Tag Archive | "North America"

International Investment Variables


There are many international investment variables we can never see when we invest or start a business.

Here are links to three ideas that can help international investments and an international internet business bring you everlasting wealth.

The first link is about  how to deal many international investment fundamentals beyond our control. such as the full moon.

international-investments

Full moon photo I took in Cotacachi Ecuador.

The second link looks at the new Thomas Fischer’s report “Money & More” & Jyske Global Asset Management’s current international investment portfolio positions.

The third link looks at an Ecuador ice cream business idea.

Knowing how to earn wherever you live… all the time… is the greatest asset of all.

This is why we offer our course Tangled Web… How to Have an Internet Business.

A clear mind and healthy body are also a vital assets… plus a second language is a powerful diversification tool.

This is why I am willing to pay you $300 to attend either our Ecuador Super Thinking plus Spanish seminar in September or our North Carolina International Business & Investing seminar in October.  Sign up for either seminar and I will email you our Tangled Web… How to Have an Internet Business Course (offered at $299) free plus I’ll knock an extra dollar off your seminar fee…. to round up the $300 savings.

See details of the two seminars below.

international-investment-course

Thomas Fischer teaching at our IBEZ seminar.

Join Merri, Thomas Fischer of JGAM, our webmaster David Cross and me in North Carolina this October and enroll in our emailed course on how to have a web business free.  Save $300.

Learn more about global investing, how to have an international business and diversification in Ecuador at the seminar.

Oct. 9-11 IBEZ North Carolina

Here is an email for a recent seminar delegate: Hello Gary and Merri,  I have wanted to write to tell you how much we enjoyed your IBEZ seminar, and to thank you both for inviting us all into your lovely home for lunch last Sunday.  Merri, again, thank you for taking the time to prepare foods especially for me; they were delicious, and I appreciate your effort!  Thank you for a thoroughly enjoyable, very well done, stimulating seminar.  I came away not only with all the notes provided, but also with many ideas which I plan to begin working on now that we are back home.  Wishing you all the best,

Or join us in Ecuador and learn more about living and retiring in Ecuador.

international-investing

We take delegates on our Ecuador seminars to Otavalo markets.  Many buy enough goods to resell in North America to pay for their entire trip.  These woolen and mixed scarves are one of the most popular items.

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 21-24 Ecuador Import Export Tour

Nov. 6-8 IBEZ Ecuador Seminar
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador seminar or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Funky Global Business Part III


Here is a funky Ecuador real estate business idea.

The last two messages were part of this three part series on thinking outside the box or Funkiness Thought.  If you missed part one or two, see Funky Global Business here.   See Funky Business II here.

Big problems create big opportunity,   One big problem is the rising cost of living in North America. This is why I have been writing about investing in low cost Ecuador real estate for over a decade.

When I started sharing this idea 14 or 15 years ago it was WAY out of the box.

This has been a great idea but now prices have risen in some of Ecuador’s more popular areas.  So we have to work harder to be out of the box in our Ecuador real estate thinking.

I recently posted a Loja Ecuador guide at Ecuador Living as a funky business idea.

Funky is created by thinking outside the box and as more North Americans move to Ecuador, one place they have missed is Loja.

Recently Dario Espinosa placed an advertisement entitled Ecuador Luxury Villa in Loja Ecuador at our site.

His ad offered rentals of the  luxury Villa Serena.  The villa is built around a magnificent courtyard with a fountain and wide corridors.

loja-ecuador-villa-for- rent tags

You can see many similarities in the colonial architecture of Villa Serena and our hotel, Meson de las Flores in Cotacachi.

ecuador-hotels-cotacachi-meson

Shortly after the ad appeared Dario wrote:

Thanks Gary.  I have received several inquiries as a result of your e-mails.  Looking forward to the article about Loja next week.  I really would love to see more foreigners starting to discover Loja.  It is such a lovely city.  I would love to see them buying old colonial homes and restoring them.  I will be happy to assist them with that for free, just to see the architecture of Loja in good hands and preserved.  That is basically why I am selling Villa Serena.  It has a lot of sentimental value to me because it was my family house, but if I sell it I will use the same money to continue buying old properties and restoring them.  Besides, I really enjoy doing it.  Regards,  Dario

I thought… what a funky idea. fix up old places in Loja!

So I asked Dario to tell us more about Loja Ecuador.  There may be some business potential fixing up property in Ecuador. I know this idea has worked well for Merri and me in Cotacachi where we fixed up our old colonial hotel and Casa Blanca condos.

loja-ecuador-picture

Photograph of Loja, Ecuador by Milton Ramirez.

I asked Dario if he would create a Loja Ecuador guide for us.

loja-ecuador-photo

Loja at sunset picture at Tripadvisor.

Here is what he shared.

Loja a hidden gem in the south of Ecuador.

The city of Loja is located in the south of Ecuador at 6,200 feet above sea level in the Cuxibamba  valley.

In September 2008,  Travel and Leisure magazine said “The remote village of Loja hidden in a small valley in the high Andes, looks very much like a South American Shangri-la. This is one of the best preserved colonial cities in South America, it remains off the beaten path, unlike Quito and Cuenca.”

This is a fairly accurate description of the lovely city of Loja.  There are approximately 150,000 people living in this wonderful city.  Because of its relative small size, almost everything is within walking distance.

Cars are more a luxury than a real need. Taxis like in most Ecuadorean cities are always available and the rate almost any place around the city is $1 US.  Incredible!

Surrounded by magnificent mountains and two rivers, the city of Loja is considered the Music Capital of Ecuador.  Culture has always been a very important factor in the life of its citizens.  Loja has beautiful churches, museums, two universities, the oldest highs school in Ecuador was founded in Loja. The music conservatory has produced some of the most acclaimed musicians in Ecuador.

On weekends, the city comes alive with live music and dance in its many cafes and bars.

For the last 20 years, Loja has been the pioneer city in Ecuador when it comes to protecting the environment.  Loja’s Municipality has a recycling program that has been copied by other cities in Ecuador and South America. Loja is the cleanest city in Ecuador and it was designated “Ciudad Ecologica” and received international awards for its commitment to environmental protection.

Safety is a major concern for foreigners looking to retire in a foreign country.  Crime rate in Loja is extremely low.  Citizens in Loja feel safe walking around the city day and night.

With more than ten private clinics, and two large hospitals, Loja offers first class medical facilities. Needless to say, medical expenses in Ecuador are extremely affordable.  As an example, an appendectomy and three nights at the best private clinic in Loja in a private room costs $1,100 US. The same procedure and the same accommodations at a medical facility in the United States will be above $12,000 dollars.  Many doctors in the city are educated abroad. Loja’s private clinics offer the latest equipment and technology to treat almost every medical condition.

Moving to Loja and staying in contact with relatives and friends abroad is easy. Loja offers excellent internet and telephone services.  You can also have access to Cable and Satellite TV with a variety of international TV stations.

Loja has plenty of stores with all sorts of merchandise and supplies. Supermarkets are very well stocked with American and European brands. The green markets offer fresh produce at incredibly low prices. You can walk to the markets and buy fresh products every day.  Or if you prefer, you can have your maid do it for you.  Labor is extremely affordable in Loja and most of Ecuador. Having a maid is not a luxury while living in Ecuador. For $200 to $300 a month you can have a person come to your home to cook and clean five or six days a week.

People are friendly and the majority of the young generation of citizens in Loja speak some English. People in Loja feel good about foreigners and are always willing to help when needed.

After all these positive remarks about Loja you must be wondering about real estate prices.

Loja offers a variety of properties for every budget.  There are many new condos and town houses as well as beautiful colonial homes that can be restored.

Prices are very low compared with other cities in Ecuador. As an example, a brand new two bedroom condominium can cost between $40,000 and $60,000 depending on the type of building and how close you are to downtown. A three bedroom apartment could cost between $50 and $80,000. A luxury penthouse apartment with  five bedrooms, 5 ½ baths, two terraces, two parking spaces, a large storage room, two living rooms, dining room, laundry room, kitchen and a bar is offered at $250,000.

Finally, with a fantastic mild weather all year round, there is no need for heat or air conditioning. You will not find one single house with heaters or AC units. It never gets too cold or too hot.  During the day you can wear light shirts and t-shirts and at night a light sweater or a comfortable jacket and you will be fine. Loja enjoys a temperate spring-like climate all year long. Temperatures fluctuate between 16° C (60° F) and 21° C (70° F), with an average daily temperature of 17° C (63° F).

Visit Loja in your next trip to Ecuador and you will fall in love with this magic city and its friendly people.  Dario Espinosa

loja-main-square

Photo of Independence Square also known as San Sebastian in Loja shown at Travelpod.com.

Read an in depth Loja Guide and see how you can receive a 20% discount on villa rentals in Loja Ecuador here.

Gary

Join Merri, me, my webmaster to learn more on developing an internet business and more Feb. 11-14 at our  International Investing & Internet Business seminar, in Mt. Dora.

You can also join our group and travel to Ecuador after the Mt. Dora seminar.

Feb. 15-16   Travel to and visit Quito
Feb  17         Travel to Manta
Feb. 18-19   Coastal Real Estate Tour
Feb. 20        Travel to Cotacachi
Feb. 21-22   Imbabura Real Estate Tour
Feb. 23-24  Quito-Mindo Real Estate Tour
Feb. 26-27  Cuenca Real Estate Tour

Cheap Ecuador air fares make it less expensive to get to Ecuador than ever before… plus there is still time to enjoy great Ecuador tour savings at a discount.

Monthly payments can now be made to attend our Ecuador tours. See below.

Join the International Club and start attending our seminars and tours in February.

Along with cheap Ecuador air fares there are really incredible Ecuador tour savings if you plan to attend six seminars or tours any time in all of 2010.

Our 2010 International Club membership allows you and a guest to attend as many of the 51 courses and tours we’ll sponsor and conduct in 2010  (fees would be $38,452 for all these courses individually).

The 2009 club fee was only $2,999. Because we have added four extra south Ecuador beach tours, the 2010, International Club fee rises from our 2009 enrollment to $3,500 on January 25th 2010.

Enroll in the International Club now at the original fee of $2,999. Save $501.

International Club 2010 monthly payments.

Attend our 52 investment, business, Spanish, real estate and export, courses and tours in 2010 with one small enrollment fee of $2,999.

Because holiday expenses often tighten the winter cash flow, you can enroll with three monthly payments… $1,025 in January… $1,025 in February and $1,025 in March 2010.

International Club 2010 Membership $2,999 Enroll here

International Club Three Monthly Payments of $1,025

Here are the 51 courses and tours you can attend free. Plus there is even one more savings you will see below.

Feb. 11-14   Quantum Wealth Florida -International Investing & Internet Business, Mt. Dora, Fl.

