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So you’ve decided to take the plunge and emigrate. Congratulations! Your next question should be how are you going to make your move a success?
Many people decide to emigrate in order to provide a better quality of life for themselves and their family – the thought of year-round sunshine, more time with loved ones, different leisure opportunities. But whatever your motivations, it is crucial you put yourself in the best financial position possible if you are to get off to a good start in your new country. And to do that, you need to give serious thought and planning to the issue of currency exchange.
OK, so it may not seem as fun as researching all about the sun, sea and sand you can look forward to enjoying. But getting a good currency exchange rate can make a huge difference to the success of your move. And if it helps maximise the budget you have to spend on your dream home abroad that has to be time well spent.
Getting the biggest bang for your buck
For some people, currency exchange may be a key factor in their choice of destination. For instance, countries in Asia, Africa and Eastern Europe with relatively weak currencies can offer great opportunities to make your savings go further.
Alternatively, among those soon-to-be-expats who have already picked their dream location, the issue will be more a matter of how to get the most from your money.
Take buying property abroad. For many expats it means exchanging your savings into the local currency of the country to where you are moving. Exchanging large amounts can be an expensive exercise though, and isn’t to be taken lightly. Therefore, many expats employ a foreign exchange broker to guide them through the process. Others simply bide their time, research the currency market, and exchange when the rate is particularly favourable.
Money matters
Foreign exchange rates are a huge factor when moving abroad – so make sure you address it as soon as possible in the decision making process.
The best advice is to do your research thoroughly. If you want help, consider using a foreign exchange broker. And if not, ensure you shop around to get the best exchange rate possible.
Tags: Abroad, Africa, Asia, broker, budget, buy, country, currencies, currency, destination, emigrate, Europe, exchange, expat, family, financial, Foreign, home, leisure, life, location, love, market, money, move, moving, property, quality, rate, saving, success, sun
Last weekend’s shootings in Arizona have trained the world’s attention once more on America’s attitude to guns, and its charged political atmosphere.
To many outsiders, me included, America’s fixation with its guns – and the ease with which people can buy them – is incomprehensible.
Gun advocates, meanwhile, argue their case by referencing America’s frontier past, their constitutional rights and the defence of freedom.
Bridging the Cultural Divide
This divergence of opinions on the issue of gun control illustrates the cultural divide expats often have to bridge when trying to make a new country their home.
For those heading to the US, the actual question of gun ownership is one aspect. But it is understanding and living with the underlying beliefs that support such positions which are likely to prove the bigger test.
Personally, I loved living in America. I loved the landscapes, its space, the optimism and can-do attitudes. And I met nothing but warm, generous, friendly people.
Nevertheless, the country’s political environment, its commitment to capitalist economics, and prevailing sentiments around healthcare, education, religion and a host of other factors may prove insurmountable obstacles for some.
Global Challenges
And it is not just America. Such political, economic and cultural considerations should feature in your decision, whatever your intended destination.
For example, Europe offers an abundance of cultural delights, with untold historical riches, beautiful architecture, and a culinary smorgasbord from which to sample. But can you cope with Italy’s red tape, French workers’ proclivity to strike, or the famous British reserve?
It is never easy to know until you are on the ground in a country, facing the life it offers day after day.
But if you ask yourself the testing questions on how suited you are to a life abroad before you go you will be better equipped for the changes ahead.
Tags: Abroad, America, Arizona, Brit, capital, Constitution, country, cultural, destination, economic, Education, Europe, expat, freedom, French, gun, healthcare, home, Italy, life, political, religion, Shooting, States, US, world
It is exactly a year now since we repatriated from Spain to the UK. It was lovely to return in time to have Christmas with family, but looking back I wouldn’t do it the same way again. For rather than enjoying those magical weeks in the run up to Christmas, we had to spend them up to our ears in boxes, sorting and packing belongings.
Having moved several times before, we knew how much work was involved. Still, it’s amazing to discover how much “stuff” we had managed to accumulate, and how long it takes to sort.
The question then is always what do you do with it?
Which are the essential items you absolutely must take with you when relocating? Which bits can be given or thrown away? And the biggest quandary, what do you do with the rest? You know, the stuff you want to keep, or that you think might come in useful “some day.”
Unless a friend or family member is happy to give up their garage or attic indefinitely so you can jam it full of your belongings, the only real solution is to use a self storage facility. They come with several advantages:
1) It’s cost effective
For one, it is inexpensive these days to rent storage space. In addition, there are no long term contracts. That means that as you settle into your new place you have the flexibility to collect your boxes when you are ready for them.
2) It’s safe and secure
Any self storage facility worth its salt will have effective security measures in place to protect your property. Look for 24hr CCTV and individual alarms on the storage rooms.
3) It’s convenient
Self storage has become more and more popular in recent years. As a result, there is probably a self storage facility[1] close by.
