Hi, Barry in DR here. While I was out touring some of the smaller towns on the north coast today, I took a break and caught up on some reading. I read an article by Doug Casey of Casey Research that is absolutely a MUST read. I know you are probably tired of reading my rants about “getting the heck out of Dodge”… but I believe it down to my core. This latest article by Casey makes even more arguments for why the time is right NOW, and how the door is closing.
Doug addresses most of the the excuses I hear when I am talking to people that know they NEED to make the move, but cannot pull the trigger. Specifically he addresses each of the following excuses:
- America is the best country in the world. I’d be a fool to leave
- My parents and grandparents were born here; I have roots in this country.
- I’m not going to be unpatriotic.
- I can’t leave my aging mother behind.
- I might not be able to earn a living.
- I don’t have enough capital to make a move.
- I’m afraid I won’t fit in.
- I don’t speak the language.
- I’m too old to make such a big change.
- I’ve got to wait until the kids are out of school. It would disrupt their lives.
- I don’t want to give up my US citizenship.
Maybe you have caught yourself having some of these same concerns. As you will read, Doug Casey rips into each and every one of these concerns and makes a solid case why they are faulty thinking that can and will harm your family if you cannot get through these misconceptions. I agree fully with the logic Doug shares as he tackles each of these concerns.
Doug’s survival plan is a little more complicated than my own, maybe bordering on a bit of overkill, but nevertheless, we both agree on one thing….. NOW is the time to get the heck out of Dodge.
Doug recommends four steps in his survival plan that would spread your assets and family our over four different countries. Specifically, he recommends:
- Open a bank account in country number two and transfer some of your assets into it immediately
- Purchase a home that you and your family would be comfortable in, in country number three
- Seek out a second citizenship in country number four.
- Watch for opportunities to invest some of your assets in each of the four countries.
Basically Doug is a big proponent of spreading your assets out so that you always have multiple alternatives and can avoid ever being stuck in any country.
While I agree with the need to spread out your risks, I tend to recommend a simpler path. I believe that for all but the richest individuals, it is sufficient to find a second country, purchase a suitable home and move some of your assets to that second country. For us, Cabrera Dominican Republic checked all of our boxes….. great quality of life, abundant food and water, relatively low cost of living, fantastic outdoor activities, stunning ocean views with almost constant trade winds, a less intrusive police and political environment and some of the friendliest people on earth.
Now, go read Doug’s full article… I think you will find it helpful.
Doug Casey Refutes Common Hesitations To Internationalize