Feb. 15-16   Travel to and visit Quito
Feb  17         Travel to Manta
Feb. 18-19   Coastal Real Estate Tour
Feb. 20        Travel to Cotacachi
Feb. 21-22   Imbabura Real Estate Tour
Feb. 23-24  Quito-Mindo Real Estate Tour
Feb. 26-27  Cuenca Real Estate Tour

Mar. 11-14     Super Thinking + Spanish Course, Mt. Dora, Fl.
Mar. 15-16    Travel to Quito and Andes
Mar. 17-18     Imbabura Real Estate Tour
Mar. 19-20    Cotacachi Shamanic tour
Mar. 22-23    Coastal Real Estate Tour
Mar. 25-26    Cuenca Real Estate Tour
Mar. 28-29   South Coast Real Estate Tour

Apr. 12-15   Ecuador Export Tour ($499 or couple $749)
Apr. 17-18   Imbabura Real Estate Tour ($499 or couple $749)
Apr. 20-21  Coastal Real Estate Tour ($499 or couple $749)
Apr. 23-24  Quito-Mindo Real Estate Tour ($499 or couple $749)
Apr. 26-27  Cuenca Real Estate Tour ($499 or couple $749)

May  13-14     Ecuador Shamanic Minga  ($499 or couple $749)
May  16-17    Imbabura Real Estate Tour  ($499 or couple $749)
May  19-20    Coastal Real Estate Tour ($499 or couple $749)
May  22-23    Quito-Mindo Real Estate Tour  ($499 or couple $749)
May  25-26    Cuenca Real Estate Tour  ($499 or couple $749)
May  28-29    South Coast real Estate Tour ($499 or couple $749)

June 24         Quantum Wealth North Carolina
June 25-27    International Investing and Business North Carolina  ( $749 or couple $999)
June 28-29   Travel to Ecuador and Andes
June 30-Jly 1 Imbabura Real Estate Tour  ($499 or couple $749)
July 3-4          Coastal Real Estate Tour   ($499 or couple $749)
July 6-7          Quito-Mindo Real Estate Tour    ($499 or couple $749)
July 9-10        Cuenca Real Estate Tour   ($499 or couple $749)

Sept.   3-6      Ecuador Export Tour  ($499 or couple $749)
Sept.   8-9      Imbabura Real Estate Tour  ($499 or couple $749)
Sept. 11-12     Coastal Real Estate Tour   ($499 or couple $749)
Sept. 14-15     Cuenca Real Estate Tour    ($499 or couple $749)
Sept. 17-18     Ecuador Shamanic Minga  ($499 or couple $749)
Sept 20-21      South Coast Real Estate tour ($499 or couple $749)

Oct.    7          Quantum Wealth North Carolina
Oct.   8-10     International Investing & Business North Carolina ($749 or couple $999)
Oct.   11-12    Travel to Quito and Andes
Oct.  13-14     Imbabura Real Estate Tour ($499 or couple $749)
Oct.  16-17     Coastal Real Estate Tour ($499 or couple $749)
Oct.  19-20    Quito-Mindo Real Estate Tour ($499 or couple $749)
Oct. 22-23     Cuenca Real Estate Tour ($499 or couple $749)

Nov.    4-7        Super Thinking + Spanish Course Florida ($749 or couple $999)
Nov.    8-9       Travel to Quito and Andes
Nov. 10-11       Imbabura Real Estate Tour ($499 or couple $749)
Nov. 13-14      Coastal Real Estate Tour ($499 or couple $749)
Nov. 16-17      Quito-Mindo Real Estate  ($499 or couple $749)
Nov. 19-20     Cuenca Real Estate Tour ($499 or couple $749)
Nov  22-23      South Coast Real Estate Tour (($499 or couple $749)

Dec.   3-5       Ecuador Shamanic Mingo  ($499 or couple $749)
Dec.   7-8       Imbabura Real Estate Tour ($499 or couple $749)
Dec.  10-11    Coastal Real Estate Tour ($499 or couple $749)
Dec. 13-14     Quito-Mindo Real Estate Tour ($499 or couple $749)
Dec. 16-17      Cuenca Real Estate Tour ($499 or couple $749)

If you join the International Club, the entrance fee for 2010 is $2,999 (until January 2010).  Your attendance fees at all courses will be waived. You and your guest can attend courses worth $40,947.

You can calculate the savings as our schedule of all 2010 courses is shown below.

Arrival dates are always one or two days earlier. Please double check with us before booking flights.

I invite you to be a member of the International Club which allows you and your guest of your choice to attend all of these courses which are valued at $38,452!

International Club 2010 Membership Enroll here

You may well wonder why I would make such an offer and ask why the cost is so low? Let me answer this question frankly and from the heart.

First, it helps us do a better job for you. We feel greatly enriched when we can really help our clients improve their lives. We have learned through years of experience the best way to do this is to meet with you regularly. We can best help you learn how to improve your health and wealth through continual expansion of knowledge.

Second, we gain enormous fulfillment from the many friendships we form through the years. Our friends have enriched our lives tremendously. Let me explain this in more detail.

As a member, you will be part of our international family that meets intensively over the next year to examine ways we can make our lives better. Our goal is beyond just having money. Our goal is to have quantum wealth… good health… wealth and fulfillment through service.

Though I give all course delegates my very best, I cannot help but to do a better job for those who come again and again. As we meet often; your particular wants, needs and desires become clear, and it is easier for me to point you in the right direction.

Another phenomenon is that repeat delegates help each other! They get to know one another, help each other learn, share their insights, make contacts and gain more wealth.

Out associates in Ecuador, are experienced business people who live or work and conduct our real estate and export courses.  They can also act as your local backup for the business.

Lifestyle for Two. There is more! I have learned at my courses that many repeat delegates were couples.

We want couples! As a member of the program, you are entitled to bring another person to every single course or tour. The cost for that extra person will be ZERO!  You can bring whomever you wish. Bring your spouse, a friend, son or daughter, partner, accountant, adviser. You can bring the same person each time or a different person, whomever you choose to accompany you. (Accommodations and air fares relating to the courses are not included for members, delegates or their guests.)

Won’t you join us in this exciting club and share Merri’s and my lifestyle for the next year? We look forward to seeing you at as many courses as possible and sharing this wonderful world of abundance and well being with you!

Gary

International Club 2010 Membership $2,999 Enroll here

International Club Three Monthly Payments of $1,025

Ecuador Car Prices & Perception


Here is a lesson about Ecuador car prices and how we can gain or lose from perception.

First, you may be surprised to find that the cost of an Ecuador car overall may be less expensive than in Canada, Europe or the US.

In a moment you’ll see some new and used Ecuador car prices.  Then some broader thinking about Ecuador car prices.

First, let me share a true story (as far as I can tell) that helps illustrate a point that reflects in Ecuador car prices but goes way beyond Ecuador car prices.

You may have seen this story passed on over the internet about a musician at a Washington DC Metro Station on a cold January morning in 2007.

He played six Bach pieces for about 45 minutes. During that time approx 2 thousand people went through the station, most of them on their way to work.

After 3 min. a middle aged man noticed there was a musician playing. He slowed his pace and stopped for a few seconds and then hurried to meet his schedule.

4 min. later: The violinist received his first dollar: a woman threw the money in the till and, without stopping, continued to walk.

6 minutes: A young man leaned against the wall to listen to him, then looked at his watch and started to walk again.

Over the 45 minutes the the musician played, only 6 people stopped and stayed for a while. About 20 gave him money but continued to walk their normal pace.

He collected $32.

No one knew that the violinist was Joshua Bell, one of the best musicians in the world. He played one of the most intricate pieces ever written, with a violin worth $3.5 million dollars. Two days before he had sold out a theater in Boston where the seats averaged $100.

This is a real story.  Joshua Bell played incognito in the metro station in a test organized by the Washington Post as part of a social experiment about perception, taste and people’s priorities. The questions raised were: in a common place environment at an inappropriate hour, do we perceive beauty? Do we stop to appreciate it? Do we recognize talent in an unexpected context?

One possible conclusion reached from this experiment could be:  If we do not have a moment to stop and listen to one of the best musicians in the world playing some of the finest music ever written, with one of the most beautiful instruments ever made …..  How many other things are we missing?

So too with cars in Ecuador.  So many people from North America have a perception that they must have a car… that they never stop, even for a moment and ask about others modes of transport.

How much are we missing when we fail to enter new opportunities with an open mind?  What do we lose when we automatically try to impose old habits on new situations without first looking, experiencing and thinking.

This is how it is with so many North Americans who have not experienced Ecuador.  They impose two misconceptions about Ecuador cars.

First, they feel they must have a car without asking why.

Second, they think that Ecuador cars cost more without checking first.

So let’s look at the facts about Ecuador car prices.

Some Ecuador car prices are high… but Ecuador car prices are very misunderstood.

Some Ecuador car prices are actually lower than in the US and Europe and the cost of having a car can almost certainly be less.

Take for example a brand new Peugeot 206 that sells in Ecuador for $16,190.

I am not sure this model is still sold in Western Europe but a used 2006 model Peugeot 206  with 36,000 miles and a 1600 cc engine is advertised for sale in England at almost $17,000.

Comparing cars in different countries is difficult, but this example shows that Ecuador car prices are not anywhere as bad as some people assume.

The higher the price of a car, the greater the difference in cost.  This is in part because the percentage of Ecuador’s duty rises with price. In other words, a Mercedes may have 100% duty and a subcompact almost none.

Some cars are also partially assembled in Ecuador or other countries with trade pacts and the duty on these is reduced.

A brand new Ford Explorer XLT is advertised at $39,950 in Ecuador.  A quick check in the US shows the price in the $29,000 price range.

ecuador-car-prices

Yet a new Ford Fiesta is offered at $13,990 compared to the $12,000 to $16,000 price that is expected when the Fiesta arrives in the USA next year. Fiestas in the UK run over $17,000.

ecuador-car-prices

Ford Fiesta

Some cars seem really expensive to me.  The price shown for a Honda Odyssey minivan like Merri and I drive in the US appears to be double what we would pay in the US.  New Volkswagon Golf (called Rabbits in the US) GTIs seem astronomical as well.

Yet the asking price for a brand new Hyundai Atos Prime is only $10,290.

So depending on what you want, the price of an Ecuador car can be higher than in the US and Europe… or less.

Ecuador used car prices are not out of line either.

This 2000 Chevrolet Cheyenne pickup with 78,000 miles has an asking price of $11,000.

ecuador-car-prices

2005 Toyota Corolla, 54,000 miles, $14,700.

ecuador-car-prices

Previous articles at our site have mentioned that Merri and I do not have a car in Ecuador nor do we drive in Ecuador.  Most of our readers do not have Ecuador cars. See why at Ecuador Car Rental Review.

Though we prefer to hire drivers with cars, you can see from the prices above and below that those who want an Ecuador car will find them easily affordable.

If one takes into account the much lower cost of gas, insurance, parking and maintenance, Ecuador cars probably cost less to run than in the US, Canada and certainly are lower than in Europe.

Every country has a system and Ecuador’s is one that encourages drivers to use smaller, fuel efficient cars that have been assembled with lower cost, local labor.

I am not sure this is what was on the politicians minds when they developed the system but with high duty on big cars and low gas prices, a larger portion of the population can have their own ride if they wish… without creating such a bad a carbon footprint.

Those who want to drive a big fuel guzzler, the polluters  pay in advance.

Plus you cannot import old cars into Ecuador… only new more efficient, less polluting vehicles are allowed in.

I wonder if this is a better system than cash for clunkers where the tax payer, rather than drivers of large and old fuel consumers, pay to achieve better fuel economy?

