This had to have been the BEST international retirement video that I have ever watched, (and I have watched many...) but none of them have applied the "commonsensical" approach that you use. Keep up the good work!
1. Buying real estate within the first 2 years 2. Applying for a retirement visa too soon 3. Falling in love with the first country you visit 4. Shipping your stuff to the new country within the first few years 5. Putting money in a foreign bank 6. Trying to recreate your old life in the new country 7. Hanging out exclusively with expats 8. Paying for sex 9. Assuming laws and legal rights are like home 10. Shopping primarily in expat/tourist/expensive stores
I would add another to your list: 11. Make sure you really do have enough MONEY. You need more than you think...set up costs can be $4000-$5000 (first and last rent and a month in advance would eat up a lot of that, plus things for your apartment - yes, even if they say it is fully furnished!); there will be emergencies and unexpected costs that require you to have an "emergency fund" which should be about $1,500 (money you do not touch except in an emergency) like a flight home you were not expecting or a medical problem. Maybe you think $1,000 a month will be enough to 'get by', but what about if you get a girlfriend, want to try a fancy restaurant, have increasing costs as you age, or want to travel around the country? Your retirement will be absolutely miserable if you have to count every penny and can't do what you want to do to enjoy yourself. My advice...calculate your monthly cost of living...and add 25%. That should do it. Finally, something few expats really consider: INFLATION!! Sure, $1,000 may be enough in year 1....but many of these countries have relatively high inflation compared with the historically low inflation rates now being enjoyed in the US, Australia etc. $1,000 a month with just 5% inflation means you will need an additional $600 per year in year 2 just to maintain the same standard of living....what about in 5 or 10 years? No way your home government will be increasing your social security by 5% p.a.....most western governments are trying to reign in their expenses by cutting welfare payments. Money in superannuation or stocks? Let's hop[e there isn't another crash! I have seen homeless and destitute foreigners begging on the streets in Thailand and Philippines. I know of many others who are living below the standard of poor locals in the communities where they settled!! That will be you if you do not have a robust financial plan with plenty of wiggle room and a contingency plan in case it all goes pear-shaped.
Paul - You make a great point about having an emergency fund and more is always better, but since you as an Expat are probably getting your retirement in USD or a different Western currency, the local inflation rate doesn't necessarily hurt you as it is made up in the currency exchange. I think your math may be a bit off as even if there was 5% inflation on your $1000 a month, that would mean you would be losing about $50 in value a year making it worth $100 less after year 2, not $600...still a hefty amount. More is always better though!
Hi Dan, thank you for sharing your experiences with us. I often share my points with friends telling them” leave your stereotype at the gate when you’re boarding the plane”, “ eat and talk to the locals, don’t just stay in your resort by the pool because it’s just like staying at home with a pool”, “ be respectful, just because you are an American, it doesn’t mean you are above their country’s law”. Thank you, those are excellent advices!!
I started travelling 25 years ago and these Top 10 mistakes are so true. I have met the poor wretches that made the mistakes and bought, it really affects their lives. It can take years to sell a property. There is no race to finding your "place", enjoy the journey and eventually it becomes clear where you want to be. For me its 3 places I want to live in a year, not just one. That may change, not invested, so Im footloose and fancy free. Great video as usual, still the best traveller site going.
I love the way you say it, that it is not a race to find your place. To be honest, end of next year I will retire and it feels like a race to me because I am so afraid visa requirements might change and that moneywise I will be stuck in cold and rainy and expensive Netherlands if I don't hurry and find my new cheaper, nice and hot and friendly new home quickly?
Excellent advice. I couldn't agree more. I would add be open to NOT retiring in any one place. You can spend your time moving from one place and/or country to another and do this for decades! I didn't think I'd like that kind of instability, but now I've tried it, I do. It's very freeing and exciting.
You sound like me Metal. Can I interview you so people know I am not alone. Send me your contact info here if you are okay with that. Please include "Metal Guru" in your message so I know it is you. vagabondbuddha.com/contact/
How do you manage work the different visas and requirements? Does it mean you me have f.e. 5 different retirement visas? I am thinking of that concept too because I love to travel and live to interact with different cultures but I don't know how to go about living "out of my suitcase ". Thank for any advice. (I have about €2000 to spend per month)
@@olgashudofsky2830 That income would allow you to live in many countries reasonably comfortably. You don't need ANY retirement visas. They are often very complex and expensive - -if you can even get them at all. Simply chose countries where you can stay for many, many months as a tourist. For example, you can do this for 3 years in the Philippines and indefinitely in Cambodia. They won't care where you get your money from, as long as you're not doing business in the country.
Points very well thought out. Excellent. Thank you. I used to advise international assignees, and they often made those mistakes. Two pairs of examples (fake names): 1. Midwest US to Paris: John insisted on a 3 bed room, 2 bath, 2 car garage and ended up spending over $10,000 (current prices) per month for the house and car, and a 30-45 minute driving commute; he and his wife remained unhappy. Arny went local with a top floor 1,200 s.f. apartment with large patio, across from park, 2 blocks from the RER, 12 minutes ride and 1 block walk to the office, all for under $2,000 per month; he and his wife loved it. Example 2: Japanese to US & vice-versa: same company gave cost of living differential each direction of nearly 100% of salary; all were unhappy.
Thank you International Tax! Thanks for watching and commenting. :-) Dan Do you have my free eBook yet? That is here: vagabondbuddha.com/fire-your-boss-travel-world/
Agree completely with your assessments, having been to over 50 countries you made some valid points, but everyone is different. We all have needs that make our life worth living and sometimes it takes making our own mistakes to learn and go forward. Iam 67 and am now experiencing and enjoying travelling than ever before and as long I can keep fit and healthy I hope to continue!
Great advice. Travel is my life, expat in SE Asia for 15 years, switching to Europe next year, so damn glad I never bought land or a car or invested in foreign businesses.
