GETTING THERE used to be part of the fun. Those who travel as part of their profession must now cope with the reality of life.

JackFalveySig

Being an officer of a corporation may provide flexibility. Not having the privilege of rank may mean doing what must be done to be where you must be.

Financial management means managing costs. Planning your personal finances means that you must think about how best to proceed. Not to proceed at all is an option. Limited travel is not always an option, but putting things together as best as possible is a common strategy. Out and back is costly. Round robin with several stops cannot always be done, but attempting that kind of planning should be done.

You can survive coach seating for a couple of hours when required. One extended ride on a corporate jet will make those in first class look less privileged. The airfare game is now a video timing challenge. The return on investment makes it a worthwhile skill to master.

“Where must I be, and why must I be there?” must be cost justified. That is a business decision. Personal travel presents all kinds of different issues. Keeping family ties tight can be more than justified as a necessary cost. Relocation to “grandchildren world” to reduce travel and increase personal contact makes good sense at appropriate ages and stages.

If timed reasonably, driving long or medium distances can work. Global now means world travel. You may or may not be a part of that action. The financial resources required by the travel bug have to be a big part of your plan.

Are there ways around things? Definitely! A once-in-a-lifetime trip to a famous tourist destination city was managed most economically by one couple by identifying that city as the one they lived next to. They played tourist for a few days and then, on the final day, rather than having to drive to the airport, they drove home for lunch.

Not a bad financial strategy. They also saved personal wear and tear, plus they did not have to deal with security. Valet parking brought their car around in less than three minutes. First class all the way.

Jack Falvey is a frequent contributor to the Union Leader, Barron’s and The Wall Street Journal. He can be contacted at Jack@Falvey.org.

Friday, December 06, 2019
Thursday, December 05, 2019