Imagine you're 36 years old, single, no kids, and you just wanted to drop everything and go somewhere cheap (Thailand, Argentina, Ukraine for example) to start a new life. Imagine you don't have anywhere near enough to retire on, but would scrape together about 100K (USD) if you sold your house and maybe another 35 or so in a retirement fund, and that you really didn't want to work any more to earn more even though you know it would be a safer and smarter way of doing things. Imagine you've made about $50,000 profit from sportsbetting and $15,000 from poker in the last two years and while you cannot guarantee that those sorts of numbers would continue you realize that there is a decent chance that year on year you'd be able to record some sort of profit at the very least. What would you do?
Would you go back to work and save some more and aim to retire at age 40? 45? 50?
Would you save money so that you could travel without selling the house, rent the house out and put in the difference needed to keep up with the mortgage so that you benefit long term from increases in equity and then live off the rental return once the house is paid off in 30 years time?
Would you sell the house and take the money overseas and chill out trying to make enough to live off from poker and sportsbetting with an aim to simply return home if you lose more than half of your money and then maintain that lifestyle forever if you can make more than you spend? (which is reasonably likely based on past results but certainly not guaranteed)
Would you do something completely different?
One of the reasons I'd rather leave sooner rather than later is that it's a dream that can only be realized while single, right now I am! If I stay here and get in a relationship it'll be harder to follow through, and staying single for 5-10 years would get boring. I've been single for the last two years focused on getting to where I am now, and even another two years seems like a long time even though realistically it won't be less than that.
To help you answer. I don't need to live a life of luxury but have no intention of roughing it either. I think in most of the countries I'm interested in I could get by on about 1.5k USD a month based on my research. I think that's realistic anyway, could spend a little less if pushed and would spend a bit more if it felt safe to do so.
If anyone takes the time to write a helpful answer I'll be very appreciative.
Would you go back to work and save some more and aim to retire at age 40? 45? 50?
Would you save money so that you could travel without selling the house, rent the house out and put in the difference needed to keep up with the mortgage so that you benefit long term from increases in equity and then live off the rental return once the house is paid off in 30 years time?
Would you sell the house and take the money overseas and chill out trying to make enough to live off from poker and sportsbetting with an aim to simply return home if you lose more than half of your money and then maintain that lifestyle forever if you can make more than you spend? (which is reasonably likely based on past results but certainly not guaranteed)
Would you do something completely different?
One of the reasons I'd rather leave sooner rather than later is that it's a dream that can only be realized while single, right now I am! If I stay here and get in a relationship it'll be harder to follow through, and staying single for 5-10 years would get boring. I've been single for the last two years focused on getting to where I am now, and even another two years seems like a long time even though realistically it won't be less than that.
To help you answer. I don't need to live a life of luxury but have no intention of roughing it either. I think in most of the countries I'm interested in I could get by on about 1.5k USD a month based on my research. I think that's realistic anyway, could spend a little less if pushed and would spend a bit more if it felt safe to do so.
If anyone takes the time to write a helpful answer I'll be very appreciative.