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Home Investing

A Road Map For Growing And Protecting True Wealth

by Kathleen Peddicord
Oct 01, 2025
in Investing
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Tropical white sand beach with coco palms and the turquoise sea on Caribbean island.

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I didn’t set out to “internationalize” my life. Who would?

My first experience diversifying beyond U.S. borders was with five home-town friends. We pulled our resources to purchase 2,700 acres on the southern Pacific coast of Nicaragua.

The undertaking was less impressive than you might be thinking.

This was 1995. Nicaraguan cattle land was cheap. Still, $50,000, my share, was a big stretch for me.

The financial soundness of the investment aside, the whole proposition was patently absurd.

We six had zero experience developing property of any kind. What business did we have imagining we’d turn a Central American cattle ranch into an international-standard resort?

We didn’t think to ask that question. Instead, we convened around meeting tables in Baltimore to pore over maps and drawings we’d made ourselves.

“We could carve out 20 lots here,” one of us would suggest, “and sell them, I’d bet, for $20,000 apiece!”

As they say, it can be better to be lucky than good… and we were lucky.

We found we were able to sell lots for, at first, $20,000 and then, over time, for much more.

Eventually, it occurred to us to invest in a master plan. We hired architects and engineers… and, today, 30 years later, remarkably, Rancho Santana has grown up to become the five-star oceanside escape we naively imagined it could be all those years ago.

Trouble is, you can’t count on luck. Better to count on your own efforts.

I flippantly wondered above who would set “internationalizing” as a lifestyle objective.

In fact, I know the guy.

My husband, Lief Simon, is a fourth-generation Arizonan. His great-grandmother blazed the family’s path from Texas to Arizona before Arizona was a state.

When he was 8 years old, Lief declared he wanted to see the world. By the time he was in high school he knew he would spend most of his life outside his home country.

Lief has no problem with America. He’s fiercely proud of his Wild West cowboy heritage. When he took a gig with an international drilling company upon graduation from grad school, he wasn’t fleeing America. He was pursuing new frontiers. Pioneering is in his DNA.

While my start at internationalizing my life and, in truth, a whole lot of internationalizing that has followed has been accidental, Lief’s global diversification plan has always been intentional.

His job with Parker Drilling took him from Chad to Kazakhstan then on to Salta, Argentina.

Lief’s earnest interest in diversifying his life as far and wide as possible led him next to Ireland. That’s where he and I met up. When I happened upon Lief leaning against the wall of an old barn in Sligo, Stetson tipped just so as he scribbled in a journal, I knew our fates were sealed.

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Together we lived seven years in Ireland… then four in Paris… followed by a decade-and-a-half in Panama. Now, empty-nesters, we divide our time between the City of Light and the Hub of the Americas… with regular detours to Woodstock, Illinois, where we own a home having reintroduced the U.S. into our long-term plan a couple years ago.

For, again, we’ve never been running away from America… or anything else. Lief and I are forever moving ahead in search of opportunity… from one frontier to the next.

Over the past near three decades together, we’ve invested in property in 24 countries… built businesses in 7… and raised our children across 4. We carry both U.S. and Irish passports, along with Panamanian cedulas.

When Lief’s great-grandmother and her fellow pioneers set out to settle the American West, they had nothing—no jobs, no homes, no land. They traveled thousands of miles in search of one thing: opportunity. They wanted a chance to find their fortunes and change their lives for the better, cultivating new territories and building bright futures where nothing existed before.

Freedom to forge your own destiny by embracing opportunity and adventure is a quintessentially American ideal. It’s the best of us.

The American West has long been settled. Now pioneering American Lief Simon has found his fortunes and built his legacy on the new frontier—the whole wide world.

At my urging, Lief took time recently to reflect on the journey. He shares the wisdom he’s hard won over decades in his latest book “Cowboy Millionaire—The New American Pioneer”… along with insights into where next.

Today, Lief’s holdings are as well diversified across economies and currencies as a portfolio can be. His new book is his effort to help others achieve that same level of financial independence. This is a road map for growing and protecting real, legacy wealth.

For a limited time, we’re offering complimentary copies to subscribers of Lief’s monthly Simon Letter publication. Go here to claim yours now.

Until next time,

Kathleen Peddicord signature
Kathleen Peddicord
Founding Publisher, Overseas Opportunity Letter
Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

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