DonFrancisco
Your Favorite Tio!
It's dobable but the best way to make money without paying hella taxes is to invest saved bread in the states into grown Mutural funds and flip the money by reinvesting it into more funds.
If you don't take the profits by selling then technically made more money and you don't have to pay
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That's the way to grind to a million while living overseas.
This is true. While in Panama I sold 2 positions I was in just for extra money and the dividends go farther when your bill for groceries is $55 for 7-8 days.
Since I was in a lower cost country and renting my condo out for dirt cheap I was able to buy more positions in stocks I had without having to really cut expenses.
I kinda disagree with you being food overseas, a lot of foreigners do make in Panama. Anywhere you do business you will meet resistance even violent resistance. In Houston I was in a start up for a mobile tire shop. We did well very quickly and started to get threatening calls, people moving against us, Harris Sherriffs County Department taking our inventory, having to get a lawyer to get our shipment back (they wanted a below table payment), and a rival owner waiting outside out warehouse with a crowbar. I could only take 1 year of it and just left (lost my seed money).
In general as an outsider you need to make alliances quick and pay people on the low. I also made this mistake again in a rural Texas town. I moved against a group of doctors that were cheating the Medicare system by never seeing nursing home patients and taking documentation. It was pretty egregious and Healthcare it is a under the table understanding that if I give you patients you gotta push our services in the community over our competitors. Since they were forging signatures and not keeping the end of their deal I secretly replaced them. This causes them to go to corporate and get me fired in the spot by lying and making up stories. Again no matter where always make alliances. This applies in the US aswell
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