253: Cost of Living Expenses in U.S. vs. Abroad
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Johnny & Derek sit down for a one on one episode to compare their respective cost of living expenses. Johnny has utilized location arbitrage by living in cheaper countries outside the U.S. while Derek lives in one of the most expensive cities in the U.S., Los Angeles. They\\u2019ll break it down by category and find out who is getting the better deal in each. Johnny also gives helpful tips for those considering relocating from the U.S.
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Listen to ILAB 253 on iTunes here or subscribe on your favorite podcast app.
Where we are:
- Johnny FD \\u2013 Greece / IG @johnnyfdj
- Sam Marks \\u2013 Thailand / IG @imsammarks
- Derek Spartz \\u2013 Los Angeles / IG @DerekRadio
Sponsor:
- Indeed
Indeed knows that when you\\u2019re doing everything for your company, you can\\u2019t afford to overspend on hiring. Visit indeed.com/ILAB for more details.
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Discussed:
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- ArtofFX \\u2013 Start with just a $10,000 account (reduced from $25,000)
- Fundrise \\u2013 Start with only $1,000 into their REIT funds (non-accredited investors OK)
*Johnny and Sam use all of the above services personally.
Time Stamp:
- 07:18 \\u2013 Where did you start Johnny and where have you been living the last 10 years?
- 09:05 \\u2013 Are there any cities out there that are surprisingly quite cheap to live in?
- 15:41 \\u2013 First let\\u2019s talk about housing?
- 19:32 \\u2013 What about how the cost of utilities varies?
- 24:55 \\u2013 How much do you think air bnb\\u2019s cost in california? And how does it compare to other countries?
- 28:33 \\u2013 How does insurance vary from country to country?
- 31:05 \\u2013 Johnny and Derek compare their monthly grocery bills
- 37:15 \\u2013 What\'s the average price of having a night out for drinks?
- 44:29 \\u2013 What\'s the \\u201cBig Mac\\u201d Index?
- 50:55 \\u2013 How does Health insurance compare?
- 58:57 \\u2013 Transportation costs between owning a car and public transit?
If you enjoyed this episode, do us a favor and share it! Also if you haven\\u2019t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!\\xa0
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