| If you've got a digital business that
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| | cheap (compared to the US), and for lots
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| really only requires a connection to the
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| | more information read our article on
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| net to do business, your concerns boil
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| | buying a vehicle on Margarita. The cost
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| down to having a cost structure that
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| | of everything associated with owning a
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| maximizes your profit while providing you
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| | vehicle is cheap. We just had a water
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| with a high quality of life. Being
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| | pump replaced, and the cost was $74.00:
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| productive is difficult in an environment
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| | parts were $45.00, labor $29.00.
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| where you're miserable. Having a high
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| | Gasoline is about 12 cents per gallon, so
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| quality of life isn't a guarantee of
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| | get used to filling your tank with pocket
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| success, but it sure makes it easier to
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| | change.Food: Food costs are highly
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| be productive.The problem is that most of
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| | variable compared to the US, based on
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| the really enjoyable places aren't
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| | what you want to eat and whether you can
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| exactly what we'd call "low-cost" and in
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| | eat the local products or whether you're
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| order to live in a nice place you're
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| | brand-loyal to an imported brand. We see
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| business will have to really produce, or
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| | our food costs hovering around 1/2 of
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| you'll have to hold down a job while you
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| | what we spent in rural Kentucky, but we
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| try to build your internet business. At
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| | don't buy a lot of processed
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| some point this juggling act gets out of
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| | food.Entertainment: This is a highly
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| hand and your business will demand enough
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| | variable expense. Going out to eat is
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| time that you can no longer hold down a
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| | cheap, with a 4 to 5 star restaurant
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| job to pay the bills. If your internet
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| | costing $30.00 to $40.00 for two,
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| business isn't producing enough to pay
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| | including a few drinks per person.
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| the bills, your only options are to
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| | Buying a bottle of wine will adjust the
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| downsize and cut expenses, burn capital
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| | price according to your tastes in wine
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| in hopes that your business will produce
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| | (wine is also cheap). Dinner and coffee
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| more later on or give up on the business
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| | for 2 at a nice restaurant will cost less
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| altogether.Those can be hard choices.
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| | than $20.00, and you can eat a full meal
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| Our vote is to minimize expenses and save
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| | at a lot of places for about $5.00 to
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| as much money as long as possible. The
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| | $6.00. Movie tickets cost about $2.00
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| lower your burn rate the longer you last,
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| | and going to the beach can cost anything
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| and thus the better your chances of
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| | from nothing (bring your own umbrella,
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| success.For many people, this means
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| | drinks and food) to $20.00 to $30.00,
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| trying to find a low-cost location that
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| | depending on whether you rent an umbrella
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| still provides high-quality
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| | and chair and eat at one of the
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| infrastructure, and that usually means
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| | beachfront restaurants. Going to an
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| living somewhere that isn't that
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| | internet cafe costs about 50 cents per
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| desireable and doesn't offer a very high
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| | hour, and sitting at the mall people
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| quality of life. Sure, there are places
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| | watching doesn't cost anything.Phone:
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| in Kansas where they're practically
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| | Plan on spending about $40.00 to $60.00 a
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| giving away houses, but who wants to live
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| | month for combined home phone and
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| in Kansas? The people who want to live
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| | cellular phone, and if your area can get
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| in Kansas are already there, but the
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| | DSL, you can look up the charges on
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| state has a declining population because
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| | CanTV's webpage to see what you'd have to
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| of all the people who are moving out.
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| | pay.Electric: Depends on your
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| Same goes for North and South Dakota.
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| | accomodations and usage. We have friends
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| Just think "40 degrees below zero" and
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| | who pay about $15.00 a month, and we've
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| you'll get an idea why.Most entrepreneurs
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| | paid about $100.00 a month running the AC
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| agree that they are more productive in a
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| | 24/7 in a large apartment. Some people
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| pleasant environment.Radically Lower Your
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| | bribe a power company guy to "fix" their
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| Costs By Moving OffshoreOne of the best
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| | meter so that it's somewhat slow, and
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| solutions to the dilemma is to move
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| | some people just hook up a wire to the
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| abroad to a low-cost location with
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| | power line (an illegal hookup). It's
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| excellent infrastructure, and in this
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| | common.Water: Water is pumped over from
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| article we'll discuss the relative
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| | the mainland, and it's unbelievably
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| advantages of Margarita Island.Margarita
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| | cheap: maybe $2.00 to $5.00 per month.
