Early retirement for intelligent expats abroad

According to several news organizations such as USA Today and CNN Money, along with government departments like the Department of Labor, the U.S. cost of living is around $60,000 per year for the average household, which usually constitutes two working adults. The salary of two adults in the U.S. is around $52,000 a year, or $26,000 per person after taxation, which means most individuals are $8,000 short of their real expenses per year when it comes to their salary. This is why so many people are living on credit.

The reality for most average Americans is that they are $300,000 in debt by the time they reach the age of 30. This is the combined debt between school loans, a vehicle and a mortgage on a house. And each year the cost of school loans is actually rising, thereby forcing people into a never ending cycle of debt where their only hopes of ever paying off the government is to spend the next 50 years of their lives working to pay off that debt.

For this reason, there are more and more people every single year choosing to leave the United States behind and transfer abroad to countries like Bulgaria, Greece, Colombia and Mexico because the cost of living in these countries is significantly less. Where it costs $60,000 a year to provide for a family in the United States, most other countries outside of the US only cost around $15-$20,000 per year for the same standards of living.

In the United States it costs around $225,000 to buy a three-bedroom home. In South America the same size house averages around $30,000. This $200,000 price difference is one of the leading reasons so many expats are choosing to live abroad because they can go to another country and take that $200,000 to fund an early retirement rather than spend it on an obscene cost of living. Or they can put their children through a better school, or pay for a better university education, or invest the money.

The ability to start putting $30,000 a year back into the bank account rather than spending it on a ridiculous cost of living is grade school mathematics that a child can understand, and it\’s the reason why so many people are choosing to live abroad as expats. When a person can take their median salary and start putting that much money every year to the bank, they can start seeing returns in as little as two or three years rather than spending 40 years chained to a desk as a wage slave.

You can retire early through international investments is the least of your new-found freedoms when you start living the expat lifestyle in cities and countries such as Bulgaria or Mexico.

Early retirement for intelligent expats abroad