10 Countries where you can Live like a Millionaire

Live lifeWhile the strength of the US Dollar is aspired by the currencies the world over, the drastic rise in the cost of living has reduced the actual income of the professional workers for their daily needs. This has led to a desertion of places deemed too expensive in search for some cheaper places to live and enjoy. Some of these places have their real estate spaces being filled up at a lightning pace, so it might be wise for investors to invest in buying some property in these places.

Here are some of the cheapest places where investors can enjoy a king-sized life for the cost of a few bucks:

  1. Thailand

Thailand may be found difficult for some people to adjust, but there is an incentive from the Thailand Government that would be utterly absurd to be ignored – an offer of ‘elite’ residency visas for 20 years at US$60000 for the retirees. Worries about immigration and accommodation are also to be left behind for the Government is offering other amenities like premium immigration facilities, spa treatments, work permits etc. at no added costs.

  1. Spain

Spain’s healthcare system is envied by many across the world for its cheap rates and effective treatment. This makes it extremely viable in a financial sense for the retired couples to enjoy their later ages under the Mediterranean Sun, indulging in luxuries Spain has to offer.

  1. Nicaragua

The sum of a cheap economy and a cheap cost of daily living in this country has resulted in many rich businessmen to buy their luxury resorts in Nicaragua. Being one of the poorest countries in the world, luxuries of all kinds can be supported at a cost of around US$1000 a month.

  1. Panama

Home to the Panama Canal, this country also provides homes to new settlers at rates of US$1000 per month, which makes Panama the cheapest option to reside in the Americas for retirees. The breath-taking surroundings here make the investment more meaningful in the long term.

  1. Malaysia

Malaysia is a country also famous for being a cheap place to lie is certainly one of them. For costs as less as US$1000 a month, payees can enjoy a decent secured life with a quite a few benefits to be utilised at post-retirement age. Adding to this, genuine organic food can be sourced for less than US$100 a month, making it quite cheap to lead a healthy life.

  1. Portugal

The best of Mediterranean hospitality and beauty can be enjoyed in this country at throwaway prices. The cost of average living is very low, with the Government also subsidizing the cost of living for the immigrants belonging to the working age population.

  1. Colombia

Famous for its natural beauty and scenic landscapes, a ticket for the permanent enjoyment of such beauty costs residents as low as US$650 month. The weather here is also perfect, giving residents another reason to enjoy Colombian beaches.

  1. Fiji

Fiji’s cost of living on a daily basis is unbelievable yet true – only US$25 per day. This low cost is augmented by the lower cost of living and cheap food rates, enabling residents to enjoy the best of Fijian landscapes and the scenic beauty of this country.

  1. Vietnam

Vietnam is a land of varied cuisines, quaint surroundings and cheap living – costing just US$50 per day for a luxurious living in well-established cities like Ho Chi Minh. Filling the tummy is also not a headache here with food costing as less as US$10 per day.

  1. South Africa

Despite a mixed weather, residents of this city find themselves treated to a healthy dose of luxury and history alike at very reasonable prices. With the real estate sector exploding and the South African Rand holding its against the US Dollar, anything US$400 and US$700 a month is bound to give investors a taste of luxury feasible for a few dollars.

Living a grand life has never been simpler for working professionals. Investors and professionals are advised to consider investing in some real estate in these sites before the opportunity runs out.

How to Tailor an Investment Strategy to Suit your Lifestyle

financial strategyWhile there’s plenty of doom and gloom surrounding the UK economy as Brexit negotiations continue, investors can still leverage British assets to their advantage. The UK stock market could be poised for a strong rebound during the second half of 2019, for example, while currency speculators can also hedge against the pound as it continues to trade in an ever-depreciating range.

Make no mistake; the UK financial market has never been more accessible or diverse, and there are ample opportunities to make hay even in a depreciating market.

The key is to tailor an investment strategy that suits your unique circumstances, from the philosophy that drives you to your underlying appetite for risk. It’s also important to factor in your lifestyle, and here are some of the key considerations to help you achieve this aim:

  1. What Assets Should you Trade?

Not all assets have been created equal, particularly in an increasingly diversified and constantly evolving financial marketplace.

This means that you’ll need to choose carefully when constructing your portfolio, as you must prioritise assets that suit your lifestyle and potential trading schedule.

If you already have a day job and want to trade as a way of supplementing your income, for example, you may want to avoid the stock market. After all, the London Stock Exchange usually closes at 16:30 during weekdays, meaning that you’ll need to strategise and execute orders while also attempting to fulfil your normal job role.

The same cannot be said for entities such as the forex market, however, which is open for 24 hours and six days a week across three separate trading sessions. As a result, you can access your account, analyse the market and execute orders in the comfort of your own home, without feeling rushed or unnecessarily conflicted.

  1. How Should you Trade?

In many ways, your chosen methods of trading will be influenced by the assets that define your portfolio. Currency is a derivative asset, for example, meaning that traders do not assume ownership of the underlying financial asset and can leverage vehicles should as spread betting to profit in a depreciating market.

Similarly, it’s fair to surmise that most modern traders will utilise online or mobile trading platforms to build and manage their portfolios, particularly as these hubs are also the go-to source of historic and real-time data analysis.

However, your lifestyle may also influence how you invest your capital. In the case of busy or casual traders, for example, automated trading platforms and algorithms can be used to oversee your portfolio and create a managed form of passive income.

Conversely, those who want to invest as a primary source of generating income will prefer to take a more hands-on approach, by building manual portfolios and executing orders independently in real-time.

  1. How Much Disposable Income do you Have?

As a general rule, your lifestyle will also be dictated by your approach to spending and how much disposable income you have each month.

It’s therefore important that you tailor your investment fund to suit your disposable income, as you look to operate within your means and only encumber losses that you can easily afford.

Individuals with minimal capital and a risk-averse approach should avoid derivative assets that deliver margin-based returns. The reason for this is simple; as these assets can generate gains and losses that are far higher than you original investment.

These individuals should also deploy effective risk-management measures, such as the use of stop-losses that automatically close positions once they’ve absorbed a predetermined amount of losses.

Conversely, individuals with larger amounts of disposable income and a healthy appetite for risk can look to embrace margin-based product, while also leveraging short-term market trends to execute a high volume of orders in a relatively short space of time.