Receiving "some" of your money

[marly]

Let's say you've spent a lot of time online and you've built a serious bank...

Your goal is to "save up" the money until it's a shitload before revealing it to the government for taxes. So before they start banging on your doors, taking all your priviliges of being poorer, you want to stay poor, or live poor rather, saving on the back ground until you have that much you won't ever need the priviliges again.

Probably enough to spent a lifetime.

But it is still real nice to enjoy at least "some" of your savings without the gov leering at it.

So the subjects:

- saving on the background until u have enough to reveal.
- getting some of it monthly without having to really cash it to your bank account because they would start asking too many questions.

Are there people with opinions/advice regarding these subjects?

Thanks!

 

[jazzc]

After you reach a threshold of income, it makes perfect financial sense to pay good money to market-smart professionals who will optimize the shit out of your tax losses. Before that, does it even matter?

 

[marly]

It really does in my case lets just leave it at that.

 

[shiboshy]

Let's say you've spent a lot of time online and you've built a serious bank...

Your goal is to "save up" the money until it's a shitload before revealing it to the government for taxes. So before they start banging on your doors, taking all your priviliges of being poorer, you want to stay poor, or live poor rather, saving on the back ground until you have that much you won't ever need the priviliges again.

Probably enough to spent a lifetime.

But it is still real nice to enjoy at least "some" of your savings without the gov leering at it.

So the subjects:

- saving on the background until u have enough to reveal.
- getting some of it monthly without having to really cash it to your bank account because they would start asking too many questions.

Are there people with opinions/advice regarding these subjects?

Thanks!

There was a guide here that i read couple a months ago on how to travel and declare that money as business expenses instead of paying taxes, maybe @jazzc can help you find it, the idea behind it was to also collect rewards on credit card and start a travel blog, that will even earn you more. I was pretty amazed.

 

[marly]

Better explanation:

I am not allowed to earn extra cash in my current situation, a situation I would lose if I do. So if I do, I want it to be for enough money to be able to rely on.

It is however not that nice to literally be unable to receive any of the money and have some fun or go out or buy a new piece of furniture or whatever. So I want to find a way to receive something without it being traceable to me.

There was a guide here that i read couple a months ago on how to travel and declare that money as business income instead of paying taxes, maybe @jazzc can help you find it, the idea behind it was to also collect rewards on credit card and start a travel blog, that will even earn you more. I was pretty amazed.

Good tip

 

[Peter Samaki]

Since you make your money online, maybe it is better to relocate.. In my case I live in The Philippines and I am a digital nomad.. Best of luck.

 

[Heiko]

There was a guide here that i read couple a months ago on how to travel and declare that money as business expenses instead of paying taxes, maybe @jazzc can help you find it, the idea behind it was to also collect rewards on credit card and start a travel blog, that will even earn you more. I was pretty amazed.

It was a guide written by @Sherb but it is in the JR VIP section and we are not allowed to share the links on the official forums unfortunately.

 

[shiboshy]

It was a guide written by @Sherb but it is in the JR VIP section and we are not allowed to share the links on the official forums unfortunately.

Another good reason for OP to upgrade instead paying taxes that can be legally avoided.