US inflation hits 40-year highs. Gas is now $4.32 a gallon in most state. Groceries are up 12.2% over the past year. And most Americans are finding themselves priced out of life.
One group who aren’t suffering, however, are expats.
Why?
Because the US Dollar may be weak. But it is still stronger than most other currencies.
This means that you still have a lot of buying power overseas. And your dollars might actually go further now, if the country you’re in is suffering an even worse case of inflation.
Let me give you a personal example.
Last month, all my expenses – including rent – totaled $1,063.
That included eating at restaurants, going on dates, taking Uber rides around the city, and doing all the typical stuff a middle-class American would do. Yet, my expenses were 1/10th of what they’d cost in the USA.
Moving abroad will help you beat US inflation.
Play your cards right and major, unavoidable expenses become significantly cheaper. Rent in a beautiful and peaceful beach town is well under $400 per month. Groceries cost less than $5 per day. And an Uber ride anywhere in the city sets you back $2.
You may think I’m joking. But I’m not.
The easiest way to beat US inflation is to move outside of the United States
If you have a remote work job, or teach yourself affiliate marketing, you can live anywhere. Want to live on a tropical beach? A snowy mountain? A huge mega-city? Those are all options.
And each of these places is going to be much cheaper than their US counterparts.
I live in a beach town. My rent is $300 a month with utilities. Two days worth of groceries costs $7.80. A cup of coffee at the local café is $0.60. And so on…
I made two referral sales over the weekend, netting an extra $161 in passive income. There’s half the rent already covered.
When you have a low cost of living, you can make $2,000 – $3,000 per month and still have a higher savings rate than many doctors or 60-hour workweek professionals.
Make $24,000 or $36,000 a year, and you can put away $10,000 – $20,000. That’s more than a lot of six-figure employees are capable of saving.
“It’s not how much you make, it’s how much you save,” as they say.
If you want to pay $5 a gallon for gas, or $100 for pork chops, that’s fine. Everybody is entitled to do as they wish. But if you want to live in a fun, relaxing setting while never worrying about money; moving abroad is your best option.