Great video and advice, I have traveled abroad to many countries and could well afford to make the move abroad but am 67 .... # 11 recommendation I would add is don’t fall in love with the first woman you meet....
Yes, Pau, #11. If you have only dated women from your home country before ... you have no data point for whatever country you arrived. Take your time and get to know the Rhythms of a new culture before narrowing in on the perfect girl. You may get lucky soon, but that is not likely. Best, Dan
GREAT ADVICE! Especially, sell all your stuff, then move, and buy new stuff. Don't store it. You may pay more for the storage unit in a year, than it costs to buy brand new furniture in your new country.
These are things I know from being a World Traveler myself but it’s always good to revisit these subjects each and every time you move to a new Country. Thanks Dan for the reminders. By the way, I have made many of the mistakes you mentioned over the years! LOL!
I would even leave the checked bag out of it. A small carry on day pack a dual SIM cell phone and some all terrain sandals and go. All clothing and other things are cheaper there. Also Western clothing and things will present you as rich to locals and more of a target. Buy local style clothing when you get there.
Your comment bout it not being new nailed it. That’s exactly how I feel bout my home country. Renting is also really cheap in a lot of countries so I agree with what you’re saying.
your best advice ever- do not buy for years. people vacation somewhere and do not realize living and vacationing are very different things. I lived for 3 years in Honduras, hope to do the same in Guatemala, but no matter how much I love my life there- not buying. actually , after I retire, may not buy anywhere :)
TOTALLY AGREED! Also, instead of moving to one place, just move around and enjoy more places, exactly like what Dan (Vagabond Buddha) is doing and enjoy a variety of places.
Thank you for the wise thought Yanni P. I couldn't have said it better myself. Life is too short to sleep in the same bed for 5 years. And thanks for taking the time to help our business grow by commenting. When you comment, like, share, or subscribe, RUclips shows our videos to more people. So it is like you are paying me for my creative energy. So, thank you, :-) Dan
Dan, wonderful advise. However, it appears that most moving to Mexico (for example) are those who have retired with a significant amount of money or those who have an excellent income working on the Internet. Money does not seem to be a concern for them and they seem to "bring the US/Canada with them" (so to speak). They basically hang out with a few expats like themselves and appear fine with that. They have everything they want( they buy at the expats stores and eat expat meals at the restaurants that cater to them) and even though they tout their "Mexican friends", they are basically no more than speaking to a neighbor sometimes, or talking to their servants. They constantly complain about corruption, lack of street repairs, etc. They tout how safe everywhere is, yet they live in a gated community. They "break" all of your "top 10".
That is what I mean in some of my videos when I say that money can separate you from a soul warming intimacy available to you if you integrate with the locals.
Excellent advise. Most of the things you talked about I was aware of as In the past I have visited over 30 countries because I had a job requiring overseas travel for quite a few years. More recently I have been to the Philippines several times just before covid, and I will return when I get things sorted out here in the U.S. While in the military I spent four years in Japan and thought about retiring there, but modern Japan is not like the Japan I remember. In the U.S. my favorite place to live is Hawaii, but it has become too expensive for most retirees, including me. Keep up the good work.
This is uber informative for me: I would have made a bunch of mistakes in my search for a retirement locale had you not posted this video. Much thanks.
Thank you Ken. Much of it learned making my own mistakes and watching others make mistakes. And thanks for commenting ... it helps our videos get more views. Dan
In Phillipines, the pork turns up so much everywhere and I do not eat pork so I used to go to their chicken chain Mang Inasal or eat McDonalds Fish Filet Sandwich which were both inexpensive.
Yes, both of those chain restaurants are more expensive. try having the chicken or fish in the family owned restaurants at the central locals market at most any town in the Philippines.
Hey Dan you nailed it my friend. Just super solid advice. If you are a couple, I hope you will listen to what Dan has passed along. Hopefully you will both be in harmony and agreement with these things. One other thing, is to get on social media and look up expats in your target area. Talk to them. Get their input. Ask them for the good, the bad, and the ugly. Even though their assessment will be their personal views, ask lots of questions and listen to all the input you can. Learn from their successes and their mistakes. This will save you time and money and keep you enjoying your experiences. Most of us have time to spare as retired people. Find a way to give to the community, by sharing your time and skill sets. In Chapala there is a carpenter shop that expats built and equipped. They teach local high school kids how to make furniture and stuff, at no charge. We all have skills we can share with others. And trust me, they will appreciate your kindness. just some things that slipped in there Dan. Moving to another country is not an easy experience. But you can smooth out a lot of pot holes, by following this great advice. - L
I just went to India for the first time and relate to your advice so well. Some of your comments reminds me of westerners doing travel videos in a unique country surrounded by an interesting new culture and then going to KFC, Pizza Hut or McDonald's.
On bags, travel with a carry-on, buy local clothing, it’s cheap and usually you can get favourite clothing tailor made, take old favourites to a tailor, pick the fabric and in 2 days you will have brand new.
Great advice, thanks for sharing! The thing that resonated with me is don't rush into anything, take your time. I'm an American living and working overseas as an English teacher. This is my 10th year abroad in Korea and I really like the lifestyle. I often think about how to plan for my future. Thankfully I get 4 months off a year to travel, and have been to many of the countries you talk about. One of the things I always ask myself when I visit a country is, could I live here full-time? For me many places that seem like paradise at first can get boring after a month or two. So yes definitely get a feel for a place over a longer period of time before you make any major decisions like buying real-estate. Relax and enjoy your time. Visit many places and it will become clear what is the best fit for you.
Great advice. Would you like to share your story with my audience Cole? Many people have asked about teaching English overseas. If you would like to share your story please leave a personal message here: vagabondbuddha.com/contact/ Thank you for your comment. The detail of your comment makes this real for other people. Best, Dan
I love listening to your 10 rules, it helped us to realized that we were planning all wrong, we will try to follow these advice, thanks and take care🤔👌
Hi Dan, Great Video, one of the best of yours that I have seen. I’m still dreaming of the day when I hand hang up my boots and enjoy the learning and experiences of seeing the world in retirement. Thank you!
