• Living the Dream – 2. Paying the Bills

    Paying the bills

    Like it or lump it, paying the bills is fundamental. If you want to build a new life, it is one of the first things to address.

    In my last post, I promised to give an insight into the decision-making process that led to us choosing to emigrate, at least for a while. The first thing that we looked at was paying the bills.

    Since selling a business in the summer of 2014, I have looked at a number of projects. None of them is lucrative enough on its own to pay the bills. Mags was working part-time at UK retailer Marks and Spencer.

    Projects

    I do some work as an anti money laundering consultant, I write here and at Nero’s Notes and I record a weekly podcast. Most of what I do can be done remotely, or with some travel. My priority is to grow these projects so that individually, or together, they make enough to fund the life that I want.

    On the other hand, Mag’s position was different. She really enjoyed her work, and by its nature, she needed to show up in a specific place. However, her employer provides for a ‘career break’. Essentially, Mags could take up to nine months off to go do something different, and then come back to her job.

    This created a timeframe for us. We could look at a suck it and see approach, moving to Cyprus for up to nine months. Nine months is doable. It’s a decent period of time, without being forever. Emotionally, it was easier to commit to. Additionally, a determined period provides parameters for the finance. I was looking at paying the bills for nine months.

    My first assumption was, no income. If neither Mags or I made any income for nine months, was paying the bills from savings going to be possible? Now, we both hope to be generating revenue, but worst-case, could we survive without any?

    We have some savings, so that was going to work, but to answer the question fully – we needed to do some research. How much did we need?

    It was time to do a budget…

  • Living the Dream – 1. Can we do it?

    Living the Dream

    Three hundred and twenty six days of sunshine per year, a laid-back lifestyle and some decent golf courses. That’s living the dream.

    My wife, Margaret (Mags) and I are going to test that statement. Thirteen weeks from now, we are upping sticks, leaving the UK and moving to the Island of Aphrodite, Cyprus.

    Exciting? You bet.

    The really lucky people might be able to jump on their private jet, check into a five star hotel for a year and start having grapes dropped into their mouth by willing servants. For most of us however, it’s not quite as simple as that. It takes planning.

    Mags and I are designing a life. We are putting together an action plan for living the dream.

    My my. There’s a lot to this emigrating malarkey.

    Some decisions have made themselves. My Mum and Dad retired to Cyprus and built a wonderful home. They enjoyed several happy years there together and after my Dad passed away, my Mum stayed on another fifteen years before returning to England.

    Nevertheless, Cyprus isn’t terribly handy for a weekend bolt-hole. Depending on the wind direction, the flight is between four and a half and five hours from England. Add in the land transfers and the mandatory waiting around of modern air travel, and you are pretty much writing off a full day each way.

    To really live the dream in Cyprus – we need to move there.

    Questions

    Did we want to? Could we? How would we make it work? What are the pros and cons?

    On this blog, I’ll log how we arrived at the decision to move and how we went about turning that decision into a plan.

    I’ll post weekly; covering both the logistical challenges of living the dream and how we intend to craft and finance the lifestyle. Look for the category, ‘Living the Dream’.

    Follow along. 😁