As a kid, I distinctly remember how elderly people used to consider visiting Varanasi or Badrinath or Vaishno Devi as once in a lifetime event. My father was an Indian Railway employee and had privilege of free train journeys; despite that our vacations were quite less, probably due to associated other expenses.
Gone are the days, when travelling was considered a luxury or once in a while affair. Travelling has now become a necessary part of our lives. Escaping Workplace Stress, Pollution are pretty honest excuses, but in reality it is financial independence which is driving this new found breed of vacationers.
I know one of my friends, who took a loan to take his family abroad for a trip and proudly paid back a hefty interest amount for the next couple of years. Well, this was not so smart an option which he realized later, when he ended up paying interest costs to the extent of 20%.
There must be a better alternative to EMI’s and Investing is a smart way of saving. With investing comes the basic question Where and How much to invest? Being myself a travel enthusiast, I will be always open to explore any investment opportunity that can help me in continuing my travels even post my retirement with some luxury and adequate risk cushion. Why not? Why should I not?