The practice of taking advantage of price differences between two or more countries or geographic areas. By earning in a strong currency and spending in a weaker currency, individuals can save money on everyday expenses and achieve a higher quality of life for less money.

I’ve tried to explain it to family and friends the advantages.  I struggle to explain the concept properly for people to realize you can save a lot of money and maybe even retire early. 

It also may be because you can’t explain something to people who do not want to understand which is fine. We all get to decide how to spend our hard-earned money!  I just know that life is too damn short so made it a goal to travel a long time ago.

We also associate cheap with having little value. If it’s too cheap, it’s too good to be true. While we all love a good deal, anything too cheap is generally not worth it. This is a common occurrence around the world.

Yet, what’s cheap to someone earning in a hard currency, like USA or Canadian Dollars, is quite different to what’s cheap for someone earning in a soft currency – like the Mexican Pesos for example purposes.