April 17, 2025 • 17 mins
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V I D E O SÂ Â T OÂ Â W A T C HÂ Â N E X T :
Online Business Tips to Working and Traveling In Mexico: https://www.youtube.com/watch?v=9zGH0voCyOc&list=PLh3xKhkMgH_IA6s3KvB_g9Cc9Ze1eji8j&index=2
Moving to Mexico: 10 Reasons Why We Chose to Live in Guadalajara https://www.youtube.com/watch?v=dK23vD8_xjc&list=PLh3xKhkMgH_LAY7UV78YMgms-f2e1UcwN&index=23
Tips for Moving Overseas: Top 5 Remote Work Skills That Make Money: https://www.youtube.com/watch?v=bFzjCrlNAL8&list=PLh3xKhkMgH_IA6s3KvB_g9Cc9Ze1eji8j
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Inquiries: community@entrepreneurexpat.com
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:02):
A lot of people have been askingus how our lives have changed
since moving to Mexico from theus.
In this video, we're gonna talka little bit about what some of
the things are that have changedin our lives and in our
personalities since moving toMexico and what you might
expect.
We'll change on your end aswell.
Welcome to Entrepreneur Expat.
(00:24):
I'm Amanda.
This is Justin.
And on this channel we teach youhow to move to Mexico and other
countries like Panama and CostaRica.
We also talk about how to makemoney online.
We talk about internationalbusiness opportunities and real
estate.
So if that's something that youguys are interested in, make
sure to subscribe and hit thenotification bell so you don't
miss say single video.
We have coming out on thischannel.
(00:45):
And also make sure to give thisvideo a, like, we have a mission
to get in front of 1 millionentrepreneur expats or aspiring
entrepreneur expats.
And one very easy, simple, andfree way that you can help us do
that is by giving a like.
To this video and if you haveany questions about moving to
Mexico specifically, we can nowhelp you with the process.
(01:06):
Everything from getting yourresidency to finding real
estate, and we were just havingconversations with some of our
colleagues last week aboutopportunities to buy businesses
in Mexico.
A lot of you have been askingabout these opportunities.
We get real estate inquiries.
Every week between YouTube andour personal Facebook pages, a
(01:27):
lot of you have asking aboutthings like insurance.
We've got all that stuff coveredin a database, so if you need
help with any of those things,just book a Move to Mexico.
Consult below, it's entrepreneurexpat.com/consult, and we can
use that call to kind of assesswhat your needs are, help you
get started, and create a planfor the next steps.
(01:50):
So what's the first thing thathappened when we moved to Mexico
in terms of our personalitiesand our beliefs and things that
changed?
I would say that the first thingwas that things really are a lot
slower pace here in the us.
Everything is really go, go, go.
You're constantly trying to keepup with your neighbors.
Look good, get the next thing,move on to the next goal Here.
(02:12):
There's a lot more holidays, uh,there's a lot more time off.
The pace is generally laid back.
You, you hear the word manana alot and I, I think we talked
about this a little bit in someof our other videos, but manana
could mean tomorrow, which itliterally means, it might mean
next week.
It might mean remind me in a fewweeks and maybe I'll get around
to it eventually.
(02:34):
So you just have to understandthat things, things really do
slow down a little bit.
You're not gonna necessarilyhave the same efficiencies as
you do in the us.
It might take a little bitlonger to.
Pay taxes on a package that youreceive or perhaps get your, uh,
issues with the electric billsorted out or what have you.
(02:54):
Yeah, and I would say thatthat's definitely shifted in
terms of our lives, but I alsothink that's a major opportunity
because we've learned to slowdown, but.
Only a teens, sea wing, sea bitwhen it comes to business.
We're actually speeding up, uh,in a lot of ways.
But I will say that in the firstcouple years, it's almost like
you wanted to be on vacation allthe time because, um, things are
(03:17):
much slower here.
And I think if you're comingfrom the US or Canada or parts
of Western Europe, it's almostlike your, your nervous system
starts to detox a little bit andkind of forces you to slow down.
And then you start to speed up.
Uh, again, but that's'causewe're entrepreneurs.
