you please share with us how you select cities. And we prefer not to always stay in 3rd world countries. Thank you.

@tobyalza7220 3 месяца назад

🙏

@lmpreston1 3 месяца назад

How do you get used to always moving and it being difficult to make connections build longer friendships.

@OlegScherbina 3 месяца назад

What is the plan when you get older and cannot travel anymore? Where would you live?

@comment5884 3 месяца назад

❤

@dmiller2055 3 месяца назад

Wow rent for 1250 I need to move to Chicago …

@katrinascreationscrafting 3 месяца назад

I was surprised when you said that you don't have car insurance. In our state, if you have a driver's license you have to carry insurance. Do you have to have car insurance to rent a car? I just assumed everyone had to have it. Thanks.

@kbaughanyoung 3 месяца назад

You can buy insurance from the rental car company. No, in my states lots of people don’t own cars.

@dmiller2055 3 месяца назад

How do you handle mail?

@vet4truth 3 месяца назад

in order to take advantage of early booking, how did you guys book your travels further out? Example, Vietnam for 40+ days then on to say Japan for 30+ days. How far in advance?

@GroundedLifeFinances 3 месяца назад

We are booked out almost 10 months

@comment5884 3 месяца назад

Have you all been to South Korea? I tried to find any video you did.

@GroundedLifeFinances 3 месяца назад

We have not been yet, it's on our list!

@jagsterr1 3 месяца назад

Can you stay a month in Paris or Italy, or is that too costly.

@GroundedLifeFinances 3 месяца назад

Yes, to both, but Italy isn't that expensive, you could stay many months there.

@user-si4tj6zc5j 3 месяца назад

How big of a challenge is language?

@GroundedLifeFinances 3 месяца назад

Very little, English is widely spoken

@jumpintofall56 3 месяца назад

Would you ever consider moving full time to any of the cheaper countries when age finally catches up to you?

@GroundedLifeFinances 3 месяца назад

Yes, we would consider it

@shellyschroeder6398 3 месяца назад

Can you do this lifestyle affordably without including stays in Asia?

@GroundedLifeFinances 3 месяца назад

Yes, our 4k a month budget is doable anywhere, even the US if we wanted.

@lovelyday6 3 месяца назад

@@GroundedLifeFinancesHi there! Have you already done a video on your US travels? I’m really interested in the states you like that don’t require a car.

@rosalindhb 3 месяца назад

I would love info on traveling full time with pets. A reference would be awesome.

@michaelobrien5366 3 месяца назад

My wife and I met a young American lady in Portugal who was traveling by bus around Europe with her pet dog. It was fairly small and had its own collapsible carry case. She said no one had ever complained and in fact a lot of people ( like us ) had started conversations because of it.

@nncadi1 3 месяца назад

You should follow Our Freedom Years…they travelled the world full time with 2 small dogs. They have a lot of info on that subject manner.

@gif24gt60 3 месяца назад

Worst thing they could of ever done was to come out with a debit card. House, like a car is a money pit. Wonder if the rest of the world kick their kids out of the house at 18 or 23?