You won’t get rich in Japan! But you will live well.
Вставка
- Опубліковано 8 вер 2024
- I was once told by a former business owner I worked for that you will never get rich in Japan. This was 30 years ago.
And I now see that he was right. But even though this maybe true, that doesn’t mean that you won’t live well in Japan. You can live well as long as you plan how you are going to get income here.
![3 Steps to [Think in Japanese] ! No more Translating in your head!❌](http://i.ytimg.com/vi/FbWTkxhbdAg/mqdefault.jpg)
Payroll jobs don't make you rich just pays the bills.
100%
@@patientzero291 Not true. I’m very rich and did it from consistently putting my money in the S&P 500 at 20 to 30k monthly For 26 years.
Very interesting.
I know a Frenchman who went from scratch, broke, without any knowledge of Japanese, to rich entrepreneur and fluent in Japanese after 15 years living in Japan.
So, it's still possible if lucky.
He had to stay busy doing it. His situation is very rare!
One data point. Maybe an exception?
These things require strategy, ambition, and consistency! Awesome story. Thx for sharing!
@@bspJapan What? 🤣 It takes work and consistency to get rich and build wealth no matter where you are in the world... It's not something unique to Japan & it's not rare wtf. Quit pretending to be knowledgeable in entrepreneurship
@homeswithland yes you are right. I’m not saying it’s a 100% chance you won’t get rich in Japan but it is quite different depending on what country you live in. Remember this was told to me by a business owner in Japan and the average person I meet here is not rich and they (Japanese) know how hard that is to do.
This video was super helpful. I've been living here (also Niigata) as an ALT (mid 20s) and I love living here, living very well, and want to wind up buying/renovating a place here, but I've been unsure what to do once my program finishes, whether I should try to stay right out of the program, or go back home, or do something else for a while then come back. I always thought it would be easier to try and transition into living here permanently while I'm still here, but you've got me thinking that maybe it's a better option to go home again for a while, then return in the future when I'm more financially secure. Because I'm realizing it's easy to live in my current lifestyle, but I'm not saving up as much as I thought initially.
Yes I highly recommend you go back home and set up permanent passive income.
I'm an American engineer, that can speak Japanese and studied there for one year in college.
I thought about moving there there in my 20s, but the opportunities were terrible compared with the US.
Now, in my 40s it's starting to seem feasible to live there part time with remote work using their digital nomad visa.
Like you suggest, I definitely don't want to work there, but another option is beginning to look possible 😀
Video does a good job of setting expectations and offering a prescriptive solution: Make your money in the US and relocate overseas to Japan and you can live comfortably at a reasonable price.
Yes brother exactly.
or you can relocate overseas to Vietnam to live filthy rich & easily get anything you want, life is good for the rich people here lol
@@NguyenMinh-ri1tj why vietnam and not thailand? 🤣
not just japan, overseas... Not everyone wants to live in Asia full-time and it's not that easy to just move. I guess since I'm Asian, it's not that thrilling to me. Obviously, nonJapanese still want connections with nonJapanese, hence it aint that fun.
Vietnam is emerging, and some places have a milder climate than Thailand.
Vietnam might remain acceptable for a longer timer tax-wise than Thailand, although haven't looked into the details.
You can’t get rich anywhere in the world working a normal job. It is 100% possible to get rich in Japan with the right financial education
I'm still on the payroll here lmao
@@TCHHCTN Yeah, that's the problem. Don't be an employee
@@homeswithland As someone with years of experience in Music Production I don't have the tools for a business, but I'm aware starting your own online business is a great way to go, plenty of competition there tho.
If you think you can't/won't get rich in Japan, you're just a basic wage slave minded individual that you'd find in the west. Japan has so many opportunities for extremely profitable businesses, niches, and investments it's not even funny. People need to stop focusing on jobs and focus on being an entrepreneur
You must not have watched the entire video. I don’t have to work. I live off of my investments. Right now I’m on a long trip to various cities in Hokkaido and I’m getting a big home built. What part of I’m really living well don’t you seem to understand? It’s very hard to get rich in Japan off of a job in Japan that will usually only pay wages that are average until you get into your 50’s.
