Just got in a bizarre situation in my life that I MAKE money if I fly somewhere. For sure others can learn and even use it in the future. Here is the reasoning: I hate cooking, so I spend around 30 euros with food and drinks per day, on average (not including alcoholic drinks). However, I currently own an interrail pass (no transportation costs to and from the airport, which is 15 min away) and I have free access to VIP lounges that offer free food and drinks in pretty much all airports around the world. Conclusion, if a round trip flight to Brussels costs less than 30 euros in any given day I save money. And that is not even counting mileages awards that I make while flying or possible insurance benefit that my credit card offers (e.g. $500 if the flight is cancelled or delayed, overbooking offers, among others). Therefore, I went to the ryanair website and found that the following locations have round trips to Brussels in a given day for less than 30 euros in July: London, Milan, Manchester, Berlin, Palma de Mallorca, Edinburgh, Toulouse, Bordeaux, Marseille. Given that I have the train pass I could even go to places around these cities for free, like Cambridge, Oxford, Lugano, Dresden, Leipzig, Montpellier, Cannes, etc. I do not want to be traveling everyday of my life but if you do I can definitely see people living out of that or at least while you are unemployed or looking to have a break from work. A person in my situation, who has 1 flight delay or cancelation and sign up for one new American credit card per month, would make more money out of traveling than the money that he/she spends in a given month living in a relatively cheap place like many cities in Belgium, Spain, or Portugal. Additionally, if you already have investments your wealth would grow faster than a person working full time on average since investment growth is higher than the growth of the economy, as Piketty shows.
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AuthorPedro Moraya Barros is the Founder & Owner at Moraya Consulting and Ph.D. Researcher in Foreign Investment and International Taxation Archives
October 2020
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