[TSE 132] Live Like the Rich in a New Destination for Half the Price with Tim Leffel

Posted on / by Natalie Sisson / in Podcast / 35 comments

132 - Tim L QuoteHave you ever wondered what it might be like to live in another country for an extended period of time? Wouldn’t it be great if you could live like a King or Queen in another country for less than it currently costs you to live at home?

Well in my experience, traveling the world is often cheaper than the cost of staying put in your home town. You don’t have mortgage or car payments, you don’t need to buy stuff for your house, you don’t join gyms and community groups and start paying left, right and centre for all sorts of extras.

One person who knows more about this than most is Tim Leffel. He’s been living with his wife and daughter in Mexico for the last 2 years on half the amount that it costs him to live back home in the United States!

Tim is a travel writer who backpacked around the world for three years before the Internet was mainstream. His blog and book on the World’s Cheapest Destinations is a must-read for anyone looking to move to another country either for a short or extended period of time.

As a digital nomad who is always on the road, I found Tim’s book to be full of helpful ideas, tips and case studies that I can use when planning my next trip.

You’ll have to listen to this podcast to find out where I am going next and to hear Tim’s stellar advice to help me plan my upcoming trips, you also stand a chance to WIN a generous bonus package from Tim and me.

Click play above or  download this in iTunes or on Stitcher Radio (and while you’re at it, feel free to leave us a 5 star review!)

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What you’ll learn in this podcast:

  • How Tim’s built a successful online business that allows him to live anywhere in the world
  • Why it is often less stressful and less expensive to live somewhere that is cheaper than your home country
  • The 3 things you need to listen to when making the decision to move to a new country
  • The best advice I’ve ever heard on how to find cheaper long-term accommodation in any country in the world
  • Why ‘bandwidth’ is one of the most important factors you need to consider as a digital nomad when picking a destination
  • The items you should definitely buy before you leave that can be a big expense in cheaper destinations
  • The top 5 things you absolutely need to consider before moving long-term to a new country

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Listen in [email protected] shares travel and life hacks to help you live like the rich in a new destination for half the price!

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  • Christopher Bergeron

    This was a great podcast Thank you for having Tim on the show and introducing us to his blog and book. One of my long term goals is extended stays in different locations, as I look out at yet another foot of snow falling I am certainly thinking warmer climates. If our expenses were cut in half I think the two biggest changes for us would be the ability to save more and a dramatic reduction in stress. My wife and I are both passionate learners and explorers and would love to replace the stress about having enough money to support the “trappings” of the modern American household with the adventure (and its stress) of learning about other places and cultures, especially though the exploration of their food/wine. We are almost location independent and I’ve already got the countdown timer going.

    • Love hearing that Christopher! Looking forward to that countdown timer going off soon

  • Christopher Bergeron

    This was a great podcast Thank you for having Tim on the show and introducing us to his blog and book. One of my long term goals is extended stays in different locations, as I look out at yet another foot of snow falling I am certainly thinking warmer climates. If our expenses were cut in half I think the two biggest changes for us would be the ability to save more and a dramatic reduction in stress. My wife and I are both passionate learners and explorers and would love to replace the stress about having enough money to support the “trappings” of the modern American household with the adventure (and its stress) of learning about other places and cultures, especially though the exploration of their food/wine. We are almost location independent and I’ve already got the countdown timer going.

    • Love hearing that Christopher! Looking forward to that countdown timer going off soon

  • Hi Natalie,
    How did you find your Villa in Bali? I am wanting to find accommodation with private pool and great internet in Thailand, preferably Phuket or an island.
    Dale.

    • I joined a FB group for Ubud and asked there but there are so many villa places it’s nuts – here’s a good start ubudinspirations.com/property/category/house-for-rent/ – if you can rent for a month it’s often cheaper than paying for just 2 weeks

  • Hi Natalie,
    How did you find your Villa in Bali? I am wanting to find accommodation with private pool and great internet in Thailand, preferably Phuket or an island.
    Dale.

