How to make money as an expat - Ecuador Expat Vlogs
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- Опубликовано: 27 авг 2024
- It’s the million dollar question... well perhaps the $600 a month question. How do you move overseas and make enough money to survive? How do you make money as an expat? There are a few different way, and in this video I will share what I’ve learned in my ten years of living overseas.
Additional relevant search terms: fall off the map, how can I, Ecuador expat, overseas jobs, #expat #jobs #ecuador
You know he’s been living in Ecuador when he starts watching bikes .
Okay got it I'm opening a motorcycle dealer.
You should open a motorcycle repair and service shop for all the motorcycles on the road. Clearly the local people love them!
Glad to see you healthy and doing well. Always look forward to hearing about your adventures and lifestyle. Sage advice, much appreciated!
Thanks. This actually felt like such a low effort video, but it is something I’ve wanted to communicate for a long time now.
Excellent advice! I'm an expat living with this struggle myself, and transitioned from a contractor like you (only I was a tactical medic in Ukraine) to instead trying to teach English and starting local businesses. The income earned can be really low and feel like it really isn't worth the time to operate it, but the additional benefits of meeting the locals and beginning to become part of the community really cannot be calculated. Thanks for the great and concise advice, subscribed.
I also thought of teaching English, but not for a center as this can be very low, where you teaching privates? Do you mind sharing a bit how did it go? Any advice would be helpful, thank you
Great advise! Yep, my wife and I have struggled with ideas for work if ever we were to move to Ecuador. She’s Ecuadorian, I’m Canadian and we live in Canada. This is good food for thought. Thanks!
I hope it helps. There are so many little hole in the wall businesses that expats could do but never consider because it just seems too simple. Yes, these sort of businesses make a minimal amount of money, but they are such low effort that the amount you make for the work you put in is pretty decent.
The first part of the video is common sense; use your skills. The second part about catering to locals is something so many people miss. I've lived in many places and seen so many expat businesses fail because they were going after that 0.01% of the market. It sounds obvious listening to you enunciate it, but many people could have avoided loosing the savings they worked so hard for if they had heard this wisdom.
Yeah, I’ve leaned the hard way... not once but a few times due to my stubbornness and overconfidence. It took me a long time to understand something so basic. Hopefully my expensive learning experiences will saves a few other people from the same fate.
You're terrific. Such brilliant advice- and it was in front of us the whole time. Subscribed, bell & liked. Looking forward to your next topic. Thank you...
Loved the farewell salute by the wee one !
Great video, awesome perspective ! Thanks !
You truly understand life. I hate other channel because they think or "only capable " of doing online or remote works.
Thank you. Started following you and hopefully can learn a lot from you.
Deep Space - Programming Tutorials thanks. I do understand why many people focus only on working online. If you have the skill set to work remotely it is a more reliable way to make a living. If I felt like I was just an expat, sure, I might have the same attitude and stick to online work, but I feel like more of an immigrant than an expat, so running a small family business feels like the immigrant thing to do. It helps me integrate into the community and adjust to the Ecuadorian pace of life.
@@FallofftheMap Well if you have the skills then you can but there are people who don't and their videos is only for those who can work remotely.
Just like everything else in life they have good and bad parts.
This is such great advice. I love your simple yet so extremely effective formula. Thank you🙏
My idea in Peru with my wife's family, is a american/Peruvian bakery with the usual good sellers with things like newyork cheesecake (we Could not find any decent cheesecake anywhere) and donuts ect ect. And not to mention, I garueentee people will come buy from the 6,2 240lbs American just because. Lots of good ideas on how to live and prosper in these beautiful places.
That’s a great idea. There’s a gringo owned bagel shop here that does quite well.
When I was in Nepal, I encountered quite a few German bakeries run by Germans who fell in love with the country.
I dated a woman in Ensenada, Mexico who ran a confectionary shop out of her living room. On our first date we were having dinner in her home and there was a constant wrap on the window. She would excuse herself, open the window, take an order, reach to the snack shelf against the living room wall, and make the sale out the window. This happened throughout the evening and I loved it. My Spanish was not great at the time but I think I could have helped push some sales through. Best of success to you.