Great advice Dan as always. I’ve heard locals in several countries saying that tourists and ex pat retirees leave their common sense on the plane and do things in the foreign country they’d never do at home! This is a list of some of those mistakes and hopefully your wisdom and experience will save many 😭 tears!
Damn Dan, Not quite the 10 Commandments, but certainly good advice, and told straight... Just like a good father would tell his son... Oooops, Just realize I had watch and commented on this already... I guess I needed a refresher and had to hear it again...
Best practical advise I’ve seen on your tube in a while. Much better than some other you tubers that are too euphoric cause the only been there a few months and then want everyone to move there.
Thanks to Dan, we are going to start with Mexico. We had excluded it in our search due to danger…we thought. 2 1/2 years until retirement and we have 5 senior dogs, so we will drive them down to live in Mexico and when they are gone we will start slow traveling. We hope to slow travel Mexico too but also Lake Atitlan, Antigua, San Juan del Sur, Esteli, and work our way down thru Colombia, Ecuador, and Peru. Maybe even do afew years in SE Asia ! Counting down the days….crawling to the retirement finish line. 😉
Absolutely! Great advice! I've lived in southern Mexico for 8 months now. I chose a great area as a "home base" and I have a great space for cheap! My plan is to travel slow. I want to see as much as possible. There's much to explore here in Mexico!
What city did you find best as a home base? I'm currently living in California and looking to retire to slow travel myself in a couple of years. Thank you for your reply..
Wow. This is the most honest, realistic and wise advice on retiring in Asia. I was a Malaysian and have been considering retirement in Malaysia and applying for the mm2h program when the time comes. Prob I should just dip my toes here and there without making a commitment.
Chien, They just raised the income requirements on the MM2H program. But the Sarawak gov't still has the lower requirements. I need to check to see if I can get the Sarawak visa and live on the mainland. That would be a no brainer. But I am still years away from parking my butt in one spot. I enjoy the slow traveling too much. :-) Dan
Far out video Dan!!!!..... Brother you have really put my mind at ease.I have been researching my travel plans intensely for about a year. Thanks to your videos I can be not as apprehensive yet vigilant and now I'm actually looking forward to having a good time which is the whole point. The info you two have given on the Visa related and banking subjects have been concerning for me and now I'm not going to worry so much and really enjoy the countries I plan to visit. Man I hope that y'all are still in P E when I get there and I can maybe get to meet you.... the clock is ticking and the count down has begun..... arriving December 4, 2020.….. thanks again for your help I plan on binge re-watching y'all's videos on the plane.😁
Great advice might add not getting good medical emergency travel insurance that includes extraction from dodgy third world counties. Not having it can literally kill in my experience.
I still refer back to this video. We have watched this video several times when we get too excited about buying overseas real estate. This 10 mistake list is invaluable as a guideline to retire prudently overseas. We are renting our home out and travelling 50% of the time. I really agree with the keep the real estate in your home country - rent abroad.
Hi Dan, Great video with straight talk about the subject at hand. Everything you said makes total sense, and your passion shows you really care to help people make good decisions in there travels. Thanks much to you and Qiang Hui for the total passion in great, and helpful content. - I am back in Makati, near Ayala Mall for a few days till I catch a ride back to Vegas. Will get a note to you about Duma later. .....All the best to you both! ......CUL, VegasJim
Like what you had to say. Was considering getting Courtesy Retirement Visa out of the gate, as it does offer some nice things, and really isn't that expensive with like $1600 in a bank rather than 10k or more, and no renewal fees, But will look at it closer when it's time to retire. Can't do it at 50 sadly. I do have money saved, and house will be paid for in a few years, but really think i'm going to need SS for day to day living even there. Maybe best to rent out my house as well like you suggest. Can always come home then. Subbed. Look foreword to more!
@@VagabondAwake I am planning a move to Cambodia in 2021.... I will use as a starting base to explore Southeast Asia fully.... I really love your videos.... I do not plan to return to the USA...
I really enjoy your videos, very down to earth, exciting and very knowledgeable. I hope soon to go to many countries to slow travel when I retire and you are definitely helping me achieve a lot of knowledge.. God bless and keep up the great work!
Words of wisdom. Many Thanks for helping many people ! I am not retiree yet and no plans of leaving ph. But your recommendations contain best objectivity and best strategy !
Great informative video. You are my go to guy for accurate, sensible advice on becoming a slow traveler. We are planning on trying this lifestyle September 2022. Thanks so much and keep posting!
@@VagabondAwake By the way I am a subscriber not only to your channel, but your program too... I believe it will save me a boat load of money while traveling... I like all your research you done already, saving me a ton of work... The research is very well done, and broken down in easy budgets, and experiences too...
Great video and tips Dan... Love #6... It's a big part of the adventure. Why leave if you are going to recreate your "old" life somewhere else. Experience and enjoy the new culture. That is the very essence of the experiment.
Wow, you have answered all my questions. I'm retiring next year and I was very confused about what to download about moving overseas...you had made think twice and my decisions. Thank you. Your advise is on point.
One variation, unless you anticipate huge Capital gains in your home country, sell and invest in Blue Chip shares, even leverage share purchase to minimise tax on income from the shares. Share, especially Blue Chip, are actually better than money, because largely they accurately reflect inflation in their share price. Look at the “Price/Earnings” ratio at purchase, over the last 10 years then look at management stability.
