Ack! Recently, the stocks market has been up. The FED is expected to raise rate, and some sectors are entering the bear. I’m waiting for the bear, for that I’m building my cash position. I’ve been working on a few articles, I’ve been trying to link them to make them flow more fluidly.
Okay, back to Retirement Destination for Cheap. Recently, I was reading an article on GoCurryCracker, they advertised the Changmai apartment for $375, and $1 for pad thai, etc. It sounds very affordable.
Why you shouldn’t do it?
- Miss the early earning and compounding years. In our 20s, we should work hard to obtain a college education, get on the jobs and hustle hard. Use the money to invest. Compound interest is a great way to accumulate wealth, the earlier you invest, the earlier you can obtain wealth. You don’t really want to waste your younger years just to make end meets at these free options. In your 20s, that’s where you should do the bulk of the work to accumulate wealth.
- Don’t have a coming back plan or option. When you come back from these trips, you should have enough to afford basic American lifestyle. You don’t want the trolls to laugh at you when you come back broke. You don’t want to be stuck in the situation where you are too old to be hired, too young to retire. 😛
Why you should do it?
- Why wait until your net worth to grow an arbitrary $1M, $3M or $10M before pulling the trigger? Why not drop everything at $200K? Dividend Portfolio can yield 4%. That’s $8000/year. That’s $667/month. With some small jobs, you can make living aboard work, while allowing your portfolio to continue to grow if you can get Room and Board close to free.
- Experience different culture, food, scenery, life outside of America, or even exploring all of America is cool.
- Miss the golden age. With a blink of an eye, I was 17 years old, now, I’m 34 years old. I’m afraid if I blink again, I’ll be 68 years old. I don’t want to regret not trying anything.
- My biology teacher once told me, she traveled to Africa, some people in the group couldn’t *poop for a whole week because they don’t have the modern toilet. You have to learn to adapt early, traveling to a third world country is the best way to learn to be humble, to really appreciate what luxury we have in America.
So I did my searches. Here are what I found:
Room and Board: Campsite. Temperature can go down to the O degree Celcius, so 6 months of summer, maybe? You can eat for free at local social service, or cook your own at camp.
Bathroom: Shower on the Beach
Excursions: Beach, walking, hiking, boating
Making Money: Hustle to work on a Yatch and boat, odd jobs.
Tutor English To A Family In France -This position you have to apply for it. But it’s worth a chance. :P. Position is for 1, 2, or 3 months. I guess, you move from family to family?!!
Experience life in France and immerse yourself deep into the French culture. Live with a host family and tutor them in conversational English up to 15 hours a week in exchange for free room and board, making this one of the best volunteer abroad opportunities possible. Spend your free time experiencing the culture by traveling and exploring the area. This program has a focus on cultural exchange and host families are not only excited to learn English but also love to share the characteristics of their country, culture and cuisine.
Tools to Help You Travel Forever and Live Rent Free
CARETAKER’S GAZETTE (http://www.caretaker.org)
HOUSE CARERS (http://www.housecarers.com/)
ORGANIC VOLUNTEERS (http://www.organicvolunteers.com)
GLOBAL FREELOADERS (http://www.globalfreeloaders.com)
HOSPITALITY CLUB (http://www.hospitalityclub.org/)
There are some volunteer position you can take:
Conservation Volunteers, Australia and New Zealand www.conservationvolunteers.com.au
Appalachian Trail Conservancy, USA www.appalachiantrail.org – maintain trails, it’s a very scenic trail in on the East Coast
Sudan Volunteer Program, Sudan www.svp-uk.com – teach English in Sudan, but there are also country like Thailand, Vietnam, Cambodia, Japan, China, etc.
Peace Corps, Worldwide www.peacecorps.gov – One of my ex-roommate used to work for the Peace Corps, she had a great time. She wants to get back into doing it once she has some money saved up after she get back from the Corps.
