Spend Money on Travelling or Save Money

Should you spend money on travelling or save money? Sam  from Phoenix, USA asked a question “I am a travel enthusiast, I have $65,000 savings, I have no work and no plan to work for other people (employee). Should I spend a lot of money just to enjoy  my travel?”Answer: It is nice to travel the whole world. Going to a places you love is a type of achievement. Many people is dreaming to have that kind of lifestyle (traveling and enjoying). But, they didn’t realized that if they will invest the money they spent in traveling they will achieve financial freedom and the best thing is when one achieved financial freedom they can also achieve time freedom – wherein, you can travel anytime.

If you have other questions related to this topic, please go to Return-On-Investment.Org contact page and start asking money problems.

Spend Money on Travelling or Save Money

In the case of Sam, she have $65,000 savings and she wants to travel. It is a wise decision for her if half of that money will invest in stocks or mutual funds (say 20,000 dollars in stocks and 15,000 dollars for mutual fund “money market fund”).

And the other half must save for his emergency funds and some of her money should use to purchase life insurance, health insurance and travel insurance.

Some of her money should invest in business enterprises. She should start he own business since she don’t want to work for someone else. The beauty of having a business is that you can “make a lot of money” rather than being an employee and relying on paycheck to paycheck per month.

Suffer Now and Enjoy Later!

I do hope this simple answer will satisfied Sam. Maybe this is not the best advice. But if I were Sam, I will follow these tips. Why? the stocks and mutual funds investments is for my retirement, the profit I make from business will invest in other vehicles. That way, I can retire young and I have still lot of time to travel. It’s just a game entitled “suffer now and enjoy later” or “enjoy now and suffer later”.

I do believe you liked this page, please share it with your friends and other travel enthusiasts. Thank you for spending your time reading this simple answer.