Right on , I stumbled on travel videos during the lockdown, never thought about western food stores like we have asian food stores in the states . Thanks for all the advice, I appreciate it
Thank you for the wise thought eigo bike. I couldn't have said it better myself. And thanks for taking the time to help our business grow by commenting. When you comment, like, share, or subscribe, RUclips shows our videos to more people. So it is like you are paying me for my creative energy. So, thank you, :-) Dan
@@VagabondAwake I was gonna say (“it opens legs”) too, better than money does, (your point #8 in the don’t do list) but that would have made the quote too racy. To be frank - I like to combine what I see and learn on your video channel with the content of Andrew Henderson- Nomad Capitalist (YT) which is quite different in angle ( he talks about passports, real estate and tax rates) but of quite the same nature ultimately. Where does one want to be INSTEAD of US where we have determined we do NOT want to remain. Too many “how to live, invest, retire overseas” channels are devised and narrated by dodgy information, anonymous profile, synthetically narrated, stock photo archive screen filler, bull shit artists. Yours are genuine, bravo.
This is very good advice, Dan. I will likely follow all of your tips except one. I will store my things in my home town until I decide where I want to call home, and then I'll ship three or four boxes (maximum) to my new foreign home. Sure, I could shop for new stuff, but I'm not going to do that with everything. I won't take many clothes with me and no furniture. I'll buy new things wherever I am. 👍🏽
You are welcome Shawn McDonald. Your comment grows our channel. :-) Dan Have you seen our RUclips playlist for each country? ruclips.net/user/VagabondAwakeplaylists
We moved to Spain two years ago. I can certainly vouch for your recommendations. I love the great practical information in your videos (just watched your Nha Trang one as well).
Hi Mickey Neeley, Would you like to be a guest start on one of my videos talking about living in Sapin? Here is an example guest star video: ruclips.net/video/ySM_2jAC4v4/видео.html The video could be just your voice or we could do a zoom call showing your face. If you would like to be a guest star and share your story please leave a personal message here: vagabondbuddha.com/contact/ Thank you for your comment. The detail of your comment makes this real for other people. If you have a business or service or RUclips channel you could promote it on the video if you like. Best, Dan
This is the best video I've seen on this topic. I lived in Malaysia for 6 years and everything you talked about is spot on true. You're a good observer.
Google translate. It translates on the fly. You ask a question in one language and it translates the question to any desired language. Do the same with the response.
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vagabondbuddha.com/top-10-mistakes-international-retirees-make/
🏖 𝗥𝗲𝘁𝗶𝗿𝗲 𝗖𝗵𝗲𝗮𝗽 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗪𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲:
vagabondbuddha.com/
Let us know if you have any questions.
You’re great. I love the information and I thank you for sharing your wisdom. Wishing they would have been available back at turn of century.
This had to have been the BEST international retirement video that I have ever watched, (and I have watched many...) but none of them have applied the "commonsensical" approach that you use. Keep up the good work!
Glad you enjoyed it! They get $$ if you buy real estate. That is why there is no common sense in their recommendations.
1. Buying real estate within the first 2 years
2. Applying for a retirement visa too soon
3. Falling in love with the first country you visit
4. Shipping your stuff to the new country within the first few years
5. Putting money in a foreign bank
6. Trying to recreate your old life in the new country
7. Hanging out exclusively with expats
8. Paying for sex
9. Assuming laws and legal rights are like home
10. Shopping primarily in expat/tourist/expensive stores
Silly rabbit. Trix are for kids. Thanks for commenting. It helps our business grow. Best, Dan
Vagabond Awake 😂😂😂
I would add another to your list: 11. Make sure you really do have enough MONEY. You need more than you think...set up costs can be $4000-$5000 (first and last rent and a month in advance would eat up a lot of that, plus things for your apartment - yes, even if they say it is fully furnished!); there will be emergencies and unexpected costs that require you to have an "emergency fund" which should be about $1,500 (money you do not touch except in an emergency) like a flight home you were not expecting or a medical problem. Maybe you think $1,000 a month will be enough to 'get by', but what about if you get a girlfriend, want to try a fancy restaurant, have increasing costs as you age, or want to travel around the country? Your retirement will be absolutely miserable if you have to count every penny and can't do what you want to do to enjoy yourself. My advice...calculate your monthly cost of living...and add 25%. That should do it. Finally, something few expats really consider: INFLATION!! Sure, $1,000 may be enough in year 1....but many of these countries have relatively high inflation compared with the historically low inflation rates now being enjoyed in the US, Australia etc. $1,000 a month with just 5% inflation means you will need an additional $600 per year in year 2 just to maintain the same standard of living....what about in 5 or 10 years? No way your home government will be increasing your social security by 5% p.a.....most western governments are trying to reign in their expenses by cutting welfare payments. Money in superannuation or stocks? Let's hop[e there isn't another crash! I have seen homeless and destitute foreigners begging on the streets in Thailand and Philippines. I know of many others who are living below the standard of poor locals in the communities where they settled!! That will be you if you do not have a robust financial plan with plenty of wiggle room and a contingency plan in case it all goes pear-shaped.
Hi Paul, Thanks for adding your thoughts. I appreciate it. More money is better no matter where you live in the world.
Dan
Paul - You make a great point about having an emergency fund and more is always better, but since you as an Expat are probably getting your retirement in USD or a different Western currency, the local inflation rate doesn't necessarily hurt you as it is made up in the currency exchange. I think your math may be a bit off as even if there was 5% inflation on your $1000 a month, that would mean you would be losing about $50 in value a year making it worth $100 less after year 2, not $600...still a hefty amount. More is always better though!
@@survivingtn5034 TN actually your math is off, Paul had it right. 5% a year on 12k annually equates to $600 per year.
That's exactly what I am afraid of the inflation and now in 2023 the world is becoming ridiculously expensive 😳
Hi Dan, thank you for sharing your experiences with us. I often share my points with friends telling them” leave your stereotype at the gate when you’re boarding the plane”, “ eat and talk to the locals, don’t just stay in your resort by the pool because it’s just like staying at home with a pool”, “ be respectful, just because you are an American, it doesn’t mean you are above their country’s law”. Thank you, those are excellent advices!!
