Ecuador: The Hidden Paradise Where A Couple Can Live Comfortably On $2,000 a Month or Less
Sell your winter clothes...and get ready for the adventure of a lifetime in the Land of Eternal Spring. Every cliché you've heard about living large on little...on even a retiree's budget...is true in Ecuador.
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Population: 15,439,429 (July 2013 est.)
Capital City: Quito
Climate: Tropical along coast, becoming cooler inland at higher elevations; tropical in Amazonian jungle lowlands
Time Zone: GMT-5
Language: Spanish (official), Amerindian languages (especially Quechua)
Country Code: 593
Coastline: 2,237 km
Read more articles about Ecuador below
Two years ago Rob Hamm and Tracey Krause along with their two children relocated from Winnipeg to Cotacachi, Ecuador. Their goal as a family was to experience a new culture, travel, and learn a new language—which they’ve successfully done. But, there was a catch. Rob and Tracey are only in their 40s and still needed to earn an income to support their family. In preparing for their change in lifestyle, Rob took his interest in photography to the point where his photos could provide income. Several months before coming to Ecuador he began submitting photos…
- We Spent a Year Exploring Latin America to Find Our Ideal Retirement Haven
Posted on April 12, 2014 by Tricia Lyman
During our months of preparation, we set about determining the criteria we needed to choose a location. The criteria we chose for ourselves initially were: a good health care system at a much lower cost; a stable government; not wanting a car, a walkable location with a good transportation system; good infrastructure; a Spanish-speaking country because Mike already spoke some but wanted to become proficient; a warm climate year round; and, of course, a lower cost of living.
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Panama City – April 2014
You can live comfortably on the beach in Panama for just $1,500 a month with many foreign retirees are doing exactly that. Panama’s Pensionado program is widely recognized as the best retirement program in the world, you too can retire in paradise.
- When You’re Spoiled for Choices Overseas, How Do You Choose?
Posted on April 10, 2014 by Suzan Haskins
“We’re looking at retirement options,” she wrote, “and I’ve appreciated your insights, particularly on Ecuador, Mexico, Panama, and Uruguay. I know that seems like a lot of countries, so I’m hoping you can help us narrow it down. We plan to take a trip to at least two of these this year; one country at a time. Which country would you suggest we visit first? And can you please suggest some travel itineraries?”
Let me tell you about three young college graduates from Oregon who landed in Ecuador early in 2012. They were eager to go into business. They didn’t have a lot of experience but they did come up with a terrific idea. Ryan, Nathan, and Daniel—all now aged 25—were used to the good craft beers of home. Could they make a microbrewery work in Ecuador?
There are a growing number of people who have realized that retirement dreams can come true by moving abroad. Ecuador is one of the countries seeing an uptick in retired expats—many of whom have settled in the mountains of this equatorial nation. Here are five reasons why moving to Ecuador’s highlands could be right for you.
If you’re in the process of planning your move abroad, I’m betting you’ve spent a fair amount of time daydreaming about your future experiences, too. But despite the advantages and excitement that a move abroad brings there was one stumbling block that nearly prevented us from taking the leap: fear of commitment. And we’re not the only ones who have faced this. From talking to other expats it would seem that many people experience a mental block when it comes to making a final decision on where to settle.
When moving abroad, renting a place to stay is an attractive option that offers a lot of advantages, whether you’re headed to Costa Rica, Malaysia, France, Mexico, Ecuador, Ireland…or any country. If you plan to buy or build a home eventually, renting allows you to investigate a region and/or community…or several…before you put down roots. You don’t want to be stuck in a neighborhood, region, or home you don’t like.
I’m writing this postcard from a veranda overlooking the Caribbean Sea on a nearly forgotten tropical island. The ocean is showing off several shades of blue and a slight breeze teases the palms. The piña colada at my side completes the picture. But as my family’s annual vacation draws to a close I’m actually a bit anxious to return home to Cotacachi, Ecuador.
