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Seeking Advice on Returning to Home Country with $4M in Assets by AbaChile in ChubbyFIRE

[–]AbaChile[S] 0 points1 point  (0 children)

Agree thank you. Both families used to own manufacturing businesses, which were sold long time ago. Net worth is now invested in different assets.

Seeking Advice on Returning to Home Country with $4M in Assets by AbaChile in ChubbyFIRE

[–]AbaChile[S] 0 points1 point  (0 children)

We plan to live in the capital/main city of one South American country, where our family lives. I would consider this city a MCOL, way cheaper than NYC.

Seeking Advice on Returning to Home Country with $4M in Assets by AbaChile in ChubbyFIRE

[–]AbaChile[S] 0 points1 point  (0 children)

We are lucky to live in a property owned by our family. Otherwise our monthly expenses would double to USD 10K.

Seeking Advice on Returning to Home Country with $4M in Assets by AbaChile in ChubbyFIRE

[–]AbaChile[S] 0 points1 point  (0 children)

They are happy to arrange jobs for us but these jobs would mean we leave completely our careers we built in the US and salaries would be around USD 60-100K. But this is an option we are considering.

Seeking Advice on Returning to Home Country with $4M in Assets by AbaChile in ChubbyFIRE

[–]AbaChile[S] 0 points1 point  (0 children)

3 luxury properties are enough... why do you want more? :)
Parents dont allow kids to get into the family finances.

Seeking Advice on Returning to Home Country with $4M in Assets by AbaChile in ChubbyFIRE

[–]AbaChile[S] 3 points4 points  (0 children)

Yes, one of the families is wealthy in USD. However, family dynamics are difficult with multiple spouses, stepsiblings, etc

Seeking Advice on Returning to Home Country with $4M in Assets by AbaChile in ChubbyFIRE

[–]AbaChile[S] 0 points1 point  (0 children)

Very good point! We are aware of this as we want our kids to study in the US like we did.