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> Working a $150K job for 7 years isn’t really a recipe for getting “wealthy” It definitely is if you live in a LCOL area of an EU country. The author mention
by Mikeb85 5y ago
> Working a $150K job for 7 years isn’t really a recipe for getting “wealthy”
It definitely is if you live in a LCOL area of an EU country. The author mentions he's Italian. So he gets health care and shit for free while being based in a country where it's very easy to live cheaply if you stay out of the big cities.
Definitely possible to save a ton of money while living well in those conditions.
- nickpp 5y ago> he gets health care and shit for free Not free - he's (probably) paying taxes on that remote income, and the maximal rate is rather high in those "shit for free" countries.
- Mikeb85 5y agoIn his income bracket the tax rate in Italy is only 7% higher. And you can find pretty nice places to live in Italy with a COL similar to the rural US.
- jokethrowaway 5y agoTaxes in Italy are absolutely insane. You'd be better off moving to some other country with lower taxes, shitty public healthcare and then pay for a good private healthcare. The cost will be a fraction of a good US private healthcare (the high cost is the main problem of US healthcare, not who's financing it).
- etergri 5y agoFinally some good sense. Do you live in Italy by any chance? You didn't write the usual bullsh1t like "italy has a good social security net / good and free healthcare / you live well with few money" so I'd be surprised if you were a foreigner.