logo
My husband and I left our stable income of over $200,000 and moved to Mexico. I've never had so much freedom over my life — it's a blessing.

My husband and I left our stable income of over $200,000 and moved to Mexico. I've never had so much freedom over my life — it's a blessing.

Yahoo15 hours ago
Tired of chasing the American dream, Bianca Ramos and her husband moved to Mexico in 2024.
They both earned six figures in the US, but since moving to Mexico they've downsized their life.
Since the move, Ramos has more time to spend with her children and feels less stressed.
This as-told-to essay is based on a transcribed conversation with 36-year-old Bianca Ramos about moving from the US to Mexico. The following has been edited for length and clarity.
My husband and I are both Mexican-American. In our culture, we were taught to put our heads down and work hard to make a name for ourselves.
We both made six figures, so our household income was over $200,000, but I don't know if we were really happy.
My father-in-law moved to America so my husband and his siblings could build a better life. When my husband and I got married in 2018, our aim was to keep pursuing the American dream by moving up the corporate ladder.
But we were stressed and exhausted. It felt like no matter how hard we worked, it would never be enough to meet our American dream.
In 2024, we moved our family to Mexico. We're earning less money and downsized our lifestyle, but I have more time with my kids and get to redefine what success means to me. It's been worth it.
I started to struggle with the idea of the American dream
In the US, I pursued a career in HR, focusing on inclusion and diversity. My husband worked in sales.
Before kids, all I thought about was moving up the corporate ladder. I had a vision to be a VP of HR.
We bought a four-bedroom house in Austin. He drove a Tundra, and I drove an Audi. A lot of our money was spent on paying the nanny for our two kids.
I felt pressure to keep upgrading our lives: a bigger house, nicer cars, and more things, because that's what I thought success was.
Every upgrade meant working harder and losing time with my kids.
We initially struggled to have children. We finally had our son in 2021 and daughter in 2022. Having my son completely shifted my values. Time with my children felt more important than working in a corporate job to afford more stuff.
We decided to leave the US
Although I worked remotely in the US, back-to-back meetings made spending time with my kids difficult.
Around the same time, I also started thinking more about my identity as a Mexican-American. We began to think moving to Mexico could help our kids understand more about their cultural identity.
In 2022, my husband and I started talking about leaving America.
We spent two years having long conversations about moving. We cut back on our finances, started saving, and got our documentation for moving to Mexico. We slowly sold our things, including both of our cars, and put our house up for rent.
We both handed in our resignations and moved to Mexico in August 2024.
Telling our families was difficult. My husband's family left Mexico to come here, so sitting them down and saying we were moving back was terrifying. We were afraid they'd feel like we were failing them.
We've made sacrifices financially
My husband, who dabbled in day trading before the move to Mexico, has decided to pursue it full-time. His pay is less predictable, but the flexible hours mean he can spend more time with us.
When I resigned from my job, my company offered me the option to move to a part-time, remote role with them. Now, I have the flexibility to focus on my family while also pursuing content creation. My ultimate goal is to build an online community for people who want more freedom and balance in their lives.
We make $2,400 from renting out our house in the States, but our professional incomes are less than they were in the US. Both of our businesses are in their infancy, but we have a big vision for our future.
We don't consume just to consume anymore. In the States, I enjoyed interior design and filling my house with stuff, but in Mexico, my kids share a room and the decorations don't match like they used to. Having everything looking pristine is no longer important or financially realistic.
While most things are less expensive in Mexico than in the States, branded shoes and clothing are more expensive here.
We live in a two-bedroom condo in Playa del Carmen, which is smaller than our old home. We pay $1,300 a month for rent, which is less than our monthly mortgage payment. We live a 10-minute walk from the beach, and our kids love sharing a room. It's made me realize we never needed a big house to begin with.
I'm redefining success outside the corporate ladder
My life's taken a dramatic turn. I have more time to be present with my children because I'm not stressed and always checking my emails.
I've never had so much freedom. I'm responsible for creating my own success and pursuing my business dreams. It's a blessing to be able to grab control of my life.
In the US, work is always a part of your identity. When you meet new people, the first thing they'll ask is what you do. In Mexico, people work to live instead of living to work. When you meet people, they ask about your family or invite you for a drink.
Walking away from my corporate dreams was one of the hardest things I've had to do. I worked so hard to get to where I was, and had more climbing to do. But I'm glad I'm betting on myself and redefining what the future looks like for me and my family.
Do you have a story to share about leaving America? Contact this reporter at ccheong@businessinsider.com.
Read the original article on Business Insider
Solve the daily Crossword
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Santander's quarterly profit hits record as fees offset weak Mexico and Brazil
Santander's quarterly profit hits record as fees offset weak Mexico and Brazil

