I said the same thing but then remembered they spend less than half of their 6 figure income which leaves alot for savings/investments. That helps for sure 😂

I was thinking the same thing. Then remembered when I go there I live at our family home for free.

Is is because of health care, schools, infrastructure etc

Good to know. Because their rent was more expensive then their place in Chicago

@@sweetandsimple. more like alot. 😁

You guys should do the citizenship by investment program.

I had to rewind twice to catch dad's backflip! Great dad and mom vibes. Loved your story.

Such a lovely family! Your journey is so exciting and inspiring.

Dr. Lindasy!!! Hope you are doing well! I am a former student of yours at UIC for a course which covered colonialism, Columbus, and of course Capoeira! I really enjoyed your course and your tutelage, and am glad to see that you and your family are doing well!

Lovely family

They are living in a good neighborhood, a smarter choice would be living in the downsized and paying piece of land and building. I’m from the islands. Living in the islands definitely doesn’t cost that much . Once u own your home. & land. You shouldn’t top even 1k per month usd Unless your trying to live super luxurious

@A H not true , island living is way cheaper than America

@@48hourrecordsteam45 but they're not even sure if they want to stay there so there's no point in them purchasing for now.

That explains the gringo prices

I agree and thought the same.

Yeah, she didn't explain where the rest of the money is going. Is it going to savings? Doesn't seem like it because they would have saved more than 10K by now. I guess its going to debt pay down and savings. But she didn't say

That $10,700 is most likely before taxes though.

Seems the $10,700 is before taxes. They also omitted what goes to savings, investments and paying down their student loans.

she said she has 80k in debt too pay off

👏 👏 👏

$10k before taxes, probably

@@Slanghomy what taxes? My family roots is in Anguilla, British West Indies. Which is in the neighborhood of Antigua. There are no personal income taxes, capital gains taxes or estate taxes in the majority of those islands. If you choose to import products like a t.v or furniture as an example then they will charge you a duty tax or if you flying out of the island there is a departure tax. A family making $10K a month, living comfortably spending only $4k a month are doing well. Plus the currency there is Eastern Caribbean dollar (EC$), which is pegged to the US$ at 2.70 (although most folks prefer the US$).

@@InconvenientTruth50 did you watch the video? They said they’re responsible for paying taxes in the U.S.

@@Slanghomy dude. Do you know any expats? They don't pay taxes. You just have to file your taxes with the U.S government. "Most expats do not pay US expat taxes because of the Foreign Earned Income Exclusion and Foreign Tax Credit benefits. However, expats still need to file taxes annually if their gross worldwide income is over the filing threshold". For 2020, they can exclude up to $107K in Foreign Earned Income. On top of that whatever credits or deductions they qualify for. If you research it, you will consistently find the majority of expats do not pay taxes to America.

@@InconvenientTruth50 no I don’t know any expats 😂

Maybe it is. Even has a pool. Not sure if that's common for homes there.

@@MissMBA it is not. The area they live in is a very expensive area not sure why they are living here. Plus there is a lot more to this story we did not hear. Why only $10k in savings, still so much debt on such high income etc.

@@ameliagreen2850 Why payoff student loans... when you can live in the Caribbean?

the rent price is not high for them. Them make 10k a month and spend less than half for rent. Most americas paying 70% of their income in rent. These people spending jsut over 20%. Their entire cost of living is 4k meaning they are saving 6k

Until you get kidnapped by a cartel and held for ransom.

@@P2Feener305 really rare.

For Americans. Many Mexicans are still struggling in their own country. Even more so with the international gentrification

@@P2Feener305 SHOOT PPL.

@A H The singer Vicente Fernández (rest in peace) knew all about that.

They are over spending for sure!

Because.... you've lived there yourself? ❤❤

@@HughJass-jv2lt yep!

Most Americans are like that, they consume much more than they really need or happily over pay for things and when you point it out to them, they still don't mind because back home they know they'd be paying 3 or 5 times the amount they just over paid. From what she herself said you could tell she didn't need that "American insurance company" with their evac whatever, most average to big local insurance companies will be willing to provide that at a much cheaper rate but I'm sure because they had "American" on Thier name, they used their being an American company to upsell her. Americans seem to think everything expensive is automatically better or anything American is automatically better so when you add the two American and more expensive it's the American dream In my countries average normal schools usually seek the right to use American in their names then proceed to increase school fees and accept payments in USD knowing very well it'll attract the mostly the Americans who will assume it's better solely because it has American in its name, and it must feel like home because they accept payments in USD. They are an interesting bunch tho and they are loved by sellers in tourist locations across the world I'm sure

@@Biobele Which country you are from?

Cost of living is high esp as most food items are imported

@@KKA868 I live in the Caribbean. Im aware.

It’s high end

@@saw9966 No it ent. lol

They live in a expensive neighbourhood I would know cause I live in Antigua and 4k ain’t

Seriously...I lived in Chicago for over a decade. I'm now in Minneapolis and it's even colder. Lol.

I live in the burbs of Chicago and I’d love to at least live in a beachy, warm place for the winter months.

Yeah, $500 can get you a house in most mexican cities

Until the cartel decides that the path from your city is a good drug route.....

@@neelj5155 oh shut up

@@neelj5155 Says the one who probably lives in a city where school shootings are common.

I'm not so sure about the kids... They're basically raised as foreigners, not integrating with the local kids.

@@dannnsss8034 why in the world would you say that?! No need to be a hater, geez! There is no one around BUT local kids!! Who look just like them, go to the same school, grocery stores, and beaches as them, etc. Etc.

@@dannnsss8034 Why is that a bad thing? These kids are young enough to build lasting relationships. Quit projecting your ideas onto others.

@@dannnsss8034 at-least they will free from ideology addiction and conspiracy mongering in USA. Military kids travel a lot too

You don’t have to pay when you live abroad

True, any kind of loan feels like fuckn huge burden..... For me getting rid of loan is more important than any financial decision

Well, don’t forget a sizable amount of that 5K is lost in self employment taxes.

@@beanqween9458 I doubt it. I pay less tax money as a self employed person. You need to know how to remove expensive

Making 6 figures as a household is not amazing income it's pretty normal and average

@@d.jmamba7237 so true, the power of dual-income!

@@d.jmamba7237 it’s amazing to me, 👍🏾 lol it’s ok if i hype up ppl that i feel are doing an amazing job with their life 👍🏾

😂I noticed that too!! He made me smile🥰

It is to me also , they seem to be trying to replicate what they left . And are super worried about keeping what they have been programmed . People in the island do not need or take on so much package and live very happily y and comfortable.

They won't last long with that unless they have passing income OR inheritance. If they have any one of those they can ball out

It’s not expensive to live there , but I believe this family can afford this lifestyle and it works for them.

Big Facts!

Yes, the chart was very incomplete

Student loans too

The average American can't cover a $400 emergency with cash. Plus, although they didn't mention this specifically, I'm sure they had relocation expenses that the husbands employer didn't cover. So all things considered, $10k is pretty good, especially with a family.