I was thinking last night how perception and reality are two very different things.
Here is a typical scenario that I was thinking about
Average Australian couple in their late 20's decide to pack up and become expats overseas for 5 years. They go to Singapore or Hong Kong or Dubai with the idea to save some money for house and to also pump up the resume.
This happens in the thousands every year. There are literally hundreds of thousand of aussies who are doing or have done this very thing. And guess what - over the last 10 years if you had you would have, in many cases, gone backwards financially, especially if you had not already invested in property.
Situation 2. NOW! AUD very strong against most currencies - huge appreciation recently. Property market highest in the world. Yet very few are selling up and going overseas for 5 years to take advantage of this amazing change in circumstances. If you were a spread trader in the financial markets you would be having a field day. The smart people should be considering selling here, buiying there, living better than an expat, getting overseas experience and then coming home!
People will talk about not wanting to leave their families under this situation -yet as an expat in a more traditional sense its seen as a smart idea!
Hundreds of thousand do one method and lose money, and virtually no one is doing the other with amazing prospects!
Perception is a funny thing!
Cheers
Aussie
Here is a typical scenario that I was thinking about
Average Australian couple in their late 20's decide to pack up and become expats overseas for 5 years. They go to Singapore or Hong Kong or Dubai with the idea to save some money for house and to also pump up the resume.
This happens in the thousands every year. There are literally hundreds of thousand of aussies who are doing or have done this very thing. And guess what - over the last 10 years if you had you would have, in many cases, gone backwards financially, especially if you had not already invested in property.
Situation 2. NOW! AUD very strong against most currencies - huge appreciation recently. Property market highest in the world. Yet very few are selling up and going overseas for 5 years to take advantage of this amazing change in circumstances. If you were a spread trader in the financial markets you would be having a field day. The smart people should be considering selling here, buiying there, living better than an expat, getting overseas experience and then coming home!
People will talk about not wanting to leave their families under this situation -yet as an expat in a more traditional sense its seen as a smart idea!
Hundreds of thousand do one method and lose money, and virtually no one is doing the other with amazing prospects!
Perception is a funny thing!
Cheers
Aussie