Saw this post on the best city to live for indie hackers. Some have suggested low cost-of-living countries/parts of the US to save on $ you could invest at the beginning pages.
Which made me think...any of you plan to move to a lower cost-of-living country/state as a result of you wanting to save money that you can invest in you biz?
In general, Ireland will be more expensive than the US average cost of basic commodities. Depending on where you are in the United States, you may believe Ireland is very affordable. When deciding whether or not to relocate to Ireland, the average cost of essential goods is not the most important factor to consider. Cost of living in Ireland is 19.6 percent more than the United States. Numbeo estimates that a city with a file of 120 is 20% more expensive than New York (barring rent).
i am from China, but currently i am living in New Zealand and working as a software engineer. Compared with China and New Zealand, i'd say China has a relatively lower cost of life because of lower price level. and I really miss the life back in China, very looking forward to going back. Have been trying to find a job that allows me to work from China, otherwise i have to try adapting to a very different working style
Hey @zerotousers, I have been doing this for a wee bit now.
It just depends what you like, I’m born and raised in Scotland, UK. Where the prices are just crazy, the weather is pretty grim (but the mountains are beautiful) but ultimately it’s not for me year round.
So, I float around between Turkey, Malaysia etc.,
Turkey is great as it’s only a 2/3 hour time difference from the UK, it’s only 5 hours on a flight to Scotland and only 9/10 hours from there to Malaysia.
The world is big, beautiful and there’s not a single place that is best, it just depends what suits you.
I love travelling, meeting people etc., but I also love getting to go home.
This life suits for now, but in a few years I’ll look at setting some roots when the businesses are sold/more stable.
What are you planning?
I've always been fascinated by the idea of moving to a country with a lower cost of living, but I've never had the guts to make it happen.
I'm not sure what keeps me from doing it—maybe it's fear of the unknown, or maybe I've just gotten comfortable where I am. But I think that if you're going to do something like this, you need to be prepared for some serious culture shock.
For example, when we were in South Africa, the first thing that struck me was the fact that everyone drove on the left side of the road! It took me weeks to get used to that. And then there was all this strange slang—when someone asked us if we wanted "tea" (which means "coffee"), my husband thought they wanted us to come over for tea and biscuits! We ended up drinking a lot more coffee than we expected while we were there.
But even though it can be hard to adjust at first, once you get past a few initial stumbling blocks, moving to a lower cost-of-living country can really help your finances out in the long run.
I don't know if I'll ever move to a lower cost-of-living country.
I mean, why would I want to give up living in New York? It's the best city on earth!
People are always talking about how expensive it is here, but that's a bit of a misconception: sure, rent is expensive and food costs more than it does elsewhere, but there are also so many things that are cheaper here! For example: you can get a great haircut for $20 instead of $500. And if you want to go out for dinner? A nice place with good service will cost you $50 instead of $500. You can buy clothes at H&M instead of Neiman Marcus (and they're actually better quality). And if you need new shoes or handbags? There's no need for anything more than Target or Marshalls—$400 will get you more than enough bags and shoes for the entire year.
And those are just some examples—the list goes on! The point is that whether it's rent or food or other things in life, there are ways around paying more if you know where to look.
I don't plan to move to a lower cost-of-living country because I like to live in the United States.
But if I were going to move to a lower cost-of-living country, I'd want it to be Africa.
I've heard that the weather there is nice, and that it has beautiful beaches. The food is also supposed to be tasty. And the people are friendly!
The only thing that worries me about moving there is that they might not have good healthcare. This is important because I'm a person who gets sick easily, so it would be nice if my health was taken care of in case something happened.
Go and leave in a Nice beach in Central America, if you need to go to US, 2 hours and you are there in plane
It wasn't the main driving force to me coming to Manila but I would be lying if I said that it wasn't a nice bonus. I definitely believe that if you're taking a leap of faith on yourself, then you should try to minimise the risk by making your saving last as long as possible.
Not exactly, just planning to delay moving to a more expensive state / city haha