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Where To Live On $1,000 Per Month
(Price Is What You Pay, Value Is What You Get)
(Price Is What You Pay, Value Is What You Get)
Everyone is talking about two things:
1. How much they love work from home, and how they never want to go into an office again.
2. How they want to build up assets and disappear so they can do their own thing while being left alone.
1. How much they love work from home, and how they never want to go into an office again.
2. How they want to build up assets and disappear so they can do their own thing while being left alone.
You can fulfill both goals right NOW, by moving abroad.
It is 100% possible to move someplace fun and cheap where you can spend most of your time goofing off while still stacking up cash and building wealth.
In the USA low price means low quality. And moving somewhere less expensive often means there's nothing to do.
In the USA low price means low quality. And moving somewhere less expensive often means there's nothing to do.
That's not always the case in other countries.
There are a lot of countries with great weather, youthful populations, active nightlife, etc...
And they're VERY reasonably priced by Western standards.
There are a lot of countries with great weather, youthful populations, active nightlife, etc...
And they're VERY reasonably priced by Western standards.
When I visit family in the Midwest, it's incredibly expensive for what you get: Nothing.
And, most friends and family my age are in competition for the title of "World's Youngest 65 Year-Old." Boredom ages a man, and you can easily become a Netflix junkie before you turn 30.
And, most friends and family my age are in competition for the title of "World's Youngest 65 Year-Old." Boredom ages a man, and you can easily become a Netflix junkie before you turn 30.
This is what "Moving Someplace Cheap" and "Saving Money" looks like in America.
Living in Vietnam, or parts of Mexico is less expensive (from a pure dollar cost standpoint) than living in Iowa or Wisconsin. And there's always stuff to do.
So you're paying less money while enjoying a higher quality of life.
So you're paying less money while enjoying a higher quality of life.
Likewise, when things cost less, it's easier to save your money.
If you make $50,000 a year and only spend half of it, you're keeping more money than someone who makes $200,000 a year and follows the "10% Savings Rule."
And you probably aren't working that much either.
If you make $50,000 a year and only spend half of it, you're keeping more money than someone who makes $200,000 a year and follows the "10% Savings Rule."
And you probably aren't working that much either.
I rarely work more than 5 hours per day, and I've made plenty of business and cash flow mistakes. Yet, low cost of living and high savings rates have saved my bacon time and again.
Not to mention all the extra risks they've allowed me to take.
Talk about a safety net!
Not to mention all the extra risks they've allowed me to take.
Talk about a safety net!
So, without further ado, here are three places you could live for $1,000 a month or less (though obviously, the more money you have the better).
These are places where you can have fun, build up a business, and just enjoy life:
These are places where you can have fun, build up a business, and just enjoy life:
1. Mexican Provinces
Mexico City is fine, I actually like it a lot, but the country's provinces are even better.
I personally enjoy the Veracruz region, because you get a lot of varied ecology (mountains, ocean, jungle) and the infrastructure is quite nice.
Mexico City is fine, I actually like it a lot, but the country's provinces are even better.
I personally enjoy the Veracruz region, because you get a lot of varied ecology (mountains, ocean, jungle) and the infrastructure is quite nice.
If you like hiking, nature, swimming, coffee shops, etc... This is an area with all that and more.
Also, all the cities I have visited are very reasonably priced and quite nice.
Also, all the cities I have visited are very reasonably priced and quite nice.
2. Saigon / Vung Tau, Vietnam
I've lived in Vietnam for 5+ years and love it. Easily my favorite country on Earth.
The country has a youthful population and an optimistic energy that can't be matched.
I've lived in Vietnam for 5+ years and love it. Easily my favorite country on Earth.
The country has a youthful population and an optimistic energy that can't be matched.
You meet people who'd never flicked a light switch until 2008, and are multimillionaires now.
Crazy!
Crazy!
Additionally, Vietnam is like living in Red Dead Redemption. You can drive around the countryside on a motorcycle and see all kinds of crazy things. Hike up jungle mountains. Fish for crocodiles. Watch farmers herding cattle, etc...
I once went to a park in Da Lat, where one of the locals rode a horse there and was fishing. The guy never tied his horse up, and (after I fed it a cracker) the animal followed me all over the park.
Not once did this guy worry that I might try stealing his horse.
Not once did this guy worry that I might try stealing his horse.
Pretty much all of Vietnam is livable for under $2,000 a month. And you can easily enjoy a comfortable lifestyle for at or less than $1,000.
Personally, I think the larger more international cities are a better choice than smaller areas here.
Personally, I think the larger more international cities are a better choice than smaller areas here.
While places like Can Tho or Da Lat are fun, there's not a lot to do.
Because of this, I would suggest living in Saigon. Or, if you want to go a little off the beaten path, nearby Vung Tau. Both are fun, there's a lot of outdoor activities, and plenty of cafes and malls too.
Because of this, I would suggest living in Saigon. Or, if you want to go a little off the beaten path, nearby Vung Tau. Both are fun, there's a lot of outdoor activities, and plenty of cafes and malls too.
3. Second-Tier Thailand (and speculative play, Brazil)
I love Bangkok. But it is more expensive than $1,000 per month. Unless you have a long-term rental or stay well outside the city centers, you're spending at least $750 - $800 on rent. At least pre-pandemic.
I love Bangkok. But it is more expensive than $1,000 per month. Unless you have a long-term rental or stay well outside the city centers, you're spending at least $750 - $800 on rent. At least pre-pandemic.
In terms of smaller cities, you actually have a lot of choices and some of them are pretty cool. Khon Kaen and the Issan region have some of the hottest women, in my opinion. Hua Hin has the beach (and a cool train station). And Chiang Mai has dropshippers.
Unfortunately, I don't know when Thailand will reopen. Apparently, it's supposed to be sometime this fall, but I think they said they were going to reopen October 2020, as well.
Personally, I would not stick around the USA that long.
Personally, I would not stick around the USA that long.
The USA is starting to see the effects of inflation, and the whole country seems on edge. I wouldn't be surprised if we see more riots and social unrest there before summer.
In the meantime, you could always go to Brazil. There are a lot of Twitter accounts that know a thousand times more about the country than I do, but many cities seem very reasonably priced and safe.
"Of all the 36 ways to get out of trouble, the best way is - leave."
More inflation, more taxes, double masking, "Two more weeks, again." You may as well go someplace better and enjoy life.
More inflation, more taxes, double masking, "Two more weeks, again." You may as well go someplace better and enjoy life.
