As baby boomers find themselves locked out of high-paying jobs in their 50s, many struggle to survive the rising cost of living and their shrinking retirement nest egg. Since the average American over 65 can anticipate a lifespan of more than 80 years, many, particularly single women, are wondering how they are going to survive.
For example, men receive an average Social Security payment of $1,723 per month, while women average only $1,388, almost 20% less, according to the Social Security Administration.
And since 49% of women over 65 are single, compared to just 29% of men, they face the triple challenge of low employment, low retirement income, and not having a spouse to provide support and a second income.
As a result, a growing number of Americans find themselves seeking ways to reduce their expenses to be able to survive on their retirement income alone.
That’s why many baby boomers are choosing to join the more than one million Americans and 300,000 Canadians currently living in Mexico, where they can slash their cost of living by half to two-thirds.
And in the process, they discover a healthier, more enjoyable, and very social lifestyle that provides the stimulation and satisfaction they may have been yearning for, especially after the devastating lockdown caused by the pandemic.
That’s exactly what they will learn how to do in the new book The GrownUps Guide to Running Away from Home: Earn Dollars. Spend Pesos. Escape to Paradise.
In the book, author Diane Huth, known as The Runaway Sherpa, shows adventure-starved readers how to escape their current less-than-fulfilling lives to live their dream life overseas on a shoestring budget.
She takes the reader on her personal journey of transformation from a burnt-out caregiver scraping by on Social Security, to a happy “escapee” living in beautiful Isla Mujeres, Mexico, a tiny sun-kissed tropical island off the coast of Cancun.
And in the process, Huth shows how they can do the same – more easily and affordably than they ever imagined possible.
The book helps readers obtain clear, practical, and easy-to-implement tools and strategies to re-evaluate their lifestyle options, find their dream location, and plan to move there while still working remotely as a digital nomad if desired – or just retiring and living richly on a fraction of what it costs to live in the States.
And throughout the book, Huth introduces readers to dozens of people who have successfully made the transition, either full-time, like she has, or part-time as south-of-the-border snowbirds.
‘She also provides information for digital nomads or remote workers looking to benefit from the low cost of living overseas while earning US salaries or freelancing income in what Tim Ferriss called “geoarbitrage”, defined as leveraging global pricing and currency differences for profit or lifestyle purposes.
According to Huth, “In my book, I provide detailed real-life examples of how I have slashed my personal cost of living by more than 60% across the board, including housing, utilities, medical care, and personal services. And with the ever-escalating costs of medical care in the US, it is comforting to know that I can get full emergency and urgent care coverage outside the US by taking advantage of Medicare Part C Advantage Plans, with no premiums, deductibles or co-pays.”
The book has received excellent reviews since its publication. According to Raymond Aaron, New York Times Bestselling Author, “This book is your roadmap to your dream life, and Diane is the perfect guide to take you on this journey of adventure and rediscovery. By the end of the book, you will know if this kind of freedom is right for you and, if so, you will have a clear-cut vision of how to achieve it.”
The book is available on Amazon and other online booksellers in paperback and Kindle eBook formats.
Huth teaches the content of the book in free weekly webinars on Wednesday evenings at www.RunawayWebinar.com. More information about the book and the opportunity to relocate to Mexico can be found at www.GrownUpsGuide.com.
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Abigail is author of several novels for young adults. Her debut novel Threads, won the Times/Chicken House competition in 2009, and in 2017 ‘Love Song’ won the Goldsboro Books Romantic Novel of the Year.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Scoop Register journalist was involved in the writing and production of this article.