@@bspJapan You can claim whatever you want, a quick search of your history and real life scenario on Google paired with AI tools shows you don't have any investments that are worthwhile. Making $2k/mo is a good income amount? 🤣You're about as poor as Japanese citizens and 90sqm home isn't big. You're just getting by, you're not rich, you're not even an investor or entrepreneur smh
Subbed. Great insights for me a youngin’ under 30 (not exactly young i know), currently taking japanese lessons and would love to make japan my dream home in the future!
Teaching English in Japan is NOT a career, 2-3 years maximum and get out! Learn Japanese, get your JLPT 1 or 2 at the minimum and get a non English teaching job in Japan with great benefits and salary. Or get paid in USD, doing cyber security, etc.
I lived in Japan with my Japanese wife for 6 years before we moved back here to the US. 10 years later, we could move back there to Japan, living on the investments I've made (just like you said). The reason we don't, though, is because we hear bad things about the economy, and how biracial kids are treated (we have 3). Do you feel the effects of the economy? Do your kids feel the effects of growing up biracial there?
My son has been in the Japanese school system since we moved here last June and has never had any issues with bullying of any kind. He has also never experienced any bullying at any of his soccer games, practices and the like. As for the economy being bad we haven’t seen anything that has affected us or our family here. If anything we feel very rich in Japan and we often find ourselves being overly modest as to not disrupt the flow.
@@bspJapan That's good to hear. Thanks for that. My wife is paranoid about going back there. I guess the media she reads (all Japanese media) is nothing but doom and gloom. I'm skeptical of everything she tells me that she reads so I'm happy to hear straight from someone living there that it's not as bad as she thinks. Thanks again!
cers.leeds.ac.uk/wp-content/uploads/sites/97/2016/04/The-myth-of-%E2%80%9CNihonjinron%E2%80%9D-homogeneity-of-Japan-and-its-influence-on-the-society-Kana-Yamamoto.pdf
How did you mee your wife, if you don’t mind me asking?
How did you meet your wife, if you don’t mind me asking?
All your advice is SPOT on!!!!!!
@@nyasha3132 Thank you.
I enjoyed listening to your story. I’m currently doing graduate studies in Tokyo and I am kind of at a crossroad trying to decide to keep staying here after my studies or just return home. This video is very insightful!
Thank you.
Take my opinion with a grain of salt, because I've never been able to live there long-term, but I really dislike the way social media portrays Japan as either a sprawling metropolis or a rural wilderness with nothing in between. At least it feels like it gets portrayed that way. But for example, I've walked around Chiba, Kanagawa, northern Saitama, and there are a lot of really nice areas, lots of new housing there are full-on suburbs, with backyards and driveways, the whole nine yards. And they're not expensive at all compared to where I'm from, just outside of Toronto. I could easily see myself living somewhere like that, were an opportunity arise. I also couldn't tell you how often I've gotten deja vu while walking around Ibaraki, because it just reminds me of the cottage country back home. But people don't see that. They don't see the Costco that I SWEAR was plucked right out of my hometown and dropped in Chiba, right outside the Aqualine. They see Tokyo, or they see minimalist inaka lifestyles. They don't see the millions of people living pretty familiar, middle / working class lives. That doesn't get clicks, but it's real and it's what I personally love about the country.
How much do those houses in the suburbs cost? And you should make walk around videos, showing the side you see all the time that’s not shown much on social media. Don’t even have to talk or show your face. Like a POV walk.
@kingdoge69 Going in April, I'll try to remember!
Is not living well the reason we want to be rich in the west? To hell with the big paycheck if it means spending your life in a miserable place! Live well, your time is the most valuable finite resource you have.
True, why I could never pull the trigger to go over there, too much $$$ to be made in US. Furthermore if you ever plan on coming back to your home country with stronger currency you'll lose too much of your savings.
I think if you want money, there’s 3 options:
I think having a very high leadership position in a Japan location of a Western company.
Create business, move from CEO to owner, and then you can do whatever you want.
