Can You Retire Here Cheap? Panama City Panama South America Travel! Expat minimalist Backpacking
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- čas přidán 27. 07. 2024
- Aloha! I hope you enjoy the video. New content on travel, early retirement, investing and living a healthy, positive life every week.
I am a digital nomad, a full time traveler and an expat from the states. Latin America all of 2024. Come along!
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Books by Christopher LaVoie:
Annexation! Historical collection of articles surrounding the annexation of Hawaii.
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Starkeys Boys. US Navy Deep sea diving in the Hawaiian Islands.
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Urban Prepper. Prepping for emergencies in an urban environment.
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Microsoft Surface laptop
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Columbia Hiking sandals
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Columbia lightweight long sleeve hiking shirt
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Columbia lightweight cargo shorts
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Waterproof stick sun block
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Travel utinsil set
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Travel food container
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Light ball cap
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Tactical Neck Scarf
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Travel Spork non metal
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Tough Tested Brand Portable Battery
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just retired recently and i find this video very creative if i must say, these psychological concepts are useful for individuals attempting to avoid mistakes.
Because Roth IRS are tax free. You will be able to keep more money you have worked hard for. I want to invest more than 300k but not sure how to go
Holding fixed income assets in tax deferred retirement fund as opposed to taxable account has advantages. If you cant invest get some advice from a professional.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward timo I'm 57 now not laid off
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me
Even if it wasn’t meant to be disrespectful please don’t regard Panama as no 51st state… Panama is its own country ruled by their own people and it should be respected as such. Thank u!
Have a great day !
I also didn’t appreciate this. It evokes times when the US considered Panama to be part of “their backyard,” and comes across as a casual dismissal of the tensions and violence involved in that neo-colonial arrangement throughout the 20th Century, such as that of the Day of the Martyrs in 1964 and the 1989 invasion. Sovereignity and national identity are important to many Panamanians, so please be careful with this kind of stuff.
Panamá is located in Central America, not South America.
@@ZujarisA well, half of it ;-)
Boquete is a very popular place to retire, due to its eternal spring climate.
Interesting
I saw good prices on homes too
I enjoyed the video, I have been to Panama since 2018, I’m from Argentina. It’s a beautiful and quiet place. The economy is stable, it’s a good point to stay here! Enjoy “retire and go”!
I enjoyed Argentina this year as well
I have videos up
A beautiful country
I vacationed there in December and absolutely loved it. Nice break from Chicago.
It is a nice destination
Many Americans are moving here
The one it closes on Sundays is Avda Balboa, you are right, they only close one direction, but goes all the way to the islands connected to the city by a road built with the sand they took from the Panama channel when was built. Amazing ride for biking or running on Sundays, i did that one for years, very recommended
I would go there to walk and listen to music every weekend
It was so nice
I often think about what Panama is like today. I was an U.S. Marine deployed to Panama in 1989 and 1990. Aside from the hostilies. The country and especially the women were very beautiful and very nice. I hope to visit Panama some day again.
I was there that same time frame
The Air Force base bar was awesome haha
@@RetireandGoI spent a lot of time in the bush. But a few times, was able to visit the Howard AFB enlisted club. Awesome indeed.
In 1989 I was 6 years old but I remember everything and for me it was a relief to stop being afraid of wearing a white shirt with my uniform, (I was afraid of being mistaken for a civilian and that the police would beat me) I never felt that the soldiers did wrong (apart from the incident of the slice of watermelon and January 9) but I remember in 1990 with great affection Lieutenant Segura and the soldiers on the banks of the Raicero river in the name of God, colon, they filled in a stretch of road and put culverts so that we would not walk through water knee to go to school and they also donated a huge amount of books to us. I also remember Sergeant Colon, he was Puerto Rican and was very close to my family. I wish with all my heart that they and all the soldiers who were here from 89 to 99 are well.
Hello friend,
I was recently watching a CZcams video you made related to Panama, I just wanted to clarify that Panama is located in Central America, not South America.