Where possible it is best to look for facilities near both your old and new homes. That way you always have the option of keeping any overflow you’re not sure if you want or have space for safe.
4) It’s flexible
Unless you’re relocating to a place where the weather is pretty much the same all year round, you may also want to think about storing all that stuff you only use at certain times of the year – for example, skis or scuba gear. That way you won’t have it cluttering up the house the whole time. And that can do wonders for your state of mind!
[1] For example,
Big Yellow Self Storage has over 70 sites across Britain. You can see their facilities and locations at
http://www.bigyellow.co.uk/.
Tags: belonging, box, Christmas, cost, expat, facility, family, friend, home, house, inexpensive, move, pack, property, relocating, rent, repatriate, room, safe, secure, security, space, Spain, storage, UK, weather, work
If you’re considering moving abroad then you want to do it right from the off. Your happiness depends on it. And that means making sure you head for a destination that best meets all YOUR requirements.
So here are some of the key issues to contemplate when deciding where to live:
1) Education
For any parents, the quality of education available to their children – whether in the local state system, a private institution or at an international school – has to be a crucial factor.
If a country’s educational options are poor, think again. Your child’s future is too important.
2) Language
Which languages do you speak? Where in the world will you find it easiest to integrate, and feel most comfortable living, as a result? Which languages will prove most beneficial to your prospects going forward?
At the gates of my daughter’s school here in Britain I hear many foreign accents. One big attraction for these parents of raising their children in the UK is the English fluency they are achieving. As the world’s dominant business language at present that will stand them in good stead in the years to come.
3) Quality of life
Definitions of quality of life vary from person-to-person. But common considerations include the location’s relative cost of living, the climate, career opportunities and earning potential, access to leisure activities, the country’s political freedoms and cultural mores.
For instance, the UK is renowned for its high cost of living and poor weather. However, HSBC’s latest Expat Explorer Survey[1] ranked it the top country for entertainment, and reported that it is an easy place for expats to integrate.
The important thing is to determine which quality of life factors matter most to you.
4) Social network
It is great to have family support and contact. Yet for many people living abroad often means having to do without that.
In such situations, it is important to be in a location where there are plenty of opportunities to develop a strong circle of friends who can offer emotional support, and with whom you can share the good times.
5) Future prospects
Looking ahead, what sort of life will your location offer?
Does it hold out the prospect of attractive career opportunities, for you and any children you may have?
If you are considering retirement there, is it affordable? What sort of social life can you expect? How do the healthcare system, and healthcare costs, stack up?
Answer these crucial questions before you leave home and you have a much better chance of finding happiness and contentment when you arrive.
[1] Expat Experience is the second of three reports from HSBC’s 2010 Expat Explorer research series,
http://www.offshore.hsbc.com/1/2/international/expat/expat-survey/expat-experience-report-2010
Tags: Abroad, Britain, business, career, child, climate, comfort, cost, country, destination, earn, Education, English, entertainment, expat, explore, Foreign, freedom, friend, happiness, health, home, HSBC, integrate, Language, leisure, live, living, location, moving, parent, politic, prospect, quality, Retirement, School, survey, UK, weather, world
I have just started reading Andre Agassi’s autobiography, Open.
The book starts with Agassi playing his last tournament before retiring, the 2006 US Open.
He is in New York with his wife, tennis superstar Steffi Graf, and their two young children. For the duration of the tournament the family stay in a suite at the Four Seasons hotel in Manhattan. A “lovely suite,” he says, yet it remains another of those places that are what he terms “Not Home.”
Rather, home is Las Vegas. For all the evident pain of his childhood, the constant pushing of his father and resulting hatred of his profession, Agassi remains wedded to the city where he was born and raised.
Relocating for love
As a result, it is Germany’s Steffi Graf who has made the move abroad.
Like any relationship where the partners hail from different countries, one or other has to give up their homeland. For some that may be a welcome move. For others, a painful sacrifice. Yet if they are to survive as a unit there is no other option.
I’m no trained relationship counsellor, so I’m not trying to be an Agony Uncle on this. But over the years I have seen a lot of couples wrestle with this location issue, with varying degrees of success. Some have continued happy and strong. Others, unfortunately, have not.
So what lessons can these sporting idols offer?
1) Knowing the lingo
Graf has perfect English, which is a huge benefit.
Knowing or learning the local language is crucial when moving abroad. But it is even more important when moving to a partner’s country. Seeing as they will be jabbering away with extended family and friends in that tongue, you must be able to join in if you don’t want to get isolated socially.
2) Partner’s understanding
The home country native also has responsibilities, not least to ensure they include their partner.
That means taking them places, introducing them to friends, giving them the freedom and opportunity to make their own social circle and interact with it, supporting them through any bouts of loneliness and homesickness. Understanding and support will be critical to prevent/repair any divisions.
