Why Moving Abroad is the ULTIMATE Game Changer for Your Lifestyle

Moving Abroad Resources:

👉 Moving Abroad Relocation Roadmap Guidebook that walks you through the five phases of moving abroad ($27): https://www.entrepreneurexpat.com/relocate

👉 Moving Abroad Relocation Blueprint Course which offers step by step guidance on everything from choosing the right country to immigration to taxes and everything in between: https://www.entrepreneurexpat.com/blueprint

👉 Want us to handle the details of your move abroad? Apply for our white-glove relocation services here: https://www.entrepreneurexpat.com/consult

👉 Free Moving to Mexico Guide: https://www.entrepreneurexpat.com/mexico

👉 Free Moving Abroad Checklist: https://www.entrepreneurexpat.com/abroad 

Remote Work and Online Income Resources:

👉 Expat Income Accelerator course which shows you the multiple ways you can make money globally based on our 15+ years of experience in online business, investing internationally and living in multiple countries: https://www.entrepreneurexpat.com/income

👉 Get Your First High Paying Client Online Bootcamp which walks you through the first four foundational steps of creating and monetizing an online business based on 15+ years of experience in online business: https://www.entrepreneurexpat.com/firstclient-yt

👉 YouTube Mastery Workshop which shows you how we’ve built two YouTube channels that bring clients and passive income from digital course sales (including turning Entrepreneur Expat into a six-figure business in six months): https://www.YouTubeMasteryWorkshop.com

👉LinkedIn Mastery Workshop which shows you how to use LinkedIn to find remote work, clients and connect with recruiters based on Justin’s experience building a six-figure business and finding remote work on LinkedIn: https://www.entrepreneurexpat.com/linkedin

👉 Free Make Money From Anywhere Guide: https://www.entrepreneurexpat.com/money-guide 

V I D E O S    T O    W A T C H    N E X T :


Online Business Tips to Working and Traveling In Mexico: https://www.youtube.com/watch?v=9zGH0voCyOc&list=PLh3xKhkMgH_IA6s3KvB_g9Cc9Ze1eji8j&index=2

Moving to Mexico: 10 Reasons Why We Chose to Live in Guadalajara https://www.youtube.com/watch?v=dK23vD8_xjc&list=PLh3xKhkMgH_LAY7UV78YMgms-f2e1UcwN&index=23

Tips for Moving Overseas: Top 5 Remote Work Skills That Make Money: https://www.youtube.com/watch?v=bFzjCrlNAL8&list=PLh3xKhkMgH_IA6s3KvB_g9Cc9Ze1eji8j


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Inquiries: community@entrepreneurexpat.com


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Disclaimer: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Entrepreneur Expat can and does not provide advice unless/until engaged by you.

