countries to retire in

So I'm 20 years old, recently acquired a $500k inheritance, and am basically considering retiring now. For context, I currently make approximately $20 per hour from doing freelance translation (basically just a paid hobby for me). I'm thinking of buying a nice house in a nice area of a developing country with that money and then using my meagre freelance translation income (which in a developing country will go very far, especially since I don't have to worry about rent) just to cover generous personal expenses. Which countries would be best for this?

  1. 4 weeks ago
    Anonymous

    america. land with well water access and ability to hunt. like every other rich billionaire in the world.

  2. 4 weeks ago
    Anonymous

    isn't 500k like 2 weeks rent+food?
    Invest in tesla and cokedoins
    Money makes a the money

  3. 4 weeks ago
    Anonymous

    It's the worst time to buy a house right now, wait until it's a buyers market.

    • 4 weeks ago
      Anonymous

      You seem to be confused about what the word "retirement" means. Buying a house somewhere and continuing to work isn't retiring, it's called being an adult.

      It's a good time to buy a house right now if you're buying cash, it's only a bad time to take out a mortgage because the higher rate of inflation will outstrip the savings from the falling prices.

  4. 4 weeks ago
    Anonymous

    how about wherever your 2nd language is from since you are a translator

  5. 4 weeks ago
    Anonymous

    Larp thread

    • 4 weeks ago
      Anonymous

      not a LARP

      isn't 500k like 2 weeks rent+food?
      Invest in tesla and cokedoins
      Money makes a the money

      >$500k
      >retirement

      KEK

      Haha, so funny! We get it, you're rich... not everyone wants to join the rat race...

      how about wherever your 2nd language is from since you are a translator

      Japan is a pretty miserable place to live though

      I certainly hope this is a LARP and not the state of you gen z retards these days.
      What sort of 20 year old behaves so god damn old? You're 20, have a shit ton of money and want to behave like a 70 year old? Jesus, go travel and have some fun, maybe even to try and have sex... Crazy idea, worry about being old when you're old

      >boomer tells me to have sex

      • 4 weeks ago
        Anonymous

        >Japan is a pretty miserable place to live though
        Only if you have to work. Which you will have to to have any chance of immigrating there, so yeah still off the table for you.

      • 4 weeks ago
        Anonymous

        I'm 34 so I think technically a millennial but if you genuinely are not larping then you are a total waste of oxygen
        Go have fun and enjoy your life, I can guarantee at 20 you have 0 life experience. You don't get your time again so go enjoy it

  6. 4 weeks ago
    Anonymous

    I certainly hope this is a LARP and not the state of you gen z retards these days.
    What sort of 20 year old behaves so god damn old? You're 20, have a shit ton of money and want to behave like a 70 year old? Jesus, go travel and have some fun, maybe even to try and have sex... Crazy idea, worry about being old when you're old

  7. 4 weeks ago
    Anonymous

    >$500k
    >retirement

    KEK

  8. 4 weeks ago
    Anonymous

    Alright, I'm no expert, just an autistic retard that's spent way too much time researching into things like this. For starters, I'm going to assume you're an American.

    I'll talk about a few countries across the globe.

    One country I'd recommend is Mexico. To become a citizen, you just need to invest approx. $250k to $300k to automatically apply for residency. Look for places in Playa Del Carmen, for example. However, the further away from major cities, the more questionable the nightlife and healthcare is. There's some restrictions as to where you can buy property, so you need to look into whether these restrictions bother you or not. Furthermore, Mexico has universal healthcare, and you're close to the States. It's not bad.

    In South America, I'd recommend Ecuador. Weather is springlike year round, so no worries about sweltering heat or blistering cold. The national currency is actually the USD. It's also one of the safest places to live in South America too. Getting citizenship can take about four years, but properties can go as cheap as $150k for a nice apartment/house.

    Finally, on the European continent, you could buy a nice apartment in Tbilisi, Georgia. They usually go for anywhere from $50k to the sky's the limit, honestly. To buy property, you'd need a good financial advisor/lawyer and a copy of your passport. That's it. Healthcare is free and public. Nightlife is good. Without rent, which is cheap already, your cost of living will be great. In the capital, some folks can speak English, but you shouldn't rely on this to be the case.

    As you can see, OP, you can buy property in a developing country but this'll require you to hop through the governments of developing countries and to fully integrate, require you to learn another language and about a culture if you're serious about this. I have my reservations about you buying property at your age, but I did want to answer your question.