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| is an island off the coast of Venezuela,
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| | Garbage pickup is included in the water
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| and it's the largest of the three islands
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| | bill. If you have an apartment you'll
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| that make up the Venezuelan State of
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| | probably see this expense covered in your
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| Nueva Esparta. Margarita is the
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| | condo fees.Getting ResidencyAmericans are
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| lowest-cost island in the Caribbean, but
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| | hung up on the idea of doing things "by
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| it has the added advantage of not being
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| | the book" but Latin America isn't like
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| an independent country. If you've been
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| | that: in most cases there is a solution
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| to other Caribbean islands, you already
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| | to your problem that involves paying an
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| know what we're talking about: Island
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| | official to take a special interest in
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| nations have to be self-supporting, and
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| | getting your problem solved. It's
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| they usually do this through the
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| | possible to live on Margarita as a
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| mechanism of sky-high customs fees, so
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| | tourist, going to the airport every three
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| everything on the island is very
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| | months and paying someone at Immigration
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| expensive.Margarita has excellent
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| | about $40.00 to stamp your passport with
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| infrastructure, with DSL available in the
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| | an exit and entry stamp, extending your
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| major cities of the island. Margarita is
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| | stay another 3 months. You're only
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| also known as a "free port" which doesn't
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| | supposed to be able to do this once, but
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| mean that there are no customs duties,
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| | they don't care. You're spending money
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| but rather that the national sales tax
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| | on their island and you aren't causing
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| (14.6%) doesn't apply there. It has an
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| | problems, so what's the problem? You
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| airport with direct flights to Frankfort
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| | want to stay? You have money? No
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| and Toronto (but not to the US- for that
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| | problem.It's also possible to get a
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| you have to transfer at Caracas), so
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| | permanent residency visa without too much
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| travel isn't that difficult. It isn't
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| | trouble, and there are lawyers on the
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| like other island locations where "you
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| | Island who can help "expedite" this issue
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| can't get there from here- you have to go
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| | for a fee. You're paying them for their
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| someplace else first."Cost Of Living On
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| | help and what they do to get you taken
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| MargaritaWhere Margarita Island really
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| | care of is their business. The permanent
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| shines is the low cost of living. A
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| | residency visa is good for 5 years and
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| single person or a couple can live
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| | you can get a Cedula (national ID card)
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| comfortably on less than $1000 a month
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| | so you won't have to carry your passport
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| (if they own their own home or
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| | around with you. This makes you legal,
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| apartment), and that includes having a
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| | and you won't have to worry about your
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| housekeeper and going out to eat at nice
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| | immigration status.Permanent residency
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| restaurants several times a week. The
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| | status qualifies you for citizenship
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| low cost of living is combined with
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| | after a while (the amount of time depends
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| tropical island living- you only need a
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| | on when the next election is- it seems
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| single wardrobe, and formal dress is
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| | Señor Chavez has been allowing people to
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| practically unheard of down here.Housing:
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| | become citizens if they'll vote for him).
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| Housing costs are reasonable. If you're
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| | This is a great deal because Venezuela
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| looking for an apartment in a nice area,
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| | is issuing Andean Community passports
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| plan on spending somewhere between $40k
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| | that meet all the security requirements
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| and $70k for a nice 2 bedroom 2 bath
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| | for travel in the modern world, and it's
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| (quite often you can find fully furnished
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| | good for visa-free travel to 56
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| apartments for sale). Rental apartments
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| | countries, including almost all of
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| can be had for anywhere from $400.00 to
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| | Europe. In today's world having a second
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| $800.00 a month for really nice places:
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| | passport is an extremely wise idea: you
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| ocean view, secure building, nicely
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| | don't know what the future holds.Doing
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| furnished, nice neighborhood. Housing in
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| | BusinessThe ideal situation is to sell to
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| less desireable neighborhoods will run
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| | the US or Europe (charging US or European
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| anywhere from $200.00 to $300.00 a month,
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| | prices) while living in a really low-cost
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| but your Spanish had better be pretty
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| | place area that provides a high quality
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| good.Medical Insurance and Medical Costs:
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| | of life. Margarita is perfect for a
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| Medical insurance for an individual will
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| | digital entrepreneur who wants to do
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| cost about $150.00 to $200.00 per month,
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| | this. The money you make will go a lot
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| although if you're young and healthy you
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| | further than you'd believe, and what you
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| can do without and just go to the public
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| | don't spend you can either save and
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| clinic if you get sick (they're free).
