Working on it…
Anyone want to invest in an offshore hedge fund? Anyone? We’re really good!
I guess I’d have to say that I’m in the upper-middle class arena because of where I live. I earn a South African paycheck living in the Czech Republic. Which would be comparable to someone earning a Tokyo salary living in, say, Seattle or maybe San Diego. I walk around with $50 in cash in my pocket, and often buy the drinks when I meet friends/someone at a bar. Then again, beer only costs $0.35 a half liter…but still.
We don’t own a car, don’t have to pay for health or car insurance, only pay $400 a month in living expenses and my student loans are almost paid off after only 5 years. Once they are paid off, we’ll be able to live on my wife’s paycheck and invest all of mine. And still have money to go on 3 week vacations every year (but we love to travel, so we devote 1.5 months of my salary to travel).
That said, I probably earn less then most working people here, in US$. Depending on the exchange rate, I take home about $18,000 a year.
Now, if I were making the US paycheck that most working expats earn…oh jeez would that be a different story! My neighbor has monthly expenses of $500 a month, but probably takes home over $125,000 a year. Yes, he wears Armani suits, yes, he NEVER eats at home, yes, he takes his girlfriend on business trips…That guy has SSSOOOOOOOO much disposable income it is sick. And most of the expats I know are in the same boat. They just work for the US or UK, I just work for a middlin’ country.
But if this new venture works out- aaaawwwww yyyeaaahhhh…I hope to have $250k invested in the next 10 years, and then I’ll be able to retire here at age 40. The lifestyle I hope to be able to live will be comparable to someone with $1 million in the States. Buy a ranch, grow some grapes, make my wine and travel 3 months of the year. And when I die- leave nothing behind. Who wants to die rich? My kids will have to work like I did, they ain’t getting dink. Builds character (and lets me own a home theatre system with ALL the bells and whistles).
-Tcat