First Steps
So what are some of these steps? For one thing, as part of your Plan B,
you buy some physical gold.
What kind? Good question.
Step 1 - Buy Gold and Store it Overseas
In short, it’s a good idea to have both coins and bullion.
But for asset protection purposes, for the ability to hedge against what might
happen in your country, I like to send a portion of my savings overseas, to a
secure storage facility, in the form of bullion bars.
It’s legal, and it keeps a portion of those cash savings safe and secure.
The facility I like best is in Singapore — to me, they have the best, most well
thought out security system in the world… and they also let you do peer-to-
peer lending or borrowing based on gold instead of on paper (fiat) currencies.
We cover this storage facility and their precious metals based peer-to-peer
lending platform in more detail on page 21 of our Perfect Plan B Guide
Step 2 - Open a Bank Account Abroad
Buying gold is only the first step in ensuring that part of your savings hold
value. You also need to diversify the currencies that you do hold.
In other words, don’t just have dollars. Or only euros. Or only Australian or
Canadian dollars.
The best way to do diversify your currency holdings in a practical way — no
crazy day trading here — is to open a bank account outside your home
country.
This is a good idea for a number of reasons, many of which we talk about in
this banking article. For one thing, many foreign bank accounts allow you to
hold multiple currencies, thereby immediately getting you out of your one
and only currency, which solves part of the “all your eggs in one basket”
problem.
The Hong Kong Dollar is the perfect currency for this…
Since 1983, the Hong Kong dollar (HKD) has been “pegged” to the US dollar at
7.8, +/- a very narrow range.
This means that, for US dollar investors, you could deposit US dollars at a bank
in Hong Kong, and then convert those US dollars into Hong Kong dollars (and
back) at minimal cost.
Holding Hong Kong dollars makes a lot of sense.
If the US dollar goes through a period of strength, the Hong Kong dollar will
mirror that strength.
But if there’s ever a major loss of confidence in the US economy and the US
dollar starts to depreciate rapidly, the Hong Kong Monetary Authority
(country’s central bank) could simply “de-peg” and let the Hong Kong dollar
appreciate versus US dollar — thereby preserving the purchasing power of
your savings.
So, holding Hong Kong dollars gives you ALL of the benefits of holding US
dollars, but with free downside protection in the event of any major US
financial catastrophe.
Although you can hold your savings in the Hong Kong dollar in many banks
around the world, we recommend you open an account in Hong Kong itself –
USD-to-HKD currency conversion fees are minimal there.
You can download our Ultimate Offshore Banking Guide for everything you
need to open an ultra-safe Offshore Bank Account.
Inside you’ll learn:
You can learn more in our in-depth article about offshore banking here.
There’s another big reason for opening an account overseas:, It puts part of
your cash into a banking system that is much more solid than the one you’re
entangled in.
Few people ever give much thought to the safety and security of their bank.
And why should they? After all, banks go out of their way to instill an
overwhelming sense of confidence that they’re rock solid.
They spend spectacular amounts of money on ornate lobbies in giant buildings
with marbled floors and buy the naming rights to football stadiums.
The unfortunate reality, however, is that many banks in the United States,
Europe and the rest of the world are in bad shape.
Most Western banks have very little cash on hand. When you log on and see
you have $10,000 in your savings account, that doesn’t mean the bank actually
has that ten grand in a vault with your name on it.
Far from it. Instead, it holds only a tiny fraction of your money. That’s why the
name describing the Western banking system is “fractional reserve.”
Back in the day when banking referred to the actual “banco” (bench) where
transactions took place, bankers would actually hold your money. Maybe
they’d invest a tiny bit of it to make a little profit, but your money, by and
large, stayed safe. You paid them for this safety, and it worked out well for
both parties.
These days, though, banks take most of your money and run with it… sending
it into very bad ideas that they deign to call investments. Remember the toxic
derivatives scandal — you know, the one that caused the 2008/2009 financial
collapse? Most Western banks are earnestly engaged in subprime and other
toxic loan packages even to this day.
Is your bank solvent?
That’s right – not even a decade after these risky loans nearly brought down the
entire global economy, subprime is back. In fact, it was the fastest growing “asset”
among American banks.
Over the last twelve months, the subprime volume among US banks doubled, and
it’s on pace to double again this year.
