Do not retire overseas until you have this much money

Do you have enough money to retire early Do you have enough money to retire early overseas? All I can do is tell you how I overseas? All I can do is tell you how I overseas? All I can do is tell you how I think about money. The two biggest risks think about money. The two biggest risks think about money. The two biggest risks of retiring early for cheap overseas are of retiring early for cheap overseas are of retiring early for cheap overseas are money and health. If you're going to money and health. If you're going to money and health. If you're going to jump on an airplane and retire early for jump on an airplane and retire early for jump on an airplane and retire early for cheap overseas or slow travel around the cheap overseas or slow travel around the cheap overseas or slow travel around the world like I do, you're going to need world like I do, you're going to need world like I do, you're going to need enough money. You will also need to enough money. You will also need to enough money. You will also need to remain as healthy as possible until the remain as healthy as possible until the remain as healthy as possible until the end. Nobody lives forever. So, your goal end. Nobody lives forever. So, your goal end. Nobody lives forever. So, your goal is to have enough money to live a is to have enough money to live a is to have enough money to live a dignified life until you pass away. That dignified life until you pass away. That dignified life until you pass away. That seems obvious, doesn't it? In fact, seems obvious, doesn't it? In fact, seems obvious, doesn't it? In fact, since you don't know exactly when you since you don't know exactly when you since you don't know exactly when you will die, your goal is to have more will die, your goal is to have more will die, your goal is to have more money than you estimate you will need. money than you estimate you will need. money than you estimate you will need. Why? Two reasons. One, you may live Why? Two reasons. One, you may live Why? Two reasons. One, you may live longer than you think. and two, longer than you think. and two, longer than you think. and two, inflation or currency fluctuations may inflation or currency fluctuations may inflation or currency fluctuations may devalue your retirement nest. Plus, if devalue your retirement nest. Plus, if devalue your retirement nest. Plus, if you are a couple, one of you is likely you are a couple, one of you is likely you are a couple, one of you is likely to live longer than the other. If so, to live longer than the other. If so, to live longer than the other. If so, there needs to be enough money for there needs to be enough money for there needs to be enough money for whoever lives longer. There are actually whoever lives longer. There are actually whoever lives longer. There are actually six other smaller risk factors I will six other smaller risk factors I will six other smaller risk factors I will share with you as a bonus if you listen share with you as a bonus if you listen share with you as a bonus if you listen until the end. As we age, this is a until the end. As we age, this is a until the end. As we age, this is a concept most of us think about. We know concept most of us think about. We know concept most of us think about. We know that our memories will fade and we know that our memories will fade and we know that our memories will fade and we know that our ability to get a job and earn a that our ability to get a job and earn a that our ability to get a job and earn a decent living tends to diminish as we decent living tends to diminish as we decent living tends to diminish as we enter our twilight years. Older people enter our twilight years. Older people enter our twilight years. Older people have a harder time getting jobs because

have a harder time getting jobs because have a harder time getting jobs because of the uncertainty of how much you need of the uncertainty of how much you need of the uncertainty of how much you need before you quit working. Many people before you quit working. Many people before you quit working. Many people just keep working into their 70s, some just keep working into their 70s, some just keep working into their 70s, some even until their 80s. I remember when I even until their 80s. I remember when I even until their 80s. I remember when I first thought about getting old without first thought about getting old without first thought about getting old without enough money. In 1972, the movie Cabaret enough money. In 1972, the movie Cabaret enough money. In 1972, the movie Cabaret came out starring Liza Minnelli. My mom came out starring Liza Minnelli. My mom came out starring Liza Minnelli. My mom and dad took us to see it at the and dad took us to see it at the and dad took us to see it at the drive-in movies. There was a scene in drive-in movies. There was a scene in drive-in movies. There was a scene in the movie where Minnelli saying, "Money the movie where Minnelli saying, "Money the movie where Minnelli saying, "Money makes the world go around." I was makes the world go around." I was makes the world go around." I