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Featured Advisor



Kim Butler
President

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX



BIOGRAPHY:
I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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Dream Vacations Are a Matter of Money and Age

What’s your idea of a dream vacation? The answer is likely to depend on how old or rich you are. Learn more about the results of our latest monthly survey.

| BY Adriana Reyneri

What’s your idea of a dream vacation? The answer depends on how old and rich you are, according to the results of the latest monthly survey from Spectrem’s Millionaires Corner.

A European tour is the most often-cited dream vacation of high net worth Millionaires – those with $5 million up to $25 million to invest, according to our April survey. An all-inclusive resort is the top pick of less affluent individuals – those with under $100,000 to invest. Older investors were also more likely to favor a trip to Europe, while younger folk preferred an all-inclusive experience.

Many American workers leave vacation days on the table. Click here to learn more.

Budgetary constraints may help explain the varying definitions of a dream vacation. Close to one-fourth of less affluent investors – compared to 5 percent of high net worth Millionaires – do not plan to take a vacation at all and 36 percent plan to spend less than $2,000 on travel this year. In comparison, more than 80 percent of high net worth Millionaires plan to spend $5,000 or more on vacations in 2013, including 29 percent who intend to spend $15,000 or more.

High gas prices limit the travel plans of many Americans. Click here to learn more.

More alternative types of vacations – such as a visit to an emerging nation, eco-tourism and service travel – had the highest appeal among single investors and those ages 40 and younger. Older investors and those who are married are more likely to describe a dream vacation as a visit to friends and family.

Least likely to be cited as a dream vacation by both high net worth and less affluent investors are an educational trip (13 percent and 8 percent, respectively) and service travel or a volunteer vacation (6 percent and 5 percent, respectively).