This is the #1 question we get, “why should I retire overseas?” I can go on and on regarding the benefits…but here is my #1 reason why you should consider living abroad…YOU WILL LIVE LONGER! Your money will go further due to the lower cost of living. Healthcare is a fraction of the costs in the US or UK…and its better! Watch this episode to get more insight. Please subscribe to our channel and don’t forget to “like” and “share!”
Link to Video: http://www.youtube.com/watch?v=tkcENpBI3Xk
The staff at Compass Group International has a deep passion for world travel and exploring different parts of the globe. We do not receive any compensation for producing our podcasts and videos, please support us by “liking” “subscribing” and “sharing” our podcasts with your friends & family. Also, feel free to share this on any of your social media sites! Many of our audio podcasts have accompanying videos on our youtube channel: http://www.youtube.com/wroadhouse
About our new Blog on #Wordpress! “Living on $1,000 a month in Asia & Latin America” will feature all “Original Content” from our in-house writers and contributors! Videos, podcasts and written articles will all revolve around one topic…Living Abroad! Please follow and sign up for new updates! Also “like” our page on Facebook:
Aug 20, 2015: by Will Roadhouse, CEO | Compass Group International
Living on $1,000 a month: Pre-Move Strategies! Part 1
Today’s article we’ll discussing an ongoing topic, “pre-move strategies!” I feel this is an instrumental part to a successful transition to another country. Most articles revolve around one thing…statistical information of a specific country/city, why you should move there, and what are the next steps once you’re moved in. These authors forgot one important factor…THE Pre-Move Strategy! You will see many articles, podcasts and videos from all our social media channels emphasizing these strategies. I feel these topics will save you and your family, a lot of time, money and frustration! Also, please remember that each of these articles will have an accompanying podcast and/or video to supplement this article. There, we will go much further into detail of each topic of discussion. All of my articles will quickly get to the POINT with bullet points to highlight each topic. This ensures you will get to the heart of the matter quickly without the FLUFF. Let’s get started.
A one week vacation doesn’t mean you will enjoy living there!
Mexico, Belize, Fiji…were all great vacations – I had a wonderful time in my two weeks in each country filming for HGTV’s House Hunters International. But, when I analyzed my needs as a future expat…none of them appealed to me. Mexico’s coastal cities are over priced, foreigners CANNOT legally own real estate in Mexico, and there’s too much crime. Belize was beautiful, but just too boring – everything closed too early, and the cost of living was higher than I expected. Fiji has some of the nicest people in the world (that’s a big plus), but I found the cost of living to be high and it wasn’t as culturally diverse as I hoped. My tastes may be different than yours – these are just my opinions.
I’m not a big fan of island get-a-ways as a permanent residence. They’re great vacation spots – that’s it! I can see and experience just about everything in these islands within a week or two…after that – I’m bored! Sitting on a beach and “baking” all day…every day…is not my cup of tea. My point is, just because you had a great vacation doesn’t mean you will like living there.
I need to be in a foreign country with many things to do (entertainment, nightlife), low crime rate, and the living costs need to be extremely LOW! What’s the point of living overseas in a 3rd world country if the prices are the same as North America? This is why I enjoy countries like Costa Rica and Thailand. They have large beach cities and the country’s capital has plenty of things to keep me entertained. For example, if I’m in San Jose, Costa Rica or Bangkok, Thailand…the nearest beach cities are just an hours drive. Both cities are rich in cultural diversity, low cost of living, great nightlife, bars & restaurants, and inexpensive healthcare. I can’t be in a city where everything closes at 10pm!
You have to ask yourself in your pre-move strategy…will I get bored? If I’m not ready to retire, is there enough opportunities for me to generate additional income?
The most important factor most future expats forget to analyze is their current lifestyle. Take a deep look into your daily habits and where you reside, I bet you live in a big city. If you think that living in a tiny island or small beach city is just what you need…you’re WRONG! You will get bored! Remember, one of the most important key’s to longevity is making sure you’re always socially active…not isolated.
Imagine going to the same coffee shop, bar, restaurant and beach…seeing the same people every single day? I get annoyed…I need more! For example, Taiwan is a small island…but there’s over 24 million people in this country, and there’s always something to do! I need international grocery stores, movie theaters, easy access hospitals, nightlife, live entertainment, inexpensive and high end Michelin starred restaurants to satisfy my needs.
I want Chinese, Japanese, Italian, Greek, Lebanese, Indian, Thai, Vietnamese, American, Mexican Food! I want great selections of wine and craft brews! I want access to fresh “daily caught” seafood, chicken and excellent cuts of beef & pork. You may think that most expat destinations have these simple things…you’re wrong! I DON’T WANT TO SACRIFICE!
