How Affordable Is Nomadic Retirement? Real Cost After 4 Years Of Slow Travel | WarrenJulieTravel.com
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- Опубликовано: 21 июл 2024
- Thinking about retirement travel? See how we managed four years of nomadic life on a budget. This video reveals the surprising truths about the costs and strategies that have kept our journey affordable and fulfilling. Please visit our website to get more information: www.warrenjulietravel.com/
We dive into the costs and experiences of slow travel as retirees, providing real numbers and practical advice. Learn how we've stretched our retirement funds while embracing a nomadic lifestyle with our dogs across various countries.
We consider ourselves the first retirement travel channel vlog sharing travel hacks, cost of living, and what it’s like to live somewhere. We are “Warren & Julie Travel Nomad Expats” Thinking of retiring early and traveling the world?
This video shares lessons from our four years of slow travel, from budgeting to finding the best destinations. Learn from our experiences as slow travelers and get ready for an unforgettable retirement adventure.
👍 Did this video help you think differently about retirement travel? Please like, subscribe, and leave your questions or tips in the comments below!
Join us as we continue to share our adventures and insights. Your support helps us bring more content to inspire your travels!
🕒 Chapters:
00:00 - Introduction
02:50 - Starting Our Nomadic Journey
06:10 - Real Costs and Savings Breakdown
09:20 - Lessons Learned from 4 Years of Travel
12:30 - Our Tips for Affordable Nomadic Living
This video is about How Affordable Is Nomadic Retirement? Real Cost After 4 Years Of Slow Travel. But It also covers the following topics:
Full-Time Nomad Expenses
Travel Hacks For Retirees
Living Abroad On A Budget
Video Title: How Affordable Is Nomadic Retirement? Real Cost After 4 Years Of Slow Travel | WarrenJulieTravel.com
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✅ About Warren & Julie Travel - Slow Travel Nomad Expats.
We are Warren & Julie, early retirement travelers who slowly travel full-time. We transitioned to a permanent life of slow travel and early retirement in March 2020. We aim to spend 1 to 3 months exploring each country, punctuated by side trips and exciting adventures.
We show all the costs involved in our lives of full-time travel. We want to feel the culture, know the people, and examine the cost of living while also doing the typical tourist attractions. Did we mention our two dogs? They add an extra layer of complications at times! As of 2024, Warren has visited 46 countries; Julie, 45, and our Dogs, Katie and Arya, have been to 27 countries. You are invited to join our slow travel roving early retirement journey!
For Collaboration and Business inquiries, please use the contact information below:
📩 Email: warrenjulietravel@gmail.com
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#nomadicretirement #slowtravel #budgettravel #retirementplanning #travelhacks
© Warren & Julie Travel - Slow Travel Nomad Expats
Inspirational! Im 35 but trying to work towards something like this in 10 years
I hope it works out for you! Thanks for watching us.
Hey all. Great video. When I told my wife a while back that we could "slow" travel the world and spend less than $3,000 a month, she laughed. 💰🤔
Luckily your channel and a few others show just how easily that's done. Even how $1500-$2,000 would cover everything while still enjoying the sights like a tourist but living like a local. 😊
Thanks 👍
David
From Florida 🍊🦩🌊🏖
It’s truly all about expectations. I hope you have the opportunity to experience it to.
Thanks for watching! 😃
Great information! We really enjoyed this video and the editing was excellent. Thank you for sharing!
Thank you 😊
We appreciate your kind comment.
Thanks for a great video!!
Glad you liked it! Thanks for watching!
Very good stuff! I'll be following in your footsteps, starting (EU/UK) in a few months; and despite many months of intensive research YT only now popped y'all up on my radar but I'm very glad it finally did so I can play catch-up in binge-watching...so thanks a bunch in advance for all of the useful tips/education! 🙌
How exciting for you! I’m sure it feels like time is crawling right now. We hope you enjoy your new slow traveling lifestyle. Let us know if we cross paths 😀
We plan to keep our home in the states (will be paid off) and do 60-90 continuous days slow traveling a year.
