Do you dream of expatriating? Leaving your old life behind and starting fresh in a beachfront paradise? Do you want to escape the cold and snow FOREVER? Well now you can learn how to do it... for FREE.
Read Richard's Story...
Richard: I'm living in Costa Rica right now, just outside the Guanacaste Region. I’m originally from the United States, specifically Washington state. I never got used to the cold weather. I hate shoveling snow. Whenever I had vacation time, I would drive down to Oregon or Shasta Lake in Northern California so I could enjoy the warmer weather. I don’t know what kept me in Washington for so long, except that I was used to it—humans are adverse to change, I guess.
I had a miserable job working for the state as a Data Analyst. I tried to stick it out until retirement, but I had a mild heart attack at 45. That was my wake-up call. I knew I would never make it to retirement if I stayed. I would end up in the hospital, instead. I knew that I needed serenity in my life, or I knew that I was going to end up in an early grave.
I decided to make a change. I took time off. I requested FMLA leave (due to health reasons and my heart attack). My employer was understanding about it, but I knew that they expected me to come back. I didn’t want to return to my job, but I needed time to think.
I never intended to become an expat, I went down to Costa Rica just to relax and decide what the next step in my life would be. I was recently divorced, and my kids were in college. I didn’t have anything tying me to the U.S. except my house—and a job that I despised.
While in Costa Rica, I met other expats. They all seemed a lot happier than me. That was what convinced me that I could live the rest of my life here. I spent three weeks in Costa Rica; a lot of time fishing and exploring the jungle. I lost 10 pounds! It ended up a very reflective period of my life.
I knew only basic Spanish (I took 4 years of Spanish in High School and spoke it occasionally at work, but I was very rusty). Still, I managed to communicate with the locals, who were all friendly and understanding.
After literally a few days of research, I went back to the U.S. and got my stuff in order. I sold my condo and most of my furniture and other belongings. That took about two months.
I contacted a few relocation companies and decided it wasn’t worth it to hold on to all my old stuff and take it with me. I kept some clothes, my golf clubs, and a few sentimental items that I packed up in boxes that I left in my brother’s garage. That’s it.
There wasn’t much profit in the home sale, but it was enough to pay for my move. I quit my job a month after that. All my coworkers were shocked. Some were even a little jealous. Everyone wanted to know how I was going to survive. I simply told them, “I’ll manage.” And it was true!
You can live on less than $1,000 per month down here depending on how you want to live. That’s especially true if you’re single and live away from the tourist zones. That’s certainly a lot more money than most of the local ticos earn in a single month.
I didn’t apply for Costa Rican residency right away. I did what a lot of other expats do—I entered on a visitor’s visa and did a “visa run” every 90 days to renew my visa. I’ve done border runs to Panama and Nicaragua, sometimes even staying up to a week to explore those other countries. But I always come back to Costa Rica.
I kept two U.S. bank accounts, just in case. One with a big bank and one with a smaller, regional bank. I had a problem with Bank of America a few years ago where a scammer drained my bank account, and I was without money for several weeks while the B of A’s fraud department sorted it out. Having all your eggs in one basket can be a recipe for disaster. I’ll never keep all my money in just one bank ever again.
For income, I had some carpentry experience and did some odd jobs for other expats who wanted to build an outdoor deck or some shelving. Nothing regular, though, so I knew I would have to get a “legitimate” source of income eventually.
I decided to become a landlord. I ended up purchasing a “fixer-upper” home and subdivided it into three rental studios, plus a small main house for me to live. Each studio is a separate vacation rental. Each one sleeps up to 4 people and has two beds plus a futon. I have a crib for couples with small children and some other small amenities, but they are pretty simple.
Each one has a simple kitchen with a 2-burner hotplate and a dorm-style refrigerator. I keep the price low in order to attract bargain hunters and students. I get some retirees, too, older couples who want to come down and enjoy Costa Rica on a budget.
I advertise online using Airbnb and Flipkey. I’ve used a few other websites, but most of my rental income comes from bookings on those two. I also maintain a simple website that I pay about $10 a month for through Weebly. I just upload pictures of the property and modify the website myself. I’ll put up a blog post every now and then if there’s something happening around town. I want to make sure that I have an actual website so renters can look me up and see that I’m legitimate, and not some fly-by-night scammer.
It’s worked out well for me. I stay pretty busy and usually have at least one of the studios occupied.
That’s how I make my living down here. If I can do it, anyone can.
Get the New Expat Fever Books for Free until May 20, 2018!
For only 5 days, our entire new series is available for FREE on Amazon Kindle. Take advantage of this offer and get the best information on how to expatriate to Costa Rica, La Paz, Playa del Carmen, Tulum, Todos Santos, and Los Cabos. We also have two new books in the works for Manzanillo and San Miguel de Allende. Get all six of the new Expat Fever books for FREE until May 20, 2018!
Thinking about expatriating to Baja California Sur? Cabo San Lucas, La Paz, or San Jose del Cabo caught your fancy? Then consider the beauty of Baja!
This particular book discusses Baja California Sur (BCS).
We cover the following cities:
This book also includes answers to common questions, a reference section for local schools, and several insightful interviews with local residents a well as a Mexican immigration attorney. Learn candid information to help you on your personal expat journey!
Search this blog
Just a middle-class dad and mom with three young kids, looking to escape the rat race. This is our journey!
Please note that on this blog we don't automatically get an email if you leave a comment. So please contact us directly via Facebook or our contact form here.