Actually, in most of the places on this planet where we’d like to go, the cost of living is basically the same, or not too different. What you need to consider is how to earn from the “exchange rate difference.”
For example, a bowl of Lanzhou beef noodles: 🇨🇳 China: 30 RMB U: 4.2u
🇰🇭 Cambodia: $10 💸 RMB: 70 U: 10u
🇹🇭 Thailand: 80 THB RMB: 16 U: 2.2u
🇲🇾 Malaysia: 30 MYR RMB: 51 U: 4.2u
🇸🇬 Singapore: 15 SGD RMB: 75 U: 10.7
Dubai: 40 AED RMB: 80 U: 11.4
🇬🇧 UK: 15 GBP RMB: 135 U: 19.2
🇺🇸 USA: $20 RMB: 140 U: 20
As a consumer, if you don’t consider labor/ingredients/rent and other costs, you’ll actually find that the price difference isn’t huge, but when converted to your own purchasing power, it’s quite different.
This is why Chinese crypto professionals are so comfortable—they’re actually earning from the exchange rate difference, enjoying 7x purchasing power.
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Is your money really enough for your expenses?
Actually, in most of the places on this planet where we’d like to go, the cost of living is basically the same, or not too different. What you need to consider is how to earn from the “exchange rate difference.”
For example, a bowl of Lanzhou beef noodles:
🇨🇳 China: 30 RMB
U: 4.2u
🇰🇭 Cambodia: $10 💸
RMB: 70
U: 10u
🇹🇭 Thailand: 80 THB
RMB: 16
U: 2.2u
🇲🇾 Malaysia: 30 MYR
RMB: 51
U: 4.2u
🇸🇬 Singapore: 15 SGD
RMB: 75
U: 10.7
Dubai: 40 AED
RMB: 80
U: 11.4
🇬🇧 UK: 15 GBP
RMB: 135
U: 19.2
🇺🇸 USA: $20
RMB: 140
U: 20
As a consumer, if you don’t consider labor/ingredients/rent and other costs, you’ll actually find that the price difference isn’t huge, but when converted to your own purchasing power, it’s quite different.
This is why Chinese crypto professionals are so comfortable—they’re actually earning from the exchange rate difference, enjoying 7x purchasing power.