Located between Costa Rica and Colombia, between the Caribbean Sea and the Pacific Ocean, just a small comment. Very nice video
Thank you :-)
Have a great day
you too. :)@@RetireandGo
I'm Panamanian living in Kansas. I really appreciate your video.
Thank you so much
I enjoyed my stay
Isn't Panama considered Central America?
I guess
Check it out though
Go this year
Argentina too
Historically it's South American, geographically it's Central American, and culturally it's a bit of both plus Caribbean. Strong American influence. Very diverse ethnically.
I also thought Panama was considered part of Central America, the map doesn’t lie.
@markt9805 Geographically it is, but it was part of Colombia until 1903, so historically it's South American.
@guillermogouldburn763 It's actually part of North America if you look at a map of the 7 continents. Central America is a sub continent but yes it's still in Central America too
Thank you for such an awesome video. I admire the lifestyle that you are living. At 60 yrs old and on the verge of retirement you have inspired me to get out of my comfort zone and make the next phase of my life an adventure!!! Be well.
This comment makes me feel wonderful
That is the mission of this channel
To inspire !
Thank you for bringing up retirement and places to potentially Expat. Those tacos looked amazing ,👍
Yes for sure
I want to show options
Lower cost locations
Enjoyed your presentation and your style. Thank you. Doug
You are most welcome
Have a great week
You are absolutely adorable! Loved the video. I am coming on a tour this summer to see where I want to settle. I retire in a year and can't wait to make my home in Panama. Thanks for the video. Made me more excited than I already am!! 😊
This is wonderful news!
Please keep us updated
:-)
Enjoying your content. Love your attitude and style.
Thank you so much for this :-)
I will be spending the month of January in Panama. No more Midwest winters for me
Oh my that is great
A cool place to chill for a month
Thanks for love 🇵🇦...Great video God Bless You
You are most welcome
I wish you a great day
Thank you for the video.
You are most welcome
I hope you have a good week
Thank you for all the information you provided
You are most welcome
Have you been to Panama ?
@@RetireandGo yes I had. My husband is about to retire and he wants to live in Panama. He worked there for a year and he loved it
Thinking of joining peace corps in Panama, knowing this could potentially be a bus ride away from where I’d stay makes me feel so at ease. Thank you for this!
Oh my ! Very interesting
Ask them if they are ok with you documenting your time there on CZcams, photos, maybe a book
This sounds interesting!
Nice video! I am visiting Panama as we speak. Some things less expensive ( groceries, Uber), but restaurants r not. Clothing is not. Gas is not. Don’t know about rent.Plan to get out of the city in hopes of better prices
It’s a great place to visit
Homes are affordable too
I think more retirees are heading to Panama
Do you agree ?
Nice video, i enjoyed your content, Panama city Panama is beautiful
It’s a nice place to check out
Many American and Canadians retiring there
It's beautiful bcoz of the money from the groups in Colombia investing in Panama City over the years. 😀😀
Great video and very inspiring. You mention rent of $800 per month,....I wonder if that is on the high side for something reasonable. I imagine with a bit more searching, one can find cheaper long term accomodations. I think $800 would eat too far into an average SS check of $1500/month.
Asia was much cheaper I’m heading back to Thailand soon
Depend in las tablas can be 100 to 250.00
That pizza looks 10/10. 🍕
Yes true
It was good !
I always like to try the local pizza
You look good, eating that delicious 😋 pizza! Thanks for sharing this..😉
Enjoy checking out latest local pizza places
It helps them and reminds me of the states
A good pepperoni will cure what ailes ya
Great video!
