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Category: Banking

08 Dec
How To Establish Yourself In A New Country

Turn-Key Casitas At Los Islotes

As I said, we’ve been working on the designs for these houses behind the scenes for months. In conceiving this new neighborhood, we’ve had two driving ideas. First, again, we want to be able to offer a no-hassle, ready-to-move-into option for people interested in becoming part of the Los Islotes community but not up for […]

04 Sep
The Risks Of Using Credit And Debit Cards Overseas

The Risks Of Using Credit And Debit Cards Overseas

First, pay cash at Dairy Queen for that banana split. Handing over your credit card and, even more risky, your debit card to pay for small daily purchases opens you up to potential fraud. Use the card a dozen times in the course of a week at various businesses, and you’ve introduced a dozen potential […]

04 Aug
planting flags

Five Ways You Need To Diversify Internationally To Fully Protect Yourself

I’m reviewing and clarifying my ideas related to the Five Flags theory of diversification in preparation for my opening remarks at the Wealth Summit I’m hosting in Belize in October. If you’re new to the idea, the “Five Flags” are to do with residency, citizenship, banking, assets, and business. Not everyone needs all five flags […]

30 Jun
BANKING OVERSEAS

How To Travel Safely With Your Credit Cards

Kathleen and I leave in the morning for a month on the road. I called my credit card companies this morning to let them know. I don’t hold out much hope that that effort will have any real effect. My cards will still get cut off; it’s just a question of how often. The credit […]

16 May
Frustrations Of Banking Offshore

Frustrations Of Banking Offshore

You should have an account with an offshore bank. That’s a fundamental step in any plan for diversifying offshore. How do you choose where to open your first (or subsequent) offshore bank account? Don’t try to base the decision on customer service, because, the sad truth is, finding a financial institution with consistently good customer […]

28 Apr
How To Send An International Wire Transfer

How To Send An International Wire Transfer

I’m getting a lot of feedback from people trying to send international wire transfers. A reader wrote this week to say: “I went to my bank branch to initiate a wire transfer on Monday. The teller had to call over the branch manager to help with the paperwork. Once the manager saw I was transferring […]

03 Apr
Latin America is full of property markets that offer much upside.

Financing The Purchase Of Property Overseas

I recently participated in a “How To Buy And Profit From Real Estate Overseas” webinar. For the hour-long conversation, Kathleen Peddicord, Real Estate Marketing Director James Archer, and I welcomed three special guests representing key markets of interest right now—Panama, Brazil, and Argentina/Paraguay/Uruguay. The agenda for our discussion was broad. We talked about the main […]

24 Mar
Lief Simon

How To Choose An Offshore Bank

At last week’s Live and Invest in Belize Conference, I was able to catch up with Belize contacts and friends. I learned two specific things from my discussions and meetings that I think are worth passing along. The first is that Belize now requires all IBCs to confirm to their registered agents that they are […]