was mesmerized by that scene, and I'll never mesmerized by that scene, and I'll never mesmerized by that scene, and I'll never forget it. I was 11 years old at the forget it. I was 11 years old at the forget it. I was 11 years old at the time. That idea stuck with me. If I was time. That idea stuck with me. If I was time. That idea stuck with me. If I was going to experience all the world had to going to experience all the world had to going to experience all the world had to offer, I would need money. No money, no offer, I would need money. No money, no offer, I would need money. No money, no life. No money, no honey. You've heard life. No money, no honey. You've heard life. No money, no honey. You've heard it said many different ways. That song it said many different ways. That song it said many different ways. That song taught me that money would be necessary taught me that money would be necessary taught me that money would be necessary to avoid poverty and desperation. to avoid poverty and desperation. to avoid poverty and desperation. My mother worried about money all the My mother worried about money all the My mother worried about money all the time. She had grown up during the Great time. She had grown up during the Great time. She had grown up during the Great Depression, and she was the youngest of Depression, and she was the youngest of Depression, and she was the youngest of eight kids. Her father was a city eight kids. Her father was a city eight kids. Her father was a city employee, so her oldest brothers and employee, so her oldest brothers and employee, so her oldest brothers and sisters worked as soon as the law sisters worked as soon as the law sisters worked as soon as the law allowed to to help the family survive allowed to to help the family survive allowed to to help the family survive the Great Depression. So, how do you the Great Depression. So, how do you the Great Depression. So, how do you know if you have enough money to retire know if you have enough money to retire know if you have enough money to retire early overseas?

early overseas? early overseas? That is a question I'm unwilling to That is a question I'm unwilling to That is a question I'm unwilling to answer for you. I'm not a financial answer for you. I'm not a financial answer for you. I'm not a financial planner and I'm not qualified to give planner and I'm not qualified to give planner and I'm not qualified to give you financial advice. Plus, we each have you financial advice. Plus, we each have you financial advice. Plus, we each have our own spending behaviors and lifestyle our own spending behaviors and lifestyle our own spending behaviors and lifestyle needs. And I know nothing about you. All needs. And I know nothing about you. All needs. And I know nothing about you. All I can do is tell you how I think about I can do is tell you how I think about I can do is tell you how I think about money. Monthly cash flow. I think about money. Monthly cash flow. I think about money. Monthly cash flow. I think about money very simply. You need to have a money very simply. You need to have a money very simply. You need to have a monthly cash flow that's larger than monthly cash flow that's larger than monthly cash flow that's larger than your monthly expenses. Why? Because you your monthly expenses. Why? Because you your monthly expenses. Why? Because you need to live below your means in case of need to live below your means in case of need to live below your means in case of inflation or currency devaluation. inflation or currency devaluation. inflation or currency devaluation. This cash flow can be from a pension, This cash flow can be from a pension, This cash flow can be from a pension, rents on property, a 401k, rents on property, a 401k, rents on property, a 401k, retirement savings, withdrawals, retirement savings, withdrawals, retirement savings, withdrawals, dividend payments, and passive income dividend payments, and passive income dividend payments, and passive income from a business and social security. How from a business and social security. How from a business and social security. How large should your monthly cash flow be? large should your monthly cash flow be? large should your monthly cash flow be? Enough to pay for all of your expenses, Enough to pay for all of your expenses, Enough to pay for all of your expenses, plus enough more to increase your plus enough more to increase your plus enough more to increase your emergency fund. If you're able to pay emergency fund. If you're able to pay emergency fund. If you're able to pay off all of your living expenses, plus off all of your living expenses, plus off all of your living expenses, plus increase the size of your emergency fund increase the size of your emergency fund increase the size of your emergency fund each month, then you have a better each month, then you have a better each month, then you have a better chance of being successful, then you'll chance of being successful, then you'll chance of being successful, then you'll be accounting for inflation and currency be accounting for inflation and currency be accounting for inflation and currency fluctuations.

