Community > Posts By > MemphisChick

 
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Sun 12/04/11 05:43 PM
Edited by MemphisChick on Sun 12/04/11 05:58 PM
You may want to talk to other people who expatriated. Most expats keep their US citizenship. Wherever you go, you will be on somebody's land, expected to follow the law of the land. If you don't like US laws, you may want to read the laws of whatever country you are considering before you decide to give up your US citizenship.

In order to enter a foreign country, you need a passport, so don't give it up just yet. Then, to establish a permanent residence in another country, they have to accept you first. Many countries are recruiting foreigners who can prove a guaranteed source of income, sometimes as low as $2,000 a month. Each country has their own rules. There have been MANY instances where whatever the agreement was between you and your new country, a new government takes over and the old agreement no longer applies. In which case, you may get kicked out of that country and you will need to have a plan B. With a US passport, you can go just about anywhere in the world, so you may want to hold onto it.

As long as you remain a US citizen, you will owe federal income tax and be required to file with the IRS every year, no matter where you live. I believe if you live outside the US, you have an exemption on income up to a certain amount. I don't know if it matters about the source of income. It may be an exemption only on income from sources outside the US. Depending on the source of your pension, it may no longer be available to you if you give up your US citizenship. You may want to check into that.

Also, where do you plan to have your pension direct deposited? If you plan on using foreign banks, you may want to check into that as well. There is no FDIC insurance, and other things you're used to with American banks, like currency fluctuation. When we wake up in the morning, we check the weather. In other countries, people wake up in the morning, and before they check the weather, they check the value of the US dollar and how it changed overnight compared to their local currency. Before you give up your US citizenship and access to US banking systems, you may want to consider all that.

I'm not saying it's impossible, I'm just saying these decisions need to be made wisely.

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Fri 12/02/11 02:19 PM
Edited by MemphisChick on Fri 12/02/11 02:28 PM
Also, please start a blog so we can follow your progress. If you get this going, you won't have any problems attracting other people with boys, with money, or anything else. You also need a website with a donation button. (I can help with that.)

meowzakat, you're a woman???? WOW, you are totally cool! You go girl!!!!

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Fri 12/02/11 02:10 PM
There are people living off the grid in communities on private land. If you're talking about building anything, I doubt you can do that in a national park. Private land in the middle of nowhere is very affordable and can be picked up at an online auction or at a tax sale. Some communities have strict ordinances about what you can build on undeveloped land, especially in the wilderness. Oprah got in trouble with her neighbors when she bought land in the middle of nowhere and then wanted to put in a road and a helicopter pad.

If you're worried about government intervention, there's a guy in the middle of international waters who anchored an oil rig, declared himself a nation and even started minting coins. I'm sure you can Google him.

Also, look up – Principality of Sealand. Have fun! :)

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Fri 12/02/11 09:12 AM
That's a great idea! And a lot of people are doing something similar, but you probably won't find them on this forum. I recommend you decide what's important to you about this adventure, determine your area of expertise, and find a forum on that subject.

Is the wilderness most important? Is it moving with no transportation? If you're considering a horse or something similar, do you have experience handling animals?

One very realistic option is to organize a trip for a week or two. Look up adventure travel. There's a lot in the US and even more in other places in the world. There are self-sustainable communities where people have their own private residence and shared responsibility for cooking and other long term needs as they age. Also, if you go to a bookstore, you'll find an entire section on adventure travel.

People get very creative with this idea. Some people book a permanent cruise with the option to change ships once in a while. All their food and basic living expenses are taken care of and even minor medical needs. It's a lot cheaper than maintaining a house and they have LOTS of friends and travel companions.

Here's a good place to start
http://www.lonelyplanet.com/

Good luck, and don't let anyone talk you out of your ideas. There are many things you can try even for a weekend to see if you really like it.