That’s awesome. Very similar to our ice cream shop here. Just a constant stream of tiny sales to the neighborhood folks.
@@FallofftheMap I hope I'm not out of place commenting here. I (from the US) have lived in Costa Rica since 1997 and I live in the town of Alajuela (about 300,000 inhabitants), about13 miles north of the capital San Jose. About 15 years ago, a guy moved here with his wife and son. He grew up in New York City but his family is originally from Colombia. He moved back to Colombia as an adult, where he met his wife and got married. He moved here and opened a Tex Mex restaurant and has been successful if not extremely successful (the last couple of years have been tough because of Covid) because he did what you said: He opened a restaurant that the locals love because it's a type of food that hardly anybody here has any experience with and tastes good using local ingredients (the local CR tacos are not that tasty but very popular). The expats and gringo tourists love it because they're familiar with the flavors and the food tastes great. PLUS he provides gringo-level service and quality. It's called Jalapenos (with an enye) Tex Mex and has a FB page if you want to take a look. He also has opened a Colombian food restaurant next door that doesn't seem to be as popular as far as I can tell. The other thing he has done is he found a semi-retired dessert maker from the US and has added killer mousses and PECAN PIE (my fave) and other international and local desserts to the mix. I'm posting this b/c I think he has basically done what you are recommending. Find something the locals will like and then make it dynamite.
I love these ideas.. i want a coffee shop.. there are so few of them in my small pueblito!! Or juice bar!
Juice bars tend to be popular in most of Ecuador. Coffee shops seem to do ok only if they’re either in an expat area or in an upscale shopping center. Most Ecuadorians seem a little baffled by the idea of paying for quality coffee. Just checked out your channel. I’m curious as to how well a coffee shop might do in Colombia. Outside of Manizales and Salento I didn’t see a big coffee culture.
@@FallofftheMap i feel like my town there is.. but its all instant and cheap... no expats here maybe not the best idea... the locals wont pay for good coffee.. when they can have tinto 🤣
Thank you, good info for these times we now live in.
You’re welcome. I think there’s a lot of power that comes with having the ability to pick up and move if the country you’re living in doesn’t meet your needs. I hope more people will learn to live like this, moving to whatever place suites them, not as immigrants or refugees, but moving in a position of power, moving around as expats.
Rondo of the greatest ill plaguing our sucess in the investmemt sector is ignorance and fear of the unknown...if only we can keep the fear aside trust me you will succeed...Gold are good but i must say crypto can transform your life fasster than you think from poor to rich
Just got into bitcoin months back and recived my second profit of $7500 with $2500....
Which stock is a buy
stocks are good but I swapped and invested in forex and cryptocurrency I've been earning much from it 💵
Yh investing in crypto is a big chance to make money nowadays
I've got interest in investing but afraid of doing it on my own to avoid loss from my end
I see great potential on motocycle repair shops, dustless blasting, sandblasting, powder coating, restorations, etc
Maybe. There’s a lot of extremely low priced competition. If you specialized in high quality and rare bikes you might find a good market.
@@FallofftheMap I don't think so, I've done some research, well depends on what area you are living, but the sand blasting and vapour blasting are unknown services, of course you are not going to charge american prices
Cool. Not meant to be discouraging and my knowledge and experience is definitely with basic repair shops, not anything fancy.
awesome video!! Thanks again.
Well said... 👍 gives me ideas, and I definitely don't want to move there and be another expat working against the local culture and community
the kid with the motorcylce...lol love that...
Good tips and ideas for foreigners!
Great video. After eating pizza in Ecuador a few times, I would love to start a pizza shop there. Salchipapas pizza would rock!!!!
Rebel on a Trail exactly. It’s good to see some people get what I’m saying. Every time I eat Mexican food in Ecuador I feel like I should open a taco cart. Loco Gringo Taco or something like that, because fast cheap street food is popular here and I know I can make a way better taco than any that I’ve encountered. If Ecuadorians will line up for terrible tacos what will they do when they taste a bomb ass taco?
