Ecuador residence may be good idea for many… but I do not recommend investing everything in Ecuador.
Our recent article Ecuador and the US dollar outlined how I am short the US dollar via dollar loans and hold euros, emerging currencies and Ecuador real estate.
The sunshine always shines somewhere. Sunrise from our condo in Cotacachi.
After reading this, one might wonder why such a spread?
The first book I wrote in the 1970s was “Passport to International Profit”… not “Passport to Ecuador Profit”… not “Passport to US Profit”… not “Passport to European Profit”.
The core message in “Passport to International Profit” was become a one man multinational with a six point command posture which is to:
Live in one country
Bank in a second country
Invest in many countries
Earn in two or more countries
Use a company incorporated in a fifth country
Take a second residence
Let’s take this one step further. To have a fulfilling six point lifestyle posture:
Live in one country you love.
Bank in a second country that is safe and that you really enjoy.
Invest in many countries you would like to explore or feel good about.
Earn in two or more countries you would like to explore or feel good about.
Use a company incorporated in a fifth country that best fits your circumstances.
Take a second residence in a place where you love and want to be.
Merri and I have followed this advice throughout our business career.
The sun always shines in more than once place. Sunset from our apartment in San Clemente Ecuador.
We have always had a place in the US… always in small towns by the way… Naples Florida when it was a small fishing village… Murphy and Lansing North Carolina and now Mt. Dora Florida.
A recent article Smalltown USA Revisted said: Finally we get to revisit Smalltown USA. As Merri and I begin our 42nd year of international investing and business seminars and publishing, we gain great comfort and enthusiasm from the feel of how our efforts in this last seven year cycle progressed.
First we are excited that in this upcoming seven years we can expand our focus on Small town USA as well as global investing and Ecuador.
I doubt things will get so bad in the US that Merri and I would not want to live there anymore.
Follow the sun. Sunrise from our Blue Ridge North Carolina house.
I have options because I am diversified. Yet the options fit my particular lifestyle and do not cost me anything if events where I live, as expected turn out positive.
The US is central to our family. Our new home in Florida was chosen in part because it is near our eldest grandson who we feel at age seven can benefit from quality time with us. The US is a country we love and know and as US citizens we have certain rights even if they have greatly diminished. Plus the US can be a great place to be.
Follow your sun. Lake County Florida sunset… our newest home.
However Ecuador is wonderful as well. Ecuador is 3 hours and 45 minutes from the US and we enjoy being in Ecuador for many reasons.
Ecuador gives us great weather in the winter and we love the people and the place. Ecuador is not a bunghole we have chosen because we dislike or fear some other place. Ecuador is a place we love.
I doubt that things will get so bad in Ecuador that we will not want to live there. I doubt even more that things will get so bad in BOTH Ecuador and the US that Merri and I could not stay.
There is always something we do not know, sooo… just in case, here is a photo from my passport. This is the stamp you get when you are allowed to reside permanently in the UK.
I can always live in the UK and from there, because of European regulations, I can pretty well live anywhere in the European Union.
Life in Europe would be our third choice.
The sun does shine in England… as evidenced by this shot our son Jake took near his home in Bristol.
This also fits into our lifestyle. Merri and I have both lived there for years. We are both multi lingual… me a bit, Merri more than me. She can get by in Spanish, German or French. We have children who live in England and expect to have grandchildren living there some day.
Yet if Europe is our third choice…why are euros our first choice currency that is so overweighted in our portfolio?
We do not have to invest in the country where we live. I believe that the huge US debt and deficits will drag the US dollar down. I have even less confidence in the Ecuadorian government’s fiscal capability.
Here is the interesting part of my currency choice. I do not particularly like the euro either.
So why so many euros?
The euro to me is the best of several bad choices.
As shown above. The euro represents the biggest economy in the world. This is one reason for the choice. The alternatives are BRIC currencies (Brazil, Russia, India and China). They are represented (and are likely to increase) in the emerging portion of my portfolio. But I cannot gain enough confidence in these countries to go beyond a 25% weighting.
So the euro wins by default.
I also like the fuddled aspect of European politics… as I do Ecuadorian politics. Both have so many diverse interests pulling in opposite directions that the political process is slowed.
No government action seems to be much better than efficient bad activity such as we have seen in the US.
