I thought of entitling this blog, “How I became a multi-millionaire?” But … :), By CPO, From the Far Side of the Planet
I thought of entitling this blog, “How I became a multi-millionaire?” But thought that maybe too precocious? Then thought of a more pragmatic title, “Financial Independence? How to build a nest egg as an international expat living overseas? Frugal necessity helps!” Hmm perhaps both titles are okay seeing there is an element of truth in both headings.
Student Debt – Climbing Out of the Pit
When I first came overseas, I had just finished a Master Degree and had a mountainous student loan. My parents had helped me out with student living costs and I did a lot of side jobs along the way from camp counselor for youths with disabilities to tutoring foreign students learning English, but I still had a sizable debt of around $20,000. I didn’t even have a song to my name …
Often there is no safety net provided by companies, or not much, when it comes to early retirement overseas … and expats are left to fend for themselves. It is a sink or swim environment.
Walk the Plank Laddie – to the Sharks I Say 🙂
Lost at sea with the sharks slamming the boat and they thought the end was near …. That was the headline that caught my attention when the story of 2 lady sailors who had been lost at sea for several months were rescued … they were safe but just barely survived on their diverted route to Fiji – they never got there.
Financial planning is often like that especially nowadays when it comes to retirement planning and investment – even while at home, not to mention the shark infested waters of retirement planning while overseas.
But what if you could circumnavigate the sharks … there is a fellow who had done just that, survived cancer and retired in his 40’s and can usually be found basking around the world in some tropical place like Mexico or beyond.
Millionaire Teacher? Stop Pulling My Wooden Leg! Aye, Aye Sir!