Earning Money While Living in Mexico

Just about everyone likes the idea of living in Mexico on the beachfront, in charming colonial city, or in the magic of a traditional village.  While most people know that high-quality and affordable Mexico real estate is available in many places throughout the country, and that the cost of living is considerably lower here, what fewer people know is that you don’t have to wait for retirement to enjoy this lifestyle; making money through investment or over the internet makes living in Mexico an option for just about anyone, or a relatively easy way to add some funds to retirement years from the comfort of home.

One option is investment.  If you are only using your property part of the year, even inexpensive real estate can provide income from vacation rentals, or, if you can buy a second property, long-term rentals are an option.  If this idea sounds like a possibility, explain your plan to your agent, who can help you find the right property, and point you to information about rental income.  Other investment options exist.  Mexico has a healthy, growing economy, benefiting greatly from free trade and globalization.  You can also benefit from it.

Another way to make money from your new home in Mexico is over the internet.  Access to high-speed internet has given more Americans and Canadians the option of working from a home office, and more are doing so.  If you can find work that you can do from your living room in Denver, you can do that same work from a cottage overlooking Lake Chapala, or the dream home you had built on the Yucatan beachfront.  More experts are suggesting this as an option.  And over the past decade, high-speed internet has become available in the majority of tourism areas, and well beyond.

Suggestions include tutoring, online.  If you have a special skill or specific knowledge, students and others who need those skills are willing to pay to learn that skill through a chat room.  It could include anything from tutoring children for English, to teaching a high-tech skill for adults redifining their labor skills.  Direct video communication improves the face-to-face aspect.  Online payment systems and direct bank transfers make it easy for your students to pay, and for you to check that they’ve paid.  Your students can live anywhere in the world.

If writing is your thing, you can also write on a large variety of topics for internet or printed magazines, or work as an editor.  If you know more than one language, you can work as a translator; translating French texts to English for a Chinese company might sound absurd, but it’s the reality of today’s globalized world.  Another job people do from home is answering services, to give personalized service for a company after hours, or as a call center rep; both jobs are commonly done from home, and can easily be done in another country through certain internet services.

These jobs can pay between $15 and $100 per hour.  While the initial pay isn’t usually high it almost always increases with time.  More importantly, you can do them from your home in Mexico, and perhaps most importantly, the money will go a whole lot further in Mexico than back home in the U.S. or Canada.

There are many options available.  Consider what skill you have, and you could be enjoying living in Mexico in a warm climate much sooner than you think.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company’s web site www.TOPmexicorealestate.com NETWORK

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