My nail technician, Kahi, is an entrepreneur and an extremely smart money guy. One day, Kahi and I discussed how hard it is for many people to save money, so they end up living paycheck-to-paycheck and having to put expenses on credit cards.
Kahi and his wife love to travel, but they also don’t want to be in debt because of it. I asked Kahi how he can have the best of both worlds – travel with no debt. (more…)
Kathleen Peddicord’s Top 19 Travel Tips
Whether you’re moving to a new country or taking off on a two-week holiday, here are 19 things you should know before you go: (more…)
I’ve been watching the Dominican Republic for more than a decade, waiting for the time to place it on our short list of the world’s top havens.
At last, I believe this Caribbean nation’s time has come.
With a stable government and a steady economy that grew by 7% in 2015, the Dominican Republic is ripe and ready for expats, retirees, and investors looking for a safe and affordable option in the Caribbean.
What makes the DR so attractive right now? I put it down to these five things:
My husband and I recently met with our financial planner, John Steves. He is my fabulous former partner at Ameriprise. Yes, even though I am a Certified Financial Planner, I still have my own advisor. It keeps my husband and me disciplined. Besides, I am a ‘big picture’ person, and John is a ‘detail’ person who does the number-crunching and also has his ears and eyes on the market daily.
Having a trusted adviser is one of the very best gifts you can give to yourself. I can assist you with the big picture, the discovery process, and help you create a game plan. However, you also want someone to run your financial plan, looking at every area of your financial life, including what would happen if you died prematurely or couldn’t do what you do anymore. Too often I hear of advisers just looking at the investments or just the insurance. True financial planning includes six areas of your life: (more…)
Two Biggest Worries Living Overseas
The Forbes reporter who interviewed me this week wanted me to give it to him straight.
“Living or retiring overseas,” he began, “is an exciting idea on the surface… but there must be downsides.
“What are the biggest concerns people have after making a move to another country, once the honeymoon is over?” he wanted to know.
“I can think of two,” I told him…
The first big-deal distress that can take hold after settling into a new home in a foreign place is missing family and friends, especially children and grandchildren, back in the place where you came from.
If you’re used to being a regular part of your grandkids’ lives, breaking that connection will hurt.
You have more good options for addressing this risk today than ever. FaceTime, Skype, and video chat technology make it possible to “see” your kids and grandkids everyday if you want.
Of course, FaceTiming with your 4-year-old grandson is not the same as bouncing him on your knee, but it can make the separation easier to deal with.
If you have children or grandchildren in your life who you want to keep in your life after you’ve relocated your life to a new country, make sure you include a generous travel allotment in your budget. Build in the cost of visiting them and of having them come to visit you and then make those visits count.
What a great opportunity for your grandchild to spend two months each summer with (more…)
Two Reasons You Can’t Afford Not To Retire Overseas
Your retirement nest egg has been marginalized, and you’re thinking there’s no way you could afford to retire overseas.
This is probably the most-often-given reason for why someone who’s interested in the idea of launching a new life in a new country hesitates or even abandons the idea altogether. And it’s the least valid. Here’s the truth: You can’t afford not to retire overseas.
I’m speaking both literally and figuratively.