I’ve lived in 3 islands and 1 country. Completely different cultures and cost of living. And the one thing I’ve learned over the years is that you really need to plan things out before you do them. So, if you’re watching this video, I’m going to give you my guide to moving abroad and how to go about it.
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1. Entry Requirements, tourist visa, and staying requirements
- This should be the first thing on yourself
- To know what you need to enter and what you need to stay in the country
- I can stay here all I want because I was born here
2. Don’t forget about these simple things that are super important
- Your Phone Plan
- Health Insurance
What I do to keep my US number Active
- I use Tello and pay $7, 1GB of internet, 300M to call, and unlimited text
- I’ll be switching to no gigs, and unlimited text and calls
- If I go to the US then I can still use it and access WhatsApp
- Their cheapest plan is $5
Health Insurance:
- I use Humano
- My grandpa's sense
- And some people larimar
- Don’t compare prices to the US because you’ll get the highest plan when you don’t need too
- I have the second 1st year plan, I only care about being covered under big emergencies, not getting covered for any small stuff like a doctor's visit, medicine, and so on
- I recommend you save up at least 3-6 months for emergencies so if something does happen you cash
3. Fully Furnished Rental or Airbnb ( compare prices and pick your choice)
- I recommend Airbnb
- Because you can change back and forth to different places without any issues, while with a rental unless it is month to month, it’ll be more complicated
- The benefit to this, is to cover the living aspect and be able to check out the area
I recommend this:
- Stay here for a minimum of 3 months, best 6 months
- Until it feels like you are wasting money and that you know everything
- But even then resist the urge to move
- This is important because it prepares you
Tip: be careful with the gringo tax, it's getting charged more for being a foreigner, this only changes as you become more well-versed with prices and the culture, be patient and observe
4. Do not rush into buying a Property
- Tax advantage
- Incentives
- Blah blah
- If you haven’t been here for at least 2 years I don’t recommend it
I’ve seen people make this mistake
- Move somewhere, think they’ll live there forever
- Buy a house and a car
- And then a year later sell everything
- It better rent ( I got lucky but it could have turned out pretty bad )
Tip: talk to me after 24 months of living in a location, you’re mindset will be a lot more different trust me ( I’ve been renting and I’ve changed a lot over the last 2 years )
5. When Moving remember this
Sell, Store, or Ship: Looking back I would have sold 90% of my stuff and just shipped a small box with personal stuff
- However I paid 3k to move my stuff from Puerto Rico, it was well worth it, beucase the replacement value was over 10k ( sometimes it makes sense )
Learn the Language: At least basic ideas, living in a nice area is cool but you’ll be in the worst position if you don’t learn it
Safety: Does not mean more expensive
- Try not to stand out and be like the locals
- I don’t wear fancy clothes or jewelry
6. My final tip
- Join a community
- And depending on where you live get an investor generator ( they cost 400-500 and eliminate a big part of the power going out worry )
- Don’t spend a lot on it, just get enough for a few hours because power usually returns back pretty soon
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
20 авг 2024
