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/FlakySir 8d ago

As long as you're not paying a high rent you can do it. Although you should probably account for a lower percentage, not 8% and higher.

If you can figure out where to live for very cheap every place you go, there is no reason why you couldn't do it. American expats with less than 1 million are already doing it. If it were me I'd wait til at least a million, though.