Living beyond the numbers of the expat lifestyle

July 1, 2012 · Posted in Travel 

Wealth management means different things to different people, as does retirement. For some, it is IRAs and bank-manged stocks or funds. These are common types of investments. And for the vast majority of people whose life is restricted to suburbia, international investments, tax havens and offshore accounts are nothing but words. The thought of being able to make international business deals alongside multi-million dollar corporations seems like a joke.

The reality is that so long as you don’t mind doing a little bit of travel you can enjoy the same benefits. The 21st century has allowed more and more people around the world to access and research international investments via the Internet. As the visibility increases more and more expats around the world are choosing to make international travel and investment their priority rather than leaving their money in banks back home. All of this is to access something average people have a hard time comprehending: early retirement.

Although it might sound like a fantasy at first, the reality is that retiring early is something that anyone can do. The U.S. is continuing to see costs that are three and four times more than most of the rest of the world, which means the average individual has a salary that can’t even cover their basic costs. The only choice is to start borrowing money from the bank and credit card companies to pay the bills, which means instead of saving money you are actually sinking further and further into debt.

This is where the expat lifestyle shines. Expats are entrepreneurs on a global level because they have the flexibility to go anywhere in the world that they want and invest in whatever they want. This is because they aren’t trusting in a failed government or bank to secure their future. Instead, they are looking at places like Chile or Brazil or Singapore where the economies are booming and universal healthcare cuts your cost of living down to almost nothing. On top of that, the cost of living is dramatically cheaper and there are plenty of jobs.

It’s so simple that even a child can understand the numbers. The average, ordinary salary of 25k a year after taxes in the U.S. will only cover your bare-bones basics, but in a country like Mexico where you only need 15k a year for an upper middle class life and suddenly you can start putting 15k a year back in your savings. Plus, whereas a house in the U.S. costs 225k for a 3-bedroom place, you can pick one up in countries like Chile for around 35 to 50k. It’s these types of numbers that allow expats the early retirement most people only dream of.

What’s truly mind-boggling is that all of this is possible on just a median salary. Imagine the types of results you can see when your salary is 50k, 100k and 250k and beyond per year. The more money you make per year the more options you have because your costs are almost nothing. Plus, with medical tourism you can access universal healthcare along with a higher level of control over your income. This allows you to make intelligent living decisions rather than only making it paycheck to paycheck. Once you realize the simplicity of the expat lifestyle you can quickly see that you can retire long before you are 65 years of age.

Each day, more and more expats are choosing to live a life abroad rather than stay at home. That’s because you can achieve more by living a life of absolute freedom than you ever could as one of the countless wage slaves working their lives away back home.


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