3) Affirm the decision
Why did Agassi and Graf settle in Las Vegas, rather than Germany or somewhere else?
Both partners need to be clear about why they have picked that particular location, rather than another.
You need to decide why, on balance, your choice of town/country offers the best quality of life for all concerned. Why does it have to be that person’s home, rather than the other way round?
If you aren’t both in agreement on this point, resentment and subsequent rupture can easily result.
4) Love-all
It’s a book, so there is always potential for the writer to put a gloss on things. Nevertheless, what comes through in Agassi’s autobiography is evidence of a couple that adore each other.
Staying together in a long-term relationship is hard enough as it is. Trying to do it as an expat is next to impossible unless there are strong bonds of love, respect and friendship.
Ultimately, it is the love you have for each other that will keep you focused on what matters most, and get you through the inevitable difficulties arise.
Tags: Abroad, Agassi, Children, city, countries, country, couple, English, expat, family, freedom, friend, Germany, Graf, home, homesick, Language, Las Vegas, life, location, loneliness, love, Manhattan, move, moving, New York, partner, profession, quality, relationship, social, tennis, US
What are your biggest worries about moving abroad?
Is it finding or settling in to a new job? Making your retirement savings stretch far enough to provide a decent quality of life? Having a healthcare system that is up to scratch? Getting your children into good schools?
According to Expat Experience[1], the latest report in HSBC’s Expat Explorer series, the top concerns keeping expats awake at night prior to relocating are:
- Being able to re-establish a social life (41%)
- Feeling lonely, and missing friends and family (34%)
The survey also found these worries affected female expats significantly more than men.
Meanwhile, missing family and friends is a particularly big concern for expats based in Australia (49%) and Canada (46%) – not surprising, since the majority were from the UK originally, and so the distances involved make regular face-to-face contact difficult.
Overcoming concerns
Such emotive issues have an obvious link – if you are worried about establishing a social life in your new destination then you are more likely to miss the existing network of family and friends you have back home.
On the flip side, if you can form strong friendships and develop a bustling (and satisfying) social life once you move abroad then you are less likely to be lonely and dwell on what you have left behind.
In short, once you land in your new location you have to make a concerted effort to get out, meet people, make friends and take advantage of whatever exciting lifestyle opportunities the country has to offer.
It’s not always easy to do. Sometimes you may have to force yourself to step out of your comfort zones. But the success of your expat venture depends on it.
[1] Expat Experience is the second of three reports from HSBC’s 2010 Expat Explorer research series,
http://www.offshore.hsbc.com/1/2/international/expat/expat-survey/expat-experience-report-2010
Tags: Abroad, Australia, Canada, Children, country, destination, expat, Expat Experience, Expat Explorer, family, female, friend, healthcare, home, HSBC, job, lifestyle, location, lonely, men, move, moving, quality of life, Retirement, School, social, survey, UK, worries
Living abroad has become so much more viable as the cost of travel plummeted.
The rise of the budget airlines, and the need for other travel operators to slash prices to compete, means moving overseas is no longer the one-way journey of old.
Instead, expats within a short-haul flight of home have suddenly been able to afford to pop back for regular weekends to catch up with family and friends. And those who relocated to another continent can make their annual pilgrimage home without needing an investment banker’s salary or a second mortgage.
For those expats flying to or from the UK though, the November 1 rise in Air Passenger Duty (APD) may shift the balance.
The new rates mean a family of four flying from the UK to Europe will pay £48 in APD when travelling economy class. For journeys to the US the family will be charged £240, to the Caribbean or South Africa £300, and to fly to Australia it will cost them £340 in tax (a rise of 55%).
Add in the actual cost of the ticket, plus the inevitable wad of spending money, and face-to-face contact with old friends and family looks a lot less appealing.
Tags: afford, Air Passenger Duty, airline, APD, Australia, budget, Caribbean, economy, Europe, expat, family, flight, friend, home, journey, living abroad, money, overseas, price, relocate, South Africa, travel, UK, US
So France has the best quality of life in Europe. Or at least that was the finding of a recent study by consumer comparison service uSwitch.com, as I highlighted in a recent posting[1].
I imagine the residents of France may be thinking something different as this week’s round of strikes and protests gets underway.
News reports say the strikes are set to widen to include a range of sectors, including road transport, energy, posts, telecommunications and public service. The industrial action has brought fears of fuel shortages as workers at oil refineries walk out, and rail chaos as train staff join in, threatening to bring the country to a standstill.
The protest has been spurred by moves to raise the minimum retirement age from 60 to 62, and the full retirement age from 65 to 67 years – a change that rather undercuts one of the advantages of French life highlighted by the uSwitch.com survey. The government claims it is needed to prevent the country’s pension deficit from spiralling out of control and threatening the system as a whole.
