India, March 21 -- A US citizen who came to India nine years ago started his business, got married to a local woman, and settled in Goa all because he got frustrated with inflation harming his quality of life in America. In a LinkedIn post, he said that he now lives a comfortable lifestyle that costs him less than Rs.1 lakh per month.

"I made a rare financial decision 12 years ago. And it has changed my finances (and life) forever. Most personal finance gurus tell you to: Budget your expenses. Invest and hold long-term. Build multiple streams of income. Then, you achieve: (F)inancial (I)ndependence (R)etire (E)arly," Elliot Rosenberg wrote. He added that while onboard with these bits of advice, he faced a problem while living in America ...