Retire in Ecuador and Make a Little Money
He is a computer nut and was way more excited about this than I was…
I did smile a lot when he told me…
Being first on page one is like hitting a home run…
He then told me that when he searched “Retire in Ecuador” we were only on page 3.
His suggestion to me was to write another article titled “Retire in Ecuador”.
This would certainly move us to the first page. I told him I would think about it…
My dilemma is I have already written a couple of articles about retirement.
It would be so self serving to repeat myself just to manipulate the Google Robot into making this blog number one for those keywords.
So devious… so bordering on dishonest and immoral…
“I am not a bankster….”
“I am not a politician from the midwest. I am not Karl Rove.”
“I will not do it”.
That was a terrible segue into what I really want to talk about…
I have some secrets and ideas about money to share with you… and a punch line at the end of this article.
Retire in Ecuador…. Secret Number One
Lets cut to the chase… I want to talk about making money in retirement…
“Can I make money when I move to Ecuador?” The answer is yes.
Money…. Money…. Money…
Everybody wants it, everybody needs it… Especially if you are living on a fixed income. (Don’t worry, I’m not going to try and sell you anything)
And in a perfect world, you would want to make money while helping the local economy flourish, doing good for yourself and for your new neighbors… If you have to work, that work should create jobs for locals, not take jobs away from locals… Let me give you an example.
Last month we went to many shops in Cuenca looking for quality shirts that had an Ecuador or Cuenca logo embroidered on them. We also looked for T-Shirts that we could take home to friends that were silk screened with local logos. We looked all day and came up almost empty…
All we found were a few sporting goods stores with soccer jerseys… And although we liked them, none were large enough to fit us big boys.
Clothing and accessories with travel logos are missing in Ecuador. Lots of tourists and no logo clothing to bring back home.
So, how do you solve this problem, not have to work much, and help the local economy?
There is no shortage of embroidery shops in Ecuador. Maybe you put a couple of those shops to work on a line of logo clothing, button down casual shirts and maybe even a line of T-Shirts. You are now in business. On the coast you could have logo swim trunks and tank tops… (Logo clothing lines are endless… Municipalities, Hotels, Restaurants and Resorts, Schools, etc.)
This simple process could be used to create just about any product not currently available in Ecuador. I will give another example in a minute…
Now, find yourself a few shops that will carry your line of logo clothing. No storefront overhead because your product is sold in local mom and pop stores. Embroidering is done locally, even the shirts and shorts can be bought locally. Everyone makes out in this scenario. Even big and tall clothing could be ordered up from local manufactures… This is a win for everyone… You could even have an online store where customers could buy this product…
Lets talk about a different product… like bed sheets. Why isn’t someone approaching a local linen manufacture and creating higher thread count bedding locally? This would keep the cost of the product low and would create jobs for locals…
The middle class is growing in Ecuador and this group will want and need nicer things… and you are just the person to get them to market… Using local help of course.
Now don’t laugh… but how about larger underwear? Same thing. You place the order for the large and tall garments and then create a space in local stores for them to be sold. The manufacture should be happy to retool if they know you are going to buy 2000 boxer shorts with a 40-42 waist.
Try to think outside the box if you have to or want to work once you get to Ecuador. The opportunities are endless in a developing country… and do something that helps employ locals. Have I said that enough times yet?
By the way, opening another restaurant is not thinking outside the box… (although a good Thai restaurant would be ok)
To retire in Ecuador and eat good Thai food once a week might just be to much to ask….
Stop old behaviors… It hurts me to say this but stop trusting so much.
Don’t invest your last $25,000 in that gold mining exploration that promises the possibility of huge returns… (There are people who work all day long trying to separate you from your money…. just be careful)
Don’t gamble your hard earned retirement savings on a land developer that promises you a neighborhood with nicely paved roads, a luxury clubhouse, and a golf course, but has nothing to show you but a drawing and a scale sized model…
You should consider renting for at least the first year or two until you are absolutely sure that Ecuador is the right country for you… or that Cuenca, Quito, or Salinas is the right city for you.
Many of us, including me, have been programed to buy property. Home ownership has been pounded into me since I was a teenager… and although I still have that programming telling me to buy a house, buy an apartment, buy everything I can…. I will be renting, traveling, and exploring during my first couple years in Ecuador.
Retire in Ecuador…. Secret Number Three
Everyone loves or has a passion for something. Motorcycles, Quilting, Ham Radios, Cooking… my brother loves Salt Water Aquariums and my other brother is a Stamp Collector.
I want to be a writer… I didn’t know that until I started this blog. So, my passion to learn and write about Ecuador kind of mutated into a passion for writing in general. And maybe something like this could work for you too. Maybe you could be the next expert on that thing you love to do…
She sells them here in town and locally at craft fairs…
She has a blog about her birdhouses…
A book publisher found her work on line, contacted her, and offered her a book deal. She is now a published author.
She turned her blog, her pictures, and her notes, into a book about birdhouses and how to build them. Her little hobby is now a budding book business and available worldwide. Not bad for a local girl.
Retire in Ecuador and write a blog? And make money doing it? Yes you can and many are doing just that.
Not sure if readership here would be interested in learning how to start a blog and how to get that blog to come up on page one when Googled…
Or maybe you already have a blog that just seems to be sitting stagnant and you would like more traffic. If enough of you are interested, I would love to share what I know about the subject.
Retire in Ecuador…. Epilogue
Lets recap this somewhat scattered article….
- My friend is unhappy with my Google ranking when the keywords “Retire in Ecuador” are typed into the search engine. I have chosen to ignore this.
- Secret Number One is about making money once you get to Ecuador, to think outside the box and to keep things very simple. Be the middle man. I also stress to be a job creator for locals, not a job taker.
- Secret Number Two is about keeping the money you have. Stop, go slow, reprogram yourself… Do not let go of your retirement savings. Stop being so trusting. My old saying is, “Protect the Principal at all Cost”. Rent for a while or even forever.
- Secret Number Three is about turning any passion you might have into a paying proposition. The internet is worldwide and so is the potential customer base. Learn how to blog and how to get on page one of a Google search…. Page One is Money in the Bank!
I have not been completely truthful with you. I have written this post in a way that will certainly manipulate the Google Robot to send this site to page one whenever someone searches “Retire in Ecuador”. If there is enough interest I will explain how this is done in the comments….
Another blog post bites the dust. It is way past 2 am.
Making money in Ecuador has tax consequences. Check with an accountant….
Have a great Easter weekend everyone.
Goodnight Maggie. We miss you.