Hi,
I would really appreciate your help. I am seriously contradicted and I need to get to the bottom of this.
What is the best place to live and work which will allow me to make and save money?
I am living in the UK. Living here feels impossible to make any kind of saving and almost impossible to buy a house.
I do know there are places where people seems to save a majority of their earnings and are able to buy houses even with cash! without the need for a mortgage by just living and working there for a few years.
Now, I do know that the house prices in Switzerland are the highest so that is not my main motivation of thinking to go there. However, if the taxes are low and the salaries are high, it might still be worth it.
So for a Software Engineer, what are the best options on this planet? So far I am just aware of USA and Switzerland. The confusing thing between these two is this:
Pros of USA:
+High salaries
+Cheap houses
+English Language
Cons of USA
-High taxes
-Far away
-Low job security
-Low holidays
Pros of Switzerland
+High salaries
+Low taxes
+In Europe. Close to most destinations
+Good holiday amount
+High quality of living
Cons of Switzerland
-Official language not English
-Expensive cost of living
-High house prices
Now considering this where am I likely to be able to make and save more money? USA provides high salaries but so does Switzerland. Switzerland however has low taxes but cost of living in USA is cheaper including rent and potential to buy house. So this is what has me confused. Or would it be safe to assume that the low tax benefit will outweigh the low cost of living of the USA?
By all means if you know of anything positive like, it is indeed possible to buy a cheap studio, flat, house in Switzerland I would love to hear that!
Also welcome any other country that is better than either of these two.
Kind regards,
Mike