Global citizens: Expat parents and their third culture kids

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Thinking about living abroad as a foreign worker can be both daunting and exciting but what if you add raising children to the equation? For most families, deciding on whether to take this less travelled path or not can be the biggest and most important choice that they’ll ever make.

Expatriation has boomed in the past few decades (which translates to a major boost in the global economy) and with it, many have chosen to build families in countries other than their own. This resulted in the emergence of a new generation of “international kids,” who may have parents from two different countries, born somewhere else, and lived in an entirely different one. That seems cool but for most of them, this kind of lifestyle can be very challenging. From dealing with different currencies and costs of living to explaining ‘where they are from,’ the struggle is very real.


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Many studies have finally defined the uniqueness and exclusivity that members of an expatriate family experience, particularly describing what it does to their children. Coined as the ‘third culture kids’ (TCK), they are children of expats around the world who spent their younger years in another country, learning its cultures and customs through educational and social institutions abroad.

However, this system does not remove the perception that they are still ‘foreigners’ to their host country—and what’s more astonishing is they do not also feel much at home in the culture of their country of origin; thus, allowing them to identify with a middle, third culture that they have learned to acquire from their experiences.


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While it’s amazing to experience two cultures at once, not belonging to either one can create this unique identity that can either make or break how they see themselves as individuals. Surprisingly, many of these TCKs were able to deal with this semi-nomadic living very well. In fact, one of them eventually became the 44th President of the United States.

It can be challenging to let your family be a part of your expat adventure, but there are several advantages that can rival the risks. For instance, showing them the world at an early age will help them have a more open and better understanding of cultural differences. In addition, as ‘world citizens’, they can develop a rare flexibility and sensitivity that not everyone can learn and acquire in a lifetime.

REPOST: Ranking: Hong Kong now Asia Pacific’s most expensive city for expats

Hong Kong is a densely populated global financial center built on a small piece land with very limited natural resources. Hence, the cost of living is understandable high. On top of that, the HK dollar has appreciated against most major currencies over the past few years. Nonetheless, it remains to be one of the world’s best cities to do business. Here is an article on CNBC that explains how this SAR became Asia Pacific’s most expensive city to live in:


Hong Kong tops the list as the most expensive city in Asia Pacific for expatriates to reside, according to a cost of living survey conducted by consultancy firm ECA International.


The city is also the second most expensive city globally — behind Luanda in Angola — and its ranking on the list has steadily increased in the last 7 years.


“Hong Kong has continued to get more expensive for expatriates. Over the past few years, the HK dollar has appreciated against most major currencies, owing to its peg to the US dollar, which has pushed up the price of goods and services relative to those in locations whose currencies have weakened against the greenback,” said Lee Quane, ECA International’s regional director for Asia, said in a release accompanying the ranking.


Jerome Favre | Bloomberg via Getty Images


Stable prices in Japan coupled with a weaker yen against major currencies also accounted for why Hong Kong overtook Tokyo this year as the most expensive city in Asia.


“This means that for many companies, the cost of maintaining their assignees’ purchasing power while posted here has fallen and international assignees based in Japan may see their cost of living allowances decrease,” Quane said in the release.


ECA gathered the results by collecting price data across 464 cities, comparing a pre-determined basket of goods and services that are commonly purchased by expatriates globally.


This basket includes groceries, meals, leisure activities and expenditure on clothing and general services. It excludes certain expenses such as rent, utilities, automobile purchases and tuition fees that are usually provided by companies when their employees relocate overseas.


Continue reading on this PAGE.

Top high-paying jobs for expatriates around the world

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Many people nowadays are living the best days of their lives by exploring places and once in a lifetime career opportunities. Unlike the old days however, their ideal life is no longer limited within the boundaries of their home country. In fact, even with all the pros and cons of expatriation, millions of expats around the world still think that that big decision they once made was all worth it.


If you’re thinking of moving into a new country to start a career, what options do you have available as a professional? Here are the most in-demand jobs for expatriates around the world.


Language teacher/translator

If you’re a fluent speaker of your native language and you know the basics of teaching and translation, then you’re up for a bright and successful future abroad. English is the top language for teaching globally especially in progressive countries like South Korea and Japan, Russia, Brazil, and the many more.


Sales/business/marketing manager

According to a 2016 LinkedIn ranking based on job demands, opportunities as a sales manager is among the top positions that expats can apply for with over 400K openings. Among these countries is Singapore—a haven for business and marketing careers with an average expat salary of $138,641.


IT and tech jobs

Having an expertise in information technology and skills of basics to more complex programming languages will help you land a promising career in dynamic countries like New Zealand. On the other hand, India’s demand for the IT sector is so remarkable that expats from all over the globe can benefit from higher salaries and enjoy a lower cost of living compared to other expat destinations.