Of course, they don’t call it ‘subprime’ anymore. Now it’s called “non-QM”,
meaning “non-qualified mortgage”.
But it’s exactly the same thing – they’re irresponsibly lending your money to
borrowers who don’t qualify for a conventional loan because of their pitiful credit
and inability to make a down payment.
If you want to see some concrete numbers, and figure out whether your bank is
anywhere close to solvent, see our Offshore Banking article (with a link to our
Ultimate Offshore Banking Guide) here.
Bottom line: Most Western banks are not solvent. Not even close. If there’s
a major crisis, your money is at grave risk.
Hong Kong and Singapore, in contrast, are known for their solid, highly
solvent banking systems. (We have a comprehensive guide to banking
jurisdictions — and specific banks we recommend — that you can find more
about here.)
So you can create your own gold standard, if you will, by putting part of your
cash somewhere much safer, more solvent, and less scandalous.
But how do you even open a bank account abroad? Our Perfect Plan B
Guide shows you, step-by-step.
We also answer frequently asked questions about opening an account abroad.
For example – Is it legal? (Yes!) How much can you store abroad before you
have to tell Uncle Sam, if you’re a US citizen? What are the IRS’s reporting
requirements? We go into detailed answers on all of these questions in our
Perfect Plan B guide.
Step 3 - Do what Warren Buffett Does - Know When to Hold
‘Em
\
One of the most prudent things you can do to hedge against market volatility
right now (mid-2018) is to stay out of the market… and hold CASH.
There are a few ways to do this, but first, let’s take a quick look at why you
want to hold cash as part of your gold standard strategy:
Stock markets around the world are also near all-time highs, or at least multi-
decade highs– including the United States, Germany, UK, Japan, etc.
And there’s no shortage of companies, including some very prominent brand
names, that perennially lose money, go deeper into debt, and fail to generate
enough revenue to even be able to afford their interest payments.
Yet, even those stock prices are near record highs.
There’s so much that defies basic common sense.
Recently, we discussed that Warren Buffett, the most successful investor
in modern history, is NOT buying in this market.
In fact, he’s selling… and stockpiling a mountain of cash that he’ll deploy when
markets turn the other direction.
Buffett knows that markets always move up and down in cycles.
‘Up cycles’ are precisely the time to sell– when everything is irrationally
expensive.
And ‘down cycles’ are the time to buy– after a major crash or correction.
This strategy is simple and effective: buy cheap. Sell expensive.
This current up cycle has lasted almost ten years. And with all of these record
high asset prices, we’re overdue for a major correction.
As Buffett wrote in his most recent annual report, “history is on our side. . .”
Once markets finally do correct, there will be some incredibly high-quality,
trophy assets available to purchase for bargain prices… the sort of legendary
investments that can create lasting, lifelong wealth.
And you can wait patiently by parking your cash in a handful of safe assets,
preserving your wealth — and even generating a solid return — while you
wait for the monster opportunities that are coming.
For example, I’ve written extensively about holding cash in very short-term
Treasury Bills. That’s what I’m personally doing.
While a bank pays 0.02% interest, T-bills pay around 2%, 100x as much.
Buffett has parked over $100 billion in short-term T-bills.
Another solid idea is holding a small portion of your savings, at home, in a
safe. I personally hold a few months’ worth of expenses in my home safe. This
gives me great liquidity, as well as a backup plan if banks go into crisis.
Steps like these are simple. They make sense, no matter what happens. (In
what universe is it a bad idea to have some cash on hand? Or to diversify your
money out of one single currency? They’re both good ideas, whether the
economy is in euphoria or dire straits.)
They’re also highly actionable, meaning you can do many of them right from
your computer.
Most of all, they’re effective… helping to protect (and grow) what you’ve
worked so hard to make and save.
How To Get Your Second Passport
Sovereign Man
I’ll never forget the day-- Over 17 years ago, when the Fedex envelope finally
arrived.
Inside was my very first second passport. It was an incredible feeling. And one of the
things that got me started on this journey.
Suddenly I realized that I was no longer beholden to one nation. That no single
government had exclusive authority over me. I had more options. I had more
freedom.
It was a feeling I’d never had before. It was like I had been missing something for my
whole life, but never even knew it until that exact moment. Then I wondered how I
had ever gotten along before without a second passport.
