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cryonicsDude

Jan 31, 2003, 1:48 PM

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Life of leisure?

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Hello, everyone, or rather, "Hola." :-)

I am Randy.

I am thinking (as no doubt many of you here are also doing, or have done) of moving to Mexico. I would like to be able to retire in a few years (at 49 or 50) and live off interest on my savings. Problem is that I may only be able to clear maybe $500/month (I have some other bills that will not go away for awhile).

I do speak some spanish (had many classes in it), and grew up along the Tex Mex border. I have visited many border towns, and have visited some the west coast towns in Mexico.

If I polished mi espanol in the next few years, and secured an interest income of 500/mon, would it be, in your opinion, feasible for me to say goodbye to the rat race?

I do not want much--a one bedroom apt, with electricity and water, beans and tortillas and rice, with some meat every now and then, and an internet connection, and broadcast TV. Big cities are optional for me...A car is also not needed.

Doable...or a dream? What say ye?



tomgibbs

Jan 31, 2003, 6:25 PM

Post #2 of 13 (2635 views)

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Re: [cryonicsDude] Life of leisure?

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I'll bet you could. You would have to use some of your Spanish. There was a thread here a month ago where someone asked just about the same question on the same budget, mas or menos.

Growing up along the border should indicate that you know what the terms are in diet and housing. Heck, you could live in Iowa or Texas for that if you settle for no car and a good frugal diet of home cooked food, leave doctors and dentists out of the equation, cut out the telephone , internet, cable and other account tappers; and were willing to put up with having very little respect. Actually, I know a guy in Iowa who read Thoreau in the 1950's when he was recently out of the army. Taking his own quest for the beauty and joy of live to heart, he vowed to only work the amount necessary to sustain himself, and no more. That turned out to be not much. He painted pictures, grew gardens, canoed looking for native tubers to enjoy, drank beer, fell in love, smiled more and was healthier than most. And he had respect. In Mexico you ought to be able to do as well.

With the right kind of personality, you could probably live a life of respect in Mexico. I think the secret would be to be both frugal and friendly.

So listen to this: a few weeks ago I was watching a taped home video of a birthday party that took place in a pueblo in Mexico with a friend from that pueblo. There was a white guy in the video who was obviously quite close to the family. I watched him weave through the whole video from the families home, to the church, to the municipal hall for the meal and dance. I thought he was a Mexican of European descent who for some reason had landed in a pueblo life, he seemed to be accepted as such, he had the body language of the other people in the pueblo, and he was dressed at a level similar to the rest. So during the video my friend says in Spanish, "Oh, there's (anglo name)", as if he was a regular guy in the community. I said, "What! He's not from (pueblo name)." Turns out he had become a good and trusted friend with some immigrants in the USA and frequently lived for long periods of time with their family in Mexico. Everybody knew him. He was accepted in the same way the people accepted their neighbors. I'm sure that if the guy had $500/mo. he was banking 1/2 of it.

Adding to what was said then, I'll bet a frugal and intelligent person could spend his days in the zocalo and be somewhat of a regular at evening concerts if he lived in town. You could check your investments and e-mail weekly or whatever at the internet cafe for 4-5 pesos for 30 minutes. You would need to make return trips to the border every 6 months (which you could view as traveling) to renew you visa. And while you are on the USA side replenish your wardrobe with Goodwill clothes, and whatever else might be cheaper here, like used kitchen stuff and 2nd hand books.

Here's what I would do. I would go right out and buy a copy of the most important book you would need to make such an life a valuable experience: Walden by Henry David Thoreau. Thoreau probably hasn't been not much though about outside of Harvard Yard (where he was a student a long time ago) through the 1980's and 1990's, probably the most un-transcentdental epoch in our history, if we are splitting hairs. He wrote the original manual on getting away from the rat race, and improving you life in the balance. As Thoreau will point out, it is much a matter of cleaning out you mind. Who knows, if Thoreau were alive today, that in desperation, he might throw up his hands and cross the border in quest of Walden Pond. Next you need The Peoples' Guide to Mexico by Carl Franz. Read in tandem you will know what you need, and if it is for you. After that, a practice trip into Mexico should give you the rest of the feedback about yourself you would need to make your decision final.


scott

Feb 1, 2003, 12:09 AM

Post #3 of 13 (2550 views)

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Re: [tomgibbs] Life of leisure?

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My only advice, based on my personal experiences, is not to move into an area that is below your ideal standard of living, that which you can afford. If you are saving a bundle on rent, and start putting that money towards other things, people might get jealous of you. And that could turn into a disliking for you as well. Even if you are trying to be very modest.


cryonicsDude

Feb 1, 2003, 1:40 AM

Post #4 of 13 (2524 views)

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Re: [tomgibbs] Life of leisure?

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Thank you for your detailed response, Tom.

