Enjoying a hike in Asia? Kicking back on a beach in the Caribbean? Who has time for taxes? However, reading this can save you thousands of dollars in unwanted penalties and fees.
Being a U.S. citizen or resident alien has its benefits. There is the right to religious freedom, freedom of speech and the right to live permanently in the United States. Those are the positives.
The downside? Well, contrary to what many people believe, U.S. citizens or resident aliens are taxed on their worldwide income regardless of where they live. The typical tax deadline is April 15. However, if you are outside of the country on that date, the IRS will allow a 2-month extension to file your tax return and pay any tax due.
The world beyond our borders is home to millions of other people, who all lead very different lives. Though have you ever wondered what it would be like to live among them? To experience a change of culture and scenery, and live abroad at least once in your life?
There are very many reasons people dream of relocating to a foreign land. This can be for work, to volunteer, study, pursue a change of scenery, or retire. Though whatever your reason, moving into a new country can be a rich and rewarding experience.
Here are my five reasons why everyone should find the energy to pack up and move abroad … at least once in their life!
The lifestyle of a digital nomad is highly coveted, especially among Millennials. Many of us identify with its appeal: escaping the 9-5, becoming our own boss, living and working wherever we want – provided there is Wi-Fi of course!
This revolution has proven that it’s possible to have a much more flexible work-life balance, with the aid of just a computer screen and the power of the internet. But becoming a digital nomad is not just an easy way out of doing any real work. As with anything in life, there are pros and cons.
But if you’re still keen to go for it, Ecommerce is a great choice for building a steady income online, and done right it can be very rewarding both for merchant and customer.
Laura Bronner has always wanted to be the old lady that everyone goes to for a good story. You know the one; she has crazy tales of days gone by, of encounters that make you laugh so hard you cry, and has crumbling old photo albums worn from years of page turning. She wants to be that old lady.
So, six years ago she packed her life into a backpack and hopped a one-way flight to New Zealand. She lived there for over a year, and then moved to Australia for two more. The following year was spent in Korea, followed by a string of other homes; Switzerland, England, Mexico City.
With no plans of ever moving back “home”, Laura has become an external expat. So who better, we thought, to interview on the pros and cons of living abroad.
For those of us who grew up with the spoils and comforts of the Western world, there is often little or no reason to relocate our entire lives to a place thousands of miles from home; especially if we have limited understanding of the local culture, cannot speak the language, and may have only visited for a few weeks or months prior to the move.
But there is something about traveling to a foreign land, learning local customs and behaviors, meeting amazing people and leaving with a greater understanding of yourself that only those who have been through the same experience will understand.
In my opinion, it is something everyone must do in their life. Although, if you’re reading this blog, chances are you know this already!
Having visited more than 45 countries and lived in 7, Anna Karsten truly has been almost everywhere! Though her passion for travel and experiencing new cultures goes further than that of your average backpacker, traveler or tourist. While many would travel and spend two days to a week in each new destination, Anna looks for excuses to settle in, and actually lives there!
To date she has found herself living abroad across 4 different continents, in cities which include Mexico City, Boston, London, Cape Town, Florence and Leiden.
By now she is truly an expert expat, and gives us the following advice on living abroad!
Introducing Bex! An unconventional British lass with a degree in International Relations, the wrong side of 35 and only just the right side of 40, Bex finds herself living in the unconventional country of Greece. S
he’s traveled to, lived and taught in various places around the globe—Sri Lanka, Cambodia and even helped teach English to the crew of a container ship travelling across the Atlantic Ocean!