Thank you so much
Have a good day
Very nice video showing the charms of Panama City. As someone who first visited in 1982, this city has grown in leaps and bounds. I need to point out a couple of things. Panama is not in South America. It is in Central America. The reason that you encountered so many English speaking people is because Panama has very attractive visa offerings. The main one is the Pensionado visa (pensioners visa). Panama wants to attract retirees who will come to live and spend their pensions in the country. You are not allowed to work as a pensioner, therefore you will not be taking from the country but contributing. This visa will also give anyone over 55 years of age, discounts on every service imaginable. Buses, air travel, medical, entry fees, movie theaters ,pharmacies etc.etc.. Additionally they have visas for those who start a business and employ Panamanians, real estate investors etc. Panama is also the airline hub of the Americas. You can fly to multiple US, Canada, Central American, South American and European destinations. There is even a flight to Istanbul where you can connect to Asia. The city and its closest surroundings are more expensive. The central and western part of the country, towards Costa Rica, is much more affordable. Panama is also a business hub, with 190 foreign companies operating regional offices there. Let’s not forget the Panama Canal also. Regarding the old city area, it has become a very nice refurbished area. When I first visited in 1982, it was a dump, totally in disrepair. It has now become a very beautiful location. Regarding food, despite all the great offerings, you are really on a carbohydrate overload! Despite all your walking, if you keep eating and drinking this way, your health will suffer. Take it from me a 71 year old man, who has the same waist size as when I was 25 years old and who has to watch very carefully what and how I eat. I will admit though that that pizza looked very appetizing. One last question, how can you wear jeans and a jean shirt in such hot humid weather? I know that you are a minimalist traveler. The other day you were on the beach in Brazil, walking around in jeans. It has to be uncomfortable.
You have seen so many changes
Did you take lots of pictures?
Consider a book ok?
That’s 40 years or history
Love your positivity, brother 👍🌅
Thank you so much
I appreciate that !
That architecture is so beautiful. Just amazing. ❤❤
Panama is a nice place to visit
Short flight too
Cheap flights
Well, that's only Panama City, the other towns look unkempt/not nice, sadly.
and the cost to live in downtown Panama City is almost as high as in USA, unless you can share costs.
Te estas dando la vida que tu te mereces
Thank you so much
I hope your week is going well
Waiting on my passport, soon I can join you in the fun! 😉
Oh that’s great!
It will open the world to you
Asia or Latin America this year?
If you have an opportunity to ride a stand up electric scooter, I always found that the best way to sightsee.
Interesting those do look fun
Thank you 🙏🏼
You are welcome
I hope you have a good week :-)
You keep saying South America, Panama is in Central America.
I’ll work on that thank you
Was there two weeks ago loved it !
Oh! Very good , where to next?
That was the better time of the year. Right now it's unbearably muggy or rainy. I don't like the climate here. I was here in April as well and it was raining all the time. It's very hot.
I much prefer areas of the country at higher altitudes where no air-con is needed (nor heating).
Another spot that has been on my Radar, the Pizza and tacos looked amazing. Malaho
I think it’s a good place to check k out
Very much like Texas
You will be comfortable
Low cost
Excellent video
Thank you !
I appreciate this :-)
Clear pictures and sound ! Tell us about bachelor or 1-bedroom apt rental !
Thank you for the feedback!
It helps !
Video audio check appreciated
great video
Thank you , very kind of you
:-)
I like this guy's videos, he reminds me of a evil bad guy on a Steven sagal movie!!!
Haha love that :-)
Panama is central America no south America.
I always joke … half of it is ;-)
Hi ,as a pre retired i would like to have your opinion between south Asia and South America according to the cost of life, security, weather, thanks a lot and Aloha
I would go to Argentina this year for sure
Go now
The cost is so low
Then go check out Thailand
Start from those two
Asia is for me but I loved Costa Rica and Argentina
@Retireandgo
Kindly give us some basic info on Argentina: COL (cost of living - incldg rent). Compared to Thailand & Vietnam's COL? 1-yr visa? Ease of getting citizenship? Welcoming g to expats? etc.
Gracias!
I would look at David, decent size town. All the amenities and much more affordable
Interesting
Can you tell me more about it ?
@@RetireandGo Cost of Living: David boasts a lower cost of living compared to bustling Panama City. This affordability allows retirees to stretch their budgets while enjoying a comfortable lifestyle.
Infrastructure: As Panama’s third-largest city, David has a developed infrastructure. It serves as a hub for commerce, business, transportation, education, and healthcare in western Panama
@@steveharris7116 The David town simply looks as a small town, nothing impressive, just okay maybe, and it's far away from the capital.