See more used Ecuador car prices and how to obtain new Ecuador car prices for 239 different models, 220 used cars and  a list of Ecuador car dealers here.

Getting new cars in the US is one of my least favorite activities and one delight for me in Ecuador is avoiding this task.

If you feel you must have or at least know about Ecuador cars… I hope this helps.

Gary

Join Merri me and Thomas Fischer of JGAM and our webmaster David Cross in North Carolina this October and enroll in our emailed course on how to have a web business free.  Save $299.

Learn more about global investing, how to have an international business and early retirement in Ecuador at the course.

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 21-24 Ecuador Import Export Tour

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Ecuador Car Rental


You can see Ecuador car rental companies and Ecuador car rental rates below.

Ecuador car rentals are something we avoid so before we look at the rentals let me try to talk you out of using an Ecuador car rental.

ecuador-car-rentals

One reason why we do not recommend driving is we often see three drivers passing like this… all at once… round bends on the mountain roads.

There are three reasons not to use Ecuador car rentals.

The first reason not to rent an Ecuador car rental is safety. Ecuador drivers are lane discipline challenged. Drivers from North America are in an unfamiliar atmosphere, distracted and do not know where they are going on mostly curvy, mountainous and not always well maintained roads.

Road conditions, especially off the main highways are unpredictable especially after heavy rains.  Mudslides CAN close and/or wash away roads.

This increases the odds of an accident.  Heaven forbid that someone is hurt in a crash.   Even if not… a fender bender in Ecuador can create inconvenience and delay.

The second reason to avoid Ecuador car rentals is that a car with a driver works better.

On our first trip to Ecuador about 15 years ago, it was due to our driver that we discovered Cotacachi and La Mirage Garden Hotel and Spa.

What a find!

I have to give  credit for this discovery to our driver Milton from the Hotel Quito. We had been given the name of another hacienda to check out for lunch. Milton ignored our instructions and took us directly to La Mirage instead. Perhaps this was because he knew that La Mirage was better. Perhaps he knew that the owner of La Mirage gives drivers an excellent lunch.

In those days (15 years ago) La Mirage was hidden behind a trash dump.  We would never ever have ventured there without our driver.

Whatever the case, we are eternally grateful.  We loved this 22 room hotel which sits on ten lush gardened acres surrounded by breathtaking Andean views.

The hacienda restaurant is not expensive, yet absolutely first class. Just stepping onto the property, we felt wonderful.  La Mirage is a truly magical place and we take many of our delegates there.  We have made life long friends with the owners and count La Mirage as our most precious find.

The third reason to avoid car rentals is convenience.

Ecuador scenery is spectacular.  How can you enjoy it and drive without creating a risk?

Imagine trying to drive when views like this compete.

Ecuador Day 3 089

The views can be distracting!

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Even some of the roads in (center of Cotacachi) have views that distract!

ecuador-car-rental

Such beautiful scenery and so many interesting sites create part of the challenge of driving on these roads.

Ecuador’s taxis are inexpensive and quite good.

ecuador-cabs

Here is a Cotacachi Ecuador taxi.

Cotacachi Real Estate - Calle Bolivar

When we send drivers to meet guests arriving at the airport, we send trusted taxi drivers whom we’ve come to know very well.  They have driven from Quito to Cotacachi dozens and dozens of times without incident and brought hundreds of guests just like you to Meson de Las Flores.

Drivers will know if roads are blocked, the prettiest or fastest way to get places and they’ll know if there are any other surprises to see or avoid.

One reader who ignored our suggestion not to use an Ecuador car rental wanted to visit a city in the Amazon.  He and his wife drove the lonely road there and spent the night.  He had an important meeting in the US so planned to head back next day. On their way out, they came to a line of cars waiting.  After sitting for over an hour, he asked what about the delay and was informed that the road was open only to traffic one way each day. “Tomorrow  the road will be open to outbound cars,” he was told.

Not only did the reader miss his important meeting in the US, he and his wife had to spend the night in his car as the hotels in the town (not surprising since no one could leave) were full.

A driver would have known!

Another reason to avoid Ecuador car rentals is cost. The typical price for a car and English speaking driver who will guide you during the trip is $130 a day… plus providing the driver with a meal (a couple of dollars).  Our drivers who are wonderful but not totally excellent in English charge $55-70.  If you keep the driver overnight you’ll also be expected to pay for a room ($15 to $20).  ( A lot of hotels though will willingly give your driver a room.)

As you’ll see below, renting a mini SUV in Ecuador can cost $132 day so a car with an Ecuador driver doesn’t cost much and may actually save money!

One Ecuador Living subscriber sent this note when they received a full report on car rentals:

Gary –  I second, third and fourth your advice on hiring cars and drivers. Here are a couple of other reasons not to rent a car, except through an Ecuadorian driver and preferably in cash. (All examples taken from a personal friend who drives for us when we are Ecuador):

If you have an accident, you will be lucky if all that happens is a huge fine. Other outcomes may include cooling your heels in jail until you can come up with a “bond” or a lawsuit for real or spurious injuries or property damage from parties involved in the accident. Not to mention time lost while the matter is sorted out, in a language you don’t understand, by people you have to find and pay to help you.

Re that credit card charge, it may not be processed until you’re back in the States – you may be in for a big surprise when the bill comes.

In our experience, it’s worth spending whatever it takes to rent a bigger, more comfortable car with a more powerful engine. Because Ecuador is so mountainous, distances on the map are deceptive: You will be spending a lot more time on the road than you think if you planned your itinerary from the map. In our experience of a compact vs. an SUV, the compact left us crippled at the end of each day and the SUV was a LOT better on mountain roads.

Finally  Ecuador traffic laws are getting tighter as well and could also lead to jail.

ecuador police

Traffic cameras are now being used in Ecuador and are moved around the country.  A photo of the speeding car can lead to up to three days in jail.

New traffic regulations create a fine of appx. $15 for jaywalking and if a pedestrian is accused of causing a traffic accident the pedestrian can be held in jail during investigations.

How harshly these regulations will be enforced is unknown.

Speed limits are:   Urban areas – appx. 30 mph. At appx 10 miles over the limit can cause three days in jail.

Perimeter roads – appx. 55 mph.  Above 75 mph can cause three days in jail.

Straight highways –  appx. 60 mph.  Above 84 mph can cause three days in jail.

Curvy roads –  appx. 37 mph.  Above 45 mph can cause three days in jail.

I asked our attorney, Dr. Andres Cordova, to clarify. He replied:  Dear Gary:   Due to a high rate of traffic accidents in Ecuador authorities have decided on a crackdown on speeding, drunk and reckless driving.  As is sometimes the case here, I believe the authorities have gone beyond the limit. While this should certainly put some drivers in line, jail time for speeding seems too harsh. It’s one thing to go 10 over the limit and another to do 100mph in the middle of the city. I am not sure if the measure will stand but many people  have actually slowed down because of it.

There is a 10kph (6 mph) tolerance and above such you risk being ticketed and eventually, taken to jail for 3 days.   Radar detectors are illegal in Ecuador.

There are limits for urban areas and limits for highways. The limits change depending on the vehicle driven. Public transportation and trucks need to go slower.

Having offered this advice, here are details about Ecuador car rental rates at the time this article was posted.  Be sure to check for current rates.

AVIS has three rental rates.

ecuador-car-rental

2009 Yaris sedan.

Avis at the time of this article had the Mazda sedan for $86.40 a day including  tax and insurance with no mileage charge.

They also have a Yaris sedan for $122.90 a day including including  tax and insurance with no mileage charge.

You can see from the size of the Yaris sedan that a long journey may not be to comfortable and it costs almost as much as a car with an English speaking driver.

The 4 x 4  Vitara three door hatchback is  $98.40 a day including including  tax and insurance with no mileage charge.

The full size 4X4 Grand Vitara  5 door $132.90 a day including including  tax and insurance but no mileage charge.

You may be asked to sign two blank credit card vouchers, one for the rental fee and the other as a security deposit, and authorization for a charge of as much as US$5,000.   The unused vouchers will be returned to you when you return the car.

Be careful when dealing with some smaller agencies and always check the amount of the deductible on the insurance which may be up to US$4,000.

We hope to help you when you visit Ecuador… from buying a home to renting a car… and we recommend when you rent a car, it is with a driver.  Low local labor costs in Ecuador mean DYI does not make sense here.  Get a driver… help create employment…. enjoy your trip more… be safer and perhaps save money.  Drivers add a wonderful dimension of knowledge, safety and fun to a lovely trip in Ecuador.

Gary

Learn Spanish in Three Days ONLINE

The “Learn Spanish in Three Day Course” is now available online.

Learn Spanish in a day, or a week, month or any time frame that works for you.

I’m Gary Scott.  Over fifty years ago I started a business that has helped hundreds of thousands of subscribers learn about investing in Hong Kong (1960s and 1970s), Switzerland, London, Isle of Man (1970s and 1980s) and across Europe.  In the 1990s we took investors to Panama, Mexico and Ecuador.  That’s when we realized an incredible need for an easy way to learn Spanish.

See below how my wife Merri was able to create a program that allowed students to be speaking and understanding Spanish in just three days.

Thousands of subscribers have learned Spanish at our three day Super Spanish course.  These courses have been taught across the US, in Canada, Panama, Mexico, Ecuador, Uruguay and Spain.

spanish

A Super Spanish course in Florida.

Read below to see how and why we are now offering our Super Spanish course ONLINE for the first time.

Speaking Spanish as a second language has huge benefits.

You can become one of the rare North Americans who can get along in Spanish speaking countries.  You can be one of the special people who can communicate with 10 million non-English speakers in the USA.  Spanish is the second most used language in the USA.  There are more Spanish speakers than speakers of Chinese, French, German, Italian, Hawaiian, and the Native American languages combined.  According to the Census Bureau, Spanish is the primary language of nearly 50 million people in the US.  This is the largest Spanish-speaking community outside of Mexico. Only half of these speakers also speak English “very well,” and 19% do not speak English at all.

You become one of a leading few when you speak Spanish.  Yet there are more benefits.

An article in England’s leading newspaper, the Telegraph, entitled “Why learn a foreign language? Benefits of bilingualism” (1) sum up the biggest benefit of learning a second language and increased intelligence.  The article says (bolds are mine): “Learning a foreign language is more than just a boost to your CV or handy for traveling. 

It will make you smarter, more decisive and even better at English. 

Physiological studies have found that speaking two or more languages is a great asset to the cognitive process.  The brains of bilingual people operate differently than single language speakers, and these differences offer several mental benefits.”

The article then explains studies that show seven cognitive advantages gained from learning a foreign language.

#1:  You become smarter
#2:  You build multitasking skills
#3:  You stave off Alzheimer’s and dementia
#4:  Your memory improves
#5:  You become more perceptive
#6:  Your decision-making skills improve
#7:  You improve your English

Does it sound impossible to learn Spanish in three days?  Yes, it is impossible when you try to learn Spanish in the old, traditional way.

You may choose to take more time using the ONLINE course to learn Spanish, but thousands of our readers have learned to speak Spanish in only three days at our Spanish courses.

There is a scientific method of learning… proven and described in numerous best selling books that create educational jumps by making education natural, easy and fun.   This course works because it is education without stress!

