Which country would be the easiest to move to and instantly be wealthy?
I'm not going to reveal my net worth, but if I were to sell my home, most of my property, cash out my 401k and basically liquidate everything where would be the easiest to move to and live comfortably without having to work again? Developed nations only, I'm not moving to Haiti.
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Missouri
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Be wealthy and live comfortably are definitely two different things.
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Nicaragua, Vietnam, Dominican Republic, Costa Rico, Mexico, Ecuador, Philippines
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My cousin retired from the state of Colorado and moved to Colombia. He couldn't live on his pension in the U.S. without continuing to work, but down there he lives comfortably; not rich, but I'm sure he seems rich to most of his neighbors.
Seems to enjoy doing nothing. |
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How much money would I need to move to one of those countries and be wealthy? |
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Is moms basement an option?
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Panama would be my first choice followed by Phillipines
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Costa Rica seems to be a popular place for American retirees
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Good starting point. Next look at costs of renting a place, easy to find online with pictures. Then you can dig into what a local restaurant costs for a meal. Some can be like $4-5 max. |
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