<div class="bbWrapper"><blockquote data-attributes="member: 68598" data-quote="RebbureM" data-source="post: 786901"
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but generally in life you have two approaches: raise your worth or lower the bar.<br />
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Taking advantage of geoarbitrage is good for an incubator phase in your business, but as a lifestyle I'm not as sold as I used to be.
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You also have a third choice: raising your worth while lowering your cost of living.<br />
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What would you do with your time if you never had to clean again? Do laundry again? Never had to cook again? Unless you wanted to?<br />
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For a lot of people, household tasks take up 2-3 hours of your day. That's a huge impediment on your life satisfaction and freedom to pursue goals and interests.<br />
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If you can combine raising your worth with lowering your cost of living, then you're creating a formula for rapid growth and increase in life satisfaction.<br />
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Let me give you an example of how that works.<br />
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For most people, leaving their home countries and becoming a "nomad", comes with built in tax benefits.<br />
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Let's say you make $100k in the U.S.<br />
You pay $35k in taxes.<br />
So really, you make $65k.<br />
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Just by leaving the country, and doing a little planning, you can instantly raise that $65k to $100k. That's a 54% increase in income overnight!<br />
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Now you're in a country where your cost of living is lower, so you're spending less, or spending the same and living a much more comfortable life. You have more time to grow your business. You have a lot better access to cheap labor to execute on your online endeavors. You have more capital to invest in growth, business gambles, etc.<br />
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If done right, it can be extremely lucrative.<br />
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What's not lucrative is moving somewhere like Peru, and bumming out on $1 meals while living in a dorm room and making $12k a year.</div>
