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Did he say how much the rent is. Fully furnished, yes!
He said it was $1500 a month. Given that they won't have cars, home insurance, or a host of other expenses, that's outstanding. I realize that he's being optimistic here, but he did the math and realized that if he simply billed 12 hours a week, he'd be breaking even. Go for it, I say.
There are plenty of places in the world where rent can be half of that and less. The main problem is making a living, if you don't have other sources. Had that not been the problem, I would've been out of this goddamn hell maaaany moons ago, even before I sold my parents' property.
He said it was $1500 a month. Given that they won't have cars, home insurance, or a host of other expenses, that's outstanding. I realize that he's being optimistic here, but he did the math and realized that if he simply billed 12 hours a week, he'd be breaking even. Go for it, I say.
$1500 just for rent would be too much. If I cashed out of my retirement, payed the Government for early withdraw I'm speculating 2k a month for everthing with out sacrificing the principle. Now, if I had a room mate to split housing with
$1500 just for rent would be too much. If I cashed out of my retirement, payed the Government for early withdraw I'm speculating 2k a month for everthing with out sacrificing the principle. Now, if I had a room mate to split housing with
How exactly do you figure for how many years you'd need the money...? That's what has always puzzled me about the retirement calculators. Are you supposed to check with the guy up there? I wish I could... I really do...
I might become a roommate... You can't count on me for too many years, though.
How exactly do you figure for how many years you'd need the money...? That's what has always puzzled me about the retirement calculators. Are you supposed to check with the guy up there? I wish I could... I really do...
I might become a roommate... You can't count on me for too many years, though.
"How exactly do you figure for how many years you'd need the money...?"
I figured a 6% return and 3% to account for inflation and no digging into the principle.
"I might become a roommate... You can't count on me for too many years, though"
$750 a month divided by 2 sounds more like it too me.
"How exactly do you figure for how many years you'd need the money...?"
I figured a 6% return and 3% to account for inflation and no digging into the principle.
Hey, if you can do it without touching the principal, more power to ya! Don't forget inflation, though... It's waaaaaaay higher than that!
I haven’t been to the Caribbean myself because the flights are horribly inconvenient out of here. I’d like to go once, but only to an island that was a former European colony and has more interesting culture and architecture. If I am to just bum around on the beach, the beaches South of Cancun are the same and it’s a lot easier to get there. I’ve no desire to ever go to Aruba. I’ve seen enough cacti to last me a few lifetimes.
Jamaica is crime-ridden… Actually, there are still many unspoiled and cheap places along the coasts of Mexico – it’s a huge country. Unfortunately, many of them are in areas that are no longer safe. Also, development will reach them eventually. As you may know, it has already moved South of Tulum on Riviera Maya. These places are still not easily accessible, but once they are, the prices will shoot up.
I really envy you if you can afford to hang it up!
I have been all over the Caribbean. My unsolicited personal opinions having been to the places you mentioned...
Cancun - too developed, too Springbreak party crowd. Like nearby Cozumel for diving though, some nice shallow sculpture gardens there.
Jamaica - physically beautiful but WAY too much crime - I believe it has some of highest crime rates in the world.
Tulum - very cool, love the diving, cliff views, and Mayan ruins. I had the most perfect hammock nap there.
Aruba - going there again next month for business. Too much desert, development and casinos for me. The diving is pretty good, though I prefer nearby Bonaire.
Nearby Curacao also has some good dives, excellent orange liquor (love that stuff), and awesome duty-free shopping. This is an excellent island for buying jewelry and watches. Also some nice shore dives, dolphin/turtle dives, and cool mushroom coral.
Though I think I prefer the British West Indies and French islands over the Dutch islands.
There are plenty of places in the world where rent can be half of that and less.
the last apt i had in BKK was 4000 baht/month, which at the time was around US$120. nowadays since i don't stay anywhere long term i mostly just stay in serviced apts and guesthouses, so i pay more, but ya there's plenty of places in the world where rent is essentially nothing, not even an important factor when considering ones budget.
Quote:
Originally Posted by sierraAZ
The main problem is making a living, if you don't have other sources.
ya, that's always been my problem. i'm a younger guy, so no retirement income coming in. plus my skills are relatively limited, so getting a job in a saturated expat job market is unlikely. so i try to work in the US half of the year then go back overseas the other have. wish i could make money elsewhere, but don't see that happening any time soon.
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And some smokes! And some Johnnie!
That's what has always puzzled me about the retirement calculators. Are you supposed to check with the guy up there?
I wish I could... I really do...
Don't forget inflation, though... It's waaaaaaay higher than that!
