
02-27-2007, 04:13 PM
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Editor Emeritus
Join Date: Aug 2006
Posts: 15,171
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Re: crazy idea, but it may just work
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Originally Posted by isajoo
But, take for example a country like INDIA, british culture(english speaking), cheap houses(average $50000), dirt cheap living expenses(food,gas,hydroaverage $400 monthly) and heres the best part, the banks there give an interest rate anywhere from 6.5%-8.5% annually(many tax free). so it would not take much(min. $100,000) to live off only savings.
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While this is true in some areas, do realize that the cost of living in desirable places is booming as the country's economy continues to do well. Mumbai, for example, has become very expensive in areas. My parents bought a property there last year, and its value has doubled even before the construction is complete.
Also, depending on where you live, you'll want to learn some Hindi. While it's true most of the educated folks speak English, this is less common amongst the average joe. This also depends on where you go.
--janak
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