Create a really good business in Japan, that works, specially in Japan. For example: im sure there are some business concepts in the US that would blast off in Japan. Or maybe you can come up with something very new and original.
Uhhh… After, i dont see too many other options if you want to make like $200,000+.
You can live well in South America and Southeast Asia as well without the ridiculous taxes.
Of course you can "get rich" in Japan but it is a lot more difficult here because of Govt. Regulation. You need licenses do just about anything and when you open the Japanese Equivalent of an LLC... you are bombarded with notices from tax, labor and pension authorities. Just to get your own Jet Ski... you need a license and guns are legal but massive testing. Uber tried to get into Japan... they were shut down because Taxi companies have a tight relationship with the Govt. The population here is dropping so corporations and businesses are very protective of their ever shrinking turf... so they get laws written that protect it. Make your money in the USA and retire here... a lot easier.
I know who you are, the glasses threw me off - I just subbed. Looking forward to more of your content.
BSP, Big-Brother-Almighiiiity, another great video, man!
@@tee_ef_em Thanks brother.
Living Well is being Rich
There is a difference. I will explain in another video.
Japan is a welfare state and I think its the only one that is still functioning unless you want to travel abroad. You can get education, fresh unprocessed food, housing healthcare and cheap public transport if you are middle class. In Europe you only have this when you are upper middle class and many people now live at home with moms until 30-40. Remember get a life? With Cris peterson as the paperboy living at mom and dads? I never imagined this to be the norm for middle class people.
Software Engineering Contractors make a lot of money in the west I am one myself insane hourly rates but I dont understand why software engineering is such a low paid job in Japan, you get more working for western companies but stil that is only a fraction the same company would pay you in Europe or the US.
Well spoken and wise. Thanks for the vid.
Thank you for this video. I’m a us citizen wanting to move to Japan. Building a home sounds good too
Great advice I never heard before in depth.
Glad it was helpful!
In 1989 I moved to a Latin American country. It seemed like everyone wanted to learn English so I opened a used bookstore (English books) it was a sleeper business. I made more money 💰 there than my payroll job in the USA. Life was cheaper so it was a double win.
Well said. I had a similar conversation last month with a friend. Thank you for your thoughts. You have given me something to think about.
Great video! Building wealth is strategic in every country and so saying you won't get rich isn't true but its defintiely not the same in time, effort and tactics. I think most people come to Japan and are typically not competitive enough to ask for high salaries and teaching is like driving while the e-brake is up until you're out of gas. Definitely agree with what you've said, Japan is stuck in the year 2000 so salaries and expectations are frozen in time; stocks are too so for foreigners potential earnings are horrible but life on the way to the top isn't all bad.
Japan is hot in the summer....i was there first in 1993...I remember it very well....thanks for the memories :) peace from Poland.
Hey what’s up in Poland? We always have your back brother!
Agreed, Japan is not a country that was made for ease of getting wealthy, it is possible but less likely than many countries, that being said it is developed and you can at least live comfortably.
Well im screwed ...thousands of dollars in us debt, 30 years old, and im teaching english at private school😂
well balanced and heartfelt, keep it up!
Great info thanks. I too was stationed at Kadena AB in 1986 but really loved it there. Lots of watersports and warm weather. Got out and went back to school in CA then worked in software until I retired. Great to hear your story.
Thanks. I will never forget Okinawa. I had some good times there too.
Because the heavy tax and the social security, that is why we need folks like yourself to support us as much as possilbe.
So desu Ka?🤔😅
@@azraelfirstofhisname8695 according to the treasury, our gov'nt virtually took 47% off our paycheck last year.
It’s hard but not impossible at all . As an English Language School owner operator you would be able to make 6 figures a year ( 100k in dollars ) what is considered Upper middle class here . I do make 6 figures here and I can testify , you can definitely become Rich and live well here if you have the right plan and OF COURSE speak the language .
Yes it is possible but the biggest challenge I see many have is staying in business.
@@bspJapan True said !