That sounds like a great plan. I hope you enjoy your travels.
Thanks again for an excellent video Warren & Julie. It looks like we will travel to Spain later this year, perhaps to stay. I'm happy to learn that Romania and Bulgaria have been accepted to Schengen: sad for us, good for them. Best, Dean & Cindy
Spain is a lovely country. Happy travels!😊
Thank you for watching!
another great video!
Thanks!! We appreciate you watching us ☺️
Wow, inspired by your ability to travel so extensively on such a manageable budget!
I love comments like these! Thank you! We are real people with real lives and this is a true account of our costs. We will be doing one for March in very early April.
Yay, our doggie Ksamil beach day made it into the video. So beautiful and fun
We need to do another one!
I really do appreciate this breakdown I would love to see a spreadsheet honestly but I think that I'll be probably more along the lines of solo travel like warn the 81-year-old that you guys recently met in Albania. I'll have my retirement a nest egg from selling my house and that's it. So I'll be 62 and doing this probably by the end of the summer at the latest. Thank you for sharing this it definitely is informative and helpful.
I’m so glad it was helpful. We really breakdown our budgets. I keep detailed spreadsheets.
Do a program on how you formed the corporation and what it has meant for your travels and lives.
We actually discussed this on several videos with our attorney, Dimitar when we speak about Residency or A Car purchasing. I will include the video we first did regarding buying a car in Europe and setting up the corporation. If you need to contact our attorney, you can email us at warrenjulietravel@gmail.com
How Americans Can Buy and Register a Car in Europe (Expats, Nomads, and Retired in Europe)
ruclips.net/video/zpDRM9pSGLE/видео.html
Great video, very informative. I hadn't thought about purchasing my own vehicle, so you have definitely given me something to think about.
Thanks for watching:)
Having our vehicle really is special.
Thank you very much. Am making a first step with the German Embassy here in Florida to see if I qualify for citizenship as I was born in Bavaria and became a naturalized US citizen as a child. As I understand it, this would allow me to live without time constraints anywhere in the EU, but there may be unforeseen downsides as well (extra taxes on my SS and small portfolio income??) which I may need to sort out before taking that step, assuming it is an option. Anyhow, I really appreciate your insights into sensible travel around Europe. I like the idea of settling for a few months at a time in a modest apt or house and living life slowly in a different cultures.
Similar here. Still on the fence about getting German citizenship. Definitely not liking the potential tax implications. 🤔 That's why slow travel and doing the S. Shuffle looks like the better option. 👍
You will definitely want to check the tax implications if you spend more than 183 days a year there.
Thanks for subscribing and we wish you much happiness in your travels 😊
I would love to do this! Just found you and I am intrigued by how you managed this with dogs, as we have dogs. Looking forward to viewing more videos. I keep telling my husband it's more affordable than he thinks.
Thanks for watching us:)
"vagabond Awake" is the slow travel vlogger I've been watching for 2-3 years now. He posts allot of great slow travel info. BTW This is the 1st vid of yours I've ever seen.
We heard of him after this video, after researching his videos we saw he was mostly in Asia and started doing similar stuff as we do like expat interviews after we started doing this. So while he was around before March 2020 he was much smaller then and his content wasn’t really similar. We have noticed some RUclipsrs shifted their style after our channel produced so many interviews.
You guys are amazing! We hope to do what you’re doing in a few years.
~David
If you make it to Europe and we cross paths, we would love to meet up! Best of luck. 😊
@@WarrenJulieTravel definitely! 👍
Hi from Boston! We are also planning to do this in a few years. Our base home will be in Puerto Rico. So we will jump from Europe, Asia, South America, and Caribbean. 🙏🏽🤞🏽🤞🏽🤞🏽
That sounds like a great plan. Keep in touch.
