I am 23 years old and make about $95,000 per year and have a paid off car with $25,000 in savings. I just have $3,000 in student loans. I also currently live at home with my parents but do help with a lot of the bills. This year I have traveled to many places. In January, I went to Las Vegas, March to Seoul, Korea; May to Spain and Switzerland, June to Denver, July to Seoul, Singapore, and Kuala Lumpur. Next week I will be leaving for Japan. In December, I am traveling back to Seoul. Do I travel too much.
Copyright © 2024 VQUIX.COM - All rights reserved.
Answers & Comments
No, I don't think so.
Why do you have $3K in loans but $25K in savings? You are wasting money because the interest on the loans is much higher than the interest on the savings.
Since we can surmise that most of this travel is work related... then it's just your job.
When you travel for work make sure you see the area. Many people just go hotel/client/hotel/client instead of seeing anything in the area that you were traveling to.
If you can afford it then go for it
As long as you're able to remain employed and still save up for your eventual financial independence you don't travel too much. This is the point in your life when you're supposed to be out seeing the world to better understand your place in it.
As long as have money to feed
what do you do to make $95,000 and take all this time off
Taking off for so many vacations you may lose your job.
@ 23 you should be thinking about leaving the nest already.
are they work related travels or personal pleasure? if it's the former, that's just part of the job, then it's up to you and what you feel is too much. if you're trying to have some free time with family and friends, and can't because of travel, then it maybe too much.
if it's for personal pleasure, assuming it's not interfering with your work in anyway, the same questions still exist. if you're becoming distant with family and friends, and trying to "escape" by traveling, then maybe. maybe something is going on at home with family or friend that you're looking to avoid, so you avoid by traveling.
just keep an eye on your own finances so you don't go broke.