Thanks for sharing Daisy!! Your comments, likes, shares, and subscriptions help our business grow. Best, Dan
I started travelling 25 years ago and these Top 10 mistakes are so true. I have met the poor wretches that made the mistakes and bought, it really affects their lives. It can take years to sell a property. There is no race to finding your "place", enjoy the journey and eventually it becomes clear where you want to be. For me its 3 places I want to live in a year, not just one. That may change, not invested, so Im footloose and fancy free. Great video as usual, still the best traveller site going.
Love that. Footloose and fancy free.
I agree it's great Nottoway be tied to a property but eventually you will get too old to travel and you'll need to pick a place to stay.
I love the way you say it, that it is not a race to find your place. To be honest, end of next year I will retire and it feels like a race to me because I am so afraid visa requirements might change and that moneywise I will be stuck in cold and rainy and expensive Netherlands if I don't hurry and find my new cheaper, nice and hot and friendly new home quickly?
Excellent advice. I couldn't agree more. I would add be open to NOT retiring in any one place. You can spend your time moving from one place and/or country to another and do this for decades! I didn't think I'd like that kind of instability, but now I've tried it, I do. It's very freeing and exciting.
You sound like me Metal. Can I interview you so people know I am not alone. Send me your contact info here if you are okay with that. Please include "Metal Guru" in your message so I know it is you. vagabondbuddha.com/contact/
I agree.
How do you manage work the different visas and requirements? Does it mean you me have f.e. 5 different retirement visas? I am thinking of that concept too because I love to travel and live to interact with different cultures but I don't know how to go about living "out of my suitcase ". Thank for any advice. (I have about €2000 to spend per month)
@@olgashudofsky2830 That income would allow you to live in many countries reasonably comfortably. You don't need ANY retirement visas. They are often very complex and expensive - -if you can even get them at all. Simply chose countries where you can stay for many, many months as a tourist. For example, you can do this for 3 years in the Philippines and indefinitely in Cambodia. They won't care where you get your money from, as long as you're not doing business in the country.
Points very well thought out. Excellent. Thank you. I used to advise international assignees, and they often made those mistakes. Two pairs of examples (fake names): 1. Midwest US to Paris: John insisted on a 3 bed room, 2 bath, 2 car garage and ended up spending over $10,000 (current prices) per month for the house and car, and a 30-45 minute driving commute; he and his wife remained unhappy. Arny went local with a top floor 1,200 s.f. apartment with large patio, across from park, 2 blocks from the RER, 12 minutes ride and 1 block walk to the office, all for under $2,000 per month; he and his wife loved it. Example 2: Japanese to US & vice-versa: same company gave cost of living differential each direction of nearly 100% of salary; all were unhappy.
Thank you International Tax! Thanks for watching and commenting. :-) Dan
Do you have my free eBook yet? That is here: vagabondbuddha.com/fire-your-boss-travel-world/
Agree completely with your assessments, having been to over 50 countries you made some valid points, but everyone is different.
We all have needs that make our life worth living and sometimes it takes making our own mistakes to learn and go forward.
Iam 67 and am now experiencing and enjoying travelling than ever before and as long I can keep fit and healthy I hope to continue!
So true. Life is ultimately about learning. I have made many of these mistakes myself ... that is why I know.
Great advice. Travel is my life, expat in SE Asia for 15 years, switching to Europe next year, so damn glad I never bought land or a car or invested in foreign businesses.
Great video and advice, I have traveled abroad to many countries and could well afford to make the move abroad but am 67 .... # 11 recommendation I would add is don’t fall in love with the first woman you meet....
Yes, Pau, #11. If you have only dated women from your home country before ... you have no data point for whatever country you arrived. Take your time and get to know the Rhythms of a new culture before narrowing in on the perfect girl. You may get lucky soon, but that is not likely. Best, Dan
GREAT ADVICE! Especially, sell all your stuff, then move, and buy new stuff. Don't store it. You may pay more for the storage unit in a year, than it costs to buy brand new furniture in your new country.
You are so right. Everyone looking at overseas retirement should see this.
True. Many of the retire cheap in paradise gurus are pushing real estate too soon to make money. It is a conflict of interest.
Was thinking the same thing .....a must watch....
These are things I know from being a World Traveler myself but it’s always good to revisit these subjects each and every time you move to a new Country. Thanks Dan for the reminders. By the way, I have made many of the mistakes you mentioned over the years! LOL!
Me too Steven. That is how I know. :-)
I would even leave the checked bag out of it. A small carry on day pack a dual SIM cell phone and some all terrain sandals and go. All clothing and other things are cheaper there. Also Western clothing and things will present you as rich to locals and more of a target. Buy local style clothing when you get there.
Very good advice Keith. And no jewelry or expensive watches.
EXACTLY!
Your comment bout it not being new nailed it. That’s exactly how I feel bout my home country.
Renting is also really cheap in a lot of countries so I agree with what you’re saying.
Yes, cheap and easy to rent in most of these retire cheap in paradise countries.
your best advice ever- do not buy for years. people vacation somewhere and do not realize living and vacationing are very different things. I lived for 3 years in Honduras, hope to do the same in Guatemala, but no matter how much I love my life there- not buying. actually , after I retire, may not buy anywhere :)
So true. :-)
TOTALLY AGREED! Also, instead of moving to one place, just move around and enjoy more places, exactly like what Dan (Vagabond Buddha) is doing and enjoy a variety of places.
Thank you for the wise thought Yanni P. I couldn't have said it better myself. Life is too short to sleep in the same bed for 5 years. And thanks for taking the time to help our business grow by commenting. When you comment, like, share, or subscribe, RUclips shows our videos to more people. So it is like you are paying me for my creative energy. So, thank you, :-) Dan
@@VagabondAwake YOU are THE BEST, Dan!
