Where to Retire with $1 Million and Live Like a King
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- Опубликовано: 4 июл 2024
- nomadcapitalist.com/
If retiring earlier than usual and living like a king is your aspiration in life, you should first ask yourself: "What does living like a king mean to me?"
Here at Nomad Capitalist, we believe that having your own home in a country with low or zero property tax is a good way to start building that "royal" lifestyle since you'll be much calmer and safer and not influenced by rents going up.
Also, having stable investments that'll give you constant income in the years to come and banking in countries with higher interest rates is preferable.
Having said all that, we've picked two regions that are the most suitable for someone who wants to live like a king and not spend a fortune - South America and, even better, Eastern Europe.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: nomadcapitalist.com/apply/
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew: nomadcapitalist.com/about/and...
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
I was born in Yugoslavia (Serbia ), grew up in Germany and moved to USA 🇺🇸/ MIAMI .
I travelled the world extensively and I fully believe it’s 🇷🇸 SERBIA / Belgrade for lifestyle, geographically perfect , housing , and so on .... My other half is from Montenegro ( I call it south Serbia ) , a great place to enjoy the summer.... a beautiful house on the mountains with ocean view , maybe for around 50-100.000usd ....
Totally agree with you. My parents are from Bosnia and Serbia (mixed marriage) I was born in Germany and grew up in Serbia until the age of 24. I now live in NJ (for past 26 years) and looking into going back to Serbia. As we both know, people are great and heartwarming, real estate is very affordable and before buying it pays to rent first (less than $200 month). Food? Food is cheap and to die for. There's something for everyone, no matter the taste or eating habits. To everyone reading this comment: welcome to Serbia!
What I’m reading right now seems like a dream. Living in America and born in Chicago. We all were denied this information as children, don’t get me wrong, I was spoiled. came from a good family, ski vacations. good education. But look at what’s happening in the world today. I thank every single one of you for this information. If you want to know some of my knowledge we can share it right here. I’ve been obsessed with knowing the truth on planet earth my whole life. Be strong everyone were in some interesting times.
I really like Novak Djokovic and his attitude on life and he is from Serbia. I was in Belgrade in 1971, while part of Yugoslavia, so I think it is very different today.
@@briang2034 The North side suburbs of Chicago are nice and the Gold Coast, but the mayor of Chicago is a loon and awful and there are 100 shootings every weekend. Michigan Ave is still nice, but the greater area has gone down and taxes in ILL are awful - why it has the highest pct of people leaving any state, and weather sucks!
@@simplyunrelated I agree it may be viable. As a half Croat myself I visited Belgrade a few years back and actually had a lot of fun there. I can relate a lot in spite of my deficient command of he language, but at least enough to get by. Croatia real estate prices are beyond insane these days. I made the big mistake of buying real estate in Spain, taxes there are insane.
Generally great advice. The costs are increasing in Asia. Philippines, Penang Malaysia and Vietnam are still good places. I absolutely disagree on buying a home...rent. Most foreign real estate is easy in....hard out. If you have very little travel experience do not "peel off 100-200k" to buy a house....rent for at least one year, ideally longer. Most expats do not last beyond 7 years. Rent is incredibly good value in all of the low cost countries and gives you amazing flexibility. Do not discount language barriers, safety issues of latin America. My two cents after traveling to 115 countries.( My pick is Penang as a base)
Very true for many newbies.
Great real estate advice, but Penang isn’t my cup of tea
What do you mean don’t last?
@@kathya1956 most expats return "home" within 7 years- they do not last, long term in their foreign home
Great advice. Thanks
Sound advice. I have lived in 6 countries on 3 continents and I'd just add this: 1) Pick a small city, oftentimes being just an hour away from a major city will spell a great cost/benefit improvement. 2) If you have little to no experience living in very different cultures, stay close to home. You could pick a small city within your own country, in a more rural setting and have the best of both worlds. If you are adventurous you could live like an emperor on 200K, but like a local rural emperor, that is, local heath care, local food and clothing, few (if any) people speaking English, limited travel, modest cars, etc. Remember, a Ford Explorer is considered a luxury car in 70% of the world. If you plan on taking your Bentley to a rural setting in Colombia, the closest dealer will be thousands of miles away.
Number one is spot on. You also have to be willing to not go with the crowd.
