Not at all. If you talk to a few dozen people who "traveled a lot" before they turned 30 (including me, the person to whom you're replying), the single most common thread in all those stories will be how cheaply they did it.
Life on the road costs ~$500/month. Life in an apartment costs ~$2000/month. One of the simplest ways to save money when you're not working is to ditch all your possessions at home and go find a nice cheap tropical beach to park it on.
Having "retired at 30", using the author's definition and a similar methodology, you'd be surprised at how much living I did along the way and have done since.
And I probably spend $500/month just on food and caffeine.
Hell, the basic government fees (insurance, pension etc.) to keep my sole proprietorship running costs me 300 euro/month. I really don't see how you could live on the road on $500/month, you're making stuff up.
There's a lot of world out there beyond Europe. For the vast majority of it, $500 goes a long way.
Try to keep in mind that there are lots of things that are possible that you don't yet know how to do. It sounds like you're just now learning that you can travel cheaply on the road (from people who have actually done so, no foolin'). Rather than accuse us of lying to you, you might be better served taking some of it on board.
Then book a flight out here. I'll use 1/1000th of my monthly budget to buy you a beer!
SE Asia is cheap, but its not as cheap as people think it is.
I do speak the language, but that only helped with finding a cheap (i.e. Thai-priced) place to rent.
There you go. Things develop at light speed down here in SE Asia!
That being said, GP's version of Vietnam living is perhaps like my Phnom Penh version: "costing as I would in Europe, but get way more bang for the buck" (to qualify---not that kind of bang, thank you very much..)
So down here I can get a furnished condo thingy with pool/gym/view/flatscreen/balcony for the same bucks that would get me an unfurnished hole without all of these in say Berlin, to not even mention other parts of Europe.
BUT, it's still a multiple of $120. If I were harder-pressed financially, indeed $120 would also rent me .. "something".
Even though it didn't really fit in to how he wanted to live his life, he ended up getting a local housekeeper. She'd basically just do all of his shopping (groceries, clothing, whatever) and pay the local price, rather than the tourist price. With the money he saved, he paid her above market rates and still managed to save money on the whole deal.
Most 20-something backpackers choose to travel to places like SE Asia precisely because it is cheaper.
It's nice to be able to do a mix of both though, there are definitely interesting and worthwhile places to visit that are also unfortunately more expensive (Japan comes to mind!).
I'm from Europe (NL) and some friends of mine did pretty much that, during college. I don't know exactly how they did it, sorry, travelling's not for me so I didn't pay attention to all the details, but they did pull off travels for very cheap.
One trick is, there's a lot more to trains and public transport (also busses--yes it may not always be comfortable) than first meets the eye. Check out local and national train company websites, ask around at the station where they sell (sometimes you get a really nice person behind the desk, and they'll help you out way beyond expectations, pay attention to what they do and what it's called, so you can order that ticket again). There's probably a bunch of Internet forums sharing tricks as well. I've booked 17h return train trips to Vienna for about 70 euros.
Another trick is sharing rides, if you need to get around in Germany (to and/or from neighbouring countries), try mitfahrgelegenheit.de, it's a carpooling website. At first I thought it'd be crazy unsafe, but I've met the coolest people on those trips.
Yes, and that's about $100 :) Well okay, it's $91.
Anyway you're right about carpooling. I've noticed that when you're traveling in a group of more than 2 and less than 5, a car is always the best and cheapest option.
Part of this affordable "life on the road" concept might also be the fact that gas prices in the US are about 2.5x as cheap as they are in Europe.
(this is always a fun conversion: https://www.google.com/search?q=1.70+euro+per+liter+in+dolla... not sure if that's the most recent gas price here, but it should be about right. This gives $8.36/gallon, and a quick google for gas prices in New York tells me they pay $3.60/gallon)
I've talked to a New Yorker visiting Ljubljana, he was extremely excited about getting a flat for 1700eur/month because that was about half his NYC rent. It was probably one of the ten most expensive flats you can get in Ljubljana. And we have exorbitant rent prices compared to the rest of my home country.
So yeah, I can easily see how an american would think living on the road is super cheap compared to staying home.
If you hitchhike, walk, or bicycle, you can avoid the trains. Even if you take a train every three weeks, that's only US$130 out of your US$500 budget.
> Hell, the basic government fees (insurance, pension etc.) to keep my sole proprietorship running costs me 300 euro/month.
Typically backpackers pay very little in taxes because they aren't making any money, or if they are, they're doing it under the table.
> I really don't see how you could live on the road on $500/month, you're making stuff up.
No, there are a lot of people who do this. You should meet some of them. Sign up with Couchsurfing and host them.
Also, American's wouldn't be spending 300 euro / month on insurance / etc. (Presuming this because the figure was quoted in dollars).
I really liked the link though. I think I've done almost everything on that list.
It fluctuates :)
http://wandrlymagazine.com/article/roadtrips/hitchhiking/
http://www.freakonomics.com/2011/10/10/where-have-all-the-hi...
We did meet people on the road that helped us out too...but most of the time is was from walking around in the remote parts of a town or area and looking lost or walking up to a Bedouin tent.
Traveling can cost significantly less than most people expect when you use points / miles and avoid hotels.
And he is one of those that optimises for enjoying his life - I think you have _completely_ twisted what he says. They travelled enjoyably without wasting dosh: http://www.mrmoneymustache.com/2013/01/15/a-tale-of-two-vaca...
E.g. travel: "As twentysomethings, my wife and I saw a bit of the world including Australia, New Zealand, Italy, Hawaii, Mexico, and of course Canada and a great amount of the US. Now that we’re parents to a six-year-old, we keep things a bit more tame by staying mostly within North America. But that doesn’t mean sitting at home at all times. Even at this age, our son has been to four countries and about 20 US states. We spend about 3 months traveling each year and plan to do more as he gets older."
I traveled in relative luxury for more than two years in Italy, Asia and Argentina for less then my previous monthly cost. Depending on your profession it might be harder to earn money while traveling though.
While many of the examples are silly, I agree very much with all the advice to travel a lot. That takes money. Actually most of the things on that list go way beyond "live cheaply", and I agree with that.
Anyway, as my economics professor said in college. There are those people who plan out how much they must save for an early retirement, and there are those who live.