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Busting Myths: Expectation Versus Reality Of Moving Overseas

Expat Myth Busted—You Do Not Have To Be Rich To Retire Overseas

by Dusty Tubbs
Sep 09, 2021
in Investing, Lifestyle, Panama, Travel
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Canal de Thiou, Annecy, France.

Alamy/Jan Wlodarczyk

Recently, Mary M. from the United States, wrote in to say:

“Kathleen, I do not believe a word of those articles you publish from the people who say they quit their jobs and are traveling around.

“Please don’t print stuff that is fantasy. It just isn’t fair.”

In response, All Access Pass Member Dusty Tubbs wrote us this letter that I’d like to share with you today. It’s an important reminder of what you don’t need to enjoy a great adventure and richer life overseas.

Over to Dusty…

* * *

All right, Mary M., to be fair, I did not quit my job and move overseas.

The reality is I did not have a job to quit.

Tired of using my brawn and wanting to use my brains, I quit my big-box retail job and returned to live the life of a full-time student.

Graduating with honors, I took my newly printed diploma from my master’s degree and went in search of a good-paying job.

Unfortunately, I was not to be rewarded for my hard study. Hotels and local shops were going out of business faster than the government can spend money.

The primary airline that brought the much-needed tourists to our local community also went bankrupt. No tourists meant a severe loss of revenue… adding to more businesses closing their doors.

So, in reality, I did not quit my job to move overseas. I would have had to have found one first.

Instead, I began a rigorous search for a location where my wife Carolyn and I could move. Somewhere that would allow us the ability to live in comfort off my retirement pensions.

Before you bemoan the fact that you’re not a wealthy retiree, let me set the record straight on another misconception—namely that you have to be rich to live overseas.

My first career (if you want to call it that) was in the U.S. Navy. Of course, we know that all high school graduates join the military to make their fortune. It’s the easiest way to become wealthy, right?

After over 30 years of service, the navy sent me home. I wasn’t ready to retire yet. I was still having too much fun.

But orders are orders, so I departed the military and began a second career as a teacher. Another wealth-building profession…

I departed the world of education when our local chancellor decided that the college district’s funds would be better spent on him and his family. Which took me to my aforementioned big-box retail job.

Fortunately, I also managed to become a private investor—mostly dealing in stocks. In spite of the stock market crash and the housing bubble burst, I did manage to build a small investment fund.

With my investment money, Carolyn and I managed to move to Panama, buy a house, and start a new life.

We also like to travel a lot. How do we manage that?

Moving to the interior of Panama allowed us to save 75% of our daily cost of living. The money we saved we now spend traveling around Central and South America and the Caribbean.

It was a Live and Invest Overseas conference, a few years back, that kick-started our offshore adventure.

I invite Mary, and all of you Overseas Opportunity Letter readers, to come join us at a future event and learn the ins and outs of living, investing, and doing business overseas.

At A Live Event, You Get To:

  • Personally meet the speakers—to ask your questions and share contact information…
  • Get the straight scoop—no hype, no baloney…
  • Express your fears and concerns—knowledge is the best way to slay the boogeyman…
  • Interact with other like-minded conference attendees…
  • Most importantly—listen live to the experts as they share their knowledge…

These expats are just your average, run-of-the-mill, extraordinary people who have decided to move overseas.

I say extraordinary because the “ordinary” people are the doubters who never take the first step to finding the truth about this remarkable lifestyle.

Dusty Tubbs
All-Access Pass Member and Full-Time Expat in Panama

Dusty Tubbs

Dusty Tubbs

After he’d been in the U.S. Navy for more than 30 years, Dusty decided it was time for a change. Retiring from the Navy, Dusty next became a professor for the Ventura Community College District before going to work with a big box retailer. The downturn in the economy in Hawaii, where he was living at retirement, prompted Dusty and his wife Carolyn to seek new opportunities and new adventures overseas. The couple moved to Chitré, Panama, in 2013, where they are now full-time residents and adventure seekers and Dusty is reinventing his life as a freelance copywriter and photographer.

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