.: XT660.com - The #1 XT660 Resource :. - RTW on my xt660z in lots photos & a few words...

Quote:

Originally Posted by Keithblade (Post 170258)

You really are living the dream Paul and very envious. From a Financial Advisers poit of view?

How do you fund it?
What did you do for a living?

Really enjoying your post.

the main thing about doing it is eliminating all bills debt etc, so whilst you are on the road the only expenses you have are what you spend on a daily basis, food camping, fuel etc

the next thing to be able to do this is commitments and responsibilites, so eliminating the above means no commitments

i maybe a little unique on the responsibility side of things, i got divorced two years ago, so no wife...she took the houses we had, so no issues there either, i also have no kids

as for finances - i got a payment from a motorcycle accident a few years back only $30k i invested it and made some substancial gains, and in the mean time i am selling everything else i own

now life on the road costs something in the region of $20,000 a year or less, depending on how you do it, basically lots of camping, couch surfing etc. minimal hotels and keeping your daily mileage down, i like 200 miles a day or less

now i'm not going to divulge my net worth on an open forum so run the figures yourself...i can have my money in a corporate bond paying 5% PA or dividend stocks paying a little more and that will finance me about 75% of the PA i need so then my principal only depletes by around $5000 a year or less,

so in a nut shell with what i have saved riding RTW costs me $5000 a year...so if you do you calculations correctly its not that expensive

you need to avoid shipping the bike as much as possible, thats why my route goes backwards and forwards so much!

and what i did for a living...i owned a motorcycle business www.dynamicchoppers.com so working on the XT is not a big deal to me while i'm on the road, again saving money

hope that covers your questions

as an additional thought...i was at a Horizons Unlimited meeting and got similar questions there, one guy asked me how to keep track, i told him how i do it is, i budget myself about $50 a day, i have that separate in cash in one pocket and that is my daily allowance, if its not all spent then the next day i have a new $50 + what was left from the day before and so on...when i have enough spare cash accumulated then its time for a hotel

also plan your route to avoid cities wherever possible (too expensive)...if your budget is going to quick, stop moving find a cool place to stay for a few days/week/s and let you money catch up (hope that makes sense)