I'm in Florida and had a couple of gals come over and clean today. My place is similar in size. The basic fee was $180. They were here less than 3 hours. When I had a deep clean, they charged me twice that amount.
So many of the houses in Colombia that I've been considering to purchase have a "service" suite of bedroom & bath for live-in help. This might be beyond your range of experience, but do you have any idea what sort of weekly/monthly wage would be paid to such a person?
@@JuanLhuv yes they have a "maids quarters" to hire someone live in, 6 days a week. You're looking at $250 to $400 per month. They usually get sundays off. Having someone come in just for sundays is $125 to $150 per month. Keep in mind that they would legally become your employee and you would have extra expenses and compliance to abide by. However, most people don't do this and just pay cash.
@FrankSalas Thanks for that. I imagine getting free room & board is seen as a significant benefit by the domestic help (if a bit feudal to modern Western sensibilities). By the way, the 2024 minimum monthly wage of $1,300,000 pesos was bumped up on Jan. 1 to $1,623,500. That's almost a 25% increase. To an economy already experiencing significant inflation, that's the sort of financial policy only a socialist government could promote as appropriate. Do you see that as affecting the investment environment and impacting COP exchange rates?
@@JuanLhuv Room and Board always helps, when in another country, it is absolutely disadvantageous to think about "how it is back home" -- if I trade stocks in South Korea -- the stock price of Texas Instruments based in Dallas Texas doesn't really matter. I've been living in Colombia since 2017, inflation is not exclusive to the USA or Western Countries. Things get more expensive, it's just the way the world works. Now with this new minimum wage, since it just happened like 10 days ago, we will see how it goes. Most people in LATAM countries (and in general) are pretty bad with money. I know many Americans/UK "westerners" who live paycheck to paycheck but make 6 figures. In most societies, especially people with jobs, they don't really save and wait until the next paycheck. As far as investments, buying real estate in most countires are a solid bet -- however -- to be clear if you are buying anywhere outside of your home country (I assume you are American) then, by definition, it's "speculative"
I'm in Florida and had a couple of gals come over and clean today. My place is similar in size. The basic fee was $180. They were here less than 3 hours. When I had a deep clean, they charged me twice that amount.
@@suzetteshares that $180 is about what I spend in a month. 2x per week, deep clean. Crazy difference!
You need any worker at your business currently..i got a male friend who's well in need of a job..
So many of the houses in Colombia that I've been considering to purchase have a "service" suite of bedroom & bath for live-in help. This might be beyond your range of experience, but do you have any idea what sort of weekly/monthly wage would be paid to such a person?
@@JuanLhuv yes they have a "maids quarters" to hire someone live in, 6 days a week. You're looking at $250 to $400 per month. They usually get sundays off. Having someone come in just for sundays is $125 to $150 per month. Keep in mind that they would legally become your employee and you would have extra expenses and compliance to abide by. However, most people don't do this and just pay cash.
@FrankSalas Thanks for that. I imagine getting free room & board is seen as a significant benefit by the domestic help (if a bit feudal to modern Western sensibilities).
By the way, the 2024 minimum monthly wage of $1,300,000 pesos was bumped up on Jan. 1 to $1,623,500. That's almost a 25% increase. To an economy already experiencing significant inflation, that's the sort of financial policy only a socialist government could promote as appropriate. Do you see that as affecting the investment environment and impacting COP exchange rates?
@@JuanLhuv Room and Board always helps, when in another country, it is absolutely disadvantageous to think about "how it is back home" -- if I trade stocks in South Korea -- the stock price of Texas Instruments based in Dallas Texas doesn't really matter.
I've been living in Colombia since 2017, inflation is not exclusive to the USA or Western Countries. Things get more expensive, it's just the way the world works.
Now with this new minimum wage, since it just happened like 10 days ago, we will see how it goes. Most people in LATAM countries (and in general) are pretty bad with money.
I know many Americans/UK "westerners" who live paycheck to paycheck but make 6 figures.
In most societies, especially people with jobs, they don't really save and wait until the next paycheck.
As far as investments, buying real estate in most countires are a solid bet -- however -- to be clear if you are buying anywhere outside of your home country (I assume you are American) then, by definition, it's "speculative"
Few hundred bucks for a cleaner for just a couple of hours? Looks like even the lowest paying job can make you a millionaire in US ;)
@@buffalosoldat revenue - expenses = profit
USA has high expenses