Finance

Articles on finance: income, taxes, retirement and more.

Monday, Jun 19, 2017

How does U.S. tax work for American digital nomads?

Americans are unique in the digital nomad community in that they still have to file US taxes. Today, Bright!Tax tells us more about tax issues.

Wednesday, Apr 26, 2017

Tropic Mango Path To Financial Freedom

I learned that if you earn US dollars (USD) or another strong currency and live in a Low Cost of Living Country, you’ll probably sooner or later find yourself whizzing away on a Hyperloop ride to Financial Freedom.

Wednesday, Apr 12, 2017

How to Work in the Gig Economy and Still Save Like a Corporate Lifer

There are lots of things to recommend the freelance lifestyle. But matching retirement contributions and a regular pay cheque aren’t among them. Here’s how to be the boss of your own money.

Friday, Mar 31, 2017

What I Wish I Knew About My First Pay Check

When you’re fresh out of college and land your first professional job the first thing that crosses your mind is probably relief. The second is likely if your new salary will be enough to cover your bills. But the salary amount is usually where a lot of first-time professionals stop paying attention to their compensation package.

Thursday, Feb 16, 2017

Digital Nomads: How do you manage taxes?

There is a brewing possibility that I might come across a remote position. I wanted to take this opportunity and travel a few places around the globe. I am planning to start for a few months in my home country and then make the move. But I am not sure how the taxes and other financials work if I am moving around different countries every 2-3 months(or whatever time is ideal).

Friday, Jan 20, 2017

Millennials may need to double how much they save for retirement

Many financial advisers recommend that workers aim to save between 10 and 15 percent of their pay. But other experts say millennials should save much more, up to nearly a quarter of their income, to avoid running out of money in old age if stock market returns fall.

Thursday, Dec 22, 2016

What was your best passive income in 2016?

Any side projects, Game, OSS, Hacks.

Thursday, Dec 15, 2016

Expert Q&A: How To Deal With Taxes As A Global Remote Worker

Remote work is forcing us to question the way our classic government institutions function. Who do we owe our taxes to? How do all parties ensure that appropriate tax codes and laws are being followed when workers may be employed by different countries or work in more than one region throughout the year? How can remote workers–whether they are self-employed or full-time–make sure they fulfill their tax obligations when working abroad or for companies in other countries?

Monday, Nov 14, 2016

Boosting your savings rate by living abroad and working remotely

Most people don’t have the luxury of working from home, but if you can get a job or start a business that allows you to work remotely 100% of the time, the impact on your savings and FI date can be huge.

Wednesday, Nov 2, 2016

What are your passive income sources?

I do affiliate marketing. Just looking for few other options and would love to hear your experience/story of creating passive income sources!

Thursday, Oct 13, 2016

To all of you making well into the 6 figure range, how'd you do it?

To all the FI’ers out there that are making 6 figure incomes and higher, how’d you do it?

Monday, Oct 10, 2016

How to Retire at 40

Three early retirees tell their story of living on 4 percent or less.

Friday, Sep 16, 2016

The best ways to transfer money internationally for 2016

We took a look at some of the best online transfer services and got recommendations and insights from the experts.

Thursday, Aug 25, 2016

how much do you make at a remote job

Some companies seem to highly adjust for location, for example, Buffer is paying $93k for a developer in Hong Kong, $77k in Buenos Aires, and $144k in San Francisco, for the same job. This raises questions about determining ‘fair’ salary outside the major cities, where the cost of living is well known and understood, and sources such as Numbeo and similar sometimes miss essential issues. So, dear reader, what’s your job, where are you based, on what’s your salary?

Wednesday, Aug 24, 2016

How have you achieved financial independence?

I know this is a niche question, but have you reached a point where you have enough passive income to not to have to work for a living? If so how did you accomplish it?

Tuesday, Aug 16, 2016

What's your average cost of living (per month)?

What’s your average cost of living (per month)?

Friday, Aug 12, 2016

How the hell do you all make money!?

I’ve seen a myriad of get rich quick schemes and online money making scams. Obviously this is not how you are all making money. So how are you making money? How much money are you making? And what strategy creates the most amount of cashflow?

Tuesday, Aug 9, 2016

If you don't have a residence, where do you pay taxes as a European citizen?

If you don’t have a residence, where do you pay taxes as a European citizen?

Tuesday, Jul 26, 2016

The Ultimate Tax and Money Guide for Digital Nomads

Here’s a primer on the tax and financial aspects of the digital nomad lifestyle. Note, this is mainly for US folks.

Thursday, Jul 14, 2016

How do you manage you money?

I’m interested to hear how people manage their personal finances, and any advice on that score. Do you do it through your bank, do you have a personal broker, online services? I am especially interested in hearing from people outside the US, more so if they have assets in the US that they manage as well.

