[Beyond Borders]

(03-01-2013 02:55 AM)aphelion Wrote:  

Goddamn. What am I doing killing myself over here.

Indeed....

[Alexander]

I would say if you're living in a Western Country like UK or USA, are struggling to survive, can't find any decent women, and have the ability to make $1000 a month remotely, then just get the fuckout.

[gsinplaya]

(01-03-2013 08:15 PM)username Wrote:  

Quote:

http://www.dailymail.co.uk/news/article-...s-sun.html

Rent (two-bedroom home): $800/£490
Utilities (electricity, gas, water, phone, cable TV, Internet): $220/£134
Groceries: $300/$183
Entertainment: $250/£153
Health care (two people on IMSS insurance, plus $70 per month for incidentals): $112/£68
Maid: Three times a week: $210/£128
Gardener: Once a week: $87/£53
Incidentals: $150/£91

Mexico: $2,129/ £1,304 per month

Here is a little more data for Mexico...

I was in Mexico in a top 20 city by population in 2011 and again in 2012 and I stayed with a family with two teenagers and they live with about $2,000 a month, only the husband worked. The rent for their 3 bedroom 3 bathroom house in a safe gated community was $600 a month. Another house in the same neighborhood was available for $75,000 to buy. Utilities about the same. No gardener and no maid. They have two cars and use them everyday.

I think like bacon said above, prices can vary a lot in Mexico.

Some more data on Mexico. I've been living in Playa Del Carmen for 2 years. Here are my monthly expenses.

Rent - $270 in a big 3 bedroom + office house (500meters from beach)
Internet/Electricity - $150 (I pay more than needed because I need 2 high speed connections for daytrading)
Maid - $50
Entertainment - $300 (going out a few times a week)
Food - $400 (eating out a 3 times a week)

Total per Month $1170 (some months slightly less or more)

You could definitely live here for $1k or less if you were more conscious of budgetting. This isn't something I care to do

[thegmanifesto]

(03-01-2013 12:20 PM)gsinplaya Wrote:  

Rent - $270 in a big 3 bedroom + office house (500meters from beach)

Is that pretty standard around there?

Or are you living way north in playa, or what?

[freshcream]

quick sheet on Leon.

It's a small city with a lot of bars/restaurants/clubs. That's what I loved about it. My favorite spots all over the world are places where you can eat, drink, fuck, live and WALK between it all.

I had a social circle, who knew some locals. And that gang grew day by day. But all the hostels have cool stuff going on, so if you come alone you'll get some buds soon.

There's a lot of girls in this town. There's two universitites that I know of. I had a friend that went to a uni party, and he said there was mostly girls. And they all wanted to dance with him. Kinda like the castle scene in The Holy Grail ^^ All I know, there's was a lot of girls. And they like you. All of the guys who didn't look like a turd had girls.

The local and foreign girls are all DTF. The local girls aren't as pretty as in the DR, Argentina and Brazil. But, in my eyes you'll get it as easy as in the DR. And it's way cheaper. And safer. And did I say cheaper? I stayed in a CREAM spot for 300USD a month. Cable tv, wifi, cleaning lady EVERY DAY. Logistics like a dream. Damn I miss that place. Doorman who allowed guest. Super pretty garden. I layed in bed watching the champions league, gotta love it.

The beach is close by, with some cool spots to drink and have fun. The bus goes all day. The surf was excellent for a newbie like me. I met purple urkel there, awesome guy ^^. He went surfing a lot.

There's a little hidden gem there called Surfing Turtle. They're on facebook as well. I rented a cheap cabana with my girl and woke up to the sunrise over the ocean every day.

In sum, I'm going back. Nicaragua is for me one of the last hidden gems. But hurry, people are coming fast.

As I've said. It took me a week to reel in the prettiest girl there. So I stopped, and focused on having a good time and learning spanish. Had I gone for more girls I would have lost her, and had to go back to less quality. But hey, my buds man.. they tore it up. Lots of flags, which they now say and care about because of me

I cannot recommend that spot enough. There's just so many cool things to do and see. And everything is close.

I have one more year to travel. I'm not doing South America, I'm doing Nica-Costa-Panama. Maybe some Mexico as well.

