Post
Topic
Board Economics
Re: Saving is not enough
by
Minor Miner
on 01/07/2025, 09:32:44 UTC
Instead of relocating to a developing countries with a million dollars you can invest that money into a good business that will bring in a good profit in a developed country because one million dollars is a huge capital that can bring in a good profit that can sustain a family in any part of the world.


This issue of running away from your country because of the living standards is one thing that I don't really like because running away is not the problem you will definitely come back and meet thesame situation so the solution lies in you staying and working things out for yourself

Moving to a country with a low cost of living has its downsides but investing and doing business are no exception as they also have risks. What guarantees that we can make more money from a capital of 1 million dollars through business or investment?

If you know you are not good at business and are constantly losing money, then there is no reason to continue doing business and only get disastrous results. In that case, moving to a lower cost country would be a better solution. On the contrary, if you are confident in your business ability, staying in your hometown and continuing to develop your career is a better choice.