Would you move to another country to get ahead financially? I’ve read about an increase in retirees moving to other countries to live better on less. Those just starting their careers are taking advantage of the same thing – to pay off debt faster.
While doing research for an article on this very topic, I crossed paths with three fiscal adventurers who found financial freedom on foreign soil. They left their homes, some for a time – others permanently, and figured out how to save more, invest more, and pay off more debt faster in countries that have a lower cost of living.
Today’s podcast wasn’t originally intended for public consumption. I record interviews (with permission) for note taking purposes. However, my article only touched a mere fraction of the wonderful nuggets these folks had to share.
I couldn’t just delete the interviews.
So even though the quality is not the best and you can hear my kiddos playing in the background (I usually record the podcasts during nap times for this reason), I had to share.
I’m so intrigued by this idea that I’m thinking of trying it – on a very short term basis – next year. So I’ll keep you posted.
In the meantime, if you’re drowning in debt and have the flexibility or want a little adventure – you’ll want to tune in and check out the strategies these guests talked about on this episode of the Midday Money Show.
We follow up on a discussion I had with a suitcase entrepreneur who dumped $22,000 in one year while living overseas.
We talked about:
“You need to live like a local.” ~ Charlotte Edwards
“We’re able to save so much here that we can pretty much do what we want. It’s such a great opportunity living overseas.” ~ Joseph Hogue