I cannot overstate the benefits of this. Having a second passport is something I call
the ultimate insurance policy.
It ensures that, no matter what, you always have a place to go. To live. To work. To
do business. To retire. And in some cases, even seek refuge.
That way, when things go south, you can go north. Taking yourself and your family
out of harm’s way.
Want to get started right away? Download our Free Guide on “Four Passports
ANYONE can obtain”.
In this In-Depth Article...
Benefits of a Second Passport
How To Get a Second Passport
The Best Second Passport For You
Conclusion & Further Resources
The 8 Incredible Benefits of a Second
Passport
Getting a second passport will not just provide a myriad of lifelong benefits to you,
but also to your children, grandchildren and even great-grandchildren.
1. You always have a place to go to
When crisis strikes a country, getting out can become very difficult. Depending on
your passport, without a valid visa, citizenship, or residency in the destination
country, you might not even be allowed to board a plane.
Example: Venezuela
Very recently we’ve seen this become a reality for millions of Venezuelans. When
economic crisis broke out, with inflation through the roof and grocery stores empty,
many tried to head for the exit.
But with so much demand for visas, foreign embassies in the country began shutting
their doors and rejecting further applications.
Those who tried to make a move too late are now stuck, forced to endure the
country’s economic and political mayhem.
If those people had an adequate second passport or a second residency, they could
have watched the chaos happening on their televisions, rather than out of their
bedroom window.
Instead, they were not prepared, leaving themselves with no options.
This is why we call a second passport an ultimate life insurance: You sure as hell
hope you will never need it, but if you do - you will be glad you have it.
2. Protection from Travel and People Control
Your passport belongs to your government, and it is as easy for them to take it back
as it is to give it to you.
Example: Edward Snowden
After leaking confidential documents to the press, Edward Snowden became a
target of the US government... and in a snap, they cancelled his passport.
Given that this was his only passport, this meant that he could not legally travel
anywhere.
Snowden was then left stranded in the international transit area at Moscow’s
Sheremetyevo airport for over a month, until Russia granted him asylum.
If Mr. Snowden had been a dual passport holder prior to stepping into the limelight,
he would likely not be in this predicament, as he could have used his second
passport to continue traveling.
This is not a unique case and has happened before all over the world.
In fact, on December 30, 2015, when no one was looking, the US government
passed H.R. 22 (The FAST Act), which authorizes them to revoke your passport if
they believe, in their sole discretion, that you owe $50,000 in taxes.
It’s important to note that they don’t actually have to prove any wrongdoing.
They can make a simple allegation. It could even be a clerical error. Then, poof, no
more passport.
If you have only one passport, then a single government holds total control over your
right to travel, and therefore where you can live.
Putting this much trust into a single entity, one that has proven over and over its
desire and ability to abuse its powers, is simply not a good idea.
And who is to say that these powers couldn't be taken further... to restrict travel for
people who hold anti-government views?
Smart people always have a Plan B.
3. Distance yourself from foreign policy repercussions
Certain nationalities have more enemies than others. America's world politics have
made US citizens very unpopular around the world... to the point that they have
become targets for terrorism.
On the other hand, nobody ever threatens to bomb a plane full of Lithuanians.
4. Tax Benefits
Taking advantage of your second citizenship or residency by moving abroad has the
potential to significantly reduce your tax burden.
US citizens who establish residency abroad can take advantage of the “Foreign
Earned Income Exclusion” provision: This can allow you to write off at least $100,000
of income, tax-free.
5. More Internationalization Options
If you are an American citizen, then you have undoubtedly already noticed that your
internationalization options are significantly reduced.
The US government’s arrogant extra-territorial FATCA legislation has effectively
extended US reporting requirements beyond US borders.
As a result, many institutions and people do not want to do business (including
setting up bank accounts) with US citizens. Thus, a second passport can help expand
the options available to you.
6. More Visa-Free Travel
United States citizens have a lot of latitude in terms of where they can go. Still,
there are a number of restrictions.
Americans need to apply for visas to go to a number of countries, including Russia,
China, and Brazil, which can be time consuming and costly.
Obtaining an Italian passport, for example, gives you visa-free (even potentially
passport-free) travel throughout all of the European Union, as well as the right
to live and work there.
Meanwhile, getting a Chilean passport gives you visa-free access to all of South
America and even Russia.
