Global Money Matters

Live Masterclass on Navating Your Finances Abroad

https://www.facebook.com/share/my6bbJptPKDFuTUo/

✈️ Are You living a global lifestyle and struggling to manage your finances? or are you planning to move abroad and don't know where to start with your finances?💴

📓 Join my exclusive Masterclass: Navigating Your Finances Abroad: A Masterclass on Managing Your Money While Living Abroad.

In addition to being a Perennial Expat, Digital Nomad, and Global Traveler, I'm also a former International Banker with over 20 years of experience helping expats and global travelers achieve financial success.

In this Masterclass, you’ll learn essential strategies to:
🏦 Simplify international banking
💱 Manage foreign currency volatility
📈 Optimize your savings and investments abroad
🪙 Understand potential Tax Obligations.
📌 Tips and Resources to enhance your financial
stability and growth while abroad

📅 Date: Wednesday, July 31
🕒 Time: 9:00am PST/12pm EST
📍 Register Now: https://theexpatwoman.thrivecart.com/navigate-finances-abroad/

Don't miss this opportunity to gain financial freedom 🏦 peace of mind while living your best global life!

BONUS CONTENT: E-book to aid you on your Financial Journey

April is National Financial Literacy Month…so it’s great to read about teens investing in the stock market

Teenagers Are Pouring Into the Stock Market — The Wall Street Journal “I’ve always had a business mindset of wanting to make money, and I’m very OK with taking risk,” said Sophia Castiblanco, 17, who invests in stocks such as Tesla, Apple and Amazon.com

FOR MY BAY AREA NETWORK:

Inspire Inclusion was the theme for this year's International Women's Day on March 8th...as March is Women's History Month, let's keep the conversation going.

As a Female Expat, how do you navigate the concept of Diversity and Inclusion in a New Foreign Country?

After Living, Working, and Traveling abroad for over 25 years, I'll
share some of my thoughts on this topic for The Expat Woman in a Ted Talk-style presentation: Navigating Global Diversity and Inclusion as a Female Expat on Thursday, March 14th in San Francisco.

I have a few FREE tickets for this event. Feel free to send me a DM. See you on Thursday!

Living A Global Lifestyle

Great Financial Advice we can all learn from. 💵💶💷💴

How to Stay Focused on Saving for Retirement, No Matter Your Current Financial Situation It's possible to feel good about retirement, whether you have a nice nest egg or not even a fledgling fund. See expert tips for prioritizing retirement saving, no matter where you are in the process.

Have a Happy and Prosperous New Year!

Have a Happy, Healthy, and Abundant Holiday and New Year.

Still Planning to Move Abroad and confused about your finances?

Join me on Sunday, November 21 at 2pm CT - We will be talking about everyone's favorite topic - Money and Finances for Digital Nomads! The Digital Nomad Beyond 50 Group is hosting a live Digital Nomad Cafe on Financials.

We'll cover the gambit of managing your finances while living abroad: Banking, Credit, Investments, Taxes, Retirement, Social Security, and Insurance.
Bring your questions!

https://bit.ly/DNB50-Live-Financials

For anyone interested in Global Tax Havens https://www.axios.com/south-dakota-global-tax-haven-5120d206-20ab-4cc1-ba91-d1d59fe22487.html?fbclid=IwAR0y0sPmTxJ6VdV1kpHBWAElsf56p_AhzliPu-cmdevpQFr0c7h2gXsR5Jo

How South Dakota became a global tax haven That's one of the clear messages from the Pandora Papers.

This is an odd development since Nutmeg was acquired by JP Morgan Chase. FATCA strikes again https://www-thisismoney-co-uk.cdn.ampproject.org/c/s/www.thisismoney.co.uk/money/investing/article-9893401/amp/Nutmegged-wealth-firm-ditches-Britons-born-US.html

Nutmegged... wealth firm ditches Britons born in US Nutmeg, which has more than 140,000 clients, emailed affected customers last month, warning them it was closing their accounts, due to 'legal and regulatory complexities'.

Seems like a public national credit registers is a strong possibility.

