Finances From Digital Nomad/Expatriate POV (w/ Dalton Brewster) Pt 1 | travelDev Vlogs (218a)
Channel: Owl Taktiks
Date: 2020-06-22

I sat down with my friend Dalton to talk about securing our finances with the digital nomad or expatriate perspective. We talk about our current strategies and where we plan to allocate our resources and time. I think working from an atypical position allows you to pursue other opportunities that you might not have thought of going through the traditional corporate path. These conversations are always interesting. Unlike working in a corporate world where most of our money goes into your house or 401k, you're might think to invest in interesting business ideas, invest in real estate property in hot spots like Medellin or Playa Del Carmen, and the potential to save more of what you earn. Let's dive in!

Link to Part 2: https://youtu.be/iCvY1FycurI

Topics:
(Part 1 00:35) Preface

(Part 1 01:10) Dalton's Intro (Finance background, Traveler, Marketing, Writing)

(Part 1 02:09) Traveling on points and credit cards
- Chase Sapphire Preferred (Dalton's Affiliate Link): https://www.referyourchasecard.com/6a/SRS0W3OAAP
- My $500 Dollar Budget Sheet in Colombia: https://youtu.be/OFlA9ffpuPc
- CrossBorder Express: https://www.crossborderxpress.com/en/
- Chase Booking Portal
- AirBnB (Tim's Affiliate Link): https://www.airbnb.com/c/timothyh793?currency=USD&referral_share_id=d0b4ff0b-66e6-48dc-9d20-bc417222c4d7

(Part 1 07:47) Misconceptions about traveling abroad

(Part 1 09:14) Foreign Earned Income Exclusion and self-start business benefits
- FEIE: https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion **Still have to pay FICA Taxes, about %16 (aka self-employment tax)
- FICA tax: https://www.nerdwallet.com/blog/taxes/fica-tax-withholding/
- Foreign tax credits
- Housing credits
- Incentivized countries to live/move to: https://www.thetravel.com/countries-pay-for-immigration/ and https://nomadapp.co/community/5-countries_who_will_pay_you_to_live_there/

(Part 2 00:05) International Real Estate Properties and Rentals
- Urvita MX: https://urvita.mx/
- Mexican property restrictions: https://transferwise.com/us/blog/buy-property-in-mexico

(Part 2 04:23) Idea investing in one property and living abroad
- FHA loans and house hacking: https://www.fool.com/millionacres/real-estate-financing/articles/how-i-used-fha-loan-buy-my-first-investment-property/

(Part 2 07:33) Real estate crowd-funding platforms: Fundrise, Prodigy, iFunding
- Acorn
- Fundrise (Tim's Affiliate Link): fundrise.com/r/o0eglp

(Part 2 09:41) Experiences about courses, passive income, eCommerce

(Part 2 15:16) Unique business ideas you've seen

(Part 2 21:10) M1 Finance, stocks in the short term
- M1 Finance (Tim's Affiliate Link): https://m1.finance/w7nhxr16e_Zx

(Part 2 23:55) How to get in touch with Dalton Brewster
- FB profile: https://www.facebook.com/dalton.brewster.52

Thanks for watching and feel free to comment, like, and subscribe!

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