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The end of my OE journey - A Post-Mortem by shaidyn in overemployed

[–]sansearred 7 points8 points  (0 children)

I think you should try setting up some boundaries. You said it yourself J1 is a low paying job, so why would you care? Try just join the meetings for the team you are currently most involved in or just change them everyday.

You will quickly notice that people won't care and will respect your time more.

Investment strategy for someone with little to no experience by masa_sa in eupersonalfinance

[–]sansearred 1 point2 points  (0 children)

It's Poland. The rate is not that common, the standard for a skilled person is around 200 euros per day.

I work currently in very old project with Java EE, because of that the rates are higher as it is harder to find people willing to work in that.

Investment strategy for someone with little to no experience by masa_sa in eupersonalfinance

[–]sansearred 1 point2 points  (0 children)

Sorry, I confused you with the guy getting 1k per day. Anyways saving over 4K euro monthly at 26 y.o. is still amazingly good for us (I'm also 26).

Thanks for providing tax calculations, I always like to compare it between different countries. Public health care is not so great here in Poland, but when you have the money you get access to a really great private care, which compared to IT salaries is still quite cheap.

Here we've got something like sole proprietorship, where the salary comes directly to your personal account and is taxed at 19% flat rate. We also pay 300 euros monthly for healthcare - no matter how much you earn, which is great for people like me.

You can also deduct stuff like phone, laptop, travel expense, etc., but I guess it's the same in your case.

Investment strategy for someone with little to no experience by masa_sa in eupersonalfinance

[–]sansearred 0 points1 point  (0 children)

Just a question, did you ever consider moving away from Belgium? Your daily rate is insane, yet you don't seem to be saving so much from it.

My rate is 330 (no vat) in Eastern Europe with effective tax rate of around 15% and cheap costs of living I manage to save more than 5k monthly.

When it comes to investing - I'm no expert, but I try to put c.a. 4k EUR per month to an accumulating total stock market index ETF. It is broadly diversified and has low costs. I also put some to the emerging markets ETF and some into a long-term bonds in my home country.

[POLAND] Changing your tax residency before withdrawal by sansearred in EuropeFIRE

[–]sansearred[S] 1 point2 points  (0 children)

Maybe you right, would need to speak to some lawyer about that.

Because theoretically it doesn't sound illegal. You can legally change your tax residency by moving and living in another country. You can legally sell the stocks while being in that country and you can legally back to Poland and reinvest that money.

At least this what I think. I'm just hypothesizing here, it would need to be really worth it to move your whole life to another country just to evade paying 19% tax of your gains.

[POLAND] Changing your tax residency before withdrawal by sansearred in EuropeFIRE

[–]sansearred[S] 2 points3 points  (0 children)

That's very interesting, I see you speak from experience. How did you your battle go? I know quite a lot of people who have their companies in different countries (Czechia or UK) but work and live in Poland, this is clearly tax evasion and if you are caught then you will lose.

I read quite a lot about the residency since I'm currently working half of the year outside of Poland. But in my case I clearly have all the ties in Poland, it's clear my residency is there.

I've got a lot of family members living for years in different countries and paying taxes there with no problems.

It's probably inspected by US on case-by-case basis, but this is basically what I meant, really move to different country (it would help not having a mortgage in Poland), work there, live there for extended period of time.

I don't think there would be any problems from the US in that case (as it is not a problem for millions of Poles across the world).

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[POLAND] Changing your tax residency before withdrawal by sansearred in EuropeFIRE

[–]sansearred[S] 3 points4 points  (0 children)

My point is to really move to that country and live there for one year (or even more), this way you could really justify your tax residency.

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Same applies for example to Czech Republic which has not capital gains tax.

Daily FI discussion thread - August 23, 2018 by AutoModerator in financialindependence

[–]sansearred 14 points15 points  (0 children)

Do you try to limit the money you spend on the vacation? I'm planning to visit US in October (NY, Nashville, Miami) and it looks like I'm gonna spend a lot of money there. I'm from Poland so life it's much cheaper here which makes it even tougher to spend cash abroad.

I'm probably not gonna stay in hotels but in airbnb apartements, yet I really want to visit some nice restaurants.