Now do living like a king for 50 dollars.
Nathan Thomas 😂
A Burger King.
J Barnsley you win! 😂
I'd still have to save for that. *Sigh*
Venezuela 😂
Thank you for the great Content Andrew. You do a great job. Living in the USA can be awesome and also restricting. I don't see myself being a Nomad probably ever but I greatly enjoy learning from your experiences!
im already living in belgrade, so now all i need is million dollars, can anyone help? :D
😂😂😂
Move to Canada. (all you need is a job and your in) Most Canadian's have at least 1million. / true.
@@joeblow5178 my father has friend who fled to Canada during war, now he lives there and goes to vacation here every year, he said that if he was to sell everything he has in Canada and come here he could do nothing and live like king for rest of his life, but he doesn't want that for some reason... but I don't want to work xD I wanna sit and play games whole day every day and do nothing xD
Just finished college, so I wanna retire now :D
How is the dating / women in Belgrade? I'm native Eastern European, successful mid-30s fit guy
@@nightvvisher7713 lol. Wow nice have a small money making hobby. Not hardworking
Great video as always, enlightening
Thank you! :)
Married a Ukrainian women 15 years ago. Have a apartment paid for In Southern Ukraine. Very cheap to live. Went from 5 hyvnia per dollar to 26 hyvnia per dollar. The country is a screwed up and corrupted but the women are beautiful.
Stephen Hooper nice
Okay nice, Stephen but where are you now?
Are you here to talk about the women?😂😂😂You are very funny guy.
LMAO. You live in a country with beautiful women....and decided to get married?!?!?! That's like being on a diet and moving in to an apartment above The Cheesecake Factory.
@@benmarxxshow I was gonna say the same he's gonna be tempted to eat every kind of cheesecake
I live better than a King here in Vietnam . 6 years ago I married a fantastic Vietnamese lady . After some astute property purchases we have built a debt free multimillion $ business. Vietnam is set to become at the very least an economic superpower in Asia. Vietnam is full of wonderful self reliant people . It's a beautiful country with lots of style and culture as well as a fantastic climate. Vietnam is where the action is. I am a Nomad Capitalist fan. Jon
I have chosen Bali, Indonesia but would love to learn more about Vietnam
The people in Northern Vietnam are a lot less friendly than people in the South. Hanoi and the cities/areas nearby are very distrustful of foreigners due to the strong communist influence. You will be watched there. 👎
Hi Jon, what are living expenses like there?
I moved there but couldn’t stand the constant noise.
Wouldn’t risk driving either,
Then the language barriers,
Cultural challenges
So back home to England and living on less (on a Western / carnivore diet)
Glad I didn’t buy property, but there was money to be made after China started to move production there to avoid sanctions.
I think the first thing someone needs to decide is whether or not they want to live in a large urban center or if they would prefer a smaller, quieter community. Not needing to be in the most convenient part of a large city will offer more possibilities to get great value for your money.
Love it. Thank you, Andrew 🙏🙏🙏
AnastasiyaAndersCom 🥰
You need to make an Audible audiobook man 🤩 great work
Focusing ONLY on the money side of things is very misleading. Whatever country you choose, you'd better be able to learn the local language and be in a culture that appreciates foreigners moving in else you will never get a sense of belonging. Also, some of these countries are so boring after a while that you would feel trapped, and Tbilisi is one of those places. All the money in the world won't make you feel like a king there unless you are Georgian or Russian. It's all about the feeling Andrew, not the dollars in the bank account.
Steve C if you move somewhere with all your favorite people, you can have a blast no matter in the world you go!!! That’s the key ;)
Clever insight!!
How can you be bored in Georgia?!? It has lots of culture and the most amazing nature I've seen!
@@thomashilmersen711 Living and visiting not the same thing
@@xomox5316 That is true. I lived in Medellin, Colombia for several years and was bored out of my mind there. It is fun to visit for a week or two, though.
