6 ms·

$500/month will go a long way in many countries out there or for many life styles. Since we don't know who this person is or how/where they live, I wouldn't aut

$500/month will go a long way in many countries out there or for many life styles. Since we don't know who this person is or how/where they live, I wouldn't automatically assume they need to target a higher MRR.

imjustsaying 8y ago
I agree with this to this extent: if you have no dependents, no plans to save money for retirement, you own your house or have a free living arrangement, you don't need to travel between cities, you don't maintain a car, then this is absolutely possible in many countries. I just wanted to point this out for any potential digital nomads out there - yes it's possible, but probably not in most people's cases, although I'd like to hear stories of people who've made it work. Personally I could never make it work with less than $1k/month - but much of that was due to housing costs. Keep in mind though the costs of even bare bones laptop & internet connection business models start becoming significant as a percentage when you operate at revenues this low. Replacing one broken laptop is going to eat more than half your monthly revenue, for example - and laptops/desktops are generally even more expensive when you're not in the US or China.
- sixothree 8y ago
  Additionally, $500 suggests a certain amount of work required and level of skill.
justaguyhere 8y ago
500$ (lets say after tax) is HUGE in many non-western countries. Depending on the city, it is possible to live very comfortably at this amount for a single person. And decently, for a family. And that includes medical insurance. We aren't talking NY or SF here, but there are lots of nice places in the world that aren't Silicon Valley :P
- fierro 8y ago
  lol yep. my friends in Medellin make about 500$ a month and live great. They get to eat out occasionally, party, go on trips. Nothing lavish, but sustainable.
  - krn 8y ago
    It's even possible in Europe. Lviv, Ukraine is almost Central Europe in both, its geographic location and the quality of life, with the rent prices 91.06% lower than in San Francisco[1]. [1] https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&city1=San+Francisco%2C+CA&country2=Ukraine&city2=Lviv https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...

imjustsaying 8y ago

I agree with this to this extent: if you have no dependents, no plans to save money for retirement, you own your house or have a free living arrangement, you don't need to travel between cities, you don't maintain a car, then this is absolutely possible in many countries. I just wanted to point this out for any potential digital nomads out there - yes it's possible, but probably not in most people's cases, although I'd like to hear stories of people who've made it work. Personally I could never make it work with less than $1k/month - but much of that was due to housing costs. Keep in mind though the costs of even bare bones laptop & internet connection business models start becoming significant as a percentage when you operate at revenues this low. Replacing one broken laptop is going to eat more than half your monthly revenue, for example - and laptops/desktops are generally even more expensive when you're not in the US or China.

sixothree 8y ago
Additionally, $500 suggests a certain amount of work required and level of skill.

justaguyhere 8y ago

500$ (lets say after tax) is HUGE in many non-western countries. Depending on the city, it is possible to live very comfortably at this amount for a single person. And decently, for a family. And that includes medical insurance. We aren't talking NY or SF here, but there are lots of nice places in the world that aren't Silicon Valley :P

fierro 8y ago
lol yep. my friends in Medellin make about 500$ a month and live great. They get to eat out occasionally, party, go on trips. Nothing lavish, but sustainable.
- krn 8y ago
  It's even possible in Europe. Lviv, Ukraine is almost Central Europe in both, its geographic location and the quality of life, with the rent prices 91.06% lower than in San Francisco[1]. [1] https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&city1=San+Francisco%2C+CA&country2=Ukraine&city2=Lviv https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...