In total, Nicolas Sarkozy’s government has announced plans to cut spending by €45bn over the next three years in a bid to meet its budget deficit target.
Meanwhile Spain, which came second in the uSwitch.com quality of life rankings, has seen unemployment more than double (to about 20%) since 2007. In a bid to curb its budget deficit, the government is raising the top level of income tax and introducing a range of austerity measures for 2011 designed to cut spending by 8%.
Of course, the UK faces its own economic difficulties – as, for that matter, does the United States. But if you’re aiming to escape your home country’s problems and find a better quality of life by moving abroad, it’s important to remember the grass is not always greener on the other side.
[1] http://expatliving101.com/living-in-spain/what-quality-of-life-can-you-expect-abroad/
Tags: budget deficit, country, economic, Europe, France, French, fuel, government, home, income, industrial action, Moving Abroad, pension, protest, quality of life, Retirement, Spain, strike, survey, tax, transport, UK, unemployment, United States, uSwitch
So you’re moving abroad. You are filled with excitement about the prospects it offers, eager to see new places, meet new friends, pursue your dreams.
But what about the loved ones you leave behind? While you have a wealth of new opportunities and experiences to explore, all they will be left with are the memories of your lives together.
Transition Tips
No doubt they will feel your loss. Nevertheless, there are a few things you can do to make the process as painless as possible:
- Once you have decided to move, share it with your family and friends well in advance. It may take time for them to accept you are leaving, and some may try to discourage you. However, a calm approach will help. Tell them your reasons for moving, and explain the advantages you hope to achieve as a result.
- The days before you leave are bound to be hectic. You will get caught up in a whirlwind of shopping, packing, finalising insurance and visa arrangements, getting health checkups and a host of last minute details. As a result, you may not realise how quickly the days are flying. So don’t forget to spend quality time with your loved ones, especially your family, before you go.
- Try to maintain a cheerful environment while you are still at home. Avoid emotional discussions, and reminders that soon you won’t be there.
- The period after you leave home can be tough for both you and your family. Sudden bouts of loneliness may make you feel homesick, and leave them feeling sad at your absence and anxious for your safety. At these times you have to be the strong one, since it was your decision to move. So the moment you arrive, call to let your family know you are well.
- Once you reach your destination, keep yourself occupied. Get involved in your new life and location by settling into your new home, learn about your new environment, and start making friends.
- During your first few months in the country keep in touch with family and friends as often as you can, making sure you share with them all the details about the place and its people. The pleasure and relief on both sides from hearing each other’s voices is priceless. And because international calling is so cheap these days the cost is no longer a worry.
- You can stay connected too by writing emails to friends and family explaining what you did today, or by sending pictures of where you are.
- And for those friends and family back home who are not well-versed with the internet, why not write them a letter or send a postcard? It is sure to make their day.
Tags: cost, country, destination, dream, environment, experience, explore, family, fly, friend, go, health, home, homesick, insurance, international calling, internet, live, location, love, move, Moving Abroad, opportunities, people, place, safety, tip, transition, visa, wealth
Buying a property in your home country can be a time-consuming, expensive and stressful experience. So think what it’s like trying to do it in another country.
Abroad you may face unfamiliar market conditions, uncertainty around how to arrange a mortgage or how they are calculated, what legal processes are necessary and the fees you will have to pay. To complicate matters further you may not even speak the language.
Those are the sorts of obstacles my wife and I had to navigate when buying our house in Spain. It is not an experience I am eager to repeat.
Much better, I now realise, to get an expert who knows the market intimately to take the strain.
Professional Help
So I was intrigued when I heard recently about a Spanish-based company called Shortcuts Property Search (www.shortcutspropertysearch.com).
Their service is tailored to make both the searching for a property, and the actual buying process through to the signing of the escritura de compra/venta, as easy as possible. This is especially useful for people who don’t speak Spanish, and/or don’t have the time or money to make various trips to Spain before making up their minds.
Crucially, the service comes at no cost to the client either, as normally Shortcuts finds properties through agents who then pay it part of their commission. In situations where Shortcuts finds a property from a private seller the firm charges a 2% commission.
For the moment, Shortcuts Property Search only operates in Spain. But if you are buying property elsewhere in the world I would advise looking for a company that can provide a similar sort of service.
It will make the purchase process much easier and more enjoyable, saving you the stress and bitter aftertaste that can otherwise result. In the long run it will probably save you cash too, by helping you avoid all those ill-suited places, and instead finding you the best deal for your money.
Tags: Abroad, agent, buy, cash, commission, country, escritura de compra, fee, home, house, Language, legal, market, money, mortgage, property, purchase, sell, service, Shortcuts Property Search, Spain, Spanish, venta
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