I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, l'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so l hired an expert advisor for aid, and following him advice, I poured $10k in value stocks and digital assets, Up to 43k so far and pretty sure I'm ready for whatever comes.
I have been in the market since 2022, I have a total profit of $795 thousand realized with my $65 thousand invested in Bitcoin, ETFs and other dividend income, I am very grateful for all the knowledge and information you have given me.
Thanks for the informative comments... I think BTC and ETH are more likely to retest resistance and then drop. But as always, the situation changes every day and all we can do is act responsibly, monitor the markets and frequently reevaluate our strategies. I would like to thank you, because David,* for giving me my crypto education while comfortably earning 9.7 BTC.......
My advice to everyone is this: If you want to grow big this year, especially in your finances, be willing to take risks. Saving is great, but taking risks puts you on a pedestal where you wouldn’t have to worry about saving like you do now. Thanks to Lee David, my portfolio is doing very well and I’m proud of the decisions I made last year.
I got my Mexican permanent residency by having a Mexican daughter and I can get my citizenship in 2 years but was hoping to renounce before then. Since I’d have a higher tier passport like Mexico in 2 years , do you think just getting the cheapest and fastest option like Vanuatu for the purpose of renouncing would be okay? Would prefer to save the 100k over a Caribbean one since Mexico would give basically the same access once I have it.
In my opinion Knox jarrati strategy is the gold standard right now, and I suggest it to anyone starting out because of its excellence and widespread recognition.
If you have your money in cash then yes...but if it's more than $2mill in like stocks, real estate ect...then they will charge you. Basically keep the money is cold hard cash until you file the paperwork to renounce. There is still a little $2,000 fee but that's nothing. Just talk to a lawyer they'll help you get the cost down.
@@RicherThanIeverbeen Technically they wouldn't. BUT check out Roger Ver's case. It took them 7-10 years or something to find out that he claimed to have less than $2M but had well over it. Now they are going after him. It's normal for the USA to overstep its bounds.
In addition to other answers you can gift assets to your wife or form a trust and gift to that trust. Gifting has limits. Best to speak to a professional about this.
I heard from your previous videos that you renounced with a Mexican passport. My understanding is that Mexico has high taxes like the US. Would you please tell us the advantages of renouncing with a Mexican passport.
@@RicherThanIeverbeen canadians have an exit tax tho. and all assets are considered sold the day we leave and we pay taxes on them on the way out even if you did not actually sell the assets.
Just a suggestion. You can work to get out your tax system & once you do, you live abroad while still reaping the benefits of your passport. But to my knowledge, renouncing won’t automatically exclude you from Canadian taxes if you’re sourcing income there or you’ve exceeded the minimum stay requirements that qualifies you as a tax resident. However take everything I told you with a grain of salt & seek legal advice, I’m just a guy on the internet.
@@wagnerpatriota No 35 of them need a ETA. You can't apply for a ETA if you went to Cuba after 2021. Like I can't apply for one since I went there after 2021. But thanks to my Canadian passport I can visit the US without a visa or ETA.
What you are saying is partially true but what I can say is that if you are a non-citizen national of the United States of America when you live overseas, you do not have to pay taxes on foreign income or report bank accounts
I got Canadian Citizenship. And a Korean one. And a Australian passport. Like should I get Singapore citizenship because my husband has citizenship there. And my daughter has citizenship there too.
I read a news article recently, it says that, if you owe the IRS more than 62000 USD, then you risk revoking your US citizenship, or maybe it can be revoked.
Appreciate the analysis! BTC’s reliability and ETH’s scalability improvements are key. SHIBA’s active community adds excitement. Based on these, I’ve invested $5,000 in AWS61T. Looking forward to its growth! 🚀
Thanks for the insights! BTC’s stability and ETH’s upcoming updates are encouraging. DOGE has strong community support. I see a great opportunity in new cryptos, so I invested $5,000 in AWS61T. Excited for its future! 🚀
Great video! BTC’s institutional backing and ETH’s upgrades enhance their value. DOGE, despite volatility, has momentum. I think there’s a chance in new cryptos. I’ve put $5,000 into AWS61T. Anticipating great results! 🚀
No. You can't. I have Canadian citizenship and I don't pay taxes there. Like if you live there you will need to pay taxes to get a care card. and a Drivers licence. I know a person on a long term family visa that still neads to pay taxes.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, l'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so l hired an expert advisor for aid, and following him advice, I poured $10k in value stocks and digital assets, Up to 43k so far and pretty sure I'm ready for whatever comes.
