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.