We like business, we likemeeting people, we like to be on
the go, but generally speaking,yeah, you learn to move, uh, a
(03:40):
lot slower and you also learn toroll with the punches a lot
more.
So let's talk a little bit, uh,about that, because I know that
can be challenging forwesterners that are moving to
Mexico.
Absolutely.
Yeah.
So, so here you definitely.
I, I would say that thelandscape for business is a lot
(04:01):
easier.
Like there's less regulation.
Um, it's easier to start abusiness.
Uh, you, you don't have to do asmuch administrative stuff on the
business end, but on thepersonal side, a lot of those
things actually are even morecomplicated or slower than in
the us.
One example, like I mentionedjust now is like you, let's say
you receive a packageinternationally and you have to
(04:22):
pay taxes.
You're gonna get hit with a lotof just random things like that,
that in the US it's like, okay,you owe, you owe some import
tax.
You probably just get billed.
When you buy the thing, or maybeyou go to the website on, on
UPS, you pay it and then it getsdelivered or whatever.
Here, if you send it with, um,the postal service, which is the
(04:44):
only way that you can receivethings with batteries, for
example, you have to send itthrough, let's say if it's from
the US through USPS and then resin Mexico, which is their
version of the postal service,which I try to avoid whenever I
possibly can, but most of thetime if, if you're doing
electronics, you can't avoid it.
And so if you owe a tax.
You go there, they give you alittle note, you have to go
(05:04):
physically to the postalservice, uh, after you go to the
bank and pay it.
So if you actually get the noteat your house, which the first
package we got that we had topay taxes on, and we did not
receive the note at all.
Um, so we had to go to thepostal service with the
trackings thing, say, Hey, doyou guys have this?
After about 15 minutes oflooking for it.
Yeah, okay.
We have it here, but we can'trelease it until the tax is
(05:26):
paid.
And then they write down, theycan't even print it out.
They write down the numbers.
You gotta take the, the seriesof numbers to the bank.
So I go to the bank, it was aSaturday that went to one of the
only banks that was open in theneighborhood on a Saturday.
And they said, no, you have tocome back Monday'cause we can't
take tax payments on a Saturday.
I'm like, but you're open.
No, no, no.
It's'cause of the government.
We have to call them whatever.
(05:47):
We can't take your tax payment.
So then I had to come back.
So now I'm about three hoursinto this.
Adventure of receiving onepackage.
'cause there was, you know, a$30tax due on it or something.
So then I need to go back tothat bank on a Monday, pay the
thing with cash, and then goback to the postal service, wait
around another 20, 30 minutes inline for them to find it,
(06:09):
whatever.
After paying it and then Ifinally get my package.
So it's about day four or fiveafter, um, realizing that it
wasn't delivered at my.
At my house and that, uh, it wasbeing held.
So yeah, four or five days.
There's just stuff like that.
I dunno if you have any other.
Other examples that you'vestated?
Yeah, I do actually.
Immigration, so we were lookingat expat groups the other day,
(06:30):
and I got interested in thistopic because we just got
married and one of the thingsthat we were debating was
whether or not I should take hislast name.
I would like to take your lastname, but the immigration
lawyers advised against it, andthe reason they advised against
it was because I, we eachalready had our residency here
in Mexico.
So if I go through a namechange.
(06:51):
It is gonna be a nightmare.
Yeah.
It'll complicate things evenmore than just having to do all
the reporting and everything ofthe marriage in Mexico.
Yeah, and it's interestingbecause yesterday I was hanging
out in some of the expat groupson Facebook, and a lot of women
were running into issues withimmigration because they took on
their, and they're married toMexican men, but they had taken
on their husband's last namebecause that's the custom in the
(07:14):
United States.
States, but in Mexico, peopledon't change their last names.
You have, uh, the paternal lastname and the maternal last name
for your whole life, and itdoesn't change when you get
married.
So their system is based on thepaternal last name and the
maternal last name.
So a lot of them were runninginto issues because on their
birth certificate, they havetheir maiden name, but then when
they got married, they took ontheir husband's name, and then
(07:35):
immigration was caught givingthem a whole bunch of problems
over it.