Yahoo

time6 minutes ago

  • Yahoo

Santander's quarterly profit hits record as fees offset weak Mexico and Brazil

By Jesús Aguado MADRID (Reuters) -Santander on Wednesday said its second-quarter net profit rose 7% on the year as higher fees and lower provisions offset a decline in Brazil and Mexico due to currency depreciations. The euro zone's largest bank by market value reported a record fifth consecutive quarterly net profit, reaching 3.43 billion euros ($3.96 billion) in the April to June period, slightly exceeding analysts' expectations of 3.36 billion euros from a Reuters poll. It also announced a new share buyback of 1.7 billion euros set to begin on Thursday, representing around 25% of the group's profit in the first half of 2025. The buyback is part of its previously announced 10 billion euros programme for 2025 and 2026. The bank has benefited in the past from higher interest rates, while growth in key Latin American markets such as Brazil has given it an edge over more Europe-dependent rivals. However, quarterly net profit in Mexico, its fourth-biggest market, fell 6.8% against a backdrop of geopolitical risks stemming from U.S. trade tariffs, particularly in that market, due to the depreciation of the Mexican peso, while net profit in Brazil, its second-biggest market after Spain, fell 16%. A 2.4% rise in fees and a decline of 3.2% in provisions helped lift Santander's return on tangible equity ratio (ROTE), after the impact of additional Tier 1 (AT1) capital instruments, a measure of profitability, to 16.2% in the quarter, compared with 15.8% at the end of March. It said it was on track to meet its target of around 16.5% this year. It said it was also on its path to meet its full-year revenue target of around 62 billion euros, while its core Tier-1 capital ratio rose 10 basis points from the previous quarter to 13% by end-June, at the top end of the bank's operating range of 12% to 13% after achieving the 2025 target ahead of schedule. ($1 = 0.8669 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Why the 'Buy America' trade is back
Why the 'Buy America' trade is back

Yahoo

timean hour ago

  • Yahoo

Why the 'Buy America' trade is back

US stocks are back on a winning streak, hitting several record highs in recent weeks. One big reason is that the 'sell America' trade is over, and American businesses now seem set to outperform again. The first four months of 2025 were an American sell-off story. President Trump began announcing new tariffs on imports shortly after taking office in January, as expected. But the severity of those import taxes surprised investors, triggering a sell-off in US stocks and bonds alike. That was unusual, given that US Treasury securities are typically the safe-haven asset investors buy when American stocks seem too risky. The two charts below show the divergence in US and foreign stocks. Through the end of April, US stocks were down 7.5%, while foreign stocks were up 4.6%, for a total US underperformance of 12.1 percentage points. American stocks are now clawing back ground. During the past three months, US shares rose 15.1% while foreign shares rose 7.6%. 'Foreigners love American securities,' economist Ed Yardeni of Yardeni Research declared in a July 21 analysis. The recovery in US assets is happening as Trump announces trade agreements that remove some of the uncertainty about the cost of importing and exporting hundreds of billions of dollars' worth of goods in the coming months. That's clearly fueling an upbeat mood among there's a lot more going on. Stocks rise or fall based on investor assessments of corporate profitability. And many American firms have been signaling that they can manage the Trump tariffs with a minimal hit to profits as they announce earnings results for the second quarter. 'The early batch of Q2 earnings calls reflected a broadly resilient tone,' Mehmet Beceren of Rosenberg Research wrote in a July 25 report. 'Companies across sectors (including industrials, consumer staples, and health care) emphasized proactive mitigation strategies and operational agility.' That's a credit to the remarkable ability of big American companies to adapt to challenges and protect profits. Read more: Live coverage of corporate earnings American firms also look better in comparison with their global competitors, which also face pressure from Trump's tariffs, on the other end of Trump's trade talks. While Trump's import taxes raise costs for American businesses that need imported products, they also create pressure for foreign firms selling to the United States to lower their own prices. Those firms could face more competition at home if part of the trade deal involves more access for US companies to foreign markets. Trump's tariffs may also slow worldwide growth, hitting revenue and profits across the board. In that light, some foreign markets may now seem a bit more vulnerable than they did a few months ago. Tom Lee, co-founder of investing firm Fundstrat, pointed out in a recent video presentation that American stocks have broadly outperformed the rest of the world since 2019. 'That was broken because of the tariff wars," he said. "But I think the trend has actually resumed. And one reason for that is earnings growth.' Some firms are reporting financial harm caused by tariffs, but overall profitability among US firms seems to be holding up. With about 40% of firms reporting second quarter earnings so far, FactSet points out that an average net profit margin of 12.3% is above the long-term average. If that sticks, it will be the fifth consecutive quarter with a net margin above 12% for the S&P 500 (^GSPC) index of US firms. Analysts expect profitability to get even better during the next two quarters. Investors shunning US stocks a few months ago may now be buying out of FOMO. The sell-off in US bonds has also abated. The 10-year Treasury rate rose about six-tenths of a point from early April to mid-May, just as Trump's dramatic tariff threats were roiling markets. That was an unusual move, since investors typically buy Treasurys as a safe haven when there's market turmoil, and more buying pushes rates down. The rise in rates indicated that buyers were selling as if they had lost faith in the whole US market. Read more: What is the 10-year Treasury note, and how does it affect your finances? If they did, they've gotten religion again. Yardeni points out that foreign purchases of US government securities hit a record pace for the 12 months ending in May. 'Foreigners remain very kindly disposed to buying US securities,' he wrote. Rates, in turn, have declined, with the 10-year falling from 4.6% on May 21 to 4.34% in late July. Whether America is back for good or just for a while remains an open question. There's still plenty to worry about. Trump's tariffs haven't reignited inflation yet, but with the average tax on imports jumping from 2.5% at the start of the year to about 20% now, higher prices for some products are certainly in the pipeline. Many economists think inflation, currently 2.7%, could rise to around 4% by year-end. Businesses and consumers are taking that risk in stride, for now. But there's also a hiring slowdown, with rising odds of 1970s-style 'stagflation' materializing. Massive amounts of federal borrowing are also putting upward pressure on interest rates and making federal finances ever more precarious. Some economists thought the spring sell-off in Treasurys was the start of a debt crisis. It could still unfold that way, given that some financial crises start off slowly, then happen quickly. For now, the consolation may be that everybody else has problems too. Rick Newman is a senior columnist for Yahoo Finance. Follow him on Bluesky and X: @rickjnewman. Click here for political news related to business and money policies that will shape tomorrow's stock prices. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Gold prospector's discovery in Aussie town linked to pirate folklore
Gold prospector's discovery in Aussie town linked to pirate folklore