As a US exit, you have to keep an eye on your US credit history and US credit score.

Great news that people can get free reports until 2022.

Check you US credit score and US credit report, pre-departure and periodically when you are abroad.

https://amp.usatoday.com/amp/46965135

Congress considers credit-reporting overhaul, including putting government in charge of scores This week, Congress discussed updating the U.S., credit-reporting system, including moving control from the 3 bureaus to a single government agency.

Hmm...banks giving out credit without checking credit scores...relying on different data. Could this be a preemptive step due to the talk of nationalizing the credit bureaus?https://www.foxbusiness.com/personal-finance/jpmorgan-wells-fargo-us-bancorp-credit-cards-people-no-credit-scores

JPMorgan, others plan to issue credit cards to people with no credit scores Some of the largest U.S. banks plan to start sharing data on customers' deposit accounts as part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow.

For any US Expats looking to give up US citizenship. Here are some financial considerations.

Should you give up your U.S. citizenship if you live abroad? Here’s how to decide Legally, the term is “expatriate.” The problem for Americans living in another country is that they must continue paying tax on their worldwide income. Merely departing the United States isn’t enough to end worldwide taxation, because U.S. citizens are taxed no matter where they reside.

If you are considering a move abroad this survey should be an essential part of your research.

For anyone considered a US citizen or US permanent resident, having a basic understanding of taxes when you live abroad is a must.

Also, take time to read some of the comments - especially by country so you can also have a view of how US taxes can have an impact on the foreign country you are living in.

Survey Report: “Being an American outside of America is no longer safe" - Stop Extraterritorial American Taxation! From late October until early December 2020, SEAT carried out a study to better understand the effects of the extraterritorial application of U.S. taxation and banking policies on persons living overseas. The study was conducted in the form of a survey open to current and former U.S. citizens and gr...

A question that comes up often about US social security - a nice detailed answer

Dear Penny: Do I Need My Ex-Husband’s Permission to Get His Social Security? Dear H., No, you don’t need to contact your ex to claim his Social Security. Even Social Security won’t contact your ex to tell him you’re claiming...

Who knew? Taxes on Credit Card Rewards

How to Know Whether Your Credit Card Rewards Are Taxable Credit card rewards generally aren't taxable, but there are exceptions.

FB LIve at 11am today with Mundey Young Coaching

Looking forward to my FB Live today w/ - we take a deeper dive into managing your finances while living abroad and I discuss more details about my new Moving Abroad Financial Blueprint Workbook.

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Tune in at 11 am EST!/5 PM Paris Time

It will be interesting to see if this trend will replace existing international remittance channels https://qz.com/africa/1983610/bitcoin-draws-millions-of-workers-sending-their-money-abroad/amp/

Bitcoin draws millions of workers sending their money abroad Central banks are losing ground to cryptocurrency exchanges.

Information for US Expats on taxes and stimulus payments

Now that the has passed, will Americans overseas also receive benefits?

Our Taxation team has put together resources to provide info to Americans living overseas. Visit our info page here: https://www.democratsabroad.org/carmelan/covid_aid_mark_iii_is_coming_what_you_need_to_know_and_how_to_prepare

Some new numbers on retiring around the world.
https://www.netcredit.com/blog/cost-comfortable-retirement-around-world/?fbclid=IwAR2xObcBaIw55erDRKY_KkXhvcnCD0Nxzj6S9lScQI3Sys3iPaV0gs2VCbA

The Cost of a Comfortable Retirement Around the World - NetCredit Blog Dreaming of retirement? We found the average cost of retirement by country highlighting the most affordable places to retire around the world

Coming Up On Sunday, February 28th @7 PM ET- A Masterclass on How To Manage Your Finances When You Move Abroad.
http://bit.ly/2ZDYlFy

Masterclass: How To Manage Your Finances When You Move Abroad A Live Masterclass on How To Manage Your Finances When You Move Abroad. Financial Blueprint Workbook accompanies the class

Has to be one of the most asked questions in Living A Global Lifestyle https://transferwise.com/us/blog/choose-local-currency-at-foreign-atm?fbclid=IwAR3cBmnxV0wsP6_uLmSchY1PW729HELe7EnY530FgGBhGKI8DUfOB-CLRhk

Here's the simple rule you need to know when using a foreign ATM When it asks which currency to charge you in, there's only one right answer...In the Eurozone, that answer is euros. In Sweden, Swedish krona. In Britain,...

