Topic: Is there a place in the world you could live like a king via sig campaigns? - page 22. (Read 7471 times)

As someone who currently lives in the Philippines, a third-world country, earning around $1500/week could make you like a millionaire in the country. You could purchase a comfortable condo unit within the heart of the city, get a brand-new car, and enjoy majority of all the high-end restaurants without worrying too much on your expenditures. You can even enrol your son/daughter in a high-quality university. Basically, you can almost live like a king if you have such purchasing power and income generated from such.

I guess this idea follows to all third-world countries in the world. Personally, if I were given the chance to participate in ChipMixer, I would just open a business and most likely live comfortably for the rest of my life.

1. I think it won't be enough to live on 1500$ for 5 people for all living expenses, expenses, electricity, water, gas… With inflation rate so high around the world, I'm afraid it won't  secure your life anywhere, even if 5 people save maximum cost. 

2. I think a signature campaign is not the way you should choose to maintain such a life.

It would be always on everybody's dream on earning that big on weekly basis which would really be putting you on a situation specially on countries which does have cheap cost of living will really give

out that kind of abundance on which you could buy on things that you do want or neither purchase some vehicle if you do know on how to save up for later.Living out with 5 person should be enough
here on my place even with just 1-week earning, how much more for a monthly income? The question is, would it happen? 

Brazil - 1500$ weekly, 6000$ monthly. Not possible to live like the king of the world, but possible to have a decent, confortable middle class life.

On the other hand, if it was a couple instead a group of five, that amount of money would be enough to raise financial standards considerably, having access to the high quality goods and services disponible around.

Anyway, if those five people are also investors and use their signature campaign wages to grow their holdings along the time, instead of spending everything, it's possible to improve life conditions through passive income within time.

There was an episode between nutildah and a staff member that - supposedly - made him cease[1] his activity on the forum. You can read more about it here[2].

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One could argue what is a "lavish lifestyle" since it totally depends on the people and their interpretation of it. Still, I got no doubts that in some parts of the world it's totally doable living with $1500 - +- 1.362 € -  per week, even if we were talking about a group of 5 people and considering that they share the same space, which directly means that they will share at least their property expenses (electricity, ISP, water, heating ...) and food at least.
Let's take for example the cost of living in Portugal[3] which numbeo states that a single person average monthly spending is 531 € (no rent included). I believe that this number is a bit higher, especially on city centers, but considering that you're sharing most of your fixed costs I'll go along with it. That's 2,655 € per month and if we add rent - a house for 5 people in a decent neighbourd in Porto hovers around 2.000 € - so that would make the total monthly cost being 4,655 €. This means that from the total of $6500 USD monthly - +- 5,904 € - you would only be left with 1.249 € ($1376) - about 249,8 € (+- $274) for each person - to spend on frivolous things/events which, at the end of the day, isn't something that would provide to be very sustainable, at least from my point of view.

One could argue that the group could simply buy a house in order to remove that 2.000 € rent - by contacting a loan which would make them pay a lower value to their bank debt - but I assumed that they've just gathered and don't have the needed funding for that endeavor...

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[1]https://bitcointalksearch.org/topic/some-members-are-more-priviledged-than-others-5368871
[2]https://bitcointalksearch.org/topic/some-members-are-more-priviledged-than-others-5368871
[3]https://www.numbeo.com/cost-of-living/country_result.jsp?country=Portugal

$1500 a week is so high for people to earn weekly this already can give more comfortable life to anyone and it can  able to sustain the needs of  5 or even 10 person. Even if we say that the price of oil also inflation is so high still the person who earn $1500 a week will not get affected on it and mostly they can buy what they want for that amount they receive weekly. If that amount will not be enough for some people I don't know how they spend their money but one thing is for sure here that is totally huge and not everyone can achieve that salary.

It depends on the life style that one lives and planning that can make one to sustain very well with such amount,  if one can be able to spend on reasonable and important things , make some little savings from every $1500 that comes in I think it is possible to live good life in the region I come from (Africa). It is always easy for anyone to live good life from his/her average allowance if the person is well discipline in spending money.

Yeah, many are saying the Philippines is actually not that cheap. But, you know, as in every other place, there's the divide between the highly luxurious and the not-so-expensive. The latter doesn't necessarily mean uncomfortable and without class. They may not be the 5-star type of accommodation, for example, but they're excellent. And with $6,000 a month, to borrow from Dirty Heads, you're gonna be on vacation every single day. And that's whether you love your occupation or not.

If you ask me then it’s hell lot of money to be spent on private island.

