An Ideal Place To Weather The Storm

Feb. 15, 2013, Quito, Ecuador: American expat Mike Sager moved to Ecuador eight years ago to reinvent his life in retirement.

Dear Live and Invest Overseas Reader,

Retire to Ecuador

"I've had many careers in my life," explained American expat Mike Sager to the crowd here in Quito yesterday morning.

"At one point, I was a mail carrier. I was maybe 35-years-old at the time, but I had a lot of mail carrier friends who were older, near retirement age. One day, one of those guys, just a few months away from retiring, told me that he had gotten a part-time job. He was going to start working as a clerk in a local shop.

"'Why did you do that?' I asked him. I couldn't understand why he'd take on a new job. He had been so looking forward to his retirement.

"The guy explained that his pension from the U.S. Postal Service wasn't enough for him to live on. He needed to supplement it.

"That was a turning point for me," Mike continued. "I realized at that moment that I needed to make a big change in my life. Bottom line, I needed to take control of my life. I had no interest in going to work at Wal-Mart during my 'retirement.' This realization launched my long search for what to do instead...for a Plan B. Eventually that search led me here to Ecuador.

"Back in the States, I might be retired. I've reached that age. But now, after more than eight years living in Ecuador, I can't imagine that.

"I chose Ecuador because I perceived it as a land of opportunity, and there's no question, for me, that's what it has been. Rather than winding down and worrying about making ends meet in the States, I've completely reinvented my life so that I'm starting anew. I've lived all over this country. I've met a woman and fallen in love. I've started a new family...and a new business.

"I'm still an American, and I still love my country. But I'm very worried about what's going on back there right now, and I believe things are going to get worse. I'm not a doomsayer, but I'd say it's not completely out of the realm of possibility that things could go really wrong, in the States, even globally. That we could be faced with real disaster.

"If that were to happen...if disaster were to strike...I can't imagine a better place to be. Ecuador isn't reliant on the power grid the way that much of today's world is.

"When the electricity goes out in New York, for example, the city comes to a screeching halt. Well, Ecuador is already at a screeching halt. That's the status-quo here. If the power went out, life would continue as usual, as it has for centuries.

"If supply lines disappeared in the United States, what would you do to get the things you need to live, to survive? Here, supply lines are so basic. Fishermen load up their horse-drawn carts and deliver their fish to the markets. That kind of supply line can continue no matter what happens anywhere else in the world.

"I can't imagine a better place to ride out that kind of storm."

Kathleen Peddicord

P.S. We recorded Mike's complete presentation sharing the story of how and why he chose to retire to Ecuador as well as colorful insights into what his life here is really like. We're recording every other presentation over these three days, too--27 presentations in total, covering everything from how to start an export business in Ecuador (I'll share more on this in another dispatch) to how to shop for a rental...from how to purchase a home of your own in this country to how to get involved in your new community as a volunteer...from health insurance to residency options, tax liabilities, and where to learn to speak Spanish...and on and on.

When the final speaker leaves the stage today, we'll commence editing the recordings to create our all-new Live and Invest in Ecuador Home Conference Kit. Meantime, you can purchase your copy taking advantage of a pre-release discount that saves you a full 50% off the retail price. Details on the Live and Invest in Ecuador Home Conference Kit are here.Continue Reading:

Image source: A Flores López

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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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