[Gringuito]

The Côte d'Azur in southern France is really nice. If you go inland just 30 min from the coast there are nice plots of land/villas.

(07-30-2012 08:38 PM)RoadLessTraveled Wrote:  

Someone said something about buying a ranch in south America. That sounds pretty cool. Badass actually. But, if I do a place besides Latin America , it's going to be closer to Europeans... I wonder where some cool pads, ranches, farms would be in Europe? I noticed people talking about Turkey (lots of Ukrainians), Greece (that would be excellent if I pulled the trigger after they got kicked off the euro), Italy, France, Spain, Odessa. Where would you throw down some money if it were a place in Europe?

[Jalouse]

(07-31-2012 04:54 AM)RoadLessTraveled Wrote:  

Yes, and I have never purchased a home or a new car. Remember, I wrote my net after tax cash flow is only 100k. I save a large percentage of what I make. That's how got where I am at

A lot of this doesn't make that much sense, you said you made $850,000 last year, you paid $300,000 in taxes, kept $100,000 and invested the rest.

With those rough figures you've paid all your taxes on that income so that $450,000 would be available to you without any tax liability.

You also said you had a net worth of over 5 mil and if you cashed it in you'd have to pay 25% in taxes, if this 5 mil+ is made up of saved and invested income as shown in the above example then you would only have to pay taxes on the additional profit made so it would only be a percentage of the 5 mil. Plus as others have said long term capital gains is 15% in the US which this would come under.

[RoadLessTraveled]

(07-31-2012 09:43 AM)Jalouse Wrote:  

(07-31-2012 04:54 AM)RoadLessTraveled Wrote:  

Yes, and I have never purchased a home or a new car. Remember, I wrote my net after tax cash flow is only 100k. I save a large percentage of what I make. That's how got where I am at

A lot of this doesn't make that much sense, you said you made $850,000 last year, you paid $300,000 in taxes, kept $100,000 and invested the rest.

With those rough figures you've paid all your taxes on that income so that $450,000 would be available to you without any tax liability.

You also said you had a net worth of over 5 mil and if you cashed it in you'd have to pay 25% in taxes, if this 5 mil+ is made up of saved and invested income as shown in the above example then you would only have to pay taxes on the additional profit made so it would only be a percentage of the 5 mil. Plus as others have said long term capital gains is 15% in the US which this would come under.

As I have alluded to before, 15% is federal and about 10% is state for 2011. But, with the current pro-tax administrations going forward it could increase. I can go over the nuances of the tax entities of my state and country, but doing it here, takes away from the conversation. If you want to have a private conversation, I would be more the happy to talk to a few people about it. But, suffice it to say, I get double taxed on any reinvested income when I sell. Jaylouse, I sent you a private message containing the intricacies. Now let's move forward please.

[Profetapk]

(07-28-2012 08:00 AM)RoadLessTraveled Wrote:  

What would you do if you had almost everything? What would you do?

What would you do in my situation? Would you do something totally different? Do you have any brilliant ideas? Where would you create your community? What country? How would you keep costs down? Who would you bring? What theme would it be? Everyone has been asked, "If money was no object, what would you do?" Any websites or authors you recommend? anything?

Purpose for writing this post: Get some ideas about what to do if you were in my shoes. Maybe you had a cool idea. Fill in any of the blanks.

Here is the data set:

I have a net worth of greater than $5M most of which is very illiquid and would be taxed at 25% to sell it, so I am hesitant to ever sell it. Liquid Net worth is $200k. Annual aftertax cash-flow is $100k per year (because everything gets constantly reinvested). I am pushing 40 years old (I look 30) and feel 60. I am preferential towards blondes with blue eyes and could not see myself anyone else for a long-term relationship. My favorite places are Sweden, Finland, Ukraine, and Southern California for women. I am in constant pain and therefore cannot live in a cold climate...It's got to be an active lifestyle. I am fluent in Spanish and I have a huge undeveloped seaside plot of land along the ocean in tropical Latin America. I have had a good life as an international player...But I am at a stage in my life where I need to change it up. I am not interested so much in the travelling to get laid thing anymore--I want to work on my farm and build something and have the girls come to me. I love living abroad and like a king. Essentially, I want the polyamorous lifestyle in Latin America.

What would you do in my situation? Would you do something totally different? Do you have any brilliant ideas? Where would you create your community? What country? How would you keep costs down? Who would you bring? What theme would it be? Everyone has been asked, "If money was no object, what would you do?"