So our lawyers advised usagainst me changing, uh, my last
name.
To my married name and we werelike, you know what?
If we're gonna be doing theinternational lifestyle and
having residencies and passportsand things, uh, that's probably
a good idea.
So I would say that's anotherexample I've seen recently, uh,
(07:57):
where it's just kind of like,uh, not as efficient, right?
So you, you learn to roll withthose punches a whole lot more.
And I would say generally, ifyou're traveling a lot or living
in any other country, you will.
Tend to roll with the punches,uh, a lot more, especially if
you're a westerner because we'reaccustomed to a certain sense of
efficiency that perhaps does notexist, uh, in other countries.
(08:20):
Yeah, and especially in LatinAmerica.
I mean, you go to Europe, maybeyou'll have a little bit more
luck other than perhaps Spain orItaly.
Getting, yeah, getting thingsdone quicker.
But Latin America is notoriousfor just being much more of
relaxed, as we say here.
So number three, the, the otherthing that we noticed changed us
(08:42):
a changed us a lot, um, gettingused to lifestyle here in Mexico
was that people tend to be a lotmore social in the US and I
think that this is a bigdownside of the US and Canada.
I.
Uh, people aren't, I'm sorryguys, but you're not as friendly
overall as people in LatinAmerica.
In the us.
(09:02):
You rarely, or ever actuallyknow your neighbor.
At least not well.
Um, maybe you'll know, you knowthat the couple people living
right next door or across thestreet from you and you, you
would've met them once or twice.
Um.
That's, that's totally differenthere.
I mean, we know almost all ofour neighbors on our entire
block and our golden retrieverdaisy back there actually seems
(09:26):
to have even more friends thanwe do.
We'll, we'll see somebody, youknow, riding a, riding a bike
when I'm out walking with Daisyand they'll be like, Daisy, how
are you?
And I'm like, hi.
I don't, I don't think I knowyou.
So she somehow maybe sneaksoutta the house at night to go
make friends.
I don't know.
Um, she's a very social dog,but, uh, yeah, I mean, people
are a lot more friendly here.
(09:47):
Uh, you're, you're meeting yourneighbors.
You, you know, people on a firstname basis, so you get invited
to baby showers and parties,baby showers, parties, like you
name it.
When we first had moved intothis neighborhood.
Uh, our neighbor in front of uswas like, Hey, let me invite you
to my sister's baby shower sothat you start getting to know
people and start making friends.
(10:08):
I remember being at the gym onetime.
I was in a dance class.
Uh, I was obviously not fromhere.
They know I'm Latina, but theyknow from my accent that I'm not
Mexican.
I'm, that I'm not from here.
So within five minutes everybodywas exchanging WhatsApp numbers
and inviting me out to coffee.
Uh, or for example, oh my gosh,during the holidays.
In Mexico.
I cannot keep up with the socialcalendar during the holidays.
(10:32):
I mean, we just do not have asocial battery, um, for this.
And, and it's like they'reenergizer bunnies with the
social calendars and the socialevents.
Sunday, forget it.
Sundays is for family.
Everybody's at their family'shouse.
Everybody's having parties.
Everybody's, um, you know, goingto go visit all the family
members in one place and, um,oh, and leaving a party.
(10:52):
Forget about it.
Latin goodbyes last almost aslong as the entire party.
It's true.
Yeah.
'cause you have to individuallysay goodbye to everybody.
Just like how you have toindividually say hello to
everybody when you arrive, uh,at the party.
So that's, that's something tokeep in mind.
Mexico's a very social country.
I've heard from a lot of otherexpats, both American and
(11:14):
Canadian, that they also tend tobecome a lot more social being
in Mexico, not just withMexicans, but also with other
Americans and Canadians because,um, and some Europeans, other
Europeans like.
Spanish, Portuguese, uh,Italian.
They're very social, just likeLatin Americans, but others not
so much.
They're a little bit morereserved, if you know what I
(11:36):
mean.
And when they come to Mexico andmove here, they too start
becoming mm-hmm.
A lot more social.
And they're like, I've, I'venever had such a.
Robust social calendar, uh, inmy life.
