What You Can Get For $1000 In Dominican Republic

Описание: So this is Dominican Republic Money, and when I use to go to DR and I had money left over I would just leave this money behind, I stopped doing that because I’m coming back. Right now the exchange rate is about for $1 Us dollar you get $53 Pesos, which means I have $2000 peso and in US dollars that would be $37.73.

The way my mind works, is when it comes to money I’m extremely calculated, I even calculate the things I didn’t calculate, its call my just incase money. So for this video, if all you have is $1000 a month and you want to live in DR, I’ll tell you what that gets you.

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1. Average Salary and Middle-Class Salary

-This is extremely important, a lot of people go to places not understand how much money is really worth somewhere else

-Its like someone going from living in Manhattan for $3000 apartment and then going to DR and not realizing that they can live off $3000 for 2-3 months no problem

-So to gauge how much you need to make I always use the People that already live there not that people that are going to move there



For example, in DR:

-You can get paid anywhere from $12-16k pesos per month and people that make above that usually make very good money

-So to put that Into perspective, that means that $1000 in dr is the like $53k pesos

Which means that’s 3.3 times more than those people



However: if you are an idiot, or if you can afford to live better, you might compare yourself to the rich guy living on a pent house apartment paying 2-4k a month you see



2. Being on Budget

Understand that you only really have 4 main expenses that are needed and 1 that’s needed but optional



First: Shelter – $16k pesos which is $301 per month

Second: utilities – gas, electricity, internet and phone bill lets say $150 a month

Third: Groceries – lets $200 a month

Forth: Transportation – gas let's say $200 month



Total: $851 meaning you still have money to save or to spend on health insurance which is super important



3. The Number One Difference in Cost is going to be This ( do you live with the Locals or with the Rich Locals or people that just want to spend more money )

-Remember there are Big Cost associated with a move like this

-For example you have to save up to Buy a Car, Tickets, and all the stuff in the beginnings

-So although the monthly living cost might be cheap, the actual move might cost 5-10k -depending



Ps. I would never move somewhere without having 3-6 months' worth of expenses just in case

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Disclosure & Educational Disclaimer:
Some links in this video may be affiliate links, and I may earn a commission. Content is educational and accurate as of posting; offers may change. I’m an accountant but not your accountant; always consult your own accountant/CPA or financial advisor. No income or results are guaranteed.