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How do you manage Money/Finances like a boss if you're an Expat?
Posted: January 2nd, 2023, 1:37 pm
by rainbanx
How do you keep up with your finances while living abroad?
Do you still invest in Stocks, Index Funds, Crypto?
What's your story?
Lets talk.
Re: How do you manage Money/Finances like a boss if you're an Expat?
Posted: January 2nd, 2023, 2:25 pm
by Jackfruits
live under what you can afford
Re: How do you manage Money/Finances like a boss if you're an Expat?
Posted: January 2nd, 2023, 11:09 pm
by rainbanx
Jackfruits wrote: ↑January 2nd, 2023, 2:25 pm
live under what you can afford
Appreciate your feedback brother. This is the only way to thrive is not to keep up with the jones and live below your means. Good point.
Re: How do you manage Money/Finances like a boss if you're an Expat?
Posted: January 3rd, 2023, 8:36 am
by Jackfruits
rainbanx wrote: ↑January 2nd, 2023, 11:09 pm
Jackfruits wrote: ↑January 2nd, 2023, 2:25 pm
live under what you can afford
Appreciate your feedback brother. This is the only way to thrive is not to keep up with the jones and live below your means. Good point.
I have a few million dollars in real estate, though highly leveraged as in rent pays mortgage and now make zero on it, but in 20 years from now its mine without debt. that's how I safely expand my wealth.
In asia when travelling I can afford more than I spend average 2500-3000/m while I can afford more. i stay in 4 star hotels when i can afford 5 star easily
Re: How do you manage Money/Finances like a boss if you're an Expat?
Posted: January 3rd, 2023, 8:39 am
by Natural_Born_Cynic
Real estate is a way to go. Don't invest in Crypto. I seen many crypto investors lose their money in South Korea and in the U.S.
Re: How do you manage Money/Finances like a boss if you're an Expat?
Posted: January 3rd, 2023, 2:57 pm
by Jackfruits
Natural_Born_Cynic wrote: ↑January 3rd, 2023, 8:39 am
Real estate is a way to go. Don't invest in Crypto. I seen many crypto investors lose their money in South Korea and in the U.S.
absolutely, see all people with money on FTX; I know more than 5 people who lost 1M+ each on their FTX accounts, 30+ people who lost in total 10m+ with luna/anchor/cefi platforms as voyager/celcius, etc and others on scams
Re: How do you manage Money/Finances like a boss if you're an Expat?
Posted: January 4th, 2023, 12:32 am
by rainbanx
Jackfruits wrote: ↑January 3rd, 2023, 2:57 pm
Natural_Born_Cynic wrote: ↑January 3rd, 2023, 8:39 am
Real estate is a way to go. Don't invest in Crypto. I seen many crypto investors lose their money in South Korea and in the U.S.
absolutely, see all people with money on FTX; I know more than 5 people who lost 1M+ each on their FTX accounts, 30+ people who lost in total 10m+ with luna/anchor/cefi platforms as voyager/celcius, etc and others on scams
I still focused on buying crypto, but in a smaller amounts. But most of my holdings are from Blue chip stocks and Total market Index funds with International + Bonds diversification. (Not a financial advice) but, always do you DD when invest, and invest what you can afford to lose.
Re: How do you manage Money/Finances like a boss if you're an Expat?
Posted: July 17th, 2024, 6:05 pm
by hebtas
I invested only in gold via the
money metals exchange platform. No regrets. And I still have doubts about crypto. Is it a good time to invest in it? I know a lot of people find it risky, and I'm no exception. But it seems that the price is lower now.
Re: How do you manage Money/Finances like a boss if you're an Expat?
Posted: November 24th, 2024, 6:35 am
by roxoy
Living abroad while managing finances requires using global investment platforms and understanding tax implications. Many expats invest in stocks, index funds, and crypto through online brokers that offer international access. If needed, you might consider Goud verkopen (selling gold) to generate extra funds, especially if you have valuable items that you no longer need. Managing your finances abroad involves balancing local expenses and your global investment portfolio, while staying informed about both local and international financial trends.