Also, the taxi is 1 buck wherever you're going inside the city. I took a lot of cab.

Any questions? Shoot!

[gsinplaya]

(03-01-2013 12:55 PM)thegmanifesto Wrote:  

(03-01-2013 12:20 PM)gsinplaya Wrote:  

Rent - $270 in a big 3 bedroom + office house (500meters from beach)

Is that pretty standard around there?

Or are you living way north in playa, or what?

38th street...wouldn't consider it "way north" - 5/10 minute walk to the bars on 12th. You'll only get these rates with a 6 month + lease and renting directly from a mexican owner.

[thegmanifesto]

(03-01-2013 01:43 PM)gsinplaya Wrote:  

(03-01-2013 12:55 PM)thegmanifesto Wrote:  

(03-01-2013 12:20 PM)gsinplaya Wrote:  

Rent - $270 in a big 3 bedroom + office house (500meters from beach)

Is that pretty standard around there?

Or are you living way north in playa, or what?

38th street...wouldn't consider it "way north" - 5/10 minute walk to the bars on 12th. You'll only get these rates with a 6 month + lease and renting directly from a mexican owner.

Cool. I think I know a girl that lives up there. Or did.

Side question:

Do you ever get in fights in Playa? Or is it just me?

I dug the place a lot, but of course I got in a street fight which kind of soured me on the place a little.

[gsinplaya]

(03-01-2013 01:46 PM)thegmanifesto Wrote:  

(03-01-2013 01:43 PM)gsinplaya Wrote:  

(03-01-2013 12:55 PM)thegmanifesto Wrote:  

(03-01-2013 12:20 PM)gsinplaya Wrote:  

Rent - $270 in a big 3 bedroom + office house (500meters from beach)

Is that pretty standard around there?

Or are you living way north in playa, or what?

38th street...wouldn't consider it "way north" - 5/10 minute walk to the bars on 12th. You'll only get these rates with a 6 month + lease and renting directly from a mexican owner.

Cool. I think I know a girl that lives up there. Or did.

Side question:

Do you ever get in fights in Playa? Or is it just me?

I dug the place a lot, but of course I got in a street fight which kind of soured me on the place a little.

I haven't heard of it being a problem...no issues for me at all. My buddy did get headbutted in La Santanera one of the first nights he was here but I think he was giving a local some unprovoked attitude.

[snoop]

(01-01-2013 03:53 PM)bacon Wrote:  

this could be a retirement thread but i am curios where one could live comfortably for 1000 usd. i understand people could pull it off even in western countries but where can you pay 200 or less in rent with little visa problems and the rest go to food and partiies?

Rural, midwestern areas of America, although it might be up to about 250/month now

[samsamsam]

I know I am bumping an old thread, but another thread mentioned something about 1k/month and had me thinking.

What would you need in capital to make 1k a month? How would it be invested? Just curious a bit of mental masturbation tonight.

300k at 4%, maybe dividend stocks. Not sure where yields are on company bonds, not sure if Uncle sam is paying anything close.

RE is a mixed bag. Have had my share of experiences. Even with the best planning and reserves.

[Merenguero]

(03-01-2013 01:43 PM)gsinplaya Wrote:  

(03-01-2013 12:55 PM)thegmanifesto Wrote:  

(03-01-2013 12:20 PM)gsinplaya Wrote:  

Rent - $270 in a big 3 bedroom + office house (500meters from beach)

Is that pretty standard around there?

Or are you living way north in playa, or what?

38th street...wouldn't consider it "way north" - 5/10 minute walk to the bars on 12th. You'll only get these rates with a 6 month + lease and renting directly from a mexican owner.

I think I know exactly where you are/were staying and it's probably your best bet in that whole town. Who did The G Manifesto get into the fight with in Playa? I've never seen one fight or even argument in Playa. Just a lot of annoying as hell bollockses on La Quinta.

[jj90]

(02-11-2017 02:26 AM)samsamsam Wrote:  

I know I am bumping an old thread, but another thread mentioned something about 1k/month and had me thinking.

What would you need in capital to make 1k a month? How would it be invested? Just curious a bit of mental masturbation tonight.