Transcript

Justin: 0:36

in our over two years of running our channel and relocation business. One of the most common fears that people have told us they have is that moving abroad means that they're giving up comfort. Safety or opportunity. That might've been true 20 years ago, but definitely not today. In reality, if you do it right, moving abroad can actually upgrade your lifestyle. That means better food, lower stress, higher quality healthcare, and way more freedom. In this video, I'm breaking down how to move abroad without lowering your standard of living and why most people are looking at that equation. Completely backwards. Hi, I'm Justin Keltner and here on Entrepreneur Expat. We talk about everything to do with moving abroad, building a location, independent business, or investing overseas. We help you plan the entire process, start to finish of getting a visa in another country, relocating yourself, your family, and perhaps even your business, and finding that perhaps the grass really is greener on the other side. If you're interested in learning more about that, definitely subscribe to this channel. We're coming up with new content now almost every single day, and we're joining forces with a lot of people throughout Mexico. And globally that are going to be guest contributors on this channel very soon. So you're gonna see a lot more content from us. Make sure you hit that subscribe button. Make sure you hit that notification bell and give this video a big thumbs up. You can also check out a lot of the resources that we have below this video. If you want to go even further, we've got our moving abroad checklist so that you know exactly step-by-step what you need to do to move abroad, and we've got entire eBooks as well as courses that are available for purchase as well. So why do most people think that moving abroad is a downgrade? Well, part of it comes from this whole old narrative about all these other countries that aren't, let's say the US or Canada or Western Europe being something like Third World. Uh, that's what they said and that that was really a term coined by the US government. to talk about countries and their relation to the, Soviet Union and, and all those things during the, during the Cold War. they talk about cheap living for sure. You know, that used to be the narrative. You can go to Mexico and live really cheap and while. The cost of living in Mexico is certainly less still than it is in the us and it is a great deal for your money. It's not that sort of cheap and, and low standards place that perhaps, uh, people are used to and other countries are really catching up to the US as well. They also talk about limited opportunities in other countries. And now if you work remotely like we do and we have a business remotely, or if you at least have a remote job or some way of making an income overseas, you don't even necessarily need to depend on the opportunity in a given economy locally. Although in our case, we see a ton of opportunity in Mexico. So we'll get into some of. Why, those myths are actually not true. So really those are all outdated stereotypes from people that just kind of heard things passed down from their parents, or perhaps visited a place like Mexico, but never really left the five star resort. Area. They think that there's just a lot of chaos, poor infrastructure and lack of safety. But modern Latin American cities like Merida, Guadalajara, or Panama City are actually more developed than many US suburbs. People tend to confuse. Lower cost with lower quality, but in most cases it's actually the opposite. You're just not paying inflated American prices for basic things, like people in different countries can actually afford things like healthcare. They can afford things like eating out regularly. They can afford things like good education for their children without. You know, almost going bankrupt. So now we're gonna talk about what upgrading actually looks like and some specific examples. So here in Mexico where Amanda and I live, you can get a modern two bedroom apartment in a walkable neighborhood for well under$1,000 Per month, depending on the city you're in. And in a lot of cases you can find it for that price, even furnished. I had a, a nice apartment that was in a very nice area of Chapalita in Guadalajara when we lived there, and that only cost around$750 per month. Unfurnished buy a little bit of furniture. It's good to go, but you can find places for, you know, 900,$1,000 1100 that are in very nice areas surrounded by coffee shops. and very, very safe for like$1,000 a month, maybe 1200, 1500 if like, you're really, really pushing it and you want the best neighborhood and the best walkability and everything else. But, but there's a lot of deals there in Guadalajara, by the way, is pretty expensive. even compared to Guadalajara, where we live here in the, the CHIPA area. We've got a two bedroom condo, not just an apartment, but a. But a two bedroom condo and we have a view, a 360 degree panoramic view of the entire lake, and that's only around 500 USD per month. So compare that to, well, you can't really even rent a room anywhere in, in LA for that much. I mean, barely. Like maybe you get a room somewhere in, in the valley, in the suburbs right, for for$500 a month. But you're not going to enjoy life. Very much, and you're probably gonna need a car to get to everywhere. Here, whether it's in Guadalajara or whether that's in the chip area. We feel extremely safe. there's private security in Guadalajara. There, there were, police patrols like every 30 minutes. Every hour. There was another private security company. I mean, shit did not go down there. Like it was very, very, very peaceful. I find that in stark contrast to a lot of what's going on in the US with. Political instability with civil unrest, with protests, with so many other things that are going on. And there are very few places that you could actually live in