You also wrote:

"I thought he was a Mexican of European descent who for some reason had landed in a pueblo life,"

Interesting observation. On my single trip via train into West Mexico to the Los Mochis, etc., area many years ago, I noticed very few "white" Mexicans. Although I am part Indian myself, I appear totally European.

However, here in Houston, I have run across several of them (although more from Central America than Mexico). Is it your observation then that very few white Mexicans live in the small towns?

I see many of them (white mexicans) on the spanish network TV. In fact, they predominate on spanish tv.....


cryonicsDude

Feb 1, 2003, 1:42 AM

Post #5 of 13 (2517 views)

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Re: [scott] Life of leisure?

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Yes, I totally agree.


pedro naco

Feb 1, 2003, 6:12 AM

Post #6 of 13 (2522 views)

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Re: [cryonicsDude] Life of leisure?

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i met a fellow who calls himself mexico jerry in chapala-he wrote an artical for an on-line magazine about living on $350/month in mexico-in the artical his apartment was $100-now he's got one for $80 just outside of chapala in a small village-he's happy as a pig in s..t.

so yes-you can live (and enjoy yourself) on $500/mth.

oh btw he also has a car-bad breaks and springs-but it gets him from a to z


scott

Feb 1, 2003, 10:01 AM

Post #7 of 13 (2463 views)

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Re: [pedro] Life of leisure?

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I'd pick up a 50cc Vento scooter instead of a car. They go for $10,000MXN around here. They are much more practical and cheaper, if you don't need to haul kids around. No, I don't have one myself, but if I were older I would.

I think trail/dirt/dual-sport bikes are the best and funnest means of transportation in Mexico.


Esteban

Feb 2, 2003, 8:59 PM

Post #8 of 13 (2361 views)

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Re: [cryonicsDude] Life of leisure?

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An internet connection and cable TV is going to take up at least 10 percent of your money. In areas where rent will fit your budget I doubt whether you'll find either. So in my opinion, forget those two and cruise on into town to use the cheap internet cafes at 10 pesos an hour. Kiss off the TV. You won't be hanging with most gringos because very few live on that amount and you won't be able to enjoy the places they frequent. Now with that in mind, sure, you can live on $500 US or less especially if you don't drink much and live in a smaller village. However, unless you are living a very frugal life now, I think you'll find it difficult to give up old habits. It's possible but most would find it difficult and boring compared to their previous standard of living.


Rolly


Feb 2, 2003, 10:10 PM

Post #9 of 13 (2368 views)

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Re: [cryonicsDude] Life of leisure?

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Since your income won't get you an FM3, you'll have to live here with an FMT. That means you'll have to go to a land border every 180 days to get a new FMT. Don't forget those trips in your budget.

Rolly Pirate

E-visit me http://Rollybrook.com
On Facebook as Rolly Brook


lonegull

Feb 3, 2003, 6:38 AM

Post #10 of 13 (2329 views)

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Re: [pedro] Life of leisure?

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I understand the cost of electricity is much more than most bargain for, and rates have increased in recent months. If you did need air conditioningg, such as in the summer months in Mazatlan, whats could one expect in electricity costs for a 1 bedroom home or apt.? Just a guess to the high side if you feel comfortable with that.

Thank you,

Jerry


pedro naco

Feb 3, 2003, 7:02 AM

Post #11 of 13 (2307 views)

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Re: [lonegull] Life of leisure?

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you're asking the wrong guy-i won't need air conditioning at lakeside and from what i have seen the power costs are less than in alberta, canada in mexico


pata de perro

Feb 4, 2003, 10:26 AM

Post #12 of 13 (2260 views)

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Re: [cryonicsDude] Life of leisure?

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When I lived in Oaxaca, Mexico back in 1990, I lived 9 months off of $200 a month. My room and board was $80 a month. I wasn't insured, though, and I didn't have my own place. Wasn't married with children back then, either.

The first 9 months traveling around Mexico and attending Spanish language schools was more expensive.

What I found was that the longer I lived there, the less money I spent, because I got to know more people and start living like my Mexican neighbors.

Crossing the border every six months to renew the tourist visa was expensive on my limited budget. I ended up crossing the border at Guatemala and then coming back.


Bill in NC

Feb 7, 2003, 6:51 AM

Post #13 of 13 (2170 views)

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Re: Life of leisure?

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Inflation, inflation, inflation.

We are very happy with the private nursing home where mom lives in Guad.

However, over the last 2 years costs have increased almost 15% annually, which means costs _double_ in less than 5 years (ok, currently they are half of what we paid in the U.S., but the rate of increase wasn't 5% annually)

You need to think on your feet if you adopt this kind of lifestyle - what if your landlord's nephew Rodrigo returns from "El Norte" and so your current $200/month apartment suddenly is needed for him?


In Reply To
When I lived in Oaxaca, Mexico back in 1990, I lived 9 months off of $200 a month. My room and board was $80 a month.

 
 
 
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