The No ATM-Fee, Bulletproof Travel Financial System
Don’t let your checking account get cleaned out by ATM fraud, and don’t get robbed by the banks while traveling.
Note: This post was partially inspired by reading my new #1 favorite book on money: I will teach you to be rich by Ramit Sethi. It’s the 4-Hour Workweek for your personal finances and highly recommended!
A friend of mine once used an ATM in Honduras, and 24 hours later found her entire travel savings had evaporated. That’s right, $15,000 disappeared from her checking account. She was stranded with a credit card, $200 cash, and a promise from her bank that they would ‘look into it in the next 45 days’.*
This post outlines a simple way to make sure that never happens to you.
The Key to Freedom isn’t Making More, it’s Spending Less
Photo: El Hombre, the most chilled out man in the world. Chicama, Peru.
If you’re trying to cast off the anchors of modern society, the key isn’t making more money, it’s needing less. Doing this requires voluntarily self-destructing the mindset that makes you think you need more in the first place.
After traveling through ‘less-developed’ countries around the world, returning to the US is a shock. It’s hard to imagine why anyone would need a Chevy Tahoe, the newest version of the iPhone, or any of the other nearly unlimited and arguably useless consumer products available to anyone with a credit card.
I used to be a part of this system, but I’ve been progressively weaning myself from it. Turns out there are some amazing benefits to be had from completely checking out.