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445: Can’t Afford to Travel? Nomadic Matt Says You’re (Probably) Wrong

BiggerPockets Money Podcast

English - August 28, 2023 06:00 - 44 minutes - ★★★★★ - 2.8K ratings
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Travel hacking allows you to see the world for less than you spend at home. That’s right. If you took your rent or mortgage payment in the US and traded it for traveling abroad, you could live off far less money and do far more than you do back in the States. But you’ll need to know how to work the system before you take off on your flight, or else you might come home happy and full but broke.
Matthew Kepnes, better known online as Nomadic Matt, made travel his full-time job, documenting how much he spent, saved, and enjoyed along the way. Matt has spent more time outside the US than most Americans will in their lives—and he has some secrets to share. Matt goes over EXACTLY how to start travel hacking, from credit cards to cheap activities, hostels, hotels, and horror stories you should try to avoid.
Matt also shares why so many Americans spend WAY too much money when they’re abroad and what you can do tomake your trip last FAR longer IF you follow a few essential tips. So, if you want to finally take the year off and wander around Europe, Southeast Asia, or Central America but don’t think you have the funds to do so, Matt is here to prove you wrong.

In This Episode We Cover
The most cost-effective way to travel and why you MUST “travel like you live”
Why smart spenders MUST get a travel rewards credit card NOW
Geographic arbitrage and the cheapest countries/areas to stay in for weeks (or months!)
Hostel horror stories and why it ISN’T all partying and bunk beds
Free activities you can do in ANY city and where to find them
Matt’s top travel websites and apps to find hotel and flight deals for cheap 
And So Much More!

Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Scott's Instagram
Mindy on BiggerPockets
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
How to Earn Free Vacations With Travel Rewards Credit Cards

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-445
 
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices

Travel hacking allows you to see the world for less than you spend at home. That’s right. If you took your rent or mortgage payment in the US and traded it for traveling abroad, you could live off far less money and do far more than you do back in the States. But you’ll need to know how to work the system before you take off on your flight, or else you might come home happy and full but broke.

Matthew Kepnes, better known online as Nomadic Matt, made travel his full-time job, documenting how much he spent, saved, and enjoyed along the way. Matt has spent more time outside the US than most Americans will in their lives—and he has some secrets to share. Matt goes over EXACTLY how to start travel hacking, from credit cards to cheap activities, hostels, hotels, and horror stories you should try to avoid.

Matt also shares why so many Americans spend WAY too much money when they’re abroad and what you can do tomake your trip last FAR longer IF you follow a few essential tips. So, if you want to finally take the year off and wander around Europe, Southeast Asia, or Central America but don’t think you have the funds to do so, Matt is here to prove you wrong.


In This Episode We Cover

The most cost-effective way to travel and why you MUST “travel like you live”

Why smart spenders MUST get a travel rewards credit card NOW

Geographic arbitrage and the cheapest countries/areas to stay in for weeks (or months!)

Hostel horror stories and why it ISN’T all partying and bunk beds

Free activities you can do in ANY city and where to find them

Matt’s top travel websites and apps to find hotel and flight deals for cheap 

And So Much More!


Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding

Join BiggerPockets for FREE

Scott's Instagram

Mindy on BiggerPockets

Grab Scott’s Book, “Set for Life”

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Apply to Be a Guest on The Money Show

Podcast Talent Search!

Money Moment

How to Earn Free Vacations With Travel Rewards Credit Cards


Click here to check the full show notes: https://www.biggerpockets.com/blog/money-445

 

Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices