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Resources for full- or part-time life in Mexico

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The Life-Altering Antidote to Job-Hunting for the Over 55: Moving to Mexico

 
job listing in the U.S,.

(Real life. Denver at least has a low-unemployment rate)

Those of you who are over 55 and have found yourself in the job market have probably run across Kerry Hannon, an author, columnist, and expert on retirement and job-hunting post 50.

First off, let me say I like the spunky Ms. Hannon. Hers is a necessary voice pumping up mid-lifers who have found themselves trying to find a job in an apologetically ageist society.

She admonishes women to get used to managing for their financial future, regardless of their interest or comfort level in topics like investing, which should be addressed as core subjects, not electives in the school of survival.

Her audience slants unjustly to women. Most of her advice would apply to anyone looking for a job regardless of age or sex. Tips include timeless gems (The hint of sarcasm is not your imagination) such as

  • Go to where the jobs are

  • Get the skills

  • Do the job, even if you volunteer first

She advocates starting a business over 55. Who doesn’t realize at this age how capricious having a job is? 

A change of company leadership, automation, or company closing can put you out of work, perhaps permanently if you're over 50. Having your own business gives many (the illusion of) control.  For those with a three-year runway, starting a business beats out other options for many reasons; self-esteem, a sense of purpose, and gaining new technical skills. 

There will always be a place in the marketplace for Hannon’s perky message: All you need to do is think young, plan and prepare. This is America after all, the place where If you work hard enough and educate yourself, even you can get a shiny new job.

(Baby Boomers gobble this fifties-era idealism up by the shovelful. I doubt Ms. Hannon has much of a following among Millennials)

Some of her creative ideas for jobs are home modification pro, drivers for retirement homes, and becoming a move-manager for people who are downsizing their homes.

As you’d expect from any good coach, she tells you to get spiritually and physically fit. Exercise, meditate, and above all save your money (with all that implies).

"Hope without critical thinking is naiveté" - Zadie Smith, British novelist and essayist.

I’ve never seen an ad for “home modification pro” or “move manager in a job posting. Here is a more realistic job listing:

job listings u.s.

Reading Hannon’s books would likely improve your mood for awhile regarding your job search. What it won’t do is change society or our economy.

Hope is a good breakfast but a bad supper - Francis Bacon, English statesman

As a former recruiter for over 20 years who worked with hundreds of hiring managers, I know. The job of the world is to brush away the old and make way for the new.  

You read a great deal these days about “fighting ageism” on Baby Boomer websites. The time to fight ageism was when you were young and hiring people yourself. Otherwise, no one is listening. Sorry. We participated. As a now-over-60 retired senior executive refreshingly confessed to me, "Hell, I think I invented it."

The facts

It’s tempting to feel hopeful with an official 4.1 unemployment rate unless you already know how flawed reported unemployment rates are.  

If a person worked even one hour a week at minimum wage, for example, they are considered employed by the government.  The official unemployment rate discounts people who have not actively looked for work in four weeks. It discounts people who have “stopped looking.” 

Contrary to popular belief, their data comes from surveys of a mere 60,000 people a month,  not from who is receiving unemployment benefits as many people believe. The unemployment rate discounts several categories, including students (many of whom have gone back to school because they can’t find jobs)

A better gauge of the real unemployment rate is provided by the Economic Policy Institute, which tries to estimate “missing workers,” those who have would be looking if the opportunities for a decent job (read: a living wage) were stronger, those who have ‘given up.”

An astonishing 57% of missing workers are between 55 and 64. Another 13.4% are between 65 and 74. Added up, that means 70.4% of missing workers are over 55.

A 63-year-old friend of mine recently lost his $250,000 executive job. He is substitute teaching for about $19,000 a year. (He was crushed initially when he “couldn’t even get a job at a bike shop.” (As if that’s not a plum job!) His skill level is obviously high. Another is an association executive trying to get a secretarial job. The list goes on and on and assuredly includes many of your friends.

Many, many talented, educated, creative older people are driving Uber and patching together $ 18-hour contract work. A few have gotten soul-crushing back-office work. They have solid credentials and lifelong habits of success. Those traits haven't mattered. Not one bit. 

It’s bitter fruit. A long-term diet of it makes even the most positive person angry, their personalities fundamentally changed after decades of producing great work.

As a reformed purchaser of motivational books, I’ve learned that in spite of all this positive thinking, without specialized background like healthcare and or an advanced degree, your odds as a 55+ job seeker are not good. In fact, they are terrible.

I’m aware that no Baby Boomer website editors are going to be knocking my doors down for interviews and gushing over me as they do Ms. Hannon for saying it, but I’ve earned the right.

At 55, I had confidently been following all the rules as espoused by people like Ms. Hannon for five years; continuing education, networking, technical-skill updating, working out, paying coaches and volunteering. I’d teethed on “What Color Is Your Parachute?” as a college graduate. I’d successfully transitioned careers three times. I was a believer.

Taking into account my cost of living while I hunted for a job, I wish now I’d cut bait and moved to Mexico at least two years sooner. Another side of the equation that’s never brought up is the cost of living in the United States during a fruitless career search. 

When you are unemployed you carry the cost of daily living and the costs of the job hunt itself.  How I rue the hundreds of dollars a year I spent on professional conferences, career coaching, mandatory donations to organizations on whose boards I served, and buying “influencers” lunches. 

Looking back, I feel both sad and stupid. Irrationally, illogically, I can’t shake the feeling of having been laughed at. 

I’m the Anti-Kerry (not in the “against-her” sense, but rather as in an “antidote-to” sense)

Most people don’t believe they can move to a cheaper country (although they do believe in vocational pink ponies). For them I recommend Kerry Hannon,  

For those of you who have run out of ideas (the photo-album business, selling jams and crafted soaps at festivals), the undeniable fact is that you can reduce your cost of living substantially living in a cheaper country, even part-time.  If nothing else, you can save money until you figure it out.

Other than electronics and imported goods, a good rule of thumb on the cost of living in Mexico is that you will pay half of what you pay in the U.S. for almost everything. When it comes to drugs and dentists, those may be a fraction of what you spend in the U.S.

If you are working at a dreadful low paying job in the United States that only covers half the bills and going into your savings to maintain a respectable quality of life, you might trade that in for an unemployed life in Mexico for the same price. It’s the choice many expats have made.

What others like to call “giving up,” expats define as leaning into a life of greater simplicity, finally learning another language and enjoying a new cultures's surprising gifts.

Working remotely

If you have to work, it is possible to find a way to earn American dollars in Mexico working remotely. A data entry or transcription job at $15.00 an hour working from Mexico is a lot more palatable when you can go out to a nice dinner on it.

Many companies these days allow telecommuting and others will if they can be convinced of the cost savings they might achieve. If you are currently in a job that allows you to complete some of your work without the requirement of personal interaction with customers, you may be in the perfect position to approach your boss about allowing you to workfrom home.

From there it's a grooming process, for you both. You have to develop skills to indicate you can be trusted. You have to groom your boss into accepting your proposal.  If you live in a hub city with direct flights to Mexico's major cities, you might be able to come back affordably every few months if need be.

If you have specialized experience in healthcare, legal, pharmaceutical, accounting or educational fields, or have whiz bang technical administrative skills, the website Virtual Vocations has guides to telecommuting in those industries.  Look for their "Telecommute tool-kit."

Starting an online business

If you start your own business, business tax deductions are portable. You can take them with you no matter where you’re working. 

In a cheaper country, the tax deductions alone might make it worthwhile to start a business, even without income for a few years. Combined with drawing less money from savings, business deductions might reduce your taxable income enough to qualify for ACA or other medical subsidies if you need to retain American health insurance coverage. 

If you need to, you can live very comfortably on in Mexico in a tax bracket that would probably be demoralizing in the U.S.  If you're relatively comfortable in the U.S., you can take it up a notch.

Even as much as it’s touted, Mexico's lower cost of living is under-rated

Most articles about living in a cheaper country don’t go far enough in conveying what a lower cost of living really means, the lighter weight you feel on so many levels, every day. For the first time in years, you may actually exhale. 

You don’t feel guilty about the cappuccino because it just cost $2.50, or going out to dinner. Even my wealthy friends in the U.S. get anxious over the cost of living in the United States, mira a ver what’s it’s like for all of those who agonize over ordering a signature cocktail rather than a highball.

Things don’t only cost less in Mexico, you spend less in a less materialistic, less consumer-driven society. 

People underestimate the influence marketing has on our spending habits in the U.S. Don’t believe me? Go to a Whole Foods store and try to buy just a gallon of milk.

The numbers

The bare-bones budget calculations below are just to give you an idea of the basic cost of living in Mexico for a year. 

It doesn’t include meals outs, drinking, home improvements (which you might even make if you rent), dental services, clothing, sight-seeing within Mexico, or the now-affordable luxuries like massages.

Rent @ $600 a month (very nice area)                        $7,200
Food @ $75 a week ($300                                                  3,600
Internet/cable                                                                          600
Transportation (buses/Uber @$150/mo)                     1,800
Entertainment ($100/mo)                                                  1,200     (which will go further in Mexico)

Health Insurance (IMSS)                                                   600
Trips home  (2)                                                                       800      
Total                                                                                        15,800
                                                                                   
Tax bracket 10%                                                                    1,580

(if you have a business, tax deduction should will lower your taxes)

Total net income needed                                              $17,380

Here are more detailed budgets, one from a blogger in Puerta Vallarta, and an article from the Yucatan Times.

What's your realistic outlook?

If your lifestyle costs $70,000 in the U.S, it will cost $35,000 in Mexico. Throwing the dice, what are your chances of getting a job for $70,000 next year?  

Will you get lucky and secure a dismal, exhausting job for $33,000 (with its 45.7% chance of providing healthcare coverage) and still take thousands out of your savings to supplement that? Or will you be one of the 15% of people participating in the gig economy, doing contract work for $15-20 with no benefits?

If you have even some money saved, for the love of all things holy...Why?

Move to Mexico, or Panama, or Belize. Start a business like photography or some other business you can do from a laptop. If you don’t have the savings to carry you through the first few years of starting a business, concentrate now on finding a job you can do from Mexico, where you really can live on $17.00 an hour.

Take a look at a few expat forums. Read what they say, the nutty yet beautiful and serene lives they live. Take a look at the more of the budgets they post. They are accurate. 

The definition of insanity is doing the same thing over and over and expecting a different result. This can apply to anything, including job hunting over 55. 

Don’t lose hope. Re-frame it from a cantina in Mexico.

Related links:

One of my favorite blogs is "For the Interested." Here,  Josh Spector tells us how to "Rewrite Our Own Stories."

You might save money just moving to a cheaper city in the U.S. Why I didn't.

More details on  remote work you can do from Mexico - Ventanas Mexico

The retirement crisis is real, just like they've been telling you all along. Ventanas Mexico

 Related link:

How to inch your way towards working in another country in the future? Start working remotely today. Ventanas Mexico.

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About the author:

Hola,  I'm Kerry Baker and a partner with Ventanas Mexico as well as author of two books. The first is the "Interactive Guide to Learning Spanish Free Online.

This book curates the great, buried language tools on the web, many of the sites are in Spain, and lays them out into lesson plans by level. I use it almost every day to create individualized sessions that will keep me motivated. Study from your tablet, e-read or laptop (I adore my Acer Aspire).  Spanish changes your life in Mexico. The time to start is now, before you go.

My second book is "If Only I Had a Place," on renting luxuriously for less in Mexico, all the advantages and potential pitfalls of renting in a culture far more based on reputation than regulation.

The book has a listing of on-the-ground rental concierges in all the big expat destinations. Many of them have been profiled in my blogs.