Budget to Travel Full Time as Early Retired Nomads (2nd Year Traveling Full Time)
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- เผยแพร่เมื่อ 3 มิ.ย. 2023
- We travel full time - no home base or storage unit. After two years, we show how full time international travel costs less than you think. In this video we look back on our actual spending by category, and compare to our budget for the year. Then we discuss what changes we might make and how we're planning to spend our money in the coming year as full time retired traveling nomas. What does it COST TO TRAVEL FULL TIME?
We'll talk about our goals, our priorities, and strategies to make sure we stay on track. We'll also share some tips for budgeting that have worked for us in the past. We break out the categories, and we let you know if we were over or under budget. Our travels through Europe, Asia, and Southeast Asia are an inspiration to anyone who wants to travel affordably. We are an early retired couple who sold everything to travel the world full time.
We are Chris and Steve, an early retired couple traveling the world full time as nomads. Support us by using our referral links!
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Yay, the much-awaited budget video is here! I was so happy to see you spend to enjoy your life rather than the typical “how low can we go” stories. As a single traveler, I budget $2500/mo. between a handful of countries moving every 60-90 days between Asia & Europe. Although I’m not housesitting, taking cruises or staying with family, I’m confident I can manage and hope to find housing options besides Airbnb too! Happy Nomad Anniversary - here's to Year 3 and beyond. 👏
Thanks so much. Yes, you're right, we are not "low as you go" travelers, although sometimes we do find that we can get a bit too frugal. We need to splurge a bit more. This year will be interesting. We don't have any "cheap" countries in the itinerary, so I think we've got a bit of a challenge ahead of us. It's June 4, and we're already way over budget for the month due to some cruise purchases. We'll see how this goes. I think $2500 for one is a reasonable number.
Hi Linda, I am interested in your journey. I am hoping to travel on less as well. I have seen many budget videos and the couples spend far more than I would be able to. I gotta make my savings stretch a bit. I hope to travel on 2k a month if possible.
Linda, I am also curious about solo traveling. Do you have a TH-cam?
What a busy, busy year you have had. . . We’ll finish our third year of full-time travel next month. I can’t wait to add it all up! We’re spending a little more than you but statistically, we probably also have fewer years to spend. . .
I can't wait to see your numbers!
LOVE the map of your destinations! Very helpful to visualize all your amazing adventures.
Glad you like the map. Thank you for the wonderful compliment!
I agree the map visualization was really great. Which software program was used to create that? We have been looking for a new map visualization tool just like this for our land business in Texas to display our land for sale. Thank you. @EatWalkLearn
Feels like a complete short course here, just need a certificate at the end. I like this kind of presentation. I even pause in the middle to analyse the chart and all. Good job.
Fantastic. Thank you
Outstanding! Surprising. I think all the flights are my biggest surprise for your budget. Now, we are in EU- in France and eating out is $$ and so is food shopping in stores…so interesting to see what our first full year comes in at…we only launched May 3 so have much to do see & enjoy ahead. I am so interested to see where you go in the coming year!
Ha ha, we are too! Working out our itinerary for next year is a bit time grab for sure. Have you checked out Too Good To Go app? It's our secret weapon in Europe for food.
What an astounding, full, rich year you both have had! Happy nomadiversary!
Thanks so much, and you were part of it!
great stuff…thanks for sharing 😊
Thanks for your comments. Keep watching for more!
This is awesome! (I was amazed at how little you spent!) Thank you!
Glad you enjoyed it!
Amazing. Thanks for inspiring me with the map, the spreadsheets, and with the joy you bring.
Glad you like them!
Your videos really show how this is possible. Thanks for sharing.
Thanks. We're going to continue to share tips on budget travel.
Wow- what a year!
Yes. A blast!
Yay!! 🎉 I love this video so much. ❤️ Steve, my data geek sees your data geek and applauds 👏🏼. Excellent work staying on track and planning so well.
Long live the data geeks
@@EatWalkLearn 💃 📊
Counting beds; love it!
I'm always amazed at how little people can spend; we've never come close ; not realistic for us. We add in our fixed expenses as our monthly budget: health insurance, cellular, streaming services, etc. and that alone is almost $1,000 per month-yikes!
