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Cheapest Place To Live... & Be Rich


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If you have close to a million or millions or billions, where would you choose to spend it?

 

A place where your money is considerably big & has a high potential for earning more...

 

Would you retire in the province, go/ stay in the city or go abroad?

 

Why?!

 

Post away folks :)

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  • 4 months later...
zimbabwe....hehehe

1M Zimbabwe dollars is less than $ 1 US....

 

and 1M Zimbabwe dollars is a lot of money to them.... hehehehe.

 

nice tip bro, i am thinking of costa rica for the cost of living is relatively low there

 

however, i came across some articles which say a lot about discrimination and lack of jobs...

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nice tip bro, i am thinking of costa rica for the cost of living is relatively low there

 

however, i came across some articles which say a lot about discrimination and lack of jobs...

 

Alot of people simply retire at the province. Even foreigners flock the provinces for low cost of living

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nice tip bro, i am thinking of costa rica for the cost of living is relatively low there

 

however, i came across some articles which say a lot about discrimination and lack of jobs...

 

costa rica is a good choice. property is still relatively cheap (especially in this market). look for beachfront affairs on the pacific side. :thumbsupsmiley:

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costa rica is a good choice. property is still relatively cheap (especially in this market). look for beachfront affairs on the pacific side. <img src='http://manilatonight.com/public/style_emoticons/<#EMO_DIR#>/thumbsupsmiley.gif' class='bbc_emoticon' alt=':thumbsupsmiley:' />

 

wow! i must check it out. well, i think hongkong will make the cut :)

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yung ibang province lang natin comparable na sa Zimbabwe ... no kidding ... dami mahirap tlga sa province natin ...

 

anyway, I might go to my home town the problem is the health care and cost of hopitalization ... you need to consider this before heading to a remote place

 

hmmm... not really into remote just promising ones... places w/ potentials, did not mean under developed :)

 

macau is not cheap but i can foresee several relatively easy ways to make it big there :P

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I want to be a digital nomad. stay for weeks or months sa isang lugar, tapos lipat ulit. I think If I hav a passive income of USD$40k I should be able to do that.

 

Pero siguro when I'm 90, di ko na kelangang gawin yon so most probably I'll end up in a provice in the Philippines. If not Palawan, Davao or Ilocos would be my bet.

 

If not, costa rica, thailand or even Indonesia. Ayoko sa malamig na lugar, I would love to be in the tropics kasi sanay na ako sa climate.

 

I choose a low cost of living area kasi dito sa Australia, ang taas ng cost of living, nkakalula. I would definitely live elsewhere if I have the chance.

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Know your number. That's the key! Using the 4% rule, you must have an investment portfolio of 25 times of your annual expenses then and only then you're financial independent.

 

Personally If I plan to retire here in Australia, I need another 12 years (10 if I consider my superannuation fund). But thats OK, I'm still young and still enjoying my work so there's no reason for me to retire elsewhere now (because I could, if I could move to a lower cost of living area outside australia). But I target to retire and have the opportunity to travel the world kya i need 12 more years. If that plan didn't pan out (e.g. because of disability or lost of a job or economy is not doing well or whatever), I have a fall back nmn na bumalik sa Pinas kasi may dual citizenship nmn dito.

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Know your number. That's the key! Using the 4% rule, you must have an investment portfolio of 25 times of your annual expenses then and only then you're financial independent.

 

Personally If I plan to retire here in Australia, I need another 12 years (10 if I consider my superannuation fund). But thats OK, I'm still young and still enjoying my work so there's no reason for me to retire elsewhere now (because I could, if I could move to a lower cost of living area outside australia). But I target to retire and have the opportunity to travel the world kya i need 12 more years. If that plan didn't pan out (e.g. because of disability or lost of a job or economy is not doing well or whatever), I have a fall back nmn na bumalik sa Pinas kasi may dual citizenship nmn dito.

 

 

Kaya ko na mamuhay Php600K a year. So with your suggestion of x 25, that would be Php15M. With that, I think your x25 is a sound, albeit conservative, model.

 

Ok ba sa Australia? Mga magkano pasahod dyan on average?

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With regards to "pasahod" dito sa Australia, well it depends on the type of job you do and the area where you work, but according to Wikipedia "The latest release shows that the median gross household income in 2013–14 was $80,704, and the average of all households was $107,276.", http://en.wikipedia.org/wiki/Median_household_income_in_Australia_and_New_Zealand.

 

Personally, I love it here but I can't compare it with any other country other than Singapore for I work there for a couple of years before moving here. Between Singapore and Australia, I would still live in Australia. But I haven't had the opportunity to live and work in Europe nor North America nor any other parts of the world so I don't have a way to compare it with.

 

 

 

Kaya ko na mamuhay Php600K a year. So with your suggestion of x 25, that would be Php15M. With that, I think your x25 is a sound, albeit conservative, model.

 

Ok ba sa Australia? Mga magkano pasahod dyan on average?

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