The vast majority of people who hear about retirement or wealth management immediately think of big business and stock brokerages, bank-managed funds and brokerage accounts and IRAS and beyond. Tax havens and offshore bank accounts are the last things on most people's minds because they believe that those sorts of things are beyond their ability to tap into. But if big business can do it, why can't you?
If you are someone who enjoys international travel than the reality is your to grasp, and there's no joke about it. In the modern age you can access a wide array of connections in all corners of the globe via the Internet, which means researching tax havens and making international investments are easily accessible. For this reason more and more expats are choosing to explore early retirement via living and investing in other countries, which is hard to grasp for some people who have been taught that only trouble exists outside of the borders.
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 math that any grade-school child can understand. If you can take your average, median salary of $25,000 a year after taxes (according to the U.S. Census Bureau) and go to a country where the cost of living is at most a mere $10,000 a year compared against the U.S. cost of living where the median wage worker is actually living on credit to make ends meet, you can start putting anywhere from $15,000 to $25,000 per year back into your pocket. And considering that a house in a place like Chile costs a mere $35,000 on average compared to the average home in America that costs $225,000 and you can see how an early retirement might be achievable.
The most brilliant aspect of all of this is that you can do it on just a middle of the road salary. You don't have to be a millionaire or CEO of a major company to utilize global tax havens and cheap costs of living for your early retirement. But if you are, imagine the power of what you can do with 150k or more a year that you can do anything you want with because you only need 15k or so of it to live, rather than 100k+. With more power comes more responsibility, and intelligent living decisions are the ones that make the difference between expats who retired early and the broke people who are waiting until they are 65 years old to retire.
If you are someone who enjoys international travel than the reality is your to grasp, and there's no joke about it. In the modern age you can access a wide array of connections in all corners of the globe via the Internet, which means researching tax havens and making international investments are easily accessible. For this reason more and more expats are choosing to explore early retirement via living and investing in other countries, which is hard to grasp for some people who have been taught that only trouble exists outside of the borders.
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 math that any grade-school child can understand. If you can take your average, median salary of $25,000 a year after taxes (according to the U.S. Census Bureau) and go to a country where the cost of living is at most a mere $10,000 a year compared against the U.S. cost of living where the median wage worker is actually living on credit to make ends meet, you can start putting anywhere from $15,000 to $25,000 per year back into your pocket. And considering that a house in a place like Chile costs a mere $35,000 on average compared to the average home in America that costs $225,000 and you can see how an early retirement might be achievable.
The most brilliant aspect of all of this is that you can do it on just a middle of the road salary. You don't have to be a millionaire or CEO of a major company to utilize global tax havens and cheap costs of living for your early retirement. But if you are, imagine the power of what you can do with 150k or more a year that you can do anything you want with because you only need 15k or so of it to live, rather than 100k+. With more power comes more responsibility, and intelligent living decisions are the ones that make the difference between expats who retired early and the broke people who are waiting until they are 65 years old to retire.
About the Author:
The expat lifestyle is one of continual adventure and excitement. It does take some strength to make it through, however, because there are obstacles and challenges and ups and downs to any walk of life, even expat living.
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