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| ▲ | decimalenough 3 hours ago | parent | next [-] |
| Sure, if you're starting from nothing and expect to live a Western lifestyle. But you can draw down $5000/year from that sum for a very long time, and make twice the average Indian yearly income. |
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| ▲ | SXX 2 hours ago | parent | next [-] | | One more thing about life in developing countries, ones with seemingly super low GDP per capita. Its that low because a lot of economy in rural areas is simple unaccounted for: communities build their own housing, grow their own food or work in family business usually with no accounting or taxes whatsoever. If you're born there you unlikely to ever end up in US on $100,000+ job unless your whole family or village invest in it. If you're expat you will soon end up finding out that as expat you'll pay completely different prices and starting local business is just impossible unless you become part of a family. | |
| ▲ | SXX 2 hours ago | parent | prev [-] | | Okay lets say you are a person who want and able to live on average Indian yearly income in rural India. How the hell you end up in US on $100,000+ job? How much time it took and how much you spent on education / job search / migration to US? If you're from India then likely all your relatives invested into your education and migrarion. |
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| ▲ | coccinelle 2 hours ago | parent | prev | next [-] |
| 50,000 sounds like a lot. Most people in West European countries don’t make that much. |
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| ▲ | ElFitz 43 minutes ago | parent | next [-] | | EU average is ~€39.000, gross, before taxes. And only nine countries have above average average salaries. And that’s not available income. France median pre-tax "net" income is ~€2.100 / month. | | | |
| ▲ | zdc1 14 minutes ago | parent | prev [-] | | The question is still what number people need to live "comfortably" (i.e. upper middle class). The average salary there may not quite provide for the amenities the average American considers "comfortable". |
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| ▲ | lobsterthief 3 hours ago | parent | prev | next [-] |
| I agree (from semi-relevant experience). Also, any “poor” country that’s inexpensive enough to fit this requirements probably isn’t one you’d voluntarily live in. Side note for the original commenter: It would be kinder and more accurate to state “lower cost of living countries” than “poor countries”. There are numerous lower COL countries that offer a higher quality of life a than that of the US but they aren’t “poor” (I moved to one). |
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| ▲ | SXX 3 hours ago | parent [-] | | And likely "suitable" countries are not the ones you want to do any investments or even transfer 100,000 to local bank. I understand that side note wasnt for me, but yeah most of cheaper developing South East Asia countries are not "poor". Though there are ones you can call that, but again in a such countries you dont really want anyone to know you have $100,000 somewhere on a bank because its can get unsafe very fast. Its either "live just a little better than locals" or get in trouble. PS: I talking of Myanmar, most of Laos and Cambodia. |
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| ▲ | Jensson 3 hours ago | parent | prev | next [-] |
| The person was probably from a poor country already and was used to that. |
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| ▲ | SXX 3 hours ago | parent [-] | | I do get that $100,000 in expensive parts of silicon valley likely will buy you a room, some food and commute to work, but math dont make sense here. Person from that kind of country likely had to spend $100,000 just to find job and move to US and survive there for the first time. Legal migration to US is super hard and super expensive. You have to be both very successful in what you do and very dedicated in order to do it. Or very rich. And it take years. People who choose to migrate to US and manage to do it isnt the type to throw it away on small scam. And if they managed to get in easy, fast and illegally then they wont be the ones competing for $100,000+ job. |
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| ▲ | 3 hours ago | parent | prev [-] |
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