Become Rich by Moving Abroad and Losing 50% of Your Income?

As the cost of living - home, rent, insurance, food, and other life necessities continues to increase at a rate far faster than income is growing, even debt-free, financially disciplined people on fixed incomes with fully paid off homes may be barely making ends meet. In this thought exercise, we explore a hypothetical scenario where someone can take a 50% pay reduction, combined with moving to a place with a 75% lower cost of living, can wind up significantly "richer" than someone who stays in the high cost of living country.

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