I owed an apartment in Budapest Hungary 🇭🇺 for 15 years it’s an awesome place to be in many respects but the winter weather is well winter ❄️
donkeyenvious I sold it because I had been visiting Budapest for 15 years and felt it was time to move on get a 2nd home by the ocean . I’ve never bought such a place because I’ve not fell in love with another place like I did with Budapest. I’m a real estate developer / investor and have been for a long time and selling my apartment in Budapest on the Danube facing the palace is thee only piece of real estate I have ever regretted selling in my life...... Budapest is an truly awesome place
donkeyenvious I bought an apartment in 2001 on terez korut and I had it until 2006 then I bought an apartment in a building directly facing the palace on the pest side next door to the Marriott hotel , it’s the only apartment building on that stretch facing the palace , it’s hotels left and right of it. It was a world class price of property with all its views and I should not of sold but hey ho such is life. For me Budapest was a place to relax in between my busy work life . I would if typically went and went to the baths and all the usual things you’d do in a city however Budapest’s like Paris without the high prices and massive crowds .... where you from? I live in Ireland so it’s 3 hr flight
donkeyenvious what I liked about Budapest was it like an under stated class place which is in expensive and a sophisticated culture with no little feeling of booze culture . I have yet to find a Budapest by the sea with nice weather . The most similar place I have been too would be sone of the Greek islands 🌴
Can you suggest anywhere
donkeyenvious good luck on your search
Why do you feel it was such an "awesome" place to live? Just curious as I lived there and felt the complete opposite.
Wow, Very interesting video, especially about South America and Eastern Europe. Lots of great ideas, Thanks Andrew!
Aaron Biggins My pleasure
Great video. Great topic!
Someplace warm with good infrastructure and medical care.
Cuba ?
Costa Rica?
Yup
But VERY LITTLE humidity!
@@joeblow5178 lol
I'm happy in my one bedroom log home in nature it's free no amount of money can buy my peace of mind and loving nature on very little money no TV and no I never get bored it's all in programming of mind and my whole life is blissful.
Living the good life.
exactly well said..
Love the idea to have peace live in cabin somewhere not too far from towns. I would not care to be somewhere where I don’t know anything about. Why do I listen to this
LOVE IT!
Yes. All the rich people I know dont seem happy🤣
Your channel is so relevant to myself .
Everything talked about is top shelf .
I just wish I found it sooner.
Very interesting. Thank you
Your advice is just wonderful , love listening to u . Thanks bro 👍👌
Glad to have you, Suraj
I've never planned for anything in life, and suddenly I found myself living back in Jakarta, Indonesia, my own country and in a Balinese villa after having lived all over the world with my late Italian husband who I lost 5 years ago. I remember I didn't even understand pension as I've always been a home maker. After giving up Italy a year ago, so far, it was the right decision as to return here living on my dearest late husband's pension where thank God, the villa that has market price of 1 million is owned outright by me. However, I am paying stogare in Milan that I wish I don't have to so I do live frugally. Unless someone offers me the right price to my house I am open to sell. If not, I have an ongoing BnB business albeit not a consistent monthly income.
Bali and Lombok are great options for retirement
Interesting ideas. Thank you
Belgrade is a great place for single guys. The women are stunning too, even better than the States, IMO.
The US is one of the worst countries in the world for women. The odd good one but generally very poor. Try Russia, St Petersberg specifically. 75% of women are beautiful and friendly
@Milktank ™ I'm not really into asian chicks so can't comment. I think all women are gold diggers, at least Russian ones are honest about it and you get a good return on your money in the bedroom haha
Belarus is a another playpen 4 single guys only on the cheap - hands down!
@@christopherw179 yeah the moment you get an American woman, you are signing your own death certificate. I'm glad I got rejected by them all and none spread legs for me during my time living in the US, because if they did I'd be locked in for 20 years of child support. Now, I packed my bags and moved abroad - anywhere is better than the US for women.
@@albertl.9146 English girls aren't much better. Their attitudes are horrible. Spoilt brats with high expectations and no loyalty. Much better off with Eastern European, Russian or South American women.
Greece. Being Greek I know you can live very well with a million dollars. If you do the 4% rule (basically buy dividend aristocrat stocks that pay more than 4% in dividend yield) you can live very well in Greece at about 3K Euros a month.
How expensive is the healthcare in Greece ?
Dominican Republic to me is a pretty stable, convenient, and inexpensive place to live. Food is good, the women are Gorgeous, and the LiQuoR is Fantastic. Kudos to you Mr. Henderson !!
Good video ! Thanks.
andrew, thank you very much.
I agree with your sentiment on Armenia! I moved here in 2019
Very informative and helpful thank you!
