The cost of living in the US is climbing, and if you’re looking for affordability, then it might be time to consider the nomad or expat life.
It costs about $5,500 every single month for a family of four to live at a basic level, and three of the top 10 most-expensive cities to live in the world are U.S. cities (New York, Boston, and Miami).
It’s totally insane, and it’s getting to the point where it doesn’t matter what area you pick, the cost to live in the United States is getting almost unbearable.
Red state, blue state, purple state, it doesn’t matter. They’re all expensive because even if you find the most affordable state to live (Mississippi in this case), then crime, economic stability, and poor infrastructure become a problem.
But saving money to live in an impoverished, high crime area isn’t a good trade. Crime carries its own direct and indirect costs. Not to mention, earning potential is much lower in the more affordable states, which can make inflated prices even harder to deal with.
After considering the costs and benefits, you scratch Mississippi off the list and begin to consider a “better” state like Washington. But if you move there, you’ll be in one of the worst states for overall cost-of-living and housing affordability. And it’s likely that a higher percentage of your income will go to housing, even if your income is higher than it would be in Mississippi.
So we can measure how expensive a place is based on housing or extraneous costs like crime. And now, we can measure it by the cost of a Big Mac…
Even Big Macs Are Super-Expensive in the U.S.!
According to one fun economic analysis called the Big Mac index, the United States fails when compared to most other countries in the world.
Here’s how the index is described on at least one website:
“The Big Mac index is a widely recognized and well-known index that compares the price of a Big Mac hamburger in different countries. The index was created by The Economist magazine in 1986 as a lighthearted way to measure the purchasing power parity (PPP) between countries.”
According to this index of the dollar’s spending power for one item, the United States ranks 6th most expensive in the world for the popular McDonald’s sandwich. In comparison, Hong Kong has the 10th least expensive Big Mac in the world.
So even Big Macs are super-expensive in the U.S.!
That means it could be a good time to consider moving to a place where your dollar can stretch a lot further on everything you need.
Here’s What I Mean
To give you a couple of examples that illustrate the potential difference in cost-of-living between the U.S. and the rest of the world:
Consider South Africa, which we’ve previously recommended as a potential expat destination. South Africa has a cost-of-living that is 40% cheaper than Tacoma, Washington in the United States. This was reported by people living in each area.
(Tacoma isn’t really that big of a city, either. Seattle has a much higher cost-of-living.)
According to International Living, even places outside of tourist areas in Italy are half as costly to live than major cities in the United States.
Same holds true for middle class families in Mexico, where it only costs about $2,000 a month to live comfortably. Careful though, it could be challenging to get an ID.
So the best suggestion I can offer you if you’re thinking about trying to escape the U.S. cost-of-living “prison” is this: Get expert advice based on your individual situation and financial resources…
Here’s How to Find Your Best Living Situation Possible…
Living the life of a digital nomad is, hands down, the absolute most fulfilling and free lifestyle there is.
You can live anywhere in the world, and still have an instant “exit plan” in case things go crazy wherever you might choose to live.
There’s always somewhere safe to live freely, make good money, and keep as much of that money as possible. That can even include buying better priced Big Macs!
The best way to do all of that is to become a digital nomad.
But the question I get asked the most is: “How do I get started?”
The answer is: You can schedule the first in a series of unlimited 1-hour consultations with me when you become a GWP Insider.
On the very first consultation, you’ll get an insider’s perspective from someone who is actively and successfully living the digital nomad lifestyle…
Prepare your best questions for the first call, and we will:
- Help you find a much safer place to live while keeping your money secure.
- Work together to lower your tax burden and reduce costs (like your cost of living).
- Implement the business and wealth internationalization strategies that make sense for you, offered from an “insider” perspective you won’t find online.
People from all walks of life become GWP Insiders, like:
- A Canadian ecomm entrepreneur living in Portugal making 6-7 figures net. He needs to know where to register his company and how to get out of the Canadian tax system without owing much (or anything) in Portugal.
- A German SaaS company owner living in Thailand.
- A Brit who is nomadic with a digital marketing agency.
- An American with a digital products business living in Mexico.
- People who are escaping an authoritarian central banking system.
But even though my clientele are diverse, they’re all facing similar challenges.
They all want to live safely, create the right business structure, and optimize it for a low-tax multi-jurisdictional approach in different parts of the world (to stay free).
And I’m the one guy they come to for help!
So if want a rock-solid exit plan, where you can exploit every possible tax loophole, all while avoiding the #1 most common business structure mistake (plus others unique to your situation)…
Then you should join us inside GWP Insiders.
Once you join, you’ll immediately get to schedule your first 1-hour consultation with me. This can be used to discuss your banking situation, ideal locations that could help you “get away from it all,” business structure, or even to make professional introductions for your specific needs.
One consultation would normally cost $445 to $4,000 depending on your situation, but GWP Insiders get unlimited consultations at no additional charge.
You’ll also gain access to the private membership area, which includes a variety of business, life, and wealth internationalization strategies that give you shortcuts to success with the following:
- Offshore companies,
- Trust planning,
- Tax planning,
- Real estate,
- 2nd passports,
- Discounts on offshore structures
- And so much more.
Once you’re a member, you’ll want to immediately download and read the latest edition of my Offshore Banking Report.
Inside this valuable guide you’ll discover safe places to put your money along with my commentary to guide you, plus a whole lot more:
- The 9 best licensed offshore banks, plus my commentary on each.
- How to start banking in the US without visiting a single branch.
- How to leverage “Fintech” institutions like the wealthy elite do.
- How FATCA could “trap” you even if you aren’t a U.S. Citizen.
- The Top 5 Traditional U.S. Banks that accept non-residents.
Look, I’ve made joining GWP Insiders and scheduling your first 1-hour consultation with me as easy as taking a walk in the park.
But if you’re still skeptical, let me provide just one example of the potential value that waits for you inside…
This one comes from a recent client case study (I’ve changed their names for privacy purposes of course):
My client, Mike and his wife Sara run a very successful online coaching program. Mike is American and Sara is from New Zealand.
They earn just a bit over $1 million per year in next taxable income. Mike and Sara were paying around $350,000 per year in taxes when they joined GWP Insiders and scheduled their first consultations.
After a few consultation calls, some business restructuring and a bit of creative residency planning, now Mike and Sara pay precisely zero in income tax, all completely legal in the US, New Zealand and their current country of residence.
Of course Mike and Sara had to invest money in addition to the membership program, but let’s just say their net tax savings was several multiples of their total investment to restructure.
That’s because I taught them several secrets that their accountants had no idea existed.
And here’s the funny part: They were so skeptical, they hired their lawyer to review my plan and he had no idea what I proposed was possible, but in the end he confirmed with Mike and Sara that everything was legit.
Not only that, Mike and Sara’s lawyer now refer clients to me.
And now, for a limited time, I have one more surprise for you to get started…
If you go to this special page and sign up you’ll also receive an 80% discount.
To live freely is divine,
Bobby Casey
Location Independent Entrepreneur
P.S. The cost of living in the U.S. is skyrocketing, and isn’t likely to get much better any time soon. But you can do something about that, starting now…
So once you join us, bring me your toughest questions about leaving the U.S. and becoming a digital nomad. I’ll answer all of them on our very first call, from the perspective of an insider who is doing it.
Massive financial and personal security for the right person. Hurry, and go to this link to save 80% right now.
