Why “Pay Yourself First” is Dead

Why “Pay Yourself First” is Dead

Dateline: Kuala Lumpur, Malaysia There’s a personal finance concept that savers hold dear – the idea of “paying yourself first.” It’s a pretty basic concept. There are several different variations of it, but the main idea is that you take a certain amount of...
How to Create Staffing Companies to Save Tax

How to Create Staffing Companies to Save Tax

Dateline: Kuala Lumpur, Malaysia The easiest kind of business to move offshore is the kind of business that can fit in a backpack – the kind of business that lives in the cloud. This is the kind of work that you can do remotely, totally location-independent. All...
How To Pay Less Taxes: 5 Offshore Methods

How To Pay Less Taxes: 5 Offshore Methods

Dateline: Mexico City, Mexico When most people think of how they can structure their lives so that they don’t have to pay taxes, their first thought is that they have to go live in Dubai.  Surprisingly, this just isn’t the case. There are more ways than you might...
9 Types of Taxes To Avoid when Moving Offshore

9 Types of Taxes To Avoid when Moving Offshore

Dateline: Tbilisi, Georgia There are so many different types of tax that you have to consider when you’re living and traveling all around the world.  In fact, we all deal with these nine different types of tax on a frequent basis. And if you’re only...
6 Surprising Ways to Save More Money Offshore

6 Surprising Ways to Save More Money Offshore

Dateline: Tbilisi, Georgia One of the interesting things that I’ve learned being the Nomad Capitalist – helping people go overseas and also studying money habits in general – is how much of this stuff is behavioural. If you can go from 40% to 5% in...
IRS Currency Exchange Rates for Expat Tax Returns

IRS Currency Exchange Rates for Expat Tax Returns

If you are a US citizen living abroad, you are required to file your annual taxes based on your worldwide income, not merely income earned in the US. This means that any foreign-earned salary, as well as foreign-earned interest, dividends, pensions, capital gains on...
What is an IRS Currency Transaction Report?

What is an IRS Currency Transaction Report?

Dateline: Kuala Lumpur, Malaysia Suppose you recently took a trip to Las Vegas, and you got lucky – in fact, you took home more than $10,000 in gambling winnings. If that’s the case, then you likely have a Currency Transaction Report on your tax file with...