Good topic.. Keep going
I will be very interested on hearing your take on Poland. Pros and cons if possible .Superb content as always . thank you
I know a lady who retired early with 1 mil in the U.S. at 34, but then got married and had 4 kids... Now the youngest is about to start preschool, so she's exploring her career options to head back to it. Life can be unpredictable...
The first mistake was retiring in the US with only 1 million. The second was choosing to stay in the US and have kids there.
@@jackieboy1593 lol agreed
No need to buy a house, renting is always a better option especially in a low cost of living country.
Sometimes better. Not always. I bought a condo in Santa Cruz for $200k 25 years ago. Now it rents for $4000. No way rent is cheaper!!!
Also helps you up sticks and move on if you want/need to. Many people got stuck with property in Spain and Thailand to mention but two countries in the past 15 years.
For me, part of living like a king is having someone else worry about house repairs, upkeep, the neighborhood, and taxes. I love renting.
And, when I get tired of a place I just pack up and head out for new adventures.
@@glenw3814 Bingo!
Not true, owning a house it’s always better, especially when it’s in a good place and you can sell it for more years later, and why make someone else rich every month? you’re losing all that money, where if you bought, you’ll get that money back.
Depends on your criteria. Mine are:
1- weather/climate: should not be too hot/humid or cold
2- high standard of healthcare (i.e. like Japan or Germany)
3- safety
4- food safety, clean water, etc
5- language
6- modern infrastructure, housing and facilities
7- cost of living
8- loneliness, homesickness factor
9- food, cuisine
10- availability of products
11- racism (foreigner factor), friendliness of people
12- beautiful women :)
13- no snakes, spiders, lizards, scorpions
14- tax friendliness
15- would I live there if money was not an issue?
@Ken Able that's the 64 thousand dollar question. I'd say some parts of the US and Europe check most of them
@Ken Able Southern California (Orange County), and Portugal/Spain/Italy
born free So are the Earth Rises.
Wait... a country that doesn't have snakes or spiders or lizards or scorpions? I mean, maybe not all 4, but does any country really have NONE of those critters? (I don't know about scorpions, but I live in urban Hong Kong, and I see snakes, spiders, and lizards ALL THE TIME).
New Zealand fits most of those
Dad moved to Zihuatanejo, Mexico and mom to Altea, Spain and they Love it! Good pricing, secure, lovely weather, nice culture and friendly people. I live in Sweden, but planning to move to one of those places in the future.
Glad to hear your experience, Stan.
That's where Andy & Red ended up :)
Believe it or not I’m back in Michiana after 35 years in Chicago. It’s two hours to go back to Chicago for when it reopens. There are lovely beaches , cheap houses and farms. It’s a wonderful area year round. Doctors are fantastic. Notre dame university offers football and concerts. You can zoom to meetings from here. It’s a quick flight to Florida or Mexico or a cruise in February. There are vineyards and fruit areas all around. Michigan doesn’t tax your 401 k withdrawals.
The property taxes are nothing compared to Illinois and Chicago area.
Sometimes you don’t have to go to the Ukraine or Belorussia to retire. My relatives that were left there were put into pits in the forest with bullets unless they won a train ticket to treblinka.
Healthcare is wonderful here. I’m doing orthopedics in south bend with wonderful doctors. You either pay cheaply through the exchange or you get Medicare when you are old enough.
I’ve been through the Panama Canal Mexico and lots of central
America. I love visiting Europe. But you don’t need to give up your citizenship to live in Belize or Serbia or Malaysia. You can reside in the us and travel during winter comfortably.
Very interesting topic, heard stories of Italian mafia members doing this.
doing what?
Yeah. Check out Sexy Beast with Ray Winstone. Great movie.
@@davidg5629 or the TV series Lillehammer where a Mafia snitch is moved by the Feds to a location of his choice and he chooses an alpine town in Norway
You folks might ALSO want to consider where is SAFEST should the SHTF. Millions in the bank don’t matter if in a country where you could be deported or worse should things go south.
Warm weather and proximity to kids & grandkids is important for me. So, I'm looking at Mexico, Panama & Costa Rica. Not the cheapest, but some places are very affordable. Weather is great and flights to the U.S. are direct and readily available.
Thanks for sharing Dan!
