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Two years ago, I started my own online, location-independent business and wanted to reduce my costs as that company's income grew. So I did what most entrepreneurs do and I left my home country for a region of the world where I knew no one. Ever heard the term geoarbitrage? It’s much simpler (and more attainable) than you may think it is. In my first two years in Latin America, I reduced my expenses and cost of living substantially (watch the video for real data!). Now, I'm much closer to financial freedom and financial independence. In this video, I explain how I cut my cost-of-living, where I lived, and how I optimized my finances by leveraging geoarbitrage in South America. THIS IS NOT FINANCIAL ADVICE *** -- -- -- -- -- RESOURCES MENTIONED ✏️ Read the text version (Geoarbitrage for dummies: How I doubled my monthly savings in one simple move) – https://freedomfiles.co/ff039/ 📬 Subscribe to the weekly newsletter for free – https://freedomfiles.co 📈 Start your own online business and become location independent – https://freedomfiles.co/coaching 🤔 How free are you? Find out and compare yourself to my scores – https://freedomfiles.co/quiz 🐦 Follow my Twitter/X account – / freedomfiles_ -- -- -- -- -- WHO AM I? What's up? I'm James from the Freedom Files. This YouTube channel, my X account, and my website document my journey to ultimate freedom through online business and location independence – in order to help you on yours. In 2021, I quit my job, started my own online business, and moved to Latin America. Since then, I've become fluent in Spanish, bought international property, and become a permanent resident of a Latin American country. All in the name of individual sovereignty and ultimate freedom. Comment down below if you want to hear me cover anything specific. Happy to have you here! -- -- -- -- -- 00:00 – Intro 00:24 – What Is Geoarbitrage? 01:45 – Why Geoarbitrage? 03:09 – How Do I Geoarbitrage? 06:31 – How I Geoarbitrage 09:15 – So What Now?