With amazing biodiversity, a near-perfect climate, and a low cost of living…Ecuador continues to be one of International Living’s favorite destinations for expats to live well for less. From snow-capped volcanoes to dense Amazon jungle…sun-drenched Pacific beaches to the famous Galapagos Islands…beauty abounds in Ecuador. Cities like Quito and Cuenca offer excellent health care and an exciting alternative for those looking for more than beach or mountain living.
- Safety in Ecuador: How to Avoid the “Bull’s Eye” Effect
Posted on March 24, 2014 by Dan Prescher
We are asked constantly about safety for expats living abroad, and in particular about safety in Ecuador, the country where we currently live. A lot of these questions start like this: “How safe is it in Ecuador? I heard a story about a couple who got robbed there.” This is a big issue for potential expats, and in today’s hyper-connected Internet environment, a morning blog post about robberies in Ecuador can be the topic of discussion over lunch in Portland or Charleston. But two major points need to be made.
We’ve been living overseas since 2001. We’ve lived in seven communities in four countries (and purchased property in a fifth). We’ve bought, renovated and sold two homes in Mexico and bought and renovated a condo in Ecuador, where we now live. We’ve tried out beach life, mountain life, and both big-city and small-town living. So we know something about the expat life…
When Gary and Kathryn Kelly, both in their 50s, moved to Ecuador from Sargent, Texas, in 2011, they expected this would be where they spent their retirement years. They bought a house at Punta Carnero Beach, about 10 minutes’ drive from the popular Ecuador beach resort town of Salinas, and began refurbishing it.
If you want to increase your future returns while reducing your risk, you should add some emerging-market stocks to your portfolio. It may surprise you that adding riskier, emerging-market assets to a portfolio will reduce overall risk, but it shouldn’t. These markets do not move in lockstep with the U.S. market, which hit a series of all-time highs in the fourth quarter of 2013.
I had just polished off an al fresco meal at an Argentine steakhouse with my family, and was relaxing to the mingling sounds of several street musicians, when the bill arrived. Though I’ve been in Ecuador for some time, I still suffer from reverse sticker shock. A similar meal for four at a restaurant of the same caliber in the U.S. runs well over $100.
It seems a lifetime ago when my husband David and I began our journey toward going overseas. In addition to taking care of the necessities that come with moving we spent a lot of time imagining what adventures lay in wait. Dreams of leisurely roaming the cobblestone streets of mountain villages floated through our minds.
There’s a lot to love about Ecuador—the amazing biodiversity; great weather; the low cost of living. And in the larger cities like Cuenca, where I live, the excellent medical care and cultural amenities are an added bonus. I’ve been kept up to date on the miserable winter in the States through Skype conversations with my two children. Right now I’m looking out the window at blue skies and am looking forward to yet another day with temperatures in the 70s.
I visited San Miguel de Allende recently while working on a video project, and I had a chance to catch up with an old friend from when my wife, Suzan Haskins, and I lived there back in 2007 and 2008. It pleased me to find him doing well and to hear that his two children were growing into handsome, intelligent young adults. Part of the reason for that, he told me, were the chances they’d had to travel.
- Best Places to Own Premium Water Views for Less than $150,000
Posted on March 11, 2014 by Laura Doyle
In Mexico, Ecuador and Costa Rica properties with stunning views can be bought for as little as $119,000, according to a new report by InternationalLiving.com. “A great view usually translates into a premium price tag. But if a buyer knows the right places to look, he can find properties with world-class vistas for much, much less than you’d expect,” reports InternationalLiving.com’s property correspondent, Margaret Summerfield.
- The Importance of a “Dream Retirement Overseas” Shortlist
Posted on March 10, 2014 by Dan Prescher
We’ve already lived in seven communities in four different countries. We’ve had some time to honestly assess ourselves and what we need to live somewhere for more than just a month or two a year. By now we have some pretty clear criteria for what we really need a location to provide.
The couple to my left, in their mid-70s, was a “good-ol’-boy” Texan and his pretty, soft-spoken wife. Both were raised as the children of sharecroppers. Across from them, the octogenarian of the group was a nuclear submarine engineer in his native Canada. And at the end of the table sat a former automotive repair-shop manager from California and his accountant wife.
