The Fastest Way to Save MOST of Your Income

That’s the dream, right? You’re able to save 50% of your income. If you’re married, this means you can pocket once person’s entire salary. Crazy, right?! That’s doing pretty well.

A lot of people grow up assuming some things are just the way they are. Many people believe they cannot change their circumstances. This is a mistake. Steve Jobs passionately illustrates this point in this video.

You are not a slave to your circumstances. Circumstances change. Are you feeling energized about changing your situation? I hope so! Because I’m suggesting you move out of the United States. Now, I LOVE America. I believe it is the overall greatest country on earth. However, living in America is the land of high salaries and spending more than we earn. Saving 50% here is hard to do in comparison with other countries. Our cost of living is too high.

A person can live in Mexico, for instance, for 50% less than in the estados Unidos.

Have you thought about moving to Mexico? You could live the same lifestyle as in America – but for half price!

This sounds too good to be true. Beaches, warm weather, fresh fruits and vegetables… and it’s cheaper?! But there are things to consider. After all, moving your life south is a pretty drastic change.

The reason I use Mexico is we’re all familiar with our neighbor to the south. However, living outside the USA is almost always cheaper. You could also move to many parts of South America, Asia, Eastern Europe, India, and elsewhere and still find a 50% coupon waiting for you.
I spoke with a lot of people in real life about the feasibility of doing this. Many people think it’s crazy but they can’t tell me why. It’s an emotional response I get – not logical. Can a person save 50% by moving to Mexico – yes. That’s my logical reason for moving. Many people don’t have a logical reason for not doing so.

As stated earlier in this post, the United States is a fantastic country – by nearly any measure. BUT if you want to reach financial freedom ASAP, consider a move abroad.

A move abroad does not mean you are gone from America forever. You can come back later on once you’re financially free. With a 50% savings rate, you may be able to move back in just a decade!

The Fastest Way to Save MOST of Your Income

Making Money in Mexico

Of course, saving 50% of your income is silly if you only earn 1,000 pesos/day. It’ll take quite awhile to reach financial freedom at that rate. But with an American education, you may find it easy to find a high paying job in Mexico.

Have you considered working online? Many companies are allowing employees to work remote. This is probably your best way to reach financial independence while living abroad. Think about it… getting paid in USD but living on MXN… sounds pretty good to me. If you’ve not read The 4-Hour Work Week – you really should. If you take nothing else from this article, remember to read that book.

Join our newsletter

If you like Critical Financial, subscribe and get our latest content via email.

Powered by ConvertKit

Share this post:

Recent Posts

Leave a Comment

*

Eat for free for a whole month via the meal kit companies discounts for new customers.

How To Get a Month of Free Food: 9 Meal Kit Companies Offering Discounts to New Customers

Play your cards right and you might be able to line up a month’s worth of free meals if you were to try out all nine of the meal... more →
Generate extra cashflow -- here are 97 ways.

96 Awesome Ways to Generate Extra Cashflow

Who doesn’t want more money nowadays? We’ve got you covered on that front. Here comes a long list of different ideas on... more →
Valentine's Day gifts that won't destroy your budget

Valentine’s Day Crafts Are Romantic Rescue from Crazy Inflation

Fall for the hype this week and you’re out an average of $143.56 for Valentine’s Day. Crafts and other do-it-yourself tactics... more →

Ultimate Guide to Bitcoin — FREE Ebook!

Have we got something for you: a free ebook about bitcoin! more →
Get a flu vaccine.

Why You Need To Get a Flu Vaccine Right Now

Flu vaccines aren’t just for the elderly  anymore. Here are 25 reasons you should go get vaccinated. more →
Financially successful

Acquire the Trait All Financially Successful People Have

Financially successful people tend to all have a lot of self-discipline. Improving your discipline in one area of your life often spills... more →

What’s the Best Free Recipe App?

The Apple Store and Google Play together offer more digital cookbooks than you probably have room for on your mobile device. So which... more →
New tax law might slow down housing market.

What Will the New Tax Law Do to the Housing Market?

The new tax law will have a profound impact on the housing market, although in ways that go beyond the deductibility of mortgage interest... more →

4 in 5 Households Will Get a Tax Cut in 2018

Four out of five U.S. households will get a tax cut as a result of the legislation that President Donald Trump signed into law today. more →
Will bitcoin reach $100,000?

When Will Bitcoin Reach $100,000?

Bitcoin has accelerated its pace of appreciation in recent months, and if the current levels between $15,000 and $19,000 make you itch... more →
The Dow Jones topped 24,000 -- now what?

The Dow Jones Crossed the 24,000 Threshold. Now What?

Stocks appear to be increasing in volatility, yet the markets closed on Monday, December 4 with the Dow Jones Industrial Average is... more →
Peer mortgage

Should You Get a Peer-to-Peer Mortgage?

If you can’t get approved for a home loan from a bank, you might want to look into applying for a peer-to-peer mortgage. more →
Investment gifting is awesome.

4 Things To Know Before You Donate an Investment

While donations of any kind are appreciated, gifting investments benefits both the giver and the receiver. Here are four key things... more →
Are you wondering: What's the Relationship Between the Stock Market and Federal Debt?

What’s the Relationship Between the Stock Market and Federal Debt?

Wouldn’t it be wonderful if gains in the stock market could actually reduce U.S. government indebtedness? If that were true,... more →
Government Sponsored Retirement Account, myRA

Meet The Government Sponsored Retirement Account-MyRA

The Following is a guest post from Richard Dedor.  Richard is a national motivational speaker, personal coach and author, writing... more →