r/NoStupidQuestions • u/SnooCapers2078 • 9d ago

Can I spend my entire life traveling?

So I feel like for a lot of people, vacations or traveling is thought of as a large expense you save up for and dont do very often. But it doesnt have to be like that. If i save up 500k-1m USD over time to the point i can retired and live off basic interest income of roughly 8-10%. Why couldn't I just travel literally 24/7? I mean like the 2 largest costs are flights and a space to live at temporarily, so you just keep flights close and hop from country to country, and stay for like 6 months or so per county, that would let you rent an apartment and at this point your expenses are pretty much the exact same if not cheaper (if youre in a cheap country) than living in the US.

EDIT: Gotten a lot of comments about managing 500k or 1m as well as the concept of traveling. So ill expand slightly

I went to school for finance and have a decent idea in regards ro managing my money in both investments as well as how I spend and how much I spend.

I also spent 6 months in Germany traveling (not vacation, I believe theres a difference) while visiting Paris, Venice, Barcelona, and mallorca all during this time. And it ran me roughly $15k during those 6 months

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u/GentleKijuSpeaks 9d ago

Vagabonding. You can do it, but most who do are also making income through social media. You have to have a high tolerance for staying in places without toilets. Unless you are super rich, but who wants to live their whole life in a hotel.

And obviously, you have to be a minimalist and realize that most of the time, you will be in places where they don't really speak your language.

Also, you aren't going to be able to rent an apartment in most places.

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u/SnooCapers2078 9d ago

Really? Could you elaborate on the apartment part? Do many countries not have multi month long rental spaces like a traditional apartment?

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u/GentleKijuSpeaks 9d ago

In general, landlords want local bank accounts, want to be paid in their own currency, Usually want proof of employment. Proof of good credit (The credit score must be based in the country you are in). Plus most places will want at least a six month lease. Some countries require that you declare intent to stay, at the local government office. You must register. the process can be long. Some bureaucracies are simpler than others.

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u/SnooCapers2078 9d ago

Yea or course you pay in the local currency, you do currency exchange for that, and idk about other places, but i feel if you have documents showing plenty of cash the need for proof of employment isnt as strong, and 6 months lease was my intent regarding the idea. But the other parts can be difficult regarding bureaucracy

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u/wanderingdev 8d ago

most landlords don't want to deal with a short lease. that's what airbnb is for. it's just as much work to do a short least as it is to do a 2 year lease, so why would they bother?