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#1
02-13-2009, 03:12 AM
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Where In World To Live When You Have Passive Income?
I've been working hard to generate a passive income. Fortunately even thought my income isn't 100% passive yet, it IS 100% free of geographic requirements / ties. I've been able to accomplish this in large part due to my utilization of outsourcing work to virtual assistants.
In a nutshell I can live anywhere in the world and my income will remain the same. So, here is the question: Where should I live? I'm open to living anywhere in the world. My requirements: Relatively Inexpensive: No reason to move from where I am (California) if it isn't going to be cheaper to live. Family Friendly: I've married and have two kids in elementary school. I need to ensure that my family feels happy and safe and that my family will get the education and social interaction that will prepare them for the rest of their lives. Stable Political Structure: Some areas in the world are cheap, beautiful, etc. but the political issues may not be very stable. Related to the above, I don't want to pull my family somewhere that isn't going to be friendly / safe. Decent Climate: Living in California has spoiled us. We'd love to live somewhere with a moderate climate... (we're more sensitive to extreme cold, i.e., not big fans of lots of snow). So, any suggestions? In this huge world we have and my flexibility to move wherever I want regardless of income, where would you suggest? NOTE: I did open this discussion up to the whole world, but don't feel the obligation to think only outside of the US. If there are wonderful places in the US that meet these requirements I'd love to hear them! Speaking of which, this is a great tool for finding places in the US to live based on various criteria: http://www.pfbestplaces.com/default....eAction=Search Looking forward to your replies! Last edited by OutsourcedMyLife.com; 02-13-2009 at 03:19 AM. 
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#3
02-13-2009, 09:33 AM
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props on your success!
if I were you I would just do a hell of a roadtrip. stop in some of the highest rated places in America rated by Forbes and other magazines. internationaly, Costa Rica is great. Haven't gotten to Argentina or Chile yet, but I hear they are quite good too. Bruges Belgium is an amazing place. Italy has some really awesome elements to it. (well most of Europe seems to just enjoy life at a different pace than Americans) I recently met a family in Dominican Republic that was working down there for a year and their kids got a chance to experience a different culture and learn Spanish. It seemed like a really good thing for everybody involved. yea, keep us posted.
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#4
03-02-2009, 03:57 PM
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In the Southern Hemisphere, Uruguay, Argentina, and Southern Brazil could be interesting for a family man like yourself.
In Asia, quite a few people like the Philippines, although they tend to be single men besotten with the local women. In Europe, SE Europe (Croatia) or even Portugal/Southern Spain if you're into the Latin thing. But ultimately, I'd focus more on which cultures interest you and your family feel drawn to, and that may require some recon abroad.
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#5
03-10-2009, 09:05 PM
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Come To the mid north coast of Australia
We have the best beaches and climate in the world If you live onthe coast yearly temps range from 21 C to 32 C If your earning in US dollars we are only worth 62 Cents at present so your spending power doubles... We have very stable political, social and cultural environemnts Hard to contemplate finding anywhere better to live actually. We dont have all the big city cnvieniences but we have evrything we want and need.. Id recomend port macquarie 60,000 , coffs harbour 60,000 south west rocks 20,000 populations .... Crescent head 4000 if your a surfer, but has employment and schools in nearby Kempsey and Port Macquarie Definitely worth a prolonged visit Also Byron Bay in Australia is a nice spot to spend 6-12 months
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#6
03-11-2009, 01:26 PM
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Im having my first mini-retirement now in Curacao, were we will be for a month. I was born here so I know allot of the "to sees" and its being great.
- people know English - close to the US - special 2% tax e-zones for your muse - good wheather!
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#7
12-02-2009, 05:35 PM
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As a fellow Californian (southern) I completely understand how important climate is in your decision. I've lived overseas in Japan and Eastern Europe and climate was the main factor in my leaving each of those places--too hot & humid in Japan during summer and too cold in most of Europe in the winter.
I've considered: New Zealand Australia Greece S. of Spain Cypress Malta Of these, I think only Cypress and Malta have tax benefits. But, for me & my husband, sunny warm, non-humid days are more important that tax havens. We are getting ready to leave in January for a 1-yr. mini-retirement traveling all over. We have some passive income but not enough to really make a move so we're just going to travel for a while and check out places where we might want to live in the future. Why not take a mini-retirement and go to several places to see what you like before making a big move? (I guess this would mean home schooling your kids on the road for a while.)
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#8
12-02-2009, 07:14 PM
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Bohemiana, thanks for the reply!
My sis is in socal and you're weather is probably even better than we have up here. A mini-retirement isn't a terrible idea. Maybe even do a summer of traveling so we don't interrupt the girls' schedules... at least not until we decide to make a move. There are just so many factors to consider when looking at a place to live and it becomes exponentially harder when you have kids. Hopefully websites and tools will continue to get better to give objective views of the pros and cons of different places around the world. I hope you have a fantastic trip. Please do keep us posted during your travels, it would be great to know which places are good for vacation and even possible long term living!
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#9
12-03-2009, 10:09 AM
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Where to live is about your DL
Quote:
You should add something else to your requirements. I believe that the choice will be easier when you add: What will this place give to me. For example: I would move to Colombia (not suitable for your requirements, but since I was born there it is very safe for me). -Dance lessons -Language lessons (more writing than anything else). -Gorgeous women  -Very friendly people -Can teach English for fun -People love me there -Everything is way cheap for me so I can take many types of lessons (instruments---flute/piano lessons). Another place would be: italy (not so cheap) -Language Brazil: -Language, new culture, martial arts, and soccer Thailand -Language, martial arts, people, and new experience Anyways, my question what do you want out of moving?
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#10
12-03-2009, 10:17 AM
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Good question! If it was a perfect world, I'd want everything as it is in California, but cheaper cost of living and lower taxes!
It is hard to beat living in California. People from all over the world like to live in the US and people all over the US like to live in California... well, they did until everything doubled in price. My list of priorities changes, but here are my current priorities: 1) Low cost of living (if this can't be low, no reason to move) 2) Relatively safe for me and my family 3) Good culture and climate, with as few natural disasters / diseases as possible.  4) Relatively good infrastructure: I need electricity and internet to do my job.
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