Why I Really Moved To The Dominican Republic

I Lived in Tortola a little island in the carrebean, I lived in Puerto rico a bigger island buyt completely different culture, and then finally I lived in New York the melting pop of culture. But for those that don’t know I am 100% dimincan born and raise until I was about 5 years old lol.

And finnally today after nearly 21 years I return back to domincan republic, and I’ll tell you exactly why did it. I’ll break down what this mean Financially, Lifestyle wise and lastly Safety wise.

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Obviously First, since this is a financially Channel lets break down what this means financially for me to live in Dominican Republic.

Finance is tricky but simple, because is quatifiable

You have three parts to finances

But you should know that not every decision in life can be made with numbers

For example Warren Buffet lives Omaha but if he moved to another state or country he could save millions on taxes but still that price is to high because his from Omaha and that’s where he loves living

First: Expenses

Shelter: $167 per month for a two bedroom apartment but I could be paying $2000 a month if I wanted to live in the capital ( but this is my Hometown, and for the moment its what makes the most sense )

Utilities: Light, water, Gas, phone and internet: $100

Groceries: $200 (food can be cheaper but convenience is expensive)

Transportation: $300 a month on a SUV my moms car or $200 in car ( but I don’t have a car )

Total: $767

But if I’m being honest I have a had many expenses and I do go a lot so I would increase that to roughly 1000-1500 per month

Second: Income

The benefit of working online is that income stays the same no matter where live

So that’s good

Opportunity Cost (basically comparison )

Living in Puerto Rico cost me $1000 dollars and saved me roughly 23% on taxes

So that’s massive

If I made $1000 I would $40 in the Puerto Rico but here I pay $270, it’s a big difference

Summary: the numbers say this is a bad idea, but I like I told you guys before, not every decision can be made thinking of the numbers, or I would be living in Dubai or something strange like that.

But for the average remote working American, trying to find somewhere to save money, you can definitely do it here

Lifestyle

I’m a pretty boring guy, and I like a simple life

So my life here is a lot better than anywhere else honestly

Here are the factors that helped me decide to live here

First: My Family and My People

I was born here and everyone I know is from here

That’s massive, to be able to be around your family and friends

Because relationships matter a lot

And I also love my church here also

Second: Things to do

I do the same things here that I do anywhere else

In the little town I live their isnt much to do

But whenever I do go out, its about a 45 minute drive which isnt that bad

Third: Convenience

This is a island and it is a third world country so theirs is some getting use to

But for the most parts all the needs are covered and the wants can also be covered

Safety

In the US, its big and massive, and it almost feels like you’re in your own little bubble

But in a small town, everyone knows you and your family and everyone talks

The good people know you and also the not so nice people

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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