- #1
FallenApple
- 566
- 61
So if I decide to live in a very high cost of living area of the United States, presumably because supply and demand would imply that the income is higher since businesses can only charge what they do if the local residents can afford it, would I be better off living there? Based on that basic economic assumption, if I decided to be very frugal and only foot the bill for living and food while cutting back on everything else, would my saving's purchasing power, across the world, exceed the purchasing power of people living in other less income lucrative states/countries for the same percentage point? If yes, then I think its a good strategy.
This is an important question because its essentially my attempt at making a big profit out of saving money.
This is an important question because its essentially my attempt at making a big profit out of saving money.
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