Honestly I’ve been to Costa Rica and I can say it’s safer than Panama or Mexico. Find your tribe make a lot of money and protect your love ones
As someone who's been coming to Cambodia since 2003 & moved here in September of 2019, I have this to say: While it's correct to say that land prices have gone up, the same doesn't hold true for rents, which are for units in mostly already existing apartments anyway. In addition, a decent income here for a local is $300. There isn't much room to go up. Also, demand for new apartments is down, as is the economy.
Furthermore, prices outside the capital are lower still. You can still find a nice apartment - basically your own small house for $150 in say, Kampot.
And 6percent interest on a mil will give you 60,000 usd a year, good enough to spend 5,000 bucks a month on rent and food and save the remaining for more banking!!
In Bulgaria money last long, houses which are comfortable, furnished already, with price tag from about 40000 USD and above, and also with piece of land 1000m2 or more.
I am reading good things about businesses there, in terms of taxation. Thinking of potentially opening up my ecommerce company there, sounds like a great place to do so and you can even rent small office/apartment space for like 200euros a month.
Too bad the women have one long eyebrow.
I think you’re spot on. I am just now finishing the process of getting my dual citizenship with Bulgaria (I’m American but my parents are Bulgarian) and while I know you’re not a fan of BG, it has those same benefits that you see in the other Eastern European countries. I have this dream of accomplishing this hack but I’m by no means a 6 figure entrepreneur. Currently I’m a data scientist but I definitely have some business ideas. Still young so we shall see...
I'm 32 years old, at the moment I can live like a king in Lombok in a Villa, but who knows in the future
Lombok is an awesome option , I will retire in Bali and visit Lombok for variety
Thanks
How do you talk like Sheldon and Tyler Henry at the same time 😂 I love it!!
You can live like a King in parts of Thailand and Vietnam. The problem is the really long flights if you want to come back to N. America once or twice a year. For places closer to home, Mexico, Cuba, Costa Rica and yes Colombia are also definite possibilities, although getting residency may not be that easy. If you can stand the really hot climate Belize is a great place, with the added bonus that everyone speaks English.
Then come the question of the healthcare, and thai/VN are not the best place for this unless you have a lots of money
But crime against foreigners in Belize is a problem.
My answer would probably be either Colombia or Brazil for South America and probably Malaysia or the Philippines for SE Asia.
You shouldn't go by the nominal interest rate but by the real rate. If the 10% interest rate in Georgia is accompanied by 8% inflation, you should consume only the 2% real plus maybe a little bit from capital depletion.
One minor correction, people want to live in Namibia, not everyone knows about it, but German, Dutch, South African expats love Namibia, check out the town of Swapkomund and tell me you could not live there. It's not super cheap, but with 200k USD and 35k a year income it is amazing. Keep up the good content!
How do you get papers to live there?
Namibia looks beautiful
I had the exact same thought! I was lucky enough to be stuck in Swakopmund during the COVID lockdown for 4 months. Had the best time ever there even though there was a pandemic. Quality of life is very good if you have western currencies. Namibia is a dream and very attractive for western retirees and other parts of Africa are not bad either. I don’t think he has seen much of Africa.
If you want a normal middle class life after 40 you can live on a million dollars if you own a house. Because the million should be used up by the age of 85. There is no point in having a million in the bank when you are dead.
there is a point, it s for your children.
@@HotelEuropaBasak what if you have no children?
@@suzh5789 Favourite charity perhaps? Food bank, Humane Society, etc.
@@gwarlow I agree wholeheartedly!
exactly
Hello from Serbia. When you come next time be my guest in south part of the country.
Oh so kind from you😍 Thanks a lot!
Hi
Come to South Turkey. Everything is cheap, cost of living is low, warm climate, sun shines 9 months and the most clean sea in the world.
Turkey, Albania or Georgia for me! Just waiting for my vaccine :)
@@Chahliegood choice. I'll carry your bags.
No
Traveled there many times for business. Beautiful country, lovely people, great food, and affordable.
But get rid of Erdogan first!
Please do a special on the country with the least COVID19 restrictions.
Mexico, Colombia and Ireland as of Dec 6th 2021.
@@StreetSmartMillionaire Ireland is one of the worst in the world. Mexico is pretty good, but Colombia is getting worse with COVID hotels and vaccine passports.
Colombia is a good one. I’d also consider jumping on a boat in the Caribbean haha that’s the dream.
