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by Veen 3418 days ago
> The holy grail is to geoarbitrage by getting paid by a company in a location that pays highly while living remotely somewhere the cost of living is much lower.

Yes. I work remotely for a US company, and live in Hungary. I'm British. It's a great arrangement. Hungary is a modern country but much less expensive than the U.K.

1 comments

I also work remotely for a US company, but live in the Philippines right now. It's quite inexpensive to live here on the US dollar. Now, the big difference between your situation and mine is that I'm in a developing country that is struggling to become modern in the sense you're referring to and that developers are accustomed to. So I pay a premium for fiber internet fast enough to enable remote work, and I'm healthy and don't need maintenance-level health care.

I wouldn't want to do this if my children were college age, if I were retirement age, or someone in my family had persistent health issues. But for right now, it's great. Especially for those who enjoy island hopping and beach bumming.

I think the infrastructure is a major reason to choose Eastern Europe. Internet speeds are actually better than they are in the U.K. I spent six weeks in Morocco last spring and it was a constant struggle to find consistent connectivity.

Healthcare is another reason: as a U.K. Citizen, I get free healthcare anyway, and that extends for most treatments to EU counties too. When I do have to pay for medical treatment, it's fast and low cost. I had to have a wisdom tooth removed and I was dealt with in a couple of hours at midnight on a weekend. Cost less than $150 including painkillers and antibiotics.

Your comment about internet speed is interesting. Why do you think it's faster in Eastern Europe than in the UK?