Listen "EP 11 - The Benefits of Travelling"
Episode Synopsis
On this Episode, I am sharing with you what I believe to be some of the benefits of going on holiday and travelling overseas. Episode Sponsor This episode is brought to you by More Time Financial. A financial planning, money management and financial education company who are on a mission to help young Australians make smarter decisions with their money. I think one of the biggest surprises my new clients get when I first down with them to talk about their money and their lives. Is when I recommend that they start saving for their next trip or holiday ASAP. A lot of the time they say, I thought you would be telling us we aren’t allowed to go on holiday and to be savings all of our money into super or something like that. While I do recommend my clients to put money into their superannuation, I also strongly recommend that they plan to go on holidays and travel. That is because I believe that travelling is super important, especially for us a young Australians. Perceptive Firstly, I believe the biggest benefit of travelling outside of your home country is that it provides you with an appreciation and Perspective, of what else is out in the world. Real World Experience Experiences like Trying to read a non-English menu and order breakfast in Portugal, having your flight delayed by 3 hours, missing your transfer from the airport and trying to find your accommodation at 3:00am with no phone or internet reception. And many other priceless experiences that can’t be learnt in any other way besides being there and experiencing it for yourself. Looks good on your Resume talking with other people who have returned from traveling and are now starting their careers, for a lot of them they said that having gaps in their resumes due to a few months or years of livings aboard or travelling overseas has actually helped their job prospects because their employers have seen this to be beneficial. Financial tips for savings to travel Set a date when you want to go and a goal of how much you to have saved and just start savings for it. Take a 2nd job if you need to Set up a separate savings account and put in place an automatic transfer so you can't touch your money If you are planning on living overseas and you have HECS debt be sure to check out the ATO website about the rules on repaying your student debt when you are living overseas. Full Show Notes: Head over to rossmarais.com to read the full show notes and links to even more awesome resources. To stay up to date with the latest news, sign up to The Young Money Newsletter and get insights, tips and resources to he
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