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Moving Overseas

Kathleen Peddicord by Kathleen Peddicord
Dec 16, 2013
in Retirement/Living
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Retiring Overseas
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Would You Be Happier Living Overseas? There’s Only One Way To Find Out…

A recent article on food-stamp recipients told of a 64-year-old American man who lives on US$828 a month Social Security, plus food stamps. The man pays nearly US$500 a month in rent, and, after receiving slightly fewer food stamps this month, he’ll run out of food. He could move and pay lower rent and have plenty to eat and much more to do to boot. But he chooses to stay put.

It seems people would rather starve than move.

We can think of many stories of those refusing to move. When Mt. St. Helens was about to erupt, years ago, mountain residents were told to leave. I remember one man telling TV news he was going to stay put. He would rather die in a volcano explosion than move. When the mountain blew up, he did (I presume).

Our hearts go out to these people. The poor on food stamps may see few real options. They may be too poor to move, evacuate, or do much else. Recent research shows that the poor, the hungry, and anyone else under pressure have a hard time making good decisions, a hard time making any decisions at all.

For our purposes, though, I think we can conclude that at some point most of us become very, very reluctant to move.

I’m puzzled by this observation. We Americans move more than anyone on earth. Something like 20% to 25% of us move every year. Moving vans criss-cross the continent, day and night, to reposition those who choose to start fresh somewhere else. Most of us at retirement age look back to a lifetime of moving, perhaps in our youth, to college, to our first job, to be closer to a spouse’s family, and so on.

So, again, I’m puzzled why at some point so many of us seem reluctant to move, let alone move abroad. Maybe we become too established and comfortable in our routine. Maybe we fear the unknown. One friend recently wrote: “We like our stuff, our creature comforts, our fluency in our own language, our notions of civility and sanitation, etc., too much to ever let them entirely go.”

Could the reluctance to move be because we mistake comfort for happiness?

I submit that moving–and particularly moving overseas–offers adventure, a new way of life, a fresh take on the world. We can often save money, whether by moving to a cheaper country, living in smaller quarters, or doing without a car. I’ve spent my entire professional life searching out resources to help anyone who’s interested figure out how to live a better life overseas. Might you have moments of discomfort? I’d say for sure. Will you be happier? I hope so, and I believe so.

I’ve been covering this beat for nearly 30 years. In all that time, I’ve rarely run into people who regret moving overseas–or anyplace else, for that matter. Quite the contrary.

Moving is good. Brain research shows that social and environmental change stimulate the production of new brain cells (neurons), apparently enhancing the ability of the brain to acquire and remember new information.

A friend long ago put me on to the value of change. “All change is for the better,” he told me. He was referring to change we initiate ourselves, and I took his advice to heart.

Millions of us have already chosen to move abroad. I submit that more Americans would be better off acting with the same get-up-and-go. All change is for the better.

Kathleen Peddicord

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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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