Judge Dredd Lots of potential in Colombia and several immigration options.
You and me both Judge!
@@shirleydiwert943 how do you find out about those jobs, mechanics?
There are many places in the US you could live comfortably on the dividends of 1 million. That is low enough to be nearly tax free. Many other countries don’t have the same level of stability in real estate laws.
True. Live in a state with no income tax and invest in tax advantaged US dividend stocks
The optimal answer to this question is really dependent on what type of king you wanna live like 😉😂 if I’m gonna die in 10 years. I want non stop opulence and indulgence 😂😂🤷🏾♂️
@Fauci is-a-liar I absolutely do not want kids.
non stop opulence and indulgence might *make* you die in less than 10 years :).
@@Pyriold lol, I’m willing to take that risk if I’m going to die in 10 years 😈🤷🏾♂️
I’m an American living in Malaysia on a Malaysia my second home. It’s amazing been here for 23 years! I’ll never go back to Seattle! Cheap and I live like a king
John Ishii Thanks for sharing that, John
Which city in MY are you living in?
Interesting !
Love your channel....Very good work.....I’ll have a look to Belgrade
South east Spain, nice villa with pool near the beach for 200k easily. 3 course meal for 10 dollars with wine... 3 best healthcare in the world! I don´t see the need to go so far into eastern Europe to find amazing places for nomads. Did i mention 320 days of sunshine and the best climate in mainland Europe. And crime is very low and the court system actually work if you get the short end of a stick one day. Low taxes, and if you just want to rent, you can rent a small apartment for as low as 200-300$ a month in decent areas.
Thanks for the ideas, Thomas.
I like the idea of Spain. I have never been there but from what I have seen on TV property shows, the golf courses are amazing and the weather is great. I was in the Algarve a few years ago and it was lovely. If Spain is anything like that, which I believe it will be, I could definitely choose Spain as a place to live. Now I just need to get a passport that will allow me to do that, i.e. anything other than my South African passport. Bye, Charles.
There are a lot of people that would love to retire in Africa. Especially Southern Africa. I don’t think you have travelled Africa enough and just have an opinion based on stereotypes. Look at Namibia for example. I’d love to retire there some day.
You are right.
40 years ago we would have called this lifestyle of yours the "PT " (Perpetual Traveler) lifestyle as espoused in the books by Bill Hill
(nom de plume). I still have an original set of these books and finding your channel reminded me of the dreams I had then to live as you do now. I still hope to embark on this worldwide lifestyle adventure someday. Made so much easier now by the gig economy and Internet. Much continued success to you!
Much thanks, Jay.
Jay nice comment
One of my alternative home in China and live super comfortable and having great good food and visited many beautiful places in China. Now i am looking into South America to have "homes" 4 continents of the world
do you plan on doing a follow up book or new edition of it
This is an interesting topic
Thanks 😊
Thanks for this thought-provoking video. Two comments. Firstly, your proposed solution seems to involve a big commitment to a chosen location and hence a trade-off against future location independence. Have I understood that correctly? Secondly, you mention in passing that you have some reservations about Asia for this purpose. Could you say more about what those are, please? All good wishes!
Adrian Fletcher Asia will likely rise in price faster than other places, hence harder to future-proof.
Some countries offer citizenship through property ownership.
Eastern Europe is rising again with safe streets, great foods, stable government, etc Maybe a great choice! Very friendly there also i read. If I had a million I would look at Uruguay also. I read they have the best health care system in South America. Great video. Thanks.
Absolutely Andrew
It really depends on how much longer you will live. 10, 20, 30, 40, 50, 60, or 70 more years? And what you consider living like a king.
If you live off the interest, how long you live doesn't matter except in terms of future-proofing against inflation. What you define as "king" living is, of course, up to you.
@@c0t556 If you were thinking at a 1/4 of his level, you'd have understood that he's genuine.
We have no idea how long we will live. We can only 'speculate.' Some people 'live like a king' on just $100,000...some just $60,000-75,000. HAHAHAHA "Live like a king!!"
I live in Colombia and I have found it to be very inexpensive, but in in Colombia there are cities that are super cheap and there are places like Medellin or Cartagena that can be quite pricey. The advantage that Colombia has is it's extraordinary diversity.
