I know a family in a Russian Village who want to immigrate to Indonesia. They want to sell their home, buy plane tickets and move there forever. Their income is about $300 per month. The man has no formal education and works in construction. Is his plan realistic or idealistic?
Other - Asia Pacific - 5 Answers
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1 :
Lifestyle design is all about changing the way we live so that we can fulfill our passions and experience life now. We should all be striving for early retirement from lousy jobs. My wife and I have a one year plan to quit our jobs and move to a new country. We are not retiring from work, we still want to continue working on interesting projects and possible doing some longer term volunteering, but we do want to retire from our current career of owning an English school in Japan. Too many people still believe that retirement is for the 65 and older crowd who have worked and saved their whole lives and still have trouble making ends meet. How much money do you really need to retire? What if you could retire now, for as little as $500 per month? Of course, that means cutting back on most luxuries and living a relatively simple life but it does seem possible in lower income countries like The Philippines, Cambodia, Thailand, and Indonesia. If you could live on $500 per month ($6,000 per year) and you made 6% annually from safe investments, you would only need to have $100,000 saved to retire. ($100,000 X 6 % = $6,000 per year) Alternatively, if you could make $500 per month from passive income like rental income from your house, or some internet business, then you could effectively retire now. Ken Baylis on EscapeArtist.com, wrote two comprehensive posts (Retiring on $500 per month Part 1, Part 2) on living costs in several Asian countries. Here is the Breakdown.
2 :
Of three? I'd say it would be hard for them, probably they would be in the below middle class live.
3 :
some indonesian don't even earn USD100 a month per family and some of them live under 1USD a day
4 :
It depends on which part of Indonesia they plan to settle. Of course, cost of living in Indonesian cities may vary from one to another, for instance, living in Jakarta is more expensive than living in Yogyakarta. But in general, as Indonesia is still a developing country, personal income (salary) is comparably lower, but so is the cost of living. So, even though living cost in Jakarta is the highest in Indonesia, it is still significantly lower than London, Tokyo, Moscow or even Singapore. So, $300 income per month is considered as moderate to high class income in Indonesia. In fact, a lot of middle-class Indonesian families live with income lower than that, and they cannot be qualified as 'poor' in Indonesia. ISo, I can say, their plan may be realistic. However, there are still a lot of considerations needed before they decide to migrate to Indonesia. Does the family leader will be able secure his job in his future country? Do they have relatives in Indonesia? In fact, while there are thousands of expatriates live in Indonesia, those of Russian nationality are probably very few (besides the Russian embassy officials of course). And while Indonesians is known to be friendly and warm, daily customs, lifestyles, and norms between Indonesia and Russia may differ greatly in many aspects. Are they ready for all of those?
5 :
If they are going to earn that $300/month in Indonesia, sure they can but don't expect a luxurious life. Other thing to consider is that it is not that easy for foreigner to settle down in Indonesia. Do they speak the local language? do they accustomed to the living there? The bureaucracy is kind of maze and pricey too for expatriate. Even some Indonesian still facing difficulties of dealing with it just to get the legality for their foreign spouses to stay in the country.
