We speak every day about all the good and compelling reasons to think about launching a new life in a new place overseas.
But what about the reasons not to live or retire to a new country?
Here are the nine we’re asked about most often…
Reason Not To Retire Overseas #1: “I can’t afford it.”
Sorry, but I don’t buy it.
Here’s the truth: You can’t afford not to. I mean this both literally and figuratively.
You could take my advice and launch a more comfortable, more interesting, safe, pleasant, even adventure-filled life in a number of places around the world that I introduce to you in these dispatches on a budget of as little as US$1,500 per month or less. In some parts of Panama, Colombia, Thailand, and Ecuador, for example, you could live comfortably on a budget of US$1,200 per month or less.
As we’ve been reminding you lately, in parts of Southeast Asia you could retire on as little as US$800 per month!
I’d be surprised if you can’t afford that.
But here’s the real point: You owe it to yourself to go find out for yourself just how affordable and, more important, just how fun and adventure-filled a new life in a new country can be.
I say again that, cost of living aside, you can’t afford not to do this.
Reason Not To Retire Overseas #2: “It’s not the right time.”
There is no right time.
Sure, it’d be easier to stay put and do nothing. But where would that leave you at the end of your days? What stories would you have to tell? What adventures to remember?
Years ago, I met a gentleman from Tennessee who explained that he had been researching the idea of retiring to the Dominican Republic for two years. “I’m convinced the DR is a place I want to be,” he told me, “but I’m just not sure the timing is right…”
“Have you considered other options?” I asked.
“Well, before I started looking closely at the Dominican Republic, I researched Costa Rica for four years.”
“What did you end up doing there?”
“Oh, I never did anything. After four years of looking, prices had risen so high that I figured it no longer made sense.”
“Ready, fire, aim,” I say.
You can plan to reinvent your life in retirement overseas… or you can launch a new life overseas and then make some plans.
Reason Not To Retire Overseas #3: “I don’t want to leave my home and family for good.”
So don’t.
The real beauty of reinventing your life in a new country today is that it is an infinitely customizable idea. Keep your home in the States if you want and spend part of your time, as your comfort level allows, somewhere exotic and sunny.
Establish a second base somewhere foreign… or try out a different overseas locale each year. Come and go as you like, as often as you like, knowing that you’ve always got a safety net “back home.”
There is no right or wrong strategy for how to retire overseas.
Reason Not To Retire Overseas #4: “I need to earn a living.”
In today’s world, with a little imagination and self-confidence, you can earn a living anywhere. In fact, it can be easier today for an American to earn an independent living in a foreign country than in the United States, because you have knowledge, experience, skills, and connections that the locals don’t.
Reason Not To Retire Overseas #5: “I don’t have enough capital to make an international move like this.”
You need precious little.
In my “52 Days To Your New Life Overseas” program, I walk my retire-overseas students through a getting-started budget. Take my word for it: If you want to do this, you can pull together the capital you need to make it happen… because, seriously, you don’t need a lot.
Reason Not To Retire Overseas #6: “I don’t speak the language.”
I’m no linguist. I’ve worked hard to be able to get by in French and Spanish. And I understand—the older you get, the harder you have to work.
That’s why you’re lucky. You speak English, and English is the world’s language.
That said, it’s worth noting that learning a new language is one of the best ways to keep your brain limber as you age.
And iTranslate can get you far in the meantime.
Reason Not To Retire Overseas #7: “I’m too old.”
Are you dead? If not, then you’re not too old.
Yes, it’s easier and might seem more sensible to take a seat on the front porch and await the arrival of the Grim Reaper. Or maybe your life is already so exciting and wonderful that you can’t handle a little change?
If that’s not the case, then I’d recommend that you take a cue from my friend Jules, who moved from Florida to Belize at the age of 88. Even after a lifetime of adventure, traveling the world with the U.S. Navy, Jules was up for another change and a new start.
Reason Not To Retire Overseas #8: “I’m too young.”
As I said, in today’s world, if you’ve got a laptop and an internet connection, you can earn an income anywhere… and concern over making a living is the only objection I can imagine someone younger than retirement age could possibly suggest for why he (or she) isn’t jumping at the idea of launching a new life in some sunny, sexy foreign locale.
I promise you that, no matter how old you are right now, if you make this move, you won’t regret a day that follows. If you don’t, eventually, I predict you could grow to regret every day of adventure that you missed.
Reason Not To Retire Overseas #9: “I’ve got to wait for my children to finish their schooling.”
Why? Speaking as a mom who has spent the last 22 years raising two children (the second, my son, born in Ireland) across four countries, I can tell you with confidence that a life abroad is one of the greatest gifts you can give your kids.
They might object at first (my daughter, born in Baltimore, cried her way through our entire first year living overseas, in Ireland), but, in time, they’ll grow to love the life and to appreciate the effort you’ve made providing it for them.
Don’t stay put “for the sake of the kids.” When they’re grown and discover what they missed out on, you might find yourself with a lot to answer for!Sincerely, 
Kathleen PeddicordFounding Publisher, Overseas Opportunity Letter