A special method of learning (called Super Learning) was created and refined by the Bulgarian educational master, Georgi Lozanov.   Lozanov transformed the entire Soviet educational system to such a degree that this third world country beat the USA into space.

My wife Merri was lucky to be one of a handful of students outside of Bulgaria who were allowed to be taught this system in the early 1970s.  She practiced this unique and remarkable form of education for  four decades. It was a delight!

Merri and I began integrating these techniques with other shamanic and educational tactics we had gained in our global travels and then applied them to teach Spanish in three days.

The course has been proven again and again by the thousands who have used this system.  You can read a few of the many raves we have received from students who have learned from the Super Thinking Spanish course we created.

Here are a few quotes from delegates of the course.

One delegate from St. Louis wrote:  Hi Gary,  Just ended forty-five years in dentistry last week, and I’m on to a new career.  What is my new career?  Still formulating, but the eye -opening,mind expanding Super-Spanish course last weekend in St. Louis surely shows me the opportunity exists to expand my horizons.

Besides having a lot of nice people to learn our new language; the methods Merri and you developed proved to be just what you said they would be.  We all and I in particular relaxed our way to new learning.  I feel so very comfortable with the basis of my new language skills that I know I will be spitting out great Spanish sentences by the time I reach Ecuador in October.  Last year I spent six weeks in Ecuador and now I plan on conversing with the people.

Today’s excerpt of your newsletter really hit home. You do what you say you will. There are no surprises or hidden sales tricks. The only tricks are beneficial to our learning.  Thank you for a wonderful experience that I was quite unable to grasp how you would pull it off.  You did, however, and I look forward to other courses that you offer, and I have absolutely no doubt they also will work beneficially.  Best regards, Denis Molloy.

Another wrote about the Super Spanish course:   Buenos Dias, here is a testimonial for Super Thinking-Super Spanish.  Please feel free to use all or part in promotions for the course.  In addition, you may give my email address to any prospect “on the fence” about enrolling.  Yesterday, in Cotacachi, Ecuador, I finished Super Spanish.  I had high expectations for the course and they were exceeded.

After three days, I can speak Spanish in complete sentences. In simple conversations, such as buying groceries or ordering a meal, I can make myself understood. I think that’s incredible!

Although I am far from the competence level of a native speaker, I feel I’ve taken a giant step forward in learning Spanish so that I can experience the people and culture of Ecuador.  The foregoing benefits would have more than justified the time and money I invested in Super Spanish.  And learning some Spanish was not the most important benefit I got from the course.

Prior to leaving the USA, I had felt for some time that the pace of life there was unhealthy for me (and for most people) and I did nothing about it.

I’ve thought about the pace issue during the course.  One of the key elements Merri Scott designed into Super Spanish is placing the student in the optimal state for learning.  In class, the past three days, I’ve been re-introduced to guided journeys and introduced to the calming effects of Baroque music (www.sundaybaroque.org).  What a blessing! I’m inclined to make one or both a daily part of my life.   Rob Christi.  Cotacachi, Ecuador

Another attendee from a course wrote:   “I took this incredible class a few weeks ago, and I would like to tell anyone that is interested, that it is an amazing three days of learning with lots of laughs included. You leave everyday wanting to learn more and are so excited to do so.

“Other Spanish classes and tutoring made us feel like it would take forever to get to the point where we could put it into practice, but this method gave us a more fluent use for everyday life almost immediately AND the confidence to use it.  It is a fantastic way to show people how much they know and give confidence to learn and use Spanish creating a momentum.

“They made learning Spanish easy and fun in a very relaxed, comfortable atmosphere.  I would definitely recommend this course.  Even if you know some Spanish, this helps make it easier because of the less stress that no verb conjugations gives you.  This gives you more confidence in yourself to try and speak it more.

 “The stress free atmosphere and tons of interaction and participation were very conducive to learning.  The relaxation techniques alone are worth the price.  The fact that I can now feel more comfortable conversing in Spanish with my new friends and neighbors is priceless.  Muchas, muchas gracias.”

“I loved the relaxed environment.  I picked up quite a lot of new vocabulary.  I found this course very informative about how the language works, how I can make sentences and understand others better!  Muchas Gracias!  I had a call from Telcel (the local phone company) after our second class and I was able to speak and understand them for the first time. Despacio (meaning slowly) … a great word!  Everyone should take this course before they pick up bad habits.”

“I liked how simply the course was organized and the positive attitude about learning.  Thank you so much for helping me to learn Spanish!”

“I liked the laid back yet professional approach.  I highly recommend this new, relaxing method of learning Spanish,  I feel a lot more confident in the delivery of my words and sentences. It was taught in an excellent and very professional way.

“It was a very enjoyable class.”

How The Course Works

The first tactic is to use Baroque music to create Relaxed Concentration in the learning process.  At least three best selling books, “Superlearning”, the “Mozart Effect” and “Superlearning 2000” have revealed insights about how to learn and think more powerfully based on systems drawn from the Bulgarian educational master, Dr. Georgi Lozanov.  

Merri was among just a few who learned directly from Lozanov.

gary scott super thinking session

Super Spanish relaxed concentration session.

You gain six valuable ONLINE Relaxed Concentration sessions in the online course that is delivered via the internet.

The second tactic uses 17 unique lessons to provide Spanish fluency in a short time.   Let me prove to you how this tactic works by teaching you hundreds of Spanish words in less than 30 seconds.

Here is the proof.

“Most words in English that end in ION are almost identical, just pronounced differently.  For example action is accion, education-educacion, manipulation- manipulacion, etc.”

There you have it.  How long did it take you to read the sentence?  You now know hundreds of Spanish words that you will never forget.

See examples of the words you already know below.

How long would have taken you to memorize all those words?  How soon would you have forgotten them?

This is just one of seventeen Spanish lessons in the course.

The next lesson teaches how to pronounce each of the nouns.

Then, the third lesson teaches almost as many verbs, almost as quickly.

The fourth lesson shows how to avoid conjugating verbs by sticking with the infinitive (far easier than it sounds).  This simple lesson leaves a person sounding like a Spanish professor without ever conjugating a verb.

Lesson five shows how to sound infinitely polite and yet get almost anything desired in Spanish.

Lesson six gives valuable connectors and the seventh lesson triples the Spanish capacity with three words for “yesterday,” “now” and “tomorrow”.

By the end of three days you feel comfortable speaking Spanish.

Plus the system is Impro-Dynamic.  This means your Spanish keeps getting better even though you do not seem to be studying… practicing… or speaking Spanish.

I was amazed by this as I traveled back and forth from the USA to Ecuador.  The longer I was away from Ecuador… the better my Spanish became.  My second language was automatically improving The self improving feature comes because you learn to create Spanish sentences rather than remember them.  The portion of the brain that creates is more powerful than the portion that recalls.  When your mind creates something… it owns it!  You do not have to remember .

During the course you learn 4005 Spanish words that you already know.   This eliminates the need to memorize 99% of Spanish words.

You then learn how to create Spanish sentences from these words.

Throughout the course you learn how to pronounce the sentences you create.

When the course ends… the mind keeps working… and creating… so next time you begin to speak Spanish you’ll be surprised .  You improve even though you have not actively worked on your lingual skill.

Due to the difficulty of getting groups together to learn this valuable technique, we created an online program for subscribers to use the Super Spanish course at home.   The normal three day course fee is $499 ($749 for a couple).

The ONLINE course is available at the highly reduced price of $79.

I’ll be in touch personally via email with each person who signs up for this course to see how it works or what is required to make it better.  Once this test is complete, we plan to offer the program on a larger scale and at a much higher price.

The ONLINE course has our, full satisfaction or money back, guarantee.  Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund.

Learn Spanish online $79 - using coupon code SPANISH70 at checkout to immediately save $70 off the regular price of $149.

Here are more testimonials from previous Super Spanish Courses.

Maggie wrote: It didn’t really seem possible that we would be speaking and understanding Spanish in only 3 days but the course made it happen in a very supportive learning environment.  I would highly recommend this course for anyone wishing to learn “practical Spanish”.  The teaching methods, use of relaxation, the use of native Spanish speakers for pronunciation and the teachers themselves who were approachable and helpful and always positive made this a very valuable class.

This course improved my self confidence in my ability to learn and retain a language.  It was presented with genuine enthusiasm, great energy and the style of learning is very effective. Gracias!  It was a great experience.

Nadine wrote: “Just spent the last 3 days in the most wonderful learning environment learning Spanish.  What an amazing learning experience!!  First day out of class and I could not stop thinking in Spanish WOW!!  I am amazed by how much I learned, retained and how much more is showing up now that I am out of class.  And the best part is THERE WAS NO STUDYING!! Indeed this is Super Thinking!!!  I would highly recommend this to anyone that has ever had a desire to learn another language or learn anything in record time.

And a few days after that ….  As I went through my day, just hanging out with my son, I could see myself starting to think in Spanish.  At first I thought it was amusing but as it continued and increased I thought “My goodness this is really remarkable amazing” It was really an effortless unfolding.  I wasn’t at any point “trying” to think in Spanish, just words I knew would fly across the screen in my mind.  And then this afternoon, my son cuddled up on the couch to watch some cartoons on his ipad and was watching Peppa Pig in Spanish…hmm coincidence?  I think not, I’m radiating Spanish so much that my son is being influenced!  Thanks a million again.  This weekend the best learning experience of my life!!

If you have ever had a desire to learn Spanish this is the way to do it!  By the end of the first day I had more confidence and more practical ability than I had from any previous courses I had taken.  It was fun and relaxed and full of laughter.  You will leave this class excited to use what you have learned.  Rather than leaving overwhelmed with how much you have yet to learn and master, you are equipped with the knowledge and know how to go out and communicate as well as the excitement to do it!”

Gary noted:  “The whole approach is positive and conducive to learning at a level that benefits ALL participants.  It is not intimidating and does not set up a pass/fail atmosphere.  The presenters are terrific and the results unbelievable.  It was relaxed, informal, friendly and effective.”

Twila said:  “This class provided a very refreshing and relaxed way of learning.  The atmosphere felt very safe to say the words you were practicing.  I learned a lot in a way that will make it easy to apply.  Starting with conversation is way more fun.  How quickly you can learn!  It was a great group, great instructors and great stories.

The atmosphere in the classroom was so relaxed that learning Spanish felt like a breeze and not like a painful task.  The relaxation exercises are really conducive to language learning.  We learned A LOT in a short time and it was fun and the environment was non-threatening.”

Brigitte sent this:  “Buenos Dias, Suzanne. su clase de espanol es excelente! Muchas Gracias!  
I have already done what you suggested and went into the program listening to the music and going over the lessons.  I know: Repetition……reinforcement…..thinking in the new language….it’s all part of it.  I loved your course and will certainly recommend it to friends.  Who knows….I might feel the urge and have the opportunity to repeat it at your beautiful place in Puerto Aventuras…..Quien sabe? Hasta otro dia y saludos a su familia.”

Marie wrote:  “I would highly recommend this course.  The amount covered in 3 days is amazing!  All with no stress.  The correlation lessons and pronunciation practice has greatly reduced my anxiety to go out and use my Spanish.  I really enjoyed the whole process and thank you for the take away tools.”

