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Any Expats here?

Posted on 5/15/22 at 2:46 pm
Posted by Yeti_Chaser
Member since Nov 2017
7771 posts
Posted on 5/15/22 at 2:46 pm
I'd like to hear about your experiences. Whered you go, what you do for a living, what it's like, any advice, etc. Do you make your money in American dollars or your local currency? What are your taxes and cost of living like? Did you take your possessions with you or start fresh? Do you maintain a home in the US?

I think I'd like to try living somewhere in South America for a few years, maybe permanently depending on how well it goes. Maybe Ecuador, Peru, or Costa Rica. I've been learning Spanish and I'm young and single with no kids. I have a long ways to retirement and I have a really good job here thats hard to give up although they may be open to telework at some point. I'm thinking about getting into rental properties here and moving once I have enough assets to cover all expenses which will likely take at least 5-10 years. I want to make sure I can not only make enough money to live on, but also enough to come back to the US should things not work out
Posted by Shepherd88
Member since Dec 2013
4596 posts
Posted on 5/15/22 at 3:10 pm to
I’m young but have a desire to do this one day. Have a client who just moved from Seattle to Costa Rica and that’s one destination in my mind. Chile is another feasible place as well.

Crete, Greece has always been one our favorite places we’ve traveled to though, but I dunno if that’s really a feasible option. Their economic situation and tax system doesn’t seem as favorable.
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 5/15/22 at 3:18 pm to
Unfortunately, there is a reason you can lease a nice place down there for 75% less. the cities have lots of petty crime, traffic, and 0 earning opportunity.

moving you'll have many inconveniences like starting resident visa process, getting id, credit..

Id write off all of central America. start in cartagena or bogota and go from there. South America has great night life and weather. Plenty outdoor activities as well.

make 10+ short trips first. After that if all is well, move for a year. do not buy property.
This post was edited on 5/15/22 at 4:19 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
37759 posts
Posted on 5/15/22 at 5:50 pm to
Checking In. 38/male

I have settled down in Pereira, Colombia and Barranquilla, Colombia.

I still travel quite a bit and also spend a lot of time on the beaches in Mexico.

How do I make money?

Real Estate back in USA, SEO was a hobby at first and now I have a few content websites that pay me a few thousand per month.

My main source of income is my government contracting company.

I still have a home in USA that I airbnb while i am gone.

My advice is to jump in man. Life is so much better here than USA.

Happy to share my contact information if needed.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 5/15/22 at 6:15 pm to
quote:

I Love Bama



how did family react to your decision to live abroad? How often do you see them/was it a factor in your decision to move abroad?

Did you retain your US citizenship?
Posted by bostitch
Member since Apr 2016
561 posts
Posted on 5/15/22 at 7:12 pm to
We did Europe for a while, me my wife and a toddler. We both worked for a US company on a pretty shitty ex-pat deal but we figured the experience and resume builder would offset the 52% effective tax rate there.

Overall it was pretty cool and I'd do it again. Can't really place a value on life experience

Positives:
* For the first year everything you do is new, from sights to grocery stores. You can knock out a hundred vacations worth of experiences in a short time.
* easier to get friends and family to visit than it is to get them to a TX suburb.

Negatives:
*you realize (depending on where you're at, both home and abroad) how shitty quality of life is outside the US if your metric is in material things. I didn't mind, wife sure as frick did
*Also working abroad was harder, the bar was so much lower in terms of talent and work ethic. Part of that can be an advantage though. Much easier to enjoy life outside of work with a European vacation schedule.
* eventually your day to day becomes exactly that and the novelty wears off. So pick somewhere better in some way than where you're at now, don't just settle for "different"

Middle:
*Uncle Sam will get his cut of your paycheck regardless. Not really a factor in EU countries though.
Posted by Matt225
St. George
Member since Dec 2019
864 posts
Posted on 5/15/22 at 10:06 pm to
Looking at similar for retirement.
If I was young: 1) I would at be building skills/job to work remote. 2) Look into tax implications for staying in as resident in these places. (understand they will get stricter over time) 3) Do not mark off places like Malaysia, Portugal, and Eastern Europe.
Posted by LSUOFFSHORE
Madisonville,LA
Member since Nov 2007
522 posts
Posted on 5/16/22 at 2:29 am to
Family and I have been in the Middle East for 6 months now, I was in Kazakhstan prior. O&G.