- “A Low Cost of Living, Perfect Weather and Other Reasons Why We Moved to Salinas, Ecuador”
Posted on March 5, 2014 by Denver Gray
When Jo realized I was serious and that our move was a matter of weeks away, she said something I heard more than once before leaving the U.S: “I could never do something like that!” Of course, people have different reasons for thinking that way. And I’ll grant you, our move to Ecuador wasn’t what’s called “normal.” At 55 and 62 years of age we were supposed to be settling into a routine, shopping for rocking chairs…
We sold the house and had to decide what to do with all that stuff. So we took inventory—stuff we wanted to keep on one side of the ledger, stuff for the garage sale on the other. The idea was to get rid of all the things we didn’t need and keep all the things that we thought gave our life meaning and stability…the stuff we absolutely couldn’t live without.
- Save Thousands of Dollars by Decoding These Tax Terms (We’ll Show You How)
Posted on March 4, 2014 by Nick Hodges
As a wise man once said, “Forewarned is forearmed”…and that’s never truer than when it comes to taxes. Informing yourself of all the IRS regulations is a sensible idea—and could save you thousands of dollars. While it’s important for every American citizen to understand the phraseology of the regulations, if you’re thinking of living, working, or investing abroad, it’s even more important.
I can’t give you one good reason why Americans and Canadians are coming in droves to Ecuador…because there are dozens of very good reasons. There are so many that I can’t list them all here…but based on a recent trip there, I can tell you what some of the best reasons to live in Ecuador are.
In our years abroad, my wife, Suzan, and I have met expats who told us clearly that it was their intention to live someplace where they never saw another expat again. Although I admire the spirit and determination of this kind of total immersion, I can’t help but recall what an expat in the real estate trade in Mexico told us many years ago.
When Gary and Kathryn Kelly, both in their 50s, moved to Ecuador from Sargent, Texas, in 2011, they expected this would be where they spent their retirement years. In Texas, Gary had owned a property tax management company and Kathryn worked as his executive assistant. In Ecuador, they hoped to laze away the days on the beach in front of their home…
If you are interested in buying into a franchise business but have no idea where to begin, you might start with a franchising broker, who can help match you with a suitable business. MatchPoint is a franchise broker an international network of franchise consultants operating in the U.S., Canada, Latin America, Europe, Asia, and the Middle East.
When I quit my job to travel the world for a year‚ the last thing I wanted to do was work. Well, at least not in the capacity that I used to as an editor in Manhattan. In fact‚ part of the reason I left the country was to take a break from the New York corporate rat race.
- Properties with Premium Views for Less than $150,000
Posted on February 28, 2014 by Margaret Summerfield
This west-coast destination in Mexico hit the headlines in 1963. John Huston filmed part of Night of the Iguana in Vallarta. The world’s press descended on the town to follow the romance between Richard Burton, a star in the movie, and Elizabeth Taylor. Many viewers simply wanted the real skinny on the famous Hollywood stars. But others were grabbed by Vallarta’s colonial architecture and sun-drenched beaches. Tourists and expats started to flock to this little fishing village. Today, around 50,000 North Americans live in Vallarta…
- How to Get By with a Little Help from Your Friends in Ecuador…
Posted on February 28, 2014 by Edd Staton
I recently watched the Grammy salute to the Beatles commemorating their performance on the Ed Sullivan show 50 years ago. Yes, I was among the 73 million households glued to the TV set on that historic night. A song that Paul and Ringo performed on the show, “A Little Help from My Friends,” got me thinking about how getting things done where I live in Cuenca, Ecuador is so much easier when you are open to the assistance of others.
A couple of years have passed since I made my way from northern Idaho to middle-of-the-earth Ecuador, but thanks to modern technology I’m able to keep up on the news and happenings from my friends back home. Recently though, it’s begun to feel as though I’m farther removed from them than by the space of a single continent.
