• 55 and ready to quit the rat race

    General
    4
    0 Votes
    4 Posts
    508 Views

    Hi Laura, My name is David Hammond. I moved from the U.S. to Uruguay 19 years ago when I was 46. I had a good net worth, but did not have a regular passive income. I learned that Uruguay and many other countries in Latin America won't consider a residency applicant's net worth--only their monthly income.

    However, the regular income does not need to be social security or a pension. In several countries, it can be any form of regular monthly income. What many do (and what I did) is to invest their savings so that it produces a monthly income that can be used as proof of monthly income, such as rent income, dividends, etc.

    If that doesn't make sense for you, here are a couple of other strategies to consider:

    I've met many people who got a job teaching English in order to move abroad. It provides you with a visa to live in a country without a passive monthly income. It will enable you to earn some money and also to develop a social circle right off the bat. From what I understand, you can get a TEFL certificate at an online school in a matter of months. And in many places native English speakers are in demand.

    I've also met several expats who enjoy a roaming life abroad--without needing a foreign residency. In many countries one can stay as a tourist for 90 days. And for a small fee extend one's stay for another 90 days--for a total of 180 days. People who do this might stay in one country for 5.5 months, another for 5.5 months, and then travel for a month.

    Good luck to you!

  • San Miguel de Allende

    Mexico
    2
    0 Votes
    2 Posts
    238 Views

    Hi Duke, San Miguel de Allende is a beautiful city with hundreds of restaurants and places to stay. It is quite hilly so what I found best is to choose a place within walking distance of the city centre, then walk into town (downhill) and either grab a local bus for 8 pesos ($0.40) , or a taxi for around 20 - 40 pesos ($1-$2) back at the end of the day.
    As for cafes/restaurants, there is a restaurant called Hecho en Mexico (made in Mexico) which is very popular with expats so if you go there you'll probably make friends with some people alreaday living there. I also love the Panio bakeries .. they are amazing!
    Hope you have a wonderful trip.
    Bel Woodhouse - Mexico Correspondent.

  • PANAMA BOOTCAMP Feb 7 - 9

    Panama
    1
    0 Votes
    1 Posts
    59 Views
    No one has replied
  • Costa Rica security downgrade

    Costa Rica
    6
    8 Votes
    6 Posts
    1k Views

    Thank you for your replies Much appreciated
    Julianne in LA

  • 0 Votes
    1 Posts
    127 Views
    No one has replied