Since I arrived in Ecuador with my wife Heidi and son Easton just over a year ago, I have experienced both the slower pace of life on the Pacific coast, and the activity of city life in the Andean mountains. My time living on the coast was in a little town called Bahia de Caraquez.
When relocating overseas, you may choose your new Ecuadorian hometown based upon your comfort level of temperature, scenery, personal interests, favorite activities, or preference in size and population of city. Ecuador undeniably offers enough variety to please everyone.
What makes a second citizenship and passport so valuable? There are many benefits to having one, but they all boil down to one simple principle: freedom. A second passport is the ultimate in personal protective insurance. Your passport is the property of the government that issued it.
Opening a bank account abroad has many benefits. It gives you access to investment opportunities not available in the U.S., protection from a drop in the value of your home currency, protection from professional liability and senseless lawsuits, increased privacy, and investment stability in the event of breakdowns in domestic markets as well as possible protection from foreign exchange controls.
When Aaron Brabham decided to move to the Colombian city of Medellín nearly a year and a half ago, he knew exactly what type of place he wanted to live in. “I’m really a penthouse kind of guy,” he says. “I was looking to live in the lap of luxury for much less than I could back in the U.S.”
It’s hard to compare the value of the world’s classic store of value—gold—with a digital currency that has no tangible existence. But on March 2, 2017, a watershed moment occurred because for the first time ever, one unit of bitcoin exceeded the value of an ounce of gold.
“I wanted to live well with less,” says Judith LaRoue of what drew her to a new life abroad. “I wanted to enjoy the life I love and believed I could do that better here in Nicaragua.” Judith, 70, a retired educator, pastor, counselor, Montessori teacher, and self-professed “jack of all trades,” moved to Nicaragua last year.
From the rooftop terrace of her luxury condo, Lori Gold gazes toward the Caribbean Sea before sliding into the warm water of her rooftop pool. “Honestly, it’s like I live in a postcard,” she says. “A place like this would cost way more than I could afford in Toronto. Plus, you can’t get a place on the Caribbean in Canada.
When my husband, Kurt, and I step out the door of our 1882 modernista (Catalan art nouveau) building, we enter a grand world of art and green space blessed by a warm, Mediterranean climate and surrounded by incredible landscapes, from beaches to mountains.
I moved to Ecuador not knowing the language. What’s more, I moved to Loja, a city with very few expats, where most locals don’t speak English. Surrounded by a language I didn’t know, I felt a little like a deer in the headlights at first. Moving to Loja is a jump-into-the-deep-end, sink-or-swim kind of expat experience…and I loved it.