We live in a time of incredible opportunity and freedom. There are probably dozens of places where each of us could enjoy living, investing and doing business. There is no need to look for the one perfect place. In fact, such a Utopia probably does not exist.
There are however many places like Smalltown USA, Ecuador and Smalltown Europe where one can enjoy living full or part time and gain lifestyle diversification.
Also do not look for the perfect place to live, or the one and only business to do or the best investment of all forever. Our circumstances and countries, institutions and relations change.
Diversification gives us a greater ability to change too.
The greatest asset for diversification is the ability to earn wherever you live and to keep your investments safe.
This is why we offer our course Tangled Web… How to Have an Internet Business as well as this multi currency service.
A clear mind and sound body is also a vital tool for embracing change which is why we have added an optional, extra day (at no added cost) to our upcoming International Investing and Business course. The one day Quantum wealth workshop looks at how to gain super thinking and better health to assist in making wiser investing and business decisions.
We hope you will join us.
Feb. 11-14 Quantum Wealth Florida -International Investing & Internet Business, Mt. Dora, Florida ($749) Couple $999
Gary
See the best Ecuador property for you. Find the best real estate offers. Know more of Ecuador. To help you experience a bigger adventure in this wonderful nation, to broaden your horizons, to expand your awareness of all Ecuador offers, we are providing deep discounts in 2010 for those who sign up for multiple tours.
Join us in Ecuador or Florida or Both. See the best Ecuador property for you. Find the best real estate offers. Know more of Ecuador. To help you experience a bigger adventure in this wonderful nation, to broaden your horizons, to expand your awareness of all Ecuador offers, we are providing deep discounts in 2010 for those who sign up for multiple tours.
Join us at our upcoming courses and tours.
December 6-8 Blaine Watson’s Beyond Logic & Shamanic Tour
December 9-10 Imbabura Real Estate Tour
December 11-13 Ecuador Coastal Real Estate Tour
Join us in 2010. See our winter Ecuador real estate tours below.
Jan. 8-11 Ecuador Export Tour $499 Couple $749
Jan. 8-11 Ecuador Export Tour $499 Couple $749
Jan. 13-14 Imbabura Real Estate Tour $499 Couple $749
Jan. 15-18 Coastal Real Estate Tour $499 Couple $749
Jan. 19-20 Quito-Mindo Real Estate Tour $499 Couple $749
Jan. 21-23 Cuenca Real Estate Tour $499 Couple $749
Enjoy extra savings with our special early bird fees (if you enroll in November 2009)
Join us in February or March.
Feb. 11-14 Quantum Wealth Florida -International Investing & Internet Business, Mt. Dora, Florida ($749) Couple $999
Feb. 15-16 Travel to and visit Quito
Feb 17 Travel to Manta
Feb. 18-19 Coastal Real Estate Tour $499 Couple $749 or discounted fee for multiple tours below.
Feb. 20 Travel to Cotacachi
Feb. 21-22 Imbabura Real Estate Tour $499 Couple $749 or discounted fee for multiple tours below.
Feb. 23-24 Quito-Mindo Real Estate Tour $499 Couple $749 or discounted fee for multiple tours below.
Feb. 26-27 Cuenca Real Estate Tour $499 Couple $749 or discounted fee for multiple tours below.
Mar. 11-14 Super Thinking + Spanish Course, Mt. Dora, Florida $749 Couple $999
Mar. 15-16 Travel to Quito and Andes
Mar. 17-18 Imbabura Real Estate Tour $499 Couple $749 or discounted fee for multiple tours below.
Mar. 19-20 Cotacachi Shamanic Tour $499 Couple $749 or discounted fee for multiple tours below.
Mar. 22-23 Coastal Real Estate Tour $499 Couple $749 or discounted fee for multiple tours below.
Mar. 25-26 Cuenca Real Estate Tour $499 Couple $749 or discounted fee for multiple tours below.
Enjoy extra savings with our special early bird fees (if you enroll in November 2009)
2 seminar courses & tours $949 Couple $1,399
3 seminar courses & tours $1199 Couple $1,749
4 seminar courses & tours $1,399 Couple $2,149
5 seminar courses & tours $1,599 Couple $2,499
6 seminars courses & tours $1,999 Couple $2,999
(Be sure to show in the comments section which courses and tours you are attending)
International Club attend up to 52 courses and tours in 2010 free.