And we have a bonus one that Ijust thought of in terms of how
you change, and I think thisone's particularly for the
entrepreneurs and investors, uh,in the group, which is, uh, a
(11:59):
sense of optimism in theeconomy.
Yeah.
And making money and opportunityeverywhere.
Yeah.
Bank, even banks here pay youover 10% a PR on your.
Uh, on your money just todeposit it.
They're, they're giving you likea, like a 10% to 15% yield, like
for a savings account.
I mean, the, the opportunitieswith the stock market here with
(12:19):
other investments with realestate houses are growing by 10
to 12% a year in a lot of areacases as well in this area.
Yeah.
Yeah.
Um, so I think that's somethingthat's been very interesting
because, you know, coming fromthe US where things are.
Very chaotic right now in termsof the economy and also in
Canada and also in WesternEurope, to come to more of an
emerging market where things areactually growing and they're
(12:42):
going growing at a very rapidpace.
I mean, you just start seeingopportunity.
Everywhere left and right.
So if you have thatentrepreneurial mindset or you
have that investor mindset,there is a lot of opportunity
here in Mexico.
Now, should you keep all yourmoney in Mexico?
No, you shouldn't keep all yourmoney in any one country.
Uh, but.
There are definitely someinteresting opportunities here.
(13:05):
There is more of a sense ofoptimism, I think, uh, in people
than perhaps you're seeing inthe United States.
Like I go on Facebook and I seeall our American friends and
colleagues and all they're doingis complaining all day long.
And here in Mexico there's justmore of a sense of things are
improving in, in a way.
It doesn't mean that they don'thave concerns.
(13:26):
Uh, over corrupt governments andthings like that.
But generally speaking, there isa bit more of a sense of
optimism.
What would you have to say?
Because you've studied, youknow, for example, buying
businesses in the United Statesversus, versus Mexico, and
you've seen some majordifferences there.
Yeah, I, I mean, I think herebusinesses tend to stay in the
family a lot longer and likepassed on to kids and you don't
(13:47):
see as many opportunities were.
Let's say somebody's kid justdoesn't wanna work in the
business.
Um, so, so a lot more likefamilies working together and,
and multi-generations of that.
Uh, but business here, I mean,it, the, the consensus is like,
things are, things are prettysolid.
It's a good place to have abusiness there.
(14:07):
You don't see as many smallbusinesses, for example, going
outta business because ofregulation and taxes and it, you
know, increased costs.
It's just, there's, there's alot more of a local.
Family oriented kind of vibe.
You know, we go to the cornerstore, there's a butcher shop.
I mean, they're all likeindependently owned, right?
It's not like it's justWalmart's in every corner.
(14:28):
You can still get the Walmartand the Home Depot and whatever,
but you still have more of thatculture of small business.
Yeah.
And even if you want a biggerbusiness, for example, we were
just having lunch with someone,uh, the other day.
And her and her ex-husband builta business with 250 employees
here in Mexico.
So I think, and, and we werehaving this conversation where,
(14:49):
um, you know, for example,everybody thinks that the only
place to make money is theUnited States or Canada, or
parts of Western Europe.
And it's just not true.
Uh, especially not now.
Maybe, you know, 40, 50 yearsago we were looking at that, but
now.
We're starting to see a lot ofother countries, Mexico
included, starting to reallycatch up and people really
(15:10):
starting to make quite a lot ofmoney here, uh, in terms of
business opportunities and tothe point where we're now
starting to get involved more inthe re real estate relocation,
learning more how that gameworks because so many of you
have also noticed this aboutMexico and are asking us what
the opportunities are and.
(15:30):
How to find them.
So I would say, yeah, generalsense of economic optimism or at
least more so than what a lot ofwestern countries are
experiencing right now.
And that gives you a bit ofpeace of mind, you know?
Uh, but I will say, and you canadd to this, it's almost like
two different worlds that aregoing on right now.
Like our American friends, theyhave a certain perception of
(15:52):
reality and economics and howthings are going.
And then our Mexican friends.
Have like another perception ofeconomics and reality and how
things are going.
Mm-hmm.
