Here is a suggestion that some may find interesting. Maybe not as an active thought, but as something you carry in the back of your mind over a very long period of time. It’s based on something I didn’t initially plan but developed over 20 years.
First, if you are in your 30’s to 40’s, travel a lot. To as many diverse places as you can manage. Learn as much about the culture and life in each destination as you can. Sure the top ten tourist attractions too, but spend the time and effort to meet people and find yourself in the common areas of your destinations. Mimic what the locals do when you have the opportunity.
Maybe one or a few locations will make a good enough impression to want to return multiple times. With each trip get more local and meet more people. In time consider what your life might be like if you decided to stay. If you have an interest in that at all, then begin searching out the hard questions associated with living there. Take your time, you have years to accomplish that. Each trip may bring one or two revelations, good and bad. Just make a little effort to be aware of them, and file them in your brain for future consideration.
I did that mostly unknowingly for about 30 years. Then about 7 years ago it became apparent what I was subconsciously doing and only then did I begin to get a tad more serious. Still a silly thought.
Then one day, after my semi-retirement began, the market crashed. My retirement was in that market. Yes, it will come back. I am not worried about that. May take five years and until then I just need to live carefully. Prior to the collapse I could live comfortably to 100 on my investments, but nothing would be left for the kids. After the collapse, without a stunning comeback, I was looking at 85 if I exercised great care. Of course that stunning comeback will occur, but I never bet on things I can not control.
So what if I moved to a cheap country that I enjoyed in Europe? I ran the numbers. I could live till 100 and have more money in the bank then when I started. I ran the numbers again and discovered 10 years in Europe, living a better life than I had ever imagined in the US, and I could return to the US and live to 100 as originally planned. Again, the market will come back and depending on when, I can leave Europe much sooner. But again, I don’t bet on things like this.
This would not have been possible if not for my travel attitude and interests over 30+ years. Again, not my plan when I started, if I had known what I know now, yes, it would have been my plan and this would have been easier to achieve. So my suggestion; keep aware that through travel you are building possibilities. Don’t waste the advantage of travel and ask others, the locals and yourself a lot of questions along the way. You are banking experience and knowledge for a possible future benefit …. Or worst case, you are intellectually better for it.
It would not have been possible if I hadn’t spent years making acquaintances and friends here, if I hadn’t made a few investments here, if I hadn’t gotten inside the home of the locals and discussed business and taxes and government services with the locals.
Not necessarily a reason to travel, but a thought to keep in the back of your mind. At the very least if you never use it to facilitate a move, you will come to understand how good you have it back home or possibly the opposite and be able to contemplate the truth and the lack of truth behind a lot of common wisdom you hear when comparing your home to the rest of the world.
In Europe they have X and we don’t have that. We should have X. Yea, we are getting X!!!!!!!!!!!!
Well, I researched X in the UK and while X was good, it created Z and Q which was horrible. I don’t see how the legislation to incorporate X into the US will prevent Z and Q. So is the balance of having X still good?