Dan This Is Your Best Video!! Every point is so true!! You nailed it!!
Thanks Dave. And thanks for commenting. That helps our business. Dan
I agree. Best video yet.
Well said Dan. We tend to get bogged down in our familiar routines. Get out and explore the world. It’s a big place.
Thanks Jay. It has made my life interesting. The past is the past but I feel more alive when I experience the world.
Excellent video. Just considering traveling for the first time at 66. Really eating up your content! Thank you!!
Dan, wonderful advise. However, it appears that most moving to Mexico (for example) are those who have retired with a significant amount of money or those who have an excellent income working on the Internet. Money does not seem to be a concern for them and they seem to "bring the US/Canada with them" (so to speak). They basically hang out with a few expats like themselves and appear fine with that. They have everything they want( they buy at the expats stores and eat expat meals at the restaurants that cater to them) and even though they tout their "Mexican friends", they are basically no more than speaking to a neighbor sometimes, or talking to their servants. They constantly complain about corruption, lack of street repairs, etc. They tout how safe everywhere is, yet they live in a gated community. They "break" all of your "top 10".
That is what I mean in some of my videos when I say that money can separate you from a soul warming intimacy available to you if you integrate with the locals.
The Best advice I have heard on RUclips....Everybody should adhere to this advice..
Excellent advise. Most of the things you talked about I was aware of as In the past I have visited over 30 countries because I had a job requiring overseas travel for quite a few years. More recently I have been to the Philippines several times just before covid, and I will return when I get things sorted out here in the U.S. While in the military I spent four years in Japan and thought about retiring there, but modern Japan is not like the Japan I remember. In the U.S. my favorite place to live is Hawaii, but it has become too expensive for most retirees, including me. Keep up the good work.
I've travelled a bit - quite the nice and honest video..
Thanks Gecko. And thanks for commenting. That helps our business grow. Dan
Great advise!! Thanks for the reality check. Spoken like a well traveled Man.
Thanks Yoyo. And thanks for commenting. That helps our business. Dan
Vagabond Awake absolutely!👍🏿
This is uber informative for me: I would have made a bunch of mistakes in my search for a retirement locale had you not posted this video. Much thanks.
Excellent advice Dan. Thanks.
Thank you Ken. Much of it learned making my own mistakes and watching others make mistakes. And thanks for commenting ... it helps our videos get more views. Dan
Great tips!! Thanks Dan.
Thanks Herbert. It was fun making the list of top 10. I almost didn't put number 8 in there.
In Phillipines, the pork turns up so much everywhere and I do not eat pork so I used to go to their chicken chain Mang Inasal or eat McDonalds Fish Filet Sandwich which were both inexpensive.
Yes, both of those chain restaurants are more expensive. try having the chicken or fish in the family owned restaurants at the central locals market at most any town in the Philippines.
You know your stuff Dan, spot on...a great video, thanks
Thank you Mark. I appreciate that you took the time t comment. Take care, Dan
Hey Dan you nailed it my friend. Just super solid advice. If you are a couple, I hope you will listen to what Dan has passed along. Hopefully you will both be in harmony and agreement with these things.
One other thing, is to get on social media and look up expats in your target area. Talk to them. Get their input. Ask them for the good, the bad, and the ugly. Even though their assessment will be their personal views, ask lots of questions and listen to all the input you can. Learn from their successes and their mistakes. This will save you time and money and keep you enjoying your experiences. Most of us have time to spare as retired people. Find a way to give to the community, by sharing your time and skill sets. In Chapala there is a carpenter shop that expats built and equipped. They teach local high school kids how to make furniture and stuff, at no charge. We all have skills we can share with others. And trust me, they will appreciate your kindness.
just some things that slipped in there Dan. Moving to another country is not an easy experience. But you can smooth out a lot of pot holes, by following this great advice. - L
I just went to India for the first time and relate to your advice so well. Some of your comments reminds me of westerners doing travel videos in a unique country surrounded by an interesting new culture and then going to KFC, Pizza Hut or McDonald's.
I am so happy that i found your channel. Thank you!
You are so welcome!
On bags, travel with a carry-on, buy local clothing, it’s cheap and usually you can get favourite clothing tailor made, take old favourites to a tailor, pick the fabric and in 2 days you will have brand new.
Great advice, thanks for sharing! The thing that resonated with me is don't rush into anything, take your time. I'm an American living and working overseas as an English teacher. This is my 10th year abroad in Korea and I really like the lifestyle. I often think about how to plan for my future. Thankfully I get 4 months off a year to travel, and have been to many of the countries you talk about. One of the things I always ask myself when I visit a country is, could I live here full-time? For me many places that seem like paradise at first can get boring after a month or two. So yes definitely get a feel for a place over a longer period of time before you make any major decisions like buying real-estate. Relax and enjoy your time. Visit many places and it will become clear what is the best fit for you.
Great advice. Would you like to share your story with my audience Cole? Many people have asked about teaching English overseas. If you would like to share your story please leave a personal message here:
vagabondbuddha.com/contact/
Thank you for your comment. The detail of your comment makes this real for other people.
Best, Dan
I love listening to your 10 rules, it helped us to realized that we were planning all wrong, we will try to follow these advice, thanks and take care🤔👌
Great. Let me know if I should add any rules. :-)
Hi Dan, Great Video, one of the best of yours that I have seen. I’m still dreaming of the day when I hand hang up my boots and enjoy the learning and experiences of seeing the world in retirement. Thank you!
Thank you Darrin Chiasson! Thanks for watching and commenting. :-) Dan
Thank you Dan!
Solid tips! 100% agree! 👍
Thank you!
Excellent factual information! Thank you!
Love it. Another great video!
Thank you Dr. Pearson. It was a last minute idea. Sometimes I forget how much I have learned being outside the USA for 13 years.
