Learned on October 2022 that Capital One does not handle international living abroad. No international VPN, nor foreign phone number. Also, in general, make sure you specify country you want to go to because that foreign country could be on the 'banned' list for that bank!!!
Regarding consumer debt, I'd like to point out that you can pay off your consumer debt faster if you move abroad and have a lower cost of living. My friend was living in Los Angeles and her cost of living was around $6,000 a month. She moved to Mexico City and her cost of living went down to $2,000 a month, so she was saying $4,000 a month, which she used much of it to pay her consumer debt (around $30K) off much faster than had she stayed in the US while paying off debt, so that's something to think about!
I could have sworn that I mentioned this in the video but it's been a while. But it definitely depends on your income source. For instance, earning pesos in Mexico this would not have been possible for me.
Great video! Unfortunately, we will move with debt or else we wouldn’t move for a long time. Creating a moving budget and sticking to a tight budget (with steady income flow) will allow us to pay all of our debt within a year (vs several years) by drastically cutting our expenses with the move abroad.
@@stawill7854I would say no. While they're accepted almost everywhere here (except Costco), a lot of businesses outside of the U.S.--especially local merchants--will not. I found that to be the case when I spent a semester in Mexico years ago. If you only want to carry one credit card abroad, I would also suggest Visa or Mastercard.
This is such great information. I moved to Mexico as a DN,. I just messaged my sister and told her I'm going to give her all access to my money and do an FPA and POD. This is about the only thing I hadn't done before leaving. I do monitor my credit via Credit Wise and Credit Karma so haven't done a freeze. I find living in Mexico I still use my credit card and am still paying off one. But I'm not adding to my debt. Moving to Mexico has allowed me to pay off 5 of my 6 credit cards. 1 left and it should be paid down in the next year.
Watched from the future and per usual it has so many gems 💎 and very relatable. Thankful as I’m continuing on my journey to retire abroad in Mexico 🇲🇽 October 2025! 🙌🏾💯
Great tips on opening brokerage accounts BEFORE leaving the US and having a financial power of attorney (while you're alive) to make sure your life insurance doesn't lapse and other things. Thanks.
Picky Girl Travels the World, you deliver “Very Informative”, strategical, and safe, actionable steps of “Musts and To Do’s” for those of us, like myself, that are in the process of ‘Getting Out’ and traveling with as much ease and free will as possible. Very much appreciated. 🥰Thank You🥰
I love automated payments to make sure no payments are missed. And I love automated debits to make sure savings are going into the right buckets without me touchng it!
Just recently heard about taxes collected from foreigners in Colombia. There are really important things to look for besides the affordable lifestyle offered in certain places.
I've seen you mention some shady practices you've seen on social media posts and things many people don't do when moving abroad. It'd be nice to see a video on that.
Yooooooo, this video is everything. I'm from California and about to move to Spain for a government job. All things I never would have thought about or known to do. Thank you
Just discovered you through Black Xpat group. Omgosh FINALLY, so great, clear, important information! THANK YOU!!! I just want to sit and listen to video after video of your now, and I plan to do so! THANK YOU!
Thank you SO much for this video! I’m pretty financially illiterate and although I’ve been around expat forums for awhile, I haven’t made steps that I needed to handle. I’m kind of shocked how easy it was to open a brokerage account and I’ve got a list that I need to work through now
Thank you for all the info; I'm glad I found this channel. It does seem kind of overwhelming, but I'm going to take small bites and do my research. I have a 5 year(hopefully less) plan to move abroad, so I'm going to start by getting rid of my credit card debt and earning more money/multiple income streams, as well as decluttering and minimalizing.
Great information on important matters that aren’t generally thought about when making your move abroad! I really appreciate you dropping the knowledge!
You are very knowledgeable and cover much detail, good video.. I read the link about state Domicile, still not sure how it works back in Florida. after seeing this video I am sure we're definitely ready to go. I had hoped that 5k , online tutoring and some housesitting would get us started. Oneday 🇲🇽 🇵🇹 🇫🇷
I’m soooooo grateful to be a member of this VILLAGE! I appreciate your willingness to help our community 🙏🏽…I was truly struggling with where to begin and get organized 😳
Thank you Adalia! So many great points to dig into in this video. Also the podcast on Wills was excellent. We need to cover all bases to protect ourselves and loved ones.
