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.

Explore Excursions

#globility

Insta Feed
Daily
Feb 23, 2024

The Radical: A New Boutique Hotel, Opens in Asheville, North Carolina’s, River Arts District

Once an abandoned 1923 constructed warehouse in Asheville, North Carolina, it took a creative group of designers, artists, musicians, chefs and business folks to transform a neglected, 100-year-old structure into one of Asheville’s most interesting and daring hotel projects.

Exclusive Savings: Cruise Along the Danube River with Global Traveler

Exclusive Sailing with Global Traveler

February 2024
Feb 23, 2024

Pickle Up: Get in on America’s Fastest Growing Sport

Early on, pickleball had something to do with pickles. Pickles the dog, that is. In one story, the game was named for a family dog that ran off with the ball between sets.

Daily
Feb 23, 2024

Hôtel Norman Opens Near the Top of Champs Elysées

Located a short walk from the Arc de Triomphe, Olivier Bertrand recently opened Hôtel Norman for those looking to explore the city.

The Argosaronic Islands Are Calling

The Saronic or Argo Saronic Islands of Greece call travelers to explore its seven small islands and islets brimming with history, natural sites and more. With most easily accessible by boat, the islands’ proximity to ports of Athens make the Saronic Islands an ideal destination for those preferring shorter boat rides. In fact, trips from Athens ports to the islands take only between 10 minutes and two hours, depending on the island you choose, making them perfect for day or weekend trips. From Piraeus port, you can access Hydra, Spetses, Aegina and Poros directly. Come explore these stunning islands with us and find the inspiration to plan your next trip to these islands. Hydra Hydra town curves around a slope overlooking the Argosaronic Gulf like an amphitheater and is considered one of the most romantic destinations in Greece. Most unique to the island is its lack of vehicles. People on the island get around on mules and donkeys as well as water taxis, making for a peaceful and laid-back day. Hydra lies a two-hour ferry ride from Piraeus port in Athens.

Daily
Feb 23, 2024

JW Marriott Hotel Mexico City Polanco Completes Renovations

JW Marriott Hotel Mexico City Polanco recently completed renovations of its entrances, lobby, culinary concepts and meeting space. This marks the final stage of the renovation, which began in 2021 with the revitalization of its 269 guestrooms and 45 suites.

Daily
Feb 21, 2024

Make Alberta, Canada, Your Next Wellness Getaway

Rich in mountains, prairies, forests and hot springs, Alberta, Canada, takes nature and wellness travel to a whole new level. Combine the beauty of this western Canadian province with relaxation and you’re in for a treat.

Reconnecting the World: GBTA Convention 2023 Spotlights the Vital Role of Business Travel and In-Person Connection

In an increasingly digital and interconnected world, the Global Business Travel Association (GBTA) Convention remains an indispensable platform for business travel industry professionals seeking to make the most of the power of face-to-face connections. Taking place August 13–15 in Dallas, the 2023 GBTA Convention provides the unique opportunity for professionals and companies to join visionaries, thought leaders and industry experts for meaningful networking, cutting-edge insights and inspiring innovation.

eFlyer Reviews
Feb 21, 2024

Amantaka Review

You know what you’re going to get at an Aman hotel, and also you don’t. Expect peerless service, obsessive attention to detail, architectural elegance worthy of a fashion magazine, a holistic approach to wellness and astounding levels of comfort. But each property is also intimately connected to its setting, and that’s where the surprises lie. For instance, finding yourself on your knees on a sidewalk in Luang Prabang handing out sticky rice to Buddhist monks at 5:30 a.m. isn’t something we expected.