Plum Village – Buddhist Monastery. You can camp or share some small cabin with other people. The work program can go 3-5 years, or you can apply for a short term program
**Some of these places, you’re required to do some work in exchange for room and board. You can learn more from here
Retire In Vietnam With $200,000 Of Savings? Rent in Vietnam can be $150/mon, food, transportation can go another $150-$350, depending on how luxurious you want.
Live in Thailand on $500 per month – This couple spent about $650 per month in Chiang Mai and a trip to Bangkok. I think the key is cost of living is less expensive when you share with people.
Here is a summary of their expenses in Thailand for 2 months including 7 days in Bangkok, which is much more expensive.
Hotel (6 nights in Bangkok) = $180
Return Airfare: Bangkok to Chiang Mai $280 for 2 people
Thai 60 Day Visa for two: $80
Food and Entertainment: $1141
Local Transportation: $124
You can feel down, and the world might look like it is collapsing, but there are always choices and things you can do for relatively with little or no money spent. Any of these options sound like an epic adventure to me. :P.
The million dollars question is “Would I do it now?” I probably can. But I won’t for now. Two big reasons:
Both Mr. and I have elderly parents. Mr. WRI’s Mom health condition isn’t very good. It is our responsibility to take care of our parents. Short trips are okay for now, but we can’t take months on out.
When we went to Puerto Rico, we saw some beach bums, that are either too poor or have no money to go back to their country. I don’t want to be in that position. I know I have the money to retire, but I’m someone who is more comfortable if I have a clear plan.
Update on Rental:
- I’ve install a new commercial grade gutter and gutter guard on both my properties. So, I’ll save $140 x 2 per year on gutter cleaning. And any additional damage due to water not draining property.
- I asked the guy to do it, he keeps stalling, and stalling, either because of rain or his other boss take priority before my property. I was excruciatingly painful to deal with the ordeal
- There is some movement on my roof. I’m going to have to spend extra money to jack it up and brace it. Getting ready for the stormy snowy season in the Northeast. Yikes!
2. One of the unit, one tenant is graduating, so she wants to sublet her room. One thing having a property with good fengshui is people advance faster. When they do, they want to move on. 😛 The dilemma is the roommates want another student to move in, and they want to choose their own roommate. But they haven’t gotten any luck, and they were concern that the girl is listing an ads on Craigslist. I haven’t heard back, as it is still a month away from her moving out. The roommates want the girl to honor the whole lease, as it is to their incentive having less people in the apartment.
Update on Vacations: We will take three vacations for this winter-spring.
One of the thing on my bucket list is to learn to ski. For the first time in my life, I would like to embracing the winter to its fullest – the snow, the cold, and the sports of the winter. Yes, I’m tired of scraping off snow off my car, or having making snow each time I breathe out. I take it if I embracing it, maybe the winter would go away faster? Maybe? 😛
So for this, we will take two long weekend trips. I’d like to buy the season pass, and spend the long weekends until we “master” skiing. (*I use master loosely, as for us, our goal is probably not to fall down, and ski in straight lines, have some control when we make turn. That’s it!!)
Photo Credit: http://3.bp.blogspot.com/_mGLthbx_H0M/SwL3BgT4EtI/AAAAAAAAATo/-JdIlRsapcs/s1600/Texsport_Hammock.jpg
One trip to Caribbean Islands – I don’t know which island yet. My wishlist includes Grand Cayman, Belize, Dominican Republic, Sint Maarten (if I make it here, I’ll take day trip to see surrounding islands) as I can’t shop for airline ticket ahead of time as the tickets are still in the $600 minimum, last year we scored the Puerto Rico ticket for below $300. I’d like the same equal deal, perhaps?! Crossing my fingers. I’m learning French, according to duolingo.com, I’m progressing at 44% fluency. (I’m still not comfortable yet, still struggling with the French “R”. I’ve been watching French movies, tv show, listening to song, read children stories, subscribe to Francophone bloggers. The next step is to go to French speaking country such as Sint Maarten to practice.
Would you try any of these option? Have you back pack to Europe or to South America, Asia or Africa before?