Great advice Dan as always. I’ve heard locals in several countries saying that tourists and ex pat retirees leave their common sense on the plane and do things in the foreign country they’d never do at home! This is a list of some of those mistakes and hopefully your wisdom and experience will save many 😭 tears!
Thanks Mio!
Damn Dan, Not quite the 10 Commandments, but certainly good advice, and told straight... Just like a good father would tell his son... Oooops, Just realize I had watch and commented on this already... I guess I needed a refresher and had to hear it again...
Thank you T.D. PHILLIPS! Thanks for watching and commenting. :-) Dan
Super helpful advice! Thank you.
Thank you Robin Dorrell! Thanks for watching and commenting. :-) Dan
The 10 tips make perfect sense and are summarised at the end of the vid.
Thanks Peter.
Best practical advise I’ve seen on your tube in a while. Much better than some other you tubers that are too euphoric cause the only been there a few months and then want everyone to move there.
Yes. It takes a few years to really know if a place is right for you.
Thanks to Dan, we are going to start with Mexico. We had excluded it in our search due to danger…we thought. 2 1/2 years until retirement and we have 5 senior dogs, so we will drive them down to live in Mexico and when they are gone we will start slow traveling. We hope to slow travel Mexico too but also Lake Atitlan, Antigua, San Juan del Sur, Esteli, and work our way down thru Colombia, Ecuador, and Peru.
Maybe even do afew years in SE Asia !
Counting down the days….crawling to the retirement finish line. 😉
Many men move to SE Asia for this reason.
Absolutely! Great advice! I've lived in southern Mexico for 8 months now. I chose a great area as a "home base" and I have a great space for cheap! My plan is to travel slow. I want to see as much as possible. There's much to explore here in Mexico!
Exactly. Mexico is amazing!
What city did you find best as a home base? I'm currently living in California and looking to retire to slow travel myself in a couple of years. Thank you for your reply..
@@VagabondAwake Absolutely! I slow traveled to Playa del Carmen and loved it. So much to explore!
Honest and to the point. Thanks!
Wow. This is the most honest, realistic and wise advice on retiring in Asia. I was a Malaysian and have been considering retirement in Malaysia and applying for the mm2h program when the time comes. Prob I should just dip my toes here and there without making a commitment.
Chien, They just raised the income requirements on the MM2H program. But the Sarawak gov't still has the lower requirements. I need to check to see if I can get the Sarawak visa and live on the mainland. That would be a no brainer. But I am still years away from parking my butt in one spot. I enjoy the slow traveling too much. :-) Dan
Far out video Dan!!!!..... Brother you have really put my mind at ease.I have been researching my travel plans intensely for about a year. Thanks to your videos I can be not as apprehensive yet vigilant and now I'm actually looking forward to having a good time which is the whole point. The info you two have given on the Visa related and banking subjects have been concerning for me and now I'm not going to worry so much and really enjoy the countries I plan to visit. Man I hope that y'all are still in P E when I get there and I can maybe get to meet you.... the clock is ticking and the count down has begun..... arriving December 4, 2020.….. thanks again for your help I plan on binge re-watching y'all's videos on the plane.😁
Thanks for the vote of confidence Brain. Let is know how it goes. Maybe you'll be a guest star in a few years. :-)
im late to this, but what a great outlook on the subject. thanks
Glad you enjoyed it!
Great advice might add not getting good medical emergency travel insurance that includes extraction from dodgy third world counties. Not having it can literally kill in my experience.
Good point.
I still refer back to this video. We have watched this video several times when we get too excited about buying overseas real estate. This 10 mistake list is invaluable as a guideline to retire prudently overseas. We are renting our home out and travelling 50% of the time. I really agree with the keep the real estate in your home country - rent abroad.
Hi Dan, Great video with straight talk about the subject at hand. Everything you said makes total sense, and your passion shows you really care to help people make good decisions in there travels. Thanks much to you and Qiang Hui for the total passion in great, and helpful content. - I am back in Makati, near Ayala Mall for a few days till I catch a ride back to Vegas. Will get a note to you about Duma later. .....All the best to you both! ......CUL, VegasJim
Like what you had to say. Was considering getting Courtesy Retirement Visa out of the gate, as it does offer some nice things, and really isn't that expensive with like $1600 in a bank rather than 10k or more, and no renewal fees, But will look at it closer when it's time to retire. Can't do it at 50 sadly. I do have money saved, and house will be paid for in a few years, but really think i'm going to need SS for day to day living even there. Maybe best to rent out my house as well like you suggest. Can always come home then. Subbed. Look foreword to more!
Thanks Roger!
Thanks very very much!😎👍
You are welcome Pat. And thanks for commenting. That helps our business. Dan
@@VagabondAwake I am planning a move to Cambodia in 2021.... I will use as a starting base to explore Southeast Asia fully.... I really love your videos.... I do not plan to return to the USA...
I really enjoy your videos, very down to earth, exciting and very knowledgeable. I hope soon to go to many countries to slow travel when I retire and you are definitely helping me achieve a lot of knowledge.. God bless and keep up the great work!
Have fun!
Agree completely Dan .
Thank you Mike Mikie! Thanks for watching and commenting. :-) Dan
Thank you, Dan.
Hi Heather, thanks for touching base. :-) Dan
ANOTHER GREAT VIDEO! THANK YOU
Words of wisdom. Many Thanks for helping many people !
I am not retiree yet and no plans of leaving ph.
But your recommendations contain best objectivity and best strategy !
So nice of you
Great informative video. You are my go to guy for accurate, sensible advice on becoming a slow traveler. We are planning on trying this lifestyle September 2022. Thanks so much and keep posting!
I am excited for you!
Really enjoyed and learned some new retirement mistakes, thanks and new subscriber!
Thanks for the sub!
This is by far the most informative video I’ve seen by anybody. Great advice!
Glad it was helpful!