Learn Spanish online $79 - using coupon code SPANISH70 at checkout to immediately save $70 off the regular price of $149.

Here is the English translation of a few of the many Spanish words you now know and will never forget.  How long would it have taken you to memorize them?  How soon would you forget?

“Most words in English that end in ION are almost identical, just pronounced differently.  For example, action is accion, education-educacion, manipulation- manipulacion, etc.”

Some more of these words:  Combination, Attrition, Education, Vacation, Petition, Lotion, Motion, Construction, Abduction, Pronunciation, Concentration and a ton of others!

Learn Young or Old

Most Super Spanish students are all ages ,

Gary-scott-spanish-course

Super Spanish students at this course ranged from nine to over eighty years old.

Become a Spanish translator!

The wife of one couple who attended explained how after just three days her husband ended up as an accidental translator.

She wrote:  Gary,  I have sent Merri a couple of messages, and  a story of Mike being able to translate yesterday for a Spanish person  who couldn’t understand what a man was trying to tell him!

Does it sound impossible to learn Spanish in three days?  Yes, it is impossible when you try to learn Spanish in the old, traditional way.

The video below shows a super fast way to gain the basics so you can communicate in Spanish in just three days.

Gary-scott-super-spanish

Click here for FREE Super Spanish video.

Still can’t believe you can learn Spanish in a short time?

You have nothing to lose but to try.

The ONLINE Super Spanish course has our, full satisfaction or money back, guarantee. 

Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund.

Learn Spanish online $79 - using coupon code SPANISH70 at checkout to immediately save $70 off the regular price of $149.

(1) www.telegraph.co.uk Benefits-of-bilingualism.html

International Investing Clue


A recent New York Times article gives us an international investing clues.

Here is an excerpt:

WASHINGTON — Reacting to the violent swings in oil prices in recent months, federal regulators announced on Tuesday that they were considering new restrictions on “speculative” traders in markets for oil, natural gas and other energy products.

The move is a big departure from the hands-off approach to market regulation of the last two decades. It also highlights a broader shift toward tougher government oversight under President Obama.

When a government becomes heavily involved in commerce we can expect a loss somewhere. In this case the loss will be in the value of the US dollar.

One way to beat a falling dollar is to but real estate.  Merri and I are always searching for more real estate to but in Ecuador… like this. We (and two of our daughters) have six of these units just 133 steps to the beach.

international-investments

History has proven that governments do not run businesses well.

Take for example, the recent US government commercial decision to bailout numerous failed US businesses.

The bailout was the first error.

The idea of profit, loss and accountability is to weed out businesses that are not productive, competitive or are no longer needed due to change.

When governments invest in infrastructure… this can be okay… even productive for a nation as a whole.

When governments interfere in commerce and spend billions on losers… expect little good.

As soon as those current bailouts began… the question of bonuses and high salaries of the bailed out executives arose.  Is it fair for executives of failed companies to get big bonuses?

Of course not.

This is why failed businesses normally go broke… so the executives do not get paid at all.

Since the government provided bailouts… the executives who led the business into disaster are still employed.  They have all this government money and since many of them are by definition, losers…  they’ll use the losing strategy of spending that money in unproductive ways…  like with big, personal bonuses.

That’s wrong… unless the government once again steps in.

But is further involvement right?

The current solution has been to create a pay czar.

The word Czar is derived from the name Caesar and originally an meant Emperor in European medieval times. The word has since been used to define rulers with a rank like a Roman emperor… a title with an imperial connotation like a King.

Most of modern North America and Europe are nations founded on revolutions that struck down people like that, who claimed to be czars and kings.

Why do we now let our government create new ones?

This cannot be good economic news.

The US has war czar Lute, energy czar Browner… and now pay czar Feinberg.

In fact a recent Fox news article entitled “Obama’s Czars Draw Criticism From Both Sides of the Political Aisle” says: By some accounts, Obama has nearly three dozen czars in his administration, managing everything from closing the Guantanamo Bay detention facility to ending the genocide in Darfur.

So many Czars… all spending US dollars.

Government spending is the least productive type of of expenditure… because Czars  spend taxpayer’s money… not their own.

international-investments

Merri and I are look for more real estate in Florida as well. Values are getting better. One lake front property that was listed at $799,000 two months ago is now offered at $349.

Lots of unproductive spending by a government will cause its currency (in this case the US dollar) to fall.

This is my belief… in the continued long term fall of the US dollar.

If you also believe that the greenback will weaken from current levels, this could be a good time for you to borrow US dollars and invest the loan in other major currencies like the euro, Norwegian, Swedish and Danish kroner, British pound and Canadian, Australian and new Zealand dollars.

You can do this at Jyske Bank or Jyske Global Asset Management.

When using leverage with an advisory account clients living in the US are limited to currencies and US registered securities.

Such investors can use ADRs and ETFs.   These US securities have a collateral value (equities have a 67% value i.e. 2x leverage).  When using US securities JGAM requires a W9.

ETF’s traded on the NYSE can be used as collateral if Jyske bank accepts the paper and allocates an collateral value (normally not a problem but this can depend on liquidity).

US citizens living outside of the US have no limitations whatsoever and can buy any security with leverage as long as the bank has a collataral value associated with the security.

Gary

Merri and I are also looking for more property in Ashe County North Carolina where there is plenty of fresh water.

international-investments

There are several large tracts (40 to 100 acres) near our farm now for sale. A broker up here recently sent me this note.

“I am convinced that someone will make some money on this property. The Bank is eager to sell and will consider all offers.

Also, concerning other properties — right now there are entire subdivisions just sitting there unsold, with roads and underground power in place, that are being offered at steep discounts by developers who need to get out from under their mortgage commitments.

Some of these are river front properties that will be quite valuable in the future.

There are also some larger undeveloped tracts available for pretty good prices compared to two years ago.”

Our 2009 course and tour schedule.

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Tour

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.

Ecuador Retirement Lifestyle Shift


Retirement in Ecuador can shift lifestyle towards simplicity.

In a moment, let’s look at the current way to earn more income with greater safety for retirement, in Ecuador or anywhere, for now or for future retirement.

First, let’s look at how many North Americans are learning to make whatever income they have go farther… with simplicity.

When you retire in Ecuador one great benefit is being surrounded by a culture that understands and lives simply.

There are many simply pleasures in Ecuador like…

retire in Ecuador

Don’t get me wrong.  You can enjoy  luxuries when you live or retire in Ecuador.

This excerpt from a recent article at Ecuador Living entitled “Retire in Ecuador Guide – Communications” shows how to eliminate long distance telephone charges in Ecuador:

When you retire in Ecuador enjoy new but different luxuries. Luxury differs in every culture and country. For example in Ecuador, tile roofs, hardwood and ceramic floor tiles  (luxuries in North America) are low cost, standard building supplies.

A regular maid, to do dishes and laundry, costs little.

Yet washing machines and dishwashers are expensive luxuries in Ecuador.

Cars cost a lot in Ecuador.  Cabs and drivers with their own cars are cheap because personal cars have a high duty.   Commercial vehicles can be imported into Ecuador without tax.

People who couldn’t afford housekeepers or gardeners in North America can do so when they live or retire in Ecuador.

Take time to understand the system and compare costs before setting your lifestyle. Hold off on the big fridge. This will cost a lot.  A maid buying fresh food in the market every day creates employment and costs less!

Read all of  Retire in Ecuador Guide – Communications

retire in Ecuador A simple Ecuador pleasure is the good humor man on the waterfront.

Excerpts from a recent USA TODAY article  for Boomers, recession is redefining retirement  by Christine Dugas, explains more:

Life changes are becoming a focus, along with retirement-expectation changes.

“People are stepping back and asking themselves truly, ‘How much is enough?’ ” says Sheryl Garrett, a financial planner in Kansas City, Mo. It’s more of a movement to simple living than just a temporary spending cutback. “People are taking ownership of what they can control.”

Many Boomers are so busy dealing with their daily lives, from monthly bills and vacation plans, to doctor appointments and children’s college hopes, that they seldom considered their futures. And they often believe that life sort of ends with retirement.

The financial crisis has forced them to look ahead. In reality, they will live much longer and be healthier than their parents’ generation. And retirement may be filled with much more than playing golf or cards.

Retirees get married, they move, and some even have children, says James Richardson, a financial planner in Raleigh, N.C.

“In many cases, people feel more productive if they continue to work during retirement,” he says. “That was true even before the financial crisis.”

“We have to look at retirement differently,” she says. “They always say that if you are going to work in retirement, do the things that you love to do. So I’m not going to complain. I love teaching.”

Baby Boomers such as Neilson may change retirement. “They may re-create themselves so that they can do something that is productive and still earn a paycheck,” Garrett says.

People are not living on an extraordinary gravy train, he says, and they can’t use their houses as ATMs any longer. And they can’t count on buying a new refrigerator just because they want one, as opposed to when they need one.

See more on this at Wild Health & Profit.

retire in Ecuador

A simple Ecuador pleasure is a just caught fresh from the sea….fish for a dollar.

If you are planning a simpler life, you may want to consider retiring in Ecuador.

Create Extra Investment Income the Simple Way

If you plan to retire in Ecuador or are saving for a later retirement, you’ll want to increase profit and safety.

This is possible even in the recession because for the first six months of 2009 JGAM’s low risk strategy has been their best performing strategy.  With a 100% loan their low risk portfolio has risen 11.4% or at a 23% per annum rate.

Here is an excerpt from our latest multi currency lesson:

JGAM believes that this low risk strategy will remain productive for the rest of 2009 for several reasons.

First they do not believe that the economic recession is over yet.  JGAM expects the turnaround to be L-shaped (not V-shaped). This means economic growth is not expected to return to normal levels in a foreseeable time.

This economic stall creates a lack of growth that will limit corporate earnings potential and keep inflation in check.

A slow economy, without inflation, favors bonds and leaves equities at risk.   JGAM does not expect inflation to be a real threat in the near future.

Short term rates are also likely to be kept artificially low by governments to help the banking industry.   Banks are making huge profits by paying low rates on client deposits and lending the funds at higher long term rates.

Here is an example of how leveraged bonds work. Two bonds available now are:

US$ 5% Korean Electric Power  (A rated ) due 17 – 01 – 2017 paying a yield of  5.05%

GBP 5% Rep. of Hungary due 06 – 05 – 2014 price paying a yield of 10%.

Assume an investment of $100,000 in each bond… from a $100,000 investment plus a $100,000 US dollar loan at 2.75%.

The average yield per annum is 7.52% or $15,050, less $2,750 loan costs.

That leaves a $12,300 return or 12.3% per annum instead of a 7.52% return on an unleveraged $100,000 investment.

Both managed and advisory clients with JGAM can invest in a leveraged low risk portfolio but managed portfolios can obtain the greatest advantage of the strategy.

The two benefits of a managed portfolio are JGAM’s active monitoring make international investing simple plus gives the ability to invest in a wide range of global securities that are not available for most advisory clients.

Americans who live in the US but have advisory accounts cannot buy most overseas bonds.  US advisory clients who live outside the US can buy these bonds.

You can get more information from Thomas Fischer at JGAM. His email address is fischer@jgam.com

Enroll in our Multi Currency Course here

Gary

Join Merri, Thomas Fischer of JGAM and me in North Carolina this July and enroll in our multi currency course free. Save $175.