Monday, Jul 11, 2016

Best country to register a company for DN?

I’ve read some suggestions about Hong Kong here, due to no taxes, reputable banking system, but seem that it can be difficult to arrange and can take months to get a bank account even after going there. Where did you set up your company and bank account with paypal, credit cards and all? Looking for recommendations on companies that help with the setup also!

Tuesday, Mar 22, 2016

The Runway Calculator: How to Travel for 6 Months and Come Back Richer

Many people fantasize about traveling the world and working on their book, starting a business, or doing freelance work… but there’s no good way to figure out how financially feasible it is. Well, there wasn’t. Until I built one.

Friday, Mar 11, 2016

Why Don't People Manage Debt Better?

Psychology experiments show why even the financially savvy have a hard time following sensible strategies.

Friday, Mar 4, 2016

Stripe: Atlas

With Stripe Atlas, entrepreneurs can easily incorporate a U.S. company, set up a U.S. bank account, and start accepting payments with Stripe. Starting today, it’s available to developers and entrepreneurs globally. The promise of the internet is that location matters less. However, geographic barriers and associated complexity make it difficult to start a global business in many parts of the world. Developers around the world should have equal access to the tools and services that are available to those in Berlin and Boston.

Tuesday, Feb 23, 2016

Nomads, what is your yearly income? What do you spend on expenses?

I want to see how much nomads are comfortable making a year before I begin my journey!

Wednesday, Feb 10, 2016

Your Passive Income Suggestions?

Please share suggestions of whats worked for you and what hasn’t.

Tuesday, Feb 2, 2016

Thinking about money

Many marketers work overtime to confuse us about money. They take advantage of our misunderstanding of the time value of money, of our aversion to reading the fine print, of our childish need for instant gratification and most of all, our conflicted emotional connection to money. Confusing customers about money can be quite profitable if that’s the sort of work you’re willing to do. A few things to keep in mind.

Friday, Jan 22, 2016

How We Pay Remote Employees Around the World (and Where the Money Goes)

Similar to how we share our salaries openly, we’re now happy to share the financial setup of a 6 Buffer teammates around the world, including how they’re set up as remote workers, how much they pay in taxes and where that money goes.

Tuesday, Jan 19, 2016

How Should You Manage Your Money? And Keep It Short

Managing your money should be pretty straightforward, but that doesn’t make the task all that easy.

Friday, Jan 8, 2016

How do you manage your financial life as a digital nomad?

I’m interested as to how other nomads/perpetual travellers manage their financial lives on the road. How do you keep on top of your financial assets/situation whilst travelling and using multiple currencies? How frequently do you change your primary currency and how do you cope with that mentally (on the fly conversion etc)? Do you budget, or just roll with the punches?

Sunday, Dec 20, 2015

Your Most Valuable Asset Is Yourself

Our finding was this: Homes and retirements accounts aside, the most valuable asset they owned was the person staring back at them in the mirror each morning. Chances are, the most valuable investment you own is the investment called you.

Wednesday, Dec 9, 2015

Introducing Buffer's Salary Calculator & New Salary Formula

For anyone looking to take a job at a startup, or anyone working on salaries at a startup, we hope this new formula and calculator might cut down the time you spend on thinking about salaries by many hours.

Wednesday, Nov 11, 2015

Passive Income - who's doing what and how much are you making?

How many of you have passive income? I guess in the truest sense of the definition, passive income is 100% passive, requiring no work once established. I’m curious to hear about such cases as well semi-passive cases in which only a few hours of updating or maintenance is required each month.

Monday, Nov 9, 2015

Digital nomad taxes – which country to pay in?

I’d really love to be completely above board w/r/t taxes and have health insurance, but all the advice I find online either sounds made-up or is “consult with your accountant”. If I had an accountant I wouldn’t be searching for this info!

Saturday, Aug 29, 2015

How Much To Charge As A Freelancer - Why Almost Everyone Gets It Wrong

This is one of the most commonly asked questions by freelancers (both newbies and veterans alike.) Well-meaning responses posted on message boards often include a link to one of several online calculators. The inputs include questions like “how much is your monthly Internet bill?” and “How many vacation days do you take each year?” The final question on the of most popular of these calculators is “How much profit do you want?

Tuesday, Aug 25, 2015

Where To Register A Company When Being A Traveling Digital Nomad?

Do you have any recommendation on where in the world to register a company when being a traveling digital nomad and EU citizen in Asia?

Monday, Jul 27, 2015

The World's Best Bank Accounts For International Travelers And Nomads

I spent countless hours finding the best banks for nomads in North America, Europe and Oceania, so you don’t have to. Read on to learn more about these incredible banks and how you can open an account with them today.