Posted on: 9th April 2019 in Expats Financial PlanningExpats have plenty of spending options to enjoy – thanks to their earnings being free of taxation from their country of origin. (Except for US expats, notably.) But expats also generally know that there’s a bit of a trap in play with tax-free income. It goes like this: You leave your country of origin to take advantage of earnings that are not taxed by your home authorities. You end up with far more money than you would have if you had stayed at home. Your idea is to save enough abroad in a shortish spell to retire at home in comfort. But there are many spending temptations abroad. There are travel opportunities, there’s the brilliant weather – there’s a million reasons to put off investing in your family’s financial future. And what’s wrong with enjoying right now? Enjoying the expat lifestyle is all to the good. But it burns through cash. Can you find a way to spend money that will reap financial rewards in the long run? Here are two ideas – education, and property investment. Why not balance your leisure spending on some educational investment instead? And, if not, look at property, particularly in the UK.
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