Considering moving there myself but concerned about the covid vaccine crackdown and how that might effect the economy, which will cause a rise in crime. Thoughts?
Comments are very enlightening. I always wished I had become an anthropologist :) Just go where you are happy....
Great video. You should do a series on where to go with 2k, 3k 4K etc. a month also
Philippines, outside of Manila.
All foreigners are welcome, No.requirement.
just apply visa or permanent Residence.
EASY Peasy
This will work for FIRE individuals the best.
DaNang, Phu Quoc, Penang/Langkawi, Cartegena, Panama, Split/Dubrovnik,
Have lived very well in Thailand (Bang Kwai and Bangkok), Chile (Renaca at the coast) and Puerto Rico (Humacao at the coast), all on USA Social Security.
Singapore you need at least 10 Million to retire because cost of living is high!
$10M in Singapore, you'll live like a Californian suburbanite... :(
Even the kaya toast is expensive :(
It’s cheaper in JB for sure !
It is so freaking crowded.
Just move to Malaysia
Beautiful women in Eastern Europe.
That $1M will last about 3-5 years, if that is the draw (punch intended).
@@warrendarable About the same as a Canada divorce. So both equal.
haha haha
My experience is, that I found El Salvador is very reasonable and San Salvador is a nice place in certain places. It used the US Dollar, but at 1/3-1/2 the price, of dining, services, etc. than Miami. Same is true in Panama, a great bargain, (check out the Canal Zone) that uses the US Dollar, but it is far cheaper than US. The Dominican Republic seems to be the best choice for bargain living in the Caribbean, alone with the Philippines in Asia. While in my travels I found both Brazil & Argentina interesting, they would be brutal to live in in. (Brazil for crime & Argentina for scary economics).
Great video - What are your thoughts on Brazil?
I’m ready to leave Canada. The next Venezuela
😂😂😂The US is fast on it's way as well. Comrade Kamala, Comrade Pelosi and BLM will be making sure of that. Move over Hugo and Nicolás😂
Your buying when everyone is selling....might be a great smart move.
Trudeau is an absolute globalist pig
@@maryannwaters339 I couldn't agree with you more! I only have about ten more years till I'm retired, and was hoping my nest egg, pension, and SS would be enough, but with these clowns in complete control I'm afraid that all this will be lost, America will be bankrupt, just like Venezuela.
H J lived here my entire life. I make good money but the clamping down on freedom is hard to take
Any multicultural environment country is best option like Malaysia Thailand Singapore UAE and other options are Portugal Greece Spain if someone like European flavour
Patel Patel - Singapore is far too expensive for a million dollar retirement like a King. Zero chance.
I agree. I am eyeing Colombia and Costa Rica. Own a house debt free and have no operating costs.
Looking at both as well
I feel fortunate to be somewhat living that way now in Mexico, although I still work online. There are many expats here, so the services for banking and health care are top notch. Health insurance is not needed, as prices are low and most people pay in cash unless they have major issues. Houses are fairly expensive, but taxes and maintenance services are super cheap. Citizenship takes time, but not a lot of money. The weather is absolutely perfect, the food outstanding, and the people are as friendly as you will find anywhere. I live in a beautiful neighborhood mixed with gringos and wealthy mexicans. There is some crime like anywhere, but not for most expats if you use normal common sense. It is close to an international airport as well as fantastic beaches. I think I have found it!
Where in Mexico do you live?
@@Yunnansourcing Central Mountain area of Jalisco.
@@AnotherDayInMexico nice! I was considering Merida, but too hot.
I know. I tried Tulum for a few years. Too hot also. Guadalajara/Chapala is perfect weather and only a 5 hr road trip to great beaches on the coast of Jalisco. Super cheap direct flights within Mexico too since GDL is a big airline hub.@@Yunnansourcing
@@AnotherDayInMexico Sounds nice! I am not a fan of hot and humid or cold. ;-)
Can you do a video about investment in ecuador please
I would like to know too!!
Czech Republic: assets appreciation and life quality being in Europe. And girls are heavenly beautiful :😁
Manyl Teffahi what about Azerbaijan
Manly can you help me for czech? wanna living there and work
@@adilcinar4697 you are Tom cruise, you can do whatever you want
@@manyltef9811 😂 ah yes i forget it... ok i am going to czeck with my topgun
People are assholes in these countries
Def just want to live like a regular person but not have to worry about money. I don’t need a mansion or Ferrari or anything ridiculous. Just want to live comfortably. 😊
Serbia might be a good place. Thank you for sharing bud
You didn't mention Portugal, can live cheaply and good healthcare.