I have been in the market since 2022, I have a total profit of $795 thousand realized with my $65 thousand invested in Bitcoin, ETFs and other dividend income, I am very grateful for all the knowledge and information you have given me.
Thanks for the informative comments... I think BTC and ETH are more likely to retest resistance and then drop. But as always, the situation changes every day and all we can do is act responsibly, monitor the markets and frequently reevaluate our strategies. I would like to thank you, because
David,* for giving me my crypto education while comfortably earning 9.7 BTC.......
My advice to everyone is this: If you want to grow big this year, especially in your finances, be willing to take risks. Saving is great, but taking risks puts you on a pedestal where you wouldn’t have to worry about saving like you do now. Thanks to Lee David, my portfolio is doing very well and I’m proud of the decisions I made last year.
He’s mostly on Telegrams, using the user name
I am not an American and I don't have US passport but I am watching this.
What made you think that people would care?
@@TheHouseOfRonin what did this guy do to you
@@TheHouseOfRonin At least some read his comment - didn't they..
actually almost 70% viewers in this video are not American citizen
@@youngscoping7696Wrong. America is always #1
Bought AWS61T after watching your video, super excited! 💰
Looking forward to AWS's growth!
Excited about AWS too! It’s great seeing our investments grow together. Let's keep it up! 🚀
AWS is a great investment choice!
AWS is promising! Happy to be part of this journey.
Happy to invest in AWS together!
GREAT VIDEO! In Australia looking to renounce VERY soon
Very informative. Thanks
another excellent video as usual!
love these videos
Great video.
I wish US got rid of Citizenship based taxation that would make me want to get US citizenship. Other than that I’m happy with my NZ passport
I got my Mexican permanent residency by having a Mexican daughter and I can get my citizenship in 2 years but was hoping to renounce before then. Since I’d have a higher tier passport like Mexico in 2 years , do you think just getting the cheapest and fastest option like Vanuatu for the purpose of renouncing would be okay? Would prefer to save the 100k over a Caribbean one since Mexico would give basically the same access once I have it.
I feel for those unsure about digital marketing, as the dollar's instability and crypto's rise signal a significant shift in global currency.
Hearing it last week got me scared so I agree with you! Investing puts money to work. The only reason to save money is to invest it
In my opinion Knox jarrati strategy is the gold standard right now, and I suggest it to anyone starting out because of its excellence and widespread recognition.
This is correct, Knox jarrati strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started
How do I contact this woman
Please help put down her contact info 🙏🏾
Is EXIT Tax avoidable?
Have less than $2M
@@pures1n if u have a few million in a cold wallet how would they know?
If you have your money in cash then yes...but if it's more than $2mill in like stocks, real estate ect...then they will charge you. Basically keep the money is cold hard cash until you file the paperwork to renounce. There is still a little $2,000 fee but that's nothing. Just talk to a lawyer they'll help you get the cost down.
@@RicherThanIeverbeen Technically they wouldn't. BUT check out Roger Ver's case. It took them 7-10 years or something to find out that he claimed to have less than $2M but had well over it. Now they are going after him. It's normal for the USA to overstep its bounds.
In addition to other answers you can gift assets to your wife or form a trust and gift to that trust. Gifting has limits. Best to speak to a professional about this.
Isn't the current wait time for the exit renounce interview 3 years now due to the long list of applicants ?
Depends on which embassy you choose.
@@ian7379 got it thanks!
bookmarked for post election reference
Probably earlier is better before China takes over
I heard from your previous videos that you renounced with a Mexican passport. My understanding is that Mexico has high taxes like the US. Would you please tell us the advantages of renouncing with a Mexican passport.
Avoiding tax residency is how he makes it work.
can i renounce my canadian citizenship to avaid paying taxes??
I dont think u guys need to. Us Americans are some of the only ones doomed lol
@@RicherThanIeverbeen canadians have an exit tax tho. and all assets are considered sold the day we leave and we pay taxes on them on the way out even if you did not actually sell the assets.
we are doomed aswell, just in a different way
@@m99226 any insight into that?
