Join John Adams, world renowned Intl Matchmaker, Monday nights 8:30 EST for Live Webcasts!
And check out Five Reasons why you should attend a FREE AFA Seminar!
View Active Topics View Your Posts Latest 100 Topics Mobile Theme Dark Theme
Discuss and talk about any general topic.
2 posts • Page 1 of 1
something like 1/4 of the world lives on less than a dollar a day.4 x that and you wont be a mini millionare but you could live freely and never work again.so Say you build a Bamboo Hut in madagascar or the lesser islands of indonesia or the phils and you can live off your interest and live decentely.say you have circa 30K euros saved up and the interest is 10% that means around 3000$ a year interest .that could take you a long way living like a local in some countries.you would literally never have to work again.for a anarcho-primitivist like myself who would like to Rewild that sounds like a lifesaver.
I've come across a few countries that have high payoffs
26.25 % argentina
so my question is,could one work hard to save 30K and then create a savings account in a foreign country with high interest returns,and then finally Rewild or live off Grid with a decent allowance for a 3rd world country,especially if you seek to keep life simple(bamboo hut by the beach,street food,fish yourself once in a while,wear local dress etc)
Mr Money Mustache is the place to find out about doing this.
The flaw in your plan is that inflation is raging in these countries. In China where I am now my burger place Carl's has raised prices by 2% and I've only been here 4 months.
Also your principal will lose value if you spend the interest.
Another flaw - what if you get sick and need major treatment?