Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Digital Nomadism
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • UK
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Digital Nomadism
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • UK
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
👤

LIFE WITHOUT BOUNDARIES

THE NUMBER ONE SOURCE FOR EXPATS, DIGITAL NOMADS, AND DREAMERS.

This field is for validation purposes and should be left unchanged.
  • Your Escape Plan

How to Make Money While Retired Abroad

  • June 13, 2017
  • BY Brooke Cobb
Total
0
Shares
0
0
0

When deciding to retire abroad, there are countless things to consider. How much do you need to budget to live comfortably week-to-week? How will you adapt to the new culture or new pace of life? Should you learn another language in order to better adapt? When it all comes down to it, though, your biggest question could have more to do with how you’ll make extra money if you need to. Maybe you don’t want to have to budget too strictly, or maybe you’ve just realized you don’t like having so much free time. It happens! There are a few ways to bring in some extra revenue when retired abroad. You just have to know what they are.

Many expats are entrepreneurs. In some countries, such as Belize, there are laws that prevent you from taking up a job, but no laws preventing you from starting your own business and/or working for yourself. Depending on how much capital you have to work with, you could do something as big as opening your own restaurant or shop…maybe even a hotel! Study up on what your new country’s laws are regarding these things. You might find a new niche.

Investing internationally is another way to go, if you prefer passive income. You can diversify your investment portfolio by means of real estate purchases, stock in the foreign market, or even by purchasing gold. Currently, the best offshore investment for 2017 is teakwood from Panama. The return on investment for this asset has been consistent at about 15 percent for a decade now. You’ll also find that other foreign markets have a much higher ROI than those in the United States. A 10 to 12 percent return is not uncommon in Latin America for investments that aren’t too risky.

[amazon_ads ads=mid]

Investing in real estate can be a bit tricky, and you should do some research into the country in which you plan to retire before trying this method of creating income. Some countries will limit, or completely prohibit, foreign nationals from owning real estate. Other countries may not have any regulations at all. Look for areas that are appreciating in value, such as many parts of Latin America, and you will not only make a sturdy investment, but you can make a decent amount of passive income by renting rooms out to tourists as well.

If you’re just looking for something small to supplement your current overseas retirement income, you might consider an online job. Virtual jobs are taking the market by storm. Today, many people are able to work from home, so they can live wherever they want without skipping a beat. You could opt-in for something on a freelance or part-time basis, such as writing an article here or there for a blog, or you could start your own website altogether. There are resources, such as The Suitcase Entrepreneur, that can help you learn how to get started on such a venture. Maybe you have a hobby or skill that you didn’t know you could use to make a living in the virtual world? It doesn’t hurt to consider your options!

Consumer Resource Guide

In addition to the work-from-home via a virtual job option, there is another way to make the internet benefit you. If you’d rather not pour all of your time and resources into starting from scratch on a web-based business, you can consider the option of buying a website that’s already bringing in revenue. There’s a low price-to-earnings ratio in this method that could have a better ROI than you imagined. Try finding some website brokerage sites to see what’s out there. This is really just another form of investment, and it could be worth your while.

Moving abroad to retire used to be something only the wealthy could do, but now it’s becoming much more manageable for the majority of retirees – thanks to the discovery of hidden gem countries like Nicaragua, where the cost of living is so low. Living in a place like that will help you stretch your budget, and you can put extra money into investments and other endeavors. The possibilities can be exciting!

https://pixabay.com/en/cottage-lake-water-nature-summer-1550083/

 

[amazon_ads]

If you’re considering traveling or moving abroad, be sure to explore your healthcare options. Visit International Citizens Insurance to learn more and get a free quote.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Previous Article
  • Africa

Jean Laffite – a Real Pirate of the Caribbean

  • April 19, 2017
  • BY David Steckenreiter
View Post
Next Article
  • Your Escape Plan

Invest in Colombia

  • August 12, 2017
  • BY Brooke Cobb
View Post
You May Also Like
Tunisia, North Africa - One of most affordable Countries to live
View Post
  • Plan B
The Most Affordable Countries to Live in 2025
  • BY EA Editorial Staff
  • July 30, 2025
View Post
  • Interviews
The House We Rebuilt in Georgia
  • BY Isha Sesay
  • July 28, 2025
Where old walls meet new beginnings, the €1 home story continues to unfold.
View Post
  • Field Notes
Inside Italy’s $1 Home Revolution
  • BY Isha Sesay
  • July 21, 2025
View Post
  • Interviews
Meet the Legal Strategist Guiding Portugal’s New Wave of Expats
  • BY Isha Sesay
  • July 19, 2025
Reduce Your Taxes by Moving Abroad
View Post
  • Plan B
Legally Reduce Your Taxes by Moving Abroad
  • BY EA Editorial Staff
  • July 16, 2025
Mauritius – One of the best Island to Live for Remote Workers and Retirees
View Post
  • Plan B
The Best Places to Begin Again
  • BY EA Editorial Staff
  • July 9, 2025
The first glimpse of possibility—abandoned, broken, waiting.
View Post
  • Field Notes
How an Abandoned House in Spain Changed Everything
  • BY Isha Sesay
  • July 7, 2025
best place to retire
View Post
  • Plan B
Retiring Abroad: Where Can You Actually Afford to Live?
  • BY EA Editorial Staff
  • June 18, 2025
Trending Posts
  • The historic harbor blends Ottoman architecture with modern Mediterranean charm. 1
    • Cyprus
    Cyprus’s Forgotten North
    • July 25, 2025
  • Where old walls meet new beginnings, the €1 home story continues to unfold. 2
    • Field Notes
    Inside Italy’s $1 Home Revolution
    • July 21, 2025
  • 3
    • Interviews
    Meet the Legal Strategist Guiding Portugal’s New Wave of Expats
    • July 19, 2025
  • Tunisia, North Africa - One of most affordable Countries to live 4
    • Plan B
    The Most Affordable Countries to Live in 2025
    • July 30, 2025
  • 5
    • Interviews
    The House We Rebuilt in Georgia
    • July 28, 2025
Subscribe
Know Before You Go
  • Tunisia, North Africa - One of most affordable Countries to live 1
    • Plan B
    The Most Affordable Countries to Live in 2025
    • July 30, 2025
  • The historic harbor blends Ottoman architecture with modern Mediterranean charm. 2
    • Cyprus
    Cyprus’s Forgotten North
    • July 25, 2025
  • Mauritius – One of the best Island to Live for Remote Workers and Retirees 3
    • Plan B
    The Best Places to Begin Again
    • July 9, 2025
  • The True Cost of Leaving America 4
    • Interviews
    The True Cost of Leaving America
    • June 25, 2025
  • 5
    • Africa
    The New Africa Travel List for 2025
    • June 20, 2025
Learn More
  • About Us
  • Contact Us
  • Subscribe
Why Subscribe

The newly imagined Escape Artist brings you fresh content with a global focus, and sharp, up-to-the-minute coverage of the joys, challenges, and opportunities of life abroad.

For a limited time, we’re offering a special discount on all subscription deals, so be sure to lock-in these incredible savings and start receiving top-notch travel and expat content today!

Sign up for the EA Newsletter

Get important news delivered directly to your inbox and stay connected!

This field is for validation purposes and should be left unchanged.
Escape Artist
  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Disclaimer

Input your search keywords and press Enter.

Newsletter Subscription
Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/