@@lorenk.775 David is Panama’s second-largest city and has a population of about 140,000. It has decent shopping and since it is not in Panama City, the prices are a lot more affordable. If you go to Boquete which is a big expat destination, this is the closest city of any size.
@@steveharris7116 I know, but it still looks as a small town, suburban. La Chorrera would be the ideal option but it has safety issues i hear.
a couple of Nitpicks, Panama is actually in central america, Panamanians may find offensive calling their country the 51st state, specially with all the history they share.
I've been to panama a few times and I love it, the only reason I wouldn't live there is the traffic and the heat, my god the heat is next level.
It’s hot for sure
I liked the old town area
I could walk that every day
It’s hot for sure
I liked the old town area
I could walk that every day
Panamanian here. Yes it most definetly is offensive.
I would recommend changing it.
So what I learned about Panama primarily is that its located in Central America not South America
I joke … half of it is , haha :-)
After your tour of south america. Pls compare with South east asia
Yes I will for sure
Have a great day
He's not in South America but he himself is too America to realize that 😂
I just saw your interview on Mark Thorton’s channel. It was great to know more about you. I appreciate your efforts with your channel.
What do you think about SCHD, the dividend ETF? Thank you
SCHD is a good steady payer
Not a growth stock
But steady , I own some
Toss in some PICK and BAM to up the returns maybe
It’s a safe and steady stock though
Everywhere is so clean.
True
Panama is a great destination to check out
Many are moving there
Its filthy dirty with garbage thrown everywhere, just not in the areas shown in this video
Panama definitely isn't clean. They throw their garbage everywhere from rivers and streams to city streets and along the highways. It's disgusting
I'll be there June 2025 Retired , you make me jealous. Thanks for the tour and thoughts, I stopped to listen to you because I said this guy dresses like me. Clean neat conservative , you know Old School.
Thanks Man good Video
Vince Murry
You are most welcome
Thank you
I’m excited for you retiring in Panama !
Love your videos. Don't know if you ever talked about when you will retire. Slow down in travel. Where would you hang your hat and why
Great question
I do see Southeast Asia as my main area through my 50s
In my 60s we will see if the kids have kids haha
Then I’ll make longer term plans
What about you?
Well, that is a good question. I have been planning a trip to Thailand . I plan to stay for at least 1 month. If I like it,will stay longer and maybe find where I'm meant to be... 😀
I just Subscribed, need suggestions boquette or casco viejo which I better for my first Visit.
Please answer this question
Please and Thank you
Start with beautiful Panama City
For a month
You can feel the culture out and get accustomed
They must have shut down the road for a special event which they do from time to time, but it is not always shut down. I have a view of it and it has traffic on weekend.
Interesting
Maybe
Avenida Balboa is multi-lane in two directions. They do NOT shut that down on weekends. This was a special event, either a bike race/marathon or parade route. Hotel California is a great value but just crossing the street to get to the metro is incredibly difficult during traffic hours. The "bicycle path" is the Cinta Costera, and the "old town" is Casco Viejo.
Thanks nice video. Was it really hot ?I noticed you wore a denim jacket!😮
Yeah the shirt I brought is a really light denim fabric
It was a good South America shirt for this trip
I’m looking forward to the ultra light travel and clothes of Asia though
I've heard it can get unbearably hot and humid in the capital of Panama. More than Miami. That would be my only gripe !
It was hot but I did not find it Miami sweltering hot
I’m heading back to Asia soon and it is more humid in Thailand than Panama
@@RetireandGo That's good to know. Thanks so much!
Good afternoon thanks for visit me country,but panama is part of Central America.
Thank you this is very kind
I say this joke “ only half of it is” haha
Panama was so nice
You never mentioned the resentment that many Panamanians have toward the US due to the Canal business. I hear that the Canal has a museum where Panama portrays itself as the sole entity of importance concerning its construction & financing.
I do show the canal museum in one of my Panama videos
Check it out and let me know if it’s the right one you are mentioning
I do show the canal museum in one of my Panama videos
Check it out and let me know if it’s the right one you are mentioning
??????Qué??? Resentido estarás tú
Hi!