House sitting is not an option since we have no experience with pets of any kind.
Slow travel seems the way to go for us and I find it rewarding to settle in and become part of the community for awhile. Housing and groceries continue to be our biggest expenses, no big surprise, but we don't skimp in these areas. Comfort and good nutrition is paramount!
Thank you for producing these informative videos; I will continue to follow your journeys and make a plan to meet up with you again. Happy trails, my friends!
Thanks for being such a giant fan, PJ! My goodness, what are you streaming! That's a lot of monthly money! Can't wait to see you again.
Haha. Mostly healthy insurance!
Loved it! Please tell me what software you used to show where you traveled around the world. P.S. I’m a spreadsheet nerd too ! 😊
Thanks. We used mult.Dev for the video then narrated with videopad.
Thank you for this video. Love the charts! We are just about ready to launch and watching your content has really helped. We have decided to travel with our dog so no overseas travel yet. Trying to decide between traveling through Mexico or following your 50 hikes in 50 states plan. Any advice?
Oh man, what a question! I don't know a thing about traveling with a dog in Mexico, so I couldn't comment on that side of the question. Are you going by car? I'm a fan of Mexico, but not necessarily by car. On the other hand, traveling to all the 50 hikes locations would be fantastic with your dog. I think all fo the trails allow dogs except for the South Dakota hike (due to NPS rules.) In the book, there's a map of how to drive the route if you chose not to fly. I'd be partial to the 50Hikes due to the pupperoo!
Yes we are traveling by car. Thanks for your comment. I plan to buy your book!
Oh boy, I love a good budget video. Loved all the graphs! Though now I'm wondering when I'll have the time to go back through the last six months to start counting how many days we stayed in hotels/airbnbs/family/etc lol, what a fun statistic! Love that you guys are living such a wonderful and intentional life. How are you liking your new Osprey rolling bags? We've been loyal to our backpacks but I'm looking for reasons to move to carry on only, so I'm looking forward to your upcoming packing video.
We have a spreadsheet that tracks our nightly stays, so it was easy to count beds. We LOVE our Ospreys and we'll be talking about them next week.
Love the spreadsheets from one data junkie to another.
Thank you. Swoon for spreadsheets!
Love your videos, and it's nice to see not all nomads are in their 20s. I am from PA, and also enjoy international travel. Can you provide some information on housesitting, how do you find it?
We love Housesitting. We use Trusted Housesitters. Join the world of pet lovers offering in-home pet care for a free place to stay. Use this link to join with 25% off. www.trustedhousesitters.com/refer/RAF263918/?
Also check our housesitting video
th-cam.com/video/yTeWaR7WOjU/w-d-xo.html
@@EatWalkLearn Great. Thank you.
Hello - you mentioned you had a couple of housesitting stops. Do you use a housesitting service or website to set these up ? I'm asking because my wife and I will be out of town for 3 months next year and have discussed getting a housesitter. I've looked at a number of websites but can't really decide if that is the way to go. Thanks in advance.
Awesome video! I love the numbers and the charts! I would love to see a single persons' detailed budget - I think housing would be a greater percentage as a single. What do you think of VRBO as a housing choice?
VRBO is a good choice, but we find that many of the properties are bigger, focusing on larger families on vacation. We haven't stayed in a VRBO, but wouldn't be opposed to them if they had a property that suited us.
@@EatWalkLearn Good to know. My property is listed under several sites including VRBO - most of the others are smaller companies, but include Airbnb. I understand the smaller companies are used more frequently by Europeans when traveling. I will start looking into other companies as well!
@@barabaramohon furnishedfinder.com might be interesting for you
@@EatWalkLearn thank you! I will check it out!
@@EatWalkLearn Thanks for that one! In my book!
I'd love to see the full itinerary from last year along with how you arrived at these locations.
We show that here th-cam.com/video/ZCdTOwPB5s4/w-d-xo.htmlsi=ENCxHWtx04mfbqlb
Didn't want to comment until our video came out, but it's fascinating how you can visit different places in very different ways on about the same budget. Maybe others can take encouragement that there are many ways to do this!
totally
WE should do a shared video talking about how we spent the same money but did completely different things!
