In this episode, we invited Tim's father Tony Bickmore to talk about his adventure of moving to Nicaragua for retirement. After he retired from the fire department as a fireman, Tony had a successful tiling business up until 2008 hit. After some extended research and a trip down south, Tony fell in love with Nicaragua: it had the same vibe as Cosco Rica, but at half the living expense. He filed for bankruptcy and sold one of his condos in Utah, sold most of his personal belongings, got a rental in Nicaragua, and moved after the bankruptcy was finalized. Tony talked about one of the most important elements in retirement: the healthcare system, the cost comparison, and his first-hand experience there. Dan asked about what difficulties he faced when he first moved down there - Tony said his issues were primarily with the language barrier, government instability, and the lack of job opportunities. It's critical for you to have a steady income like a pension or a remote online business before you make the jump. Tim discussed with Tony about his experience with downsizing: from multi-properties to two suitcases. Tony said that it's important to overcome the feeling of "giving part of your life away", and recognize that it's just "stuff." What do you think of the idea of retiring abroad?
