Living on Less Abroad?

In the book Why We Want You to Be Rich, Robert Kiyosaki said that in order for individuals to keep up with the rising costs of living, they would either have to earn more, spend less, downsize their living, invest, or all of the above. Putting aside his basic premise of staying in the US and struggling (which is what he was getting at by downsizing), I put a different twist on this. Instead of worrying about the bills coming due soon, why not consider moving abroad? Perhaps living down in South America would be your particular cup of tea. It would be perfect for the PT lifestyle. You could be a citizen of Paraguay (low taxes + visa free entry into many Euro countries), party in Brazil, live in Argentina, and have assets in Uruguay. But the point is that while Mr. Kiyosaki is right that we will all probably need to downsize, instead of downsize, why not economize and move places where you cost of living goes down, and you quality of life goes up? For cost comparisons of various places, check out numbeo.com .