Learn more about early retirement and Ecuador.

July 24-26 IBEZ North Carolina

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

July 24-26 IBEZ North Carolina

Oct. 9-11 IBEZ North Carolina

Or join us in Ecuador and learn more about living and retiring in Ecuador.

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 21-24 Ecuador Import Export Tour

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Read the entire USA TODAY article For Boomers, recession is redefining retirement at www.usatoday.com/money/perfi/retirement/2009-06-16-retirement-boomers-recession_N.htm

Ecuador Dentists & Doctors Care


Ecuador dentists and doctors care.  This is so important… I know.

Ecuador dentists and doctors cost much less than in North America… yet there is something more about the dental – medical system in Ecuador.  The system allows Ecuador dentists and doctors enough time with patients to express their care.

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May I explain.

A reader just sent me this note about Ecuador dentists and doctors.

Gary, I moved to Quito in retirement three weeks ago.  I had occasion to need a doctor yesterday and was surprised to find that he did home visits, something long forgotten in most of North America. As it turned out, he was not an ordinary doctor. He was a very special person as well.  This doctor is head of internal medicine and hemotalogy at a Quito hospital; but due to his love of people, he takes time to do house calls.  When he arrived we sat and chatted to get to know each other, in Spanish with the occasional English word thrown in.  Then he did his medical check, etc.  I felt that I was with a caring human being who was a doctor.  I can only remember such a thing almost 60 years ago in the little country town I lived in.  Let me say that I feel well cared for.  Best wishes,

Ecuador dental and medical practices suit Merri and me perfectly.

My mom is 86 and has been a true blue allopathic patient her entire life.  She has always believed in the American medical establishment.

Now that system is letting her down. She has been in and out of the hospital for the last month.   The health insurance that she has paid for has trapped her in a truly horrible, disjointed, unconnected, non caring system where the treatment she has received has actually diminished her health.  The hospitalization has left her more ill than the original problem.

The total lack of continuity and care clashes with the note above about the care of Ecuador doctors and dentists.  The system she has is so bad that for weeks no one doctor ever saw her twice in a row.

The hospital has made so many mistakes, has been so uncaring and so disorganized… that my daughter and sister have made sure that a family member with her 7-24.   We are afraid to leave her in the hospital alone!

When my son-in-law emailed the picture above of my mom and our grand daughter, Sequoia,  I realized that Sequoia and the entire family being with her…. our care is the most powerful medicine mom has been getting.

Care heals!  Care is the glue that holds the healer – patient relationship together and makes the difference between a place of healing and a cold, hostile, dangerous atmosphere.

We have regular comments from readers who use Ecuador doctors and dentists. They are so surprised not only at the low cost… but  the care!

This is not to say that all Ecuador dentists and doctors care. There are some bad Ecuador doctors and dentists like anywhere else in the world.

This is not to say that most North American dentists and doctors do not care. The majority of doctors and dentists in the US do care!

Yet American patients and practitioners alike are stuck with many negatives in the system that neither can do much about.  Nor can it seems the politicians help either.  American health care reform has been stalled for decades and the problems are likely to grow as 60 million baby boomers retire.

Ecuador’s dental and medical system is not so influenced by the problems that the US has with pharmaceuticals, litigation and insurance.

Don’t get me wrong.  There are plenty of pharmaceutical and surgical procedures used in in Ecuador.   Yet these modalities are not so overwhelming in the medical system.

Perhaps it is because the majority of Ecuador’s population are indigenous.  Their culture has relied much more on lifestyle healing rather than symptom intervention.    Perhaps this makes most of Ecuador’s medical profession more open to alternative and complimentary healing modalities.

Health insurance is not the norm…  so the medical system is not stuck with insurance adjusters as middlemen between the patient and  healer.  This leaves Ecuador dentists and doctors with more time to spend with patients rather than paperwork.

There is very little malpractice litigation in Ecuador  so MDs and dentists are not stuck with the huge insurance premiums that can force US doctors and dentists to crowd in more patients.

No system is perfect.   Humanity’s growing population and the Western materialistic lifestyle rewards systems. So most of the time we are stuck with systems for almost everything we do… including health care.

The best way to enjoy health care is to avoid it… yet when we cannot it is good to know that in Ecuador, the health care practitioners do care.

Read more Ecuador Dentist & Doctor Reports

Gary

There are great business opportunities in medical tourism and we’ll look at how to develop an internet driven medical tourism business at our North Carolina July 24-26 seminar.

Learn how the internet era can help you increase your freedom with  your own global internet business operated from Ecuador or anywhere.

At the seminar we help you learn how to get good rankings for your business.

For example our Garyascott.com and Ecuadorliving.com sites have first page Google rankings for many Ecuador search phrases including the phrase “Ecuador Banking” and…

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and “Ecuador Attorney”.

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plus many others like “Ecuador Real Estate”,  “Ecuador Beach Property”, “Ecuador Exports”, and many many more.

At our seminar we’ll study how to get and monetize rankings.

Our rankings do so well, that according to Alexa.com our garyascott.com site’s traffic rank is in the top 20,000 US sites. Out of tens of millions.  Here is a recent Alexa report.

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Our webmaster, David Cross, will join us at the July seminar.  David is chief internet consultant to some of the largest internet marketing companies in the world.

The July seminar will focus on the essence of a successful internet business, plus those who attend this course can have our emailed course “Tangled Webs We Weave, How to Have Your Own Internet Business” FREE.  (or you can choose our email course on multi currency investing instead).  You save $299.

Learn more at Tangled Web

This seminar  is July 24 to 26 here in the green and cool North Carolina Blue Ridge Mountains.

Half this course is about international investing and Thomas Fischer at Jyske Global Asset Management helps me conduct this portion of the course.  The other half is about how to develop your own business. Merri and David help me with this.

Here is a special offer. If you enroll in the July 24 to July 26 course, I sign you up for one of our two emailed courses free. This is up to a $299 savings.

Join me and Thomas Fischer from Jyske Global Asset Management in North Carolina to learn more about economic trends and David Cross our webmaster to learn how to have a global internet business.

We’ll have lunch at the farm and enjoy the cool summer mountains. Here’s a shot of our front yard.

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Thomas Fisher speaking to our delegates at the farm.

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Delegates enjoying a private conversation with Thomas Fischer during a coffee break at the farm.

Join Merri and me with Thomas Fischer of Jyske Global Asset Management and our webmaster David Cross in North Carolina July 24-26 IBEZ North Carolina

Ecuador, Organic – Cheese & Wine III


This series, on Ecuador & organic wine and cheese, shows how big problems create big opportunities.

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There is wine and cheese opportunity in Ashe County, North Carolina too…

This is the third message in this series on Ecuador and business opportunity in wine and cheese.  See the first message at Ecuador organic cheese and wine. The second article in the series is at Ecuador organic wine and cheese.

The series began with this point:

We are enjoying a quantum shift and the way we work, live, invest and do business will never be as before.

Governments globally are trying to slow this needed economic transition and their stimulation efforts will most likely cause the loss of purchasing power in most currencies… global inflation.

The best ways to gain opportunity in this scenario is to own real estate, commodities, stocks and your own business.

The greatest asset we can have in the economic era ahead is an ability to serve… to produce a product or service that adapts to the new ways.

Do what you love!

Many of us cannot stop working… by circumstance or choice so why not do something we enjoy… live a life we like that pays its way.

Here are excerpts from a USA today article “Mortgage crisis robbing seniors of golden years” by Stephanie Armour  (link to the full article is at the end of this message).

The worst economic crisis since the Great Depression has slashed home values and triggered an unprecedented surge in foreclosures across the nation. It’s also taking an especially harsh toll on an often overlooked demographic: seniors who are retired or nearly so.

This population is being hit on all fronts. More than 600,000 seniors are delinquent or in foreclosure, according to AARP. A separate report by AARP found that 25.5 million seniors ages 50 and older have a mortgage. Unlike younger people, many are on fixed incomes and lack the money or job opportunities to catch up on payments when they fall behind.

Even those who own their homes free and clear are finding they can’t rely on equity as a retirement nest egg because home values have dropped severely, especially in retirement-rich areas such as Florida, Nevada and California.

Some seniors who had planned to sell their homes and move into retirement communities have had to postpone their plans because they can’t afford to take a loss on the sale of their current homes. Some older homeowners had been so confident that rising home values would provide retirement wealth that they neglected to save.

Now they face their final years with a dearth of financial resources to draw on. Thirty-six percent of workers ages 55 and older say the total value of their household’s savings and investments — excluding the value of their primary home and any defined benefit plans — is less than $25,000, according to the Employee

Many others share his plight. Americans 50 and older represent nearly 30% of all delinquencies and foreclosures, according to an AARP analysis released in September.

The analysis found that more than 684,000 seniors 50 and older were delinquent on their mortgages or in foreclosure. Among those, nearly 50,000 were in foreclosure or had lost their homes.

The impact of subprime lending also has fallen disproportionately on those 50 and older.

Older Americans with subprime first mortgages — those given to borrowers with less-than-perfect credit — are nearly 17 times more likely to be in foreclosure than Americans of the same age with prime loans, according to AARP. For those under 50, the comparable multiple is about 13.

This whole group is going to be hugely dependent on Social Security, and people don’t fully appreciate the magnitude of the problem.

Many younger readers I talk with feel that this is not just a boomer problem.  The generations behind the boomers face educating their children, rising insurance and even less likelihood that Social Security will be meaningful.

Yet many readers write and say they would like a lifestyle like Merri’s and mine… cool natural life in the Blue Ridge during the summer… wonderful spring time Andean weather during the winter.

If you love wine… cheese coffee and organic, here is an idea.

Parts one and two of this series looked at ideas for organic wine and cheese in Ecuador. (The Cotacachi area has great organic coffee too.)

So does Ashe country North Carolina… and there is a special opportunity now.

Somehow through fate wherever Merri and I move… no matter how far into the wild, espresso cafes follow.  When we moved to Naples, Florida… there were none.  Then they came and we left to West Jefferson and Ashe County.  There was certainly no espresso shops there… when we arrived.

Not long after Bohemia Cafe and Art Gallery opened in town… great coffee… excellent cappuccino.   Soon after Back Street Cafe opened with an Espresso machine as well.

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However I never expected a cafe with all the accouterments of Continental coffee to reach Lansing, North Carolina. After all Lansing only has a population of 192 people.

Yet it did.   Anne’s Place.

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At Lansing’s four corners.  It’s…

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a really great continental cafe in the middle of the woods!

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Merri and I rushed in the minute it opened.. actually we were the first customers.  We were so surprised over the beauty, care and thoughtfulness of the cafe.  It rivaled anything we ever had in all our years in London!

The cafe had been opened by Anne and Haskell McQuire.   Anne and Haskel are Ashe country natives who lived all over the world during Haskel’s career in the telecommunications field.

They retired back at home in Ashe and started an organic winery and this cafe.

Now for health reasons,  Anne’s Place is for sale.

Lansing is about seven miles  from West Jefferson and 20 minutes from our farm. This is a really small mountain town and this coffee shop offers an opportunity to live in a low stress environment, with fresh air, clean water and friendly neighbors.