7. Renunciation
Being a dual passport holder means you will have the option of renouncing your
current citizenship.
It's a radical step to even think about for most people, but having multiple
citizenships means that you'll always have the option.
Knowing that you have the ability to say “no” to an oppressive government? That is
real freedom.
8. Other Benefits
Depending on the country of your new citizenship, you may even get other benefits:
Brazil and Russia, for example, do not extradite their own citizens.
Additionally your unborn children would also receive your second citizenship, which
is one of the most beneficial things you could ever do for them.
How To Get a Second Passport
These four ways to get a second passport (potentially for free), will provide you the
lifelong benefit of more options to live, work, invest, travel, and do business around
the world.
The Four Ways To Get a Second Passport
1. Ancestry
2. Time
3. Money
4. Flexibility
But before we get started, I want to pose fair warning:
What follows here is the unvarnished truth. I’m not here to paint a rosy picture about
how simple it is, how you can just sign some papers and get a passport in the mail.
It doesn’t work that way.
It’s true that anyone can get a second passport, but it’s not always easy.
Anyone who tells you it’s ‘easy’ is either lying or incompetent. I’m here to tell you
facts, plus give you the benefit of my extensive experience with these programs.
But, more than likely, there is a great solution for you out there.
First, let’s gain a basic understanding of what a second passport, citizenship and
residency actually are...
Second Passport
A passport is an official document issued by a government, certifying the holder's
identity and citizenship. It also entitles them to travel under its protection to and
from foreign countries.
When people talk about second passports, they really mean a second citizenship,
because the passport is just a document issued as one of the benefits of having
citizenship in a country.
Citizenship
Having citizenship or being a citizen is the status of being a member of a state,
which gives a person certain rights and obligations.
As mentioned earlier, one benefit of having a country’s citizenship is that it is
possible to apply for a passport.
Many countries allow their citizens to have dual citizenship, but some countries such
as Singapore and Germany do not and require people who acquire their citizenships
to renounce their previous citizenship.
Permanent Residency
Permanent residency is a visa status that allows a person to reside indefinitely within
a country of which he or she is not a citizen.
Often a permanent residency can even lead to a second citizenship and passport
through naturalization later down the line.
And now, without further ado… the four ways to obtain a valuable Second Passport:
Option #1 - Ancestry:
Get A Second Passport By Descent (Potentially for Free)
By far, the easiest way to get a passport is by demonstrating you’ve had the good
fortune to have parents, grandparents, or in some cases, even great-grandparents
from the right place in the world.
If you happen to be part of what I call the “lucky bloodline club”, then you might be
entitled to citizenship based on ancestry.
This means you can get a second passport in a very short time and at a very low
cost.
Because of that, you should explore this option first if you are interested in getting a
passport.
Examples of countries which often grant citizenship to descendants of emigrants
are:
Armenia
England
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Poland
Portugal
There are many more.
We also have an in-depth article on citizenship by descent that covers the process
and eight countries. I encourage you to check it out if you are interested in this
option.
In most cases, you’ll need to start by setting up an appointment with your nearest
consulate.
Don’t be surprised if they make you wait months, but that will also give you time to
hunt down and obtain the necessary documents (and, if required, have them
officially translated and certified).
Make sure you understand exactly what is required for you to bring to the
appointment.
(Some countries will want to see an FBI or police report showing that you’re not a
criminal. This takes a while to push through the right channels, so don’t delay.)
Documents you’ll need for these visits usually include your birth certificate, marriage
and/or divorce certificate (if applicable) and passport, as well as the birth certificates
of any children you have.
You’ll also need birth certificates (and death certificates) for those on both your
maternal and paternal lines, going all the way back to the ancestor. You’ll need any
naturalization certificates those ancestors acquired as well.
If you are already a member of our flagship internationalization service, Sovereign
Man: Confidential, you have access to several detailed intelligence reports
with step-by-step instructions on how to get an European Second
Passport through descent in 9 different countries.
Option #2 - Time:
Get a Second Passport through Naturalization
(ANYONE can do this)
Most countries provide a means to obtain citizenship and second passport by
applying for residency and then spending a certain amount of time in the country
(generally five years).
The strictness of the rules to become eligible vary significantly.
Some countries, such as the United States, make it very difficult, but there are also a
lot of countries that make this process very quick, affordable and easy-- Panama
residency for example is excellent and very is to get.
