• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Panama
      • Portugal
      • Belize
      • Dominican Republic
      • Mexico
      • Colombia
      • Italy
      • Montenegro
      • Northern Cyprus
      • France
      • Spain
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Gun Laws In The World
      • Establishing Residency
      • Starting an Online Business
      • Safest Places For Retirement
      • Best Places In Latin America
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
  • SIGN IN
  • LOGOUT
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Panama
      • Portugal
      • Belize
      • Dominican Republic
      • Mexico
      • Colombia
      • Italy
      • Montenegro
      • Northern Cyprus
      • France
      • Spain
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Gun Laws In The World
      • Establishing Residency
      • Starting an Online Business
      • Safest Places For Retirement
      • Best Places In Latin America
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
  • SIGN IN
  • LOGOUT
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home Offshore

A Back-Up Plan That Puts You In Control

Lief Simon by Lief Simon
Sep 15, 2023
in Offshore
0 0
0
Walking Path Along Avenida Balboa In Panama City, Panama. overseas backup plan

iStock/GeorgePeters

246
SHARES
3.1k
VIEWS
Share on FacebookShare on Twitter

[vc_row][vc_column][vc_column_text]I don’t need to remind you of the challenges of our age. Cable news in the United States has got that beat covered.

Most importantly, I believe in finding opportunities and organizing your life to enjoy what the world offers. Sometimes, you may need to make some changes to do so.

So, my job is to help you formulate a customized plan that allows you and your family to carry on safe, protected, comfortable, and prosperous no matter what the rest of the world gets up to.

As I see it, big picture, you have three options…

These are your three possible “go offshore” paths:

· Offshore Path I: The Backup Plan

· Offshore II: An Integrated Lifestyle

· Offshore III: Total Paranoia

How To Make Your Perfect Back-Up Plan

Let’s start with Path III—the paranoids.

This group is small but active and vocal. They want the government out of every aspect of their lives and invest in extreme measures to try to achieve what they perceive as total independence.

Some go 100% off-grid, vowing to be dependent on no centralized system for water or electricity.

Meanwhile, some operate on a cash-only basis… or, today, crypto-only.

Some denounce electronics or invest in bunkers and container loads of canned goods.

Few things in life are enjoyable at the extreme… including offshore diversification.

Still, I comprehend that we can interpret our world today as an end-of-days scene.

The problem, though, is predicting how, exactly, the apocalypse will play out.

A television show about preppers I saw had each prepper lay out his plans and preparations for surviving the coming end of the world so the review committee could consider the plan for viability.

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas In

 

In the episode I watched, everyone’s plan was deemed more or less viable… should the catastrophe each respective prepper was most paranoid about come to pass.

If doomsday took any other form, though, the plans were all insufficient for survival.

One guy was ready for the big earthquake in California, but he wasn’t ready for a meteor strike… for example.

Most people don’t subscribe to that acute level of concern or aren’t up for such dramatic lifestyle transformations.

We can all agree that our world is rife with risk and danger. Metaphoric minefields everywhere. However, not all of us are ready to reduce or restrict our lives in the extreme in an effort to avoid them.

Most of us want more options for how and where to live our lives… not fewer. And the Total Paranoia Path can lead to many fewer alternatives.

However, if your objective in diversifying your life offshore is to improve your lifestyle, expand your upside, and guarantee yourself and your family control in the face of chaos… then I’d say you’re on Path I… in search of a Backup Plan.

You can develop a Backup Plan anywhere, including from wherever you’re living right now. You don’t need to move—not overseas or even around the block—to put a Backup Plan in place. You can achieve a solid level of global diversification from the comfort of your current home.

I began down Path I about 30 years ago. I knew from an early age that I wanted a Backup Plan that put me in control of my own future.

Funny thing happened at some point during the decades since…

My Plan B became my Plan A.

That is, my Backup Plan became my lifestyle.