@@EatWalkLearn now that's an idea! 😁
Great video! I like the graphs as a numbers person.
I’m curious about how you traveled in Europe getting around the Schengen rules. With your map it looked like you spent more than 90 days in a 180 day period. If this is in another video, please let me know, as this is my first video on your channel.
We only plan 3 months in Schengen countries. Ireland is a country we love outside the zone.
We also spent 5 weeks in Croatia before it was included in the Schengen Zone.
What a great video thanks for sharing. May I ask what software program you used to map out the destinations? We would love to use whatever software program this is for our land company in Texas. Thank you in advance, i will be a new subscriber too!
I think you're asking about mult.dev. thank you
@@EatWalkLearn FANTASTIC thank you very much yall.
What is the App/Program that you used to put together that cool video?
Thanks. We use Videopad
They keep getting better. Check out some of our newer videos.
Great video and congrats on starting your next nomad year. I'm about to look at our yearly expenses on July 1 and will be interested to see how we went. We started travelling in May 2019 and are still travelling, currently in Thailand. Our australian dollar doesn't have as much buying power as the US Dollar. Keep enjoying this wonderful life
Thank you. I look forward to hearing about your numbers. We"re headed to Oz in October.
How did you find the housesittinng opportunity?
We use Trusted Housesitters. Please use our referral link! Trusted Housesitters referral www.trustedhousesitters.pxf.io/EatWalkLearn and use our code EATWALK25.
I just subscribed. Love the info but our biggest problem is documents. Is there someone that does these things? We want to travel but have had issues. My gf is from Ivory Coast and we just can't get up and go like I want
Planning for visas takes time for sure
Regarding food costs in SE Asia.. it's true that eating out is less expensive but for health reasons it's not prudent to eat out in excess 😉
I agree. We cook a lot and find the food at the markets are also inexpensive
That’s amazing, my husband and I want to do this! What is your source of income ?
We are retired; it's from retirement planning.
Gnrl ?? What CC and strategy do you use for traveling outside the US. Yes, there is plenty of CC that have high rewards (points of cash back) for hotels, car rentals, and airfares regardless of where the flight is from/to, but for the rest of the expenses it doesn't work like in the US. No gas or grocery or Pharmacy or many of the other multipliers. Which card have you found that maximises those things??
Our strategy is more around getting sign up bonuses than spending with multipliers. Chase Sapphire is our workhorse card around the world if we're not working in a SUB. Lmk if you'd like a referral link. Current working on a SUB with Chase Hyatt
I’m assuming you’ve built up some serious cruise loyalty by now. If so, with whom? And how are you using that to your advantage? Or: are you aiming to build up that cruise loyalty for future advantages? For example: we’re closing in on an upper loyalty tier with Royal, which will give us free drinks on our cruises, which is a massive savings over time. Other benefits as well, discounts, partner deals, etc.
Belated Happy Nomadiversary!
We're getting there. Our highest level is on Princess which has given us quicker boarding and some free macaroons. The nicest benefit is the shareholder benefit! $250 a cruise!
I’ve been looking into the shareholder benefits on Royal, but - of course - their shares have rocketed this year. Kinda wish I’ve put all my money into cruise ships! Are you loyal to Princess for the benefits, or other reasons?
@@omrouk mostly because they've gone where we want to go. Totally willing to cruise others
@@EatWalkLearn Once we've hit the loyalty tier we're chasing with Royal, we'll definitely be all about the itinerary. That said, we've an amazing one coming up in October. Can't wait to do the Panama Canal!
2 questions. 1) How did you feel you did with healthy eating in Asia. Eating out is cheap. But were you able to eat healthy? 2) What's your pricing approach to cruises? Are you booking far ahead? My feeling is that they are cheapest in the 90 day window, but in order to keep other expenses down we tend to plan further out.
