We’ve been working on residency in Panama in preparation for our permanent move in about a year. My lawyer just contacted me yesterday with news that we need to return for the second to last stage of our application process.
On the road again!
Of course, since we last traveled, airfare has almost doubled, and I’m seriously pregnant. Not to mention we have three children ages three-years-old to seven and Panama is deep into its rainy season. I have three weeks to get there.
This.
Will.
Be.
Fun.
But the good news is that we all fly well. My children are disciplined and love to travel. And this is not a vacation (could you imagine if this were? What are we, crazy?); it’s an investment in our futures.
We are all told to diversify when investing. Of course, to most that means put all your money in a 401K and let someone else “diversify” it for you among lots of different losing stocks. Oh yeah, and buy a house. That’s always a winner.
We think a little differently. When it comes to investing with money, we diversify with regards to currencies, commodities, foreign stocks and foreign banks. When it comes to where you live, why not diversify your options there, too? That’s our attitude with moving to another country. We seek true diversification, and we believe it will pay off with more opportunities, adventure, education and, frankly, another place to be if this country should ever become a place most of us would not want to reside.
Expand your definition of diversification to extend beyond this country, whether it be money, investments, retirement, or residency. There are options for all us, no matter your income, education, age, or even if you have a few younger rugruts to contend with.
I’ll be bringing those options to the table in future posts.
Until then, look for my upcoming reports from Panama City, Panama.
Adiós amigos,
Mels