- This Ecuadorian “Eco-Valley” Won’t Stay Undiscovered for Long…
Posted on February 26, 2014 by Wendy DeChambeau
This thick cover acts as one of the few remaining intact habitats for elusive pumas, jaguars, and other smaller felines. The endangered spectacled bear also calls the Intag home along with hundreds of varieties of exotic birds. As the condor flies, this cloud forest valley is not far from the market town of Otavalo. In fact, it’s only 35 miles away by road. But for years now that one-and-only road has been a narrow, mountain-hugging dirt track accessible only from the towns of Otavalo or Cotacachi.
It’s great to have step-by-step guides, especially for big and potentially complicated tasks. Moving yourself out of your home country to a completely new and different culture…and language…certainly qualifies as a big and complicated task. It involves many more steps than just five, but considering only the preparatory phase—the phase before the actual move—here are five essential steps to take before you move to Ecuador.
Although my wife, Suzan Haskins, and I write a lot about retiring overseas, we’re not officially retired. We write for a living, and even after we do reach official retirement age, I’d be very surprised if we didn’t continue our work writing, editing, and traveling. We know more and more folks in the same situation. They have no intention of retiring in the traditional sense and will probably work at something well past any official retirement marker or milestone they may pass.
- The Never-Ending Storyline of a Better Life Abroad
Posted on February 24, 2014 by Dan Prescher
I’m very lucky to be doing what I’m doing. I’m even luckier to be doing it from where I’m doing it, which right now is Ecuador. I’m a writer, and I trained a long time to do this, although not really on purpose. And I never thought it would lead me overseas. My undergraduate training was in journalism. Just the facts, ma’am. Who, what, when, where, how, and why…and maybe a job at the local newspaper. (Remember newspapers?)
- Find the Perfect Place to Live…and Put Some Money in Your Pocket
Posted on February 24, 2014 by Suzan Haskins
Figuring out how to make some extra money doing something you love is a wonderful thing. And many of my fellow expats are doing exactly that. If you’re looking for inspiration, I’d like to share some of those stories with you. In fact, we know of so many such stories that my husband Dan and I devoted an entire chapter of a new book we’ve written to this exact topic. (More about that in a moment.)
- Life Lessons from 12+ Years’ Experience Living Overseas
Posted on February 23, 2014 by Suzan Haskins
As we approach our lucky 13th year of living overseas, my husband, Dan Prescher, and I are fortunate to have shared so many wonderful, memorable experiences in so many far-flung corners of the world—from Southeast Asia to Europe, and nearly every country of Latin America. We’ve lived in Mexico, Panama, Nicaragua, and Ecuador… In fact, we’ve lived in more than one destination in some of those countries. We’ve learned to speak Spanish, we’ve bought and sold property…
Upcoming Event in Ecuador
Live Well in Ecuador On Your Social Security Check
Event Date: Feb 07, 2013
Fast-Track Ecuador: Lifestyle & Opportunity Conference
February 7-9 - Quito, Ecuador
You can afford to retire, and in style! An apartment with spectacular views of the lush Andes mountains or blue Pacific Ocean…a colonial city where the sun shines every day… fresh, healthy food…friends who share your interests… household cleaning help for just $10… You can have it all… Join us in Ecuador this February for our Fast-Track Ecuador: Lifestyle & Opportunity Conference and you'll discover a place where you can live life like it’s meant to be lived.
Welcome to IL
- Beachfront Property in Ecuador
- The Economy in Ecuador
- Making Money in Ecuador
- Live in Ecuador
- Retire in Ecuador
- Move to Ecuador
- Health Care in Ecuador
- Ecuador Fact File
- Why Ecuador?
- Ecuador Visa and Residency Information
- Ecuador Real Estate
- Travel in Ecuador
- Taxes in Ecuador
- Rolodex: Contacts in Ecuador
- Invest in Ecuador
- Free Report on Ecuador
- Retiree Benefits in Ecuador
- Ecuador Climate
- Renting in Ecuador
- Cotacachi, Ecuador
- Vilcabamba, Ecuador
- Salinas, Ecuador
- Cost of Living in Ecuador
- Find Out More About Ecuador
- Map of Ecuador
- Cuenca, Ecuador
- Quito, Ecuador
- Ecuador Classified Ads
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