fluctuations. fluctuations. Okay? You also need an emergency fund Okay? You also need an emergency fund Okay? You also need an emergency fund before you leave your home country. And before you leave your home country. And before you leave your home country. And on top of the assets creating your on top of the assets creating your on top of the assets creating your monthly cash flow, you also need a large monthly cash flow, you also need a large monthly cash flow, you also need a large pool of money that you can access in pool of money that you can access in pool of money that you can access in case of an emergency. case of an emergency. case of an emergency. You can't rely on your cash flow money You can't rely on your cash flow money You can't rely on your cash flow money for this because the cash flow pays for for this because the cash flow pays for for this because the cash flow pays for typical living expenses and it's not typical living expenses and it's not typical living expenses and it's not designed to pay for large emergencies. designed to pay for large emergencies. designed to pay for large emergencies. Your emergency fund needs to be Your emergency fund needs to be Your emergency fund needs to be immediately available to you and in case immediately available to you and in case immediately available to you and in case of emergency, but I would keep it in my of emergency, but I would keep it in my of emergency, but I would keep it in my home country bank. I talk about that in home country bank. I talk about that in home country bank. I talk about that in my international banking mistakes my international banking mistakes my international banking mistakes report. I believe your emergency fund report. I believe your emergency fund report. I believe your emergency fund should be completely separate from any should be completely separate from any should be completely separate from any of the assets that are the source of of the assets that are the source of of the assets that are the source of your monthly cash flow. If you start your monthly cash flow. If you start your monthly cash flow. If you start dipping into the assets that are the dipping into the assets that are the dipping into the assets that are the source of your monthly cash flow during source of your monthly cash flow during source of your monthly cash flow during an emergency, that's likely to reduce an emergency, that's likely to reduce an emergency, that's likely to reduce the monthly cash flow you receive in the monthly cash flow you receive in the monthly cash flow you receive in future months. Your emergency fund must future months. Your emergency fund must future months. Your emergency fund must grow over time, not decrease. How large grow over time, not decrease. How large grow over time, not decrease. How large should your emergency fund be?

should your emergency fund be? should your emergency fund be? That depends on a number of factors. That depends on a number of factors. That depends on a number of factors. Reliability of monthly cash flow, rents. Reliability of monthly cash flow, rents. Reliability of monthly cash flow, rents. If your monthly cash flow is based upon If your monthly cash flow is based upon If your monthly cash flow is based upon rents, say in a rental property that you rents, say in a rental property that you rents, say in a rental property that you receive back home, what if the property receive back home, what if the property receive back home, what if the property goes vacant for 3 to 6 months, your goes vacant for 3 to 6 months, your goes vacant for 3 to 6 months, your emergency fund must be large enough that emergency fund must be large enough that emergency fund must be large enough that any eruptions in your monthly cash flow any eruptions in your monthly cash flow any eruptions in your monthly cash flow source so you are not flying home at the source so you are not flying home at the source so you are not flying home at the first sign of trouble pension. However, first sign of trouble pension. However, first sign of trouble pension. However, if your monthly cash flow is based upon if your monthly cash flow is based upon if your monthly cash flow is based upon a check you received from your a check you received from your a check you received from your government, like say social security, government, like say social security, government, like say social security, it's likely to be more reliable than a it's likely to be more reliable than a it's likely to be more reliable than a tenants's rents. Dividends. What if your tenants's rents. Dividends. What if your tenants's rents. Dividends. What if your monthly cash flow is based upon monthly cash flow is based upon monthly cash flow is based upon dividends from compan stocks? What are dividends from compan stocks? What are dividends from compan stocks? What are the chances the dividends could change the chances the dividends could change the chances the dividends could change each year? Your emergency fund may have each year? Your emergency fund may have each year? Your emergency fund may have to cover a few down years of dividend to cover a few down years of dividend to cover a few down years of dividend income. Passive income. How likely is income. Passive income. How likely is income. Passive income. How likely is passive income you receive to continue? passive income you receive to continue? passive income you receive to continue? If it's reduced, how likely and soon If it's reduced, how likely and soon If it's reduced, how likely and soon would you be able to replace it? It would you be able to replace it? It would you be able to replace it? It could take a few years to build a new could take a few years to build a new could take a few years to build a new business. Think about the possible business. Think about the possible business. Think about the possible threats to your monthly cash flow and threats to your monthly cash flow and threats to your monthly cash flow and how quickly you could replace them with how quickly you could replace them with how quickly you could replace them with another source of income if it were to another source of income if it were to another source of income if it were to happen. The size of your emergency fund happen. The size of your emergency fund happen. The size of your emergency fund should be large enough to cover for should be large enough to cover for should be large enough to cover for these interruptions to your cash flow these interruptions to your cash flow these interruptions to your cash flow until you can adjust and replace them.