    • I joined a FB group for Ubud and asked there but there are so many villa places it’s nuts – here’s a good start ubudinspirations.com/property/category/house-for-rent/ – if you can rent for a month it’s often cheaper than paying for just 2 weeks

  • Hi Natalie, great post! I quit my job 2 months ago and started travelling with my partner, and she’s working a lot right now, and in the meantime I’m trying to build something. If we had twice as much money, we’d to what we’re doing now as it’s our dream, but she’d be working less! By the way, if I find a way to leave a review on itunes without having the program itself I’ll leave one, as I believe you mentioned not having any from Spain in an earlier post (although I’m in Italy right now), in fact I’m from Barcelona, I think you mentioned liking this city in another post.

    • Ooooh that would be great. I think you can just do it from your podcast app you’re listening to it on too….

      • And love hearing that your dream is working less and living more

  • Hi Natalie, great post! I quit my job 2 months ago and started travelling with my partner, and she’s working a lot right now, and in the meantime I’m trying to build something. If we had twice as much money, we’d to what we’re doing now as it’s our dream, but she’d be working less! By the way, if I find a way to leave a review on itunes without having the program itself I’ll leave one, as I believe you mentioned not having any from Spain in an earlier post (although I’m in Italy right now), in fact I’m from Barcelona, I think you mentioned liking this city in another post.

    • Ooooh that would be great. I think you can just do it from your podcast app you’re listening to it on too….

      • And love hearing that your dream is working less and living more

  • Martin

    Hi Natalie
    I am trying to move my business online and in the summer my girlfriend will retire from her job and we will be on the road. I can tell you that with twice the disposable income what we won’t be getting is a bigger house or a faster car or pretty much any other materialistic thing you can name. I think we already have enough for a basic and simple ‘living in the now’ lifestyle if we choose our destination carefully, so extra income would allow us to think more about future contingencies such as health plans (we are spring chickens only in mentality!) and allow us to see folks back home a little more often. Health and family seem like the most important things in life to spend on. Tim’s recommendations on internet availability will be particularly important to us.
    Best of luck with the changes in your life this year x

    • Healthy and family and friends are way more important than a fancy car I agree. Love your attitude Martin and good luck on the summer move!

      • Martin

        Thank you so much. I love Tim’s book, I’d really recommend it to anyone thinking of setting up sticks in another country – and now I am part of his FB group as well – and the other people commenting here seem really cool and in touch with the same values – and you are the link that made that happen. Thank you again x

    • Natalie Sisson

      Congrats Martin you’ve been chosen as the winner and Tim will get your goodies over to you

  • Hi Natalie
    I am trying to move my business online and in the summer my girlfriend will retire from her job and we will be on the road. I can tell you that with twice the disposable income what we won’t be getting is a bigger house or a faster car or pretty much any other materialistic thing you can name. I think we already have enough for a basic and simple ‘living in the now’ lifestyle if we choose our destination carefully, so extra income would allow us to think more about future contingencies such as health plans (we are spring chickens only in mentality!) and allow us to see folks back home a little more often. Health and family seem like the most important things in life to spend on. Tim’s recommendations on internet availability will be particularly important to us.
    Best of luck with the changes in your life this year x

    • Healthy and family and friends are way more important than a fancy car I agree. Love your attitude Martin and good luck on the summer move!

      • Thank you so much. I love Tim’s book, I’d really recommend it to anyone thinking of setting up sticks in another country – and now I am part of his FB group as well – and the other people commenting here seem really cool and in touch with the same values – and you are the link that made that happen. Thank you again x

  • Shanon Langlie

    If half my expenses disappeared, I would start saving for a year-long sabbatical. Destinations would include Vietnam, Thailand, Cambodia, Indonesia/Bali, India, Georgia, Hungry, Slovenia, Estonia, Portugal, Colombia, Belize, Dominican Republic, Costa Rica, Brazil and Argentina. That’s a lot to try to get to in one year, but if I can make it half I’d consider it a success! Thanks Natalie & Tim.

    • It will be much cheaper than you think to be honest Shanon so I wouldn’t put it off!

