1887: The Holy Grail of Travel by Craig Stephens of Retire Before Dad on Finding Your Financial Independence

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🗓️ 10 May 2022

⏱️ 11 minutes

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Summary

Craig Stephens of Retire Before Dad talks about how financial independence affects traveling Episode 1887: The Holy Grail of Travel by Craig Stephens of Retire Before Dad on Finding Your Financial Independence Craig Stephens of Retire Before Dad is a 43-year-old IT professional, investor, and blogger based in the Washington, DC metro area. His primary financial goal is to retire at age 55, one year before his Dad retired. He writes about how to build income streams so you can explore the unusual. His first love is his beautiful wife and three kids. His second love is travel. Combining both in early retirement is the ultimate goal and his primary motivation for financial independence. The original post is located here: https://www.retirebeforedad.com/holy-grail-of-travel/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1887, The Holy Grail of Travel by Craig Stevens of Retire
0:08.2	Before Dad.com. And I'm your host and personal finance enthusiast, Diana Mariam. This is the show
0:15.2	where I serenade you with the sweet sounds of personal finance knowledge from some of the best
0:20.7	blogs on the planet, with the author's permission of course. And we have other shows where we read
0:26.8	articles to you. Just search for Optimal Living Daily wherever you're hearing this to find
0:31.7	all of our podcasts. But for now, let's hear today's post and start optimizing your life.
0:41.9	The Holy Grail of Travel by Craig Stevens of Retire Before Dad.com.
0:48.9	When it comes to time, money and travel, people fall into one of four categories.
0:55.2	Backpackers. Lots of time, but a finite amount of money. Vacationers. Enough money, but not much time.
1:03.2	Broke people. No money for travel and very little time. And financially independent travelers.
1:09.8	All the time and money needed to travel comfortably. In my 20s, I fell into the first category.
1:16.3	Backpacker. I had plenty of time, but a decreasing amount of money and a nagging reality in the
1:22.4	back of my mind reminding me that someday my traveling would end and I'd need to start working again.
1:29.3	Today, my family is firmly in the second category. Vacationers. We're more of a sitcom family now.
1:37.1	While I have a job with four weeks of vacation, a two week getaway is about the maximum
1:42.1	realistic break I can take. Without a drastic change in our housing and lifestyle,
1:47.4	long-term travel is out of the picture for the time being. During my 14-month trip to Asia and
1:53.4	South America in my 20s, I stayed in sub-optimal $5 a night hostels and hotels. But I've had
2:00.1	enough of that. When I retire for good by age 55, my wife and I want to be able to travel for
2:05.6	long periods of time, stay in nice places, take comfortable tours, and maybe even fly first class
2:12.1	on long flights. But comfortable travel is expensive, especially over the course of a few months
2:18.1	on the road. So we'll need to have plenty of investments providing income when we retire to
	...

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