The first thing to understand is that every place has its own cycle. 🔄 The place you want to go to is either in a phase of expansion, contraction, or perhaps there's a kind of stagnation. It's crucial to comprehend where that place stands in its cycle. Therefore, you must pay attention to where people are going. 🏃‍♂️ Your destination has its cycle, and you need to understand whether people are leaving or heading there.

Please, make a clear distinction between cities and states because sometimes the differences lie within two closely located areas with completely different cycles. This depends greatly on the social and political moment each place is experiencing. It depends on the economic cycle and the decisions being made. You need to grasp this; you're not detached from everything happening socially. We are social beings, which means we depend on each other. 🧑‍🤝‍🧑 Any nonsense they tell you on social media, everyone is lying. We all depend on one another, no matter where we are. That's why it's important to understand all these variables to perform better once you move.

Don't be misled by the notion that each place is somehow independent. We live in a world where what happens in one place affects another. In the past, it used to take decades for things to travel from one place to another. Now, for example, what happens in Europe can affect the United States, and vice versa. We are interconnected; you need to understand that. We have to understand the moment we're living in and the peculiarities of the place we want to go to. Compare it with where you were before. Compare it economically, financially, politically, socially with other places. This way, you'll get a better understanding of what's going on. 🌐

Don't get distracted by everything you hear in the media. What is regularly published is manipulated and has an agenda. You need to start developing a critical spirit and do your research. 🤨 Ask people who live in the place; they can tell you the truth about all these things that the media usually doesn't cover because they're not interesting, sensational, or maybe they don't serve their interests. You have to do your own homework. 📚

Let me give you a simple example. I was born and raised in Venezuela, specifically Caracas. I grew up in a Caracas where real estate prices were extremely high. Living in Caracas during that time was complicated, and you needed a high income to acquire any property. What happened when I migrated to Chile in 2008? Chile had been affected by the 2008 banking crisis in the United States and was in a contraction phase. When I arrived, I felt like I was watching a movie from a slightly earlier time. This helped me understand that this is a cyclical issue. People are contracting right now, so if others are contracting, it might be an opportunity for me to make certain decisions that favor me. 🏡

Let's consider another example. When I migrated to Costa Rica in 2012, it was completely different. I arrived in San Jose, and the real estate market was challenging and incredibly expensive. When you compare the types of properties you can get in a place like Caracas or Santiago, Chile, there's no comparison. I realized that this market was different, not just with very high prices but also very slow. Costa Rica is heavily influenced by money coming from people moving to the United States. So, there are those who retire there and those who invest, causing fluctuations in property prices. 🏝️

In conclusion, experiencing these changes helped me understand where in the cycle I was. Don't assume I understood it immediately; it took time. Often, we come with a toxic level of optimism that prevents us from making intelligent decisions. So, my suggestion is to do your homework, understand where that place you want to go is in its cycle, and don't be afraid to face the truth. This will help you make informed decisions. 🧐

Don't be misled by the notion that each place is somehow independent. We live in a world where what happens in one place affects another. In the past, it used to take decades for things to travel from one place to another. Now, for example, what happens in Europe can affect the United States, and vice versa. We are interconnected; you need to understand that. We have to understand the moment we're living in and the peculiarities of the place we want to go to. Compare it with where you were before. Compare it economically, financially, politically, socially with other places. This way, you'll get a better understanding of what's going on. 🌐

As of the time I'm recording this podcast in 2023, interest rates have been much higher than in previous years, causing tension in the real estate market and affecting service industries and commodities. This situation is not solely due to interest rates but is also a consequence of the changes triggered by the COVID-19 pandemic. Consider this when making decisions. Don't come with excessive optimism; don't assume things will be the same as before. We're in a time of change, and we need to read the signs carefully. 📈📉

Some say history doesn't repeat, but it rhymes. In my interpretation, things do repeat in certain ways in the cycles experienced by different places with different characters and situations. There are similarities in certain aspects, although they may not always be obvious. At this moment in 2023, I'm convinced that there's a global rebalancing of geopolitical power. This will directly or indirectly affect all of us. It doesn't matter where we are; it doesn't matter if the place you want to go to is in a contraction phase. It's not a time to invest; you may need to be more cautious and consider renting. 💼💹

What I want to convey is that this changing landscape is an indication that we are in times of change. I personally believe that the concept of money will change over the years. I'm a supporter of Bitcoin, but I won't delve into that now. In the long term, I believe we will back part of our assets with Bitcoin because there's an inflation issue that, having experienced what I did in Venezuela, I'm aware won't be solved in a year or two. 💰

So, how does all this connect to the idea of time travel? Every place has its cycle. You have your cycle. Understand where you are in your cycle and where the place you want to go to is moving. Observe trends, like migration patterns. Some states in the United States are experiencing significant migration. I won't go into that, but it's something to consider when making migration decisions. Ultimately, we will all be affected one way or another. The important thing is for you to understand where you are in the cycle, what advantages you have, and what actions you can take. 🌟

Finally, remember that we must not fall into the trap of thinking we know everything. We need to ask more questions, even those that may not have answers. Having a critical spirit is crucial for a migrant. Assuming you know everything and giving opinions on everything is the worst attitude to have. We can survive in the long run by maintaining a critical spirit, not accepting everything we hear or see on social media, and relying on family and community support. Embrace the fact that everything changes, sometimes slowly, but it all changes. 🤔🔍

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