So that was a little bit aboutwhat we've experienced
personally in terms of thedifferences here in Mexico, how
it's shaped our lives, ourexperiences, our personality.
And some of the things that youcan look forward to when you
(16:14):
move to Mexico as well.
If you're looking at gettingsome more support, we do have an
option available, which is ourconsultation.
Just go to entrepreneurexpat.com/consult and you can
find out all about that and bookyours today.
And don't forget to like thisvideo.
It helps us out a lot inreaching more people and
subscribe to our channel as wellif you're new here.
A lot of people have been askingus how our lives have changed
since moving to Mexico from theus.
In this video, we're gonna talka little bit about what some of
the things are that have changedin our lives and in our
personalities since moving toMexico and what you might
expect.
We'll change on your end aswell.
Welcome to Entrepreneur Expat.
(00:24):
I'm Amanda.
This is Justin.
And on this channel we teach youhow to move to Mexico and other
countries like Panama and CostaRica.
We also talk about how to makemoney online.
We talk about internationalbusiness opportunities and real
estate.
So if that's something that youguys are interested in, make
sure to subscribe and hit thenotification bell so you don't
miss say single video.
We have coming out on thischannel.
(00:45):
And also make sure to give thisvideo a, like, we have a mission
to get in front of 1 millionentrepreneur expats or aspiring
entrepreneur expats.
And one very easy, simple, andfree way that you can help us do
that is by giving a like.
To this video and if you haveany questions about moving to
Mexico specifically, we can nowhelp you with the process.
(01:06):
Everything from getting yourresidency to finding real
estate, and we were just havingconversations with some of our
colleagues last week aboutopportunities to buy businesses
in Mexico.
A lot of you have been askingabout these opportunities.
We get real estate inquiries.
Every week between YouTube andour personal Facebook pages, a
(01:27):
lot of you have asking aboutthings like insurance.
We've got all that stuff coveredin a database, so if you need
help with any of those things,just book a Move to Mexico.
Consult below, it's entrepreneurexpat.com/consult, and we can
use that call to kind of assesswhat your needs are, help you
get started, and create a planfor the next steps.
(01:50):
So what's the first thing thathappened when we moved to Mexico
in terms of our personalitiesand our beliefs and things that
changed?
I would say that the first thingwas that things really are a lot
slower pace here in the us.
Everything is really go, go, go.
You're constantly trying to keepup with your neighbors.
Look good, get the next thing,move on to the next goal Here.
(02:12):
There's a lot more holidays, uh,there's a lot more time off.
The pace is generally laid back.
You, you hear the word manana alot and I, I think we talked
about this a little bit in someof our other videos, but manana
could mean tomorrow, which itliterally means, it might mean
next week.
It might mean remind me in a fewweeks and maybe I'll get around
to it eventually.
(02:34):
So you just have to understandthat things, things really do
slow down a little bit.
You're not gonna necessarilyhave the same efficiencies as
you do in the us.
It might take a little bitlonger to.
Pay taxes on a package that youreceive or perhaps get your, uh,
issues with the electric billsorted out or what have you.
(02:54):
Yeah, and I would say thatthat's definitely shifted in
terms of our lives, but I alsothink that's a major opportunity
because we've learned to slowdown, but.
Only a teens, sea wing, sea bitwhen it comes to business.
We're actually speeding up, uh,in a lot of ways.
But I will say that in the firstcouple years, it's almost like
you wanted to be on vacation allthe time because, um, things are
(03:17):
much slower here.
And I think if you're comingfrom the US or Canada or parts
of Western Europe, it's almostlike your, your nervous system
starts to detox a little bit andkind of forces you to slow down.
And then you start to speed up.
Uh, again, but that's'causewe're entrepreneurs.
We like business, we likemeeting people, we like to be on
the go, but generally speaking,yeah, you learn to move, uh, a
(03:40):
lot slower and you also learn toroll with the punches a lot
more.
So let's talk a little bit, uh,about that, because I know that
can be challenging forwesterners that are moving to
Mexico.
Absolutely.
Yeah.
So, so here you definitely.
I, I would say that thelandscape for business is a lot
(04:01):
easier.
Like there's less regulation.
Um, it's easier to start abusiness.
