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Started By
Message
Foreign/ Offshore Banks:
Posted on 11/4/19 at 10:10 am
Posted on 11/4/19 at 10:10 am
I know this isn’t the political board but I see where 1 democratic presidential candidate is not only talking about hammering the rich with absurd taxes but also going after foreign/ offshore $ folks may be holding offshore/ internationally.
What are these socialists considering rich/ wealthy? Where is the line drawn?
I’m in no way super rich but God has been good to my family and I. My grandfather and dad always used to tell me and my brothers that at some point in your adult like take some earnings and put a little nest egg away offshore. Not saying I have anything like that but if someone did wool they be looking into your offshore shite even tho the amount is small compared to most?
I’m 36, no kids and not married at the moment. Lost wife 6 years ago. I’ve been audited 3 times beginning in 09’ and the last being In 13’ and have came out clean everytime.
Being that I have no kids or wife I have been able to buy a good bit of property over the last few years as investments to go along with what I’ve had in the market going back 11 years. I really like buying these tracts of land because my brothers and I do a lot of hunting and these are pre properties we lease to farmers spring to fall.
I’ve been burning a lot of $ on unnecessary shite lately because I feel subconsciously I’m well enough invested and secure to be good if something ever happened but I know anything could go wrong anytime.
I was wondering if you guys have any recommendations on what to do with money that I’m foolishly spending?
Sorry for the long, scatter brained post. It’s been crazy professionally lately. Burned out.
What are these socialists considering rich/ wealthy? Where is the line drawn?
I’m in no way super rich but God has been good to my family and I. My grandfather and dad always used to tell me and my brothers that at some point in your adult like take some earnings and put a little nest egg away offshore. Not saying I have anything like that but if someone did wool they be looking into your offshore shite even tho the amount is small compared to most?
I’m 36, no kids and not married at the moment. Lost wife 6 years ago. I’ve been audited 3 times beginning in 09’ and the last being In 13’ and have came out clean everytime.
Being that I have no kids or wife I have been able to buy a good bit of property over the last few years as investments to go along with what I’ve had in the market going back 11 years. I really like buying these tracts of land because my brothers and I do a lot of hunting and these are pre properties we lease to farmers spring to fall.
I’ve been burning a lot of $ on unnecessary shite lately because I feel subconsciously I’m well enough invested and secure to be good if something ever happened but I know anything could go wrong anytime.
I was wondering if you guys have any recommendations on what to do with money that I’m foolishly spending?
Sorry for the long, scatter brained post. It’s been crazy professionally lately. Burned out.
2
Posted on 11/4/19 at 3:51 pm to Four Leaf Tayback
who did you did piss off to get yourself audited 3x in 5 years?
and....
yes.
it is difficult for an american to even (legally) open a bank account overseas without permanent residency there.
the "legal" anonymous bank thing..does exists. but to make up for the yearly fees (of a foreign llc/corp for example)...your nest egg should be in the 8 figures, imo.
however, depending on your comfort with risk...there is always opportunity in real estate...somewhere.
for example..
chile is lovely this time of year...
if you arent scared off by the potential of a popular revolution ushering the commies into power... now might be the best time in a generation to pick of a nice parcel with water rights.
just saying.
and....
yes.
it is difficult for an american to even (legally) open a bank account overseas without permanent residency there.
the "legal" anonymous bank thing..does exists. but to make up for the yearly fees (of a foreign llc/corp for example)...your nest egg should be in the 8 figures, imo.
however, depending on your comfort with risk...there is always opportunity in real estate...somewhere.
for example..
chile is lovely this time of year...
if you arent scared off by the potential of a popular revolution ushering the commies into power... now might be the best time in a generation to pick of a nice parcel with water rights.
just saying.
Posted on 11/4/19 at 4:26 pm to Four Leaf Tayback
Seriously, audited 3X in 5 years? Someone with your same name must be shady as hell.
Quit worrying about the possible money grab by the socialists and needing to move money offshore. If dad and grandpa mentioned it but didn't or couldn't actually explain how and why, then you really don't have enough money to bother with offshore accounts.
You mention burnout, your late wife, and your relatively young age & no kids. You need to find purpose and meaning....as you're now discovering, spending money on unnecessary crap doesn't bring you health or happiness.
Find a cause: someone, somewhere could really use your help. Maybe it's down the block, or halfway around the world. Find a kid to mentor, see if the local Boys/Girls club needs adults to work with kids, join the Rotary Club & help wipe out polio. Start making contributions to a scholarship fund at your old college or high school...maybe there's a struggling single parent you know who could use a hand up, whether that's taking a kid to a sporting event, some lawncare, help w/car repairs, etc.