There's no resentment anymore, don't worry. Yes, Panama and the US had a complicated history in the past for obvius reasons, but after the Canal was handed over to Panamanian control 25 years ago, the friendship, mutual respect and cooperation has grown ever since.
If you get the chance to visit the Canal Museum in Casco Viejo first, and the Visitor Centre at the Miraflores Locks aftewards, you'll find out that nobody here thinks were the sole entity in this story.
Welcome to Panama!
@@pimentoso oh yes the museums were wonderful
And watching the ships was a treat!
Yeah Man , Coffee and fresh bakery goods, oh yeah.
Vince Murry
Yes true
I love a good pastry in the morning
👍👍👍
Aloha to you !
How would you compare Panama City to Kuala Lumpur?
I am returning to KL this year and I’ll do more videos on the KL costs, housing, area, all of it
The cultures are very different
KL was lower cost for me about half
Of all your travels which country do you recommend
To start I would say Thailand
Then Malaysia
Are there beach towns with public transit that go in to panama city?
This would be a great project
To show trains and bus routes like this
I wish I had more time there in Panama
It was a lovely experience
How's the personal safety?
About the food, why aren't you eating local foods?
I was in the central area of town, but still I very seldom go anyplace in Latin America after dark
In any country in central or South America
@@RetireandGoI don't go anywhere after dark in the US! Well, except for work, I work midnight shift!🤣
I am visiting panama in a couple weeks. What is the name of the restaurant where you got the two sausage rolls with a coffee for $2.50?
That is across the street from the hotel
Search the hotel name
It’s a bakery
Thank you. I have found it. It’s Arte Del Pan Perejil.
Are you going to Pedasi ? Gracias & aloha
I’ll look into this
Tell me about it more
I never been there. I heard it was expensive. I have been to Colombia a few times which is a lot of fun.
Is Colombia dangerous
@@Mayochup191 Colombia Travel Advisory
Travel Advisory
January 2, 2024Colombia - Level 3: Reconsider Travel
KUTC
Reissued with updates to the country summary.
Reconsider travel due to crime and terrorism. Exercise increased caution due to civil unrest and kidnapping. Some areas have increased risk. Read the entire Travel Advisory.
Do Not Travel to:
Arauca, Cauca (excluding Popayán), and Norte de Santander departments due to crime and terrorism.
The Colombia-Venezuela border region due to crime, kidnapping, and risk of detention when crossing into Venezuela from Colombia.
Country Summary: Violent crime, such as homicide, assault, and armed robbery, is widespread. Organized criminal activities, such as extortion, robbery, and kidnapping, are common in some areas.
Terrorist groups and criminal organizations continue operating and carrying out attacks in Colombia. They may attack with little or no warning, targeting transportation hubs, markets/shopping malls, local government facilities, police stations, military facilities, hotels, clubs, restaurants, airports, other public areas, and U.S. government facilities.
Demonstrations occur regularly throughout the country and can be about a variety of political or economic issues. They can shutdown roads and highways, often without prior notice or estimated reopening timelines. Demonstrations and road closures may significantly reduce access to public transportation and may disrupt travel within and between cities. Protests can become violent and can result in fatalities and injuries.
Travel.State.Gov
Have a nice trip.
@@Mayochup191 No it's not. NYC is dangerous
@@Mayochup191 I've been to Colombia twice. It's very safe.
@@Mongoose-ct6usdon't lie to people!! Colombia is very!! Dangerous!!
Excellent colonial architectural views
Beautiful buildings!
I liked that about all of Latin America
It is true in Bogotá sne in small town around such as village de Leiva you become amaze.
When are you planning to visit Bogotá and hopefully sharing a cup of coffee ?
Sadly, my brother has not prepared for retiring. At 58, he has nothing, and only barely qualifies for SS, which would get him about $700/mo. His daughter is following in his footsteps. I’m frustrated because I’ve worked hard and sacrificed a lot to amass funds, and they will end up burdening me. If not monthly then with some enormous medical expense.
I understand
Try your best to give good advice to him but remember you can’t save anyone they have to do the work
That's their choice how they lived their lives. With choices come consequences, not you're burden to finance theirs. At 58, guess he'll have to keep working the rest of his life. His problem.