Uh, you, you don't have to do asmuch administrative stuff on the
business end, but on thepersonal side, a lot of those
things actually are even morecomplicated or slower than in
the us.
One example, like I mentionedjust now is like you, let's say
you receive a packageinternationally and you have to
(04:22):
pay taxes.
You're gonna get hit with a lotof just random things like that,
that in the US it's like, okay,you owe, you owe some import
tax.
You probably just get billed.
When you buy the thing, or maybeyou go to the website on, on
UPS, you pay it and then it getsdelivered or whatever.
Here, if you send it with, um,the postal service, which is the
(04:44):
only way that you can receivethings with batteries, for
example, you have to send itthrough, let's say if it's from
the US through USPS and then resin Mexico, which is their
version of the postal service,which I try to avoid whenever I
possibly can, but most of thetime if, if you're doing
electronics, you can't avoid it.
And so if you owe a tax.
You go there, they give you alittle note, you have to go
(05:04):
physically to the postalservice, uh, after you go to the
bank and pay it.
So if you actually get the noteat your house, which the first
package we got that we had topay taxes on, and we did not
receive the note at all.
Um, so we had to go to thepostal service with the
trackings thing, say, Hey, doyou guys have this?
After about 15 minutes oflooking for it.
Yeah, okay.
We have it here, but we can'trelease it until the tax is
(05:26):
paid.
And then they write down, theycan't even print it out.
They write down the numbers.
You gotta take the, the seriesof numbers to the bank.
So I go to the bank, it was aSaturday that went to one of the
only banks that was open in theneighborhood on a Saturday.
And they said, no, you have tocome back Monday'cause we can't
take tax payments on a Saturday.
I'm like, but you're open.
No, no, no.
It's'cause of the government.
We have to call them whatever.
(05:47):
We can't take your tax payment.
So then I had to come back.
So now I'm about three hoursinto this.
Adventure of receiving onepackage.
'cause there was, you know, a$30tax due on it or something.
So then I need to go back tothat bank on a Monday, pay the
thing with cash, and then goback to the postal service, wait
around another 20, 30 minutes inline for them to find it,
(06:09):
whatever.
After paying it and then Ifinally get my package.
So it's about day four or fiveafter, um, realizing that it
wasn't delivered at my.
At my house and that, uh, it wasbeing held.
So yeah, four or five days.
There's just stuff like that.
I dunno if you have any other.
Other examples that you'vestated?
Yeah, I do actually.
Immigration, so we were lookingat expat groups the other day,
(06:30):
and I got interested in thistopic because we just got
married and one of the thingsthat we were debating was
whether or not I should take hislast name.
I would like to take your lastname, but the immigration
lawyers advised against it, andthe reason they advised against
it was because I, we eachalready had our residency here
in Mexico.
So if I go through a namechange.
(06:51):
It is gonna be a nightmare.
Yeah.
It'll complicate things evenmore than just having to do all
the reporting and everything ofthe marriage in Mexico.
Yeah, and it's interestingbecause yesterday I was hanging
out in some of the expat groupson Facebook, and a lot of women
were running into issues withimmigration because they took on
their, and they're married toMexican men, but they had taken
on their husband's last namebecause that's the custom in the
(07:14):
United States.
States, but in Mexico, peopledon't change their last names.
You have, uh, the paternal lastname and the maternal last name
for your whole life, and itdoesn't change when you get
married.
So their system is based on thepaternal last name and the
maternal last name.
So a lot of them were runninginto issues because on their
birth certificate, they havetheir maiden name, but then when
they got married, they took ontheir husband's name, and then
(07:35):
immigration was caught givingthem a whole bunch of problems
over it.
So our lawyers advised usagainst me changing, uh, my last
name.
To my married name and we werelike, you know what?
If we're gonna be doing theinternational lifestyle and
having residencies and passportsand things, uh, that's probably
a good idea.
So I would say that's anotherexample I've seen recently, uh,
(07:57):
where it's just kind of like,uh, not as efficient, right?
So you, you learn to roll withthose punches a whole lot more.
And I would say generally, ifyou're traveling a lot or living
in any other country, you will.
