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Op-Ed: Decouple Yourself in the New Third World


You may be surprised to find that you are happier and more successful in the New Third World than you can hope to be now in the US or Europe.

But that isn't the most important point in my experience. I can't express in words the value in working with people who are positive about their future and their nation's future. The difference is huge. Yes, we have expatriates from other nations, typically from the New First World, who still have got one foot in the "old country," carry their anger and angst with them as extra baggage when they come, live on the surface of their new home, and sit and whine. They can be noisy, but they are definitely in the minority. Life can be challenging in a new nation, wherever it is, but if you are up to the challenge, flexible, and adaptable, the door opens on endless possibilities.

But you cannot share in these opportunities sitting in front of a computer monitor in a New First World nation. You have to move there, learn, grow, and work your butt off. There are no guarantees and your nationality isn't going to grant you any special attention, except maybe a little sympathy if you look for it. Nonetheless, the pay-off on your investment of your life, not just your money, can be much greater than anything you can hope for in the other two Worlds.

Yes, there are the other ones, the dysfunctional nations (Somalia and North Korea come to mind) and those who have great potential, but spend most of their time shooting themselves in the foot or worse (Venezuela and Zimbabwe come to mind). But these nations are fewer in number than ever before and, let's be frank, the dysfunctional aren't terribly important to the rest of us, other than occasionally threatening violence, and the foot-shooters can always turn the corner and join those growing and benefiting from that growth..

I am a citizen of the United States of America and intend to remain one for the rest of my life, regardless of where I reside. I can still express my opinions in my home nation, as I am doing right now and as I do frequently. I can still vote and do, if I have someone I think is worth voting for. I can certainly keep as up-to-date as anyone on global markets, politics, etc. And I can remain in regular touch with those I love and those I work with outside my current nation of residence easily and cheaply.

But I don't have to live there to do it. I have great confidence that my fellow Americans and our European cousins will eventually climb out of the pit they have dug for themselves. And I am happy for the New Second World and wish it the best as it struggles to maintain growth in the midst of all the confusion of its "partners" in the New First World. But decades of experience have taught me to ignore size and focus on quality, to seek a home where people look forward to a better future, not backward to the "good old days" that will never, can never, return.

What you do with your life is entirely your business, of course. It is of no significance to me. The majority of you will probably have no interest in living anywhere other than where you do now. Fine, but I'm not really writing to you. I am writing to those who have given or will give relocation to another nation some thought. Keep this New Third World, these Frontier Markets, very much in mind. If you have the resources, get out there and visit them.

Ultimately, if your life is being turned upside-down and inside-out by the constant tension and mindless shouting surrounding you now, consider decoupling your life from what it is that causes you pain and unhappiness. If you want to invest and you are willing to really work at it yourself, rather than try to make some money off what others are doing, you may be surprised to find that you are happier and more successful in the New Third World than you can hope to be now in the US or Europe. At the very least, you can enjoy life and actually have fun while investing.

But if so, don't just keep putting it off. The New Third World is like any world. It isn't going to wait for you. It's too busy growing.

See more from Bob Adams at Panama Wave and America Wave.

Twitter: @AmericaWave
No positions in stocks mentioned.
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