tomarense

You're as daft as me, but you're right.

Late 20s, qualified, languages; where's the problem?

I would have done it, but I got married and had to wait until I was in my 40s to do it.

Just been notified of your comment, Dan. It has some merit.

Go for it kiddo!!!!!

Foxy_fromCanada

Just out of curiosity, why do you believe a property wouldn't sell or rent later on?

Thanks,
F

Dan725

It probably would....at some point. "At some point" being the key part of that sentence - this guy is a single 26 year old with no ties and can come and go as he pleases. Waiting around for a property to sell wouldn't be desirable.

Last thing I'd want to do with 3/4 of my $125k would be to tie it up in the middle of a global recession in some near third world property market. Also depending on where he might buy (C or S America), there's always the chance of political instability and losing the lot. Not the best idea I don't think.

Im not against buying property in a more stable environment....but his $125k won't get very far.

Foxy_fromCanada

Ah, I see. So one could buy a property and due to the political climate, lose it.

Perhaps, theusucks, you would be wiser to invest that money in a lucrative business (or rental properties - housing is cheap right now) in the U.S., then use the profits to travel to places more desirable to you - and spend large amounts of time there.

That way, you aren't just spending your inheritance; you're investing it in such a way that you'll benefit.

Good luck.
F

MattOR

Go for it. No kids, no mortgage, what have you got to loose? Similar thing happened to my wife and I at about the same age. We were both in jobs we detested so after coming into an unexpected windfall we quickly packed our bags and headed off to live in India for three years. I would have happily stayed there but my wife wanted to return home to pursue her art, and at a deeper level I missed my work (if not my job). Even if I never go back the experiences and memories will last a lifetime. India is poor but it proved that you don't need much to be happy.

Now after five years back in the US, with a mortgage, possessions, career, etc. I sometimes wonder what the hell I am doing. When I remember walking among the Himalayas or lounging in a hammock by the Arabian Sea with nothing more than a book and handful of clothes in a tatty old backpack I sometimes think we were mad to have come back here. The memories are more bitter sweet knowing that it will be a very long time before I can experience that again thanks to the unremitting demands of corporate USA. Still, I count myself very lucky to have been able to do that and it changed my life for the better.

Umpatan

Latin America, you can get a place for 100/month. By the way, if you have a nursing degree, you must be able to make a six figure income after all that overtime. You work like a dog to get overtime pay. If you work in a third world country where you can retire on that money, you will also get paid less than working for McDonald's in the United States.

You can retire in Indonesia or Laos or Cambodia on your money. You should take your $125,000 USD and convert your money into Gold Bullions. Gold will skyrocket, and you will be able to live off the proceeds of the Gold Bull Market. Otherwise, upon hyperinflation, your dollar will become worthless.

You can live off the interest of your money if you live like the locals. But if you can't stand life as a nurse making as much as you do, you won't have the guts to live dirt cheap like a frugal backpacker.

I know one security guard who only made $12.00 Canadian per hour. But he lived out of his car, and ate at the Sikh Temples called Gurudwaras which offer free food. The great thing about this is that the food is often of high quality as the people who eat there are not just the poor, but the rich also.
When he needed to take a shower, he went to the community centers, and sometimes, just went to the toilet and used paper towels to wash himself.
He worked 168 hours working per 2 weeks doing yoga and meditation and lived a simple life.

How did he do it? He has travelled in third world countries and learned to get around on little money. He found that cutting corners in expenses in the western world is easier as so many things are free if you just look. Perhaps the cheapest way to live is right where you live.

the troubadour

I will second that.You have a qualification that is in great demand in many countries and besides that you have two world languages French and Spanish, a considerable sum of money and age on your side.
Get out there and enjoy and i am sure opportunities that you have never considered will present themselves.
I have met quite a number of Americans living in other countries who feel as you appear to with regards to living in the USA.You will be amounst friends.

the troubadour

True enough and having property while living abroad is not always smooth sailing also..even with a property company taking care of it..believe me on this one.
Hopefully we in the western world can get away a little from the thinking of making a lot of money this way and a house will return to what it should be ...a place to live in....

Londonuck

As i look out my window to the Irish sea on this cold grey day i truly wish i was in Hastings!

I say give all your 125k to charity. Funny enough, ive just set up my own charity. Its the, get me to Hastings charity fund. I thank you in advance Mr usucks.

Umpatan

Actually, I think that the big firms like JP Morgan Chase, Goldman Sachs, Rothschilds, Warren Buffet, Builderbergers should just buy the homes and rent it out to people.

Dan725

Its funny that this thread has just rolled on for a while - I see the original poster hasn't been back since, so was obviously just trollin' with nowt better to do!

Still, some reasonable points have come out of it!

tomarense

He's lost up the Orinoco, looking for a pad to stay and a state of the art hospital to work in.

Foxy_fromCanada

Haha! I wish you good luck. It's generally a pretty good place to be, especially for a Canadian who has endured 30-some-odd horrible winters!

TheDreamer

It is possible that he had not read the content of the "will" properly and it was stipulated in the will .... "he cannot have the possession of the money until he's reached the age of 65" ......

*****

sunilgoa

I think goa will be a better option for you...........it is very very cheap 1$ = 50 INR