100k does not make you rich. It’s the total of your savings plus pensions should be greater than 1.5 Oku plus annual income of 120k earned from retirement sources at the very least
@@michikoiesaka3365 I agree. Many associate being rich with how much they bring in. You can be making ¥10,000,000 a year with a negative net worth. I always focus on net worth.
@@bspJapan agree when you retire you cannot have any debts and that means all credit cards must have been paid off
How did you cope with Japan's exit tax, inheritance tax, and global investment income tax? I'm currently working for a US company that has a Japan Branch. I think for the first 5 years I get a break from some of this, but after the 5 years things get pretty dicey.
You are exactly right but you won’t be double taxed per an agreement between the US and Japan.
Use a lavalier mic with a deadcat to reduce the cicada noise this distracting. Thanks for sharing. Also share periodic updates and photos of the home being built.
I have mics. I wanted to get the sound of summer in on this.
@@bspJapan I hear you, however the sound of summer is drowning you out. Either way, it is just a suggestion. Look forward to other videos in the future. Regards,
Yes! The Kimi Ryokan is a great cheap place in the Sunshine City. I stayed there back in 1980. Everything you could want is close by.
@@ashenaura right! I ended up staying twice!
Well, in IT I might be making a good salary in Japan, but I'd also be selling my soul.
The problem with Japan for me nowadays is that I cannot easily bring my freelance job there.
I'd need sponsorship or need to open a company.
And the tax rates are unacceptable.
Georgia (GE) is a much better country for me fiscally, but I may retire in Japan later if there's an easy path to do so.
Great video and information. First time watching your video. It is a crazy coincidence because my wife and I just spent the last week in Niigata. I was impressed with the area and the vibes were great. We opted to stay out of the way of the tourists areas. Loved the peace that we experienced.
Yes Niigata is a very comfortable place to live.
Very interesting video
@@roxiesorrells4552 Thank you.
Rich and living in Japan on no money. I love your presentation. Please tell us how you bought your new house and is it worth the expense.
Cool
1k per month!? My student loans are more than that. Lol
Great video Tony!
Thanks brother.
Great insights and nice scenery
@@byzantinedream Thank you.
Never get rich in Japan? Beg to disagree! I made a friend back then in Yokkaichi City, Mie-ken, same age as me then when we met at the Occorimbo Bar. He worked for Kyocera and had a rock band as hobby. He was struggling then, like others. Today he is rich and retired , from working with the same compoany all his life. So never say never to nothing!
All the same , yes, this video of yours is highly recommended. 👍👍👍
@@ashenaura I should’ve changed this to you will never get rich as a foreigner.😂
interesting perspective, cheers.
- "You will never get rich in Japan, but you can live well."
- "Japan is not that kind of country where you get rich quickly."
- "The yen rate being almost 160 yen to the dollar now is amazing."
- "You can live well in Japan as long as you are comfortable with your environment."
- "I am living proof that you can live well in Japan."
- "The average Japanese person has not gotten a pay raise in a long time."
- "Teaching English is not the way to go in Japan anymore because they don't pay you as much."
- "You won't get rich here in Japan, but you can live well."
- "Living well in Japan requires financial planning and investment from your home country."
- "The yen's value against the dollar affects expatriates' ability to travel and live comfortably."
I might have met you at Nova/Tannoji back in the day. Good memories.
@@dargardargar yes I remember you! Where are you now.
Leave the city and it's all possible.
Hello, I’m Canadian also from the PNW and have been teaching in Japan for over a decade. I know very well what you are talking about. I live well in Japan. I have a house with a large property in southern Shikoku; however, the biggest challenge for me is building relationships / friendships with the Japanese. So I often feel socially isolated. My main question is how can I invest my Japanese yen savings?? Do you recommend to take the huge loss and invest back in Canada or invest in Japan?? I’ve lost so much money with the very low value of the yen right now. How long do you figure it will take for the yen to recover?
@@ShikokuFoodForest right now the yen is gaining strength due to moves by the BOJ and talks with the US. I wouldn’t dump any yen. I would hold onto what you have until the market for yen turns favorable. You will lose quite a bit if you otherwise.
