Wanted to make this a poll but I could not find the button... anyway
Given a choice to live the rest of your life in Kenya while raking in a million or more per month and with a net worth of 50M and more (say up to 200M i.e $2M by the time you retire, otherwise this won't even be a question if it's billions we are talking about)
VS
Moving yourself and family to an average first world nation say Spain, UK, Australia, New Zealand, even the US of A, and living there as an average middle-class person who drives an average car, has hardly any real friends/distant family around, works a good job, say making $100k to $150K per yeah (including spouse's income in this case coz otherwise you will not be that average when making that alone, I think), getting your kids educated in a good average school, eventually owning your own home after many years of paying some mortgage and retiring happily with an average pension which enables you to retire comfortably.... but not really a $ millionaire given the higher cost of living and taxes seriously affected your savings or even if you have some $2M by the time you retire, it won't mean as much as it would in Kenya
What would you choose.. I think the 2nd option is attractive because you will sacrifice for your kids who will grow up and get properly assimilated into the new culture and have a better standard of life for your future generations, also, you will enjoy better social protections and government support e.g better hospitals, lower crime rate, emergency services that actually work, e.t.c
On the other hand, the 1st option is also quite tempting since you will be considered rich by most people in Kenya, and will enjoy the privilege, that comes with that, you will have more friends and family around you, you can still afford to send some of your kids to study abroad if that is important to you, you can afford to drive a nice car, such as an ex-japan V8 or Range rover if you like, you can afford some of the best private schools and hospitals... So I think I would stick to this option personally
Given a choice to live the rest of your life in Kenya while raking in a million or more per month and with a net worth of 50M and more (say up to 200M i.e $2M by the time you retire, otherwise this won't even be a question if it's billions we are talking about)
VS
Moving yourself and family to an average first world nation say Spain, UK, Australia, New Zealand, even the US of A, and living there as an average middle-class person who drives an average car, has hardly any real friends/distant family around, works a good job, say making $100k to $150K per yeah (including spouse's income in this case coz otherwise you will not be that average when making that alone, I think), getting your kids educated in a good average school, eventually owning your own home after many years of paying some mortgage and retiring happily with an average pension which enables you to retire comfortably.... but not really a $ millionaire given the higher cost of living and taxes seriously affected your savings or even if you have some $2M by the time you retire, it won't mean as much as it would in Kenya
What would you choose.. I think the 2nd option is attractive because you will sacrifice for your kids who will grow up and get properly assimilated into the new culture and have a better standard of life for your future generations, also, you will enjoy better social protections and government support e.g better hospitals, lower crime rate, emergency services that actually work, e.t.c
On the other hand, the 1st option is also quite tempting since you will be considered rich by most people in Kenya, and will enjoy the privilege, that comes with that, you will have more friends and family around you, you can still afford to send some of your kids to study abroad if that is important to you, you can afford to drive a nice car, such as an ex-japan V8 or Range rover if you like, you can afford some of the best private schools and hospitals... So I think I would stick to this option personally
