What's the easiest way to increase your standard of living while LOWERING your expenses?
Geoarbitrage.
Quick thread explaining why.
Geoarbitrage.
Quick thread explaining why.
Geoarbitrage is the art of making money in a high income area while living somewhere cheap.
Most people already do this (living in a suburb while working downtown). But you can supercharge your returns by moving to a large foreign city.
Most people already do this (living in a suburb while working downtown). But you can supercharge your returns by moving to a large foreign city.
Countries that don't use the dollar are often much cheaper than the United States (same goes for Euros and whatnot too).
In Vietnam, for example, $1 USD = 22,000 VND. While nothing ever costs 1 Vietnam Dong, things are much cheaper than back home.
In Vietnam, for example, $1 USD = 22,000 VND. While nothing ever costs 1 Vietnam Dong, things are much cheaper than back home.
Take this enormous pork tenderloin dinner for example. It cost 100,000 VND or about $4.
Many cities also have great public transportation or are incredibly walkable.
Not owning a car instantly saves you $10,000 a year.
Housing is also cheaper and you can often rent a fantastic apartment for under $600 per month.
Not owning a car instantly saves you $10,000 a year.
Housing is also cheaper and you can often rent a fantastic apartment for under $600 per month.
Lower cost of living also means greater opportunities. You can have more fun, do more travel, eat at more restaurants, and still build wealth faster than the typical American.
You can start a business, speculate on crypto coins, place sports bets, and "buy the dip" on select stocks.
All without impacting your lifestyle.
All without impacting your lifestyle.
You can also move up social classes. An apartment in the nicest part of town is often $500 - $700 per month. Having neighbors who are 35 and drive Maybachs and Ferraris gives you a whole new perspective on wealth.
Finally, do abnormal things and get abnormal results. The average American has a net worth of $10,000 by age 35, and has fallen off a cliff physically and socially by age 26.
Risk of following the herd is far greater than doing your own thing.
Risk of following the herd is far greater than doing your own thing.
Bonus: Is Living Abroad Dangerous?
If you watch TV or mainstream movies, you know three things. 1. All men are rapists. 2. All rural Americans are members of the Ku Klux Klan.
If you watch TV or mainstream movies, you know three things. 1. All men are rapists. 2. All rural Americans are members of the Ku Klux Klan.
3. America is the best country on Earth and all other nations are slums filled with murderers and thieves.
All three of these are equally true.
All three of these are equally true.
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