Anne and Haskell did a really great renovation inside and out. They replaced the roof, plumbing, electrical system, put in a new hardwood floor and restored the old tin ceiling.  They added a bathroom and painted everything top to bottom.

This is a great looking and very smart place…beautifully done.

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and we saw that soon after it opened the place was hoppin’, plus…

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There is a place to live upstairs.

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This is a nice opportunity for someone who wants to live in nature and have a small shop… but there is more.

Lansing is awakening. Other new shops are coming in and the town just received a $130,000 grant to stimulate the local economy, plus…

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The wine.

Anne and Haskel started both the coffee shop and a organic vineyard, New River Winery.

New River Winery is the first commercial winery in Ashe County, in Lansing near the headwaters of the New River, one of the oldest rivers in North America.

The winery was founded in 2005 as a cooperative venture of wine lovers with a common tie to Ashe County and the Blue Ridge High Country. Its production facility is in the historic old Lansing School.

They have a tasting outlet at Bohemia Gallery in West Jefferson.

Currently the winery procures grapes from two local sources, one of which is a certified organic farm.

Yet are we forgetting the cheese?  Not a bit.

Imagine this, Merri and I live in two really remote places.   Both have great organic wine, coffee and… yes cheese.

The winery’s second retail outlet, is Ashe Cheese Factory also in West Jefferson.

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Ashe County Cheese is North Carolina’s oldest cheese plant, and has been producing quality cheese since 1930.

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When I talked to Anne and Haskel about the coffee shop sale, I had one question… “Could Anne’s Place be a distributor for new River Winery as well?”

“Yes, of course” was the reply.

There you have it.. . ideas on business with organic coffee, cheese and wine…in Ecuador and North Carolina… deep in the woods… fresh air… pure water… agriculture and a low stress pace.

Perhaps one of these ideas will create a helpful spark in you for a lifetsyle and business you love in Ecuador, North Carolina or both!

For more information on Anne’s Place for sale contact Haskell McGuire at mcguireh@skybest.com

Gary

Join us for our upcoming courses in North Carolina and Ecuador that show ways to earn income in this new economic era. We’ll visit Anne’s Place if it has not sold by then.

Learn how to earn with exports at our July 4-8  and Oct. 21-24  on our Ecuador Export Tour

Learn how to invest and do business globally at our International Business and investing courses.  Join me with Thomas Fischer and Peter Laub of Jyske Global Asset Management and my webmaster David Cross.

In North Carolina July 24-26 and Oct. 9-11  IBEZ North Carolina

We’ll have a New River wine tasting at Bohemia Gallery as we did last year. here are delegates at that tasting.

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Our North Carolina courses in 2009 will be conducted in the new…

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West Jefferson Hampton Inn.

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Just opening this June 2009 with very nice rooms and…

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really great…

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views. I took these from the hotel’s parking lot.

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Plus the Hampton Inn is just down the road from the Ashe County Cheese Factory, Bohemia Gallery and 20 minutes from the New River Winery and Anne’s Place.

In Ecuador Nov. 6-8 IBEZ Ecuador

See  good value real estate in Ecuador.

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Delegates visit the Cotacachi Ecuador Organic cheese factory.

July 8-9 Imbabura Real Estate Tour

July 10-13 Ecuador Coastal Real Estate Tour

Sept. 23-24 Imbabura Real Estate Tour

Sept. 25-28 Ecuador Coastal Real Estate Tour

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

You can read the entire article Mortgage crisis robbing seniors of golden years here.

Ecuador Wills


Ecuador wills do not work if challenged.

We’ll look at some important information about Ecuador wills and Ecuador’s legal system in a moment.

Plus see below how asset protection benefits in the LLC you use may have changed.

Here is a group of indigenous farmers that our foundation Land of the Sun (LOTS) is helping.  They created a mingo (working circle) to clean out their water system that feeds a school that LOTS is helping to renovate.  Merri and I and some friends visited to check on their progress.

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Everyone works, men…

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women…

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young…

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and old.

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Well… not everyone works.

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But everyone gets involved in helping. Here is our hotel manager Franklin Sandoval conferring with the head of the village.

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I mentioned our foundation here  because it helps us gained fulfillment in our business, plus creates tax and asset protection benefits plus is part of our estate planning to make sure that the people of Ecuador are helped even after we pass.

Making sure that your assets held abroad are protected and properly conveyed in your estate requires extra planning.

Yet many Ecuador Living subscribers have been buying real estate or are moving to Ecuador without giving thought to the added complexity in their estate plans and other legal requirements.

I strongly suggest that you review you entire estate with both a local and Ecuadorian attorney. Here are some excerpts from an Ecuador Living report on why.

The Western world operates on two systems of law, the civil law of ancient Rome, and the common law of England.  These two systems have a lot in common, yet in many important areas they differ.

These differences can create legal conflicts in contracts, wills, trusts, parental rights and even residency.

The passing of wealth to heirs for example is one area that differs.

Few people coming from North America (which operates under a British common Law system), understand that US, Canadian or Ecuador wills do not work in Ecuador if challenged.

Many legal systems have evolved from The Roman civil code.  The Napoleonic Code is the French version, established under Napoléon I in 1804.  The Napoleonic code was not the first legal code to be established in a European country with a civil legal system though. The Codex Maximilianeus bavaricus civilis was reated in Bavaria arund 1756).  The Allgemeines Landrecht formed in Prussia, around 1794.  The West Galician Code,  began in part of Austria around 1797.

Many of the civil codes in Latin America are based on an original work derived from the French code and Castillan law.  Chile was the first to accept this type of legal system in 1855.  Ecuador followed in 1858.  El Salvador,  Venezuela,  Nicaragua, Honduras, Colombia and Panama are other countries with a legal system based on this foundation.

In this Ecuador legal system, the will is called the testament and allows the testor to direct the disposal, in whole or in part, of their property, upon death.   The testor retains the right to revoke the provisions in the testament anytime during his or her life.

However there is a difference in common and civil law as to what is a person’s property is.   In most civil codes, the wife automatically owns half of all property unless otherwise  stipulated in a formal way. The children own the other half.  Period. A will cannot supersede this fact.

If a person’s will leaves all of his or her property to his or her spouse, the will works fine UNLESS the children contest the will. If they do the testament will not be valid.

This can create complications in simple circumstances.  If the circumstances become complicated… for example children from two or more marriages… then problems could mount.  There is even a concern in my mind that a surviving spouse could lose investor residency status if the inheritance falls below required minimums.    A spouse could lose residency and a house!

In a common law country a person can write a will on a scrap of paper, throw it in a drawer (not advised) and that may be enough.  Though it also might not.  In a civil code jurisdiction such a will definitely will not work!

So if you create a will in Ecuador and then write another later… be sure to make the change official. Otherwise the new will may not work.

In a common law legal system wills do not have to be recorded and often the act of writing a new will allows the new document to supersede the old.

Ecuador’s Act reforming the Civil Code, of August 17, 1989 updated a number of areas relating to  covers relationships between a children and their parents, marriage, divorce, the status of wives, marital property and marital agreements.

Having an attorney to help you with estate planning in every country where you hold property makes sense…  especially if  two of the countries have different legal systems.

The US attorney we use is our friend (and trustee of LOTS) Joe Cox.

Joe’s firms specializes in cross border tax and estate planning, asset protection and real estate.

He provides an incredible system called The Strategic Snapshot which is an easy to use, color coded visualization of a person’s structures, corporate entities, estate plan and assets. We use the snap shot and have found it incredibly useful in seeing how everything from a legal point of view should fit.

You can ask Joe about the Strategic Snapshot at  jcox@coxnici.com.

Joe’s law firm also provides an excellent estate planning newsletter that I read regularly.

A recent letter at his archive shows how and says:

Conversion to Manager-Managed LLC Format

Many individuals concerned with asset protection have formed a Limited Liability Company (“LLC”) in an effort to protect their assets. In fact, most people do not know that Florida was the second state in the United States to draft LLC legislation (dating back to 1982). Most LLCs we see in our daily practice have been formed as member-managed LLCs, that is, when the members (i.e., owners) of the LLC control and manage the LLC as well. However, due to recent changes in the law regarding LLCs, we are now recommending that any Member-Managed LLC be converted into a Manager-Managed LLC format.

The intent of this recommendation is to increase the creditor protection of the LLC should the Member be involved in a lawsuit.

For example; under a Member-Managed LLC, if a creditor of the Member is able to obtain the LLC membership units (by court order, for example), the creditor could obtain management rights and make decisions for the LLC. At least one recent court ruling (from Colorado) makes this result a possibility. However, under a Manager-Managed LLC format, the Manager retains control of the management of the assets held by the LLC even if someone else “controlled” the LLC membership units.

In a Manager-Managed LLC, an elected Manager (pursuant to the Operating Agreement) manages the LLC. Note, that an existing member can act as the initial Manager of the LLC, and an independent Manager can be elected at a later time, if desired. Under a Manager-Managed LLC format, if a member was successfully sued, and the creditor obtained the member’s LLC membership units, the Manager could withhold distributions from all Members and the creditor would receive nothing. This result could deter a potential creditor from filing an unjustified or otherwise frivolous claim.


Plus Joe’s website offers an easy to use internet questionaire. See Questionaire.

We live in a complicated world often made more frustrating by the legal system.  Legal systems are problematic enough when one lives and resides in one country.   Difficulties can compound when living and or holding assets in two countries or more… especially if both legal systems…common and civil become involved.  So get an attorney and get advice so you, your spouse and your heirs never find your results uncivil.

The text above is an excerpt from a more complete report sent to Ecuador Living subscribers that describes Ecuador legal system, how to create wills there and provides legal contacts in the US, Canada and Ecuador that can help.

Learn how to subscribe here.

Regards,

Gary

Join us in Ecuador at a 2009 course or tour.

Ecuador Coastal Real Estate Tour May 16-17. $499 Enroll here.   $749 For a couple.

Imbabura-Cotacachi Real Estate Tour May 20-21.  $499 Enroll here.  $749 For a couple.

Ecuador Amazon Herbal Tour May 22-24.  $399 Enroll here. $499 For a couple.

Take Two for One. Attend any of the three international business & investing courses below and select any one of the tours above free.

July 24-26 IBEZ North Carolina + Tangled Web

Oct. 9-11 IBEZ North Carolina + Tangled Web

Nov. 6-8  IBEZ Cotacachi + Tangled Web

Sign up for our three May 2009 tours and attend any of the IBEZ Cotacachi + Tangled Web seminar above FREE.

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Learn about our July 2009 Ecuador export tour 2-4-1 deal here.

See our full 2009 schedule here.

May 29-31  JGAM Multi Currency investment Seminar Naples Florida

June 12-14 Shamanic Mingo Tour
June 16-17 Imbabura Real Estate Tour
June 18-21 Ecuador Coastal Real Estate Tour

July 3-6 Ecuador Import Export Expedition
July 8-9 Imbabura Real Estate Tour
July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Ecuador Export Tour


Ecuador Exports Tour

July 2-6, 2009 – $499 Single Order. $749 for two. Couple Order.

