FX Excursions

FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world.

Your Financial Roadmap

Sep 1, 2017
September 2017

YOU’RE PLANNING AN INTERNATIONAL TRIP, except this journey leads toward your financial future. You must ask yourself: Where am I now? Where do I want to be? How am I going to map out my path? Will I take advice from peers, blogs or professionals? A successful financial future begins with creating a plan and requires

Setting your destination
Taking inventory
Mapping out a path
Rerouting
Keeping your long-term destination in mind.

SET YOUR DESTINATION
Building realistic goals is arguably the most fundamental part of the process. Regardless of whether you are just starting out or are closer to retirement, it is essential to have an idea of where you want to be and the kind of lifestyle you want to live.

Write down your goals (if in a partnership, with your significant other); prioritize and create small milestones along the way.

TAKE INVENTORY
Before taking to the open skies, it’s time to take inventory. Assessing your financial position involves gathering all of your assets and liabilities. Now you can simply compute your net worth.

Net Worth = Total Assets – Total Liabilities

MAP OUT A PATH
You know where you want to go and have a basic understanding of your net worth. Now:

Create a spending plan (budget) that fits your lifestyle by distinguishing between your essential and discretionary expenses.

If you are spending more than you’re earning, debt management will be key. Start by paying off the debt with the highest interest rate and the lowest balance first.

If you have a positive cash flow, maintain a balance between debt payments and savings. Make sure you are getting the most out of your money. Is the interest rate on your debt higher than the potential returns on investments?

Maximize your savings. First establish an emergency fund, then max out retirement savings (through your employer or IRA). Still have discretionary savings? Consider a taxable investment account.

REROUTE
While cruising life’s highway, it’s important to be mindful we will not always be able to take the fastest route to our destination.

You cannot plan for every event, but you can mitigate your personal risk exposure with an emergency fund and/or the appropriate insurance.

KEEP YOUR DESTINATION IN MIND
The trip isn’t always a smooth one. Maintaining a consistent strategy for the long term will help you ride out the waves of turbulence.Assess and maximize your savings strategy.

Review and rebalance investments. Review your financial goals on an annual basis (or as circumstances change).

Consistency is key. Don’t become victim to the tourist trap. For every pit stop you make, the less time you’ll have to enjoy your destination.

Understanding the basics is a good first step to formulating a successful financial strategy. However, a professional financial planner can act as a guide and resource for you along the way.

Introducing

FX Excursions

FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world.

#globility

Insta Feed
Daily
Sep 28, 2022

Visit California Creates Platform Showcasing Native American Culture in the State

This month, tribal leaders and state officials joined Visit California at the future Agua Caliente Cultural Plaza to unveil a new statewide initiative. This initiative aims to showcase California’s native communities and cultural tourism experiences to domestic and international travelers. At the announcement, tribal leaders from across the state shared with journalists a sampling of the state’s vast array of offerings.

Alaskan Wild Wonders by Celebrity Cruises

Experience the beauty of Alaska and save 60 percent off cruise fares on your second and fourth guests. Plus, drinks, WiFi and tips are all included.

Daily
Sep 28, 2022

Love Stories Rooted in Southwest Germany’s Palaces and Gardens

Longing for a destination steeped in romance and enchanting stories? In Southwest Germany, a collection of soaring castles and resplendent gardens offers connections to tales of true love. Take a trip to Sepulchral Chapel on Württemberg Hill in Stuttgart, overlooking the Neckar Valley.

eFlyer Reviews
Sep 28, 2022

C. Baldwin, a Curio Collection by Hilton Review

Nestled amongst the high-rise offices of downtown Houston, C. Baldwin, a Curio Collection by Hilton hotel, provides an oasis of contemporary comfort and thoughtfully designed green space.

Alaskan Wild Wonders by Celebrity Cruises

Experience the beauty of Alaska and save 60 percent off cruise fares on your second and fourth guests. Plus, drinks, WiFi and tips are all included.

eFlyer News
Sep 28, 2022

2023 Travel Trends by ToursbyLocals

ToursbyLocals, the private tour marketplace connecting travelers with certified local guides for customizable tour experiences, conducted a proprietary travel survey to determine travel trends for 2023. The company features more than 44,000 guides in almost 200 countries, allowing a comprehensive study to reveal what’s in store for next year.

Daily
Sep 28, 2022

Holland America Becomes First, Only Cruise Line Certified Sustainable for Alaska Seafood

Holland America Line was awarded Responsible Fisheries Management certification, officially becoming the first and only cruise line to receive the credential. Holland America Line serves only fresh, certified sustainable and traceable wild Alaska seafood; all six of the line’s ships that sail to Alaska earned the certification following independent audits.

8 Reasons to Press the Green Button and Visit Ireland

Start planning that long-awaited trip to the island of Ireland. With all travel restrictions now lifted, there has never been a better time to visit.

Daily
Sep 27, 2022

Where to Go in 2023: Domestic

It’s never too early to plan that next big trip. Look ahead to 2023 with travel inspiration from these domestic destinations.