Adalia, thank you for this video. I watched it again. I currently live in New York City. My mom lives here and we are each other's beneficiary. My dearest friends I trust live in NJ and NY. These are both high tax states. I just don't know how I can change my domicile to FL or TX without living there. I may just have to pay NY taxes for a time. Once I leave the U.S, I never really want to return only to visit my mom and friends.
Texas is pretty easy to set up domicile. I'd be Florida is as well. Like something you could do a week or two before leaving the US. If I were you, I'd focus on how to end your domicile in NY. That may be the more difficult part.
This was excellent - thorough and extremely helpful. Thank you, Adalia! One thing I would mention regarding the domicile state is that there may be other considerations for keeping it in a state that charges income tax - for instance, if someone is early retired and only draws from 401K some states have no tax for such withdrawals. So in my case I won't pay any income taxes since my income is just from IRA (rolled over 401K). Plus the state offers medicaid for adults so I can use that in case I travel back to US...
@@AdaliaAborisade I'm from Los Angeles, California and my business is tied to this state, so I know that for me, there's no way around paying state taxes. Still in the early stages of research for pivoting my business so that I have local representation but can work from Mexico City. I work in intellectual property, so it's doable with a plan. You are the first person that I have come across that speaks about the realities of banking and taxes. So happy to have found you.
This is such an amazing video. I'm 20 years old and it's my dream to move to a foreign country. I've been looking for good financial advice on how to make my dream possible. Your videos are the best I've seen so far. Thanks for this video.
EXCELLENT Video. Thank You So Much For The Information. Most Of It I Knew & Had Taken Care Of! The Access To Account Section I Had Not Considered! Most Helpful. Thanks, Once Again.🌹
Excellent video! About to make a long-term move and definitely still have a few things to think through. Although this was more to the US audience, I still found many good ideas to research further.
I am sure all of this information is on point because it was stressful to listen too. LOL! Good grief!!!! I mean WOWWW! I think we might simply travel - visit for months at best but not LIVE abroad- cause woah- too much - life is but so long. LOL! Again- great information though.
Thank you for all that you have shared. I completed the video and I ended up with so much knowledge. This has empowered me.The lessons/insights you have shared with us could be used as a framework to strengthen one financially.Even if one does not move aboard.
Thank you Adalia! Amazing information I've learned so much about getting your financial house in order before traveling & moving abroad! I'm going to book a coaching call with you soon!
Thank you so much for this information! Some of these things I would have no way of knowing without your guidance,. Thanks again for another awesome video💜💜💜
Great info: QUESTION Regarding freezing credit would you also recommend a credit monitoring agency? I have a credit monitoring service included with roadside assistance.
Regarding the 4th tip, I receive ssdi and retirement. My ssdi is deposited in my debit account issued by social security. My retirement checks are deposited into my bank. Does the 4th tip still apply to my situation? Have you videos specifically geared toward the disabled? If you don't, could you suggest a YT channel of someone who does? I actually live in New Mexico...I'm this close! All of these points you've brought up though are a bit overwhelming. I'll have to watch the supplement videos to get a better understanding.
You just need to know how you will access that money. A money management account with Schwab or Fidelity would let you use the ATM with $0 fees. Moving money TO the US can be trickier. Not on RUclips but you should definitely check out Eve Clark @disabled.diva.travels on Instagram or her website disableddivatravels.com/
@@AdaliaAborisadeThank you! Are these banks or credit cards? I'm living in Serbia going on 2 plus years. There's times when I need to withdraw large sums for various transactions. I can only take out up to $600/day and I'm racking up fees making multiple trips to the bank. Also Serbian banks hate American banks and the red tape dealing with Americans trying to open accounts.
If your bank is a international bank; like a Bank of America does it matter, because my account in the USA with them, would be the same bank account in Spain with them right; right?
That has not been the case in my experience, branches in different countries are different entities. Besides you US account is in dollars a local Spanish account would be in Euros unless it is specifically a multi-currency account.
Learned on October 2022 that Capital One does not handle international living abroad. No international VPN, nor foreign phone number. Also, in general, make sure you specify country you want to go to because that foreign country could be on the 'banned' list for that bank!!!
Yea. You need to keep your American number. Port it to google voice. Knock on wood no issues for me so far.
WHOA! You were dropping gems in this video - several tips I never heard before. Thanks so much for sharing!
I'm so glad it was helpful.
Regarding consumer debt, I'd like to point out that you can pay off your consumer debt faster if you move abroad and have a lower cost of living. My friend was living in Los Angeles and her cost of living was around $6,000 a month. She moved to Mexico City and her cost of living went down to $2,000 a month, so she was saying $4,000 a month, which she used much of it to pay her consumer debt (around $30K) off much faster than had she stayed in the US while paying off debt, so that's something to think about!
