Quote from: Minor Miner on July 01, 2025, 09:32:44 AM

Quote from: Mate2237 on June 30, 2025, 08:28:22 PM

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.

It would be an option and thats currently happening in our country on which there are tons of Americans, Chinese nationals are that trying out to reside into this country on which they are that building up their business on which considering that living cost and everything on here is much more cheaper. If we do speak about on having that $1M fund then there's tons of things on which you can be able to do here or into those 3rd world developing countries on which foreign currencies does have that big value on which they can move it out that much on this case. If you are having that amount then it would be that wise on taking up such step but just like you've been said that its not a guarantee that you could succeed on because we do know that when it comes into this aspect then you would be ending up neither succeeding or would be failing too. Also, having that migration kind of decision is never been that simple because there would be tons of adjustments and considerations on which you would be needing to process. As much as possible then nothing as great that you would be staying up on your hometown and since you do have the money then you can still be able to apply and make out of it on which it would be just that requiring that proper planning and execution on which of course risks management should be that considers as well. Speaking about savings then we do know on whats the purpose of this thing on which this wont be just that only for emergency purposes but also for you to have that chances to make out some investment and businesses as well on which simply means that it do serves different purpose on this case. This is why as much as possible on which you would be needing up to allocate some of funds or extras into your savings on which this comes after on paying up the bills and expenses on which we know that not all would be having this kind of capability specially to those who do just that earn sufficient on their daily living and thats why they would be that failing on making up some savings and thats why it would be that ideal that you should be allocating some funds if you do have the chance on doing so. It will be that up to you because we do know that on the moment that shit things happen and if you dont have that savings and financial need urgency happens then you would be having that hard time or that big challenge.