More and more people are discovering that not only can they live abroad and be happy, safe and comfortable, but that they can successfully earn an income.
That’s exactly what I did when I left the U.S. for Mazatlán, Mexico in 2006. I lived off a steady income from freelance editing jobs and running M!, a local arts and entertainment magazine I started.
Whether working remotely as an employee or running their own business, options abound for the adventurous expat.
Here’s how seven Americans are earning an income living abroad:
1. Colin Bucell, 47
In 2011, Colin Bucell had a dream to sail around the world. He took early retirement at age 37 and went first to Mexico. Since then, he’s lived in more than 60 countries.
“Every day is an exciting new adventure!” Bucell tells CNBC Make It from his sailboat in Morocco. “And all for a fraction of what my California expenses were.”
Bucell lives on his sailboat, which doubles as an income source via private tours and excursions — advertised through word of mouth — wherever he is. He’s found health care and food to be much cheaper everywhere he goes.