Posted by: OnToTheNextOne December 19, 2016
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Interesting feedback guys. Thank you.
Meraj,
Good thinking in terms of factoring inflation for cash deposit. Bank interest income was an example to Manuwa's questions not specifically my situation. Majority of my investment portfolio is in states. I like your idea of only bringing in only what's needed and not bother transferring entire capital to Nepal. Hippie analogy makes sense as I'm far apart from the current reality on the ground. Also an interesting point on moving money back from Nepal to states, I'll see why it's difficult and what are the available options.
To answer your question in regards to livable expenses, I find it hard to believe that I would need more than 25K/year USD to live in Nepal for a small family which I think should cover kids education as well at a decent school. I'd love to hear if that wouldn't be sufficient as I won't have mortgage payments while living there.
Torpe_Kainla, you've raised a very good point on deposit insurance. I'd look more into it. Perhaps diversifying cash deposit across multiple banks to the limit where it's insured could be an option for folks who want income from cash deposit interest.
- OnToTheNextOne
Meraj,
Good thinking in terms of factoring inflation for cash deposit. Bank interest income was an example to Manuwa's questions not specifically my situation. Majority of my investment portfolio is in states. I like your idea of only bringing in only what's needed and not bother transferring entire capital to Nepal. Hippie analogy makes sense as I'm far apart from the current reality on the ground. Also an interesting point on moving money back from Nepal to states, I'll see why it's difficult and what are the available options.
To answer your question in regards to livable expenses, I find it hard to believe that I would need more than 25K/year USD to live in Nepal for a small family which I think should cover kids education as well at a decent school. I'd love to hear if that wouldn't be sufficient as I won't have mortgage payments while living there.
Torpe_Kainla, you've raised a very good point on deposit insurance. I'd look more into it. Perhaps diversifying cash deposit across multiple banks to the limit where it's insured could be an option for folks who want income from cash deposit interest.
- OnToTheNextOne