Vagabond Nomads--I think that's the name- has been exploring the world and making podcast, I think at least since 2013. It's very good.
Not familiar with them, were they slow traveling or fast travelers?
I think it’s vagabond awake and they’re slow traveling
Yes, slow travelers…an American man and his Malaysian girlfriend…they focus a lot on SE Asia and Latin America
100% agree with the above, we took the “plunge” exactly 1 year ago. Average cost year $2700 pm (USD) over 7 countries 😊.
We would love to speak with you about a possible interview about your lifestyle if you are interested. It sounds like you are both living the slow travel lifestyle 😃
Hi Warren & Julie
Yes correct, we are “slow traveler’s” & are currently in Peru 🇵🇪 at the moment.
I think what is interesting is that we are from South Africa 🇿🇦 which you might know, represents a whole lot of different challenges ie. negative currency arbitrage ect.
Regards
Gary & Kim
We have so many South African friends. They are the kindest people! Enjoy 🇵🇪
Awesome info! I'm curious about your health insurance plan while traveling and its cost. Can you provide some information on that? Thank you!!
Thanks for the kind words. The best way to see your health insurance options is to go to our website and click on international health coverage. If you would like, you can run a quote through the links. www.warrenjulietravel.com/nomad-insurance
You are also welcome to email Warren at warrenjulietravel@gmail.com
This video just popped up on our recommended feed. Great content/info.
New sub'r, going to checkout your channel.
Awesome! Thank you!
Tried clicking on you website link, but got a virus warning and I'm not able to connect to it. When you mentioned traveling Europe with your dogs, it's something that perked my attention, wanted to Travel Europe when I retire, but have a Jack Russell and figured I would end up stationary with the dog until I could travel freely, but now that doesn't seem to be the case. I'm from the US and would like to retire in a couple of years and would much prefer traveling Europe over Asia with my dog..thanks for your video very informative.
We have heard this on rare occasion, it’s apparently due to our site tracking what countries we are receiving views from. Typically you have a choice yo trust the site and go to go to the site.
Thank you for all you do. Do you still have a US T-mobile plan? I heard that t-mobile cuts off the service (voice & data) if the system detects an extended period of time outside the US (over 3 months overseas). Is that true?
You are very welcome 🤗
Yes, we have had our plans for years now and four of those years have been abroad.
I am planning to travel for 1 year 4 to 5 years latet and would be grateful if you can share your travel details including accommodation and expenses in every county.
We have been doing this, please look at the other 300 videos that we have made sharing our life, expenses and locations and our Airbnb.
This is amazing. Do you still have to pay tax in the US though if not living there?
Unfortunately Bulgaria, Croatia and Romania becoming Schengen changes a lot for travel around Europe but still possible with 4-5 Balkan countries plus Turkey.
US citizens have to pay taxes to the US no matter where they live in the world.
Yes, we pay taxes to the US every year.
We are definitely sad to lose Croatia, Romania and Bulgaria, but are very grateful for the remaining countries.
Dear you two! @WarrenJulieTravel i have binge watched all of your videos. did i miss it or you haven't posted that what phone app or software you use to keep track of your money spending? Quicken is not good because it require me to pay yearly. :(
I actually do it a very old-fashioned way, I use Excel and have for over four years
It seems like every time I’ve used apps in the past they start to charge and it’s just not worth it
This may seem like a crazy question. When you buy produce in Albania or Montenegro do you have to disinfect it before eating it? In Latin America you do need to do this. Just curious about this in the Balkans.
Yes, we do this in all countries we visit. I buy a bottle of white vinegar and soak the vegetables for a few minutes and then rinse them. Oftentimes in the Balkans it’s not bacteria, but old pipes that are the concern.
This was very helpful! Gives me hope my wife and I could take on something like this! If you don't mind me asking, how did you approach health insurance? Did you purchase an international plan via a US insurance company or something completely different?