until you can adjust and replace them. until you can adjust and replace them. If your monthly cash flow is less If your monthly cash flow is less If your monthly cash flow is less reliable, then your emergency fund reliable, then your emergency fund reliable, then your emergency fund should be higher. Potential emergencies should be higher. Potential emergencies should be higher. Potential emergencies you could face, healthc care emergency. you could face, healthc care emergency. you could face, healthc care emergency. Do you have health insurance anywhere in Do you have health insurance anywhere in Do you have health insurance anywhere in the world to cover treatments that may the world to cover treatments that may the world to cover treatments that may occur as you age? Or are you occur as you age? Or are you occur as you age? Or are you self-insured like me? Self- insurance self-insured like me? Self- insurance self-insured like me? Self- insurance means I pay for medical out of pocket as means I pay for medical out of pocket as means I pay for medical out of pocket as needed. If you don't have health needed. If you don't have health needed. If you don't have health insurance, are you aware of what insurance, are you aware of what insurance, are you aware of what treating various diseases would cost in treating various diseases would cost in treating various diseases would cost in medical tourism countries? I was in the medical tourism countries? I was in the medical tourism countries? I was in the hospital in India for 5 days about 15 hospital in India for 5 days about 15 hospital in India for 5 days about 15 years ago, 20 years ago nearly, and the years ago, 20 years ago nearly, and the years ago, 20 years ago nearly, and the bill was around 1,600 US. In America, bill was around 1,600 US. In America, bill was around 1,600 US. In America, that bill would have been 40 to $80,000. that bill would have been 40 to $80,000. that bill would have been 40 to $80,000. If that happened in the US at the time, If that happened in the US at the time, If that happened in the US at the time, my deductible alone in the US would have my deductible alone in the US would have my deductible alone in the US would have cost more than five times as much as the cost more than five times as much as the cost more than five times as much as the entire treatment in India. And that was entire treatment in India. And that was entire treatment in India. And that was an expat hospital in a private room, all an expat hospital in a private room, all an expat hospital in a private room, all super clean with modern equipment and super clean with modern equipment and super clean with modern equipment and foldout couch and sitting area where foldout couch and sitting area where foldout couch and sitting area where friends could live with me comfortably friends could live with me comfortably friends could live with me comfortably as I recovered. Medical tourism. Did you as I recovered. Medical tourism. Did you as I recovered. Medical tourism. Did you know that outrageous medical costs in know that outrageous medical costs in know that outrageous medical costs in the US have spawned an entire industry the US have spawned an entire industry the US have spawned an entire industry around the world called medical tourism?

