5 ms·
"Investing in property" is not something I would include in "live well". It sounds like you are assuming everyone should be aspiring for wealth. Regardless, I
by Legogris 8y ago
"Investing in property" is not something I would include in "live well". It sounds like you are assuming everyone should be aspiring for wealth.
Regardless, I was based in Taipei for about 1.5 years and if you just adapt your lifestyle it's still definitely doable to even save a significant portion of a $2k salary. Rough calculations below assuming a single person on a conscious but not frugal lifestyle:
* Rent: ~10000 NTD per month if you're not sharing (you can still find decent places for cheaper). This will put you central enough to have easy access to everywhere but not smack in Da'an.
* Food: ~8000 NTD per month
* Transportation: ~4000 NTD per month
* Other: ~20000 NTD per month
That leaves > 30% of your salary left over. If you regularly splurge on coffee shops and western-style bars and restaurants (all of which are relatively ridiculously pricey) you will have less of course.
I am guessing that in 2 months you might still have had a more of a "tourist life-style" (eating out at expensive places, paying much more for accommodation than if you have a proper contract or own your place, going to work at Starbucks, etc).
It's kind of ridiculous just how much of a luxury coffee shops really are. One coffee at hipster cafe will be more than twice of a good meal at the delicious vegan buffet next door.
Median salary in Taipei is somewhere around 2k USD IIRC.
I love Taiwan and only reason I left was relocating for building a team in Europe.
- Chris2048 8y agoYou might also invest in property to retire (unless you are sure your pension will cover it) and so that you are not as susceptible to fluctuation in rental costs.
- rorykoehler 8y agoI was there to take part in MOX accelerator. Company paid for accommodation, MOX provided work space. Day to day was cheap but property is damn expensive for what people earn. Ypu buy property because you have responsibilities towards your family and living hand to mouth and at risk of being booted out of your apartment by a dickhead landlord is not fulfilling your duties as a parent. You can live like a teenager all you like but you will eventually face reality.
- Legogris 8y agoI might be missing something here, but how does not owning property necessarily mean "living hand to mouth and at risk of being booted out of your apartment by a dickhead landlord"? Just going to put this here for people who are interested: https://www.numbeo.com/cost-of-living/in/Taipei https://www.numbeo.com/cost-of-living/in/Taipei