Financial services

The finance industry as a whole is a melting pot of experts from all cultural backgrounds. On Wall Street and in major financial centers like Bermuda—home to top offshore companies like LOM Financial—for example, experts and analysts come from various parts of the world. Financial jobs will always require expat experience and expertise to serve global clients more effectively.

REPOST: The 26 major cities with the highest quality of life in the world

Planning to relocate to another city and live there for good? Here is a list by the Deutsche Bank—as compiled by The Independent—that ranks major cities based on eight livability indexes: purchasing power, safety, health care, cost of living, property price to income ratio, traffic commute time, pollution, and climate:


This week Deutsche Bank released its annual “Mapping the world’s prices” report, cataloguing the cost of goods and services in a cross section of the world’s biggest and most powerful cities around the world.


In 2017, for the first time, Deutsche Bank has included a ranking of the quality of life in 47 cities around the world. The ranking is based on eight sub-indexes compiled by crowd-sourced information database Numbeo, which create a broad picture of what it is like to live in different cities.


The indexes are: Purchasing Power, Safety, Health Care, Cost of Living, Property Price to Income Ratio, Traffic Commute Time, Pollution, and Climate.


Broadly speaking, the cities that rank highly are in the northern hemisphere in developed western economies, although several cities from nations like South Africa, Australia, and New Zealand make the list, with one even at the very top.


Check it out below:


26.  Oslo, Norway — Norway’s capital makes this list thanks to strong scores in the pollution category, where it was 10th overall, and purchasing power, where it was 15th.


25.  Johannesburg, South Africa — Finishing top of the property price to income ratio ranking helped push the South African city to a relatively high position on DB’s list.


Inner-city Johannesburg, South Africa (AFP/Getty Images)


24.  Brussels, Belgium — Belgian capital and seat of the European Union, Brussels was fifth best for health care, and seventh overall for both property price/income ratio and traffic commute time.


23.  Warsaw, Poland — Breaking the top 10 in two categories — eighth in safety, sixth in cost of living — helped Warsaw to a high position in the overall quality of life ranking.


by Megan Townsend


22.  Chicago, USA — Often overlooked for coastal powerhouses like New York and Los Angeles, Chicago has the third best quality of life of any US city, according to Deutsche Bank’s ranking. It scored particularly high in property price to income ratio, finishing second.


21.  Dublin, Ireland — Dublin failed to excel in any single category, but scored well across the board, with its highest individual ranking being 10th in property price to income ratio.


See the full list HERE.

Five common myths about expatriation

Most people who have travelled to another country may have experienced the magic of living, even just for a couple of days, in an exotic and seemingly magical place. Some of them would wish how perfect it would be if they could just stay and live there for good. Such an ideal life, don’t you think? Not entirely.  


Millions of expatriates around the world may have experienced the honeymoon stage of living and working abroad, but most of them would agree that when reality sets in, you’ll realize how busting the common myths of expatriation could have made you wiser and fully prepared.



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So what are the common misconceptions about living as an expat?


You cannot survive if you don’t learn the local language first.

As long as you speak English, the global language, you can still survive the daily grind in a foreign land without knowing the local language by heart – just take your time.  However, learning basic expressions or having a phrase book handy can be helpful in interactions outside work.


You have very limited investment opportunities.

When in a foreign land, access to financial services outside banking is often seen to be difficult and complicated. However, setting up a dynamic investment portfolio while abroad doesn’t have to. Offshore financial services are expats’ best shot at diversifying into various investment machines (such as global bonds, foreign equities, etc.) without them needing to leave their host country. Companies like Bermuda-based LOM Financial provide excellent offshore investment solutions (safe, convenient, and tax efficient) that were specifically designed to meet expatriates’ needs, demands, and goals.



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Living abroad is only for the outgoing and adventurous type.

Working abroad is not just for the extroverted. In fact, everyday life in the office even outside your home country is just pretty much the same: you work on your desk all day, lunch breaks with your co-workers, and the daily walk or commute home, etc. Just think positive and give yourself time to adjust.


Your life is going to be a daily vacation.

Staying in a country for a few weeks of vacation is totally different from actually living there for work. Most people make a big decision of moving to another continent based on an ideal image of working in a holiday destination without knowing its pros and cons.



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You don’t have to worry about U.S. taxes anymore.

This one is for American expats. Contrary to popular belief, living in another country won’t excuse them from paying U.S. taxes.  As long as they are citizens of the U.S., they have tax obligations no matter where they live. It is important to note that America has tax treaties with numerous countries (where the IRS and the foreign tax agencies exchange tax data on their residents), so filing a tax return every year—whether they have income or not—is still necessary. To know more, here is a tax guide from the IRS for citizens living and working abroad.


