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From Era One: "Spending - How Much Does It Cost to Travel?"

This is from Era One, a 23 page writeup of my last year of travels, with some included lessons. I'm going to have a few excerpts of Era One this week, alongside our regularly schedule programming. You can download your free copy of Era One here - Era One - Download PDF

Spending – How Much Does it Cost to Travel?

I get this question a lot. People wonder how I can travel and hop around the world when I’m not working?

The truth is, it’s cheaper to spend a few months in a developing country than it is to stay in a city in the Western world. The expensive part is getting there – airfare. But after around three months, airfare+expenses becomes cheaper than staying home. Cheaper rent and much cheaper food.

I’ve got some friends here and there, so I might stay with friends for a while and get them gifts or take them out in lieu of getting my own place, but even renting a place can be done cheap. Like I said, I was paying $12/night in Seoul to stay in a jimjilbang. Now, if you lived in Seoul, you wouldn’t want to stay in a jimjilbang all the time. But for a month, paying $360 to stay at a place with a gym, sauna, pools of water/minerals, sleeping areas, restaurants, snack stands, and more – it’s a fantastic deal. Yes, I didn’t have my own space there. Yes, I had to check out during the day. Yes, there’s some hassle involved. Yes, it’s not always good sleeping. But $360, man. For a month. And that includes the hot rooms, cold rooms, the various mineral and herb baths, and all the weights and cardio I want. Fantastic.

Monthly Financial Review - July 2013

On The Blog of Damon

In the spirit of Austin K Wood and The Simple Dollar, every month I'm going to start posting a personal financial review.

The idea of these posts is that they will help me track my own progress. I could do this private but opening this up to a public audience will drive me to succeed. I also want to be honest about what is and what is not working. I'll break things down by my assets and debts to calculate my net worth. Using these numbers I'll set goals for the upcoming month.I'm sure these reviews will evolve as I get into them however here is the start.

July Monthly Financial Review

July - Assets +4.53%, Debts 0%

In July and August my single biggest goal is to build up a cash buffer for when I head to Argentina at the end of August. I did pretty well on this goal increasing my cash by 26% and that's even after buying my flight to Argentina which set me back $1300.

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