@@FallofftheMap tacos, absolutely! How about Chifle Nachos? Meatball stuffed Pancito de Yucca? So many things! My wife's family lives on the Coast in La Libertad. During the summer months, it is a local tourist mecca. One thing I can never do better.... empanadas... oh man.
good idea ....i was thinking that too ......with free delivery and ordering online ..wait chicken wings too sorry and salchipapas but french fries like ... Mac Do......style
Very good video,thanks
I just commented on two of your other vids. Hilarious. I'm an electrician as well, then went to low voltage & IT specifically bc it was easier to work for myself outside the union. I'm giving it all up. I'm over it, and my body doesn't want me to do it anymore. Time for a change....a big one. Thus, some farm land in a warm climate and out of the US. Had several electrician friends go to Iraq to work when the recession hit, and they made great $. Most of em I know are just pushing through to retirement. I think differently these days and want to enjoy life while I'm still in my 40's.....ready to get out of that mindset trap. I'd like to see other people have the confidence to take that leap too. Especially the miserable ones.
Yes, it looks like we have similar plans and paths in life. Based on some of your other comments I recommend joining the Ecuador expats Facebook group and take some time reading the posts about moving to Ecuador and buying property in Ecuador. I think it will help you zero in on what parts of your plans make sense and what things are impractical. Know that there are a few grumpy trolls in the group, so it’s best to read other people’s posts before asking your own questions there to avoid triggering trolls.
@@FallofftheMap Alright thnx.....I'll check it out. I'm not much of poster and hate FB in general, so shouldn't be a problem. lol. I'll scroll through it and see what might be relevant. I'm 100% planning on spending some real time down there regardless, before getting too involved in the subjective stuff. Everything you and others have told me have made it clear that you need to invest some time int the experience of an area first. Nothing like being submerged in the place to know what's in front of you. Thanks again for taking the time to respond. Bet
Well Done ! I am in Mexico but have lived in a few places...
Great advice!
excellent insight!!!
That's one badass dirt bike!
The locals are really into their bikes. It this town it’s all about the Suzuki DR 200 and the old 185s. Most of the bikes in Ecuador are cheap Chinese clones though.
Okay, I’m so curious how on earth you can start an ice cream business with only $50. I’m not in any way doubting you. I trust snd believe your words. I really do. This is the second time watching this video so I really get your message. I’ve been drawn to Ecuador for many years now but I’m married to someone who is extremely risk averse. Lazy too but that’s another story. I just discovered you and your channel this morning and already love listening to you and your stories. Thank you again🙏
Ok, I’m going to take a few minutes to give you a detailed answer. We rented two side by side apartments because our family was just too big to fit into one. The apartments were previously commercial space and had a great location for the ice cream shop. Because I rented the location that my eldest son and father-in-law live in for them, I don’t really count the location rent in the cost equation since that money was going to be spent on rent anyway. We already had two refrigerator/freezers so one of them became the start up freezer for the business. The $50 was for the disposable cups, popsicle sticks, and ingredients, as well as a light, and a silly looking giant ice cream on a stick. We don’t do cone ice cream. It’s all the basic Ecuadorian style cross between a home made popsicle and an ice cream and the texture and style is pretty much exactly in between the two (ice cream and popsicle). After the first few weeks I did invest more than the initial $50. I dropped $300 to buy a second stovetop and 3rd freezer, but only once I was able to see that the investment was paying off.
@@FallofftheMap What are the regulations like for starting a business in Ecuador, especially one that involves the sale of food? Are there many hoops to jump through or is it more like "I had an idea, bought some stuff and then started selling immediately"? Great video and channel.
@@FallofftheMap Thank you for taking time to explain. You're the only one who does take time, everyone else blurts out a 1line sentence. Thanks, don.k.
@@donk.5730 you’re welcome. It’s my pleasure, actually. In a world where attention spans are getting shorter and shorter and few people try to interact in depth, preferring to respond with emojis or automated responses, actually interacting, explaining, teaching… it’s fun for me. Creating videos about things I’m doing and experiencing, and then going in depth to answer questions is not work, it’s not a burden.