the US where you're not paying 2, 3, 4,$5,000 a month or more, and you're actually in walking distance to nice restaurants, to bars, to coffee shops Where you can get those sorts of things in Mexico and even some places in Central and Eastern Europe and all over South America as well. Now, another thing that is really cool here and. And in a lot of countries that people don't, don't really give credit where credit is due for is that private hospitals in Mexico or Columbia or other countries can rival or even beat us quality. Uh, a lot of the time you're able to get same day appointments. Doctors are very nice to you. You'll even get their WhatsApp. A lot of the time. So if you have any like kind of post appointment questions, you can ask those. It's not like you go in and you see your primary care doctor for 15 minutes and then they shoo you out the door because they have 50 other patients to see that day. It's a totally different standard in quality of care, uh, with a very similar like level of the, the machinery and training and everything else that you would find somewhere like the US, but significantly cheaper. You can also afford to outsource more. So that might be a housekeeper, a private driver. We have a, a housekeeper that comes here twice a week. She cooks our meals as well. You can get your private chef as well. We have a private driver that we use whenever we wanna go into Guadalajara because we have a car here. But I don't really like driving into the city, and I'd much rather kick back and get some work done on my laptop. Film a little bit of, uh, of content for the channel with Amanda. Or do pretty much anything else that's not being stressed out in traffic. So we can afford to hire those people and actually buy back our time here. Another thing that's really cool about living abroad is you can find a lot more organic food, local produce, and a slower pace of life overall. And all those things are really conducive to improving health and wellbeing in the us. I mean, I was joking about this with Amanda the other day, but you go to like a grocery store in Florida and you see oranges from Chile or Peru, or I forget exactly where they were from in South America, but it's like, why are you importing. Oranges from South America and like trucking them halfway across the world. Were in Florida, we make oranges here. Like make it make sense versus when you're in Mexico. Yes. You might not find all of the fruits and vegetables 365 days per year. But everything that you do find in the grocery store is going to be fresh. It's gonna be local. It's not gonna have a bunch of like crap and preservatives and things like that. So that definitely contributes not just to improved health and wellbeing, but also lower cost of medical care. Because the healthier you are, the less you're gonna have to actually go to doctors and things like that to have'em fix you when you're just taking care of yourself from the get go. And your purchasing power also stretches further so that you can save. Or invest instead of constantly playing financial catch up. I'll add that with us. As, as entrepreneurs, one of the most important things for like making really solid business decisions is being able to make them from a place of abundance and a place of actually having runway and cash flow to cover all of our monthly expenses. So when we have that, which is a lot easier to do here in Latin America. We're able to make much more financially sound decisions for the long term, the health and growth of the business because we don't have to constantly worry about these little things. these expenses and things kind of nickel and dimming us, whether it's paying too much in healthcare and car insurance and home insurance, rent, whatever it is, you just don't have as much of that here. It's, it's just much more affordable. So now we're gonna talk about how to set yourself up for an upgrade. So number one is you wanna stop thinking like a tourist. When you're planning on moving abroad, you really want to think like a local entrepreneur or an investor. You wanna find what the opportunities are. So for example, within just a couple months of moving here to the gated community that we're living in, in the Lake Chapala area, we've already got two properties now. Under contract to manage those properties for long and short term rentals. So we're, we're doing property management for several people here on our street and we're expanding that to different neighborhoods as well. So think like a local entrepreneur. What are some of the opportunities? Yes, you can make money in dollars, spend in pesos. That's cool. But also what can you do to, to maybe contribute to the local economy from a business standpoint? Maybe there are businesses you can run. Maybe there's local opportunities for investing, for sharing the, the different business opportunities, let's say with people from your own country. We try to do that every single day. Then learn the local system. So figure out how residency, healthcare and banking work. We actually do have a, a fully white glove relocation service. So if you do have a million dollars or more. In net assets and you're looking for help figuring out how to optimize your tax planning, get residency in another country, whether that's Mexico or elsewhere in Latin America or the world. We actually have partners that we work with that are attorneys, that are facilitators all over the world. We're up to 12 countries now with people that we have relationships with and expanding every single day. So you can book that call below at entrepreneurexpat.com/consult We can help you out with that. But you wanna learn how residency works. You wanna learn how healthcare works. You wanna learn how banking works. By the way, uh, in all of our white glove relocation services, we have options to also set up your tax ID and your bank accounts will actually open them with you so that you don't have to deal with red