Of diversity and harmony: Expats as cultural ambassadors

Being an expatriate means so much more than living in a different country for school or work. They may not really realize it before the move, but they will actually be carrying a very big responsibility the moment they settle in. Once they make new connections in their new home, at some point or the other, everyone will ask expats about their home country. That’s because hearing about a foreign country from an individual who actually lived there will excite and fascinate most. Slowly but surely, they are easing into their roles as cultural ambassadors.



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What does a cultural ambassador do exactly? For one, they tell stories of home with foreign friends. This then leads to conversation and insightful discussions. Cultural ambassadors do so much more than imparting information, as they also learn something from their host country along the process. During the discourse there will be misconceptions, but clearing them up will become an activity that is worthwhile and meaningful in and of itself. All of these actions are in pursuit of common understanding. Despite coming from different lands, everyone is still connected. The expatriate, while retaining some of his practices from his native land, will slowly adopt his new home’s culture as well. This gradual merge will become the foundation of mutual respect, at least in an ideal setting.


Thinking about the task at hand seems very daunting. Surely enough, it is understandable for the thought that a single person will be representing an entire country and everything that it stands for can be intimidating. However, there is nothing to worry about for things will surely come naturally.



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Expatriation made the world a much more globalized place for business and cultural exchanges. If it were a country, it would be one of the biggest in the world, with more than 230 million people considering themselves as foreign workers. That also translates to high economic value, with each one of them contributing taxes or investments to their new home, as well as remittances to where they are originally from. In countries like India, China, and the Philippines, money sent by their citizens working abroad serves as one the top sources of foreign currency.  This makes expats more than just cultural ambassadors, but economic linchpins as well.

REPOST: Mercer: Singapore best country to live in Asia for expatriates

Very few countries around the world can offer the ideal living conditions and career opportunities that would allow a foreign worker to fully explore his potential and achieve the highest quality of life. One of these countries is Singapore, which Mercer has recently declared to be the most conducive country in Asia for expatriates to thrive. Read The Online Citizen‘s report below:


On a hot day and a public holiday in Singapore’s popular family vacation tog at Children’s garden at Garden by the bay. | From


Consulting firm Mercer has announced on Tuesday (14 March) the result of the 19th Quality of Living survey which concluded that Singapore is the 25th country in the world and the first in Asia as the best place to live for expatriates, saying that Singapore is a country where there is a great disparity in quality of living.


Western European cities continue to surpass the rest of the world when it comes to expatriate quality of living, by taking eight of the top spots in Mercer’s annual ranking.


For eight year in a row, Vienna, Austria’s grand capital on the Danube river, was ranked the best place to live in the world for expatriates.


On the other end of the spectrum, Baghdad, Iraq, is concluded as the worst place to live as it was considered as an unsafe and war-torn city.


In Southeast Asia, Kuala Lumpur, ranked 86th, follows Singapore.


While, other key cities include Bangkok, ranked 131th, Manila, ranked 135th, and Jakarta, ranked 143rd. Five Japanese cities top the ranking for East Asia, which is Tokyo, ranked 47th, Kobe, ranked 50th, Yokohama, ranked 51st, Osaka, ranked 60th, and Nagoya, ranked 63rd.


Mercer’s survey also includes a city infrastructure ranking that assesses each city’s supply of electricity, drinking water, telephone and mail services, and public transportation as well as traffic congestion and the range of international flights available from local airports.


Continue reading HERE.

The first year: A guide for new expats

Moving to a different country and starting a fresh life there screams adventure; but being thrown into an entirely new environment will have its challenges. For most, the first year is when the grind becomes all too real. Some are better at coping than others. So for those who are having some difficulties, they will need some help. Luckily, a lot of people have gone through the exact same situation, so with their wisdom gained through experience, entirely foreign circumstances will become somewhat more manageable.


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Sometimes, expats fail to realize that moving to a different location means so much more than a different scenery. Different cultures, different people from what they are used to, and different customs will get thrown at them one right after the other. In order to prevent any frustrations from building up, they need to embrace everything about their new home. Getting friendly with the locals while asking for a little bit of help and learning while observing them will help big time.


First-year expats should also be open about the new experience and never look back. During the first few months, they will be seeking out fellow citizens who came from the same country as them. Rather, they should just make as many international compatriots as they can. This method can become an effective means to successfully integrate with the new society.


Lastly, one’s expectations should be realistic. People who are going to move aren’t going to be living there as tourists. So they should learn the language, ease into the local cuisine, and do a lot of research about the place.