Family wishes we would have moved abroad years ago.
Posted by stelly1025
Lafayette
Member since May 2012
8551 posts
Posted on 5/16/22 at 3:44 am to
Live in Germany and manage all the rentals properties my wife and I own. For us taxes are pretty high though the cost of living is surprisingly reasonable here. I make Euro ,but I transfer money to my bank account monthly to maintain my house back home. When I made the move everything that I didn't need I sold, donated, or gave to family and friends and took what I needed. I don't your situation, but for me it was much easier to move given that my wife is a citizen and we already had everything in place. Even then the move was still expensive. I would recommend you save a good bit especially if you are moving there on your own.
Posted by Squedunk
Around Dumb People
Member since Jun 2008
682 posts
Posted on 5/16/22 at 5:35 am to
Work in O/G. Lived in Dubai for over 3 years. Travelled to most ME countries for work. My wife cried when I told her we were moving there and cried when I told her we were moving back stateside. It was a great experience and we loved it there. I encourage everyone to experience life outside the states.
Posted by I Love Bama
Alabama
Member since Nov 2007
37759 posts
Posted on 5/16/22 at 6:37 am to
quote:

how did family react to your decision to live abroad? How often do you see them/was it a factor in your decision to move abroad?

Did you retain your US citizenship?


No issues at all. I get my mom a flight to visit whenever she wants and I go home often to see them. People think moving abroad is this dramatic goodbye but there are tons of flights home every day. I can wake up in the morning, decide to go home and be back at my parents house by sunset.

Yes, I would never give up citizenship. Simply for the fact that Uncle Sam is who writes my checks.


I am in the process of becoming a Spanish and a Colombian citizen as well.

Posted by oneg8rh8r
Port Ludlow, WA
Member since Dec 2003
2710 posts
Posted on 5/16/22 at 7:43 am to
My wife and I are thinking the same. She is a Trader of Options, so she can work anywhere with good internet. I am a contractor but already receive a pension from my Military life. We have put away a pretty substantial amt of money and I'd be looking for the jump in about 6 yrs so we are starting to set up visits abroad to scope it out.

I just have to be next to water for fishing and diving. Any suggestions on where to start looking.
Posted by Jag_Warrior
Virginia
Member since May 2015
4154 posts
Posted on 5/16/22 at 8:07 am to
quote:

She is a Trader of Options


Posted by AUCE05
Member since Dec 2009
42582 posts
Posted on 5/16/22 at 9:57 am to
No, but I have researched it. Check out Belize. English speaking and affordable. A lot of Americans struggle in Asian countries due to culture shock and you will never really be accepted locally.
Posted by I Love Bama
Alabama
Member since Nov 2007
37759 posts
Posted on 5/16/22 at 10:14 am to
quote:

I just have to be next to water for fishing and diving. Any suggestions on where to start looking.


You sound perfect for Belize.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31343 posts
Posted on 5/16/22 at 10:23 am to
Biggest concern for me would be the quality of healthcare. If you're younger probably not as much of a concern.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30657 posts
Posted on 5/16/22 at 10:32 am to
quote:

Crete, Greece has always been one our favorite places we’ve traveled to though

Getting a coffee or meal next to the water at the Port of Chania is incredible
Posted by I Love Bama
Alabama
Member since Nov 2007
37759 posts
Posted on 5/16/22 at 1:15 pm to
People living here are 10x healthier.

Most of the food is organic. You are walking much more than in usa. The amount of overweight people here is less than 5%.

In regards to doctors/hospitals/etc , you have a point somewhat.

If I had a rare cancer, I would much rather be in usa. But for practically everything that’s considered routine, they are fine here.

I have the best health insurance money can buy here and it’s $1,100 per year.

I had a dermatologist appointment this morning and was out $15.

Last week I had all my blood work done and it was $50 for like 20 tests.

A dental cleaning is $15.
Posted by baldona
Florida
Member since Feb 2016
20595 posts
Posted on 5/16/22 at 1:56 pm to
If you are young certainly healthcare doesn’t matter. If you are 60s plus big difference.

If you can find work and make a living, that’s great. But there’s a reason why way more people try to come to the USA to find work then leave to work elsewhere.

I think you’d be a little crazy to look for a job somewhere that’s serious work outside of like bartending.
Posted by I Love Bama
Alabama
Member since Nov 2007
37759 posts
Posted on 5/16/22 at 3:07 pm to
The move is to make dollars and spend (in my case) pesos.

With my lifestyle, I have a savings rate of over 90%.

You're 100% correct though. People who come here and try to compete in the local labor market are just wasting their time.


I am in the process of buying a penthouse in Barranquilla. Excited to share with you guys.

I am buying it for $100,000 USD. Two-stories. Private rooftop pool. Literally my dream property.

Needs a complete remodel though so I imagine my all in costs will be closer to $175,000.
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