Here is how I currently answer the question:

I am going to build a small boutique resort in Latin America. There will be a volunteer program for those "people" (read: women) that cannot afford to stay there. I will heavily promote it in the above countries and mostly by referral. I live in a rural area, but there are still a lot of tourists. I am into polyamory, so I will probably hit that community in America. I am going to build lots of pools on my mountain. I have already invested pretty heavily into orchards. I want the resort community to be very green and sustainable in terms of living off the land. The resort will have lots of hidden alcoves and nice pools, but you can also adventure on the land or go surfing. We will always bring in some local latin girls to help and they will like to party and get naked and live in paradise and will always be preferential with bisexual girls. I am going back to school to study construction. I want to build this stuff under my own supervision.

I do want to have a place in Europe. Since I hate the cold and darkness, it doesn't make sense to buy in Northern Europe. But, perhaps Spain or Greece. The northern Europeans like Spain and Greece. Maybe, it's better to rent.

Maybe after a few years of living polyamorously, I will marry the European girl for the EU passport if it all legally checks out. The last thing I want is an expensive divorce. Or I would marry a rich girl and if we got a divorce, we would not be arguing over money.

I guess the biggest problems of all this are the following:

1. Finding a girl who is ok with polyamory is tough. I plan on looking for a bisexual girl...ideally Swedish or some rich girl from America. I have only been in open relationships for the last few years and I have read extensively on this.

2. To bankroll a nice small resort, it might get expensive and be very complicated. So I may want to go slowly. It might cost me about $300k per villa, $200k for the hostel volunteer area, $200k for the pool area and open area and large restaurant style kitchen....Another $50k for 2 small pools. I will need to be cost conscious. I want to build 1 villa every 1-2 years. I want to build out everything very slow. I don't want to spend that much. I am going to have to do some serious cost cutting. That is why I am going to study construction the next couple years and try to general contract everything, hire cheap unskilled latin labor and maybe even have volunteers help me. If you are in the volunteer program then you sleep in hostel accomodation, get free food, transportation and learn cool shit. But, you have to work 4-6 hours a day building things or collecting/preparing food on the farm.

3. I have to market it to a very small niche. I know a few poly communities in the USA, but other than that, I am totally at a loss. The resort is going to be themed. I like the idea of sexy uniforms, costume parties or a "Burningman" styled community that builds and works on art in some workshops I want to build. The Euro-girls are so far away, but I would have to market directly to them.

4. Living expenses are high in Latin America now. People coming to live in Latin America have it much worse financially than in South East Asia like indonesia (Bali for example), Cambodia and Thailand. It might be more economical to create "The Beach" in Thailand or Cambodia. Transportation, Construction and Labor costs are high in Latin America. Maybe I should pack it up and move to SE Asia. The problem that I have found in SE Asia are political and legal risks. For example, in Thailand, you need to have business partners that are Thai if you buy land. There is a lot of corruption and you can be cheated. The same is true with some places in Latin America particularly with squatting. One solution is to lease. I already have $300k invested in land and infrastructure in Latin America. Perhaps I could have two places--one in SE Asia and one Latin America.

5. I want an independant girl. I don't want someone who is relying on me for everything.... she has to have her own thing going one. Maybe she has a degree in tourism management or perhaps she has a phd in some random field of alternative medicine or she is a yoga instructor. I don't want someone who is clinging onto me, or thinks she is going to get a piece of the asset later for superficial support.

6. Lacking purpose. This is a current problem for me right now. I want to live my best possible life. When I on my farm building stuff in the sun, I feel amazing...I have no pain or existential angst. I have to be living my life to the fullest to feel good.

Hi Man,

Come to live in Thailand and you will have the time of your life. Buy a nice villa in Pattaya and have 2-3 ladies everyday taking care of you...... In Thailand if you have money, they will treat you as them king.

Take care

[RoadLessTraveled]

(07-31-2012 10:12 PM)Profetapk Wrote:  

Hi Man,

Come to live in Thailand and you will have the time of your life. Buy a nice villa in Pattaya and have 2-3 ladies everyday taking care of you...... In Thailand if you have money, they will treat you as them king.

Take care

No doubt. I lived there for a few months. The girls are really nice. I hooked up about 15 of them without really going out much. Out if the 40+ countries i have been to, that was the easisest place... By far. When a massage is $6 and an all you can eat buffet is $1.50. And its not some half ass food and massage. It was the massage i have ever had every day and cuisine was unreal. how can you go wrong? It definitely makes my top 10 list.

There are a ton of Scandinavian groups traveling. you can get a villa in a condo community or just rent.

All in all, Thailand is a great place to be good or bad. Amazing beaches with all sorts of blue colored water. There is a huge community of expats and hey have blazed a trail already. http://www.thaivisa.com/forum/

It's a good candidate to start a detox boutique place