  • Shanon Langlie

    If half my expenses disappeared, I would start saving for a year-long sabbatical. Destinations would include Vietnam, Thailand, Cambodia, Indonesia/Bali, India, Georgia, Hungry, Slovenia, Estonia, Portugal, Colombia, Belize, Dominican Republic, Costa Rica, Brazil and Argentina. That’s a lot to try to get to in one year, but if I can make it half I’d consider it a success! Thanks Natalie & Tim.

    • It will be much cheaper than you think to be honest Shanon so I wouldn’t put it off!

  • Brandon Holmes

    Thanks so much for the podcast Natalie and Tim! I’m currently based in West Virginia, USA, and moving my children and I abroad has been a dream of mine for nearly five years. Currently I’m in the process of moving my consulting business totally online and creating new online income streams. My current expenses are rather low compared someone living in a major US city, but seeing them cut in half would be amazing. In the short term I would convert the savings into time and resources for 2-3 week exploration trips to my target destinations in Central and South America. Then I would use the savings to make the move, and later bring my kids along. In the long term I would use the savings for my children’s school tuition. As a single father it is always great to hear any info about traveling and living abroad with kids. Tim’s discussion of schooling costs was helpful. I hope to get more of it in the book, which is on its way to my Kindle 🙂

    • So glad you found it useful and I think your target destinations are spot on!

  • Brandon Holmes

    Thanks so much for the podcast Natalie and Tim! I’m currently based in West Virginia, USA, and moving my children and I abroad has been a dream of mine for nearly five years. Currently I’m in the process of moving my consulting business totally online and creating new online income streams. My current expenses are rather low compared someone living in a major US city, but seeing them cut in half would be amazing. In the short term I would convert the savings into time and resources for 2-3 week exploration trips to my target destinations in Central and South America. Then I would use the savings to make the move, and later bring my kids along. In the long term I would use the savings for my children’s school tuition. As a single father it is always great to hear any info about traveling and living abroad with kids. Tim’s discussion of schooling costs was helpful. I hope to get more of it in the book, which is on its way to my Kindle 🙂

    • So glad you found it useful and I think your target destinations are spot on!

  • Tim Leffel

    Thanks everyone for the comments and feedback. I grew up 12 miles from the West Virginia border Brandon. I do say it’s best to think of rural to rural or city to city for that half price equation, but even in West Virginia you’ve got much higher costs for many things (rent, health care, most food items, labor services) than you will in cheaper destinations.

    And yes Christopher, watching your expenses drop in half definitely does wonders for your stress level!

  • Tim Leffel

    Thanks everyone for the comments and feedback. I grew up 12 miles from the West Virginia border Brandon. I do say it’s best to think of rural to rural or city to city for that half price equation, but even in West Virginia you’ve got much higher costs for many things (rent, health care, most food items, labor services) than you will in cheaper destinations.

    And yes Christopher, watching your expenses drop in half definitely does wonders for your stress level!

  • Anna Long

    For sooo long I dreamed of living abroad, but things like my job and brick and mortar business kept me tethered to my home in Portland, OR. Eventually I sold my business, quit my job and traveled the world and what shocked me most, was how affordable the whole travel thing was! I lived in mexico for 5 months and was finally able to begin paying off my debt working solely on my business 😉

    I love hearing these stories of other freedom based entrepreneurs! Thank you for sharing these tips!

    • Awesome Anna that’s such a great story and what a result you’ve had. It is surprising how much more affordable travel can be than living in one place

  • Anna Long

    For sooo long I dreamed of living abroad, but things like my job and brick and mortar business kept me tethered to my home in Portland, OR. Eventually I sold my business, quit my job and traveled the world and what shocked me most, was how affordable the whole travel thing was! I lived in mexico for 5 months and was finally able to begin paying off my debt working solely on my business 😉

    I love hearing these stories of other freedom based entrepreneurs! Thank you for sharing these tips!

    • Awesome Anna that’s such a great story and what a result you’ve had. It is surprising how much more affordable travel can be than living in one place

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