I could have sworn that I mentioned this in the video but it's been a while. But it definitely depends on your income source. For instance, earning pesos in Mexico this would not have been possible for me.
Great video! Unfortunately, we will move with debt or else we wouldn’t move for a long time. Creating a moving budget and sticking to a tight budget (with steady income flow) will allow us to pay all of our debt within a year (vs several years) by drastically cutting our expenses with the move abroad.
You've got a plan of action and that's awesome!
When you said “the oh sh*t fund,“ I immediately subscribed. 🙌🏼🤣#mytribe #mylanguage
Comments I received from others living in the Far East, don't even think about using American Express. Leave it at home. Visa and Mastercard = yes
What about Discover?
@@stawill7854I would say no. While they're accepted almost everywhere here (except Costco), a lot of businesses outside of the U.S.--especially local merchants--will not. I found that to be the case when I spent a semester in Mexico years ago. If you only want to carry one credit card abroad, I would also suggest Visa or Mastercard.
This is such great information. I moved to Mexico as a DN,. I just messaged my sister and told her I'm going to give her all access to my money and do an FPA and POD. This is about the only thing I hadn't done before leaving. I do monitor my credit via Credit Wise and Credit Karma so haven't done a freeze. I find living in Mexico I still use my credit card and am still paying off one. But I'm not adding to my debt. Moving to Mexico has allowed me to pay off 5 of my 6 credit cards. 1 left and it should be paid down in the next year.
Watched from the future and per usual it has so many gems 💎 and very relatable. Thankful as I’m continuing on my journey to retire abroad in Mexico 🇲🇽 October 2025! 🙌🏾💯
So glad we found you ! Moving abroad in 2026 . You have great info ! Thank you !
Great tips on opening brokerage accounts BEFORE leaving the US and having a financial power of attorney (while you're alive) to make sure your life insurance doesn't lapse and other things. Thanks.
Picky Girl Travels the World, you deliver “Very Informative”, strategical, and safe, actionable steps of “Musts and To Do’s” for those of us, like myself, that are in the process of ‘Getting Out’ and traveling with as much ease and free will as possible. Very much appreciated. 🥰Thank You🥰
Great tips. You should also include setting up automatic payments for credit card balances and other critical services.
I love automated payments to make sure no payments are missed. And I love automated debits to make sure savings are going into the right buckets without me touchng it!
Just recently heard about taxes collected from foreigners in Colombia. There are really important things to look for besides the affordable lifestyle offered in certain places.
Adalia this was on point. So much valuable information even for those traveling continuously and not totally relocating. Thanks
2024 I have to work on decluttering and getting money right. I already have my passport.
🙌🏾
I've seen you mention some shady practices you've seen on social media posts and things many people don't do when moving abroad. It'd be nice to see a video on that.
Yooooooo, this video is everything. I'm from California and about to move to Spain for a government job. All things I never would have thought about or known to do. Thank you
You're welcome!
Just discovered you through Black Xpat group. Omgosh FINALLY, so great, clear, important information! THANK YOU!!! I just want to sit and listen to video after video of your now, and I plan to do so! THANK YOU!
You're so welcome
Thank you SO much for this video! I’m pretty financially illiterate and although I’ve been around expat forums for awhile, I haven’t made steps that I needed to handle. I’m kind of shocked how easy it was to open a brokerage account and I’ve got a list that I need to work through now
You're so welcome!
dont ever delete this
Thanks for watching
You are god-sent. I appreciate this so much. Sending many blessings, love, light, and success your way ✨
say it loud *
build your own sh** fund (get vex money) another great video!
Thank you for all the info; I'm glad I found this channel. It does seem kind of overwhelming, but I'm going to take small bites and do my research. I have a 5 year(hopefully less) plan to move abroad, so I'm going to start by getting rid of my credit card debt and earning more money/multiple income streams, as well as decluttering and minimalizing.
Best of luck!
Great video, I did everything, but the adding someone to my bank account. I do have someone as beneficiary of all my Financial accounts
This was a big wake up call…this was an excellent video! Definitely need to have a soild plan before moving…thank you for all the information
You are so welcome!
Yes we’re interested in student loan debt
Noted
This was very good information! I never would've thought about freezing my credit and the domicile info! Thank you Adalia!🙏🏾
You're so welcome
And yes I learned about POD this year and immediately implemented it!!!!
