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I want to leave my home town and go somewhere productive. Where should I go?

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Dominik_M

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Hi everyone,
I'm at a point in life where I feel that I need to go.
I am living in a small town in southern Germany and I hate how less people with a similar mindset of me live here.
Assuming I'd have no restrictions regarding visa etc. where would you go?
I am quite skilled and very motivated in developing Web Applications and IT Security solutions.
Up until now, I haven't made any income by any solutions I built, but only by third parties who hired me to create them.
My income there is very promising to me. Realistically, I am probably somewhere around mid level proficiency at age 21.

Either way, I want to live somewhere with like-minded people and not a small village with 20k inhabitants.
If you had to choose, anywhere in the world, where would you go?

Best regards
Dominik
 

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Milonfz

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What do you mean by like minded? The WADM might help you clarify what that means, and would also help you decide what other factors are important to you. The more information you give, the better your recommendations will be.

For example, I'm happy in rural Minnesota, a city of less than 2,000. Cost of living is low, easy commute to larger metro area and I find like minded entrepreneurs online. Living is a large city was misery to me. My son on the other hand lives on a sailboat in Seattle. Loves the city, the people, the hustle, etc. We're both working on our Fastlanes, however we have very different desires and our WADM on where to live will be extremely different.
 

Kak

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Things are decentralizing. People are now, more than ever, are able to seize opportunity even from a small town or remote island.

I used to think I needed to be near the hustle and bustle of a city to make all of my plans work... Today, I live in an exurb over an hour outside of the city, I am driving places less and less frequently for business, and I'm considering moving to Puerto Rico.

Things changed for me. My old dream was a home in River Oaks and the whole rich guy speal. Now I value freedom over the "wealth experience." I'll take a low tax island over River Oaks in a heartbeat now.
 

thechosen1

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Things are decentralizing. People are now, more than ever, are able to seize opportunity even from a small town or remote island.

I used to think I needed to be near the hustle and bustle of a city to make all of my plans work... Today, I live in an exurb over an hour outside of the city, I am driving places less and less frequently for business, and I'm considering moving to Puerto Rico.

Things changed for me. My old dream was a home in River Oaks and the whole rich guy speal. Now I value freedom over the "wealth experience." I'll take a low tax island over River Oaks in a heartbeat now.
River Oaks! Haha, I'm near you then, but honestly I'd rather move up north to Highland Park. (I know north is kind of a joke since Dallas is still far south US).

But man, living on an island would be so much better. The question is, would there be people near your age to hang out with? In my town, most people are at least 35 with a few kids.
 

Kak

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River Oaks! Haha, I'm near you then, but honestly I'd rather move up north to Highland Park. (I know north is kind of a joke since Dallas is still far south US).

But man, living on an island would be so much better. The question is, would there be people near your age to hang out with? In my town, most people are at least 35 with a few kids.

I fit the 30 something with kids crowd better than the 20 something single crowd at this point. I actually never fit that crowd.

For my entire adult life, my friends have been older than me. Some of my best friends in the world are more than 20 years older than me... I don't subscribe to this notion of hanging out with "people my age."

When it comes to friends, I have one rule... Your friends should consist of people that you respect. Friends should bring you up. Not down.

For the OP:
You are not alone... People move ALL THE TIME for business, opportunity and freedom. Don't let the dismissal of others stop you from doing you.
 
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thechosen1

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I fit the 30 something with kids crowd better than the 20 something single crowd at this point. I actually never fit that crowd.

For my entire adult life, my friends have been older than me. Some of my best friends in the world are more than 20 years older than me... I don't subscribe to this notion of hanging out with "people my age."

When it comes to friends, I have one rule... Your friend group should consist of people that you respect. Friends should bring you up. Not down.
Very good advice. I need to alter my perspective!
 

GrandRub

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maybe wait until covid ends an try the digital nomad route? you will meet a lot of likeminded people at co working spaces arround the world. talk to them .. move to other places .. and eventually you will find YOUR place to settle down.
 

Dominik_M

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Thanks a lot for your insights!
I understand that one can be successful even with no people around, especially in the remote IT world.
After hearing Peter Schiff talk about his leave from mainland U.S. I've also become quite fond of Puerto Rico.
But it's propably also not that easy to get a visa.
Overall I've thought about Puerto Rico, Mexico, Panama, Dallas, Houston Area, Nashville, Seattle, Ontario, Toronto. Quite the diversity, I know.
@Kak The tax point you made is actually also a factor for me as it's ridiculous here:
3,5% corporate tax, 40+% income tax, 5% solidarity surcharge, 19% Vat.
 

