• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result

How To Be A Perpetual Traveler

Live And Invest Overseas by Live And Invest Overseas
Jan 18, 2012
in Mailbag
0
a red backpack, camera, headphones and sunglasses as seen from above
209
SHARES
3k
VIEWS
Share on FacebookShare on Twitter

“Kathleen, I read your book about a year ago, and I read your posts regularly. I find the idea of establishing residence in four cities, as I know you and Lief are planning to do, in Paris, Istria, Buenos Aires, and Panama City, appealing, but I wonder about the logistics and expense associated with quarterly relocations.

“Perhaps it’s time for me to re-read your book, but I would greatly appreciate any advice you could provide. I’m wondering, for example, about a rough range of what I should estimate for relocation expenses (we’re a family of four–two adults and two children who will be going to high school by the time we can seriously consider this move).”

–Dallas K., United States

Lief and my plan has been a work in progress for more than a dozen years and is still evolving. As you say, our intention long-term is to spend time in four places: Paris, Istria, Medellin (which we’ve substituted for Buenos Aires), and Panama. In Panama, we want a house at the beach but will also need a place in the city. As our business is based here, we’ll always be coming and going, no matter where else in the world we decide to spend time.

We decided long ago that we’d invest in owning residences of our own in each of the locales where we knew we wanted to spend time long term. For us it’s been part of an overall investment strategy. But buying and maintaining residences in four countries takes time. So, again, this is still a work in progress.

So far, we have the backbone of the plan in place with apartments in Paris, Panama City, and Medellin, all of which are rented when we’re not using them. We’ve bought a farmhouse in Istria, Croatia, but it’s still in need of renovation. And we have the land for our beach house in Panama (at Los Islotes), but we’ve yet to begin construction of a house there.

Of course, you could pursue this approach to “retirement” without owning in all four places. You could rent short-term as you move around, as friends have done. The difference is that you have children, which I think would make that approach more complicated. The fact that we also have two children is part of the reason we decided in the beginning to invest in homes of our own in the places where we knew we wanted to be. With children, you’re more concerned about having roots, about nesting.

Also, with children, schooling is a priority part of any plan. This is why we won’t be able to put our plan into effect in full until our son goes off to college. That’s seven years away. Meantime, our schedule is largely dictated by his school calendar.

There are many complications associated with the approach Lief and I have decided to take. One advantage, though, is that, spending less than three months at a time in each country, as we plan to do, we don’t have to worry about residency visas, which are a hassle and an expense.

One advantage of owning rather than renting as we move around is that the places where we aren’t can always be rented out. That’s roughly nine months of rental potential per property per year, give or take, which should amount to a nice cash flow long term.

Our biggest expense, given the approach we’re taking, could be travel. Getting from Croatia to Medellin, for example, is tricky and costly. You’ll want to take travel logistics into account when mapping out your strategy big-picture.

Comments

Tags: mailbag
Share84Tweet52
Previous Post

Foreign Residency In Colombia

Next Post

The Overseas Retirement Haven

Live And Invest Overseas

Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.

Related Posts

Aerial view of Fortress Vila Vella and Badia de Tossa bay at summer in Tossa de Mar on Costa Brava, Catalunya, Spain
Mailbag

Low-Humidity Retire Overseas Options

by Live And Invest Overseas
January 2, 2021
0

When searching for a place with “perfect weather,” many people look for locations in low humidity countries. People with arthritis...

Read more
Assisted Living

Assisted Living In Panama

December 11, 2020
Boa constrictor imperator

Malaria, Dengue, Bugs, Spiders, And Snakes In Panama

December 9, 2020
Establishing Retirement Residency In Portugal - Lagos

Establishing Retirement Residency In Portugal

July 6, 2016
The Tax Advantages of Operating A Business Offshore can be plenty in a country like Panama.

How To Live Tax Free In Panama

June 1, 2016
Man riding motorbike past Very colorful two story houses in Dominican Republic

Tourist Visa Versus Residency In The Dominican Republic

May 23, 2016
A bright green banking button on a computer in Panama

The Ins and Outs of Banking In Panama: Q&A

May 22, 2016
Next Post
Connecting The Dots To Find Your Ideal Overseas Retirement Haven

The Overseas Retirement Haven

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.

Start Your New Life Today, Overseas

how to retire overseas

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2021

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

WANT TO RETIRE OVERSEAS?

Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll immediately send you a free report on the 10 BEST PLACES TO RETIRE in style overseas. Each day you’ll learn about the best opportunities for international living, retiring overseas, offshore diversification and asset protection, and investing in real estate around the world.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.