@@bspJapan Thank you for sharing your thoughts. I’ll admit, I don’t have anyone else to talk to about this, so I don’t mind being completely open with you. Over the last 2-3 years, the yen has dropped in value something like almost 30% if my calculations are correct. So I am aware, yes, I will lose so much by exchanging the yen I have now to Canadian dollars which is a requirement to invest it back in Canada. As a non-Canadian resident, I have also found investing to be very difficult. I’m approaching retirement age, but could likely continue working in Japan for another 2-3 years. I never applied for permanent residence, since I lost my job as a result of Covid. I have only been able to work part time for about 4 years. Just this April, I was fortunate enough to find a new teaching position at a private high school. My plan is to leave Japan within a few years if possible mainly since I’ve decided I no longer want to be isolated socially. I’m working on a way to earn an income online, so I can continue working remotely to support myself in retirement since as you know teacher’s salaries in Japan are not so high.
@@ShikokuFoodForest You need to earn as much as you can as fast as you can. Have you been able to put into the pot in Canada to where you can get social security when you reach the government retirement age? In America you can get on social security as early as age 62 but that’s only if you worked at least 10 total years. Some good income during those years will be what a person would need. The amount you get in social security depends on how much you made when you worked.
I bought an 1r apartment 4 years ago near saitama super arena 5m walk to the station 4,000,000 yen! you cant even buy a parking space for that in the Netherlands. i did loose $8000 on the weak yen after that but still its a steal!
That is a good deal!
Hello from Misawa. This is definitely a place to retire if living well is a top priority!
Yes it is! I loved Misawa! I will get up to Aomori soon. We always talk about it.
@@bspJapan we have the annual airshow coming up Sept 7-8. Would be a good time to drop by!
@@oldsklteg That sounds good! Thanks for the info.
I appreciate the video brother
Thanks brother.
We found him guys! The b samurai!!
Thank you very much! 👍
well depends on, have your heard of the japanese word called working poor?
As a young black small business owner thinking about spending a good chunk of time in Japan, this video was invaluable!
I definitely had a concept about these things, and was leaning in the direction of the majority of what you said… But you really drove it home!
It would be great if we could connect somehow.
Thanks brother. Let’s connect up.
@@bspJapan Definitely! I shot you an email!
I live in oceanside Owase, Mie. Look us up with your family dude, anytime.
@@beverlyhills7883 Owase is a nice place to chill. I remember staying in a hotel there waking up to some nice views.
Good luck with the channel & the practical advice it offers. Upvoted. Subscribed. Shared.
Can you make a video on what it's like being black in japan?
@@Int-sum yes I will do that soon. It’s on the agenda.
How much passive income would you say i would need to live modestly in Japan each month thanks.
@@user-ox8ix6lf4r You need to figure that out on your own. Everyone has their own way of spending on expenses.
@@bspJapan 👍🏾
I followed a similar path and make enough off my investments to live in Japan. I don't want to work there, but I want to live there long term. No Japanese wife (yet). How would you recommend I go about getting a longterm visa that does not involve a student or work visa?
You’ll have to look at all the visa options available. They just added a Digital Nomad Visa.
It's very true. I lived in Japan for 10 years, and the Japanese didn't want to promote me and increase my pay.
それは日本人も同じです…
@@macaroonjack8041 その通りです。日本の多くの人々は何年も昇給を受けていません。
How does one move to japan?
I’m going to do a video on this soon.
He is married to a Japanese. That makes a lot of difference
@@bspJapanlooking forward to it
Do you have an extra bedroom in your house I could rent out?
Sorry I live in a Japanese home. They don’t really rent rooms out.😂
@@bspJapan Good video mayne! I'm happy for you
@@WingManJapan thanks brother.
Living well is the best revenge.
kewl ❤
Salute salute
250 yen to the dollar....Sound nice lol
You’re funny giving yourself a nickname. Why do you people always do that?
You people?
Total bullshit, there are rich Japanese there.
Of course there are rich Japanese here. The subject is aimed at foreigners.
Socialism. Mind blowing right?