Why I Really Left PUERTO RICO

TL;DR

The Wealthy Expat discusses the reasons behind leaving Puerto Rico, including the island's small size, limited opportunities, and safety concerns.

Transcript

hi it's the wealthy expat here i'm puerto rican i was born and raised in puerto rico and i made a video on this channel a while ago before i even had 500 subscribers on why i left puerto rico and five reasons why i didn't like the territory and i didn't recommend u.s citizens move to puerto rico to lower their taxes i got absolutely creamed on that... Read More

Key Insights

• 🇵🇷 Puerto Rico's island lifestyle and mentality can be limiting for individuals seeking a broader view of life, particularly entrepreneurs looking for more opportunities.
• 🇵🇷 Internet connectivity and infrastructure in Puerto Rico are not as developed as in other places, which can negatively impact remote work.
• 🏝️ Safety concerns exist in certain areas, although the island also has upscale, secure communities.
• 🇵🇷 Puerto Rico's natural beauty, healthier diet options, and welcoming culture are positive aspects to consider.
• 🥺 Opportunities for growth and development may be limited on the island, leading some individuals to seek other locations.
• 🚕 Puerto Rico's tax incentives and tropical lifestyle can attract individuals looking to minimize their tax payments while enjoying a relaxed, beach-filled environment.
• 🇵🇷 Comparing Puerto Rico to places like Dubai, which offer favorable tax systems and better infrastructure, can help individuals make informed decisions.

Questions & Answers

Q: What were the main reasons for the author leaving Puerto Rico?

The author left Puerto Rico due to the island's small size, limited opportunities, and the mindset of its residents, which clashed with his entrepreneurial aspirations.

Q: How is the internet and wifi connectivity on the island?

While there are some areas with decent wifi, overall, the internet speeds in Puerto Rico are slower compared to developed cities like Dubai. This can be a challenge for those working remotely.

Q: Is safety a major concern in Puerto Rico?

Safety in Puerto Rico varies depending on the neighborhood. While there are areas that are relatively safe, the island does have a higher crime rate compared to some cities in the US.

Q: What are the potential advantages of living in Puerto Rico?

Puerto Rico offers a tropical lifestyle, beautiful beaches, stunning scenery, a relaxed atmosphere, and a warm and welcoming culture.

Summary & Key Takeaways

• The author left Puerto Rico due to the island's size and the limited mindset of its residents, which he found restricting as an entrepreneur.

• The internet and wifi connectivity, as well as the overall infrastructure, were found to be inadequate for remote work and daily life.

• Safety concerns, although not as extreme as initially portrayed, were mentioned as a factor, with certain neighborhoods posing higher risks.