Tag: Cashing in on the American Dream

How can I travel the world on $50 a day?

Figuring out how long you can plan a holiday for, or whether you can afford to travel long-term, is a relatively simple calculation if you have the right variables. In a previous post, I illustrated a few different methods of calculating short, medium, and long term or even permanent travel, but all of them are based on how much you will spend each day.

I mentioned the figure of $50 a day, which for some, might sound entirely unreasonable. That’s how much Paul Terhorst suggested in his book, Cashing in on the American Dream, which is what inspired my husband and I to begin our current travels in large part, and was the impetus behind my most recent post, the first in a series probing the notion of the American Dream. But Terhorst’s book was published back in the 1980s, and the world is, unarguably, different today. One could even say it’s a different world since I wrote my first post in this series on the American Dream two days ago. So is travel on $50 a day still possible?

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What is the American Dream? (and what happened to it)?

I’m coming up to my fifth month of being on the road, partly inspired by the fantastic book Cashing in on the American Dream: How to retire at 35 by Paul Terhorst. It’s a book that sat on my wishlist for a couple of years, for one simple reason – the word ‘American’ in the title. Although I (and probably most people in the world) am familiar with the concept of the the ‘American Dream’, I wasn’t sure whether the book would be too heavily focused on the American context to be of any use to me. As it turned out, it was extremely relevant, despite its distance from my location in both time (being published over 30 years ago) and space (given my Australian background).

A few days ago, I started to write a post about this book, about how we can all ‘cash in on the American dream’ in some way or another, and the relevance of Terhort’s ideas decades later, in contexts outside America (which I’ll still do in my next post). But this led me to research the very phrase ‘American Dream’, and that turned out to be a whole other (and in some ways, even more interesting!) story.

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Are your finance resources past their use-by date?

I love words, language, and reading – and most of all, books. New or old, I love them all.

But when it comes to books spouting financial advice, it pays to check the publishing date, just like it pays to check the manufacture and use-by dates on packaged foods.

So how are financial books like cases of wine with sour milk?

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