@@FallofftheMap 😂😂
When I heard the motorcycle I took my headset off because I thought something was wrong with my AC. lol
Sorry about that. Just Ecuador being it’s noisy self.
@@FallofftheMap na thats fine. it was a bit off putting to hear at first
Yeah, that’s about how I felt.
@@FallofftheMap does lack of insulation have anything to do with the noise level? I’m curious because I would certainly pay more for better insulation if I were to build. It just seemed really loud. Also, what about licensing (motorcycle and car). I have both (in the US), but wondering if it’s transferable with a few or do you have to test all over again. If so, would one need to be fluent in Spanish? I’m thinking I would probably only get a scooter, but wondering about requirements... and what options for buying a motorbike are available?
That's what i've been thinking lately after struggling for a while. Why not just start an easy local business that will at least get some income. During the down time try to do the "side hustle" or online business/service stuff. I was fortunate enough to start remote freelancing fir a company in europe. Hut the tryth is, many of these look to hire in latam because it's much cheaper.
I love your raw honesty & solid advice! I'm 23 and hope to finally take an international position this year and move abroad solo. Just one odd question, do you make your videos with a pro camera or your smartphone? Do you use editing software etc? Thanks FOTM!
Thanks. Most of my videos are shot on an iPhone 11 Pro and edited with Final Cut Pro. Sometimes I use a GoPro. On a couple videos I used a Canon 80D, but it really needs a tripod and I prefer to hold the camera. I also use iMovie every once in a while. I don’t see a lot of difference between iMovie and Final Cut. It’s a purchase I regret. I also wish I hadn’t invested in the Canon 80D. It wasn’t worth it. 90% of the time my iPhone 11 Pro is the best tool for shooting video. It’s only less than ideal when I want to shoot something than needs a powerful zoom, when the sun is too bright and creating lens flair, or for places where it might get stolen so discreetly using a GoPro is better.
Never think that you're wasting somebody's time because people who come to your site value your information and in my opinion you could speak for an hour and people would listen. Thanks
Thanks. It’s a tough trick to thread the needle and make videos that are good for both long and short attention spans.
I was in Greenville 1-6DEC2020 and am still here in Afghanistan. Looks like we crossed paths. Funny I have also been looking at Ecuador.
Duuude! Nice video. Hot tip for a new company: Mufflers for Motorcycles. Name it, "Moto Muff" (they'll not see the pun).
Serious question tho. In many places in Mexico, cartels or locals gangs will extort business big or small into non-existence. It’s not like that everywhere, but it is something that happens and can actually happen anywhere. Is this a concern in Ecuador?
It is extremely rare in Ecuador. I heard about a bad period when a group from Colombia took over a town near the border for a few months and extorted the locals. I’m sure there are some bad neighborhoods where it may happen in South Quito and Guayaquil. It’s not something I’ve ever experienced.
Two problems I see with your advice: 1) if you do what the locals need, and operate a low-overhead business, as soon as the locals see some success, they'll copy what you're doing and you'll have a flood of competition.
2) as a foreigner, in a lot of places, you're vulnerable to extortion threats, including from local criminals, politicians, law enforcement, or all 3.
Both your points are valid. I have dealt with some areas where extortion and jealousy locals made it impossible to be successful. My response has been to shrug and move on to a different area. This was especially a problem when trying to run a business in a tourist town on the coast. It has not been a problem in the mountains... yet, at least not in our little town. Maybe we got lucky, or maybe the culture in this particular area isn’t as corrupt and jealous.
Food for thought much respect.
