THREAD // Moving Abroad And "Geo-arbitrage"
I've had a recent shift in thinking..
A lot of people will tell you you should move to a big city like NYC, LA or London to put yourself in the best position to succeed
But I don't believe that anymore...
I've had a recent shift in thinking..
A lot of people will tell you you should move to a big city like NYC, LA or London to put yourself in the best position to succeed
But I don't believe that anymore...
The idea is that you'll meet all these super successful people who can help you advance your career and your business
But is that true?
But is that true?
My personal experience confirms it:
The people I've met online are far smarter, interesting, ambitious and all-around successful that just about everyone I've known offline
And they're HELPFUL too
I know if I have a question about copy, fitness, courses I can find an answer
The people I've met online are far smarter, interesting, ambitious and all-around successful that just about everyone I've known offline
And they're HELPFUL too
I know if I have a question about copy, fitness, courses I can find an answer
Which brings me to living abroad
If you're planning on starting an online business or if you're a beginner, I don't see any point in living in an expensive western city
-My living expenses are like 30% lower in Mexico
-My quality of life is better
-And my business is growing
If you're planning on starting an online business or if you're a beginner, I don't see any point in living in an expensive western city
-My living expenses are like 30% lower in Mexico
-My quality of life is better
-And my business is growing
If you can grow your business AND reduce your cost of living at the same time... WITHOUT sacrificing your quality of life...
Why not do it?
Plus the quality of my network continues to improve as I make new connections
Something to think about...
Why not do it?
Plus the quality of my network continues to improve as I make new connections
Something to think about...
This doesn't mean you live in the cheapest place possible
In my situation, I've been in Mexico City for almost 3 months and it has a lot of pros - lower cost of living is just one of them
I also plan on living in expensive cities like Tokyo and Paris down the road
In my situation, I've been in Mexico City for almost 3 months and it has a lot of pros - lower cost of living is just one of them
I also plan on living in expensive cities like Tokyo and Paris down the road
So to reiterate a point:
If you can build your business somewhere cheaper in Latin America, Eastern Europe, or Asia...
What are you waiting for?
I would've done it 2 years ago if I'd known how good it could be
If you can build your business somewhere cheaper in Latin America, Eastern Europe, or Asia...
What are you waiting for?
I would've done it 2 years ago if I'd known how good it could be
Maybe you think you're going to live in NYC and go to parties or dinners with wealthy, powerful people who are going to help your business
Probably not
The reality is you need to sit in front of your laptop - alone - for 12 hours a day to get some traction in your business
Probably not
The reality is you need to sit in front of your laptop - alone - for 12 hours a day to get some traction in your business
Entrepreneurship requires a lot of alone time
Time to think
Time to work
Time to rest
You need social time too, but it needs to be limited until you hit a certain level
So if your reason for living in a big expensive city is networking, it's not the best argument
Time to think
Time to work
Time to rest
You need social time too, but it needs to be limited until you hit a certain level
So if your reason for living in a big expensive city is networking, it's not the best argument
