Don't Get Trapped in a Low Cost Country
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- čas přidán 10. 09. 2024
- In this video we are discussing the risks of living in a low cost of living country for an extended period of time. Living in a cheap country can negatively affect your finances over the long term, but only if you allow that to happen. While moving to a low cost of living country can have immediate benefits. Just be careful if you are staying for an extended period of time. You don't want to limit your choices in the future. And part of maintaining freedom of choice is working towards financial freedom.
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DISCLAIMER: This video is not professional advice of any kind. The purpose of this video is for research and entertainment only. It is your responsibility to do your own research and verify the accuracy and timeliness of any information that we provide, and to obtain the services of a professional if necessary. If you wish to obtain professional advice from us, you need to first formally engage us to provide services.
great advice
My dilemma debating between philippines and Dubai. I lived in Philippines i liked it overal. The condos are super small and overpriced. Cost of living is reasonable its not business friendly i couldn't even open a checking account. You really need to make money online, which is difficult. Dubai seems very business friendly and easy to setup.
The problem with the trap is most come to Asia after selling everything in their home countries and just living off their savings hoping to make money, then they realize they can’t and end up on the street over time from depression. I’ve lived in Cambodia for a year, there are no real opportunities for westerners, especially if you’re in the arts. Thailand has those opportunities but then the visa and permit rules are a joke. At the end of the day, Asia is for Asians. It’s better to make $3000 in your home country and have $3000 in expenses than to have $1000 in expenses in Cambodia and make 0!
Aint no way thr majority of people will want to move back to a western country after living in south east asia for an extended period of time
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May be good for younger ages
What if you were born in it, lol
in your case you should try your hardest to go live in a developed country lol
A strategy can be to migrate to a developed country, work hard, save/invest as much as you can, then move back to your birth country once you have saved enough money to live well there.
The dude who has been in Cambodia for the last 10 years will Never return to the ''West''
People on $90,000 a year cannot even afford regular meals in the west any longer.
Where the f do you live? 90000 usd is enough here in Zurich the most expensive city in the world...
what are u yapping about blud. Just because you make 90k and waste it all on anime figures doesn't mean other people do
@@user-if1gj2wh5c lol when did you tap into my bank accounts? Do I need to call the Police?? Let me know?
@@anarkitty0 Sydney
90k usd is fine if you don't have a family or a mortgage lol.
video importee dans ma tete.