Wishing everyone a Happy and Prosperous New Year.

Article references the annual Mercer cost of living survey. Also has links to other lists like best count tries for Women, etc. https://www.atlasandboots.com/remote-work/most-expensive-cities-for-expats/?fbclid=IwAR0ttMiEioXEBY7kZjql6be8MsOVxfGiszWKN5-lhHi5DAh0hlZgGlLFvrY

Most expensive cities for expats 2021 | Atlas & Boots The world's most expensive cities for expats have been re-assessed with six of the top 10 located in Asia. We take a look at the results.

A case for residence based taxation for US expats https://www.washingtonexaminer.com/opinion/biden-should-embrace-residence-based-taxation?fbclid=IwAR1uzcobeB9-3mEqqLL7KbQPKdn0LDFUpI-PG6gx9sZ5iq3Q3WAzor9H9hI

Biden should embrace residence-based taxation President Biden has an opportunity to stand above partisan rancor like few before him.

I’ve said this often - fees are a part of most financial service companies. Don’t believe the hype about no fees - it’s a source of revenue for most financial institutions.. even online banks/financial institutions. https://www.axios.com/chime-fee-income-atm-revenue-14572e20-7397-4cb2-96e8-425126850363.html

Scoop: Chime makes a fifth of its income from customers paying ATM fees Chime markets itself as a service with "no hidden bank fees," but 21% of its revenue comes from customers paying ATM fees.

Has anyone heard more info about this? https://americanexpatfinance.com/news/item/612-german-bank-to-close-its-doors-to-u-s-persons-from-march-citing-fatca-reporting-burden?fbclid=IwAR2RnUFS8zrUfmoaSPFJgeWHJwX4KgTS-JrmVS6TOPxOkdsWhfs09NpQ0Cc

German bank to close its doors to 'U.S. persons' from March, citing FATCA reporting burden: Report Augsburger Aktienbank, one of the largest banks in Germany's Bavaria region, is preparing to inform its American clients that they must take their accounts elsewhere by the end of March, according to a published report in Germany.  In doing so, Augsburger Aktienbank (AAB) will bec...

Have you heard about the new social media app Clubhouse?

- it's a new voice/audio-only app, so for those of you who prefer audio over always being on camera, this is a great option.

- It’s currently only for IOS/iPhone. Android is scheduled for later.

- You can get an invitation by joining the waitlist, or an existing user can give you one.

- You can create your own room and start a discussion or join one of the many rooms on several different topics

- You can move from room to room, taking part in different discussions on the virtual stage if you are allowed by the host/moderators (you ca. request to speak by using the “raised hand’ emoji).

- You can leave quietly whenever you want to leave the app or leave to join another event/room.

-It’s a hot new app with thousands of people globally already using it, including a lot of celebrities (I’ve already sighted Tiffany Hadish, and Oprah and Gayle have been known to pop in).

The article below also goes into more detail. https://www.glamourmagazine.co.uk/article/what-is-the-clubhouse-app

I’m doing my first test event tomorrow at 7pm EST. How To Move Abroad: What Steps You Can Take Now.

Follow me on Clubhouse: lisarmitchell

https://www.joinclubhouse.com/event/GxoyaW5m

How to Move Abroad: What Steps You Can Take Now Thursday, January 7 at 7:00pm EST with Lisa R. Mitchell. Although most foreign borders are closed, you can still plan your future move abroad now. We will discuss all topics related to moving abroad: career, healthcare, and managing your finances

Not sure if this is good news or not - identity thieves are always one step ahead

Debt Collectors Will Be Able to Contact You on Facebook, Instagram, and Twitter A new CFPB rule will give debt collectors agencies more ways to find you, including online. Consumer Reports shares advice on what to do if collectors come after you.