Yahoo

time2 hours ago

  • Yahoo

Gold prospector's discovery in Aussie town linked to pirate folklore

A piece of silver associated with pirate folklore has been extracted from a dig site in a quiet Australian town. Prospector Angus James was searching for treasure in Stawell, 237km northwest of Melbourne, when he found half a Mexican 8 reales coin. 'I first thought it might have been a half crown, but then I thought why is it cut in half? I was looking for the other half and couldn't find it, so I took it home and washed it clean,' he told Yahoo News. Mexican 8 reales were linked to the term 'pieces of eight' because they were cut into quarters and traded for their weight in silver. Mexico originally used Spanish silver dollars, which carry the same nickname, but the nation created its own version in the 1820s following independence. The first Spanish reales were struck in 1497, and the coin eventually became the preferred international currency, making it desirable to traders. On the other side of the world, in the colony of NSW, Governor Lachlan Macquarie ordered 40,000 of them in 1812, and refashioned them with new markings. Spanish reales were used until 1869, and in Mexico until 1897. The currency captured the imagination of children around the world after it was featured in the novel, Treasure Island. The book featured a parrot named Captain Flint, who squawked the phrase 'pieces of eight'. $20,000 in hidden gold: Aussie prospector reveals secret maps to find fortune Rare coins or $100 million in lost change: Where to find them Fisherman's sensational photograph inspires new story How did the Mexican coin arrive in Australia? Stawell is far from the ocean, and rather than being brought to Australia by a pirate, it's thought the Mexican reales coin was carried by a prospector. The coin was found among other items from the Victorian era, including British coins, and there are indications it was minted in the mid-1800s. 'There was an old campsite, and I was working around that. It's a pretty rare find. I've never picked up anything like it in Australia,' Angus said. 'A prospector probably had it in his pocket when he came to Australia and traded half of it for some fossicking equipment.' The Victorian Gold Rush began in 1851, just three years after the California Gold Rush, and both attracted people from all over the globe. Gold was first found in Stawell in the mid-1850s, but today the town is most famous for hosting the annual Stawell Gift, an annual running race that first began in 1878. After Angus posted news of the find to his Gold Coins and Relics Australia social media account, there has been a lot of excitement. He has received several offers for the coin, including one of $400. But he plans to keep it in his personal collection. 'There's always a lot of interest when it has history, to display it in museums and that sort of thing. I won't clean it, and will keep it as is,' he said. Love Australia's weird and wonderful environment? 🐊🦘😳 Get our new newsletter showcasing the week's best stories.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store