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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*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.
Great info!!×
U the Man of common sense, Im going to subscribe to your channel because I’m learning a lot about this video 😊
You can get robbed
$1000
1,000❤
Please also don't show USA money .lt can get you taken out of the game big boss❤
Fantastic, as a soon to be retired nurse I am definitely looking for something like this budget…I am very impressed by your skill… Thanks for sharing.keep it up… You are doing great work…
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Good video 1000
How do you get medical insurance? Any recommendations? Thanks!
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I appreciate the content Brodie you making this move easier
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1000! I actually build houses and apartments in DR to rent out, you guys are lucky rent is so cheap, because construction is not, at the rate the rent is out there, it takes 10-20 years to get back the money you invested in building an apartment. so, yeah moving out there if you got dollar is a good ideal, your dollars will go a long way. not only is rent cheap, I find food very cheap also.
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Good info Brotha 💪🏾👍🏾#1000
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Brother I was inspired by this video I live in NY but stay in DR for months at a time I’m really inspired by you and would like to know if you could leave me in the right direction to have some residual income out here my plan is to eventually move here
Question how easy is it to get a visa for 2 years.
1000.
My question is..Why move out of the states to go stay around expats..you might as well stay home
Suriname 🇸🇷 thank you
Thank You,nice for retirement!
1,000 Thank you for sharing this information on how to live in DR. Can you make one on Punta Cana? Also is it possible to buy a property in Dominican Republic if you are not a DR citizen? Do we need a visa to visit DR? Si soy de Guatemala, necesito visa? To buy groceries or do other activities what transportation do we use? Do we use a local buss, ubber or what? Thank you, I appreciate all you share with us.
$1000 could get you 10 thicc ass chicas for a week and a nice hotel combined.
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Can someone help me out to pull this off, im trying to get a house out there and i need help with the steps, trying to get this done
Black Poeple do not welcome there. they just want your money. Stop supporting Human Child Abuse and Racism. reported by the United Nations.
Exellent info! Cant wait to gey the5e
Love the video,I'm catching a plane right now
I like your theory this helps me plan my trip
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Very good information to know! Thank you
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