Damn straight Dan you hit a Home Run you are so right about all 10... These were my thought exactly, I even like the order you put them in...
Thanks TD. Glad to hear.
@@VagabondAwake By the way I am a subscriber not only to your channel, but your program too...
I believe it will save me a boat load of money while traveling... I like all your research you done already, saving me a ton of work...
The research is very well done, and broken down in easy budgets, and experiences too...
Great advice. My fear is the cost of air fare travelling all around on retirement income.
Yes. It is a valid fear. Only time will tell. :-)
Good advice.
Glad you think so!
This is the BEST Informative video on retirement tips.I'm so happy i saw this.
Glad it was helpful! Just trying to save people's time and money. Thanks for commenting you are making our business grow. Best, Dan
Great video and tips Dan... Love #6... It's a big part of the adventure. Why leave if you are going to recreate your "old" life somewhere else. Experience and enjoy the new culture. That is the very essence of the experiment.
Exactly!
Wow, you have answered all my questions. I'm retiring next year and I was very confused about what to download about moving overseas...you had made think twice and my decisions. Thank you. Your advise is on point.
You are so welcome!
One variation, unless you anticipate huge Capital gains in your home country, sell and invest in Blue Chip shares, even leverage share purchase to minimise tax on income from the shares. Share, especially Blue Chip, are actually better than money, because largely they accurately reflect inflation in their share price. Look at the “Price/Earnings” ratio at purchase, over the last 10 years then look at management stability.
Right on , I stumbled on travel videos during the lockdown, never thought about western food stores like we have asian food stores in the states .
Thanks for all the advice, I appreciate it
Welcome aboard!
Authentic. It opens doors, open conversations, opens relationships.
Thank you for the wise thought eigo bike. I couldn't have said it better myself. And thanks for taking the time to help our business grow by commenting. When you comment, like, share, or subscribe, RUclips shows our videos to more people. So it is like you are paying me for my creative energy. So, thank you, :-) Dan
@@VagabondAwake I was gonna say (“it opens legs”) too, better than money does, (your point #8 in the don’t do list) but that would have made the quote too racy. To be frank - I like to combine what I see and learn on your video channel with the content of Andrew Henderson- Nomad Capitalist (YT) which is quite different in angle ( he talks about passports, real estate and tax rates) but of quite the same nature ultimately. Where does one want to be INSTEAD of US where we have determined we do NOT want to remain. Too many “how to live, invest, retire overseas” channels are devised and narrated by dodgy information, anonymous profile, synthetically narrated, stock photo archive screen filler, bull shit artists. Yours are genuine, bravo.
Thanks Dan !❤
Love the passion and the great advice Dan. Stay safe and keep posting Friend.
Thanks, will do!
Totally on point!!
Thanks POF. I don't want to waste anyone's time. That is ultimately all we have, yes? Thanks for commenting. Dan
This is very good advice, Dan. I will likely follow all of your tips except one. I will store my things in my home town until I decide where I want to call home, and then I'll ship three or four boxes (maximum) to my new foreign home. Sure, I could shop for new stuff, but I'm not going to do that with everything. I won't take many clothes with me and no furniture. I'll buy new things wherever I am. 👍🏽
Sounds like you have things under control Terry. Let us know how it goes. :-)
Thank you!
You're welcome!
I don't think anyone does what you do on your channel any better than you. It's truly a 🎁
Thank you 👏🏻❤️
Wow, thank you!
In your reports, you left off a gem; Uruguay.
It is on the list. Maybe later this year.
Like your sincere suggestions will implement on all thanks
That all sounds like great advice. Thank you!
Glad it was helpful!
Dan, you are the Man on slow travel! Thank you and Hobo for all the great information and exciting videos!
Our pleasure Greg. Thanks for being there! :-)
Thank you Dan
You are welcome Shawn McDonald. Your comment grows our channel. :-) Dan
Have you seen our RUclips playlist for each country? ruclips.net/user/VagabondAwakeplaylists
Great info. Very helpful 👍👍
Thanks Penny and JT. And thanks for commenting. That helps our youtube rankings. Dan
I really liked this vlog and your intensity. Good job 👍 Great food for thought... you rock!
Thanks for watching
Correct advice!
Good advice! Keep making videos. They're a delight and informative to boot.
Much appreciated!
How do you overcome language barriers in these different countries
There are English speakers all over the world now. Not really an issue. Plus, google translate will translate into any language if you get in a jam.
Thank ya'll!
You are welcome!
Great advice. Thank you, Dan.
Glad it was helpful!
Great video, Dan. Thank you.
My pleasure!
Good advice
Thank you YT. :-) Dan
Really appreciate your honest advice, thanks so much!🕉☯️☮️
You are so welcome! Thank you Brian James! Have a great day. :-) Dan
Such good advice…
We moved to Spain two years ago. I can certainly vouch for your recommendations. I love the great practical information in your videos (just watched your Nha Trang one as well).
Great to hear!
Hi Mickey Neeley, Would you like to be a guest start on one of my videos talking about living in Sapin?
Here is an example guest star video:
ruclips.net/video/ySM_2jAC4v4/видео.html
The video could be just your voice or we could do a zoom call showing your face.
If you would like to be a guest star and share your story please leave a personal message here:
vagabondbuddha.com/contact/
Thank you for your comment. The detail of your comment makes this real for other people. If you have a business or service or RUclips channel you could promote it on the video if you like.
Best, Dan
@@VagabondAwake You bet. I'll send my contact info via the contact form on your web site.
This is the best video I've seen on this topic. I lived in Malaysia for 6 years and everything you talked about is spot on true. You're a good observer.
Yes, it could save people some time if they think about a few of these. :-)
Excellent advices but one thing you missed , how do you deal with language barriers in differing countries ?
Google translate. It translates on the fly. You ask a question in one language and it translates the question to any desired language. Do the same with the response.
This is your best video. I agreed with every point you made.
Glad you enjoyed