Mr. Iyer found himself in a state of uncertainty. However, after careful consideration, he realized that traveling to Iran might not become any easier, especially if a war were to break out. He had been yearning for this trip for three decades and knew he had to take the leap, even if it meant shouldering the $8,000 expense on his own.
So, how can the rest of us apply this mindset to our own travel dilemmas? Our dilemmas often revolve around not being able to afford attending events like a friend’s bachelorette party or an aunt’s 50th birthday cruise.
Financial expert, Lauren Bowling, suggests that setting specific financial goals is crucial in evaluating whether a trip aligns with your overall financial situation. “If you have an immediate goal you’re working towards, it can help with decision-making,” she explained, using the example of saving for a home in the first quarter of the upcoming year.
Bowling also advises considering whether staying home will truly contribute to your progress towards achieving your goals. If you don’t have anything specific that you would be sacrificing the trip for, she cautions that you may ultimately regret not going. If you do decide to skip the trip, she suggests sending a small gift, such as flowers, which would be significantly cheaper than the cost of the entire trip.
However, for Mr. Iyer, saying yes to a trip to an unfamiliar place, even if it involves a financial risk, holds more value than going into credit card debt for material possessions like a new couch.
In his words, “A trip, in my case, has the potential to transform me in a way that nothing material I could acquire at home could. Hence, it’s worth taking the risk because the beauty of a trip lies in not knowing who you will become as a result. The hope is to return as someone entirely different from the person who embarked on the journey.”
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