    • 4 weeks ago
      Anonymous

      >Finally, on the European continent, you could buy a nice apartment in Tbilisi, Georgia.
      >Georgia
      >Europe

  9. 4 weeks ago
    Anonymous

    Also, if I could give you another piece of advice, (assuming you're an American), invest a good chunk of that money into the market and forget about it for 30 years. Assuming the US market grows at an average of 10%, and you don't touch a dime of that cash, you'd have approx. $4.3 million to retire on by age 50. If you invest even 10% of your freelance money into your retirement, which you should, you can get to that mark earlier. In that case, you could live off of approx. $100k per year until you're 90. Of course, this is assuming nothing disastrous happens between then and now, which is silly, so the risk is yours. Rent in developing countries and continue grinding in your freelance translation job to provide you enough cash for rent, food, etc, or go with your original plan and invest in one of the countries I mentioned previously.

    Good luck, OP.

  10. 4 weeks ago
    Anonymous

    Buying a nice house? 500k?
    Well anyways to answer your question since I am actually in the real estate game in NY location is always key, and never buy anywhere the government isnt strong enough to keep their people safe, no gang or turfy areas simple right?
    Look for a fixer upper, since you know the value of your dollar, you can buy a 3/4 or half finished home that needs repairs and spend some money having it repaired or since your basically unemployed you can do some simple things yourself and score huge on a dilapidated property, but I stress this 500k is not a lot and will run out quickly ESPECIALLY when dealing with property, not only that id like you to consider that homes have huge costs when things break, always go on the low end of your budget and if you can, invest in something safe, get your nice 8-12% APY and live off of that for a while and stack ur chips.
    Best of luck if you arnt LARPING

  11. 4 weeks ago
    Anonymous

    You need to invest it so it turns out money actively. 500k isn't that much, land and houses are quite expensive these days unless you live in middle of nowhere or absolute 3rd world countries.

  12. 4 weeks ago
    Anonymous

    As others have sort of implied but not quite said outright, assuming permanent residency for the rest of your life is a sincere goal, you’re going to face visa challenges in most of the world in your situation. You’re (much) too young to qualify for retirement visas where those exist, only barely rich enough to qualify for most investor visas (plus both of these often require demonstrated passive income atop an initial cash investment), and not yet rich enough to straight-up buy a passport anywhere but a few scruffy Caribbean countries.

    You say you work as a translator; an obvious choice might be to live somewhere that uses your working language(s). Obviously translation is mostly an online gig without borders, but in my own (admittedly limited, as I am also a translation hobbyist but never really made a living at it) experience it’s easiest to find steady work when close to the ground, as it were. I’ve also found it very helpful to work with L2 native-speaker partners for bigger jobs, often students who work cheap.

    But all that said, in your current situation you *might* still have enough to qualify for residency in Malaysia, assuming pic of what looks like Penang is relevant to your interests? They just made the MM2H program much more expensive, though, requiring an investment of a million ringgit (US$225K or something?) plus an annual income of over $100K, which without extremely aggressive investment returns or another gig atop a $20/hr translation hobby might be prohibitive.

    Next door in Thailand you might be able to qualify for an investor visa (initial outlay was a little under $300K last time I looked, but there have been a ton of immigration law changes in the last two years, including the introduction of some new long-term visa categories), but those visas are by design impermanent.

    Paraguay has a surprisingly cheap residency program that includes a path to citizenship, but I have no idea how appealing life in Paraguay might be.

  13. 4 weeks ago
    Anonymous

    I see only two intelligent choices for you.

    The first is to go to Spain and do a college degree. You should do it in computer science so you can maintain a decent lifestyle after the money's gone. You'll have the time of your life and unlike with an American school, it won't eat up your whole inheritance. You can live large in Spain for very cheap, and it has everything a young man could want.

    >Lean, attractive white women from all over Europe
    >Safe, clean, beautiful cities
    >Low cost of living (not as low as a thirdie shithole but a lot lower than America)

    The second is to buy a house in cash and rent it out, living on the income at least in part. This comes with its own problems. Things could break and you may be legally responsible for fixing them, which will be difficult if you're cash poor, which at 20 years old you are. You might rent to a family of blacks and they stop paying rent for months, and it costs money to evict them and the court case takes a long time. You'll be tied to the area because you don't have the money to hire people to do things on your behalf when things go wrong, which sooner or later they will.

    Go to Spain, you won't regret it. At least have a plan for when the money runs out. You can get a coding job without a CS degree, but it's a lot harder, and you'll miss out on the college experience, which you can get in Spain very cheaply. College is like neeting except the people in your life will actually respect you. Dating in Spain is a lot better than in the US. Bring home a glamorous European girl and make everyone in your hometown jealous.

    • 4 weeks ago
      Anonymous

      im 27 yo am. i too old to go and do the first option?

  14. 4 weeks ago
    Anonymous

    I am looking to retire in Brazil. What do?
    >t. Mid 30s with 7 figures in crypto and other financial assets. Work remote SWE

    • 4 weeks ago
      Anonymous

      Lol. Just move. Seems to be easy to immigrate here. 1 million dollars will provide income, if you're not taxed by the country you're from, to put you in the top 2-4% of the country. You could live a good life in a mid size city. 10k usd (2kk in assets) per month and you'll live a good life even in big cities like Rio/SP, renting a flat in a good neighborhood, ubering everywhere, etc. Thats like top 1% of the country.