Also, if he can't pay for his medical expenses, then the doctor/hospital will just have to eat those costs. Happens every day.
Sooo it’s Central America not South America
If you allow them to burden you, that is on you. Shame on you BIG fella. I am assuming your brother had the same opportunities in life as you did. Now if he didn't think out of the box and think about retiring someday. Well, again that is on him. Unless it is your parents, don't allow anyone to burden you. Enjoy your retirement!!!
6:21 Just so you know you can't work in Panama for a Panamanian company unless you have a work permit.
Good information thank you!
Ohh boy, I'm in love with that HOT TACO! 😅 Yummy 😋
I was good the locals gave me the information on those
I need to learn to order less haha
I fed the hotel front desk with leftovers haha
I'm going to Panama city in a few months. Do you think it's safe going there alone for a woman ? I'm a digital noma d too...
Anywhere in Latin America I can’t suggest going alone as a woman, I would not suggest going to any US city alone as a woman
Safety first
Please get a few travel partners
Travel Asia alone
I am a single woman, I moved to La Chorrea reminds me of West Palm Beach, Fl…. Clean, nice people !! Been here less than a month love it . Only thing is health care because I have pre existing conditions.!! What can I do or get ? A little expensive where I live at. Went to Santa Fe hospital they did not accept my US MEDICARE ADVANTAGE PLAN. Still waiting on my Insurance for Panamanian. Thank you
I get hungry watching you...........eat.
Haha I get that
I feel that way when I watch vids too haha
$14 for a plate of tacos? That ain't cheap! The average local would have to work 4 hours to earn that much money!
I agree
I’m heading back to Asia haha
the average local knows where to buy good food at good prices. You dont see them buying those kind of foods every day. you can get a good meal witha soda for only 4 to 6 dolars.
En panama
Have a great day !
It seems with all the Americans coming it may raise prices. 😮
Perhaps
Just go
Cheap life for decades
Yes it is raising prices!!
Just came to ask aren't you an immigrant instead of an expat?
Great question!
I’m not living in Panama I’m living overseas and moving constantly
I’m not applying for citizenship in Panama
But, it would be a good place for that I think
After 25 years in Panama , which is actually Central America. You CAN NOT live in Panama on US Social security. That is poverty level living . Please do not be mislead by a dude who visited for a hot minute.
Panama is not the states, we use Spanish, the culture is soo far removed from what you are used to.
Do your research properly.
Your retirement money does go further here nor will it..
I hope you are enjoying it there :-)
Have a great week
Hoow much monthly money would be a good amount to live normally in panama? I mean the country, not the city.
@@nstorm2415 oh goodness, country…I would say
$2000 a month maybe
That Pizza does not have a good crust, you should be able to eat it with one hand, you are holding the tip or it would sag. You are not a pizza expert like me.
You studied in pizza at the Shaolin temple ‘
LoL wtf?
Sorry dude, but not everyone likes a crustry pizza. Why do you think there are different styles.
51 this!!
Haha have a good day
Panama is Central America, not South America 😂😂
Let’s meet half way and say half of it is :-)
Good research and content but too much looking at you while you walk. I want to see what you are walking past. Put your ego aside and improve your videos. Thank you
Thank you for the feedback !
@Retireandgo
Good job!
1) I'll fwd this to a fellow Canadian (of Italian descent), & an Italian-born Priest here in Canada - let them enjoy Calicanto Italian Restaurant 12:27-15:09!
2) I'd be specific:
a) instead of generalising, "It's cheaper here", I'd give actual amounts, "You can live on less that US $1,000/mth (total exps); and,
b) give neighbourhood names that have the less expensive real estate you referred to.
Keep up the good work...& blessings!
@@adad1270 you can live perfectly with 1000 a month here. Every video you see always talk about the capital city or boquete, but panama has really good affordable places
Panama is NOT and will NEVER be another star on the US's flag!!
It was a metaphor
@@RetireandGoMuy desagradable tu metafora. Be careful with what you say!
Very true !!