How We Got $26,000 Richer on a 3-Month Vacation

Рет қаралды 1,737

Күн бұрын

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

Пікірлер: 38

@choose1percentbetter Жыл бұрын

Thanks for sharing! Great job!

@nynick716 Жыл бұрын

Looking forward to this one, you guys rock 💰💰

@TripOfALifestyle Жыл бұрын

Thanks for watching! 😊

@ryanlong9193 Жыл бұрын

Always inspiring! Thanks for sharing such detailed, helpful information.

@TripOfALifestyle Жыл бұрын

Appreciate the comment. Glad you enjoyed the video. 😊

@Pipping-Hot 11 ай бұрын

PB&J all the Way!!!!

@TripOfALifestyle 11 ай бұрын

Yes!! 😋

@rebekkasmith6612 11 ай бұрын

Does the tip about ordering the ingredients for burgers a la carte also work for Burger King and McDonald's in America?

@TripOfALifestyle 11 ай бұрын

Not sure tbh! Here's a list of other menu hacks we've found: www.tripofalifestyle.com/money/hack-the-menu-and-pay-less/

@arshidmahmood1428 Жыл бұрын

That was amazing. What is the best way to save on currency exchange?

@TripOfALifestyle Жыл бұрын

Thanks! Here are the best options for that: www.tripofalifestyle.com/gear-and-tips/where-to-exchange-currency/

@joseorozco1383 Жыл бұрын

@16:38 Gator Grads?

@TripOfALifestyle Жыл бұрын

Yup! 🐊

@C4sp3r123 Жыл бұрын

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!

@TripOfALifestyle Жыл бұрын

Thanks for saying so! Actually, this was by FAR the most time we've ever spent on a single KZfaq 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.

@C4sp3r123 Жыл бұрын

@@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 👍

@TripOfALifestyle Жыл бұрын

@@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!

@TripOfALifestyle Жыл бұрын

@@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! 🙂

@C4sp3r123 Жыл бұрын

@@TripOfALifestyle Thanks, I will give it a read.

@tuffy11111 Жыл бұрын

Disappointed that MTG pre-release wasn't on there lol

@TripOfALifestyle Жыл бұрын

Haha, we didn't go to a prerelease on the trip, but we did attend a couple of Modern tournaments and a Pauper tournament!

@achainofbiocks6832 Жыл бұрын

Awesome video and I thank you for breaking it down!! Even with the current crypto dip, l'm still glad I can smile back at my portfolio of $119,700 accumulated from my trade, I'm having my 3rd withdrawal in 12 business days

@TripOfALifestyle Жыл бұрын

Beware to anyone reading: This comment thread has fake scam bots.

@achainofbiocks6832 Жыл бұрын

@Shuga Zaddy After I came across crypto trading platform of Rowan Duckstein my financial life has totally changed.

@quentinifversentl7968 Жыл бұрын

@@achainofbiocks6832 Same here lol, My previous profit withdrawal investing with Mr Rowan Duckstein was over $182,000 and it's still counting high

@solomonroberts7831 Жыл бұрын

I have heard a lot about Mr Rowan Duckstein and his good investments skills, please how safe are her profits?

@maryjaneonyewuchi7051 Жыл бұрын

@@solomonroberts7831 For me i have been working with him for a year and four months. And I have been getting my profits seems legit to me.