"To know you have enough is to be rich" Lao-Tzu CAN YOU AFFORD TO TRAVEL IN RETIREMENT?
We don't have unlimited funds and very few people have that, but with careful planning and some calculated risk, this is a very doable goal for many baby boomers who want to explore the world. Most people wish that they could leave their everyday work routine behind and depart on a world tour that never ends. You can!
EXTENDED TRAVEL IS CHEAP
As I wrote long ago, extended travel is MUCH easier than most people realize and can be done on a very small budget. We've traveled the world and lived large on $23/day per person ( 45 countries on 5 continents) and could do it on even less. That turns out to be 25K a year which is actually pretty typical retirement annual budget.
STRETCHING RETIREMENT DOLLARS
We can just stretch our dollars more through world travel and by not owning a home or many things. A purposefully "homeless" retirement opens many options and you won't really be homeless, but more like you have many homes like the very rich.
Due to the world wide real estate boom where many bought second homes and then recession, there are a glut of furnished homes and apartments world wide, so most can be rented very easily and cheaply for long term ( especially off season).
Even places like Bora Bora, Tahiti can be cheap if you live like a local and rent an apartment. We spend time in expensive places like Paris, Norway, Bhutan, Moorea, Sydney etc, but the key to frugal living is living a minimalist life ( which is a maximalist life in ways like freedom), living like a local, not doing a lot of flying and spending the bulk of your time in more rural and cheaper locations.
RV'S ARE PERFECT FOR RETIREES - ESPECIALLY IN EUROPE
What is sad
is most people don't realize that one doesn't need millions to live this
life and if you are a curious and flexible type, it is so much easier
and more rewarding than you can imagine. We travel the world quite
luxuriously on much less than we could ever live at home in California.
Do you plan to retire and travel? What is your retirement dream? Are you planning for early retiremnt?