1 00:00:00,000 --> 00:00:05,300 Welcome to day two of the Living Abroad Profile Challenge. You are hot off of day 2 00:00:05,300 --> 00:00:10,620 one defining your way and now we're going to look at finding your ideal path. 3 00:00:10,620 --> 00:00:15,780 Today we'll focus on identifying the route that best describes your situation 4 00:00:15,780 --> 00:00:20,340 and understanding the core purpose and intention behind your decision because 5 00:00:20,340 --> 00:00:26,040 you've identified that from day one. Now by understanding why you want to move 6 00:00:26,040 --> 00:00:31,020 and gathering some data you can make informed decisions about where you 7 00:00:31,020 --> 00:00:37,460 should go. Now day two again is a high level view of visas. I want you to have a 8 00:00:37,460 --> 00:00:45,120 general understanding of the core visa options that are at your disposal. Here 9 00:00:45,120 --> 00:00:49,500 is a disclaimer. Every country controls its immigration process and so it's 10 00:00:49,500 --> 00:00:55,500 important to always look up the most recent information about the visa in the 11 00:00:55,500 --> 00:01:02,320 country you're applying to. Okay let's get started. I'm going to focus on the 12 00:01:02,320 --> 00:01:10,100 non lucrative visa, the digital nomad visa, the education visa, the entrepreneur 13 00:01:10,100 --> 00:01:15,380 visa, and the retirement visa. Those are the five that we're going to focus on in 14 00:01:15,380 --> 00:01:22,500 day two. Starting with the non lucrative visa. The non lucrative visa is one that 15 00:01:22,500 --> 00:01:27,700 you can apply for in just about any country if you can show sufficient means 16 00:01:27,700 --> 00:01:32,860 to support yourself without seeking employment in that country. Now there is 17 00:01:32,860 --> 00:01:38,220 a great area in some countries between the non lucrative visa and the retirement 18 00:01:38,220 --> 00:01:44,580 visa because when I say you're showing sufficient means to support yourself if 19 00:01:44,580 --> 00:01:51,540 you are a retiree that means of support would be your pension, your social 20 00:01:51,540 --> 00:01:56,460 security check, right? That would be how you show your sufficient means to 21 00:01:56,460 --> 00:02:01,740 support yourself. However this is the category that I actually fall in the 22 00:02:01,740 --> 00:02:06,180 non lucrative visa because I didn't want to wait until I was retired. So that 23 00:02:06,180 --> 00:02:11,220 means I have to show my income in a different manner but it has to show 24 00:02:11,220 --> 00:02:17,140 sufficient means of support and that's where a lot of people inside RYL Abroad 25 00:02:17,140 --> 00:02:22,060 are at. They don't want to wait until they're 67 and so they want to have 26 00:02:22,060 --> 00:02:26,620 their their own income coming in. That could be in several ways that could be 27 00:02:26,620 --> 00:02:30,460 investment property income, that could be in a form of dividends from 28 00:02:30,460 --> 00:02:37,180 investments, that could be through your own business. Okay? As long as you're 29 00:02:37,180 --> 00:02:43,420 saying I can support myself and I don't have to seek a job and neither of those 30 00:02:43,420 --> 00:02:51,660 visas will allow you a permit to work inside of the country. Okay? Now the 31 00:02:51,660 --> 00:02:55,940 digital Nomad visa is probably the most popular visa and the one that you hear 32 00:02:55,940 --> 00:03:00,820 about the most these days. There are so many countries that either revamped or 33 00:03:00,820 --> 00:03:04,580 are introduced for the first time the digital Nomad visa because so many 34 00:03:04,580 --> 00:03:10,180 people work from anywhere. Now the key to the digital Nomad visa is also that 35 00:03:10,180 --> 00:03:14,260 you're not seeking employment within that country but instead you are coming 36 00:03:14,260 --> 00:03:19,220 being able to demonstrate that you are employed, gainfully employed either as a 37 00:03:19,220 --> 00:03:25,460 W-2 or I-9 worker and in most cases you would also have to demonstrate that 38 00:03:25,460 --> 00:03:29,580 that company is fully aware that you are working inside of the country that 39 00:03:29,580 --> 