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Personal Finance for Expats

The Need for an Expat Personal Finance Blog

Posted on December 4, 2019 Written by Arin Vahanian

Despite what many people may think of us and the seemingly lavish lifestyles we are supposed to be living, we expats are a neglected lot, especially when it comes to obtaining good, relevant, and free (or cheap) advice on personal finance.

Performing a search for “personal finance for expats” online provides precious little that we can use. There is certainly not, at least that I have found, a knowledge base in a blog format where expatriates can go to read up on personal finance as it relates specifically to them.

Finally, advice such as “invest in an index fund” seems insulting to our intelligence, given that we probably could have figured that out by ourselves, and more importantly, because it ignores the array of investment options around the world. Indeed, there are numerous investments out there that many people have never heard of of, and we would be doing ourselves a disservice by not exploring and investigating what those options are. Because just as life as an expat requires flexibility, an open mind, courage, and an inquisitive mindset, investing as an expat requires those same qualities if one intends to be successful at developing a solid financial future.

Perhaps you work at an overseas office of your company, and are looking for ways to save for your retirement, as you are not very happy with the state pension plan of the country you live in.

Or perhaps you have started your own business and are now living overseas. You are excited but also apprehensive about this change in your life, and are worried about how you can invest money, now that you are living overseas.

Or maybe you are a perpetual traveler, sailing the seas of the world, climbing the tallest peaks known to humankind, or hopping from one island to another, taking in all that life has to offer.

Whatever your situation is as an expat, if you are interested in saving and investing, then this blog will be useful and applicable to you and your situation.

Many personal finance bloggers and experts seem to be writing from a position where they cannot truly understand the situation facing us expatriates. While I am not a financial planner and don’t claim to know everything, I am writing to you as a humble expat who has lived and worked on three different continents, and someone who has first-hand experience of the challenges faced by expats. Additionally, being a tax advisor specifically serving the expat market, I believe I am positioned to offer advice to other expatriates, especially as it relates to foreign taxation and its various implications.

Throughout my life and travels, I have found that many expatriates have little or no idea how or where they can save and invest money overseas. This blog is intended for them.

Filed Under: Investing, Offshore Tagged With: Blogging, Expat, Expatriate, Future, Index Fund, Investing, Life, Offshore, Overseas, Pension, Personal Finance, Retirement, Saving, Travel

Saving and Investing as an Expat

Posted on November 22, 2019 Written by Arin Vahanian

Life as an expatriate has never been more interesting. With the advent of remote work, improved technology and communication tools, and so many choices out there when it comes to careers, job prospects, and exotic locales, being an expat is indeed exciting and adventurous.

Inevitably however, if we look past all the glamour and luster of being an expat, the issues of finances and investing for one’s future come up. Being an expatriate does not mean that one can ignore the importance of saving and investing.

As an expatriate, at first glance there appear to be fewer options out there for you, as you may not be able to contribute to a retirement plan in your home country, such as a 401k, IRA, or equivalent plan.

That is one truth. But another truth is, expats also have many advantages when it comes to the array of offshore investments available to them. You, as an expat, can build a lifestyle you are proud of, and live life to its fullest. Indeed, you are already halfway there. At some point, you decided that you wanted something more than the humdrum existence of working a boring job back home, and decided to leave the shores of your land, seeking adventure, success, and enlightenment elsewhere.

But how does one, as an expat, find out about such investments, and live such a lifestyle? The reality is, most expats I come across have no idea how or where to save and invest money. Many opt to do nothing about it, putting it off for another day. But what happens when that day comes?

The purpose of this blog is to help you find out what options are available to you, and ensure that you too live a life that you have always dreamed about. It all starts with handling your finances as an expat.

Whatever your financial situation may be, because you are viewing this article, I am sure the topic of saving for your future is important for you. And, the bottom line is, investing offshore is one of the best ways for you to save and invest money as an expat. This blog aims to teach you just how to do that.

Filed Under: Investing, Offshore Tagged With: 401k, Budget, Expat, Expatriate, Finance, Future, Investing, IRA, Money, Offshore, Overseas, Personal Finance, Retirement, Saving, Wealth

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5 High-Risk Investments & Reasons to Be Cautious of Them

When it comes to investing your money, there are both low-risk and high-risk options. This article focuses on certain high-risk investments and reasons why you might want to be wary of them. But first, it is necessary to know what high-risk investments are. A high-risk investment is an investment that has the potential to help […]

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