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Queer Money

Jan 4, 2022

Show notes:

This week's we scratch the surface of a listener's question about how to find low or lower-cost LGBT-friendly retirement cities. We decided to invite Jim and Luis, a gay couple who retired early and spent the last two years living mostly outside the US.

They share their slow travel experiences, explaining how they decide where to go and what differentiates their nomadic lifestyle from being on vacation.

Topics Covered

  • Why Americans in general and the gay community specifically overspends
  • How Jim & Luis describe themselves as Financial Independence/Retire Investors
  • Why Jim & Luis got rid of ALL their debt before they quit their jobs
  • How Jim & Luis build a monthly budget around their real estate investment income
  • Jim & Luis’ experience living in Portugal, Spain and Mexico during the pandemic
  • Making a mindset shift away from acquiring stuff to acquiring time
  • How cost of living and gay friendliness help Jim & Luis decide where to live
  • The benefits of Portugal’s Golden Visa program and how it works
  • Why it’s better to be nomadic than to become a tax resident in Western Europe
  • Jim & Luis’ experience with using their worldwide healthcare policy
  • What differentiates a nomadic lifestyle or slow travel from being on vacation
  • How to avoid lifestyle creep and say NO to the peer pressure to spend