Stay Fly. This Week's Focus is on Travel
Updated: Oct 10, 2021
This week's focus is on travel. ______________________________________________________ quote of the week: “Travel is the only thing you buy that makes you richer” level 1: mask off.
ready to"switch states, touch down, foreign plates"? It's summer 2021, and things we once took for granted like airlines, hotels, and resorts are back in full effect. And it feels so much sweeter now. It's crazy what a little vaccine, good weather, and 18 months of cabin fever can do. As travel (even cruises) revs up, recall the chaos of the height of the pandemic as motivation to 1) keep emergency funds up and 2) use the 50/30/20 rule for income: 50% to needs, 30% to wants (travel) & 20% to savings or to pay debt. Here's what you need to before joining the fly-life:
When: Here are predictions on how long cheaper pandemic fares will last. Most airlines (even international) have axed change fees (list by airline).
level 2: open.
Silk Sonic said it best...the door is open... What's wealth? Is it simply our net worth (assets minus liabilities)? Nah, it's not that simple. We think true wealth is health, happiness & financial well-being. The fast-growing"Digital Nomad" movement embraces location-independent, tech-enabled living where folks travel & work anywhere. This epitomizes "rich living" for travel lovers but isn't an option for many. What else can we do? Strategic travel moves:
level 3: pay when it counts.
drop big cheese to cheese big.
Wealthy folks tend to spend money on experiences over things. Of course, choosing boils down to personal preference, but here are a few pro plays: Strategic splurges for hitters:
Go Suborbital: To be one of the first 1000 humans to travel to suborbital space will hit you for $250K+, but the memory will last a lifetime.
We've already made it crystal clear that tax laws are made to benefit investors and entrepreneurs the most. This is especially true for travel. Tax-advantaged travel plays:
And there you have it. Just remember that you need to be handling LEGIT business matters and keeping STELLAR receipts to finagle these tax benefits. join the conversation: Join hundreds of others discussing wealth strategies, investing approaches, and investment opportunities in the gravy Slack & LinkedIn groups. Want a gravy spotlight? Want to share an investment power move you've made or how you've applied a gravy tactic? Hit reply and let us know! gravy reads:
Yours in wealth, gravy.