I am not sure why peeps here are thinking about house or apartment here cause if you gonna live on an island there would be huge shacks made out of woods, some sand and be surrounded by natural beauty.

It would cost literally nothing. If you hire some workers out there who would be living peeps from nearby village then would take as small as 100-500 bucks a month to serve for your needs. Believe me they won’t be having any desire for huge sum of money.

You can have daily local food from islands heart, more fish less veggies all cheap.

I think you will end up saving huge sum of money overseas account after spending enough money on the island lavish life.

That could actually put up a good business and the whole family could live comfortably. That amount could supply and sustain not just the needs of the family but also their wants. The cost of living in the Philippines isn't too cheap but not as expensive as in other Asian countries. If a family could earn that much, they could travel and enjoy life while doing a bounty or signature campaign.

It is actually big enough for me, like we knew how hard it is to live in a third world country where earning like this kind of weekly income would be needed a multiple kind of job or consider a side hustle to achieve this amount. This is definitely every Filipinos dream to earn such kind of amount because you can really enjoy your life in this kind of earnings and I do wish I could earn this kind of big amounts too. Well, that's not impossible if we are all going to make every single productive.

I don't know what happened to @nutildah or why he hasn't been online for months but, if you can still talk to him, you can ask for his feedback from living here in the Philippines. I know he spent time in the Southern part of the country which should generally have a lower cost of living than us in the North.

Here in the Philippines , the $1500 per week is big enough. You can rent a house then invest for buying some houses in the future. You can easily get what you want about this and you live like as a king. But always remember you need to find some place that you can safe.

There are places on this globe which does have higher standard of living on which USD value would neither be on high or low depending on exchange rates and this 1500/week would really be just enough for you

to buy all the things you do like not on the sense with those mansions or cars but you could actually get one if you do really tend to save it up even on just having 5 person per household then that amount would
suffice and still have some extras left but well on each country does have different level or standard of living which situations could really vary and differ.

I live in Greece, where the basic salary is about 600 EUR per month. One individual alone can live off; they aren't much, but one without a family can easily scratch out a living with 150 EUR per week.

Now, for a family of 5, it's required to have at least two incomes (of that salary) to make ends meet. Whether that's two basic salaries or one basic salary and a pension etc., otherwise, we're talking about poverty. So in my place, $1500/week (~€1362/week) is an income where you can get by, but definitely not to praise it. It's as normal as it could.

$1.5k a month is HUGE where I live. I mean you would basically live like kings for sure here if you were earning that much. I am earning a bit less than that, and even I am doing alright for myself.

Haven't been making that much so far, and so far it has been 1/3 of that and I have been living pretty nicely. Recently some health issues came up in the family, and I had some, and debts were always there, combined all of that resulted with me needing more money and now I am working a lot more, it's fine because I love my job but I can see how it could be hard for others.

Now I will make this kind of money for the first time ever and the money that I dread about how I am going to pay my debt, would be paid in a single month and I would still have more money left than what I usually earn, so it is really a lot here where I live as well.

I've been to Vietnam about 2 months and the results are very pleasant, I live in a countryside that is not affordable with the internet, at that time I rented a house with an area of around 200m2 at a cost of around $ 200 per month, and for eating needs with 2 of my friends only about $ 5 per day for one People, Vietnam is very pleasant and makes me always want to live in there.

I think developing countries would make sense because this amount of spending for me is huge for 5 people, in some countries in Southeast Asia it's entirely possible. But I don't think the Philippines can't afford that, because I see a similar country in the region like Vietnam if you earn $1500/w then you are a rich person and fully afford comfortable expenses. roof. And IMO, Vietnam is great for many criteria, the cost of living is cheap, the quality of life is decent, and it's very easy to immigrate.

I think those quoted numbers reflect significantly marked up prices in tourist areas. Which are higher than national averages.

"Slum" and non tourist regions have significantly lower prices:

https://www.youtube.com/watch?v=gHN7S5oTWEs

Those areas are supposed to carry a negative connotation. But in some instances when those areas are recorded, there are children playing everywhere. People seem relatively happy and friendly. A stark contrast to many neighborhoods in more developed nations were gangs and organized crime have effectively taken over.

  you are either a comedian or you just want to misrepresent my post intentionally so to drag The Pharmacist into your post. You know your reason for doing that. I used the rice example to measure the monthly minimum wage in my country and what it can afford in basic food stuff so that those not in my country will understand better what $300 weekly is capable of. There was nothing much attached to it. If someone's monthly salary can not even pay for a bag of 50kg it shows you how little that salary is to the person. Now you go back to your comic theatre.