445: Can’t Afford to Travel? Nomadic Matt Says You’re (Probably) Wrong

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 28 August 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Travel hacking allows you to see the world for less than you spend at home. That’s right. If you took your rent or mortgage payment in the US and traded it for traveling abroad, you could live off far less money and do far more than you do back in the States. But you’ll need to know how to work the system before you take off on your flight, or else you might come home happy and full but broke. Matthew Kepnes, better known online as Nomadic Matt, made travel his full-time job, documenting how much he spent, saved, and enjoyed along the way. Matt has spent more time outside the US than most Americans will in their lives—and he has some secrets to share. Matt goes over EXACTLY how to start travel hacking, from credit cards to cheap activities, hostels, hotels, and horror stories you should try to avoid. Matt also shares why so many Americans spend WAY too much money when they’re abroad and what you can do tomake your trip last FAR longer IF you follow a few essential tips. So, if you want to finally take the year off and wander around Europe, Southeast Asia, or Central America but don’t think you have the funds to do so, Matt is here to prove you wrong. In This Episode We Cover The most cost-effective way to travel and why you MUST “travel like you live” Why smart spenders MUST get a travel rewards credit card NOW Geographic arbitrage and the cheapest countries/areas to stay in for weeks (or months!) Hostel horror stories and why it ISN’T all partying and bunk beds Free activities you can do in ANY city and where to find them Matt’s top travel websites and apps to find hotel and flight deals for cheap And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott’s Book, “Set for Life” Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment How to Earn Free Vacations With Travel Rewards Credit Cards Click here to check the full show notes: https://www.biggerpockets.com/blog/money-445 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast, where we interview Matt Keppness and talk about travel hacking and living a nomadic lifestyle.
0:07.5	Hello, hello, hello, my name is Mindy Jensen and with me as always is my sedentary co-host, Scott Tricks.
0:13.0	Oh, it's Mindy with the hostile introduction today.
0:16.5	Sedentary in that you have a baby and traveling with a baby is not as much fun as not traveling with a baby.
0:23.5	She won't be a baby forever.
0:25.0	Scott and I are here to make financial independence less scary.
0:28.0	Less just for somebody else to introduce you to every money story because we truly believe financial freedom is attainable for everyone no matter when or where you're starting.
0:37.0	Whether you want to retire early and travel the world or not wait until you retire early and travel the world anyways.
0:42.0	Go on to make big time investments and assets like real estate or start your own business.
0:46.0	We'll help you reach your financial goals and get money out of the way so you can launch yourself towards your dreams.
0:50.0	Scott, I am super excited to be here and I am super excited about our new segment which is called the Money Moment.
0:57.0	This is where we share a money hack tip or trick to help you on your money journey.
1:02.0	Today's money moment is get rid of your cable package.
1:06.0	I know many companies try to use this as a bundle your internet to make it cheaper but many streaming services actually cost less and have live TV built in.
1:16.0	Crunch the numbers and see if you come out ahead by separating out your services.
1:21.0	Do you have a money moment for us?
1:23.0	Email money moment at bigger pockets dot com.
1:26.0	All right, Scott.
1:27.0	Today's show we're talking about travel and travel hacking and I have a personal question for you.
1:32.0	Where is the most favorite place you've ever been?
1:35.0	I'll give you three quick ones.
1:36.0	One is Maui as I mentioned in there.
	...

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