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Moving Abroad? 5 Financial Mistakes That Could Cost You Hundreds of Thousands of Dollars
Thankfully, these major mistakes are easy to avoid.
Moving abroad, either permanently, as an emigrant, or temporarily, can be a major financial investment. Now, if you’re on your own with minimal anchors holding you in place (i.e., mortgage and children are usually the two biggest that can delay moves), an international move can be, in reality, as cheap as a one-way plane ticket. However, for many, that’s not the case (nor is it that simple).
If you’re considering retirement abroad, want to take your remote work to another destination on the globe, or are ready for a new life adventure and want to uproot everything, there are a number of financial requirements (and pitfalls) you need to be made aware of.
Some of these financials are straightforward, but others are hiccups you might not consider until it’s too late. Making some of these financial mistakes can, very literally, cost you hundreds of thousands of dollars. While it can depend on where (and when) you’re going, it’s very important for you to take into consideration these financial tips, strategies, and suggestions before making the final plunge and moving abroad.
