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    Super Cheap

    • Chitré, Panama
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    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
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    • Las Terrenas, The DR
    • Pisa, Italy
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    • Home
    • Countries

      Top Destinations:

      Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

      • Spain
      • Portugal
      • Panama
      • Belize
      • Colombia
      • Cyprus
      • Mexico
      • France
      • Montenegro
      • Browse All Countries

      Best For:

      • The Best Places To Retire
      • Health Care Abroad
      • Cost Of Living
      • Investing in Real Estate
      • Establishing Residency
      • Gun Laws In The World
      • English-Speaking Countries
      • Safest Places For Retirement
      • Best Places In Latin America
    • Budgets

      How Much Will It Cost You To Live Overseas?

      The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France
    • Resources

      Global Living

      • Living & Retiring Overseas
      • Raising A Family Abroad
      • Foreign Residency & Citizenship
      • Offshore & Diversification

      Making Money

      • International Real Estate
      • Banking
      • Employment
      • Investing

      Follow Us:

      • Meet Our Experts
    • Real Estate

      Join our Weekly Newsletter
      Overseas Property Alert

      Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






        We Value Your Privacy! We will not share your email address with anyone else, period.

        Buying Real Estate For Cashflow

        • Discover tips and strategies used by global property investing veterans

        Explore Our Latest Posts

        • Learn how to invest and purchase property abroad…

        Go To The Overseas Property Alert Site

        • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
      • Conferences

        Upcoming Events

        • Explore Our Events Site

        Live and Invest In Spain Conference

        Offshore Wealth Summit

        Greece Workshop

        VALENCIA, SPAIN

        Sep. 17-19, 2025

        PANAMA CITY, PANAMA

        Oct. 15-17, 2025

        VIRTUAL

        Nov. 13, 2025

        LEARN MORE
        DISCOUNT
        LEARN MORE
        PRE-REGISTER
        LEARN MORE
        PRE-REGISTER
        • MORE EVENTS

        Contact Our Events Team

        Toll-Free U.S. and Canada:
        1 (888) 627 8834
        From Outside North America:
        1 (443) 599 1221
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        Reach us with your questions by email at: events@liveandinvestoverseas.com

      • Store

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        • Explore Our Store
        Your passport to a life well-lived abroad

        Services

        overseas living letter offers affordable retirement guidance
        The Simon Letter Wealth Protection Insights
        Global Property Advisor Global Investment Opportunities

        Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

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        Home Residency

        6 Global Diversification Strategies To Secure Your Future

        6 Steps To True Retirement Independence

        by Lief Simon
        Feb 01, 2025
        in Residency
        0 0
        beach chairs on a tropical beach. taxes in panama

        iStock/Min Xu

        In this time of global uncertainty, you can’t hang all your hopes on any one country… any one economy… or any one currency.

        You need to diversify.

        I’ve been beating this drum for more than 25 years but never more urgently.

        Please, I hope you can see that, if everything you own is tied to the United States, the U.S. dollar, and the U.S. stock market, you’re putting yourself at risk.

        The trouble is, if you’re considering a plan for true global diversification for the first time in your life, you might be uncertain how to proceed.

        How do you get started diversifying not only your investment capital but also your lifestyle so that you’re truly in control of your future not matter what happens next?

        Let’s break this down…

        Diversification Strategy #1: Open A Foreign Bank Account

        Opening a bank account overseas can be the quickest going-offshore box to check. Some offshore banks and banking destinations will still open a bank account long-distance, meaning you don’t have to make a trip to meet with the bank in person.

        An offshore account not only allows you to get some of your money out of your home country’s banking system, but it also can allow you to hold multiple currencies, meaning additional diversification without any additional effort.

        Diversification Strategy #2: Protect Yourself With A Backup Residency

        If you were to adopt just one of these six strategies right now, it should be this one.

        Get yourself a backup residency… and get it as soon as possible. This is important even if you intend to continue living in the United States.

        The COVID-19 pandemic has shown that diversification is critical not only for your investment portfolio, but also for your personal safety. Having legal residency in another country allows you to stay there indefinitely should you decide life is too uncomfortable or unsafe where you’re currently living… whether because of a global pandemic, country-wide protests, or something even worse.

        Because we believe the idea of a backup residency is so important right now, we’re making my just-updated and expanded “Passport To Freedom: The World’s Top Havens For Residency, Citizenship, And A Second Passport”.

        Diversification Strategy #3: Consider Second Citizenship

        Faced with a lockdown in the future, where would you hang out? Having a second citizenship gives you more options.

        Legal residency allows you to stay in a country. Citizenship does that, as well, giving you additional rights including the ability to work if you so choose.

        Having a second passport can also make travel in general easier and safer at times.

        Start Your New Life Overseas Today!
        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 2025.
        We Value Your Privacy! We will not share your email address with anyone else, period.
        Diversification Strategy #4: Protect Your Assets

        Moving at least some of your wealth offshore is wise no matter where you live. Diversifying your investments across multiple currencies and economies protects your wealth long-term and reduces the overall volatility of your portfolio.

        It also can help protect you from frivolous law suits if you structure the ownership of assets carefully.