You can check out our websites for the links for medical insurance, I am a licensed agent in the US. I speak of medical coverage often in our videos., I'm pasting my typical response here for you:
"Thanks for reaching out regarding International Medical Insurance: We carry international medical coverage from IMG as we travel. This said many younger nomads have been opting into a program with Safety Wing, which has a lower coverage but for some may be preferable. The maximum coverage over age 39 in $100k, if under age 39 the maximum is $250k. So in this message I'm going to share two links. One for the coverage we use with IMG which meets the requirements for expats seeking residency in most countries and works as nomad coverage, as well as the Safety Wing program. I will receive a commission if you sign up with either of these links, so I sincerely hope you will consider using my links when signing up for International Medical Coverage. You can run quotes through my two links below and see what you think. The IMG coverage Julie and I have can be used in almost all countries. You can get coverage for any length of time needed, pay all at once or monthly, there are various deductibles as well as various maximum caps. Julie and I use the Global Medical Bronze plan excluding US, Singapore, and a few other high priced countries. We have $1,000,000 cap and $2,500 deductible and it runs us $240 a month combined, I’m 55 and she’s 49 years old. Look over that program and look at the Patriot program as well which may be better during a shorter period to see what’s best for you. If you opt for a higher amount than $1,000,000 it will go through underwriting, which seems to get disapproved about half the time. The plan in most cases will be indemnity reimbursing you for covered services, in major incidents they try to set up direct billing with the facility. If over 65 look at the Globe Hopper program. Full disclosure I am an appointed agent, I will get a commission if you enroll for coverage with my link below, using my link does not change your offered rates. We actually chose IMG coverage for ourselves before I was appointed with them, we selected IMG as our best option after researching our needs. I decided to get appointed with them after referring many of our viewers. Here is the link: producer.imglobal.com/international-insurance-plans.aspx?imgac=540642
The Safety Wing program may be preferable for some people, especially younger people, it also has built in features for travel protection. Take a look at the programs here. safetywing.com/?referenceID=wknox&Ambassador
Julie and I will continue to use IMG for our coverage, but I wanted to provide another program that is popular with the younger Digital Nomad population in case this is the coverage you are looking for.”
I hope these programs cover your needs.
You should mention that you don't offer coverage tous Canadians - only US Residents
@@RaymondDGrant not so, it’s not only for Americans
I went on your link and that is what I thought I saw. Will check again
@@WarrenJulieTravelUpdate: You are correct.My bad. I got a very competitive quote. Am a Canadian Snowbird. Will buy when I have finalized my travel dates for next winter. Have subscribed in the interim
Do you need to always have the next leg of your "Nomading" around planned when you enter a country? I know when we travel now we have to always have to disclose that at passport control
I assume you are flying into each country. We rarely fly so that does not impact us, but I understand many times when you try to enter the Schengen they will ask for a ticket that shows onward travel.
We do create an itinerary and book things quite early because of our pets.
What did you do with your furniture when you started your lifestyle?
We gave our two children first choice of everything we had and sold or donated everything that was left. It was a very freeing decision. 😀
If I wanted to live in bulgaria for 90 days then 90 days in turkey would I be able to come back to bulgaria again
Unfortunately, you will need to go somewhere else for one day. It could be a cheap flight anywhere that is non-Schengen or a simple cross into Georgia, Serbia or Macedonia.
One day overstay in Turkiye is a cheap fine, but I am not sure that’s a great option for long-term.
What kind of health insurance do you have while traveling?
Please email us at warrenjulietravel@gmail.com so we can give you this information.
It will be much easier to write about this in email form. We are happy to assist. 😊
Did that cost include flights. Or how did U travel from places to place then
We go by car, that’s why we talk about all the expenses on our car. If you’re curious how we do this check out our playlist how to be a nomad. It’s easier with dogs to drive all over Europe.
An IMPORTANT question and we simply cannot figure out a valid and workable answer or solution.
Have seen most of your recent videos on low cost of living during slow travel (fantastic work by the way) but how does one do that without selling our home in the US?
