4.6 • 3.2K Ratings
🗓️ 13 July 2025
⏱️ 12 minutes
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0:00.0 | This is Optimal Living Daily, Travel, Tourism, and Living Abroad by Jacob Lundfisker of |
0:07.3 | Early Retirement Extreme.com, and I'm Justin Mollick. Welcome back to our usual Sunday bonus episode, |
0:13.7 | where I share an episode from a different podcast in the Optimal Living Daily network, |
0:18.1 | usually overlapping with the kinds of themes that come up here. |
0:26.5 | Today's episode comes from Optimal Finance Daily, and you can follow or subscribe to that show wherever you're hearing this if you enjoy what you're about to hear. So with that, let's get right |
0:30.6 | to the post and commentary from Diana as we optimize your life. |
0:39.0 | Travel, tourism, and living abroad by Jacob Lund Fisker of Early Retirement Extreme.com. |
0:47.2 | A couple of weeks ago, I posted the controversial statement that travel is not worth it. |
0:53.5 | This elicited many comments and so it's obviously |
0:56.3 | something people feel strongly about. I think therefore I should clarify things a bit. First, |
1:02.7 | some definitions. Travel. The process of getting from point A to point B. Tourism. Using the World Tourism Organization's definition, |
1:13.8 | tourism is traveling to someplace and being away from home for more than 24 hours and less |
1:19.9 | than one year and not being remunerated from the destination. Being away for longer than one year |
1:26.5 | while being paid would not be tourism. |
1:29.3 | Living abroad. |
1:31.3 | Moving your permanent address to another country and staying there long enough to learn the language, |
1:37.3 | read the newspapers, get local friends, work, go to local doctors, file taxes, and so on. |
1:43.3 | By law of the excluded middle, it should be longer |
1:46.9 | than a year. In a stretch, the case can probably be made that if you are only home for a few days a |
1:53.2 | year or not at all, you're really living abroad, even if you have not set up a permanent address. |
1:59.8 | It's clear to me that unremunerated tourism is a leisure |
2:03.3 | activity, whether it's to see the attractions, study museums, hang out on bars, climb mountains, or scuba dive. |
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