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas In

 

I made a property investment here… opened a bank account there… then traveled to check in on them…

Another property investment… another bank account… residency in Ireland… then an Irish passport…

More property purchases… that doubled as both investments and places to enjoy time with my family.

The more time I spent in the locations where I’d planted flags, the more contacts I made… the more business ventures I staked… the more connected I felt…

Fast-forward to today, and I have home bases in four countries… residency in two… a second passport… and investments generating cash in five currencies.

In addition (my wife would say more important), as a result of all this backup planning, I’ve developed a global network of friends that makes my life much richer than it would be otherwise.

In short, when I’m in Panama… in Colombia… in France… in Portugal… I’m not a visitor. I’m at home. My wife Kathleen and I stay in houses and apartments that we own and have furnished to be comfortable for us (while also suitable for rental when we’re somewhere else).

We’ve become part of the local scene. We’re residents, not tourists. And we prefer it that way.

Organically, over decades, we’ve built a Backup Plan that is also our ideal way of life.

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas In

 

I call this Path II: An Integrated Lifestyle.

In the past few years, Kathleen and I have entered what I believe is the ultimate phase of a lifestyle like this one. With the help of friends and business partners on the ground in the places where we regularly spend time, we’ve noticed opportunities for becoming connected in a new way.

We’ve begun investing not only for personal profit… but also in helping our adopted communities in small ways—providing scholarships, for example, and donating computers to schools that otherwise couldn’t afford them. As we look ahead, we see this as a priority agenda.

Living an Integrated Lifestyle, you’re a moving target for any disaster that might strike. You’re not at the mercy of any one government administration… any single economy… any particular currency… If life should become unpleasant in the place where you are… you can easily go somewhere else and plug into another fully-fledged life.

An Integrated Lifestyle overseas doesn’t emerge overnight.

Frankly, I’ve reached my limit, and Kathleen and I are now spending time consolidating and downsizing.

The point is that we’re in control. We’re choosing where we like to spend time and which investments are worth the effort and cost to manage.

That’s the objective—being in control of your own destiny.

Stay diversified,

Lief Simon signature

Lief Simon

Editor, Offshore Living Letter[/vc_column_text][/vc_column][/vc_row]

Tags: 'Diversification Offshore''doing business overseas'
Share116Tweet54
Lief Simon

Lief Simon

Lief Simon has lived and worked on five continents and traveled to more than 70 countries. In his long career as a global property investor, Lief has also managed multimillion-dollar portfolios of rental properties, for others and for himself. He offers advice on international diversification in his twice-weekly Offshore Living Letter and monthly Simon Letter dispatches.

Related Posts

Beautiful Italian farmhouse in Tuscany surrounded by nature with a large garden
How to

The Benefits Of Overseas Real Estate

by Lief Simon
March 1, 2024
0

8938. That is the number of the IRS form you have to fill out to report foreign financial assets. If...

Read moreDetails
Tropical beach with white sand.

6 Ways To Protect And Grow Your Wealth

February 6, 2024
The United States Capitol Building in Washington, DC

Here’s Who Gets My Vote This 2024

February 5, 2024
Panoramic view of Guatape, near Medellin, Colombia.

Safe, Solid Options Overseas

November 28, 2023
Avenida Balboa in Panama City, why panama

One Critical Question: Why Panama?

October 29, 2023
Senior couple walking on the beach. Are You Ready To “Retire Up”? wealthy

Are You Ready To “Retire Up”?

October 19, 2023
Luxury beach resort, beach loungers near the sea with white sand over sea Topical island. wealth strategy

Six Steps To Protect Yourself From Coming Crisis

October 11, 2023

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate
Live and Invest Overseas blue logo on transparent background

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate
Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008 - 2024 Live and Invest Overseas - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Sign up to receive the FREE daily e-letter, Overseas Opportunity Letter and we’ll immediately email you our editors’ latest research report…

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008 - 2024 Live and Invest Overseas - All Rights Reserved.