Things are getting so expensive so fast over here that even if the house is paid off, taxes + HOA + homeowners insurance add up to a big chunk every single year and therefore add to your total annual cost of living. On the other hand, I worry that if we sell the house now and then want to return to the US to be closer to our families after 3-5 years of slow travel, we would never be able to afford another house at current rates.
Don’t want to work until we’re too old to travel but also want to do the financially responsible thing. What do you recommend?
We do not have a house back in the US.
We purchased our home in Montenegro in 2016 and we travel full time when we are not here.
Our son visits us here in Europe. Sadly, the US market has become exponentially more expensive.
We considered keeping our house, but didn’t want the maintenance.
I would suggest you keep it and rent it out if it makes financial sense to do so.
Thank you for watching us!
@@WarrenJulieTravel Renting seems like the safer option to start off with and we can always change our minds 2-3 years down the road once we figure out precisely where we’d like to spend the next chapter of our lives. Thank You for sharing your experience and validating-substantiating our thought process with that sensible suggestion.
What breed of dogs are your pets?
We have an unknown breed mixed dog named Arya. We rescued her in Ecuador and our little one, Katie, is a Chihuahua Yorkshire terrier. Thanks for asking. 😊
Why did you choose Montenegro for your home base? Maybe that’s another video?
We’ve done a ton of videos on Montenegro, here’s the playlist. We’ve owned a home in the country since 2016. ruclips.net/p/PLkOobSSGsmh5vimyzZ1AERbEG5NemjrdH&si=WxR9oD1ISXjdxpVE
@@WarrenJulieTravel Thanks, It looks like a beautiful country. Nomad Capitalist talks about buying property in Montenegro too. It looks a lot safer and cleaner than Long Beach, CA where I’m living now!
@@sr9253 it’s a nice country, we discovered it a long time ago, and residency rules changed since then, so we haven’t got residency in Montenegro.
That rule about having to spend one day in a third country is crazy. That should really be changed. It's just one day!
We 👍 concur
It’s extremely frustrating, but just part of the journey.
Americans can buy a car in Turkey no problem at all
I’m interested to hear more on the process you used? We see it’s available if you have residency, and taxes on cars are outrageous often doubling a cars price. We are always looking more options and opportunities.
I never bought but had many friends who did. But yes after residency. And yes taxes are bad but buying used in country isn’t horrible
@@kvirzi OK you’re speaking with Residency, totally different conversation. If you have residency, you can get a car in any country you have residency in. We are talking about how to have a car if you can’t get Residency or don’t want to have residency somewhere so you can travel.
Vagabond Awake
Haven’t heard of them until now, looks like they are focused on Asia and Mexico. Videos before we launched weren’t viewed too highly so we probably wouldn’t find them. Are they sharing slow travel cost of living and expat interviews now or were they then. Just curious since I don’t have time to watch their channel.
Albania is high on my list for my move next year. I have a French Bulldog myself and wondering how you’ve managed with the travel prior to owning your own car?
We lived in Ecuador for the first 9.5 months of our retirement, so managing without a car was quite simple as the dogs were allowed to ride on the tranvia/train and in taxis etc. We rented a car immediately when we arrived in Europe and have not been without one since with the exception of time in Turkey where we elected to park the car and not move it because it is difficult to drive in Istanbul and very hard to park. There, we were able to use public transportation during certain hours with our bigger dog and taxis were no issue. We also walked a lot. As far as the Balkans, that is another story. We are really not sure if it would be possible to get around the Balkans in many areas without a vehicle. Taxis will generally take a dog in all of these countries, but public transportation is tricky. It is often up to the discretion of the driver. Small dogs are really no issue, but the larger ones that cannot fit in carriers are. I hope this helps. I have written a few tips and tricks on traveling with dogs in blog posts on our website www.warrenjulietravel.com, please feel free to contact me if you have questions. We pet parents have to stick together!:)