Brett Evans

I don't think the jurisdiction that you can make a lot of money and have a high paying salary exists anymore.

And the reason being is what happens is the reason the jurisdiction is cheap is because the salaries are cheap.

So you get that natural inflationary effect.

That's what happened in Dubai.

In Dubai, it was a lifestyle that was cheap.

You didn't need to be paid a lot to have a very comfortable life in Dubai.

Obviously, the salaries went up, the cost of living went up, and that's what we've seen globally.

And it's sort of, you know, with this digitization of the world,

People are very clueless now in terms of I can go here.

And what we're now starting to see is people sort of work in one location and live in another, and they sort of commute in a digital sort of way to sort of get the best of both worlds.

So we do see, for example, people living in Portugal under a very favorable visa for Australians, but working overseas in, say, Saudi, and they commute back and forth.

So people have to become more clever now to really try and get those –

There's true deals.

Look, to me, it is you want to accrue wealth in the country and tend to return to or retire to.

The reason for that is you not negate, but you reduce currency risk.

Murphy's Law always says that if you hold all your wealth in euros,

living in Europe and you're about to move back to Australia, something will happen on that day.

You've had to make that transfer and currency risk is a big thing.

We saw that with Brexit back in 2015.

If you're going overseas for three to five years, dollar cost averaging your money back to Australia, whether it's monthly or quarterly transfers, you got to get a smoothing effect in the FX rates, which means that you're not going to kill it, but you're not going to lose it at the same time when it comes to managing that risk.