If someone told you that you could invest for your future by traveling the world, you probably wouldn’t believe them. How can going on a work vacation to Europe make you richer? Surprisingly, doing this can help cut years off your retirement horizon, allowing you to save more, spend less, and r your reach your future goals faster than ever before. Don’t believe it’s possible? Scott and Mindy prove the profits behind doing so in this Finance Friday episode!

Today we’re talking to James, who is inches away from retirement. He has only a few years left before he can sail off into the sunset, but James wants to know how he can reach his goals even faster. He keeps his spending low, continuously invests, and has a remote work position, allowing him to work wherever he wants. He dreams of living in other areas of the United States but wants to ensure he has enough money to do so.

His highest monthly cost? Housing! Like most Americans, a majority of James’ spending is for the roof over his head, but could geographic arbitrage turn his travel plans into a seriously profitable excursion? For those who are trying to hit FI, are close to FI, or simply want to spend more time enjoying life abroad, this episode is for you!

Show Notes at:

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Past Episodes Mentioned in Today’s Show:
Retirement Manifesto:
Coast FI:
Ramit Sethi:
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Retirement Tools Mentioned in This Episode:
The Ultimate Pre-Retirement Checklist:
When Can I Retire:
FIRE Simulator:
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Swap Houses All Over the World:

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Connect with Scott and Mindy on BiggerPockets:
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Episode 334

00:00 Intro
02:59 Income and Expenses
04:21 Assets and Liabilities
05:35 Financial Goals
07:06 Defining Your Retirement Goals
10:53 Coast FI and Geographic Arbitrage
27:24 Calculating Your FI Number
33:03 Writing Your “Retirement Manifesto”
35:08 Rethinking Retirement Spending
40:01 Grab the FIRE Planning Sheet!

#biggerpockets #biggerpocketsmoneypodcast #episode334

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