Retirement; like your parents, but way cooler
In 1991 Billy and Akaisha Kaderli retired at the age
of 38. Now, into their 4th decade of this
financially independent lifestyle, they invite you
to take advantage of their wisdom and experience.
Budget for Wanderlust in Retirement
Q and A with a Reader
Hi Akaisha and Billy
Thank you for your time and
further valuable information.
I come from India and hence have a fair good
estimate of the costs associated with
Transportation, Taxes and Food/
Entertainment. In India, fortunately these are relatively cheaper with good
access to medical
care as well. I have been fortunate to own property in India
that shall give me sufficient rental income to support these costs.
It is just
my wanderlust that I am unable to estimate the budget for as I really want to
see all continents as a traveler/retiree. I will surely do more research
around retirement in India, especially around communities.
Thank you once again for taking out time to
Florist in Ho An market, Vietnam
As of now we are in Dubai and if you happen to travel to/ through UAE,
we shall be happy to host you.
Take care and stay safe!! God bless
in Cabrerra, Dominican Republic
Thank you for your latest email, and for your
willingness to host us, should we ever get to UAE! What an amazing country.
You mentioned that you were unable to
estimate your travel costs while in retirement - I understand that some retirees
have a special budget for that.
For Billy and me, we travel
as a lifestyle
and we keep a
running average of expenses, both daily and annually. Also we keep
a two year trailing average.
We don't have a separate stash of money set
aside for travel.
Historic District Plaza, Quito, Ecuador
Again, if you modify those categories that I mentioned previously
you can incorporate travel into your lifestyle and know immediately if
you are going over your desired daily or yearly average.
Do you know what Geo-arbitrage is?
That's when you utilize living/visiting in
low-cost countries (perhaps India!) to bring your cost of living average down.
For instance, if Billy and I go to Paris,
Norway, San Francisco, etc, with a high cost of living, and it blows out our
daily average, then we spend time in
Asia to bring that
daily average back down.
In your case, you would be living in India
with a low cost of living and then visiting other countries adding the cost of
lodging to your daily average. This would temporarily make
the (yearly or daily) average rise. But then you return to your home country of
residence, and the average drops once again.
Indigenous in Otavalo, Ecuador
This is how you monitor those costs.
We knew of a woman who retired and then for
the next 5 years she did all these expensive trips without watching her
spending. She didn't understand how she could continue her retirement in this
manner because she was rapidly running out of money.
The thing was... She was traveling as a
tourist and not doing her daily averages.
You might want to read this article again -
It's a Lifestyle, Not a Vacation. It will give you some insight to work with.
I hope I was able to present this clearly and
usefully to you.
Let me know if you have any questions.
Thanks for keeping in touch, Rajat and let us
know how you are doing.
About the Authors
Early Lifestyle appeals to a different
kind of person – the person who prizes their
independence, values their time, and who doesn’t
want to mindlessly follow the crowd.
Retire Early Lifestyle Blog
About Billy & Akaisha