Kak

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Thanks a lot for your insights!
I understand that one can be successful even with no people around, especially in the remote IT world.
After hearing Peter Schiff talk about his leave from mainland U.S. I've also become quite fond of Puerto Rico.
But it's propably also not that easy to get a visa.
Overall I've thought about Puerto Rico, Mexico, Panama, Dallas, Houston Area, Nashville, Seattle, Ontario, Toronto. Quite the diversity, I know.
@Kak The tax point you made is actually also a factor for me as it's ridiculous here:
3,5% corporate tax, 40+% income tax, 5% solidarity surcharge, 19% Vat.
You inspired me yesterday.

 

Dominik_M

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You inspired me yesterday.

Haha, wow! I actually listened to the whole episode.
Your podcast seems to be a lot like Peter Schiff's. Very nice!
 

Kasimir

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Thanks a lot for your insights!
I understand that one can be successful even with no people around, especially in the remote IT world.
After hearing Peter Schiff talk about his leave from mainland U.S. I've also become quite fond of Puerto Rico.
But it's propably also not that easy to get a visa.
Overall I've thought about Puerto Rico, Mexico, Panama, Dallas, Houston Area, Nashville, Seattle, Ontario, Toronto. Quite the diversity, I know.
@Kak The tax point you made is actually also a factor for me as it's ridiculous here:
3,5% corporate tax, 40+% income tax, 5% solidarity surcharge, 19% Vat.
While I have to agree that in theory you can do anything remotely and don't have to move anywhere. However, I understand that as a young person you want to move out of your little town. I live in a city with 100'000 people but still, I want to move. But why so far?

If I were you I just move around Europe for some time and then go to Puerto Rico or Panama when you built your business. Why not come to Switzerland for a year or two get a job and create a business on the side. Here the taxes are much lower and you earn much more. (but the living expenses are also quite high :))

Wish you all the best.
 

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Dominik_M

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While I have to agree that in theory you can do anything remotely and don't have to move anywhere. However, I understand that as a young person you want to move out of your little town. I live in a city with 100'000 people but still, I want to move. But why so far?

If I were you I just move around Europe for some time and then go to Puerto Rico or Panama when you built your business. Why not come to Switzerland for a year or two get a job and create a business on the side. Here the taxes are much lower and you earn much more. (but the living expenses are also quite high :))

Wish you all the best.
Thanks for your reply.
Yeah, I thought about moving to Switzerland as well. Your tax point is valid, it's a huge difference. Germans don't f***ing get it :D
 

Kasimir

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Thanks for your reply.
Yeah, I thought about moving to Switzerland as well. Your tax point is valid, it's a huge difference. Germans don't f***ing get it :D
And the best thing is that you can earn twice as much as in Germany. So Zürich is great for networking and starting a business. :) I just have a problem moving to Panama or so without having a business. But maybe that's just me and you have a different opinion about that.
 

Dominik_M

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And the best thing is that you can earn twice as much as in Germany. So Zürich is great for networking and starting a business. :) I just have a problem moving to Panama or so without having a business. But maybe that's just me and you have a different opinion about that.
No, I agree.
My current business is not really dependent on my geographical location. Zürich is nice, but I guess I'll have to earn a lot more than here to live the same standard of living as I currently do.
 

Kasimir

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No, I agree.
My current business is not really dependent on my geographical location. Zürich is nice, but I guess I'll have to earn a lot more than here to live the same standard of living as I currently do.
Yeah, you would need to get a "normal" job, part-, or fill-time. And probably you could easily make 70k to 90k+ I have no f*cking idea of salaries but that seems reasonable. But another question: Why not put everything you have in your current business. Every second of your time. And if you make money with it, put that back in. And then after six months or so when Corona isn't that bad you could move anywhere you want.

If you really want to get your business big quickly you could even ask a friend or so to join. Obviously he would need to have a similar mindset. But you would surely be faster than alone. :)
 

GrandRub

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The good thing about Low-Cost of Living countries is that you can invest more money back into your business - while meeting new people and living a more or less free live.

its possible to work as an employee and build your business on the side .. and that may be a good way for many people - but if you are more of a risk taker i would take the step and leave germany to a LCOL Country and pay yourself ~ $1000 an reinvest the rest of the money.
 

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