Based on over a decade of experience in traveling the world selling and marketing international real estate; buyers that purchased in isolated locations tend to visit their 2nd homes less and less each year…then, they eventually sell it and move to a larger city. Also, appreciation is much higher in larger cities as opposed to isolated cities.
To sum up this pre-move strategy, you need to ask yourself:
Analyze your current lifestyle and pinpoint the parts that you love…and don’t want to give up. For example, I love eating, so dining out and eating different types of cuisine is very important to me. I love to explore, I want the convenience to visit other parts of this country by hopping onto a bus or car without having to fly. I have to be in a cities that’s rich in cultural diversity (a melting pot)…I want to see and interact with people from other countries. I love going to first run movies. Many small beach cities don’t even have movie theaters. And lastly, I don’t want to see the same people every single day!
Can foreigners own real estate in this country? Countries like Mexico and Vietnam does not allow foreign ownership…leases only. I predict that Vietnam will change this very soon.
How long can I stay in this country on a tourist visa? Do I have to make “border runs to renew my visa?”
What is the residency requirements? Is it tough to establish residency?
What is the local healthcare like? For example, Cambodia has an extremely “low cost of living” but the healthcare is terrible!
Is it difficult to get to my location? If so, I can assure you friends and family will seldom visit you. Then again…maybe that’s what you want;) Also, keep this in mind, if you’re in a “life or death” situation the more isolated you are…the higher chance you will not get the medical attention (in time) to survive!
If you want to start your own business, does the country make it difficult for foreigners? For example countries like Costa Rica and Thailand require business owners to employ a certain amount of locals for every one “foreigner” working in your business.
Do you have to learn a second language? Big international cities like San Jose Costa Rica, Bangkok Thailand, Manila Philippines do not require one to speak the native language because these are high “tourist” cities, many locals speak English.
If you have children, where are the schools, and how is the local education system? What are the costs? For example, in Thailand American private schools are just as expensive as the US…but in countries like Costa Rica, private school tuitions are a fraction compared to the US.
What do you do during the week?
What do you do during your weekends?
Trace your daily steps, write down what were the highlights…then make sure these amenities are available in the country/city you’re looking reside in.
These little “tid-bits” add up, and will make or break your full enjoyment living in a foreign country.
Please tune into our podcast that supplements this article: Living Abroad episode 2: How to plan a move overseas! Pre-move Strategies! Subscribe/follow to get updates on our latest releases.
(New TV Show): Living on $1,000 a month in countries like Thailand, Costa Rica… and more!
There are over 10 million individuals – just in the United States looking to move to a foreign country – full-time! This does not include the part-time (2nd homeowners). Today, expatriates (of all ages) are enjoying low costs of living, free or low-cost health care, and a higher quality of life that surpasses their current lifestyle in the States. Is it possible to find a quality of life that matches or surpasses what they would be able to afford in their home country?
Living on $1,000 a month in Bangkok, Thailand will clearly show you that a better quality of life, that you can’t afford at home..here in Bangkok -it’s a cold-hard reality:) Our experts will take you through an in-depth guide to successfully relocate you to Bangkok, Thailand. Expats living in Bangkok are saving thousands of dollars per month (just to name a few) on health care, housing, dining, entertainment/activities expenses!
You’ve worked hard your whole life to enjoy the finer things when you retire, but today more and more people are finding that the finer things simply aren’t in their budgets. The strategies and suggestions in this course are tried and proven – this isn’t theory or internet research…we actually live in Bangkok! Completing this course will give you and your family the knowledge and confidence to build a successful and happy life in Bangkok, Thailand. This is what your dream retirement should look like – this course will make your dream retirement into reality.
Travel UnCUT! Jaco, Costa Rica: Came across this brand new #Hostel by the beach. Accommodations starting at $14/night – private rooms for a bit more! Upscale hostel with a fun crowd for all ages! Great for the #budgetTraveler! Check out our new episode for more info! Head to their facebook page Room2Board Produced by Will Roadhouse & Dean Studebaker #compassTVnetwork #compassGroupinternational #worldtravel #livingON1000
Must listen podcast for real estate investors! When is the right time to buy a home overseas? Should I wait for better deals? These important questions and many others will be answered in this short informational podcast from Compass Group International Please share with anyone looking to buy a home abroad.
=> Link to video: www.youtube.com/watch?v=OlN5tWptJow
The staff at Compass Group International has a deep passion for world travel and exploring different parts of the globe. We do not receive any compensation for producing our podcasts and videos, please support us by “liking” “subscribing” and “sharing” our podcasts with your friends & family. Also, feel free to share this on any of your social media sites! Many of our audio podcasts have accompanying videos on our youtube channel: www.youtube.com/wroadhouse
Please send any questions you would like us to answer on our next podcast to Will@1Compass.net ,and, we’re always open for interviews and co-producing future shows with fellow world travelers, expats, and lifehackers. Travel far and travel often!
– Will Roadhouse