You’re in the thick of reporting season, flat out trying to keep up with the news, wondering if your dividend income will be enough to live on, concerned about what might happen to interest rates, if the best is over for your bank shares, worried about your longevity risk. Or you could be discovering how easy it could be to live in foreign luxury.
Are you old enough to remember the early 1970s break-through Qantas publication, The How, Why, When and Where of Here, There and Everywhere? It was written with cheek and style that would give the present Qantas management apoplexy. Some young advertising writer called Peter Carey had a hand in it.
It was a perfectly timed and dangerous book, sending a generation of Australians abroad as the economics of aeroplanes finally overtook passenger ships, helping sink a 185-year tradition of the boat, starting a new tradition of ever-growing Australian international travel.
Stephen Wyatt and Colleen Ryan, journalists, authors and spouses (and friends of mine), remembered the book and set out to write something of a sequel for the How, Why, When etc generation. This, too, is a dangerous book and very nicely timed: Sell Up, Pack Up & Take Off.
The Qantas marketing effort provided reasons for young Australians to leave jobs, partners and parents and explore the world. The Wyatt & Ryan book provides reasons for those same Australians to leave children, grandchildren and the prospect of retirement communities to live more cheaply, more comfortably and more adventurously overseas.
More importantly, being former accountants and economists, they provide the knowledge to seriously start doing it – the visas, the cost comparisons, the property ownership, health and tax issues. The cost comparisons of Sydney and just about anywhere are invidious.
The dangerous bit is that the authors plant and nurture the seed of longing to escape again by making it seem like the entirely reasonable, responsible and cost effective thing to do. Any economic rationalist should indeed be living in a Bali villa, a Hoi An house or a Barcelona apartment.
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