Live and Invest Overseas By Kathleen Peddicord

Sláinte! Welcome To The Wonderful
World Of Irish Pubs

March 2, 2015, County Kerry, Ireland: Pubs are an important and traditional part of Irish life.

Dear Live and Invest Overseas Reader,

"Oh, yes, they're regulars here. One of them is my great-uncle, and they've been coming here since they were lads, three times a day."

"Excuse me?" I couldn't help but reply.

"Three times a day, that's right. Once at noon, then again midafternoon, and once more around 9 o'clock. Two pints each, every time."

My husband and I were in a small traditional pub in West Kerry, talking with the landlady about two gentlemen we'd met there on a previous visit. Farmers by their clothing, in their 70s and chatting quietly together in Irish as they nursed their pints, they stood for everything we'd hoped to find in southwest Ireland: community, tradition, real people living down-to-earth lives... and if tradition included six pints of Irish stout every day for over 50 years, well, so be it.

Welcome to the world of Irish pubs!

I have to say that we're new at this. I can't begin to count the number of pubs in County Kerry alone, so there's a lot of research ahead before we qualify as experts. However, we've noticed points common to all the pubs we've visited so far that are giving us some hints about Irish culture.

First and most refreshing, you don't have to drink alcohol in an Irish pub if you don't want to. I would never dream of going into an American bar for anything other than an alcoholic beverage—maybe a soft drink as the designated driver but not for a cup of coffee or tea. Here, you can order a coffee made with real Italian espresso or a strong pot of tea, and no one gives it a second thought. If you're a teetotaler and don't like sugary sodas, you're just as welcome to stay and sip your coffee while enjoying the craic (lively conversation) and the traditional music.


How Don And His 9-Year-Old Grandson Are Retiring Overseas

May 30, 2012, Mercedes, Uruguay: Mercedes, Uruguay, a small, quiet, riverside town, could be ideal for relocation in retirement or with school-aged children.

Dear Live and Invest Overseas Reader,

"My name is Don, and I'm an aviator with an uncontrollable curiosity problem," writes new Uruguay Correspondent Don Peterson.

"Two years ago, we sold our company. My share was almost enough to retire on if I gave up most of my bad habits and managed to avoid living too long. Not a viable plan. I'd always wanted to live in another country and learn a foreign language, so I took this as the opportunity. A strategy emerged. I would reduce my cost of living while launching a new adventure.

"I'm also the full-time solo guardian for my 9-year-old grandson. I believe that a person will have to be multilingual and culturally diverse to prosper in the world in which he'll be an adult. So I've brought him along for the adventure.


Most Important Thing To Know About Starting An Import-Export Business In Ecuador (And Much, Much More)

Feb. 19, 2013, Quito, Ecuador: Ecuador is one of the world’s best sources of low-cost handmade items ideal for export.

Dear Live and Invest Overseas Reader,

Retire to Ecuador

"Perhaps the most appealing thing for me about retiring in Ecuador is the variety of lifestyles on offer. I think of it as a country of mega-diversity in all ways--from the flora and fauna to the retirement lifestyles and the cost of living..."

--Lee Harrison, on why he and his wife chose to retire to Ecuador 12 years ago

"Most common means of transportation in Cuenca is walking. You likely will find that you walk a lot more in Cuenca than you did back home, wherever that was, and I can tell you that you'll probably lose some weight as a result. I know I did..."


Property Rush In Grenada Ahead Of New Invest For Citizenship Program

Aug. 16, 2013, Panama City, Panama: Grenada has bounced back from their position on the money-laundering blacklist, as a compliant, economically stable Caribbean investment destination.

Dear Live and Invest Overseas Reader,

Grenada's new government is expected to revive its "Citizenship By Investment" program before summer's end. The island is struggling with debt and hopes the program will create some much-needed cash flow. 



How To Pay Less Tax As An Entrepreneur Abroad

Oct. 24, 2013, Pittsburgh, Pennsylvania: International business can be exciting, fun, and certainly profitable. However, knowing how to structure your business and personal affairs so as to protect your assets while minimizing and deferring taxation can truly make the difference in any project's overall financial success.

Dear Live and Invest Overseas Reader, 

The U.S. IRS divides the world of how things get taxed into four quadrants. On one axis is the concept of domestic income versus foreign income. On the other axis, we have passive income versus active income. Only the quadrant that lines up both foreign and active income qualifies for legal tax deferral, meaning that money is taxed in the United States at the time that it is distributed rather than the year when it is earned. While most types of passive investments do not fit into this category, many international businesses can, creating an opportunity for international entrepreneurs.


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Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

Read more here.


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