imisstony.com

World travel videos, photos, and blog.


Did you win the lottery?

When I tell people that I'm quitting my job and traveling for the rest of the year, they first wonder how I'm affording it. You have to realize that I had a decent job for five years and I lived a pretty simple life. I set aside as much money as I could comfortably while still enjoying my quick trips abroad, a nice piece of video/computer equipment, or a dinner out with a nice lady friend.

All of my money was in stocks (which I've sold off) and online Savings Accounts since college. INGDirect.com and EmigrantDirect.com had the best rates. And because I have always been a pretty good money manager, my credit has stayed pristine. Last year I took the full line of credit from my oldest card (an MBNA Mastercard I applied for freshman year at UCI because they were giving away a CD case) at 0% interest and placed it into a 9-month Certificate of Deposit at 5%. While the money earned interest, I was required to pay a high minimum on the balance of the card. But in reality, I was actually forcing myself to save. Example: I borrow $10,000 from my credit card at 0% interest. I put it in a CD at 5%. I have to pay 1% of the balance (or $100) on the card monthly. After one year, I make about $512 on the savings account but I only owe $8800 on the card. The $1200 in payments I made are savings. The whole transaction nets me $1700. But I was working with much more money than that.

Which brings me to tax season. You pay tax on interest earnings. Fortunately, I have a side business in video services called Filmgeneration. I don't make a lot of money as it's usually just gigs I pick up through friends of friends. But I do put a lot of money into it and I am able to file a Schedule C and write off my expenses.

Once I've plowed through my savings (I assume Western Europe will take care of this pretty quickly) I will rely on credit cards and begging. After people ask me how I'm paying for this trip, they usually ask me what I'm going to do when I get back. I answer, "Working to pay off the trip".

Oh, and I'm selling stuff left and right. Anyone want an IKEA PS sofa bed? It's blue and really comfy.

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filmgen@yahoo.com A 29 yr old filmmaker from California traveled through Europe, Africa, Asia, and Australia/NZ over ten months from April 2007 to March 2008.



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    TRAVEL ITINERARY

    2007
    April 6:
    Cuba
    April 30:
    France
    England
    Scotland
    Ireland
    Netherlands
    Poland
    Czech Republic
    June 3:
    Spain
    June 20:
    Switzerland
    June 22:
    Russia
    June 27:
    Germany
    June 30:
    Italy
    July 22:
    Greece
    Egypt
    August 9:
    India
    August 27:
    Japan
    September 10:
    China
    October 3:
    Thailand
    October 30:
    Vietnam/Cambodia
    December 3:
    Australia

    2008
    January 23:
    New Zealand
    February 26:
    Hawaii
    March 1:
    California
    Spring:
    Florida, North Carolina,
    New York, England, Spain

    2009
    December 29:
    Iceland
    January 9:
    New York City
    January 17:
    Washington D.C.
    February 18:
    California
    March 18-23:
    New Orleans


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