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098R | A Cautionary Tale In HyperDebt

An exciting conversation with Jared about his path to FI as a traveling physical therapist and his current 5-month trip abroad, as well as a voicemail about healthcare planning and a review of Monday’s episode. • Brad and Jonathan are releasing this episode while in Greece. • Brad talks about the challenges of buying foreign currencies before a trip abroad. • Travelers can open a Schwab Bank High Yield Investor account to get an ATM card with no transaction fees, and the flexibility to get more currency when you need it. • Review of Monday’s episode: is a degree worth it at more than $100k a year in student loans? • Brad and Jonathan were surprised to learn how much Samm paid for school, compared to the average income for a dentist, and the student loans that almost all dentists take on. Listen to the full episode with Samantha Keith here. • A Facebook post from Jim to share that he’s 100% debt free. • A voicemail from Jordan (3rd generation FI), who spoke with his employer about high 401k administrative fees, and ultimately his employer agreed to cover those fees and help employees save more. • Message from Jennifer: concern about planning for healthcare in the future. • Voicemail from Cara with strategies for healthcare planning: ◦ Purchase a good disability insurance policy ◦ Aim for Fat-FI ◦ Take the best care of your health possible ▪ Go to regular doctors and dentist appointments ▪ Use traditional health insurance, not high deductible ▪ Stay geographically near good healthcare if necessary • Jared graduated from physical therapy school in 2015 and is working as a traveling PT while saving almost 90% of his income. • In the healthcare profession there are many travel jobs that pay more because they are temporary positions. • Jared and his girlfriend are taking 5 months to travel the abroad, even though he’s not quite at FI. • 11 countries + 5 months = $6,000 ◦ Most significant flights were purchased through credit card rewards. ◦ Majority of the trip will be in southeast Asia, which is inexpensive. • How did Jared decide where to travel, and how did he plan his hotel stays through reward points? • Save money on structural expenses (flights, lodging) so that you can spend more on activities. • How does Jared manage his health and fitness while traveling?  

Resources mentioned in today’s show:

“How to Avoid Paying Bank Fees While Traveling” – Millennial Revolution Happiness Gratis Fifth Wheel Physical Therapist
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