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I dropped out and retired at 31 to a third world country. I'm going to study whatever I'm interested in while the economy sorts itself out. I may never re-enter
by researcher11 10y ago
I dropped out and retired at 31 to a third world country. I'm going to study whatever I'm interested in while the economy sorts itself out. I may never re-enter the job maket. I'm ok with that. I'm not rich but it's really cheap here. I don't want to be forced into a rental market or stock market. The jobs don't pay enough and the margins are too thin. The risk is too high and all of my statistical modeling is telling me that the debt fueled market ends in tears. Good luck with that. Count me out. Don't blame me if you can't find someone to help you build software.
- bronz 10y agowhats the best country to retire in the way you have?
- researcher11 10y agoI'm in rual Panama. It's probably the best for tax and lifestyle reasons.
- acover 10y agoHow do you deal with citizenship/visas?
- researcher11 10y agoWith lawyers. It cost me $8K and took 6 months. $3K of that was for a company and bank account.
- Tepix 10y agoIf you want to buy something from the US (perhaps a new computer), is it difficult and expensive to get stuff sent there?
- proudofyou 10y agoHow much did you save before you retired?
- researcher11 10y agoI have a $20K passive income of and living expenses of $10K. My hobbies are really cheap and centered around building skills. Programming / construction / sports. I do miss my friends in SF though. That's the biggest downside. I've been trying to encourage more to come down.
- mozumder 10y agoThat still seems expensive. You can get by with that much in rural areas of the US or Detroit.
- corin_ 10y agoHe's choosing to retire, so why not live beyond "getting by" if he can afford it and is happy to live where he can afford it?
- Tepix 10y agoHe didn't say if it's per month or per year.
- researcher11 10y agoIt's per year. Panama is more expensive than many areas of the US but the lifestyle is subjectively better. Plus you don't go broke trying to pay for medical coverage or treatment. And there is no tax on foreign sources of income.
- proudofyou 10y ago20Kpa?