[thorin]

If you want to live in a low cost of living country you need to learn to live as the locals live. My friends that live overseas in Asia or in Eastern Europe probably spend as much as I do on rent and have servants, drivers etc so they still need to earn quite a bit.

If you don't have any family you could try somewhere relatively close by for short periods and see how you get on e.g. USA->Panama/Costa Rica, Western Europe -> Eastern Europe, or maybe consider Thailand/Vietnam.