around the world called medical tourism? around the world called medical tourism? Whatever disease you end up with, one of Whatever disease you end up with, one of Whatever disease you end up with, one of the best doctors in the world for that the best doctors in the world for that the best doctors in the world for that disease could be a fraction of what it disease could be a fraction of what it disease could be a fraction of what it would cost for the same treatment in the would cost for the same treatment in the would cost for the same treatment in the US. If you're lucky like I was, the US. If you're lucky like I was, the US. If you're lucky like I was, the entire bill could be less than my entire bill could be less than my entire bill could be less than my deductible would have been in the US. deductible would have been in the US. deductible would have been in the US. Okay. Expenses back home. What emergency Okay. Expenses back home. What emergency Okay. Expenses back home. What emergency could happen back home if you're renting could happen back home if you're renting could happen back home if you're renting your house? What if it needs a new roof, your house? What if it needs a new roof, your house? What if it needs a new roof, new plumbing, a new furnace, or new air new plumbing, a new furnace, or new air new plumbing, a new furnace, or new air conditioning unit? So, after thinking conditioning unit? So, after thinking conditioning unit? So, after thinking about the reliability of monthly cash about the reliability of monthly cash about the reliability of monthly cash flow and potential emergencies I could flow and potential emergencies I could flow and potential emergencies I could face, I decided I would set my emergency face, I decided I would set my emergency face, I decided I would set my emergency fund equal to 3 years of my monthly cash fund equal to 3 years of my monthly cash fund equal to 3 years of my monthly cash flow. Now, I'm not telling you that 36 flow. Now, I'm not telling you that 36 flow. Now, I'm not telling you that 36 months is enough for all possible months is enough for all possible months is enough for all possible emergencies you will face in life. Many emergencies you will face in life. Many emergencies you will face in life. Many of you will need much more than that. I of you will need much more than that. I of you will need much more than that. I eat healthy food, run 5 days a week, and eat healthy food, run 5 days a week, and eat healthy food, run 5 days a week, and keep my my vices down to a minimum. I keep my my vices down to a minimum. I keep my my vices down to a minimum. I stay within 10% of my ideal body weight, stay within 10% of my ideal body weight, stay within 10% of my ideal body weight, but there's no guarantee that I'll even but there's no guarantee that I'll even but there's no guarantee that I'll even be alive tomorrow. I'm just telling you be alive tomorrow. I'm just telling you be alive tomorrow. I'm just telling you my comfort level after being in foreign my comfort level after being in foreign my comfort level after being in foreign hospitals and living all over the world.

hospitals and living all over the world. hospitals and living all over the world. It's 36 months. I'm not telling you this It's 36 months. I'm not telling you this It's 36 months. I'm not telling you this will be enough for you. I'm also not will be enough for you. I'm also not will be enough for you. I'm also not telling you that 36 months of cash flow telling you that 36 months of cash flow telling you that 36 months of cash flow is the minimum that everyone needs is the minimum that everyone needs is the minimum that everyone needs before they leave their home country. before they leave their home country. before they leave their home country. Heck, I interviewed a guy last week that Heck, I interviewed a guy last week that Heck, I interviewed a guy last week that was comfortable moving to the was comfortable moving to the was comfortable moving to the Philippines on about 2500 in his Philippines on about 2500 in his Philippines on about 2500 in his emergency fund. But that seems too risky emergency fund. But that seems too risky emergency fund. But that seems too risky to me. I would not personally leave the to me. I would not personally leave the to me. I would not personally leave the country with so little in my emergency country with so little in my emergency country with so little in my emergency fund in a US bank. Ultimately, you have fund in a US bank. Ultimately, you have fund in a US bank. Ultimately, you have to decide for yourself. There's no to decide for yourself. There's no to decide for yourself. There's no safety net once you leave your home safety net once you leave your home safety net once you leave your home country. So, think about this carefully. country. So, think about this carefully. country. So, think about this carefully. Maybe you would feel comfortable asking Maybe you would feel comfortable asking Maybe you would feel comfortable asking family or friends for money, but that family or friends for money, but that family or friends for money, but that isn't me. I've been independent my isn't me. I've been independent my isn't me. I've been independent my entire life. I feel comfortable with 36 