What are Some Good Countries to Start a New Life with Less than 10K Euros?

Traveling the world and finding a new life in a different country can be an exciting yet daunting experience, especially when financial constraints are involved. If you're considering starting a new life abroad with less than 10,000 Euros in savings, you might want to wait a few more months, given the current economic environment. However, there are still some countries where you can find affordable living, particularly for those with modest savings.

Retiring in Vietnam: A Personal Journey and Advice

Recently, I retired in Vietnam and started out with 7,000 USD. I returned to the USD to settle some pending business, but I managed to secure a seller who was willing to give us 6 months to pay for our first house. Vietnam is often called an all-cash society, but this doesn't mean you can't negotiate other payment terms. If you have less than the asking price, you might need to consider making some repairs. However, there are some strategies to make the process smoother.

Timing is Everything: Avoid the Rainy Season

It's crucial to avoid purchasing a property during the rainy season in Vietnam. The typical rainy season is from July to the end of October, but this year, it started much earlier. As of late July, it hasn't stopped raining, and the weather patterns worldwide have been significantly affected by climate change. Therefore, it is recommended to visit and potentially purchase during the months of January to June. If you're purchasing a property, be sure to plan ahead and have enough time to address any repairs before the rainy season begins.

Other Affordable Countries to Consider

While Vietnam has its unique challenges, there are several other countries where you can find a new life with less than 10,000 Euros. Here are a few examples:

Costa Rica: Known for its peacefulness and affordable living, Costa Rica is a popular destination for expats. With a cost of living that is considerably lower than Western Europe, you can live well on a limited budget. Many expats find that their savings can cover basic living costs and some travel expenses, making it a great choice for those looking to retire or start anew. Thailand: Thailand is another country known for its affordable living. Phuket, for example, is a popular destination for retirees and expats. The cost of living here is even lower than in Vietnam, and it offers a tropical climate and vibrant culture. Housing costs are particularly low, and food and entertainment are within reach of modest budgets. Uruguay: Uruguay is a beautiful and affordable country on the coast of South America. The cost of living is relatively low, and the quality of life is high. Rent in the capital, Montevideo, is more affordable than in many major cities around the world, and you can enjoy the beautiful coastline, rich culture, and friendly locals.

Conclusion and Final Thoughts

While starting a new life overseas with limited savings can be challenging, it is certainly possible with careful planning and research. Whether you choose to retire in Vietnam, Costa Rica, Thailand, or Uruguay, there are many ways to make your dream a reality. Be prepared to make some compromises and to be proactive in finding opportunities, but the rewards of living in a new country can be immense.