I think a motorcycle shop would do well too. Lol
I am curious as to where you picked up the “traveling” electrician jobs? I am a industrial electrician at a steel mill but if I could make more money and live abroad that seems like a win-win for sure
I started out working in Afghanistan. I found my first overseas job by posting my resume to the indeed.com overseas electrician forum (with some of the info redacted for security). It was a terrible job, but once over there I job hopped until I was working for a large military contractor. After that I had the sort of resume and network of friends that made getting other overseas jobs easy. These days the next job is typically just a message to one of the guys I’ve previously worked with. In fact I am considering going to work on a military base in Somalia soon after messaging a couple friends that are out there. My point being, getting the first overseas job is difficult and often requires taking risks or worse working conditions that you’d like. Once you’re in, if you’re any good, you’ll make contacts that enable you to pick up work easily. I have a video about it, it’s a bit dated though: ruclips.net/video/PAScH-rqyLg/видео.htmlsi=jCFh1Emw0OyN4vgP
anywhere you go, you need at least $2000/month
work as a project manager you can make $65000 minimum.
Well, no, not really. You might make $800 a month here doing either of those.
or rewind electric motors
Thank you. Very interesting! What type of monthly income, in US dollars, is required to live there comfortably?
Make your own ice cream or open up a thrifty ice cream? There is are many companies paying for remote work US prices. Have several friends doing that but hands-on workers doesn't seem to work unless you are onsite. The digital nomads I know just seem to be scraping by with their online store and pushing out a lot of content hoping it would take off. Earning a living on the local economy would be challenging as a gringo especially operating a store front. Have you had a negative encounters or just floating the ideas around?
Depending on your experience level in the industry, even “hands on” workers can and do find remote work. I’m currently working remotely as an electrician, though it’s with the expectation that I will eventually travel to the job site when traveling becomes possible. There’s a surprising amount of job planing, scheduling, material review, and training for hands on work that can be done remotely. Digital nomads that freelance and haven’t targeted a good niche struggle, yes. If you’re web site designing and competing with freelancers from India that under bid you’re not going to do well. If you’re a copywriter, accountant, engineer, you can carve out a decent paycheck. It typically doesn’t fall in your lap, and many digital nomads literally groomed their employers, working on site for months or years until they became valuable enough to be able to call a few shots and either ask or sometimes demand that they be allowed to work remotely. Yes, our ice cream business is up and running. No, I’m not just spitballing ideas I haven’t tried. So far it’s been all positive except when we run out. My earlier ventures into real estate and opening a hostel were not successful, at least not yet anyway, though I haven’t given up on those either.
cool, just find something you can do and then think about you future, I am planning going there, if anybody have the same idea, let's talk a little bit.
This is good information
There is always the option of being a tour guide
I’ve considered it. I’d love to do back country tours. Load people up in a land cruiser and take them to the parts of Ecuador that are off the beaten path and hard to get to. Maybe get a bunch of camping gear and do guided backpacking. I might also do real estate tours for the retiree crowd. Not sell real estate, but rather figure out what climate and size of town they want, and then take them to places that match that description and help them find people interested in selling. Sort of a guide/consultant.
great advice, what type of business would be good for the locals?
Cheap fast sugary snacks, similar to our ice cream shop. Manufacturing anything that is currently mostly imported and therefore expensive. Any business that caters towards the kids of middle class and upper middle class families, such as karate classes, English classes, paintball, etc… those are my best guesses.
@@FallofftheMap Thanks for your advices, well noted, you're right about catering to the middle, upper class families. I think its also about marketing the product in ways that it reaches the intended audience, especially with new social media Apps they may be using such as fb, twitter, instagram, youtube, and others that this country uses to reach the audience. Your ice cream shop sounds good, i used to buy "helado de leche" as a kid, and it was tasty, there are other flavors as well, so, very good idea. Okay, thanks again!
How do you deal with banking? You are a US citizen living abroad, how do you handle the banking requirements since the vast majority of non-US banks refuse to deal with Americans due to the rules that they'd be under.
It took a bit of persistence, but I was able to open a local bank account in Ecuador. It does complicate my tax reporting a bit. I also bank in the US. Ecuador’s banking system is remarkably closed off from the rest of the world, and I did have some challenges when I first transferred money into the Ecuadorian bank proving it was mine and legal. I had to prove i wasn’t money laundering.
@@FallofftheMap Crypto. Not the rank and file crypto, but use a little crypto here and there and use it as a petty cash resource. Even in Antarctica it is good trade (for some). Don't take my word for it.
