Aug 25, 2020
Have you imagined a relaxed and happy retirement life? Have you thought about living better and spending less? Or have you ever thought of retiring early?
With the expensive cost of living in the US and with the reality that COVID 19 poses, workers over 50 are the first ones to be sacked out from work. And that would be an unimaginable thing to happen when you’re left with no work with dwindling finances.
It’s time you think about it and consider making a different choice, and that is living abroad.
Edd & Cynthia Staton are America’s best-known experts on retiring abroad and expat living. They are authors of 3 Amazon best-selling books & creators of an online course called RetirementReimagined!
In this episode, Ed and Cynthia shared about spending their retirement life abroad where they’ve managed a good standard of living by only spending less. They have never been happier in their lives after the 2008 crisis almost completely wiped out their finances.
What you will learn from this episode:
“Moving abroad can be a trifecta of reducing your cost of living, upscaling your lifestyle, and growing your nest egg. I mean, where else would that be possible?” - Ed Staton
Topics Covered:
01:52 - Who is Edd and Cynthia’s ideal client
02:29 - How living abroad makes living better for less
03:15 - When you don’t have money, that elicits a great amount of fear and anxiety and that would make for a symptom of retirement problems
04:48 - Doing nothing and hoping things get better is one mistake people commit before asking for help
06:12 - What is it that a lot of people don’t know about working until 70?
07:07 - One valuable free action that can help solve one’s problem: It's best to first do an honest self-evaluation of what you want that life to look like.
08:11 - Valuable free resource to provide you with a wealth of information about living abroad: https://www.eddandcynthia.com/program
08:33 - One experience that has been impactful for Cynthia and Edd about living abroad
Key Takeaways:
“We show baby boomers, how to retire sooner rather than later with the money they have, how to live better for less, and how to even preserve their nest egg rather than depleting it by moving abroad.” - Cynthia Staton
“When you realize you don't have enough money, there's always going to be a great deal of fear, anxiety, frustration, I guess even confusion. I mean, it's unnerving to work hard your whole life, and then discover that you may end up living in poverty when you thought this was going to be your golden years.” - Edd Staton
“The biggest mistake is actually doing nothing and hoping that somehow things are going to get better. The truth is, if you're over 50 and don't already have a sizable nest egg, you just really don't have enough time to accumulate enough savings for retirement.” - Cynthia Staton
“If moving abroad is a possible solution to your retirement problem, what we advise is don't do what you think you should do, which is immediately jump on the internet and start looking at countries. This is a chance to actually literally make a fresh start in life. So, it's best to first do an honest self-evaluation of what you want that life to look like.” - Edd Staton
“When we were at those conferences, we were really struck by how many people were interested in doing this thing called living abroad, and how thirsty they were for knowledge about how to make that happen.” - Edd Staton
Ways to connect with Edd and Cynthia Staton:
Ways to Connect with Howard Whiteson: