The Property Academy Podcast How Much Does It ACTUALLY Cost to Travel the World ⎥ Ep. 1932
Dec 25, 2024
Discover the true costs of traveling the world from New Zealand! Learn how to set a travel budget and what to include in your long-term wealth plans. Explore examples from mid-range trips in Europe to affordable adventures in Bali and Vietnam. Understand the impact of travel styles, peak seasons, and the benefits of renting your home to fund your travels. Plus, get tips on using a holiday budget planner to accurately estimate your expenses. Get ready for your next adventure!
AI Snips
Chapters
Transcript
Episode notes
Costs Depend On Style And Destination
- Travel cost depends on travel style and destination, not a single number.
- Overlaying budget (budget/moderate/luxury) with location (low/mid/high cost) clarifies expectations.
Budget As Flights Plus Weekly Cost
- Plan travel as 'flights plus cost per week' to simplify budgets.
- Treat flight as fixed trip cost and weekly spend as the variable based on trip length.
Ed's Bougie Europe Trip Budget
- Ed is in Italy and Switzerland and budgets about $5,000 a week per person for a mid-range, expensive-time trip.
- He plans three weeks and estimates roughly $15,000 per person plus flights.