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Do you even plan your retirement?


by @gnclmorais | 6yr  | 6 comments

This is something that always bothered me, even outside the nomad lifestyle. Having to navigate through the planning, paperwork and headaches of your imminent retirement.

Is this something you are planning already? If so, how are you doing it? Are you setting it up on your โ€œhomeโ€ country? I must admit Iโ€™m terribly at blank here.

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@wanderingdev | 5yr

Yep, iโ€™m investing for retirement and planning what my lifestyle will be so I have the money to fund it. Also working on passive income stuff. My investments are in my home country (US) though that might change at some point. Iโ€™m also with vanguard because Iโ€™ve been investing with them for almost 30 years and I used to work for them so theyโ€™re by far my first choice.

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@pashley | 5yr

Retire abroad?
https://en.wikivoyage.org/wiki/Retiring_abroad

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@angsmith | 6yr

I agree with Manu & am following a similar path.

I invest in ETFโ€™s (through Vanguard) which often have a better return than most super funds over the long-term & keep an emergency savings fund in a high interest account. I donโ€™t contribute to any super fund in my home country anymore - itโ€™s something Iโ€™ve thought about back & forth, but Iโ€™d rather have relatively liquid investments/savings that I can control & use towards a business & property vs locking them up in a fund that I donโ€™t get until Iโ€™m 65.

I work full-time remotely for a startup right now, but I will eventually start my own business & try to keep it as passive as possible.

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@manu | 6yr

I plan to follow Justin and Jacob into extreme early retirement and then do whatever startup project is fun from there, no matter the monetary perspectives.

The key is to build up passive income (from businesses and investment) and keep expenses in check. Personally I found passive business income much easier to build than investment income. A server or web app can easily beat every stock market index, but itโ€™s harder to scale it up.

The concept of retirement will drastically change in the next decades. As baby boomers in the West retire, it will be hard to keep everyoneโ€™s living standard during classical retirement. There will be many โ€œretiredโ€ people still working to make ends meet financially

On the other hand we will have a number of very old people working, simply because they love their jobs. I personally know a number of them. None of them will even consider retiring, while they still stand.

As nomads we have the big advantage of global arbitrage and the flexibility to follow booming regions and industries. This makes it easy to quickly declare retirement (in the new sense) and do whatever is fun from there. Itโ€™s just important to stay active, learn new things and adapt to the world.

For anyone, who retired in the classic sense and now gets a pension from a state or company, I recommend to move to a country you like and start a second career there. Charity, resort manager, bar owner, etc. Donโ€™t make the mistake of disconnecting in a closed retirement home.

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@gnclmorais | 6yr

Hi manu!

Yes, I agree with you in several points. I see myself working virtually forever, even if I eventually get tired of being a developer. Thanks for sharing your experience!
My question was more in the sense of what actions are you taking to secure your future, specially in the case of a future where (for some unfortunate reason) you wonโ€™t be able to actively generate income as you do now. Iโ€™m interested in knowing if people are taking a more traditional way (setting up some future plan in a country of their choice) or setting up something more visionary (like you said, passive incomes & businesses).

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@manu | 6yr

Sorry, if my answer was too broad. I can clarify:

  • investments: Buy broad ETFs at a low cost. Donโ€™t waste your time in stock picking and avoid fees. Keep cool, when theyโ€™re down. Have one or two years of emergency cash outside the portfolio to ride out a market downturn.
  • passive income: Build a small business or invest in one. Once it rolls, pass the operations side on to someone else. Do consulting in an area you know well. Write a book, record an online course, anything that keeps on giving.

If you mean something like disability insurance, I looked at them and found them a very bad deal. Most will end a 65. The two categories above will be your best insurance.

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What's the best thing to do with your phone/ your phone number when travelling?


in Poland by @davda1546 | 6d 5 days ago | 6 comments

Hey, hope everyone is well!

We're leaving in a month to go travelling. Our first destination is still to be confirmed, but will likely be Poland or Slovakia. We will be moving around every month or two to different destinations.

The question we have is: what do people do with phones/ phone numbers when hopping from country to country? Ideally we'd just like one number for the whole trip (even better, the number we already have) wherever we go, rather than getting new SIMs with different numbers.

This is just so it's easier to keep in contact with family/ clients/ etc.

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Best place in Portugal near cool nomads, good surf, and a great cowork spot


in Portugal by @joelnicholson | 11d 10 days ago | 6 comments

Hi there, title says it all. Canadian nomad hoping to find the city/town in Portugal with great, consistent surfing, a solid coworking spot, and a fun group of young nomads. Please recommend!

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How to learn a language without taking a formal class?


by @zakamercury | 18d 17 days ago | 3 comments

How to learn a language without taking a formal class, while traveling in different countries?

What advice can you give me?

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Where do I get good legal advice/support to have a long-term stay?


in Lisbon, Portugal by @mzorrilla | 1mo 1 month ago | 1 comment

Hello, everyone!

My idea is to stay as low as 6 months and as long as a year (maybe, who knows) over Lisbon after doing some analysis from many cities in Europe.

I'm an Argentinian and Chilean (both nationalities) so... no Euro-pass for me (getting my Italian nationality could take 2 years easily). I'm also a remote worker and I have a really good income (I work for a Silicon Valley company) so I can show more than enough resources to stay in the country.

Everything I see online doesn't inspire me much confidence (most sites looks a bit scammy) and this is not a "vacation stay"... I want to be clear my head far away from Argentina right now. If someone has a good website, recommendations, etc I will super appreciate.

Thanks in advance!

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