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So It Goes In Paradise…

Kathleen Peddicord by Kathleen Peddicord
Aug 23, 2009
in Retirement/Living
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Skyline view of Panama City, Panama at night
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So It Goes In Paradise…

A friend from the States has decided to divide his time between California and Panama City. He was in town this week outfitting his new apartment, and he needed cash, for the deposit, for new furniture, etc.

So he went to the Panama City bank where he has held an account for more than a year to make a withdrawal. Alas, he’d forgotten his checkbook back in the States. No check, no cash, the bank teller explained.

“What do you mean?” our friend asked incredulously. “I have money in my account. I’d like to withdraw some of it, please.”

Finally, an option. Go stand in that line over there, the teller suggested, and get a cashier’s check. Our friend did as instructed. He waited an hour-and-a-half to pay US$10 for a cashier’s check drawn on his own account.

Then he stood another 30 minutes in another line to cash it.

“Maybe you should move your account to another bank?” I suggested when he told me his sad tale.

“Oh, no, no, this is the best bank in the city.”

Lief just burst into the office dripping wet.

“The window in my taxi was broken,” he explained. “A few minutes after I got in, the skies opened. It began raining buckets. I tried to close my window, but the handle didn’t work. The driver reached back to hand me a pair of pliers. I tried again to close the window using the pliers, but the driver began shouting at me in Spanish: ‘Not like that, not like that!’ I wasn’t doing it right, I guess.

“Never did manage to get the window to close. Rain poured in on me all the way over here…”

Lief was returning from our new home in Casco Viejo, where he’d gone to meet the Cable & Wireless fellow who has been promising to install Internet for us for the past two weeks.

“The guy kept insisting that the only way for us to have Internet would be to run a cable from our neighbor’s place along the sidewalk in between the two houses.

“I was trying to explain to him that that sounded like a ridiculous strategy to me, when our neighbor on the other side, who happened to be sitting outside on his balcony at the time, spoke up.

“‘Your house is already wired,’ he explained. “It was wired at the same time as my house. The cables were run underground. I have a copy of the schematic. I’ll go get it…’

“The Cable & Wireless guy was dumbfounded by this news. Finally, he left in a huff. Our neighbor says not to worry, though, because he has a friend at Cable & Wireless who should be able to sort us out. He thinks that guy is away on vacation next week, though.”

So it goes in Paradise…

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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