The idea behind geographic arbitrage is that you can earn money in a strong currency (such as US dollars) and then spend money in a weaker currency (like Thai Baht). With remote working on the rise, it’s now easier than ever to take your work abroad. You could be earning a decent salary in a Western country — but in a much cheaper country, such as Thailand, which offers you so much more spending power. Instead of dealing with ridiculously high renting or house ownership prices in cities like San Francisco or London, you could spend a fraction of that for an equally nice place in Chiang Mai or Ho Chi Minh City.
Originally published at www.samwoolfe.com on June 18, 2018.