Geoarbitrage

What’s It REALLY Like to Live in a Foreign Country?

We’ve now been living in a foreign country for six months.  If you’re not familiar, we moved to Panama in August of 2019. We had visited the country in the summer of 2017 as a sort of recon mission along with my brother and sister-in-law.  Don’t worry, we had plenty of fun while there, but the real goal was to determine if we could see ourselves actually living there. The cities we scoped out included Nueva Gorgona, Coronado, El Valle …

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Our First Visit to the Dentist in Panama Was… Different

Last week we made our first visit to the dentist in Panama.  I had been looking forward to it for a while now because I’m always intrigued just to see the differences from what I’m used to in the United States. I was told that going to the dentist here is a lot like being waterboarded.  Thankfully, I’d never experienced anything like that before but somehow that actually intrigued me more.  Curiosity killed the cat though, right? Even though we …

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What's Up Next? - Geoarbitrage Podcast

Somehow I Got Asked Back on “What’s Up Next?”

Somehow I was able to get invited back on the “What’s Up Next?” podcast… who’da thunk it?! You’d think after Doc G and Paul Thompson had me on their “What’s Up Next?” show the first time around, they would’ve learned their lesson.  Not so much! To top it off, they invited my better half to be a part of it – maybe they were thinking that through the law of averages, Lisa could help bring me up a little more. …

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Uh-Oh… Our Retirement Expenses Are Higher than Expected

Retirement expenses are a tough one to plan for in life. You can budget for what you think your expenses will be, but you really don’t know if they’ll be more or less.  The biggest reason is that your life will likely be dramatically different at the time. This is probably even more on par the younger you are when you leave the workforce because you’re likely not going to be resting on your laurels.  Not only would you be …

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The What-Ifs of Moving to a Different Country

Recently, my friend Lisa from the Mad Money Monster blog wrote about the “what ifs” on moving to a different country.  It was appropriately titled The What Ifs of International Geoarbitrage And Early Retirement. There’s a lot of talk on the Internet, particularly in the personal finance community, about the idea of geoarbitrage.  That’s the strategy of moving to another location, domestic or abroad, to take advantage of the lower cost-of-living and move ahead financially or possibly retire early. It …

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Book Review: Choose FI: Your Blueprint to Financial Independence

Choose FI: Your Blueprint to Financial Independence

I don’t normally write book reviews on this blog, but I’m making an exception for the new Choose FI book.  I was expecting my opinion to sway one way with the book but my impression after reading it went in a completely different direction. Chris Mamula is the author of Choose FI: Your Blueprint to Financial Independence (along with coauthors Brad Barrett and Jonathan Mendonsa).  If you’re not familiar with Chris, he retired in 2017 at the young age of …

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Boquete, Panama Places to Live… We Found a Rental!

Looking at places to live in Panama is kind of an adventure.  There are a lot of nuances you need to be aware of or you could end up very unhappy. For instance, if you don’t know to ask, you could get a place that has what they lovingly refer to as “suicide showers” here.  And by that, they mean that it doesn’t have hot water! A lot of the local Panamanians here are used to that and that’s just …

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Guest Appearance on the ChooseFI Podcast

Guest Appearance on the ChooseFI Podcast

I’ve been wanting to be a part of the ChooseFI podcast shortly after it began.  Jonathan and Brad launched the show at the end of 2016 and quickly took the FIRE community by storm! It’s a fantastic podcast helping to discuss the path to financial independence.  They bring on various guests to examine different aspects and strategies of reaching FI. What’s really great though is that they also focus quite a bit on enjoying the journey along the way.  I …

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Using Google Voice to Stay in Touch While Living Abroad

Using Google Voice to Stay in Touch While Living Abroad

Ever heard of Google Voice?  If not, know that this could be one of the best ways of staying in touch with family and friends while you’re living abroad. One of the small concerns we had was how to keep communication simple with everyone while we’re living in Panama.  When we get there, we’re going to get Panamanian cell service for our phones. The problem is that gives us a Panamanian phone number.  So if we call anyone in the …

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The Minutiae of Moving to Another Country

The Minutiae of Moving to Another Country

Minutiae.  It’s such a funny word. It makes me chuckle just saying it, so I thought it would be perfect for what I want to talk about today. We’re learning pretty quickly that when you want to move to another country, you can’t just pick up and leave.  There’s a lot of minutiae that will need to be ironed out in the planning. See, wasn’t that was fun to read that word again?  Minutiae. Anyway, I thought I’d take some …

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