Travel/Holidays

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Nomad
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Travel/Holidays

Post by Nomad » Tue May 29, 2018 1:49 pm

I'm not sure this is in the correct section however...

Does anyone manage to do a lot of holidays/vacations while in early retirement extreme mode/
Which strategies actually work?

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Seppia
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Location: Italy

Re: Travel/Holidays

Post by Seppia » Tue May 29, 2018 2:48 pm

look for user slowtraveler among others.
I am still working my a$$ off at this time so I don't feel like I can give a lot of recommendations

prognastat
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Re: Travel/Holidays

Post by prognastat » Tue May 29, 2018 4:46 pm

I am not too familiar with it as I'm still in accumulation myself, but it seems one of the common ways people finance it is travel hacking with credit cards. Though I suspect the more ERE you are(lower spending) the harder it is going to be to use your spending to generate points.

The other thing that seems common is finding ways to slow travel and not spend like a tourist while traveling.

jacob
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Re: Travel/Holidays

Post by jacob » Wed May 30, 2018 11:09 am

Nah, if you spend enough money on credit cards to get enough airline miles for more than a bus ticket, you're doing something wrong (relative to ERE).

The concept of holiday in the sense of traveling somewhere far away only to return home again a couple of weeks later for no productive reason doesn't really exist within the ERE framework.

What actually works:
  • If you must, swap houses or stay in someone's guestroom/couch. In return they can do the same for you. (I have plenty of offers for this and returned plenty as well but only ever did it twice.)
  • Slow travel. After selling your main home or renting it out, you pack your luggage and take off and stay where you want to go for 6+ months or more. This is to amortize the ticket. You want your annual ticket expenses to be very low.
  • Relocation. Same thing but you stay in the new place. This is what I do.

sky
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Re: Travel/Holidays

Post by sky » Wed May 30, 2018 6:21 pm

We are currently living in a van and moving slowly west toward the Rocky Mountains. Our average is about 100 miles a day, which is too fast to be low cost living. Ideally moving 100 miles every week or two would be much cheaper.

Bicycle touring can be extremely low cost if you cook your own food and travel through areas with free camping opportunities.

Stahlmann
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Re: Travel/Holidays

Post by Stahlmann » Fri Jun 01, 2018 2:18 am

jacob wrote:
Wed May 30, 2018 11:09 am
Nah, if you spend enough money on credit cards to get enough airline miles for more than a bus ticket, you're doing something wrong (relative to ERE).
I witnessed ability to collect miles from company "Flying Miles Card/Club TM" as worker from 2nd world country who works remote (being put in steel cage in somewhere up to 30 miles from any coastline, of course this advantage would be given to senior positions; supply of such workers: 50k worldwide as for 2008-2017; post turned into humble brag; I didn't intend to do so... it's more about finding ways to "beat the [job] market" using different perspectives and then finally applying this shit IRL...). Benefits probably could be used personally (card was tied to person).

Still it was closer to 1 person 1 ticker per 1 year. Didn't do the math back then, wasn't interested in PF ("You need to work in life? really?!! Such crazy idea... ").

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Astra
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Re: Travel/Holidays

Post by Astra » Fri Jun 08, 2018 10:54 am

I traveled for free (not counting food costs) while broke and in my early 20ies by combining couchsurfing and hitchhiking. This works great in Europe, with open borders and no need to fly. Could also work well inside USA. Meeting locals is great, and you can usually cook something with your host for cheap eats, and they can also suggest free activities in their hometown so you can avoid expensive tourist entertainment. Many great things about a city are free anyway (bathing in the river, seeing the architecture, enjoying the atmosphere, street art, seasonal festivals). I've also couchsurfed in rural areas, in which case you help out on the farm, go hiking or horseriding. Rural hosts get less travelers, so they are especially generous, as long as you are a pleasant guest. I use "couchsurfing" as a verb, in reality, the platform couchsurfing.com has become very overrun lately, I moved on to BeWelcome and warmshowers if on bike. I've always felt safe hitchhiking, but it can be very energy-consuming: for your free ride you owe at least to have a conversation with your driver. It helps to travel in a pair: one can chat with the driver, the other can chill or sleep in the back seat. Many people in their 30-40ies are happy to give you a ride and reminisce about the hitchhiking adventures of their youth. Sometimes they insist on inviting you for dinner (so they can reminisce some more?). It also helps if you don't look like an axe-murderer!

The other option: travel in an RV or van. Cost-wise, this should be similar to living in a trailer, but I have no experience with this.

thrifty++
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Re: Travel/Holidays

Post by thrifty++ » Sat Jun 16, 2018 6:22 pm

I have travelled a couple of times for long periods. This was before I discovered ERE. I was still very frugal but far less strategic and extreme about it all. So my long travel periods still made a hit on my NW accumulation but were not disastrous. I saved money by staying in backpacker hostels in the bunks and in rooms off airbnb.
Now I am about to take a sabbatical from work for 5 months and I have done my budget. I do consulting work on the side which I can do remotely. Depends how much I want to work though otherwise it will defeat the point. But I will be staying mainly in one or two places which limits costs significantly because of avoiding transit costs and means because of the length of time I can live like a local and stay in a room in a shared place at local rates, cook in the kitchen, buy groceries, etc.

According to my budget the amount of money I get from consulting and investment income will very closely match my expenses. Depending on how much consulting work I want to do and how low I want to get my expenses I could end up increasing my net worth. But I want to relax and not stress about it so it is likely I my net worth will stagnate rather than increase or decrease which is fine by me.

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