Ever thought about being a foster dad? Literally thousands of kids in Louisiana languish in terrible settings & could use a caring foster parent. Some need short term placements, others need real, long term care. Also, kids age out of foster care and often have very limited resources after 18. No family to help them get a start in life, no guiding hand to help them through the mistakes of early adulthood.
Or get involved in conservation projects: plant trees, buy crucial parcels of land and put them into permanent conservation easements or donate to the Nature Conservancy. Find a way to improve the environment in your community, or for the species you like to hunt.
In short: start living for others, not just yourself. Non sibi sed suis.
Quit worrying about the possible money grab by the socialists and needing to move money offshore. If dad and grandpa mentioned it but didn't or couldn't actually explain how and why, then you really don't have enough money to bother with offshore accounts.
You mention burnout, your late wife, and your relatively young age & no kids. You need to find purpose and meaning....as you're now discovering, spending money on unnecessary crap doesn't bring you health or happiness.
Find a cause: someone, somewhere could really use your help. Maybe it's down the block, or halfway around the world. Find a kid to mentor, see if the local Boys/Girls club needs adults to work with kids, join the Rotary Club & help wipe out polio. Start making contributions to a scholarship fund at your old college or high school...maybe there's a struggling single parent you know who could use a hand up, whether that's taking a kid to a sporting event, some lawncare, help w/car repairs, etc.
Ever thought about being a foster dad? Literally thousands of kids in Louisiana languish in terrible settings & could use a caring foster parent. Some need short term placements, others need real, long term care. Also, kids age out of foster care and often have very limited resources after 18. No family to help them get a start in life, no guiding hand to help them through the mistakes of early adulthood.
Or get involved in conservation projects: plant trees, buy crucial parcels of land and put them into permanent conservation easements or donate to the Nature Conservancy. Find a way to improve the environment in your community, or for the species you like to hunt.
In short: start living for others, not just yourself. Non sibi sed suis.
Posted on 11/4/19 at 9:11 pm to hungryone
quote:
hungryone
Appreciate the responses. I’m just now seeing them because shite hit that fan at work and I’ve been putting fires out the last 30 hours.
Your post really hit me and put things in perspective. Sometimes I get on a roll where I can’t think straight.
Your point about living for others instead of myself is something I needed to hear. I’m not depressed but things have been so crazy since losing my wife that I literally can’t remember much these past 6 years other than work. I guess my way of coping was working at a breakneck pace taking very little time to spend with brothers, nieces, nephews and mom. I hunt and fish but not nearly as much as I used to, especially fishing.
Professionally working at this breakneck pace has paid huge dividends and I’ve moved up the corporate ladder with haste but all of it means nothing if I work myself into a coma and don’t enjoy life.
I sincerely appreciate what you posted.
Posted on 11/5/19 at 8:26 am to Four Leaf Tayback
You’re welcome. Middle age perspective, having buried elders, watched friends and family go through divorce, deaths, and health crises.....your time here is short. Hiding from the world at work May yield a big stack of money, but a big stack of money is not a substitute for meaning and purpose.
Make a list of things you love to do: post it on the fridge or your phone or your bathroom mirror. Try to make concrete plans to do those things more often. Find joy or at least some happiness by doing the things you like most.
Make a list of things you want to learn, and places you want to go/see. Try to have a short term “wanna do”’and a long term one. Figure out how to make those lists happen; open your heart and mind to new experiences. Make room for people in your life, not just stuff. Look up your old friends; find some new ones too.
Make a list of things you love to do: post it on the fridge or your phone or your bathroom mirror. Try to make concrete plans to do those things more often. Find joy or at least some happiness by doing the things you like most.
Make a list of things you want to learn, and places you want to go/see. Try to have a short term “wanna do”’and a long term one. Figure out how to make those lists happen; open your heart and mind to new experiences. Make room for people in your life, not just stuff. Look up your old friends; find some new ones too.
Posted on 11/5/19 at 5:34 pm to hungryone
Thanks again “hungryone”.
Posted on 11/5/19 at 7:53 pm to Four Leaf Tayback
Reading all that really warmed my heart. If you’re close to Lafayette, would love
To do lunch if you just want to talk it through. Hungry one hit the nail on the head though.
To do lunch if you just want to talk it through. Hungry one hit the nail on the head though.
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