Good advice bro.
When you traveled out on these contracting jobs, did you bring your family, or would they stay back while you went out for a couple months
My family always stayed at home while I was overseas working. Very few of these jobs allow you to bring any family.
Sir how much Usd in per month sales job
I thought you mean expatriot as in "i expatriated myself because the government owning my soul didn't sit right with me", not "i moved somewhere temporarily".
Esoteric Truth ת these two concepts are not mutually exclusive. Most expat start from the point that they don’t agree with the direction of their government, but they also have the privilege and power change locations at will.
@@FallofftheMap touche. I'm getting a horsedrawn sheep wagon and i challenge anyone to outfreedom me at that point. Can't pull a horse over unless someone is in the act of committing a crime on a horse, and i will be travelling in my home being drawn by horse, which is private property. So no matter which state i travel through, i don't need to follow any of the legal codes applying to guns and vehicles, i can stand in the front door of the sheep wagon open carrying in my home on the road and there's nothing they can do about it...And that's without even expatriating and removing yourself from their jurisdiction, even a state or us citizen could do it. But I'm subscribed to your channel for a reason, i must have seen somethin i liked in you. I respect you and your work, no disrespect intended.
One Love, Peace & Fortitude
Thank you
You're welcome
Do they have auto body repair shops?
Set me up...need a job deep freez
Where did you learn the electrician trade? You are a journeyman?
I am a journeyman. I went through the union apprenticeship with IBEW local 46.
Interesting. Looking into Ecuador to get out and explore. Have 27 years electrical experience with a master license which probably doesn't mean shit down there. Any advice.
Yeah, Ecuador doesn’t value skilled trades. I’m an electrician but I’m selling ice cream and tacos because I can make more $ with less effort and risk. Also, anytime you open anything electrical in Ecuador you encounter terrible dangerous wiring. Unless it’s my own house I don’t want to work on it because I’d need to do a full rewire on anything I touched to feel comfortable with my work.
You're saying I haven't seen everything yet. Ha
This man looks exactly like “Caspersight”
Kind of drags.I want more info about legal requirements to working in Ecuador.
Hi! Good to see you Mr. Is a photographer could make money(expat) in Quito? And What do you think of the future of the video production industry?
I think it is possible but would also be difficult. I don’t think your sales or clients would be in Ecuador, but depending on your type of photography business, Ecuador could be a good location for an independent photographer that sells work online. The country certainly is photogenic, from the landscapes to the wildlife, people, and architecture. It’s easy to find great subjects to shoot. In better economic times there might be decent money it real estate and wedding photography. You will have a lot of competition from locals that price their services far below reasonable rates, and the cost of equipment here is very high.
@@FallofftheMap what about family sessions or newborn photography? I'm thinking it might be possible to rent a small studio space or depending on where we land it can be part of the home we are living in. I'm a photographer here in the US and I'd love to get an idea of what a local photographer might charge in quito.
It’s possible. Ecuadorians are extremely family centric and they definitely spend money on kids even when they don’t have money, so that niche might just work, but don’t underestimate the level of poverty and desperation among your competition and how it will affect prices for photography services. You won’t just be competing against Ecuadorians, but also desperate Venezuelan refugees that are often highly skilled and educated.
What part of Ecuador are you in? I just moved to Cuenca.
I’m about an hour outside of Quito on the Ruta Escondida.
Right now I maybe could be a digital nomad, except I don't understand what allows someone to live in a foreign country as a digital nomad. I mean how would one get permanent or even temporary residence in say another country if they aren't there for work ? A lot of the work you've done gives you the equivalency of a work visa, is that right? How else would one be able to stay somewhere for as long as they would like, is it by making investments and buying property? Don't mean to be too nosy, but what is it that has allowed you to live in Ecuador ? Is that because of work ?
