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  #1 (permalink)  
Old 31st December 2019, 10:55 PM
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I am thinking I want to live a slower life. Focus on family and the things that really matter.
I would love some suggestions about where to do that. Looking for a clean, safe, beautiful, family friendly, and the key fact cheap!! Place to live. I have a large family but the 2 oldest children are leaving the nest and I will have 3 babies at home. Monthly budget would be 2,000 USD ideally.
I have been looking into Abruzzo, Italy. Any other suggestions would be FANTASTIC! Budget is for us not having to work and being able to focus on raising our children. If needed of course we would be open to not retiring so young as long as we could still focus on family and live a slower paced life.

Thank you for any feedback!

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Old 1st January 2020, 07:14 AM
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The one big factor that you're ignoring is that of visas. Most countries these days require you to obtain a visa before you can settle in and live there. And it's the visa requirements that are most likely to trip you up in your quest for someplace to live.

Italy, for example, has rather high income requirements for "retirees" (and there is the question whether you can be considered a "retiree" with minor children in tow). Basically, any European country will expect you to have jobs lined up before you apply for a visa (not to mention the employer able to "sponsor" you).

You also need to consider the issue of language. It can be extremely isolating not to have the local language when living abroad. And there is also the issue of schools for the children - what are the public schools like and what are the requirements for enrolling the kids in the public schools.

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Old 1st January 2020, 04:46 PM
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What nationality are you and where do you currently live?

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Old 1st January 2020, 07:45 PM
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We are American living in Nevada.
Once we chose a place there will be planning involved ofx. This is in the idea phase still. We would plan to learn the language after we decided on the where. I have considered the other facts as well but again, having a place in mind would assist in knowing what obstacles we must overcome.

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Old 1st January 2020, 08:52 PM
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Quote:
Originally Posted by AMHC View Post
We are American living in Nevada.
Once we chose a place there will be planning involved ofx. This is in the idea phase still. We would plan to learn the language after we decided on the where. I have considered the other facts as well but again, having a place in mind would assist in knowing what obstacles we must overcome.
You might want to post this in the Italy forum, where you may find Americans who have done something similar.

The USA forum is more for people seeking to move to the US, not away from it

I agree with Bev, European countries in general will often require you to either have a (high skilled, high paid) job with an employer willing and able to sponsor you or to invest serious money.

I think Malta offers residence permits, if you buy real estate with a price tag of 275k or more (I think it's 220k if moving to Gozo or southern Malta but I haven't looked it up just now) but they still require steady, sufficient income and flat rate tax payments of 15k per year - I doubt that 2000 USD/per month would be what they are looking for.

In short, employment, university studies or marriage are the most straight forward routes.

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Old 1st January 2020, 08:52 PM
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If cheap is your key factor, you should be looking at Mexico, South America or the smaller cheaper Caribbean islands.
These places also appear to be less 'picky' about the proper visas.
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Old 1st January 2020, 10:09 PM
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So.. in an ideal world you are looking for someplace where a family of five can live on USD 24k a year without having to work.

Again assuming it is a family of 5 given you say 3 live at home children, you are talking on the order of $10 a day a person. That is not a lot to live on taking into consideration the initial set up costs..

I am more familiar with Asia having lived and worked in the region .... so here are some numbers on income and support requirements to stay long term from consulate websites and personal experience...

Laos - Long-term visa
Quote:
Foreigners, general stateless people with long stay purpose in the Lao PDR shall have money in their bank account of a bank in the Lao PDR at least twenty thousand US dollars for six-month stay in the Lao PDR and forty thousand US dollars for one-year stay in the Lao PDR.
The visitor visa maxes out at 30 days, and while it can be renewed, I assume frequent border runs and/renewals would be rather disruptive.


Thailand - Retirement Visa - not that you would qualify, but it gives an understanding of the financial means required to live there.

Quote:
Financial Requirements are as follows:

Bank Account showing THB 800,000
Monthly income of at least THB 65,000
Combination (Bank Account + Income x 12 = THB 800,000)
800k Baht is about USD 27k. The visa is a one year visa, although it is renewable.

A lot of people "live" in Thailand on visitor visas, the self support requirements aren't the same... the max is a 6 months multiple entry visa with a border run (typically to Malaysia every 6 months for renewal) - your budget would be 1500 Baht a day for the family.. You could probably live on that in the regional cities and more remote provincial capitals but you would probably struggle in the larger cities.


By way of a sanity check...

Italy... your nominal ideal location... your $50 a day would not meet the long stay subsistence levels required for a long stay Italy Schengen Visa

Again...

If I was to turn this around, the U.S. Department of Health and Human Services Poverty Guidelines for 2019 were set at USD $30,170 which means if the direction of immigration was the other way you wouldn't be admitted as a risk of being a public charge.

So unless you have some significant assets generating that income you want to live on, I suspect you would find it an insufficient amount to live on in most of Europe / Asia. If there is a significant asset behind all it it, then there are a range of golden and investor type visa which open up a number of alternatives.

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Old 1st January 2020, 11:14 PM
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2K USD is at the moment roughly 1.8k €. If the OP wanted to go native they could survive on that in Italy but it wouldn't be fun. Worse they'd have no margin for error. Currency swings would be painful. So would unexpected expenses.

€500 a month in rent in many smaller centres. Leaving 1300 for food,utilities etc. Many families manage on less.

But like I said it wouldn't be fun. There isn't much room for eating out. Or things like cable TV. Or a vacation.

Obviously if the OP needs a visa no chance.

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Old 3rd January 2020, 03:22 PM
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Default Thanks!

Thank you all for the replies!
Realty check is always good! Lol..
So, I have a very specialized career however I do not believe it would transfer ... or would be near impossible to get picked up for it overseas. In most countries you must be a citizen to hold the position.
So looking into training for computer tech careers incan remotely. I will figure put how to increase my very low budget of 2 K a month to 5K.
Surely 5K for a family of 5 would be sufficient?
Plus working out having a means to make more. I also have an SO who I have not factored in any income or earning power from him. I currently support my family of 7 solely, but he is able to contribute so I can slow down.
Again thankyou all for the replies. I will also check out the forums for the countries i am considering.

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Old 3rd January 2020, 04:28 PM
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Quote:
Originally Posted by AMHC View Post
Thank you all for the replies!
Realty check is always good! Lol..
So, I have a very specialized career however I do not believe it would transfer ... or would be near impossible to get picked up for it overseas. In most countries you must be a citizen to hold the position.
So looking into training for computer tech careers incan remotely. I will figure put how to increase my very low budget of 2 K a month to 5K.
Surely 5K for a family of 5 would be sufficient?
Plus working out having a means to make more. I also have an SO who I have not factored in any income or earning power from him. I currently support my family of 7 solely, but he is able to contribute so I can slow down.
Again thankyou all for the replies. I will also check out the forums for the countries i am considering.
5k would not have been enough for us in Europe:>)
It sounds like you are looking at a bread and butter budget not at cost of living.
Medical/dental insurance, schooling, emergencies in the US. Generally these "silver" visas do not allow access to public services or employment.
How will your three children get the education they need to enter into careers without a network?
Unless you know what you are doing and have a following remote jobs with "training as a computer tech" do not happen. Plus you need to be able to work legally in your country of choice.

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