That’s about $30-40k more than most people have… Before student loans
Edit: I ain’t hating, good for you for making it out! It’s an incredibly difficult thing to do, to uproot your entire life and move to a whole new country, and especially if it’s not an English speaking one.
Yes and many countries have extradition policies with the us. In order to renounce your citizenship, it costs like $2000 now. So it is double taxes otherwise in lots of places.
10 years. It was a lot of paperwork. Got a job in new country, built a new life.
There are a lot of valid excuses why one cannot emmigrate, but “I’m not filthy rich” is not one of them. Some people use that theory to assuage the cognitive dissonance. In other words: emigrating is a fuck load of work, and it’s easier for many to simply lie to themselves that they need to be filthy rich.
i knew someone in college 10 years ago, was starting the process after finishing degree, will try to get into grad school in canada or elsewhere, he had advantage though his wife had some residency in canada.
I left with $10k and 3 suitcases.
Nice, so I’m just 2 suitcases and $10k away from renouncing my citizenship!
No. You’re 1-2 years of visa applications and paperwork and job searching away from deciding to sell all your possessions and make the move.
You wont be able to renounce until you’ve gained citizenship in your destination country, which takes about 5 years usually.
You should do an AMA. Not even kidding.
Seconded
That’s about $30-40k more than most people have… Before student loans
Edit: I ain’t hating, good for you for making it out! It’s an incredibly difficult thing to do, to uproot your entire life and move to a whole new country, and especially if it’s not an English speaking one.
I mean, what they going to do if you take out a 10K loan and leave it all behind? Does US debt follow you to other countries?
Yes and many countries have extradition policies with the us. In order to renounce your citizenship, it costs like $2000 now. So it is double taxes otherwise in lots of places.
Most countries you’d want to go to have a tax agreement with the US to negate the effects of double taxation.
Which is more than many can afford.
I sold everything I owned online marketplace, down to mugs and dishes.
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…so what was in the 3 suitcases?
Love to know where I can retire for $10k and three suitcases. And a spouse and children.
Notice that I didn’t say that I retired with $10k and three suitcases.
So it’s not practical advice.
Do tell. How did you do it and how are you doing?
10 years. It was a lot of paperwork. Got a job in new country, built a new life.
There are a lot of valid excuses why one cannot emmigrate, but “I’m not filthy rich” is not one of them. Some people use that theory to assuage the cognitive dissonance. In other words: emigrating is a fuck load of work, and it’s easier for many to simply lie to themselves that they need to be filthy rich.
i knew someone in college 10 years ago, was starting the process after finishing degree, will try to get into grad school in canada or elsewhere, he had advantage though his wife had some residency in canada.