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Benefits of 3rd World Lifestyle
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What are the benefits of living in a third world country?
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What are the benefits of living in a third world country?
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Firstly, it depends on what you mean by third world. Historically, it had a Cold War meaning. Recently it has meant a poor country or even a developing country. Some people now define countries which are mid-income as third world, if they are coming from a rich place. This has resulted in many people thinking that all developing countries are poor, dirty etc. Yet this is what Kuala Lumpur’s metro/subway/MRT looks like: This is what Mexico City can look like: To be sure, these are mid-income places, but the point is, you can live in life at a fraction of the cost you are used to, and with most of the first world pleasures, in such destinations. Therefore, you see an incredible number of business owners and other location-independent people living in places like Thailand, Malaysia and various Latin American countries. If you can earn a decent income globally, then why not have some experiences and live more cheaply? You can pay less taxes and general costs, and have a better quality of life, and still save and invest more. That means you can do more things – be it early retire or semi retire early, or just have more experiences in general. In terms of the truly poor countries of this world, which is closer to the original meaning of the third world expression, there are still benefits. You can: Experience new cultures which are probably very different to your ownReally make a difference. If you are an NGO worker or business owner in some of the poorest countries in the world, you can physically see the difference you are making.You can also see very quick development. Imagine being an expat in Shanghai for 30 years and seeing the changes as China moved from being very poor to mid-income. Or imagine being an expat in a place like Japan, Korea or Taiwan. They have gone from dirty poor to rich in about three generations. I know people who arrived in their 20s and are still around at 65. You can learn more things. That includes appreciating the good and bad about your own country, and host country.A final benefit of all emigration, is that people who do it are taking massive action and risks. That can benefit you in many ways in life. Some Reading Adam Fayed PodcastWelcome to the Adam Fayed podcast. The financial podcasts for expats, people interested in investing and passive income.
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One of the greatest benefits of living in developing countries was how much extra time I had. I did not cook a single time for two years while I lived in Thailand or when my family lived in China. Meals in Thailand were $1–2, I ate out every day. I got home cooked food, I did not have to buy groceries, I did not have to prepare my food, and I didn’t have to wash a single dish for two years. This literally saved me 2–4 hours each day. Life was so easy. Now that I’m back in the U.S., buying groceries, preparing food, cooking it, and washing dishes takes up a ridiculous portion of my day. I wish I had that time back. The other benefit was greater wealth. I lived on around $1,000 a month including weekly vacations to islands, rent, a motorcycle, and fun excursions. I only worked two to three hours per day teaching English online five days a week ($40-$60/day, $1100 a month plus a $400/month scholarship from my school). I lived a life of leisure on a tiny salary. It was absolutely lovely. My salary is more than 4–5x that now in the U.S., but I can’t afford to travel weekly or do excursions multiple times a week the way I used to, despite the major increase in salary. The other benefit is the pure fun. My family brought go-karts from the U.S. and drive them through the villages and streets of China. There were no rules against it. We climbed ruins of the Great Wall. I rode a moped, unlicensed through the streets of Thailand. Nothing was off limits. They weren’t going to win any safety awards. But, weaker governments in developing countries mean less rules, and that means a lot more freedom and fun. The last is the people. Undeveloped countries often have a sense of community that I’ve never experienced in the U.S. We’re so fast paced here, we forget to sit down and get to know each other. I loved having people I’d just met sit me down and prepare me dinner. I loved that everyone stopped and talked to me, they were never on a schedule or too busy. Our fast paced environment is great for productivity, but for me, it’s often short on love and connection. I think most developing countries have a lot greater connection and community. It’s not all sunshine and roses, but man do I miss living in a developing country.