Tend to roll with the punches,uh, a lot more, especially if
you're a westerner because we'reaccustomed to a certain sense of
efficiency that perhaps does notexist, uh, in other countries.
(08:20):
Yeah, and especially in LatinAmerica.
I mean, you go to Europe, maybeyou'll have a little bit more
luck other than perhaps Spain orItaly.
Getting, yeah, getting thingsdone quicker.
But Latin America is notoriousfor just being much more of
relaxed, as we say here.
So number three, the, the otherthing that we noticed changed us
(08:42):
a changed us a lot, um, gettingused to lifestyle here in Mexico
was that people tend to be a lotmore social in the US and I
think that this is a bigdownside of the US and Canada.
I.
Uh, people aren't, I'm sorryguys, but you're not as friendly
overall as people in LatinAmerica.
In the us.
(09:02):
You rarely, or ever actuallyknow your neighbor.
At least not well.
Um, maybe you'll know, you knowthat the couple people living
right next door or across thestreet from you and you, you
would've met them once or twice.
Um.
That's, that's totally differenthere.
I mean, we know almost all ofour neighbors on our entire
block and our golden retrieverdaisy back there actually seems
(09:26):
to have even more friends thanwe do.
We'll, we'll see somebody, youknow, riding a, riding a bike
when I'm out walking with Daisyand they'll be like, Daisy, how
are you?
And I'm like, hi.
I don't, I don't think I knowyou.
So she somehow maybe sneaksoutta the house at night to go
make friends.
I don't know.
Um, she's a very social dog,but, uh, yeah, I mean, people
are a lot more friendly here.
(09:47):
Uh, you're, you're meeting yourneighbors.
You, you know, people on a firstname basis, so you get invited
to baby showers and parties,baby showers, parties, like you
name it.
When we first had moved intothis neighborhood.
Uh, our neighbor in front of uswas like, Hey, let me invite you
to my sister's baby shower sothat you start getting to know
people and start making friends.
(10:08):
I remember being at the gym onetime.
I was in a dance class.
Uh, I was obviously not fromhere.
They know I'm Latina, but theyknow from my accent that I'm not
Mexican.
I'm, that I'm not from here.
So within five minutes everybodywas exchanging WhatsApp numbers
and inviting me out to coffee.
Uh, or for example, oh my gosh,during the holidays.
In Mexico.
I cannot keep up with the socialcalendar during the holidays.
(10:32):
I mean, we just do not have asocial battery, um, for this.
And, and it's like they'reenergizer bunnies with the
social calendars and the socialevents.
Sunday, forget it.
Sundays is for family.
Everybody's at their family'shouse.
Everybody's having parties.
Everybody's, um, you know, goingto go visit all the family
members in one place and, um,oh, and leaving a party.
(10:52):
Forget about it.
Latin goodbyes last almost aslong as the entire party.
It's true.
Yeah.
'cause you have to individuallysay goodbye to everybody.
Just like how you have toindividually say hello to
everybody when you arrive, uh,at the party.
So that's, that's something tokeep in mind.
Mexico's a very social country.
I've heard from a lot of otherexpats, both American and
(11:14):
Canadian, that they also tend tobecome a lot more social being
in Mexico, not just withMexicans, but also with other
Americans and Canadians because,um, and some Europeans, other
Europeans like.
Spanish, Portuguese, uh,Italian.
They're very social, just likeLatin Americans, but others not
so much.
They're a little bit morereserved, if you know what I
(11:36):
mean.
And when they come to Mexico andmove here, they too start
becoming mm-hmm.
A lot more social.
And they're like, I've, I'venever had such a.
Robust social calendar, uh, inmy life.
And we have a bonus one that Ijust thought of in terms of how
you change, and I think thisone's particularly for the
entrepreneurs and investors, uh,in the group, which is, uh, a
(11:59):
sense of optimism in theeconomy.
Yeah.
And making money and opportunityeverywhere.
Yeah.
Bank, even banks here pay youover 10% a PR on your.
Uh, on your money just todeposit it.
They're, they're giving you likea, like a 10% to 15% yield, like
for a savings account.
