|
07-22-2006, 01:32 PM
|
#1
|
Dryer sheet wannabe
Join Date: Jul 2006
Posts: 20
|
living abroad
recently returned from Bali Indonesia. Have purchased land with my father(retired in Bali) and just completed our home.
How many people currently spend part of the yr abroad or intend to retire overseas? I know that venturing "outside the box" is a tad bit risky or adventurist for most. So many of my freinds spend there whole life in North America and never aspire to experience new cultures. What a shame. My goal is by 35 to be able to live for 6 months in indonesia on my investment income. The price of living in western Canadas is becoming unbearable. Price of living in Bali is extremely appealing. Our maid works four hrs per day 6 days a week for a salary of roughly 45 american dollars per month. Monthly grocery bills maybe one hundred dollars which includes fresh fish, tons of fruit, western staples, beer etc. Property taxes on one hectare of land 50 dollars, satelite tv(hbo, espn.abc bbc ) 35 dollars per month the list goes on. Just curious how many would enjoy life outside of north america for half of the yr or longer...
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
07-22-2006, 01:55 PM
|
#2
|
Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
|
Re: living abroad
Put me on that list. Bali sounded nice - and very inexpensive - do you have any links to additional info?
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
|
|
|
07-22-2006, 02:13 PM
|
#3
|
Recycles dryer sheets
Join Date: Jul 2006
Posts: 227
|
Re: living abroad
I have spent a lot of time abroad and although I am still far from FIRE, I plan on having a residence in the US and living abroad part of the year.
With the Patriot Act and all the other stuff going on, who knows though, I may end up in the Caribbean or Belize permenantly.
__________________
"Those who think it cannot be done, need to stay out of the way of those of us doing it."
|
|
|
07-22-2006, 02:23 PM
|
#4
|
Recycles dryer sheets
Join Date: Feb 2006
Posts: 403
|
Re: living abroad
How safe is Bali?
|
|
|
07-22-2006, 02:44 PM
|
#5
|
Dryer sheet wannabe
Join Date: Jul 2006
Posts: 20
|
Re: living abroad
Bali is very safe. There have been two terrorist attacks in the Kuta area in the last five yrs, though security was quite heavy when I was there. I reside in the North of Bali. Less crowded, cheaper and more in tune with nature. There is virtually no violent crime against westerners. Theft from property can be a problem yet many westerners have night watch man as we do. A really beautiful and rewarding spot to resid during the rainy months in west coast Canada...
|
|
|
07-23-2006, 03:21 PM
|
#6
|
Full time employment: Posting here.
Join Date: Jun 2005
Posts: 761
|
Re: living abroad
When you look outside the US for retirement choices your options really open up. We could not have semi retired with the same standard of living in the US. No maid, no $2.99 shorts or shirts, no all you can eat beach resorts for $39 a day. While it's not the US that is not necessarily a bad thing.
__________________
You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.
|
|
|
07-23-2006, 03:50 PM
|
#7
|
Dryer sheet aficionado
Join Date: Jun 2006
Posts: 27
|
Re: living abroad
I'd love to do it. We lived in Australia for 2 years a while back and had a great experience.
Taxes can be tricky when living overseas, but we ended without any major headaches.
__________________
The Canadian Entrepreneur<br />https://canadian-entrepreneur.com
|
|
|
07-23-2006, 04:06 PM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
|
Re: living abroad
Quote:
When you look outside the US for retirement choices your options really open up.
|
Thank God!
Quote:
While it's not the US that is not necessarily a bad thing.
|
Sure hope so.
__________________
I have outlived most of the people I don't like and I am working on the rest.
|
|
|
07-24-2006, 11:47 AM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
|
Re: living abroad
I have lived abroad and still travel extensively abroad. I do not consider it risky or adventurist at all. The world is great, but my travels show me how good the US of A really is.
I am sure that we could easily live part or all of the year abroad now or in the future. But where we live will be based mostly on where our friends and family are. Right now, they are world-wide, but mostly in the US, so that's probably where we will end up.
|
|
|
07-24-2006, 12:06 PM
|
#10
|
Dryer sheet wannabe
Join Date: Jul 2006
Posts: 20
|
Re: living abroad
Its no canada( joking) yet i am sure nice for you and yours. Mind you i think it might not be as nice a few yrs down the rd. All i was saying in regards to my freinds is they should venture outside their comfort zone and open themselves up. In terms of finances most of my freinds can barely get by in Canada. Retiremnet prospects for them are scary indeed.
|
|
|
07-24-2006, 07:44 PM
|
#11
|
Confused about dryer sheets
Join Date: Jun 2006
Posts: 5
|
Re: living abroad
Can non-Indonesians own (not a life estate, not a lease) land in Indonesia
Also, what about possible immigration problems with extended stays
I've been to Bali and it is beautiful.
|
|
|
07-25-2006, 10:10 AM
|
#12
|
Dryer sheet wannabe
Join Date: Jul 2006
Posts: 20
|
Re: living abroad
yes utilizing several legal contracts we own our land in Bali. My father comes home to Canada once per yr and returns to Indo with a sponsorship letter. He pays a man in the govt to extend his visa.(dont know legalities this is how things in indonesia are done) When I was there I took a quick flight to singapore for two days and then came back and got an extended visa... Could have avoided this with sponsorship letter and getting visa in Vancouver from indo embassy. You can apply for retirement visas and also get a Kitas which is a work permit ... hope this helps.
|
|
|
07-25-2006, 12:41 PM
|
#13
|
Recycles dryer sheets
Join Date: Mar 2006
Posts: 91
|
Re: living abroad
Arif, where do you live?
|
|
|
07-29-2006, 10:24 AM
|
#14
|
Full time employment: Posting here.
Join Date: Jun 2005
Posts: 761
|
Re: living abroad
Quote:
In Panama, right outside Panama city.
__________________
You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.
|
|
|
07-31-2006, 02:25 AM
|
#15
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2005
Posts: 6,189
|
Re: living abroad
oooops i thought the title was living with a broad
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|