00:03:34,180 you're applying for and there has been people that have tried to circumvent 40 00:03:34,180 --> 00:03:39,340 that requirement. I really employ you not to take shortcuts. It's nothing more 41 00:03:39,340 --> 00:03:43,780 utterly embarrassing than being escorted outside of a country so we believe in 42 00:03:43,780 --> 00:03:47,740 doing things the right way. Alrighty? There are a lot of people that seek 43 00:03:47,740 --> 00:03:52,340 remote employment seek to have that kind of flexibility through work contracts 44 00:03:52,340 --> 00:03:57,860 and they apply for digital Nomad visas so that is a very very popular strategic 45 00:03:57,860 --> 00:04:04,300 way to move outside of the United States. It's great for freelancers, it's great 46 00:04:04,300 --> 00:04:09,060 even people who have online businesses because I could fall into categories to 47 00:04:09,060 --> 00:04:15,020 apply for a digital Nomad visa or a non lucrative visa myself. So there's 48 00:04:15,020 --> 00:04:19,500 flexibility in there. You have to remember I said at the top of this that 49 00:04:19,500 --> 00:04:24,140 knowing and understanding these visas that a lot of the final decision that 50 00:04:24,140 --> 00:04:27,860 you make on which one to apply to is going to have a lot to do with strategy. 51 00:04:27,860 --> 00:04:34,060 Okay? Because for example a digital Nomad visa in most cases will have a higher 52 00:04:34,060 --> 00:04:38,780 income threshold to show than a non lucrative visa but on the other hand 53 00:04:38,780 --> 00:04:43,700 the non lucrative visa has a higher threshold of savings to show so you have 54 00:04:43,700 --> 00:04:48,580 to understand the differences and the nuances of the visa so that you know 55 00:04:48,580 --> 00:04:54,940 which one to apply to. Now let's move on to the education visa. I don't want 56 00:04:54,940 --> 00:04:58,540 anyone to ever sleep on this one because I know a lot of times when you think of 57 00:04:58,540 --> 00:05:01,580 an education visa you think of someone that's probably straight out of high 58 00:05:01,580 --> 00:05:07,460 school but on the contrary there are remember college doors are never closed 59 00:05:07,460 --> 00:05:13,220 to anyone ever no matter what your age is and so a lot of people use this visa 60 00:05:13,220 --> 00:05:17,780 as a way to plan that move outside of the US because it gives you instantly a 61 00:05:17,780 --> 00:05:21,620 visa for at least two to four years sometimes two to five years depending 62 00:05:21,620 --> 00:05:25,580 on what program you go into and whether or not you're going to school full-time 63 00:05:25,580 --> 00:05:30,700 or part-time. Now in most countries the education visa does have a work component 64 00:05:30,700 --> 00:05:36,900 so you are able to work part-time inside of that country and if you don't know if 65 00:05:36,900 --> 00:05:42,740 you're seeking a doctoral level degree in most countries a doctoral level degree 66 00:05:42,740 --> 00:05:49,260 is absolutely free and it gives you the ability to apply for numerous stipends 67 00:05:49,260 --> 00:05:54,500 living stipends and housing stipends all sorts of of monies to help you along 68 00:05:54,500 --> 00:05:58,700 the way as you're completing your doctoral studies so no matter 69 00:05:58,700 --> 00:06:05,300 where you are in life don't rule out the education visa some would say 70 00:06:05,300 --> 00:06:10,660 that it is the easiest visa to get when you really want to move I don't know it 71 00:06:10,660 --> 00:06:16,660 depends on your set of circumstances but by no means should you ever just ignore 72 00:06:16,660 --> 00:06:22,220 it especially if you identified in day one that continuing or pursuing your 73 00:06:22,220 --> 00:06:27,460 academic opportunities be it undergrad graduate or doctoral level if that is 74 00:06:27,460 --> 00:06:32,140 something that you have just acknowledged is really important to you then 75 00:06:32,140 --> 00:06:36,700 this could be your pathway this could be the time remember this is the time that 76 00:06:36,700 --> 00:06:42,060 you're betting on yourself to make your life the way you want it to be now let's 77 00:06:42,060 --> 00:06:46,540 move on to