Great information on important matters that aren’t generally thought about when making your move abroad! I really appreciate you dropping the knowledge!
You are so welcome!
You are very knowledgeable and cover much detail, good video.. I read the link about state Domicile, still not sure how it works back in Florida. after seeing this video I am sure we're definitely ready to go. I had hoped that 5k , online tutoring and some housesitting would get us started. Oneday 🇲🇽 🇵🇹 🇫🇷
I’m soooooo grateful to be a member of this VILLAGE! I appreciate your willingness to help our community 🙏🏽…I was truly struggling with where to begin and get organized 😳
You are so welcome!
DEFINITELY a couple things I hadn’t thought about. Domicile 🤯 blew my mind!
Right?!
This was incredibly informative! I was taking notes and have a new to-do list!
Glad it was helpful!
Excellent one
Thanks a lot!
Just discovered your channel. Loving the education.
Welcome! Glad you found me 😁
I love how detailed your videos are!! Great info!
Learning a lot on your channel. It is really helping with our plans. Thanks and shared 👍🏽
I love to hear that!
Thank you so much for sharing this information! I’ve heard and received 🙌🏾‼️
Glad it was helpful!
Free service done VERY professionally! Thank YOU so much! Subscribed! Much appreciated. God bless!
Saved to my favorites. On.the money with this one....thank you! 💕
I did the same as you, saved this video.
These tips are really useful! Thanks!
Glad you like them!
Love this, Adalia! So informative and encouraging that preparing financially to move abroad is actually doable. 🙏🏽
Thank you Adalia! So many great points to dig into in this video. Also the podcast on Wills was excellent. We need to cover all bases to protect ourselves and loved ones.
Absolutely!!
Adalia, thank you for this video. I watched it again. I currently live in New York City. My mom lives here and we are each other's beneficiary. My dearest friends I trust live in NJ and NY. These are both high tax states. I just don't know how I can change my domicile to FL or TX without living there. I may just have to pay NY taxes for a time. Once I leave the U.S, I never really want to return only to visit my mom and friends.
Texas is pretty easy to set up domicile. I'd be Florida is as well. Like something you could do a week or two before leaving the US. If I were you, I'd focus on how to end your domicile in NY. That may be the more difficult part.
Excellent presentation Thank you for your Wisdom and Sharing it❤
This was eye popping! Pen and paper in hand! I’m on it.
Great information
Very Informative. Thanks
Amazing information thank you so much we’ll be following these steps & booking our call soon !
This was excellent - thorough and extremely helpful. Thank you, Adalia!
One thing I would mention regarding the domicile state is that there may be other considerations for keeping it in a state that charges income tax - for instance, if someone is early retired and only draws from 401K some states have no tax for such withdrawals. So in my case I won't pay any income taxes since my income is just from IRA (rolled over 401K). Plus the state offers medicaid for adults so I can use that in case I travel back to US...
Yes, retirement status does play a role in figuring out what's the best option.
Thank you so much for this video. This is exactly what I have been searching for.
The question you need to ask yourself is how you feel about state income taxes.
@@AdaliaAborisade I'm from Los Angeles, California and my business is tied to this state, so I know that for me, there's no way around paying state taxes. Still in the early stages of research for pivoting my business so that I have local representation but can work from Mexico City. I work in intellectual property, so it's doable with a plan. You are the first person that I have come across that speaks about the realities of banking and taxes. So happy to have found you.
Wow! Thank you for being so thorough. This is helpful.
Glad it was helpful!
13:19 bookmark! ❤️
20:05 bookmark: international banking
23:19 DISCVR not international, so true... I found out this summer in Ghana, thank God I also brought the Visa too! 💯
This is such an amazing video. I'm 20 years old and it's my dream to move to a foreign country. I've been looking for good financial advice on how to make my dream possible. Your videos are the best I've seen so far. Thanks for this video.
I love that you're starting early. Time is your best advantage.
EXCELLENT Video. Thank You So Much For The Information. Most Of It I Knew & Had Taken Care Of! The Access To Account Section I Had Not Considered! Most Helpful. Thanks, Once Again.🌹
Glad it helped!
Amazing and very informative video. Thank you so much for sharing.
You are so welcome!
I went back and check my interest rate in my bank. It is 2.25 APY. I haven't been paying attention to the rate increase at all.
thank you
Thank you for the valuable information.
Excellent video! About to make a long-term move and definitely still have a few things to think through. Although this was more to the US audience, I still found many good ideas to research further.