entire life. I feel comfortable with 36 entire life. I feel comfortable with 36 months of cash flow in my emergency months of cash flow in my emergency months of cash flow in my emergency fund. Remember, your monthly cash flow fund. Remember, your monthly cash flow fund. Remember, your monthly cash flow should be more than your living should be more than your living should be more than your living expenses. And don't assume you'll be expenses. And don't assume you'll be expenses. And don't assume you'll be able to live consistently on a low able to live consistently on a low able to live consistently on a low monthly cost of living just because monthly cost of living just because monthly cost of living just because other people are and talking about lower other people are and talking about lower other people are and talking about lower numbers in their videos. We have videos numbers in their videos. We have videos numbers in their videos. We have videos from time to time where people live on from time to time where people live on from time to time where people live on under $1,500 a month. In some parts of under $1,500 a month. In some parts of under $1,500 a month. In some parts of the world once in a while, we have the world once in a while, we have the world once in a while, we have videos where people live on under $1,000 videos where people live on under $1,000 videos where people live on under $1,000 a month. But don't assume you can do a month. But don't assume you can do a month. But don't assume you can do that when you set your monthly living that when you set your monthly living that when you set your monthly living expenses. You have to do an exploratory expenses. You have to do an exploratory expenses. You have to do an exploratory visit on the ground in a target country visit on the ground in a target country visit on the ground in a target country before you will have a better idea of before you will have a better idea of before you will have a better idea of what your living expenses will be in any

what your living expenses will be in any what your living expenses will be in any particular country based on where you particular country based on where you particular country based on where you live, where you eat, how you entertain live, where you eat, how you entertain live, where you eat, how you entertain yourself. yourself. yourself. There's a rare breed of person who can There's a rare breed of person who can There's a rare breed of person who can live on so little money. And it's not a live on so little money. And it's not a live on so little money. And it's not a realistic expectation for someone new at realistic expectation for someone new at realistic expectation for someone new at living overseas. A few of you may be living overseas. A few of you may be living overseas. A few of you may be able to achieve such low numbers after able to achieve such low numbers after able to achieve such low numbers after you were experienced, but those kinds of you were experienced, but those kinds of you were experienced, but those kinds of lowcost living numbers should not be lowcost living numbers should not be lowcost living numbers should not be used to set your emergency fund before used to set your emergency fund before used to set your emergency fund before you leave your home country. But there's you leave your home country. But there's you leave your home country. But there's one more thing I decided to do. I one more thing I decided to do. I one more thing I decided to do. I decided to set a safety parachute so I decided to set a safety parachute so I decided to set a safety parachute so I would know when to give up and go home. would know when to give up and go home. would know when to give up and go home. Okay, so what is a safety parachute? I Okay, so what is a safety parachute? I Okay, so what is a safety parachute? I set my emergency fund amount at 36 times set my emergency fund amount at 36 times set my emergency fund amount at 36 times my monthly cash flow. That is the my monthly cash flow. That is the my monthly cash flow. That is the minimum amount I'm willing to have in my minimum amount I'm willing to have in my minimum amount I'm willing to have in my emergency fund to cover my unforeseen emergency fund to cover my unforeseen emergency fund to cover my unforeseen emergencies. I set my emergency fund emergencies. I set my emergency fund emergencies. I set my emergency fund amount to 36 months, mainly because I'm amount to 36 months, mainly because I'm amount to 36 months, mainly because I'm self-insured for medical. I might set it self-insured for medical. I might set it self-insured for medical. I might set it a slightly lower if I decided to buy a slightly lower if I decided to buy a slightly lower if I decided to buy medical insurance. Did you know that an medical insurance. Did you know that an medical insurance. Did you know that an annual health insurance premium in some annual health insurance premium in some annual health insurance premium in some of these countries could be less than of these countries could be less than of these countries could be less than two months of your US premiums? So, how two months of your US premiums? So, how two months of your US premiums? So, how does my safety fund parachute work?