In some countries, you don’t even need to actually spend any time in the country to
become eligible to apply for a second passport.
For most people this is the ideal option, because it doesn't just lead to a second
passport, but it gives you the most important benefit of a second passport right
away:
A place to go no matter what happens in the world.
Which options are available to you will depend on your personal circumstances.
And keep in mind that residency options change frequently. They are absolutely
subject to the laws of supply and demand.
The number of ‘slots’ available in any particular country tends to rise and fall over
time. If the economy is doing very well and they need more workers, for example,
immigration restrictions will be relaxed.
If the country is in the midst of a recession, or it’s a rather tiny country to begin with,
there will be a much greater barrier to entry.
Similarly, whenever there’s a flood of people into a particular country, i.e. increased
demand, the ‘price’ will go up. This means more hurdles, more hassles, and higher
qualification requirements.
So it’s important to start taking these steps while the supply is high, demand is low,
and the ‘price’, i.e. the qualification requirements, are still low.
Luckily there are currently several great options available that a lot of people can
take advantage of, such as Panama and Chile.
Free Guide:
Four Passports ANYONE Can Obtain
Get our free intelligence report, with detailed instructions on how ANYONE can
obtain an Excellent Second Passport through residency and learn inside...
Which country will give you a Second Passport while spending barely any time
there.
How to get an excellent Second Passport from Europe.
Which Second Passport Option is the most affordable and best value.
Where you can get a valuable Second Passport in less than HALF the
time compared to other countries.
Option #3 - Money:
Get a Second Citizenship By Investment
The fastest, but certainly not the cheapest, way to getting a second passport is
through an economic citizenship program wherein you essentially buy a second
citizenship.
These programs often take the form of an investment program where you either
invest in real estate or in certain funds as specified by the local government. It’s
legal, but, again, it’s expensive. (And often short-lived, so if you find one that fits,
get in on it now.)
In terms of official programs, most people who have done even the most cursory
research have read about Dominica and St. Kitts, both of which charge six figures for
citizenship.
These are the most famous economic citizenship programs, but there are others,
including those offered by Austria, Bulgaria and even the United States. These,
however, are much more expensive.
Unfortunately the term “Citizenship by Investment” is rather misleading, because
most often you will neither see an investment return nor get back your investment
capital.
Therefore you should think very carefully whether the benefits and the quality of the
passport you are receiving are really worth the “investment”.
Given the exceptionally high cost, for many it would make more sense to just get
residency and let time work for you.
However, if you’re a high-income earning US citizen who intends to move abroad
and renounce your US citizenship, then an economic citizenship program might
make economic sense.
After all, simply eliminating your US tax burden alone could offset the costs of the
passport very quickly.
You can learn more about how and where to buy a passport in our in-depth article
on citizenship by investment.
If you are already a member of our flagship internationalization service, Sovereign
Man: Confidential, you have access to several detailed intelligence reports that
cover renunciation and several economic citizenship programs in great detail.
Option #4 - Flexibility:
Unconventional Ways to Get a Second Passport
The flexibility route to citizenship is a delicate one, and is certainly not for everyone.
However controversial it might be, this still is an option, and that’s why we’re
mentioning it here.
Marriage
One flexibility option is marriage, as many countries have lower requirements for
naturalization if the applicant is married to a citizen of that country.
(If your spouse can claim ancestry though bloodlines, it might be prudent to have him
or her go through that passport process, and then sign you up as the spouse. Check
with a qualified immigration attorney first, as this might not always be the most
expedient or convenient option.)
Adopting a child or giving birth abroad
Another flexibility option is to either adopt a child or give birth in a country that
grants citizenship to everyone born on its territory – the so-called jus soli in legal
terms.
Most countries have fairly lenient requirements for residency, and eventually
citizenship, for persons who are legal guardians of their subjects.
Brazil is a good example here. France allows those born on its soil to be French, but
only if one of the parents is already French.
Changing your religion
The third flexibility option only applies to one country, and could potentially be the
most personal of all: Israel.
Are you Jewish? Do you want to be? If so, you can get an Israeli passport.
In Israel, the “Law of Return” provides means for all Jews, and individuals of Jewish
ancestry, to acquire Israeli residency and citizenship.