Thank you so much! This was so informative!!!
You are so welcome!
Great video ❤
Glad you liked it!!
Adalia, this information was so very valuable, thank you so much.
You are so welcome!
Great video! I learned a lot here
Glad it was helpful!
"Obviously" nothin! You look great, your age does not matter one bit 💜
Solid advice.
Thank you for this phenomenal information. It is so appreciated.
You are so welcome!
Thank you so much Adalia....
You are so welcome
I am sure all of this information is on point because it was stressful to listen too. LOL! Good grief!!!! I mean WOWWW! I think we might simply travel - visit for months at best but not LIVE abroad- cause woah- too much - life is but so long. LOL! Again- great information though.
Thanks for the video!
You're welcome!
Thank you for all that you have shared. I completed the video and I ended up with so much knowledge. This has empowered me.The lessons/insights you have shared with us could be used as a framework to strengthen one financially.Even if one does not move aboard.
Thank you for all of this wonderful information. I was wondering about state taxes and living abroad and this answered it well! Thank you so much!
You are so welcome! I'm glad it was helpful to you.
Thank you Adalia! Amazing information I've learned so much about getting your financial house in order before traveling & moving abroad! I'm going to book a coaching call with you soon!
Thank you so much for this information! Some of these things I would have no way of knowing without your guidance,. Thanks again for another awesome video💜💜💜
Happy to help!
what did you do as far as a US address......
Powerful 💥
Thank you
Great info: QUESTION Regarding freezing credit would you also recommend a credit monitoring agency?
I have a credit monitoring service included with roadside assistance.
If you get it for free I don't see an issue with it
Great content
So good thank you
An absolutely awesome, much needed video . Thank you so very, very much !,,
Glad you enjoyed it!
Thank you for a very informative video.
Tks, these r the questions I had. I do knowing must pay taxes in Amsterdam.
Good advice thanks for telling them that
Ooohhhhh this video is amazing!
thanks!
Awesome info!
Yes, please do a student loan debt video. Thx!
Great info
Thank you so much for this! If you only plan on working in the U.S once a year for 3 months should you still consider moving your Domicile state
What do you think about Greece and taxes?
Thanks!
Thank you for the support!
Regarding the 4th tip, I receive ssdi and retirement. My ssdi is deposited in my debit account issued by social security. My retirement checks are deposited into my bank. Does the 4th tip still apply to my situation?
Have you videos specifically geared toward the disabled? If you don't, could you suggest a YT channel of someone who does?
I actually live in New Mexico...I'm this close! All of these points you've brought up though are a bit overwhelming. I'll have to watch the supplement videos to get a better understanding.
You just need to know how you will access that money. A money management account with Schwab or Fidelity would let you use the ATM with $0 fees. Moving money TO the US can be trickier. Not on RUclips but you should definitely check out Eve Clark @disabled.diva.travels on Instagram or her website disableddivatravels.com/
U are 3 for 3 with me .. get making great videos!!!!
Good info!!!
Thanks!
What banks do not charge the international fees? We use Chase and Wells Fargo. They both charge fees, Wells charges are less than Chase.
Fidelity, Schwab, Capital One
@@AdaliaAborisadeThank you! Are these banks or credit cards? I'm living in Serbia going on 2 plus years. There's times when I need to withdraw large sums for various transactions. I can only take out up to $600/day and I'm racking up fees making multiple trips to the bank. Also Serbian banks hate American banks and the red tape dealing with Americans trying to open accounts.
@@DarleneTaylor-ph5zr Fidelity and Schwab are brokerages and Captial One is a bank
@@AdaliaAborisade thank you so much! I appreciate you and all your post. Stay safe. God bless you!
Excellent information! Thank you!
Hope they listen to you
Columbia a no go as in long term residency due to taxes?
i never moved my money through banking channels, when I lived in China. i was moving chunks too
The link to your 1x1 is no longer working!
Please check and get back to us!
Try this direct link
askadalia.setmore.com/services
Do you have any information about what nurses make ?
For any vocations that have certification, you'll need to sit for & pass their exams before you can work.
testing
If your bank is a international bank; like a Bank of America does it matter, because my account in the USA with them, would be the same bank account in Spain with them right; right?
That has not been the case in my experience, branches in different countries are different entities. Besides you US account is in dollars a local Spanish account would be in Euros unless it is specifically a multi-currency account.
Oh shit fund GO TO THE US EMBASSY