Money For the Rest of Us Should You Retire Early and Live Outside Your Home Country? with Joshua Sheets
Jan 8, 2025
Joshua Sheets, host of Radical Personal Finance, dives into the complexities of living abroad. He passionately argues for the benefits of holding multiple passports and the meticulous financial planning required for early retirement outside your home country. Joshua shares his travel insights from 30 countries, emphasizing the unique opportunities the U.S. offers. He also challenges conventional views on retirement, advocating for a life filled with purpose and contribution rather than simply stopping work.
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US vs Abroad Opportunities
- Joshua Sheets's appreciation for the U.S. grew after living abroad, but also became more nuanced.
- He observed that while the U.S. has broad opportunities, many countries exclude normal people.
The Illusion of Savings Abroad
- Joshua Sheets argues that living abroad to save money is often an illusion.
- He explains that cheaper living abroad often means sacrificing amenities readily available in cheaper U.S. locations.
Internationalization as Safeguard
- Obtain residency or citizenship in another country as a safeguard against unforeseen circumstances.
- Governments respect other governments more than they respect individual citizens.