Yah my brother-in-law chose this country
I have a place in Torreira 🇵🇹
What a cool topic! I want to be a queen in Georgia now! Wine, delicious food and handsome men! Thank you, Andrew! Your videos always inspire me to improve and grow.
Мила Шахбазян Thanks 🥰
Pat Aherne or learn Georgian :)
Trinidad and Tobago, no capital gains tax, great food, free substandard health care (or you can pay for better health care privately relatively cheap) lax tax system etc. really nice place...
Thanks for the suggestion.
@@nomadcapitalist thanks for the response, i consider myself a nomad as well and find your content very informative. Im also involved in the construction and realestate sector which is very attractive right now btw, if you need any info feel free to contact me.
You said it well! Bulgaria, Serbia,Colombia and Armenia yes...Some parts of Africa modestly Subsahara like Ruwanda and or Mozambique...but that's just my 2 cents. Now if you have 2 million dollars then that list gets a bit longer.
Andrew, are you against investing in equities?
I think the Philippines the conversion rate right now is 50 pesos for 1 is dollar So 1mil usd to PHP is 50,745,000 pesos and I’ve seen the rate get up to 53 in the past couple years for perspective 1 PHP converts to 0.020 USD
I live in the US and have been researching for a year about moving to another country. In all my comparisons the US keeps coming up as competitive. Most comparisons are made to top US cities. Yes the Philippines is cheaper than LA and NY. But cheaper than Phoenix? I live in Phoenix, own my house. Property ownership in other countries is a bit scary to me. I'm old enough to have seen many stable countries become unstable. I understand the US market but would be a novice buying in another country. I live on $500-1000/mo here in Phoenix. Philippines can be cheap, but comparing lifestyle I'd expect to spend $1000-1500/mo there. And selling my Phoenix house I'd be losing that appreciation and I don't want the job of managing a rental. I think the US is overlooked.
Yes, still many good places to leave in the US on $1500 per month.
Use Numbeo cost of living comparison. Also check out Belgrade or Novi Sad. It's amazing! Sell your phoenix house, put $200k into a few good tech stocks like apple, microsoft, amzn, and netflix. Let it compound for 3-4 years at 20-25% and then live like a king off the interest of that sum forever. Thats what I'm doing.
@@Wolfsheim23 you really think these tech companies will return you 25%?i always feel i missed the train by not investing, now it is harder for me to do so knowing i did not buy them 5-10 years earlier. there will be an end to this apple, amazon, tesla craze. it must. remember I did not buy apple at 99 a piece in 2016 because a day or two earlier it was at 93!, instead opted for a bio stock and few others which aren't doing any good at all, apple split four ways and at 125 still.. that day i was thinking to buy apple vs a bio tech stock and i had about 90K saved in bank. my friend bought 100 apple shares that day when we hit buy while sipping our coffee. now i am thinking how my mindset was so naïve. i could have at least bought 100-200 shares regardless despite supposedly taking advantage of a bargain deal with that bio pharma with 3.% dividend
@@blutao1648 All the top companies in America have averaged well over 20% over the last 10 years. AAPL, MSFT, NFLX, AMZN. If covid showed anything it's that people have stopped being so fearful and weakhanded with stocks. People were bolder than ever and bought and held stocks rather than folding at the slightest wind like in the past. Maybe it's a new era? but regardless those top companies are going to keep growing exponentially unless the whole world crashes. It's never too late, but earlier the better. Kids should all be taught about Compounding interest, and stocks as early as possible because they have the most time. 300K will become close to 700k in 4 years. Then you can keep living off that interest and still save some and keep growing the principle. Oh and leave a ton to take care of your kids too!
I bet you vote for the GOP wingnuts in AZ too! I can't wait to become an exPat. I grew up in the Orient & Finland. The US is in danger of becoming a GOP dictatorship-- a religious theocracy!! Like Iran!!!
Not in the US! Africa, S.E.A - Southeast Asia, South + Central America maybe Eastern Europe as the last option.
Don't forget any of the South Pacific islands.