This tour starts July 5th. You should arrive in Quito July 3rd.  Spend the night in Quito. (We’ll make the reservations at a 5 star hotel for a 2 star price.) The tour starts July 4th in Quito when you travel to Cotacachi and visit markets July 5th, 6th and 7th.

Join our Ecuador Export Tour hosted by our staff and delegates who have attended previous courses and are exporting from Ecuador now.

This tour visits the main export markets around Cotacachi and Otavalo, Ecuador markets.

Meet the artists, designers, creators, craftsmen, wholesalers and visit them in their workshops, homes and markets.

Improve the quality of your life, expand your horizons and reduce the tax you pay as you increase asset protection by having an overseas company and overseas income!

Join other like minded souls in Ecuador.  Learn how to gain freedom and self fulfillment through an Ecuador export business.

See Ecuador export potential  in Ecuador.

In wood products.

In Ecuador’s art.

In jewelry.

And all types of exports.

This tour goes to the high Andes. You’ll see products from Zuleta where they create handmade “green” cotton-one-of-a-kind tableware, shirts, specialty items. You’ll travel everyday to see different markets, crafts people and masters who create special products that will make your eyes gleam with delight…both for their uniqueness and attraction.

In addition, over the years we’ve combined this knowledge and experience with contacts in the form of American and European readers who now live and work in Ecuador. Working with them we have set up office and business facilities to create an export support service that we can now offer to you.

Alberto Verdezoto  and our staff, plus delegates who have attended our tours and regularly export from Ecuador will guide you.

Here is  Alberto Verdezoto guiding one of our previous tours.

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You could not be in better hands.  Alberto was in the Ecuador travel business for more than 10 years and has been our main real estate researcher for three years plus has helped conduct all our previous export expeditions.

Here is Alberto (left) leading our staff at International Living’s Ecuador seminar in March.

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We have even purchased a 180 year old hacienda that is a charming hotel to turn into your business center!

Here’s the hotel. This is where we will conduct the course when we are not visiting markets. Rooms are only $59 a night + tax.

Plus we have an experienced English-Spanish speaking business people who live here and can act as your local backup for the business.

This combination makes it possible for you to have your own Ecuadorian import/export business, which can be run from your home or in your own Ecuadorian hideaway you’ll be able to buy with your extra profits.

Timing for such a business has never been better!

Exporting has already created fortunes for a few entrepreneurial individuals. Now because of our knowledge, experience and contacts, a special business is available for you. Until recently, operating an overseas business took a great deal of time and effort to start. This is no longer true.

Technology makes it possible to take your business where opportunity is best and allows you to run this business from anywhere in the world. You can run your export business from an office or at home! The internet makes this more possible than ever before and at the course we’ll share ideas on how to develop and use your website to enhance sales.

The internet is the Colt 45 of business, the great equalizer. If you choose to have your own import-export business you too can let the internet help your business grow for wealth and freedom.

The Ecuador Export Expedition lets you visit the markets plus entitles you to a $499 discount when you attend any of our International Business Made EZ courses that teaches the marketing theory of exporting and running an internet business.

The International Business Made EZ course that I conduct is designed to teach the marketing end of Ecuador exports.  The tour which takes place separately gives you hands on experience in the actual markets.

You can attend our International Business Made EZ course before or after you join the export tour.

This export tour last three days.

Because Merri and I will not be on this tour we have reduced the fee from our normal $999 – $1,399 to only $499 or $749 for  a couple.

You will learn directly from the contacts we introduce to you.

Then you can join Merri and me before or after the tour at one of our International Business Made EZ  courses.  The Business Made EZ course mission is to help you learn how to start, organize and develop your own internet business that can help you in publishing, exports or any type of business.

The tour’s mission  is to help you actually find products that:

#1: Can be sold to easily identified markets.

#2: Can be marked up many times while allowing a fair trade for the indigenous.

#3: Can be imported in a suitcase.

The tour lets you see in a practical way  how to achieve the goals we teach in the course.

On the tour  you learn from tour leaders who have practical experience from the shipments that they have actually incurred in their own Ecuador export business.

You learn the problems encountered and how to avoid them. (This alone will save you far more than the course tuition.)

Which products? On the tour you visit carved wood, architectural and decorative woods designs in San Antonio de Ibarra.

Textiles from Otavalo.


Here is one of the vendors in Otavalo photographed by delegates at an Import-Export course.

Religious Santos and Icons from San Antonio de Ibarra

Jewelry from San Goqui.

Paintings from all over Ecuador.

Here is an example of one type of art that a previous course delegate is having made from recycled paper and a metallic paint. Their Reiki symbol line of art is sold as fast as they c0uld get it produced.

Leathers in Cotacachi.

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Here are flowers I imported that were grown in Imbabura.

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I regularly import roses from Ecuador at a fraction of the price you normally pay. Here I am with 250 roses we had delivered to our home in North Carolina for our own home.

You will visit many of these places and more so you can start your business directly from the tour.

Before or after the tour, you can attend our International Business Made EZ course (at a $499 discount)  to learn the fundamentals,  where you have visited these places, seen the goods and met contacts who can back you up (or even act as a joint venture partners).

Learn how to enjoy the finest things in life because of international friendships plus how to develop them.

We have developed contacts with top Ecuador businessmen, bankers, accountants, attorneys, marketing experts, business consultants, agents all over the country that can help you, large or small, full or part time.

There you have it, valuable contacts and knowledge about timely and fulfilling business opportunities that you can cash in on now. Regardless of whether you want your business to make millions, or just add excitement and adventure in your life, to reduce tax or even live abroad, the Ecuador Export Tour can help you get involved with something you love and turn after tax costs into tax deductible expenses.

Whether you have a successful business, want a part time business for change or as job security, this course can be of enormous value to you.

The three day course can be combined with our International business and investing courses or taken on its own.

The $499  is nominal compared to the incredible education you gain and the importance of the knowledge for you and your family’s wealth now.

One delegate who attended our Ecuador export expedition wrote:

Our business of selling Ecuador products is still going well. We are now appointing Agents across Australia and should have the whole country covered by mid-August. Our initial shops continue to re-order on a regular basis. The best shops seem to re-order every two weeks.

We have also received inquiry to provide buying services for people in a few other countries. So we will be seriously thinking about starting our own brand name to market globally. If successful, it should help many Ecuadorians.

Another couple who attended this expedition sell the goods they export at flea markets.

They wrote: Good Evening Gary/Merri.  Speaking of a small business, we have opened All American Enterprises, LLC (AAE) which includes selling products from Ecuador at a trade days operation about 200 miles East of Dallas.  I don’t know if we are off to a “bang” but we are sure having fun.  See attached pictures to include our model Consuela trying to look indigenous.

Please tell Merri we have made profit on our inventory and the big sellers are alpaca silver jewelry and Octavalo alpaca ponchos.  We will visit  at the end of September and would like to restock to include blankets/ponchos/throws from Hilana.

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Space makes it impossible to explain everything in the course, but I am convinced if you try it, you will find it improves your entire way of life! There has never been a time when the risk of higher tax, greater unemployment and investment dangers were higher in North America , but neither has the opportunity for small businesses abroad been so outstanding.

Here is one of the silver workers we visit.

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Another jewelry workshop does interesting work in silver and ostrich eggs!

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Another craftsman does incredible wood carvings covered in gold leaf like this horse.

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and incredible gold and bejeweled wooden Faberge egg.

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Todd Smith, another attendee, wrote this:

Recently Gary recommended a printer in Cotacachi, Ecuador, for me to use to print my photographic greeting cards.  I was quite skeptical about doing business in Ecuador, both for the hassle of sending money, shipping the product, and most importantly the quality of the printing.  As a photographer, I am quite picky about printing.  But, after three years of good experience with Gary, I decided to take another risk and try the printer.  The results were outstanding–better than many press jobs I’ve seen in the US, and the price was terrific.

I’ve learned that Gary likes to push his students to try things they thought were too risky.  Gary lives on the cutting edge.  But, interestingly enough, I don’t think he is really a risk-taker, because his feet are always firmly planted on the ground.  I’ve learned over time that I can trust Gary’s thinking, and that he really does come up with some unusual, and very effective, solutions to problems that I’ve tried to solve on my own.

My suggestion is simply to try out Gary.  You may have to risk some money, but my experience has been so positive that feel safe in saying that the risk will be well worth it.  Of the $1000 or so that I invested , I have earned many thousands in return, and have created a lifestyle for myself that is far more fulfilling than anything I had previously.

I did the import/export course last year in Cotacachi, though I was in Ecuador mainly for photography.  While I was there, I met one of Gary’s contacts in the rose business.  We went to his plantation and he was very willing to work with any of Gary’s students to export flowers to the US or Canada.  He showed us prices that appeared to me as if they would form the basis of  a very profitable floral business.  He also explained how the flowers are shipped FedEx directly to you, and they are cut fresh before the shipment.  This means that the flowers you resell will last much longer than those that have been sitting in a florist’s shop forever.  This could be a significant advantage over the competition, and could generate some very satisfied customers.  Sincerely,  Todd Smith

Here I am with Todd Smith trying new tailor made Ecuador suits  that cost $135 to $200…an excellent Ecuador export.

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Expand your borders now! Increase your economic security freedom, independence and success. Gain a fortune, enjoy life more and help those who are less fortunate.

Here is Bonnie Keogh who attended the export expedition enjoying an open air breakfast at El Meson de las Flores, the center of our expeditions. Bonnie wrote:

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My name is Bonnie Keough. In March 2006, I went to Ecuador to attend Gary and Merri’s import/export course.

I was hoping to find items to bring back to the States and sell. I love to travel and was looking for business ideas that would enable me to do that.

I had never been to South America (never even considered it) before so it was an adventure. I didn’t know what to expect, but I had been reading Gary’s newsletter for a while and I was impressed with the Scott’s honesty and integrity. They don’t promise overnight success or try to sell you a business opportunity. They share their wealth of experiences, open doors for you and educate you on the possibilities and opportunities available. It’s up to you to implement what you learn.

I found so much more than high quality products in Ecuador, the people I deal with are kind, hard-working folks who truly appreciate my business and I appreciate their honesty and skills. I have returned to Ecuador 6 more times since my first trip and each time I leave I’m anxious to return.

I always personally select all of the items I sell. By doing this, I’ve learned a lot about quality, prices and sources and I enjoy interacting with the people. But it is hard work and not everyone enjoys that aspect of the business. You will have to decide how much you want to participate.

Don’t expect to find mass produced items in Ecuador. If you have an idea for a product, it is a great place to have items custom made. It’s possible to find high quality labor intensive pieces, such as hand knit sweaters or hand woven rugs, at very reasonable prices.

If you have a genuine interest in pursuing an import business, whether in Ecuador or elsewhere, I’m sure you will benefit from the import course. It’s a great introduction to the country and opportunities available there and provides a background on the nuts and bolts of the business. It opened a doorway to a new life for me.

We stress that this is a course combining theory and practicality…but this is a true expedition! You’ll be having fun as you view products, interview, bargain, meet, search and many will even buy. Those who are just looking for a “classroom experience in a hotel” should not attend. Everyone will be out in the field looking and examining and finding. Bonnie.

Enroll in our Ecuador Export tour today.

July 2-6, 2009 – $499 Single Order. $749 for two. Couple Order.

Gary

Ecuador Exports Expedition