Israeli law defines Jewish ancestry as having at least one Jewish parent or
grandparent.
In the event that you don’t fit the ancestry definition, the law also provides the ‘right
of return’ to all converted Jews of all denominations, and the conversion need not
take place in Israel in order to qualify.
In either case, the onus is on the applicant to provide adequate documentation
proving either Jewish ancestry or conversion to Judaism… the Israeli authorities
won’t just take your word for it. They will check.
If you’re interested in getting started, the best place to get answers is your nearest
Israeli consulate.
Our Recommendation:
Start by looking into the ancestry option and while you're researching your ancestry
tree, consider whether the residency (time) option would work for you.
There are several excellent programs out there, right now. And some of them don’t
require much time on the ground and are very cost effective.
You can learn more about these by downloading our free guide “Four Passports
ANYONE can obtain”.
Which is the Best Second Passport for You?
When considering which is the best second passport to pursue, it is important to
make sure it is completely legitimate and opens up as many doors for you and your
children as possible.
At the same time, you need to consider that some passports come with obligations
and ensure they don’t affect you negatively.
Make sure to thoroughly consider the following factors when deciding which
passport is best for your personal circumstances.
1. Reputation (Dominica vs Chile)
The reputation of the country you choose can make all the difference in how you are
treated when you travel, as well as by your home government.
It is possible for a government to opt not to honor one’s other passports if they do
not believe that they are based on legitimate citizenship. This is rare, but has
happened in extreme circumstances. Thus it is beneficial to take into account the
country’s international reputation.
Some countries, for example, are known specifically for selling passports. While
documents from these countries are still useful to have, they may face greater
scrutiny and their value could decrease in the future when more countries decide to
remove visa free travel.
2. Blendability (Anyone can be a Brazilian)
Though it shouldn’t matter, the legitimacy of your passport may also be influenced
by how well you match it. Immigration officers are not immune from racism, and
thus may not trust your document if you vary too greatly from the local norm.
Thus, you can possibly side-step this possibility by choosing a country with greater
potential for blending in. This can either be with countries that suit your
characteristics or that have highly heterogenous populations. Basically anyone can
look Brazilian for example, and you can support your connection even further by
knowing some Portuguese as well.
3. Taxes
Of course, one great benefit of living or having residency abroad can be the ability to
minimize your tax burden. For example as a US citizen, having residency abroad
enables you to file for a Foreign Earned Income Exclusion, which enables the roughly
$100,000 of your income to be tax-exempt.
A passport or residency is not always a one way street towards a lower tax regime. In
fact, there are instances in which it can actually add to your tax burden. An easy
example would be if US citizenship was what you were adding on. Increasingly these
days foreigners in the US are opting not to pursue a green card or passport because
it then subjects them to taxation on their worldwide income. That is something best
to avoid if at all possible, so be sure to check out what the tax requirements for
residents and citizens are.
4. Visa-free travel options
As long as you are only adding on an additional passport and not looking to replace
your current one, this can be a real added bonus. Each passport varies significantly
in terms of which doors it can open to you. It doesn’t hurt to do a quick search online
to find out which countries a passport will enable you to travel to visa-free. A great
example is getting a European citizenship and passport, which gives you access to
the whole European Schengen area region.
While a US passport undoubtedly enables you to travel extensively, in fact, it is not
the best passport to have. Due to the US’s tight restrictions on citizens from other
countries entering the country, many of these countries have imposed retaliatory
restrictions on American citizens. Americans may still be able to travel to these
countries, but at a much higher cost or for a more restricted time period.
5. Ability to hold multiple citizenships
Of course, you need to make sure that dual citizenship is even an option. Some
countries don’t like to share, and thus require aspiring citizens to relinquish any
other passports they hold. This is not ideal, though it is not always a deal-breaker, as
residency is still a solid alternative.
However if you find that other passport to be significantly better than the one you
have, it may still be worth it to pursue. But be sure to take all of this into
consideration before making your decision.
6. Precautions: Military service
Lastly, since the goal here is to maximize your freedom from government, this one’s
key. In some countries, all male citizens are required to do military service. The
requirements may range from a few weeks of basic training to a few years of active
duty.
Either if you are a male or female, make sure to check out what military service a
country requires before pursuing a passport there.
Consider whether these are obligations that you are willing to be accept for yourself
or your children in the future.