Good question. So, you can go the “nomad” route and just keep moving. In Ecuador you can get a 90 day entry stamp and then extend it to a 180 day visa, then hop over to Colombia or whatever next country you want until a year passes and then you can return and repeat the process. Or, you can get a permanent visa through property or an investment, or you can get a student or professional visa. Hopefully Ecuador will follow the lead of places like Barbados and Georgia and create a visa program targeted at digital nomads. I’m fortunate in that I know one of the current Presidential candidates in Ecuador, Bolivar, and got to pitch him on the benefits of creating a visa program designed for us nomads. He seemed to like the idea, so should he win the next election we might be able to add Ecuador to the small but growing list of countries that understands and caters to digital nomads.
@@FallofftheMap Wow, thats pretty awesome that you know one of the presumptive candidates in the election. I've read about the Moreno - Correia feud and the trial against Correia. But yes, interesting basically owning property somewhere or having to keep moving on a tight schedule is not the easiest thing to do in either case. That would be awesome to have the chance to live and work in a country and contribute by paying taxes, etc. but not necessarily have to own.
do your kids go to local school?
Yes, though right now it’s all online in Ecuador
Have you had any experience with KBR?
Not directly, no.
Try to make 10-15 minutes video. RUclips will monetize you better. 👍🇺🇸👍🇺🇸 Do you do electrical work locally or do you need a local license?
I don’t do electrical work in Ecuador. It typically only pays about $50 per day.
Despacio, por favor! 😂😂una chiste!
Could you recommend any job agencies in Afghanistan? I'm thinking of going as a skilled tradesman.
How do I get to contact you directly, I'm in the "same line of work". Thanks
There should be a link to the Fall off the Map Facebook group. You can send a message to me there. I think there’s an email link on this channel’s main page as well. I’d post my email, but you know, spam bots.
@@FallofftheMap thanks mate 👍
Does Ecuador tax you on your worldwide income when you are a tax resident?
No, Ecuador only taxes foreign residents on income they make within Ecuador. You really don’t want to get me started on the topic of taxes since I’m in the middle of being audited. The US is one of only two countries that taxes it’s citizens when the live and work overseas. It’s one of those things that makes me feel less like a citizen and more like some sort of possession, like they are farming me or something. But hey, I guess somebody’s gotta pay for our endless wars.
@@FallofftheMap Yeah, I feel it is not fair at all to our fellow citizens who live outside of the country. Taxation without representation! On top of taxing on worldwide income, I heard that expat life is not easy to access financial services in the host country due to FATCA/FBAR etc. I am looking for a country with low cost of living, easy immigration, and of course no worldwide tax to live an expat life! Ecuador is interesting to me since it seems to check all these boxes.
@@FallofftheMap lAnD oF tHe fReE
How did u learn to make the ice cream?
@jeanettelebarron3306 is this a real question? I hit a rock with another rock until ice cream magically happened…
Are you still in Quito?
About an hour outside of Quito
We've been in Cuenca for the last year. Like your explorations and content.
Thanks. If my wife’s family wasn’t in Quito we’d probably live near Cuenca, maybe in Chordeleg or Girón. I love that area, but family keeps me from living that far from Quito.
@@FallofftheMap Happy Holidays to you and your family 🎅. Keep posting!
Wasn't this guy a contractor
I still am. I went on R&R from my job in Afghanistan and got stuck at home with my family in Ecuador because of the pandemic. It looks like the base I was at will probably close before anyone figures out how to get me from Ecuador back to Afghanistan with all the current travel restrictions.
@@FallofftheMap Go back to the poles if you can pee ayy eee is running another campaign(I know they always are) Take care brother.
Well, the title of this video is miss leading, as by the end of it, you really were not very effective in conveying the message or how to really make money, specially in Ecuador, where the locals really have no money to spend.
The locals do have money to spend, but it’s not on anything expensive. My example, the ice cream business we started, the prices are low, mostly 50 cents. At first people showed up and spent 50 cents. After a few days they were dropping several dollars every time they walked past. I think, when I recommend looking around to see what other local businesses are busy it actually covered this topic. People get stuck in a mindset chasing big money and fail to notice that hundreds of tiny transactions add up. That said, the business is successful by Ecuadorian standards, but certainly isn’t making a lot of money by expat standards.
on food ..cash is the business i agree with you ..the little details make the difference