Living and Working Abroad

So you are thinking of moving to a new country. You've been dreaming of this for as long as you can remember. You are excited, and maybe a little trepidacious, but ready to take the plunge. To help you better prepare for this next journey, we put together some pros and cons from those who have been there and done that.

Speaking the language of the country, you are moving to in addition to your countries language is a skill that is highly valuable on a resume or CV. As a foreign worker who is highly educated, particularly in the field of your choice you provide an added valuable to employers in your new country, and you significantly reduce the financial burden of excessive training.

DO YOUR RESEARCH. We can not stress how important it is to have a complete understanding of the industry that you are attempting to enter in. Also, spend time researching locations within your chosen country where your skills are in demand and supply is low.

In many countries, the cost of living is far lower than in Western countries, which can be a major roadblock when considering your move.

Take time to make a budget of your current living expenses, and of those in your country of choice. You will also want to consider climate differences between your home country and your new country, taking into account that different climates require different clothing.

Transportation should be a serious consideration, particularly if you are moving to the US. While bus, train and other means of transport are often available, you need to be diligent in researching all of your options.

One of the most common reasons we hear from people who have made a choice leave their home country and move to another is the freedom it allows them. It is a chance to make a fresh start, leave old lives and restrictions behind, and become whoever they desire.

Living abroad allows you to expand your horizons, to meet new people and explore new cultures. We found that many individuals who expatriate take extended vacations to the country they are planning on inhabiting. It's a great way to learn if it is the right fit for you and your needs.

Money. Money is possibly the biggest issue that we confront when choosing to move to another country. In many cases downsizing from your previous life, i.e., selling a property, assets, etc. are the best option. It frees you from the additional burden of maintaining two lives.

Along with the reduction of assets, you will need to have a means of supporting yourself while you settle in your new country, and unless you have a job waiting for you, while you are job hunting.

Do not underestimate the need to have a plan and money in the bank to see you through this uncertain time. This is often the making or breaking of a successful transition.

Something to consider before you make this decision, how this will affect your current relationships. There is no doubt that you are excited, but others in your life may not be as excited. Be prepared for a less than enthusiastic response. If you are committed to making this move, be ready to defend your reason. But also remember these are people who care about you, and while you might not agree, feel that they have your best interest at heart. Don't underestimate the stress you inevitably feel at being away from your family and friends as well.

Foreign culture, it may appear charming while on vacation it is not as easy at the time to either understand or appreciate. Learn as much as you can about your new countries culture before you move. Learn both the good and the bad, so you are prepared for both. Expect it to take a couple of months to adjust, and expect a degree of loneliness. Take your time in creating your new life, don't feel like you need to rush in and establish everything immediately upon arriving.

As a whole this can be a risky decision and one best undertaken with the consideration that it is expensive, challenging and pressured situation. It takes commitment and the ability to be self-sufficient when you leave to make a new country your home. Organized and thought out correctly, it could be one of the best decisions you ever make!

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1 comments

Joe Burkhart henry posted comment Mar 12, 2019 10:50 AM

investor

New City, New York, United States

Real Estate - Financing

Hi

I'm a Certified Financial Planner (CFP), Chartered Investment Counselor (CIC), and an accredited wealth management advisor (AWMA), I am pleased to tell you of an accredited angel investor and lender who may be interested in funding your business/project.
I am wondering if this is of any interest to you. Kindly write a letter to the investor and mail him a copy of your business plan / executive summary.

Name: Dr.Adrianus Koene
E-mail : adrianjkoene@gmail.com

Please, do not hesitate to email me if you have further questions.

Regards
Ruth Wickett
CIC®, AWMA®, CFP®
Chief Investment Officer