The What-Ifs of Moving to a Different Country

16 Comments / Geoarbitrage, Financial Independence / Retire Early (FIRE), Panama / /

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 […]

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The Biggest Secret the Library Offers to Enrich Your Life

The Biggest Secret the Library Offers to Enrich Your Life

18 Comments / Education, Motivation / /

Oh, the times they are a-changin’.  I don’t think Bob Dylan was talking about the library in his early ’60s song, but boy oh boy, libraries are much different than they were when I was a kid. Of course, you have the obvious stuff like digital card catalogs and the ability to use the computers if you need Internet access.  Heck, I even used them over the past year during those unusual times I needed to print something (I haven’t

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One of the Absolute Best Facets of Early Retirement

19 Comments / Financial Independence / Retire Early (FIRE), Life in Early Retirement, Motivation / /

A lot of you have been following FIRE (financial independence, retire early) blogs as you continue down your own path toward financial freedom.  And the numbers to reach FI (financial independence) are important, but what about the early retirement side of things? Some of you will continue to work and just want FI to ensure a secure retirement.  If you love what you do, that’s the best scenario you can have.  Congratulations! But others of you want to get out

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10 Reasons Not to Live in Panama

10 Reasons Not to Live in Panama

52 Comments / Panama, Life in Early Retirement / /

Life’s not all a bed of roses here in Boquete.  I thought today that I’d share some reasons not to live in Panama. So far, living here has been a wonderful experience for me and my family.  It definitely was an adjustment (and still is occasionally), but just being a part of a life that’s so different than we’re accustomed to is both interesting and amazing. A couple of weeks ago, I talked about The 7 Reasons I Love Living in

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This Bad-@#$ Expenses Spreadsheet is My Gift to You

This Bad-@#$ Expenses Spreadsheet is My Gift to You

16 Comments / Spending, Debt, Saving / /

I’m super excited about a new expenses spreadsheet I’ve been working on that I think you’re gonna love. And this ain’t just any old expenses spreadsheet – it’s focused on your recurring expenses. If you’re like me, you’re familiar with those times when you make a big purchase and have buyer’s remorse shortly after.  It happens. But those are the easy cases – it’s a one-time purchase and it’s staring you right in the face. The tougher problems to solve

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The 7 Reasons I Love Living in Panama as an Expat

The 7 Reasons I Love Living in Panama as an Expat

19 Comments / Panama, Life in Early Retirement / /

I’ve been living in Panama as an expat for a little over a month and a half now.  And what a truly awesome experience it’s been so far for me and my family. The first couple of weeks were like a vacation.  Most of our time was consumed with exploring and having fun.  We spent our days eating out, shopping (ok, mostly just browsing!), and doing fun activities like whale watching. Starting at the beginning of September, we began to

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Book Review: Choose FI: Your Blueprint to Financial Independence

Choose FI: Your Blueprint to Financial Independence

2 Comments / Product and Service Reviews, Debt, Education, Financial Independence / Retire Early (FIRE), Geoarbitrage, Investments, Real Estate, Saving, Self-Employment, Spending, Taxes and Financial Planning / /

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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Solving the World’s Problems… Starting with Mine!

20 Comments / Panama, Spending / /

When it comes to solving the world’s problems, I’m the man.  I’ve got it all handled.  Call me “Mr. Fix-It”! Ok, maybe that’s far from true.  I’m not solving the world’s problems at all.  In fact, I sometimes struggle to handle my own problems. But, I’m good at adapting and actually enjoy change.  I have an engineer’s/programmer’s mindset and like to logically find an optimal solution to problems. And now that we’re living in Panama, I get to push my

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Do Low and Negative Interest Rates Scare You?

12 Comments / Saving, Investments / /

A couple of weeks ago, I brought up the idea of negative interest rates with my nine-year-old daughter, Faith. Yes, this might be something a little weird to talk about with your kid, but it piggy-backed off of our personal finance class during homeschooling.  And of course, I kept it pretty high-level. I had kept it simple talking about how banks pay interest to people who store their money there.  The banks then take that money and loan it out

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Our First Week of Homeschooling in Panama

Our First Week of Homeschooling in Panama

21 Comments / Education, Kids, Panama / /

We’ve been preparing for our move to Panama for over a year now.  When we decided to move, we knew we were going to be homeschooling for at least the first year we’re here. Immediately, I started researching homeschooling and have been trying to figure out this new world.  There are so many different philosophies and strategies on how to homeschool that I wrote about previously in my post, Homeschooling Research… Aarrgghh!!!!. I quickly realized this was going to be

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