Plan B Planning

At a recent America Outbound Summit held in New York more than one of the speakers emphasized that in today’s complex world preparing for a second option, a ‘Plan B’ place to live ‘just in case,’ is no longer something only for the rich and famous to think about. Increasingly the middle class, including managers, executives, and professionals, should pay attention to this area. Hopefully with the appearance of the Pace index investor immigrants will find it easier to manage as they decide where they wish to place their funds in their Plan B life planning.

Other Indexes

That said, however, there are other indexes that are helpful, although arguably for different purposes. The Henley passport index and the Arton Capital passport index, and the CBI index immediately come to mind. But there are still others.

U.S. News And World Report

The U.S. News And World Report publishes a yearly indexthat also ranks countries according to where they stand on certain criteria similar in nature but exactly the same as the Pace Passport Index. In the case of the U.S. News and World Report, they conducted a survey of over 17,000 people from 36 countries – including business leaders, middle-class, or higher college-educated individuals and “nationally representative” citizens of each country – the following 10 sub-categories were analyzed by U.S. News before the countries were ranked: Entrepreneurship, Quality of Life, Social Purpose, Cultural Influence, Open for Business, Adventure, Power, Heritage, Agility, Movers.

Granted, unlike the Pace Passport Index which evaluates the utility of a country’s passport and not life in the country, the Pace Index is more restrictive in what is involved than the U.S. News And World Report analysis.

Ronan McMahon Site

Another website that may be handy for investor immigrants is one dealing with real estate investing worldwide. That site is Ronan McMahon’s site to be found here. This one is most helpful to investors who are focused on buying real estate and not so much on immigration although the latter is a consideration.

Whatever tool an investor immigrant may use to decide their Plan B destiny, the important point is not to neglect this important area.