Eating out is always a challenge, especially when we look for vegan food. We do the best we can to pick things that aren't fried and deep in oil. Malaysia was RUFF, but Thailand was easy. Of course, going to the markets always produces healthy and fresh food. We ate lots of fresh spring rolls and pad thais. Our snacks were often fresh fruit and/or smoothies. As for pricing cruises, we're definitely playing with this. It seems that repositioning cruises don't sell out, thus deals seem to happen around the 90 day window. I used Google Bard to do an analysis of cruise pricing on a cruise we just booked LA-Sydney and it showed that prices dipped from Jan-Mar historically and rose in June. I waited until May 31 to book (hoping for a Memorial Day kicker), and it paid off. June 1, the prices went up. The 90-day window is in July, so I'll loop back and see if i made the right decision. We also booked our Japan repositioning about 5 months out and got a good price, but I heard that it got better at about 45 days. Thus, I don't have the algorithm figured out yet :-) and I'm hoping AI might help with this. I can't access ChatGPT cuz I don't have a non voip number to verify access, but it'd be interesting to compare ChatCPT, Bard and Bing in their analysis of historic prices on particular cruises.
I'm curious about whether your budget includes your federal taxes to the USA. I understand that getting your domicile done in Texas sure limits that state tax burden
Yes. So far, no taxes due to strategic drawn down. Next year tho, you might see a line item
Thank you so much for this. We (my wife and I) really enjoy your videos….this one was one we’ve been waiting for….with bated breath, because we are about six months from our own post-retirement travels. We’re watching you, among several other retired couples, and are very encouraged by what we are hearing from you all! I’m, now, more confident…so, thanks again. One aspect of this type of travel that we still wonder about is housing, specifically the use of Airbnb. We’re hearing some ‘not-so-great’ reports about Airbnb…not all bad, some good, some cautionary. There’s still more research to be done. Thanks again and happy travels! Jeff and Paula
You bet. Thanks for following. Yes, I think it's kinda trendy right now to bash on Airbnb. WE have had mostly positive experiences with ABB, but we're ready to figure out how to spend less for the same experiences by going thru FB pages and individual listings. There are lots of advantages to ABB which we don't forget. See you soon on the road! PS; What questions/videos would you like to see?
Hey U2, we really enjoy your content and style. Teri & I are on week 3 of our 3 4 5 year global journey!! So much to learn, getting our flow over time is fun. We are starting to get our socials in order. How & what to post, vlog, etc is a huge learning curve. So what editing software do you use? What was your learning curve? Any inputs on our beginnings would be so helpful. Stay safe, maybe we'll see ya'll on the road sometime 🍻 JohnAndTeriJustGo
Welcome to the game! We use videopad as our editor. Advise: don't let your socials take over your life. Travel and your life are far more important than your socials. :-)
@@EatWalkLearn 100% agree! Our plan is to keep it simple 👍🏼
How did you fly so much on seemingly so little?
Budget airlines in Europe and SE Asia. Plus we don't have to pay for checked luggage (carry-on only).
Came across this video and immediately started following! I have a question regarding TH-cam revenue. In your planning, do you take it into account? If you don’t mind sharing, what is your income from TH-cam? When, if ever, did TH-cam income come into the picture?
We haven't accounted for any of our EatWalkLearn income cuz it just hasn't been that much, and we don't have a strategy yet for how to spend it. But in our year 3 roundup of expenses, which we'll publish in the next few weeks, we'll share the TH-cam numbers.
@@EatWalkLearn Looking forward to it! Is there a video that you have done detailing how much savings one must have to sustain this lifestyle indefinitely?
@@franciscokameko4671 We do not get into budget suggestions for others. We have a budget of $52000 which we can sustain indefinitely.
Laughing. . . In calendar 2022, we slept in 57 different beds (largely due to a lighting round of east Coast travel to visit friends and family we hadn’t seen since COVID). . .
I'd like to get that number way down next year!
Is your travelers insurance under travel? Is your medical insurance under wellness?
We have an international health policy that we include in our Health and Wellness category. We don't pay for "Travel Insurance" but rely on coverage that our credit cards might offer for things like lost bags. Check out our video on Health insurance for more details
Slow down a bit..
You'll see a change in our 2023-4 travel when we do a roundup in May
Stop interrupting your man while he explains his chart.
Wow!