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Living Abroad Doesn’t Mean Your Finances Need To Be A Mess
February 9th, 2020
I left home more than six years ago.
And in that time, I’ve traveled to—and lived in—some pretty amazing places around the world.
Everywhere I’ve visited has been different in its own way.
But the one thing that’s always given me consistent trouble has been my finances.
I don’t mean I was struggling for cash.
I mean that there were financial barriers that kept getting in my way.
I was somewhere around here when my bank started asking me questions.
Take that time I was in Rome.
My bank back home was suspicious of all my global activity, so they asked me to print out a form from their website, sign it, and…
Fax it back to them.
Then there was that time an ATM in Thailand ate my credit card.
And when I told my card provider what happened, they said I had to visit one of their branches to pick up a new card.
But I wasn’t going to be home for another 8 months…
After talking to hundreds of nomads and travelers about their personal finances, I know these problems aren’t unique to me.
Anyone who lives abroad has their own versions of these stories to tell.
So I’ve decided to do something about it.
Getting into the nitty-gritty details of online banking.
In 2016, two years into my nomadic journey, I set out to find the financial partners that would make my life on the road easier, not harder.
And I’ve spent the past 4 years doing the hard work for you:
- Researching and experimenting with dozens of online banks
- Sending money between countless currencies around the globe
- Testing out the world’s most popular travel medical insurance plans
- And much, much more.
You might think that the answers to these questions are country-specific.
But in reality, they work for travelers from almost any country in the world.
Here’s what’s changed for me since I made these small changes to my financial setup:
- I save at least $300 per year in ATM withdrawal fees and foreign transaction fees
- My travel medical insurance costs half of what it used to, and gives me significantly better coverage
- The frustration and agony my finances used to cause me is now completely gone
If you’re tired of the same, unhelpful advice and want to know how the savviest digital nomads and long-term travelers set themselves up for financial success, join our 5 Days to Financial Freedom newsletter today.
Warning: If you’re skeptical, good! That’s the right mindset to have. Just don’t let your skepticism interfere with you getting the information you deserve. You owe it to yourself—and your wallet—to give this stuff a chance.
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American Military Officer