Just a suggestion. You can work to get out your tax system & once you do, you live abroad while still reaping the benefits of your passport. But to my knowledge, renouncing won’t automatically exclude you from Canadian taxes if you’re sourcing income there or you’ve exceeded the minimum stay requirements that qualifies you as a tax resident. However take everything I told you with a grain of salt & seek legal advice, I’m just a guy on the internet.
would it count if your grandparents claim spanish citizenship first and then you work with that ?
Can I buy this from someone who is planning to renounce anyways?
If i hold my crypto in fiat wallet when i leave country they dont know that i have money when i leave?
if i do that, can I still get a tourist visa to visit my friends and family?
Yes
ah, then not a big deal... ✌️
@@wagnerpatriota Then you can get a passport that has visa free acess to the US there is only 5 of them.
@@scienceandartclub I googled "which passports are visa free to the ". There are more than 40 countries .
@@wagnerpatriota No 35 of them need a ETA. You can't apply for a ETA if you went to Cuba after 2021. Like I can't apply for one since I went there after 2021. But thanks to my Canadian passport I can visit the US without a visa or ETA.
2:12 you do NOT want Spanish citizenship or you will get FUCCED with Spanish taxes
Your video convinced me to invest in AWS61T, expecting 10x gains. Excited for listings!
Ha ha ... US protection.
What you are saying is partially true but what I can say is that if you are a non-citizen national of the United States of America when you live overseas, you do not have to pay taxes on foreign income or report bank accounts
Nope don’t do that
Who with the right mind would pay a mil to get the crappy Elsalvadorian passport!
I got Canadian Citizenship. And a Korean one. And a Australian passport. Like should I get Singapore citizenship because my husband has citizenship there. And my daughter has citizenship there too.
Paying 1 MILL to save millions in taxes and penalties by IRS is simple mathematics.
Appreciate the tips! Got AWS61T, predicting big returns. Major exchanges confirmed!
Dont listten to youtubers ( your gonna fuak up your life )
It is very hard to see project which can be used in real life like AWS61T 🥳🥳🥳
The renouncing doesn't seem that hard unless you are a "covered" citizen.
Renouncing before someone applies a 40% capital gains tax becomes "law".
I read a news article recently, it says that, if you owe the IRS more than 62000 USD, then you risk revoking your US citizenship, or maybe it can be revoked.
Provide a citation or stop babbling.
You risk getting your PASSPORT (not your citizenship) revoked.
We shouldve stayed under British control smh. At least we wouldnt have to worry about this matter
Thanks for the insights! Bought AWS61T, predicting big returns! 📈
Your advice led me to AWS61T, holding for 5x gains. Exciting listings ahead!
💖 Big thanks for the insights into TON and AWS61T. Both seem like solid picks for the future 💖
Wait a few months, trump could change everything
Appreciate the analysis! BTC’s reliability and ETH’s scalability improvements are key. SHIBA’s active community adds excitement. Based on these, I’ve invested $5,000 in AWS61T. Looking forward to its growth! 🚀
Thanks for the insights! BTC’s stability and ETH’s upcoming updates are encouraging. DOGE has strong community support. I see a great opportunity in new cryptos, so I invested $5,000 in AWS61T. Excited for its future! 🚀
Great video! BTC’s institutional backing and ETH’s upgrades enhance their value. DOGE, despite volatility, has momentum. I think there’s a chance in new cryptos. I’ve put $5,000 into AWS61T. Anticipating great results! 🚀
Thanks for the insights! Grabbed AWS61T, expecting 10x returns. Big listings confirmed!
AWS61T will change the crypto game forever! 🌍
Is there a way to renounce it in 1 minute
Thank you for sharing AWS61T💗 I really appreciate it
Your recommendation led me to AWS61T, expecting huge returns! 🌍
can i renounce my canadian citizenship to avaid paying taxes??
thank you!
great content!
No. You can't. I have Canadian citizenship and I don't pay taxes there. Like if you live there you will need to pay taxes to get a care card. and a Drivers licence. I know a person on a long term family visa that still neads to pay taxes.