Image source: CNN Money


There are roughly 50 million expats worldwide, all working in almost every type of industry. Countries in the Gulf Coast (such as Saudi Arabia and the UAE) are home to the most foreign workers while India has the highest rate of citizens expatriating. Some have successfully assimilated in the country they now consider their second home, others are still starting to learn the ropes. Economically, expats are responsible for generating billions of dollars in annual revenues. Comprising a large and diverse market, they are ideal customers for a variety of specialized services or products, such as overseas telecommunications, offshore investments, and travel.

Financial Services for the Global Expatriate

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Gone are the days when savings options for expatriates have only been confined to traditional bank products—high liquidity but offer very low interest rates. With more markets emerging and the global economy as a whole rapidly evolving, the need to tap into new and cutting-edge financial tools and services has become a need rather than just a contingency to protecting and growing people’s wealth. In such a case, offshore banking and investing have unlocked ground-breaking opportunities to help investors maximize their potential for harvesting profits.

Depending on the financial and business climate of the country they work in, expatriates may find it difficult to diversity their financial assets. Many jurisdictions have huge levies on personal income while others lack opportunities to access high-growth financial securities. It is for this very reason that offshore banking and investing emerged like skyscrapers, where state-of-the-art financial centers provide expatriates and all other international investors the access to global equities, fixed-income assets, mutual funds, and even precious metals right at their fingertips—regardless of where they are in the world. With high-technology online tools, customizable investing programs, and an experienced management team from within an efficient corporate structure, offshore financial services are making it a lot easier for investors to enjoy a wide range of economic opportunities.

Majority of the world’s offshore financial management companies are based in just a few countries or territories, which are typically tax-neutral jurisdictions. Among them are the Bahamas, Bermuda, Cayman and the Channel Islands. Leading companies, such as LOM Offshore Financial Services, offer and facilitate international distribution of a variety of assets that investors can take ownership of: equities, bonds, options, futures, commodities, and foreign exchange. In addition, they offer secure banking services that provide a convenient and easy method for accessing funds in their personal accounts. Other services include MasterCard & ATM access, multi-currency transactions, 24/7 customer support, and dedicated private financial advisory.

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Beyond the comprehensive access to global securities, top-of-the-line banking tools, and world-class fund management services, offshore banking and investing companies offer clients a lucrative option to diversify their portfolio, build a hedge against inflation, develop a cushion from very high taxes in a tax neutral environment, and above all, take comfort in the privacy and security of transactions.

Set up your own offshore account now. Click HERE for more details.

The Top 3 Major Don’ts Of Investing

When it comes to investing, I think it is only wise to learn from those who have failed in this business aside from learning from those who succeeded. The cold heart truth is that not everyone gets it, so not everyone would make it. This world is not for the faint of hearts. We are talking about the core of almost what makes the world go round. It could be interpreted literally since money does go around and it has this cause and effect relationship with people. If you’re someone who wants to dive into investing whether it’s through stocks or real estate, you must know the things to avoid, so you won’t commit the same mistakes that others had.

investment options

I have narrowed down some of the don’ts that you must completely avoid and bookmark this if you must. This will come in handy one day when you finally decide to take investing seriously.


  1. Don’t Act Like A Fortune Teller Based On A Good Pattern: Never allow your current success to determine your future. I’m talking about the current good results in your investment like good stock rates and profit. This is one of the biggest mistakes an investor could make. It may sound funny, but this actually happens a lot! Investors would predict they are going to do well in the future because of what they did with their current success. Keep in mind that the market is never steady. And just because it worked today, doesn’t mean it would work again tomorrow. This scenario often happens in real estate investment. Most investors make that mistake of timing their investment as well, don’t ever do that.
  2. Don’t Assume Anything: Another huge mistake that investors are doing it wrong in this game is being overconfident. Most of them, especially the first timers get too excited, missing on important facts that would affect their investment later on. This is why it is best to have someone who is balanced about the whole thing and won’t just inject unrealistic positivity in the matter. Stay humble as well; don’t think that you have it all figured out, especially when you are just starting out. Always get an unbiased opinion because this is your best bet in this game.
  3. Don’t Forget To Be Keen About Details: Don’t easily accept offers because of the tempting benefits that a broker will tell you. It is a must that you do your own research and check if it is really going to be profitable for you. Some new investors are easily lured by promises and current success of a business opportunity or an asset and they give in to that too quickly. Failing to look at an asset’s expense ratio before purchasing it could actually lead to bankruptcy. So, keep in mind this last tip because it is crucial.

Now, that you know these 3 don’ts, make sure that you practice investing properly, so you won’t end up losing money in the end.