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Afford Anything

How to Travel on $75 Per Day, with Nomadic Matt Kepnes

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 28 March 2025

⏱️ 77 minutes

🧾️ Download transcript

Summary

#594: Ever wonder if you could afford to travel for months at a time? According to Nomadic Matt, who's visited more than 100 countries over the last 19 years, you can see the world on just $75 a day. That's about $27,375 per year, less than many people's current cost of living. Matt Kepnes, better known as Nomadic Matt, joins us to challenge common assumptions about travel costs. He explains that long-term travel can actually be cheaper than staying home. When you're traveling, you shed many regular expenses that eat into your budget back home, like car payments, home insurance, and utility bills. The key is to "travel like you live," as Nomadic Matt puts it. This means using public transportation instead of taxis, shopping at local markets, and seeking out free activities — just like you might do in your hometown. It's not about staying at five-star resorts, but experiencing destinations authentically while keeping costs reasonable. Nomadic Matt also breaks down several travel myths. The old advice about booking flights on Tuesdays? Outdated in today's algorithmic pricing world. Using incognito mode to get better flight prices? No evidence supports this idea. He does confirm that booking round-trip flights often costs less than one-way tickets, even if you don't use the return portion. For those interested in credit card points, Nomadic Matt recommends choosing cards based on your specific travel goals rather than chasing the most popular options. Consider which airlines you use most and what perks you'll actually take advantage of. The pandemic has transformed travel in significant ways. While prices have increased and some budget travel services have disappeared, new opportunities have emerged — especially for remote workers who can now take advantage of digital nomad visas to live abroad while maintaining their income. Whether you're planning a two-week vacation or dreaming of becoming location-independent, Nomadic Matt's practical advice shows how international travel is more accessible than you might have thought. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) Intro to Nomadic Matt and $75/day budget (1:00) Modern hostels aren't grungy anymore (3:00) Origins of the $75/day travel budget (5:00) "Travel like you live" approach saves money (8:50) Mix accommodations based on trip needs (9:40) Choose travel cards matching your specific goals (16:40) Use points before devaluation happens (20:00) Best booking times for flights (37:00) Social media's impact on global travel (42:00) Overcoming language barriers easily (48:30) Post-COVID travel costs and changes (56:20) Remote work visas for long-term travelers (1:02:40) Why travel costs less than staying home (1:05:50) How location independence evolved from unusual to mainstream Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

If I challenged you to live on a budget of $27,375 per year, you'd probably say that I was nuts.

0:08.7

Today's guest believes that you can live on that while traveling the world, and we're going to see if you can prove it.

0:15.3

Welcome to the Afford Anything podcast, the show that understands you can afford anything, but not everything.

0:20.0

Every choice carries a trade-off.

0:22.4

This show covers five pillars. Financial Psychology, increasing your income, investing, real estate, and entrepreneurship. It's double-eye fire.

0:29.7

I'm your host, Paula Pant. I trained in economic reporting at Columbia, and I help you understand money so you can build wealth.

0:36.3

With us today is an esteemed travel

0:39.0

writer by the name of Matt Kepniss, who is better known as nomadic Matt. Welcome, Matt.

0:45.6

Hey, Bob. Thanks for having me. Thanks for joining us. You say that you can travel the world on

0:49.9

$75 per day. That's a bold claim, so we're going to hold your feet to the fire on that.

0:56.1

Please do.

0:56.8

Does that mean that if you're traveling at $75 a day, you're staying in the type of backpacker

1:04.0

hostels that are kind of grungy and they've got bedbugs and they're ideal for like 19-year-olds?

1:09.1

Well, most hostels aren't as grungy anymore.

1:11.7

They're not what you see on those old movies or TV shows.

1:15.5

They've upscaled.

1:16.6

Most don't have bed bugs.

1:18.2

Most.

1:19.2

Nowadays, the whole thing is like the pod.

1:21.7

Yeah.

1:21.9

So you have the dorms, but there's like curtains, and you have your own little light. They're a lot nicer than what you think of like your parents

1:29.9

roughing it in like the 70s or from the movie The Beach in 2000.

...

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