1) Currency Value within a Country
2) Job Opportunities within a Country
3) Income-living cost ratio
In a utopian world, the best thing to do would be to travel to a country with a strong currency, few expenses, and good job opportunities so that when retirement comes around you can travel somewhere with a weak currency and cheap living standards, being able to live in luxury.
For example, working in a country with US Dollars and then moving to Europe would be counter productive because you would suddenly have less money. If you were to earn a lot of the following:
1. Kuwaiti dinar
2. The Maltese lira
3. The Bahraini dinar
and then move to Europe, you could live very well.The problem is: how are the expenses in Kuwait, Bahrain, and Malta? Is the living cost high? How are job opportunities?
In essence, the plan would be to move somewhere where you can work very little and go into retirement soon. Any advice?
2007-12-07
03:12:37
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4 answers
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asked by
Carrot, the Peanut
1
in
Economics