Why having a Plan B is useful

Economic damage and war will be detrimental

Having a Plan B is always a good idea, no matter what the circumstances are or no matter what you are planning for. It is even more prudent to have a Plan B (and Plan C) when it comes down to macroeconomic and geopolitical thinking.

Simply because…….who knows what could happen moving forwards.

Examples of a Plan B can include:

1. Second passport/citizenship

2. Residency permit in a different country/different countries

3. Travelling with a plan

In short, making sure that you can go somewhere if push comes to shove.

My wife to be is Mexican. I am a citizen of the United Kingdom. I only have a UK passport but getting married in Mexico will allow me to apply for temporary residency status in Mexico, which means that after 2 years I will be able to apply for permanent residency status. (The normal time is 4 years if you are not applying as a ‘family unit’).

I love my wife to be. 100%. This macro and planning head of mine also knows that by getting a temporary (and then hopefully full) residency visa, this gives me a valuable second option.

Why? Because if something bad were to happen in the UK, then I should be able to get onto a plane, head to Mexico and be able to base myself there.

As mentioned an abundance of times on this blog, the UK and Western Europe and shooting themselves in the feet (yes I know it is meant to be foot but we’re cocking things up so badly here that I’ve used feet instead).