Travel
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FAQ
"How much does traveling cost?"
Cost of living(rent, utilities, wifi, groceries) is $500 USD per month for most countries, $1000 for most others.
"Health care and insurance?"
Health care and insurance are both pennies on the US dollar abroad via medical tourism
"What about visas?"
Usually don't need them, the ones you need are almost all entirely online now, a fifteen minute form and nominal fee that is offset by the drastically lower cost of living in that country.
"How do you make money while abroad?"
Any job that nets you $500 a month works. There are over 2 billion English students globally right now, so native English speakers have lucked into a guaranteed job on or offline.
"What qualifications do I need as an English teacher?"
Some countries and schools require a TEFL certificate or prefer candidates with an associate's degree depending on the position, but if you want to teach English, all you need is to be a fluent English speaker.
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So long terms capital gains isn't excluded right?
And there is a 130k/yr cap on feie
So if someone builds up their nest egg they will still owe federal income tax on it if it's capital gains or over 130k/yr
Thank you for citing the source! I really appreciate that
You're welcome!
Right, the FEIE specifically excludes earned income, not unearned income, where capital or investment gains would be grouped under.
The exemption was 126,500 last year, but it's a variable rate as determined by the IRS each year, going up a thousand or so annually.
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This lets you convert pay per hour work into long term capital gains, or dividends, maximize 401k, do the mega-back-door, and get payouts in a Non-Convertible-Currency (such as VND)... your imagination is the limit.