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RE: Vlog 220: My version of financial freedom.
Yes, you can live with less in a developing country. But in places like the Netherlands you have your medical expenses pretty much covered by being a citizen or a permanent or semi-permanent resident. Getting cancer or a stroke can be a total financial disaster in a third world country or a country that doesn't have universal coverage if you don't have an insurance policy with extensive coverage. Such insurance policies tend to be quite expensive. You should factor that into your cost of living in a third world country.
That is a very good point! Never thought about it like that. Thanks for commenting :-)
When you're young you are better able to risk living in a third world country from a cost of healthcare point of view. But if you're middle aged or old the prospect of becoming seriously ill should give you a pause. Also, if you become incapacitated by serious illness, you could end up in a horrible place unless you have become part of a community of trustworthy people. In welfare states, you will be taken care of by the system.