How We Got $26,000 Richer on a 3-Month Vacation
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- เผยแพร่เมื่อ 27 ก.ค. 2024
- Australia has always been on our bucket list. But rather than saving up money and blowing it all on the trip of a lifetime, we figured out how take a 3-month vacation down under and actually come home $26,000 RICHER than the day we left!
While a combination of clever travel hacks helped us save money on vacation, income poured in from an array of passive investments and a small amount of freelance work.
In this video, we reveal our entire 3-month Australia travel budget, broken down by spending category, and exactly how much money we made through side hustles and investments along the way.
Resources mentioned in the video:
- How to exchange currency without fees: www.tripofalifestyle.com/gear...
- Credit card and travel gear recommendations: www.tripofalifestyle.com/reco...
- How to install international Android apps: www.tripofalifestyle.com/gear...
Other resources:
- Complete Financial Roadmap: www.tripofalifestyle.com/road...
- Our entire investment portfolio: www.tripofalifestyle.com/mone...
- Freelance and side hustle inspiration: www.tripofalifestyle.com/mone...
- How to get free travel and money with credit cards: www.tripofalifestyle.com/mone...
- Our 6-month Hawaii honeymoon: www.tripofalifestyle.com/mone...
- Example of camper van life budget: www.tripofalifestyle.com/gear...
- Early retirement guide: www.tripofalifestyle.com/mone...
00:00 - Our Money-Making Vacation to Australia
01:05 - Spending Categories
01:25 - How We Got a Free Car Rental for 3 Months
03:22 - Gas & Ground Transportation Costs
04:29 - Hacks for Cheaper Airline Tickets
05:54 - Ferry Rides
06:11 - Hotels & Lodging
08:57 - The Cheapest Way to Eat While Traveling
10:10 - Tricks for Cheaper Restaurant Meals
11:26 - Free Entertainment & Fun
12:46 - Travel Health Insurance at No Additional Cost
13:04 - Total Expenses of Our 3-month Vacation
13:53 - How Our Wealth Increased on Vacation
14:42 - Freelance Income & Side Hustles
15:45 - Passive Investment Income
16:27 - Real Estate Investments
17:46 - Total Investment Gains
18:22 - How You Can Take Unlimited Vacations
#traveltips #investing #money
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We're Lauren and Steven, and we followed some simple financial guidelines that allowed us to quit our full-time jobs forever by age 29. We created Trip Of A Lifestyle to share the knowledge that changed our lives for the better. All of our content is free.
Get rich. Work less. Travel whenever.
www.tripofalifestyle.com
Looking forward to this one, you guys rock 💰💰
Thanks for watching! 😊
Thanks for sharing! Great job!
Always inspiring! Thanks for sharing such detailed, helpful information.
Appreciate the comment. Glad you enjoyed the video. 😊
PB&J all the Way!!!!
Yes!! 😋
Does the tip about ordering the ingredients for burgers a la carte also work for Burger King and McDonald's in America?
Not sure tbh! Here's a list of other menu hacks we've found: www.tripofalifestyle.com/money/hack-the-menu-and-pay-less/
Great video with a lot of useful figures, data, info and explanation.
It must have taken a good bit of time and effort to produce the video, so thanks.
Only thing I would say was missing, seeing as you touched on things like investment gains, was the cost of inflation on your wealth during the period. Not necessarily easy to do as everyones personal inflation rate is different but this would have then given a totally complete picture. Or at least a mention to bear it in mind as people often forget/its impact.
Hope the video gets lots of views as it deserves!
Thanks for saying so! Actually, this was by FAR the most time we've ever spent on a single TH-cam video, so we really appreciate you noticing. Feel free to share! 😁
Inflation definitely has some impact, and you're right that it's not included in this analysis, but over a 3-month period, it's not typically a very significant effect, since inflation only averages about 3% per entire year. During this specific 3-month trip, the change in US CPI was +1.68%, which is around 6.8% on an annualized basis (above average) - but still not a gigantic impact on the overall numbers here.
@@TripOfALifestyle thanks for the reply. With the cost of inflation, don't you need to take account of it not on what you spent on the trip but it's impact on your entire net worth. So although the % figure might be small, if you have a 7+ figure net worth, it can be a large $ amount.
Not saying it is going to massively change the trips figures, just something that I thought was missing from an otherwise very comprehensive video.
Compared to the normal vacation this trip was a great example of how savings can be had by having the freedom of FI. As well as the time to relax and fully enjoy the trip rather than cramming in everything in a week or two.
Keep up the great content 👍
@@C4sp3r123 Yep, you are correct. That is exactly how the math works. However, your investment gains also scale with the size of your portfolio, so as long as you keep the vast majority of your wealth invested at all times, it is possible to combat the effects of inflation (in the long run) with any size portfolio.
In our case, we were definitely still positive after accounting for inflation, but you're right; it would have been an interesting thing to talk about in the video!
@@C4sp3r123 Oh, and here are our detailed thoughts on inflation in general, if you're curious: www.tripofalifestyle.com/money/what-is-inflation/
Appreciate the comments! 🙂
@@TripOfALifestyle Thanks, I will give it a read.
That was amazing. What is the best way to save on currency exchange?
Thanks! Here are the best options for that: www.tripofalifestyle.com/gear-and-tips/where-to-exchange-currency/
@16:38 Gator Grads?
Yup! 🐊
Disappointed that MTG pre-release wasn't on there lol
Haha, we didn't go to a prerelease on the trip, but we did attend a couple of Modern tournaments and a Pauper tournament!
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Wonderful video! I really appreciate the detailed breakdowns and just the overall transparency. Great to see y'all had fun too! 🦘🪃🐨
Thanks! Glad you liked it! 🙂