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Future - Coggle Diagram
Future
Desired Traits
Affordability
Culture exposure
Different languages
Ability to travel often
Good central location globally
Good access to jobs
Cheap groceries
Decent expat community
Good tax laws
Current Plan
Continue Renting
Baby in 2024
Turkey/Greece in Apr 2024
Buy House in 2026
Move in 2025
Financial Freedom
Investments
Study Data Analysis
YT videos
BA
NBA FANtasy
Questions
How much would 1 year of expenses cost overseas?
Can we still buy pills overseas?
Buy Property
Baby
Single Income
Very hard to travel
Rising Mortgages, might need dual income again
Might have to sell into a falling market
Might have to deal with mortgage + unemployment
Can contract for higher wages
No Baby
Might have to deal with mortgage + unemployment
Might have to sell into a falling market
can travel but only shorter stints (eg. 1 month) cos of mortgage
Can contract for higher wages
Continue Renting
Baby
Single Income
Lower living costs
Can travel but short stints (eg. < 3 months) cos rent < mortgage
Option to move overseas when ready
Unemployment has lower impact
Contracting again will result in ineligibility for home loan
No baby
Can travel but short stints (eg. < 3 months) cos rent < mortgage
Can take contracting jobs if need-be
Unemployment has lower impact
Lower living costs
Option to move overseas when ready
Contracting again will result in ineligibility for home loan
Move Overseas
Pros
Can still have a baby
Much lower living costs
Better environment for children potentially
better access to more travel options
More life experiences
Take 1 year off to study
Cons
Lose chance to buy house in Australia
Can't move PMs
Might face trouble moving cash overseas
Further away from family
Less or NO income for up to 1 year
Have to pack a lot of pills
Can't move till baby is 1-2 years old
Have to store or sell all our food/house items
Stay in Australia
Pros
Continue to earn money
Easier to have baby, access to gov rebates
Easier for parents to help with baby
Can still do 2 x 1 month trips around the world if we rent
Cons
Missing out on learning new culture
not as challenging
Larger loss of affordability
Options
Overseas
Buy overseas APT
Buy overseas rural
Rent overseas
Australia
Rent in Australia until set up own business
Buy House in Bris and work forever
Live with parents and save money