Feb
24
The Economics of World Travel, from Bo Keely
February 24, 2011 |
I used to lecture on world travel: for one year's travel you need a passport, lonely planet guidebook, around-the-world ticket, and $10k. The money divvies as follows: $3k for the ticket valid for one year, and $20/day living expenses inclusive in 3rd world countries. My ratio of work (sub teaching): travel days is 1:4, making $100/day, $20 goes for expenses, and $80 is banked or buried. Ergo, I work 3 mo./yr., & travel the rest. In the past decade, the travel method has been to bounce continents seeing the sights, and get so frazzled that I must hole up in a Shangrila, like now in Lake Toba, Sumatra, for a few weeks. Before, it was San Felipe, prior Iquitos, & so on.
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