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| | invest or put back into your
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| Your Spanish needs to be good enough for
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| | business.Regulation of digital businesses
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| basic communication, and if you're
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| | on Margarita is non-existent. There are
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| hospitalized you must have someone who
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| | no licenses, permits or other issues
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| isn't sick who can help care for you (the
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| | involved. You can pretty much do what
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| public hospitals don't provide linens,
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| | you want- and it isn't a matter of
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| blankets or meals). Medical costs for
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| | hiding, there's nothing to hide from.
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| dental work are really cheap (typically
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| | Because your status is essentially that
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| 10% to 15% of what you'd get charged in
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| | of a tourist, you're handled with
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| the US), and just about any medical
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| | kid-gloves: the authorities don't want
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| procedure you can imagine is available on
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| | to annoy the goose that lays the golden
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| Margarita for 15% to 20% of what you'd
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| | eggs, so tourists are pretty much left
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| pay in the US. If you've got a young
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| | alone to play and spend money.Taxation is
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| family, you'll really see your costs
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| | another interesting issue. As a US
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| drop.Having a baby by C-section will cost
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| | citizen, if you reside outside the US
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| about $2500.00 (all inclusive) for a 2
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| | you've got an $86,000.00 tax exemption
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| day stay at a good private
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| | (your wife can also make $86,000.00), so
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| hospital.Having a baby naturally would
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| | you've got tax-free income between
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| cost about $1000.00 (all inclusive) for a
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| | $86,000.00 and $172,000.00. Venezuela
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| 2 to 3 day stay at a good private
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| | doesn't tax you on money you make outside
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| hospital.Getting braces with a good
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| | the country, so in effect you've got the
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| orthodontist will cost about $900.00 to
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| | best of all worlds: an extremely low
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| $1600.00, depending on how much work is
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| | cost of living, high quality of life and
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| required.Minor liposuction is a hundred
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| | no taxes.What it comes down to is having
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| dollars or so, major liposuction will go
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| | a business model that works, and having
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| upwards of $300.00 to $600.00.A major
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| | the time to do business. A business
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| cosmetic overhaul, combining liposuction
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| | model that wouldn't support you in the US
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| with a facelift and a breast-job will be
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| | might very well give you a lifestyle on
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| less than $3000.00.Chelation therapy (IV
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| | Margarita that you couldn't ever have in
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| with Sodium EDTA) is about $20.00 per
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| | the US. If you put the time and effort
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| session.Basic doctor visits cost about
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| | into your business you might eventually
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| $20.00 to see a good private physician.
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| | see it grow into a really nice income
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| Vehicle Insurance: Getting insurance for
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| | producer. While it's growing you'll
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| vehicles offers you two choices: Full
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| | avoid taxes and have a really low cost of
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| coverage or liability only. The full
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| | living. At such a time as your income is
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| coverage costs about 15% of the book
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| | high enough, you can take your business
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| value of your vehicle annually.
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| | anywhere in the world that has a 'net
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| Liability insurance costs about $130.00
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| | connection.We don't know of any place in
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| annually. It doesn't matter what kind of
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| | the US where you can have such a low cost
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| vehicle, they don't care if you have a
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| | of living and high quality of life as
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| drivers license or not, and there is very
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| | Margarita, and with its excellent
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| little paperwork if you're in an accident
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| | infrastructure it's a perfect place for a
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| and they have to pay.Vehicles: Used
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| | digital entrepreneur.
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| vehicles are expensive, new vehicles are
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