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Is travel your best investment?

Is money spent on travel ever really wasted?

About 30 years ago, when our daughters were aged six and four, a colleague gave me a note from a calendar named Life’s Little Instruction Manual. The instruction for June 1 was to ‘Take family vacations, whether you can afford them or not. The memories will be priceless.’

We did follow this advice and found that the money we thought we didn’t have was definitely best invested in family adventures, both at home and overseas. We still travel joyfully with these 30-somethings and they, too, happily invest in their own adventures…

January tends to be a time of reflection over what has been and planning for what might arise in the year ahead. One question that’s bound to come up is ‘Can you really afford that trip?’

I would ask, ‘Can you not?’

Creating memories

Many of us are reaching a time of life when we can lose friends, family or colleagues without warning. Every day is indeed a bonus. And when we gather to celebrate these loved ones, how often is it the image of them laughing around a campfire or dining in a beachside shack that stays with you the longest?

Travel means different things to different people. The older I get, the smaller, more intentional my own travel becomes. It’s not about luxury or resorts or scale. It’s the opposite of a bucket list. It’s the moments that now matter the most.

A couple of weeks ago I travelled to Sydney for the CEPAR retirement incomes conference. I was caught in the rain at the University of New South Wales, so I needed to book an Uber for a short journey I could have more easily walked in 15 minutes. The Uber took forever and when he finally arrived, the driver told me he had been stuck behind a barrier in the UNSW carpark. My immediate response was to think, ‘Oh great, I get the driver who can’t get out of a carpark?’ But no, turns out he was a former UNSW lecturer, a European engineer who speaks three languages. We started talking about great literature – he said his favourite was the work of Evelyn Waugh. And then our conversation turned to Tolstoy, to Anna Karenina (he’s read it five times) and War and Peace which neither of us has tackled yet. We made a pact we would both do this in 2025. What a legend this guy was. I swear he circled my hotel three times while we both remembered other brilliant books we wanted to share … a short trip made long, but a memorable, special connection. That’s travel, right there.

Simple can be best

How do you plan travel that creates special memories or meaningful connections?

It doesn’t have to be that hard. Start by being your own tour guide, doing your own version of a city. The year before the Covid pandemic surprised us all, I managed a week on my own in Italy before meeting up with our daughter. I stayed in the Trastevere district and walked across different bridges on the Tiber every day, getting my steps up and experiencing the varied neighbourhoods of Rome. I’m a big fan of the sixteenth century artist Caravaggio, so I created a walking tour of the five or so churches in central Rome that have his paintings. Most were small, very dark, very quiet allowing the space and freedom to contemplate his genius without crowd, security guards and distraction. Similarly, as a fan of the Stoics, I headed up the Capitoline Hill to sit at the feet of a huge bronze stature of Marcus Aurelius on his horse. I spent an hour there, people watching and thinking about his words of wisdom, before the heat of Rome’s midday sun forced me to move on. Another memory, another moment I won’t forget.

Being your own tour guide allows you to follow your interests in language, art, music, literature, faith, architecture in a way that is most powerful for you. You’ll find plenty of ways to connect through these interests, be they language or cooking classes, free walking tours, pub singalongs or choir recitals.

Travelling alone is also powerful. You’re frequently forced to connect and be the richer for it. Staying in local, small, personal guest houses or (non-Air) B&Bs is a surefire way to meet hosts and learn so much more about local issues and customs.

I’m continually impressed by what is reported to be Bill Gate’s annual pilgrimage to ‘somewhere quiet’ with a bagful of books to just be, read and take in new ideas. It’s clearly not really about the money – it’s about small ambitions and slow travel.

This year I copied Bill’s idea, travelling to the Greek island of Ithaka. Yes, this is the place that Odysseus strove to return to despite the vicissitudes of the gods who blew him off course at every opportunity. I get why Odysseus tried so hard to get back. It’s hard to find words that do justice to the peace and glory of early morning in Ithaka’s port town of Vathy; empty streets, golden clouds, deep green hills and pale pink, blue and lemon houses clustered around the aquamarine waters of the port. I learn that Vathy means ‘deep’. It’s apt. My mornings sitting at the Dentrakia Café are deep, with time to sit and be, rather than do. They’ll stay with me forever.

I hope you enjoy this very brief ‘cost-benefit analysis’ of the true worth of travel. And in 2025 you will be your own best tour guide, making new adventures the wisest investment of all.

 

Kaye Fallick is Founder of STAYINGconnected website and SuperConnected enews. She has been a commentator on retirement income and ageing demographics since 1999. This article is general information and does not consider the circumstances of any person.

 

11 Comments
Mark
January 03, 2025

I remember when my sister went on her honeymoon to Tahiti in the late 90s lamenting she’d spent all the funds on their Club Med experience and never saw anything else apart from the “free” buffet and the pool. I promised myself right then I’d always consider travel as an investment and make the most of the experiences, do everything I could while I was there and worry about the money later, no matter the cost. The money (in my opinion) always takes care of itself (even the credit card debt) and the memories are always priceless. Of course, this is not advice.

The Bludger
January 03, 2025

This is against the grain (there is no marketing for an anti product) but I believe travel is just another form of consumption. Instead of material goods when we travel we consume experiences and culture. Yuval Noah Harari has an interesting perspective:

“Even what people take to be their most personal desires are usually programmed by the imagined order. Let’s consider, for example, the popular desire to take a holiday abroad. There is nothing natural or obvious about this. A chimpanzee alpha male would never think of using his power in order to go on holiday into the territory of a neighbouring chimpanzee band. The elite of ancient Egypt spent their fortunes building pyramids and having their corpses mummified, but none of them thought of going shopping in Babylon or taking a skiing holiday in Phoenicia. People today spend a great deal of money on holidays abroad because they are true believers in the myths of romantic consumerism.”