does my safety fund parachute work? does my safety fund parachute work? Remember, the emergency fund is there so Remember, the emergency fund is there so Remember, the emergency fund is there so I could pay for emergencies, but these I could pay for emergencies, but these I could pay for emergencies, but these are foreseeable emergencies in one way are foreseeable emergencies in one way are foreseeable emergencies in one way or another. But I also try to grow my or another. But I also try to grow my or another. But I also try to grow my emergency fund each month by not emergency fund each month by not emergency fund each month by not spending all of my monthly cash flow. So spending all of my monthly cash flow. So spending all of my monthly cash flow. So the emergency fund is is just a start the emergency fund is is just a start the emergency fund is is just a start state I set before leaving my home state I set before leaving my home state I set before leaving my home country. Remember this is how I think country. Remember this is how I think country. Remember this is how I think about the two biggest risks, money and about the two biggest risks, money and about the two biggest risks, money and health. And I'm not suggesting this is health. And I'm not suggesting this is health. And I'm not suggesting this is right for you. This is not advice. I am right for you. This is not advice. I am right for you. This is not advice. I am just sharing how I deal with this with just sharing how I deal with this with just sharing how I deal with this with these two issues. So what is my these two issues. So what is my these two issues. So what is my parachute then? I figure that if I'm parachute then? I figure that if I'm parachute then? I figure that if I'm going to run out of money at one point going to run out of money at one point going to run out of money at one point or another, I would prefer to run out of or another, I would prefer to run out of or another, I would prefer to run out of money in the US where I might have a money in the US where I might have a money in the US where I might have a softer landing. I don't expect I'll ever softer landing. I don't expect I'll ever softer landing. I don't expect I'll ever run out of money, but if I do, I intend run out of money, but if I do, I intend run out of money, but if I do, I intend to do it in the US. I know the language to do it in the US. I know the language to do it in the US. I know the language in the US. I have family and friends in the US. I have family and friends in the US. I have family and friends there and I might even be entitled to there and I might even be entitled to there and I might even be entitled to social services as I get older in the US social services as I get older in the US social services as I get older in the US that I would not be entitled to outside that I would not be entitled to outside that I would not be entitled to outside the US because I would be a foreigner the US because I would be a foreigner the US because I would be a foreigner there. So, I've set my parachute fund at there. So, I've set my parachute fund at there. So, I've set my parachute fund at 24 times my monthly cash flow. If my 24 times my monthly cash flow. If my 24 times my monthly cash flow. If my emergency fund ever drops to below 24 emergency fund ever drops to below 24 emergency fund ever drops to below 24 times my monthly cash flow, I'll buy a times my monthly cash flow, I'll buy a times my monthly cash flow, I'll buy a ticket back to the US. I figure with 24 ticket back to the US. I figure with 24 ticket back to the US. I figure with 24 times my monthly cash flow still in the times my monthly cash flow still in the times my monthly cash flow still in the emergency fund, I would have a fairly emergency fund, I would have a fairly emergency fund, I would have a fairly soft landing back in the US. So that's soft landing back in the US. So that's soft landing back in the US. So that's how I overcome the two biggest risks of

how I overcome the two biggest risks of how I overcome the two biggest risks of retiring overseas. I have a monthly cash retiring overseas. I have a monthly cash retiring overseas. I have a monthly cash flow that I do not completely spend each flow that I do not completely spend each flow that I do not completely spend each month. That cash flow comes through my month. That cash flow comes through my month. That cash flow comes through my online business. I also have a online business. I also have a online business. I also have a completely separate emergency fund I try completely separate emergency fund I try completely separate emergency fund I try to grow each month. And I have a safety to grow each month. And I have a safety to grow each month. And I have a safety parachute number that I monitor in parachute number that I monitor in parachute number that I monitor in emergency fund. If my emergency fund emergency fund. If my emergency fund emergency fund. If my emergency fund ever drops below 24 months, I will buy a ever