300k at 4%, maybe dividend stocks. Not sure where yields are on company bonds, not sure if Uncle sam is paying anything close.

RE is a mixed bag. Have had my share of experiences. Even with the best planning and reserves.

This ain't mental masturbation brother. It's visualizing your goals.

Anyways, you'd be hard pressed to find CD's paying greater than 2%, so that's 600K. Dividend stocks at say 5% maybe, 240K. High yield or REITS at 8%? 150K.

Pick an expense point you can tolerate, build some businesses or work online, and it's totally possible to expat. Hell, you can skip the accumulating capital part and do copywriting for sites.

[lavidaloca]

(02-11-2017 02:26 AM)samsamsam Wrote:  

I know I am bumping an old thread, but another thread mentioned something about 1k/month and had me thinking.

What would you need in capital to make 1k a month? How would it be invested? Just curious a bit of mental masturbation tonight.

300k at 4%, maybe dividend stocks. Not sure where yields are on company bonds, not sure if Uncle sam is paying anything close.

RE is a mixed bag. Have had my share of experiences. Even with the best planning and reserves.

samsamsam a lot of it depends on personal factors.


1. Where are you investing? In North America you can probably have a higher draw than if you invested heavily in equities in other developed countries.

2. Do you have a future inheritance? A not small percentage of the population will probably receive substantial inheritances at some point in their lives.

3. How long does the money need to last really? If it lasts 20 years is that enough? I mean in 20 years you'd have a ton of time to get something going business wise.

4. What do you invest in? If your invested heavily in North American equities the amount you can pull from it is higher than someone invested in something more modest like GICs.


I ran a few different calculations for myself on http://www.firecalc.com/

I removed the 3.0% inflation rate and made it 0.0%. Yes, I realize inflation does exist. But I'd expect any additional source of income via remote work or business would more than cover this.

I figured out my time frame. (In my case I need to make my money last 20 years. Good chance less than that. No I'm not going to die in 20 years likely but external factors make it the amount of time I have to plan for.)

I figured out my portfolio and plugged it in. (100% equities) Yes I'll keep a minor amount of cash on hand. Right now I'm about 98% equities / reits and 2% cash.

I then plugged in various numbers.

My results were that with 1 million dollars I could spend 70,000 a year (Consistent no inflation increases in my spending for 20 years.) - There is a 92.9% my money would survive 20 years and the average after those is $2,149,781.00

Keep in mind that my odds would actually be likely better than that because during recessionary times I could easily curb spending. I wouldn't also let it dwindle to below a certain threshold. In my case probably 800k.

If I want to be even safer... $60,000 a year takes me to 96.8% and $50,000 a year to 98.4% with an average end portfolio of $3,388,496


With your numbers

I'm not sure about your personal factors but I'm going to assume you need it to last 20 years as well.

Using the same factors I plugged in as my calculations (100% equities, 0% inflation, 20 years)

$170,000 - 92.9% chance with an average at the end of $359,269.00

$190,000 - 96.8% chance with an average end amount of $488,975.00

$210,000 - 98.4% chance with an average at the end of $618,681.00

$265,000 - 99.2% chance with an average at the end of $975,371.00

$300,000 - 100.0% chance with an average at the end of $1,202,356.00

How much risk you are willing to take on will be a major driving factor. Keep in mind that you need a huge amount more money on a percentage basis to go from 98.4% to a 100% chance. The reason being in the shitty case you retired the year the great depression or some other once in a lifetime event occurred your portfolio would be smoked. Assuming you did retire in that time and that did happen, you are still able bodied though and probably wouldn't go fuck it, I'll just keep spending. You'd probably take on some work and let your portfolio grow again.

This calculation is based on historic values. Obviously something could go wrong but for me I'm happy with about a 97% chance of success.

In my case in order to go from 96.8% with $60,000 spending up to 100% my portfolio would have to go from $1,000,000.00 to $1,500,000.00. That is a somewhat ridiculous $ difference in order to get 3.2% better odds.

I'd rather make some changes during recessions to make it work then worry about saving hundreds of thousands more to get to 100%.

[samsamsam]

Lavidaloca,

Thanks for taking the time to do that and sharing that website. Appreciate it.