I see nothing wrong with travel (actually I think it’s pretty great when thoughtfully planned) but I feel uncomfortable with the notion that people who opt to spend their riches for travel are enlightened. In the end we are all trying to find happiness in this crazy capitalist world, travel is just one heavily promoted option with its consumers among it’s chief marketers.

PaulB
January 03, 2025

I feel that here you are putting more emphasis on tourism than travel. It seems to me that Kaye is emphasising the amazing experiences and growth she has undergone from becoming a traveller as have Peter K and Michael in their comments.

Kaye
January 03, 2025

Hi PaulB - yes, I agree on the split between tourism and travel - it's all about personal growth for sure - thanks for pointing this out

The Bludger
January 04, 2025

I think the distinction between travel and tourism is a bit artificial. At the end of the day, both involve consumption. Whether you’re exploring a new city for leisure or on a work trip, you’re still consuming resources—like transportation, food, and accommodations. Even so-called “authentic” or off-the-beaten-path experiences have been commodified and marketed just like traditional tourism. The same infrastructure—airports, hotels, transport—serves both “tourists” and “travelers,” making it hard to say one is more genuine than the other. Ultimately, whether you’re a traveler or a tourist, both involve engaging with the world in a way that consumes experiences, resources, and time.

Kaye
January 03, 2025

Hi 'Bludger' - this is a really interesting and thought provoking response - I'm glad you shared Harari's words. But I am not sure this is an in/out discussion? Because the chimpanzees or Egyptian elites weren't inclined to do something doesn't make it good or bad or myth of romantic consumerism? It's surely just something that wasn't a priority? I hope I wasn't suggesting an 'enlightened elite' either? Nor support for heavily promoted tourism - more about finding moments that matter in an Uber or a tiny port town where we can simply appreciate what's in front of us? Maybe chimpanzees did/do this in their own way too? :-)

The Bludger
January 04, 2025

Thanks for reading my comment, and I appreciate your thoughtful reply! For some reason, I felt the need to provide a counter-argument and I’m trying to expand the topic and not start a flame war. ;)

Regarding Harari’s point, he suggests that travel isn’t a universal or obvious desire for humans. Travel itself is relatively new activity:
“The trip is not a reflection of some independent desire, but rather of an ardent belief in the myths of romantic consumerism.”

So, do we really think travel is inherently good, or do we simply believe that because it’s a widely repeated idea with little counter-argument?

The quote ties into a broader theory of fictional reality from Saipans, where our culture shapes our “fictional” realities, and travel is one of the ways we engage with these constructs:
“Like the elite of ancient Egypt, most people in most cultures dedicate their lives to building pyramids. Only the names, shapes and sizes of these pyramids change from one culture to the other. They may take the form, for example, of a suburban cottage with a swimming pool and an evergreen lawn, or a gleaming penthouse with an enviable view.”

I completely agree that finding meaningful moments—whether in a tiny port town or in an Uber ride—matters much more than the location.

Full quote:
https://www.goodreads.com/quotes/3191500-most-cherished-desires-of-present-day-westerners-are-shaped-by-romantic

Peter K
January 03, 2025

I love this article, Kaye (along with many you've written about Superannuation as well)
Early in my adult life, when most were considering career choices, etc. I contemplated the meaning of (my) life. I decided it would be to experience as much as possible before shuffling off. And it's travel that has provided the most intense experiences: Overland from UK to Australia in the 70's via Greece, Turkey, Iran, Afghanistan, Pakistan, India, Burma and Thailand. I later became a travel agent and lived helping others enjoy their experiences.
Just returned from my 3rd trip to India and loved it all over again, especially the people, their cultures and religions but also the history, the World Heritage sites and sometimes like your Uber ride, the conversations you have with the most surprising people.
Now that we're retired we have the luxury of experience focused slow travel as opposed to bucket list whistle-stop trips. Love doing walking tours of historic cities, bush tracks, or spending a whole afternoon at just one winery or art gallery.
The cost? I've forgotten. The memories and experiences? Yes, priceless.

Kaye
January 03, 2025

Hi Peter K, thank you for kind words - I'm glad these thoughts on travel struck a chord - it sounds as though we may have had a similar overland experience - mine was in '78 as the Shah was on the way out in Iran, and the Russians about to enter .. travelling through the Kybher Pass from Afghanistan to Pakistan also a big memory/moment .... places I doubt I will now return to - the message... go while you can?

Michael
January 02, 2025

Best thing I ever did was take off time from work (resign) in my early 40s and travel around Australia with my wife and our young children (under 10 years old). They learned far more about Australia and life in those months than school would have given them. And I learned heaps too (call me Sydney-centric and maybe ignorant, but I of course knew about the Great Barrier Reef but had never heard of the Ningaloo Reef, arguably better and certainly more accessible once there). Overseas is great and we will do more of that too, but I highly recommend travelling around Australia too. Memories stick with me 25 years on. I never worked out what it cost because the experience and fun with family was worth it. The cost-benefit analysis was not necessary!

Kaye
January 03, 2025

Hi Michael - I think you lived the dream early with that Australian road trip - maybe too many of us wait for retirement to do this and yes, I think kids learn soooo much on the road, wherever that road may be.

 

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