      • 4 weeks ago
        Anonymous

        >10k usd (2kk in assets) per month
        Black for 10k per month you can live a good life almost anywhere in the world

      • 4 weeks ago
        Anonymous

        ITA and thanks for sharing fren. This is good advice. Initially I looked at Rio but I’ve also been looking at other Brazilian cities like Florianopolis and Porto alegre. Don’t really need much. Just a nice condo and maybe a car. Where would you recommend a good place for a gringo to live?

        >10k usd (2kk in assets) per month
        Black for 10k per month you can live a good life almost anywhere in the world

        True, but I chose Brazil because there are lots of natural beautiful places there, the weather is nice, and I want to coom in some sexy brazilian booty

    • 4 weeks ago
      Anonymous

      Larp larp larp

  15. 4 weeks ago
    Anonymous

    >20
    >500k
    >thinks it's enough to retire
    topkek. the only way to do it is to live permanently in the 3rd world. just a reminder that with inflation you're also losing 7% of purchasing power per year

    • 4 weeks ago
      Anonymous

      >buys a real estate property with the $500k
      >somehow loses money to inflation
      are you retarded?

      500k is nothing more than a safety net and spring board for your own business venture.

      You should probably develop a professional skill to fall back on after you piss it away and wind up a broke 27 year old wondering how he spent 500k on hookers, drinking, drugs, and hotels in only a few years.

      The best advice you will get in this thread is to put it in some funds and pretend like you don't have it, while living a normal life and doing your best for a few years.

      If you really want to just live on it, I lived in the Philippines for 4 years on only 10k USD cash. It wasn't exactly pleasant all the time but it was doable and I still had plenty(too much actually) of pussy.

      >freelance translation
      >not a professional skill

      • 4 weeks ago
        Anonymous

        No freelance translation is not a professional skill, it's a gig skill. There is a difference and huge one.

        Something that some 20 year old fuckwad can do with little education and less experience is not a "professional skill" unless it is developed into a specific and demanding niche that won't be automated or filled by 3rd worlders.

        • 4 weeks ago
          Anonymous

          >little education
          I have a 4-year bachelor's degree. Knowing a language well enough to translate, let alone translating in a way that doesn't make it sound like a translation isn't an easy thing to do. Having never done it yourself, I'm sure you wouldn't know that, but there are plenty of people who have developed well-paying careers off of that skill alone. It's literally all just being good at networking.
          >unless it is developed into a specific and demanding niche that won't be automated or filled by 3rd worlders
          Literally all white collar jobs that can be done from home can also be outsourced to third worlders and most of them can and probably will be automated in the near future. What "professional skill" do you have that is immune to this? Surely you're talking about a blue collar trade?

          You seem to be confused about what the word "retirement" means. Buying a house somewhere and continuing to work isn't retiring, it's called being an adult.

          It's a good time to buy a house right now if you're buying cash, it's only a bad time to take out a mortgage because the higher rate of inflation will outstrip the savings from the falling prices.

          Is it really working if I only plan on doing so around a few hours a week, and if it's (like I said) a paid hobby to me?

          • 4 weeks ago
            Anonymous

            *3-year bachelor's degree

  16. 4 weeks ago
    Anonymous

    500k is nothing more than a safety net and spring board for your own business venture.

    You should probably develop a professional skill to fall back on after you piss it away and wind up a broke 27 year old wondering how he spent 500k on hookers, drinking, drugs, and hotels in only a few years.

    The best advice you will get in this thread is to put it in some funds and pretend like you don't have it, while living a normal life and doing your best for a few years.

    If you really want to just live on it, I lived in the Philippines for 4 years on only 10k USD cash. It wasn't exactly pleasant all the time but it was doable and I still had plenty(too much actually) of pussy.

  17. 4 weeks ago
    Anonymous

    Bump

    Take 350 and invest that and forget about it, the 150 will get you the niiiicest home in the uppermiddle class of any country. Dont want to be house poor? Live frugally and live well in MX, Ecuador, Colombia, Costa Rica, Bahamas, or rural Japan makes sense for language. Or pickup spanish and do spain and all of the Americas. Or Croatia/Greece/Italy

    That money seems like a lot now kid, you're thinking, wow $20 an hr, thats 800 a week, thats 41K a year if you bust your but and have no taxes. So thats at best a 12 yr headstart you got, Hell invest 400k and survive on the 100k as best u can. Get a financial advisor or start a business. Move and live a life few can dream of. Dont be house poor but do buy land or a house. & if it all goes to shit, life is a long time you're young and can bounce back, pickup skills dont rot in paradise.

  18. 4 weeks ago
    Anonymous

    if you invest most of your 500k at 20 years old, you life trajectory is better off than almost all your peers.

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