3 ms·
This is incorrect. If my income and expenses both increase by 10x, my savings increase by 10x. After just a few years of saving, I have the option of moving som
by kaashif 3y ago
This is incorrect. If my income and expenses both increase by 10x, my savings increase by 10x. After just a few years of saving, I have the option of moving somewhere cheaper and living like a king.
It's not like your savings and investments are adjusted for the cost of living when you move.
In the extreme case, you can earn as much as possible and accumulate enough to live on indefinitely in a cheap country. This is obviously better than just earning a low salary in the cheap country for the same amount of time.
- slt2021 3y agoif your income 10x and you are on the wage - then that means you are either will have to work 10x more hours - or work 10x more intensively/efficiently, which leads to its own burnout and issues. main point being is that if your income doubles, your savings rate will double, but your work related stress will double, and arguably your health (mental and physical) will deteriorate at 2x faster rate
- pb7 3y agoThat’s not how any of this works.