tape. I mean, there's always red tape, but we try to, we try to get as much of that red tape eliminated as. Possible, but you wanna have a local bank account because let's say that you're banking with a big bank in the us I'm not gonna name names that I don't wanna get sued, but, we'll call them Blue. I had a bank account with Blue, both personal accounts and business accounts, and Blue decided to shut my debit card down after trying to do a, a transfer. Transaction with World Remit or one of those services, and I called the customer support for Blue and got somebody I think in, in Bangladesh or India or somewhere that basically said, uh, no sir, you have to go into a, into a branch, in the US to unlock your account. I'm like, okay, that's stupid. But if I, if I, well, I did have a local account at that point, but most of my money was still. Locked away in the us. So you wanna have local accounts, you wanna have enough money in those local accounts that you're not, dependent on just your foreign credit or debit cards. You want to choose your city intentionally. So whenever we're deciding to go to a new country, like we're looking at maybe moving at least part of the year in the next year or two out of Mexico and going somewhere else. So. We're trying to choose our cities intentionally. We're gonna go to a couple other countries. We're gonna travel. We're gonna look at the neighborhoods, see what areas are maybe, maybe more modernized, more developed, which are still developing. there's obviously pros and cons to each, because if there's still a little bit more rustic as we say, or rustle, maybe there's more opportunity for buying land or buying property. And there's others like Ahah, for example, in the AL area that have full expat infrastructure. The menus are in English. Uh, all the signs are in English. half the people or more that are living there are, uh, retired expats from the US and Canada. So you wanna really figure out where do you fit in the most? Do you wanna be around other expats? Do you wanna have more of a local feel? And then run the numbers. So look at your housing, look at your health insurance, your cost of living versus your income or remote business income, and. You don't wanna necessarily just find the cheapest place or the cheapest solutions, you kind of wanna avoid that trap. Make sure that you look at the best value, not just the lowest price. Uh, a lot of people ask us, well, you know, is a place like Mexico safe? And I say, well, you don't wanna live in the ghetto in Mexico, just like you wouldn't wanna live in the ghetto in Chicago or in LA or in New York. So you want to find something that's a good balance. Yeah, you could totally find an apartment in Guadalajara. For$200 a month to rent, but you're probably better off spending five or six or seven, maybe a little bit more if you, if you're really bougie like we are and have something where it's walkable to different coffee shops. It's more safe. there are maybe more expats that you can interact with and things like that. And then of course. Use relocation consultants. So we help with the entire process start to finish. Like I mentioned earlier, that's entrepreneur expat.com/consult because we understand both sides, both the local and the international. We've got accountants in Mexico, we've got accountants in other countries in Latin America. And then we've got a lot of accountants that that we've worked with in the US as well. So we can help you actually balance the tax planning and the business strategy. And so. Much more. Now we're gonna talk about one of my favorite topics, which is the mindset shift. So moving abroad is not about escaping your country, it's about upgrading your life design. It's not that you're leaving behind comfort. It's that this is how I think about it. you're Buying back your freedom, and that's your freedom from debt, your freedom from overwork, and also your freedom from this constant fear of rising costs and inflation and all of these other things that are happening around you. So most expats that I've worked with say that after a few months abroad. They realized their quality of life actually went up, even if their expenses went down. The key is intentionality, design it don't just drift and go off and kind of do what all the other expats do, actually create your plan. We actually have a cool course that I'm gonna share with you guys down below, which is our relocation. Roadmap course. And in that course we take you through the entire process of planning, from choosing your country to actually understanding where in that country you wanna live, planning a scouting trip, and then figuring out all of the logistics and details, including the infrastructure and the internet and the phone, and so much more. So that'll help a little bit with that intentionality. It's called the Relocation Roadmap Blueprint Course, and you'll find. A link to that here as well. So if you're serious about designing a global lifestyle that actually upgrades your quality of life, not downgrades it, then definitely apply for that free consult with our team. We can help you out. We do that every step of the way. If you've got a million dollars or more in assets and you're looking to. And protect those assets. And also, this is really for people who value their time more than a little bit of money. We can help you save a ton of time, in many cases, weeks or months of extra time not dealing with that red tape. So entrepreneur expat.com/consult, we're gonna help you map out where you can live, how you can qualify for residency, and how to structure your income so that you can live. Better for less. And if you're just starting to explore, then uh, maybe you wanna grab our moving abroad checklist down below or@entrepreneurexpat.com slash abroad. Don't forget to subscribe for more strategies on global living, second passports and financial freedom abroad. And I'll see you again very soon. Next time.