I mean, the, the opportunitieswith the stock market here with
(12:19):
other investments with realestate houses are growing by 10
to 12% a year in a lot of areacases as well in this area.
Yeah.
Yeah.
Um, so I think that's somethingthat's been very interesting
because, you know, coming fromthe US where things are.
Very chaotic right now in termsof the economy and also in
Canada and also in WesternEurope, to come to more of an
emerging market where things areactually growing and they're
(12:42):
going growing at a very rapidpace.
I mean, you just start seeingopportunity.
Everywhere left and right.
So if you have thatentrepreneurial mindset or you
have that investor mindset,there is a lot of opportunity
here in Mexico.
Now, should you keep all yourmoney in Mexico?
No, you shouldn't keep all yourmoney in any one country.
Uh, but.
There are definitely someinteresting opportunities here.
(13:05):
There is more of a sense ofoptimism, I think, uh, in people
than perhaps you're seeing inthe United States.
Like I go on Facebook and I seeall our American friends and
colleagues and all they're doingis complaining all day long.
And here in Mexico there's justmore of a sense of things are
improving in, in a way.
It doesn't mean that they don'thave concerns.
(13:26):
Uh, over corrupt governments andthings like that.
But generally speaking, there isa bit more of a sense of
optimism.
What would you have to say?
Because you've studied, youknow, for example, buying
businesses in the United Statesversus, versus Mexico, and
you've seen some majordifferences there.
Yeah, I, I mean, I think herebusinesses tend to stay in the
family a lot longer and likepassed on to kids and you don't
(13:47):
see as many opportunities were.
Let's say somebody's kid justdoesn't wanna work in the
business.
Um, so, so a lot more likefamilies working together and,
and multi-generations of that.
Uh, but business here, I mean,it, the, the consensus is like,
things are, things are prettysolid.
It's a good place to have abusiness there.
(14:07):
You don't see as many smallbusinesses, for example, going
outta business because ofregulation and taxes and it, you
know, increased costs.
It's just, there's, there's alot more of a local.
Family oriented kind of vibe.
You know, we go to the cornerstore, there's a butcher shop.
I mean, they're all likeindependently owned, right?
It's not like it's justWalmart's in every corner.
(14:28):
You can still get the Walmartand the Home Depot and whatever,
but you still have more of thatculture of small business.
Yeah.
And even if you want a biggerbusiness, for example, we were
just having lunch with someone,uh, the other day.
And her and her ex-husband builta business with 250 employees
here in Mexico.
So I think, and, and we werehaving this conversation where,
(14:49):
um, you know, for example,everybody thinks that the only
place to make money is theUnited States or Canada, or
parts of Western Europe.
And it's just not true.
Uh, especially not now.
Maybe, you know, 40, 50 yearsago we were looking at that, but
now.
We're starting to see a lot ofother countries, Mexico
included, starting to reallycatch up and people really
(15:10):
starting to make quite a lot ofmoney here, uh, in terms of
business opportunities and tothe point where we're now
starting to get involved more inthe re real estate relocation,
learning more how that gameworks because so many of you
have also noticed this aboutMexico and are asking us what
the opportunities are and.
(15:30):
How to find them.
So I would say, yeah, generalsense of economic optimism or at
least more so than what a lot ofwestern countries are
experiencing right now.
And that gives you a bit ofpeace of mind, you know?
Uh, but I will say, and you canadd to this, it's almost like
two different worlds that aregoing on right now.
Like our American friends, theyhave a certain perception of
(15:52):
reality and economics and howthings are going.
And then our Mexican friends.
Have like another perception ofeconomics and reality and how
things are going.
Mm-hmm.
So that was a little bit aboutwhat we've experienced
personally in terms of thedifferences here in Mexico, how
it's shaped our lives, ourexperiences, our personality.
And some of the things that youcan look forward to when you
(16:14):
move to Mexico as well.
If you're looking at gettingsome more support, we do have an
option available, which is ourconsultation.
Just go to entrepreneurexpat.com/consult and you can
find out all about that and bookyours today.
And don't forget to like thisvideo.
It helps us out a lot inreaching more people and
subscribe to our channel as wellif you're new here.
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