Great video with a lot of useful figures, data, info and explanation. It must have taken a good bit of time and effort to produce the video, so thanks. Only thing I would say was missing, seeing as you touched on things like investment gains, was the cost of inflation on your wealth during the period. Not necessarily easy to do as everyones personal inflation rate is different but this would have then given a totally complete picture. Or at least a mention to bear it in mind as people often forget/its impact. Hope the video gets lots of views as it deserves!
Thanks for saying so! Actually, this was by FAR the most time we've ever spent on a single UA-cam video, so we really appreciate you noticing. Feel free to share! 😁 Inflation definitely has some impact, and you're right that it's not included in this analysis, but over a 3-month period, it's not typically a very significant effect, since inflation only averages about 3% per entire year. During this specific 3-month trip, the change in US CPI was +1.68%, which is around 6.8% on an annualized basis (above average) - but still not a gigantic impact on the overall numbers here.
@@TripOfALifestyle thanks for the reply. With the cost of inflation, don't you need to take account of it not on what you spent on the trip but it's impact on your entire net worth. So although the % figure might be small, if you have a 7+ figure net worth, it can be a large $ amount. Not saying it is going to massively change the trips figures, just something that I thought was missing from an otherwise very comprehensive video. Compared to the normal vacation this trip was a great example of how savings can be had by having the freedom of FI. As well as the time to relax and fully enjoy the trip rather than cramming in everything in a week or two. Keep up the great content 👍
@@C4sp3r123 Yep, you are correct. That is exactly how the math works. However, your investment gains also scale with the size of your portfolio, so as long as you keep the vast majority of your wealth invested at all times, it is possible to combat the effects of inflation (in the long run) with any size portfolio. In our case, we were definitely still positive after accounting for inflation, but you're right; it would have been an interesting thing to talk about in the video!
@@C4sp3r123 Oh, and here are our detailed thoughts on inflation in general, if you're curious: www.tripofalifestyle.com/money/what-is-inflation/ Appreciate the comments! 🙂
Awesome video and I thank you for breaking it down!! Even with the current crypto dip, l'm still glad I can smile back at my portfolio of $119,700 accumulated from my trade, I'm having my 3rd withdrawal in 12 business days
Does the tip about ordering the ingredients for burgers a la carte also work for Burger King and McDonald's in America?
Not sure tbh! Here's a list of other menu hacks we've found: www.tripofalifestyle.com/money/hack-the-menu-and-pay-less/
PB&J all the Way!!!!
Yes!! 😋
Looking forward to this one, you guys rock 💰💰
Thanks for watching! 😊
Great video with a lot of useful figures, data, info and explanation.
It must have taken a good bit of time and effort to produce the video, so thanks.
Only thing I would say was missing, seeing as you touched on things like investment gains, was the cost of inflation on your wealth during the period. Not necessarily easy to do as everyones personal inflation rate is different but this would have then given a totally complete picture. Or at least a mention to bear it in mind as people often forget/its impact.
Hope the video gets lots of views as it deserves!
Thanks for saying so! Actually, this was by FAR the most time we've ever spent on a single UA-cam video, so we really appreciate you noticing. Feel free to share! 😁
Inflation definitely has some impact, and you're right that it's not included in this analysis, but over a 3-month period, it's not typically a very significant effect, since inflation only averages about 3% per entire year. During this specific 3-month trip, the change in US CPI was +1.68%, which is around 6.8% on an annualized basis (above average) - but still not a gigantic impact on the overall numbers here.
@@TripOfALifestyle thanks for the reply. With the cost of inflation, don't you need to take account of it not on what you spent on the trip but it's impact on your entire net worth. So although the % figure might be small, if you have a 7+ figure net worth, it can be a large $ amount.
Not saying it is going to massively change the trips figures, just something that I thought was missing from an otherwise very comprehensive video.
Compared to the normal vacation this trip was a great example of how savings can be had by having the freedom of FI. As well as the time to relax and fully enjoy the trip rather than cramming in everything in a week or two.
Keep up the great content 👍
@@C4sp3r123 Yep, you are correct. That is exactly how the math works. However, your investment gains also scale with the size of your portfolio, so as long as you keep the vast majority of your wealth invested at all times, it is possible to combat the effects of inflation (in the long run) with any size portfolio.
In our case, we were definitely still positive after accounting for inflation, but you're right; it would have been an interesting thing to talk about in the video!
@@C4sp3r123 Oh, and here are our detailed thoughts on inflation in general, if you're curious: www.tripofalifestyle.com/money/what-is-inflation/
Appreciate the comments! 🙂
@@TripOfALifestyle Thanks, I will give it a read.
Thanks for sharing! Great job!
Always inspiring! Thanks for sharing such detailed, helpful information.
Appreciate the comment. Glad you enjoyed the video. 😊
That was amazing. What is the best way to save on currency exchange?
Thanks! Here are the best options for that: www.tripofalifestyle.com/gear-and-tips/where-to-exchange-currency/
@16:38 Gator Grads?
Yup! 🐊
Awesome video and I thank you for breaking it down!! Even with the current crypto dip, l'm still glad I can smile back at my portfolio of $119,700 accumulated from my trade, I'm having my 3rd withdrawal in 12 business days
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I have heard a lot about Mr Rowan Duckstein and his good investments skills, please how safe are her profits?
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Disappointed that MTG pre-release wasn't on there lol
Haha, we didn't go to a prerelease on the trip, but we did attend a couple of Modern tournaments and a Pauper tournament!
Wonderful video! I really appreciate the detailed breakdowns and just the overall transparency. Great to see y'all had fun too! 🦘🪃🐨
Thanks! Glad you liked it! 🙂