talk about the entrepreneurial visa because this is another 78 00:06:46,540 --> 00:06:52,900 visa that I think is often too overlooked there are several countries that 79 00:06:52,900 --> 00:07:01,380 have just top tier accelerator entrepreneur accelerator programs that are 80 00:07:01,380 --> 00:07:06,740 attached to visas so you can go into that country be in a business accelerator 81 00:07:06,740 --> 00:07:13,380 program learn how to start your business in that country learn how to build a 82 00:07:13,380 --> 00:07:18,020 business while you're living in that country and then oftentimes your visa 83 00:07:18,020 --> 00:07:25,100 can be extended beyond the accelerator component or it's attached to you having 84 00:07:25,100 --> 00:07:31,540 an incubator in that country for continual support if entrepreneurship is your 85 00:07:31,540 --> 00:07:39,620 path of choice your choice of path okay your choice okay then don't overlook this 86 00:07:39,620 --> 00:07:45,540 as a matter of fact I used to put out regularly international entrepreneur 87 00:07:45,540 --> 00:07:49,620 accelerators and I think I'm gonna go back and update it because I haven't 88 00:07:49,620 --> 00:07:55,660 done an update since post COVID so look for that in the community okay lastly 89 00:07:55,660 --> 00:08:00,580 let's talk about the retirement visa this honestly is the easiest visa of them 90 00:08:00,580 --> 00:08:06,180 all because it is a self-explanatory and keep in mind remember I said there's 91 00:08:06,180 --> 00:08:10,740 this gray area in the title of retirement versus non lucrative some 92 00:08:10,740 --> 00:08:15,100 countries may be labeling it non lucrative and it's it works as both 93 00:08:15,100 --> 00:08:20,780 okay it works as both so if you are over 67 over 65 or whatever your 94 00:08:20,780 --> 00:08:25,740 retirement age in the US and you have that that pension social security income 95 00:08:25,740 --> 00:08:30,900 then just apply for a retirement visa it's the fastest visa to get pushed 96 00:08:30,900 --> 00:08:37,060 through it really is and just go live your best life it is the easiest one 97 00:08:37,060 --> 00:08:41,620 however if you're not at retirement age look at the requirements for the 98 00:08:41,620 --> 00:08:46,740 non lucrative and then don't wait don't wait you know my motto my motto is why 99 00:08:46,740 --> 00:08:54,340 wait when you can plan your life to live however you want to live now another 100 00:08:54,340 --> 00:08:59,580 thing that we're going to consider in finding our ideal path is I need you to 101 00:08:59,580 --> 00:09:03,740 consider whether or not this visa application is going to be submitted for 102 00:09:03,740 --> 00:09:08,660 you and you yourself alone or with family members because when you're 103 00:09:08,660 --> 00:09:15,020 attaching on family members be it children or spouse then there is an uptick 104 00:09:15,020 --> 00:09:21,020 in the financial requirements of any country it's not automatically double 105 00:09:21,020 --> 00:09:26,180 so I don't want you to think that but it is an uptick in the requirement because 106 00:09:26,180 --> 00:09:30,500 you know showing that you can sustain yourself as a single person versus a 107 00:09:30,500 --> 00:09:36,220 family of four is a very different thing and also if you're pursuing the 108 00:09:36,220 --> 00:09:41,380 education visa especially there's some some countries that have actually 109 00:09:41,380 --> 00:09:46,700 discontinued you bringing along your entire family while you're doing your 110 00:09:46,700 --> 00:09:51,620 studies not all countries but there are some countries that did discontinue that 111 00:09:51,620 --> 00:09:58,660 that amount of flexibility already so coming off of day one defining your way 112 00:09:58,660 --> 00:10:05,940 and understanding your visa options is critical to to knowing how you're going 113 00:10:05,940 --> 00:10:13,020 to make this happen for yourself so have fun in looking at these visas a little 114 00:10:13,020 --> 00:10:18,420 more closely coming up with some strategies for yourself of which path 115 00:10:18,420 --> 00:10:36,940 you think is going to be right with you okay and have above all have fun