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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

    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

    Argentina Workshop

    VALENCIA, SPAIN

    Sep. 17-19, 2025

    PANAMA CITY, PANAMA

    Oct. 15-17, 2025

    VIRTUAL

    Nov. 13, 2025

    Learn More About This Event
    Learn More About This Event
    PRE-REGISTER
    Learn More About This Event
    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
    Monday – Friday 08:00 am – 17:00 pm EST.

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

  • Store

    Unlock The World

    • Access Your Library

    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
    • 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

  • My Library
Live and Invest Overseas
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Home Countries Panama

From Burden To Opportunity

A remote beach with dark sand, gentle waves, and dense green trees lining the shore under a partly cloudy sky.

LIOS

My favorite spot in Paris is the center of the Tuileries.

Standing in that garden lane, you have the Louvre on one side and Place de la Concorde and its obelisk on the other.

Beyond Concorde is the Champs-Élysées and its triumphal arch.

If you shift your head slightly, you can see the Eiffel Tower.

The Tuileries are the work of Catherine de Medici, a wicked woman, mother to three French kings, famous for sacrificing her children, her country, and her principles for power.

Alas, another contradiction in human history.

I can’t help but thank the monstrous woman for her part in the efforts that, over centuries, created the spot where I feel grateful to be alive every time I pass through. If I hadn’t become a writer, I imagine I could have been an architect.

Along the Veraguas coast Lief and I were pioneering, Los Islotes presented a chance for me to indulge that smoldering passion.

There, nature seemed to extend a challenge. Dear humans, could you make a place for yourself here that would do justice to the Eden I’ve provided, that marries the best you’re capable of with my finest handiwork?

Perhaps we could try.

I knew I couldn’t create a new Paris in my lifetime, but I could lay a foundation.

I could plan a city in the tradition of the cities the Spanish created but with an important difference. The people whose land the Spanish seized for their cities did not benefit. The Spanish understood how to install the infrastructure of good living—facilities for education, reading, and physical and spiritual care—but denied access to the people they’d forced to do the work. I’d engineer my city shoulder to shoulder with the people of Veraguas and for our collective benefit.

The notion was so embarrassingly lofty that I dared not admit it to anyone, not even Lief. I did, though, let myself make a suggestion to Lief ’s design team.

“What if we incorporated a town center in the master plan?” I asked at our next meeting. Lief hemmed and hawed but finally went along because he’d begun to realize that we needed to set Los Islotes apart. Lots weren’t flying off the shelf. A commercial space, as Lief relegated the idea, would make our situation at Los Islotes less isolated.

Our architect, Ricardo, appreciated what I was really suggesting—not a spruced-up strip mall, as I feared Lief imagined, but a classic colonial town square—and he was delighted by the idea. I had an ally. It was a place to start.

Now, Los Islotes, which had seemed a burden, was an opportunity.

This was my chance to create on a grand scale. If I embraced the dream to build something outstanding and lasting, the rest of my life would be determined. That decision would influence every choice to follow. I was okay with that.

I had the sense that every decision I’d made before had led me to this point. I’ve always dreamed big, and I believe that key to making a dream come true is telling yourself that it can. The strategy had always served me well, though I’d never let my fantasies run this wild before.

I wasn’t so taken with my fantasy that I lost sight of the fact that I had no reasonable reason to think I could pull it off.

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First, I’m a direct-response publisher. I have no business creating cities—no experience in urban planning, in pouring concrete, in designing bridges, or in figuring out how many public restrooms per capita.

Second, Lief had made it clear he wasn’t interested in building a city for the ages. He wanted to pull profits from Los Islotes and move on to a next project.

Third, I had nothing like the funding required. We barely had the financial resources to build a resort community.

Fourth, the Los Islotes labor pool was thin. Most in the villages around us hadn’t been to school beyond the sixth grade. Many couldn’t read. I doubted any of them had seen the kind of city I was imagining. Their houses had dirt floors and openings where the doors should have been. Even if I pulled off a miracle and wrangled my idea onto paper, found a source for unlimited funds, and got Lief on board, where would I source craftsmen to execute my grand plan?

I wrestled with each of these hurdles before I closed my eyes every night, but I set the concerns aside each morning. Sunshine helps me to keep my worries at bay.

If I’d been honest with myself, I would have admitted that none of those practicalities was the real impediment. The real obstacle was the cultural divide. It didn’t occur to me until we were too far along the path to retreat, but I was conceiving big changes for a place that’d never asked for any.

I grew up taking for granted that development is a good thing, but that was before I knew a place as undeveloped as this one.

Early in my career, an expat friend in Belize shared an insight. Mick had built a jungle lodge in Cayo. Travel + Leisure ranked it among the best hotels in the world. Mick had started from nothing. He’d bought a piece of land on a river in a place he’d never seen for $300 from a guy he met in a bar in Belize City. Mick and his wife Lucy worked over decades to turn raw jungle into world-class luxury.

“Our greatest challenge,” Mick told me once, “has been the Belizeans. They’re wonderful. Welcoming. Many have become great friends. We love being part of their country and their culture. But we’ve been living here fifteen years, and they still don’t understand us. They’ll never understand us. And we’ll never understand them. That’s just the reality.”

I wasn’t able to fully apprehend Mick’s perspective when he’d shared it, but I’d spent enough time in developing regions since to know he had a point.

To the people of Veraguas, we’re aliens from outer space. I didn’t want it to be true, but I feared that, no matter how hard we worked to integrate among them, we always would be. We and the people of this coast have nothing in common. Except, I’d begun to realize, a respect for the coast itself. The people of Quebro value the land of their ancestors more than anything else. Instinctively, I did, too. That was a commonality to build on.

Still, I should have expected that some of the good folks of Quebro might not appreciate us outsiders showing up to show them how they could live better.

I could have predicted but didn’t that my hardest job wouldn’t be building a city. My real trial would be avoiding a war.

Until next time, 

Kathleen Peddicord signature
Kathleen Peddicord,
Founding Publisher, Overseas Opportunity Letter
Tags: 'Los Islotes'expatVeraguas panama
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

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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

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Overseas Property Alert 

 

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

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Discover tips and strategies used by global property investing veterans

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Learn how to invest and purchase property abroad…

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Live and Invest In Spain Conference

VALENCIA, SPAIN Sep. 17-19, 2025
Learn More About This Event

Offshore Wealth Summit

PANAMA CITY, PANAMA Oct. 15-17, 2025
Learn More About This Event
PRE-REGISTER

Argentina Workshop

VIRTUAL Nov. 13, 2025
Learn More About This Event
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
Monday – Friday 08:00 am – 17:00 pm EST.

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

Services

  • Overseas Living Letter: Affordable Retirement Guidance
  • The Simon Letter: Wealth Protection Insights
  • Global Property Advisor: Global Investment Opportunitites
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