        This isn’t about hiding your income or assets from the IRS. It’s about keeping others from trying to take away what’s yours.

        Diversification Strategy #5: Move Your Business Offshore

        Depending on your situation, taking your existing business offshore or starting a new business in another country could provide huge legal and tax advantages. Incorporating offshore won’t make sense for everyone, but, if you’re operating your own business, for example, or working in a high-risk profession, you should consider an offshore corporation.

        Diversification Strategy #6: Grow Your Wealth Away From The Stock Market

        You know my preference. Give me real estate over stocks any and every day of the week.

        Holding tangible property in other countries is what makes it possible for me to sleep at night, no matter what new or impending disasters the media is reporting.

        In addition, property in a foreign jurisdiction is safe from any U.S. court, meaning safe from any potential U.S. litigant.

        The best part, though, and the bottom line is that key overseas property markets right now offer the potential for turn-key double-digit returns.

        Lief Simon signature

        Lief Simon

        Editor, Offshore Living Letter

        Tags: 'Diversification Offshore''How To Go Offshore''Investing In Foreign Real Estate'second citizenship
        Share89Tweet52
        Lief Simon

        Lief Simon

        Lief Simon has lived and worked in 7 countries on 5 continents and traveled to more than 75 countries. His real estate investment career began with a $5,000 down payment on a three-flat building in Chicago. Less than three years later, Lief sold the building for a leveraged return of 3,000%—$150,000 in profit after closing costs and commissions.

        From there, he turned his attention overseas and has bought property in 24 countries including France, Croatia, Portugal, Ireland, Belize, Spain, Argentina, Cyprus, Romania, and beyond. Thanks to his decades-long career as a global property investor, Lief has built a multi-million-dollar portfolio that includes rental properties, significant land holdings, and 7 personal residences.

        Lief has established residency in 3 countries and acquired a second passport from Ireland.

        In 2008 Lief and wife Kathleen Peddicord made the most important investment of their lives—a 215-acre oceanside finca, known as Los Islotes. There, on Panama’s largely undiscovered Veraguas coast, they’ve installed underground electricity, water, and internet and built a forever family home that sits at the heart of their ultimate vision: a gold standard private residential community for those in search of a true safe haven escape.

        Lief’s latest book, “Cowboy Millionaire—The New American Pioneer,” collects all the wisdom he has learned in three decades of living and investing outside America.

        He offers advice on international diversification in his twice-weekly Offshore Living Letter and monthly Simon Letter dispatches. For real estate investment opportunities, check out his monthly Global Property Advisor service.

        If you’d like to meet Lief in person, join him for one of our upcoming in-country conferences. You’ll find further details here.

        Start Your New Life Overseas Today!
        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 2025.

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          HOME

          Top Countries

          • Spain
          • Portugal
          • Panama
          • Belize
          • Colombia
          • Cyprus
          • Mexico
          • France
          • Montenegro

          Best For:

          • Health Care Abroad
          • Retirement Living
          • Cost Of Living
          • Investing in Real Estate
          • Establishing Residency
          • Gun Ownership
          • English Speakers
          • Safety
          BROWSE ALL COUNTRIES

          Budgets

          How Much Will It Cost
          To Live Overseas?

          Super Cheap

          • Chitré, Panama
          • Santa Marta, Colombia
          • Phuket, Thailand
          • Dumaguete, The Philippines

          Cheap

          • Medellin, Colombia
          • Boquete, Panama
          • Kyrenia, Cyprus
          • Hua Hin, Thailand
          • The Algarve, Portugal

          Affordable

          • Valencia, Spain
          • Cascais, Portugal
          • Las Terrenas, The DR
          • Pisa, Italy
          • La Rochelle, France
          • Mazatlán, Mexico

          Luxury

          • Ambergris Caye, Belize
          • Kotor, Montenegro
          • The Panama City Beaches
          • Paris, France

          Resources

          Global Living

          • Living & Retiring Overseas
          • Raising A Family Abroad
          • Foreign Residency & Citizenship
          • Offshore & Diversification

          Making Money

          • International Real Estate
          • Banking
          • Employment
          • Investing
          Meet Our Experts

          Real Estate

          Overseas Property Alert 

           

          How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams

          VISIT SITE

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          Discover tips and strategies used by global property investing veterans

          READ MORE

          Explore Our Latest Posts

           

          Learn how to invest and purchase property abroad…

          EXPLORE

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          Live and Invest In Spain Conference

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          LEARN MORE
          DISCOUNT

          Offshore Wealth Summit

          PANAMA CITY, PANAMA Oct. 15-17, 2025
          LEARN MORE
          PRE-REGISTER

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          VIRTUAL Nov. 13, 2025
          LEARN MORE
          PRE-REGISTER
          MORE EVENTS

          Contact Our Events Team:

          Toll-Free U.S. and Canada:
          1 (888) 627 8834

          From Outside North America:
          1 (443) 599 1221

          Working Hours
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          Reach us with your questions by email at: events@liveandinvestoverseas.com

          Store

          Overseas Havens Reports

          • Expats' comprehensive destination guides

          Conference Kits

          • Hours of coverage  from our latests conferences

          Lahardan Books

          • Titles on living and investing around the world

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