drops below 24 months, I will buy a ever drops below 24 months, I will buy a ticket back to the US so I know I'll ticket back to the US so I know I'll ticket back to the US so I know I'll have a soft landing. Since I would have a soft landing. Since I would have a soft landing. Since I would rather not become desperate in a foreign rather not become desperate in a foreign rather not become desperate in a foreign country, I'll pull my safety parachute country, I'll pull my safety parachute country, I'll pull my safety parachute if my emergency fund falls below 24 if my emergency fund falls below 24 if my emergency fund falls below 24 months. Now, I'm not recommending that months. Now, I'm not recommending that months. Now, I'm not recommending that you follow my thinking on this. I think you follow my thinking on this. I think you follow my thinking on this. I think that is a conversation you need to have that is a conversation you need to have that is a conversation you need to have with your financial planner, your with your financial planner, your with your financial planner, your lawyer, your accountant, or someone that lawyer, your accountant, or someone that lawyer, your accountant, or someone that knows what they are talking about. I'm knows what they are talking about. I'm knows what they are talking about. I'm just a guy on the internet with a just a guy on the internet with a just a guy on the internet with a computer that reads a lot. Most people computer that reads a lot. Most people computer that reads a lot. Most people in the world are more risk averse than in the world are more risk averse than in the world are more risk averse than me. So, you should think about setting me. So, you should think about setting me. So, you should think about setting your minimum higher than mine. If you your minimum higher than mine. If you your minimum higher than mine. If you need to increase your monthly cash flow need to increase your monthly cash flow need to increase your monthly cash flow before you're ready to leave your home before you're ready to leave your home before you're ready to leave your home country, check out my hobby income country, check out my hobby income country, check out my hobby income course. I'll put a link below. The course. I'll put a link below. The course. I'll put a link below. The course teaches how I turned my favorite course teaches how I turned my favorite course teaches how I turned my favorite hobby into a monthly cash flow that hobby into a monthly cash flow that hobby into a monthly cash flow that exceeds my travel expenses or grab a exceeds my travel expenses or grab a exceeds my travel expenses or grab a free copy of my ebook, How I Fire Boss free copy of my ebook, How I Fire Boss free copy of my ebook, How I Fire Boss and Travel the World for 14 years. Okay, and Travel the World for 14 years. Okay, and Travel the World for 14 years. Okay, I promised to share six other smaller I promised to share six other smaller I promised to share six other smaller risk factors as a bonus if you listen risk factors as a bonus if you listen risk factors as a bonus if you listen till the end. Well, here they are. Just

till the end. Well, here they are. Just till the end. Well, here they are. Just click the more information link to come click the more information link to come click the more information link to come to vagabondbuda.com to vagabondbuda.com to vagabondbuda.com to see how I deal with these other to see how I deal with these other to see how I deal with these other risks. How to travel the world safely. risks. How to travel the world safely. risks. How to travel the world safely. Do not retire overseas before your Do not retire overseas before your Do not retire overseas before your exploratory visit. Who should not retire exploratory visit. Who should not retire exploratory visit. Who should not retire cheap overseas? Why retired expats cheap overseas? Why retired expats cheap overseas? Why retired expats should not buy real estate overseas. Why should not buy real estate overseas. Why should not buy real estate overseas. Why many expats cannot live cheap overseas. many expats cannot live cheap overseas. many expats cannot live cheap overseas. Why you should wait before getting your Why you should wait before getting your Why you should wait before getting your retirement visa. retirement visa. retirement visa. Top 10 mistakes international retirees Top 10 mistakes international retirees Top 10 mistakes international retirees make and do not try to retire on a make and do not try to retire on a make and do not try to retire on a thousand a month before reading this. thousand a month before reading this. thousand a month before reading this. This is Dan of Vagaban awake the YouTube This is Dan of Vagaban awake the YouTube This is Dan of Vagaban awake the YouTube channel for vagabond.com. channel for vagabond.com. channel for vagabond.com. The world is your home. What time we'd The world is your home. What time we'd The world is your home. What time we'd be home for