As the inflation rate occupies a lot of money from everyone’s salary, it seems that it has become more and more desperate.
But have you considered that you might already be FI, or greater than you think?
When people think of the fire, they think of economic independence in the current life and work cities.
But this is a thing. Once you become FI, you will no longer need to work. This means that you no longer need to pay through your nose to live in a city with opportunities. You no longer need to pay the crowd, pressure and the mercy of the real estate market.
According to where you decide, your fire number will be very different. For example, your FI number in Vancouver may be $ 1.2 million (the average monthly living expenses based on the individuals described on Numbeo.com). But in Chiang Mai, your FI number suddenly drops to $ 500,000, but your lifestyle has no pain reduction.
What you may be frustrated is that in the high life cities in North America, for decades, you have been in many parts of the world for decades, but in many places in the world are already FI or close to FI.
The New York fire and Los Angeles fire and clear fire and Wahaka fire are very different.
example. One of my friends has received an average salary in a metropolis in Canada, and has been working and saving for 20 years. He has recently discovered that instead of working hard to pay a monthly housing cost of $ 2,500, and it will fall into a red plus each month. In other content, she can resign, move to Chiang Mai, and has become a investment portfolio of $ 500,000.
Why should she struggle when she can move and move forward immediately?
And she doesn’t have to quit her work. Becoming Chiangmaifire (or Chiangfi) means that she can get a digital nomadic visa and establish an online business or teaching English. Even if you only earn $ 500/month, you can pay a lot of fees on a thousand smiles, and the rent in Canada will hardly cause dentation.
This is the strategy of many nomadic families after the 2008 Great Financial Crisis, as well as how the World Society starts. Through the sale of the house, moved to the boat and worked online, these families not only survived, but also spent a pleasant time in their families.
This is a monster where the era of digital nomadic people is illegal and the edge of working abroad. However, it is now popular to create more opportunities than ever before, and there are more than 50 digital nomadic visas from all over the world. This is a mainstream choice, not just single people, but also a family.
I see more and more articles every day:
“Why do Americans move to Mexico to live a better life”
“How do young Canadians save money by embracing digital nomadic lifestyles”
“Digital nomadic people: rising people choose to work remote work”
“They sell everything and become a digital nomadic family. This is what happened next.”
In fact, the digital nomadic people have erupted greatly. The 11 % of Canada’s population is a digital nomadic group living on the ship, and 17.3 % of the American workers in the United States are digital nomadic people, which is an amazing 58 million people!
Therefore, instead of considering how inflation shrinks your finances, it is better to consider which countries you may have entered.
How to find out whether you have already fi:
- List a list of low -life cities that you may consider (I suggest: Chiang Mai, DA NANG, OAXACA, Merida and Porto, only a few cases)
- Visit Numbeo.com, and obtain the trustworthy “living costs” of these cities by filling your family size, rent and food preferences to obtain monthly living costs.
- Multiple multiplied to 12 to obtain annual costs, and then press 25 to get your geographical arbitrage fire number.
This is an example:
This means that the monthly life cost of my family size 3 is:
$ 1851.03/month or $ 22,212.36/year. This means that our Chiang Mai fire is $ 555,309 USD or $ 749,092 Canada
After this calculation, you will realize that you may be more than you think!
In addition, remember that becoming FI does not mean that you must retire. This just means that you have made your work choose, and this has achieved independent positions. You can freely change your occupation and start online business or part -time jobs. Earn $ 1000 online, and can even pay rent for high rent in high -life cities in the United States or Canada. But in Thailand, Vietnam, Mexico or Portugal? That’s rent+food. This is the supplementary capital income, dividends and interest generated by your investment portfolio.
As the digital nomad Azra in the above CBC article said:
‘”If I can spend $ 2,200 in a bedroom in Toronto, or if I can spend $ 2,200, this gives me a flight, a place where I live, grocery, interesting things-why don’t I choose the second one?”
How do you think? Will you move it? Are you already in other parts of the world?
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