Hi, I’ve been traveling for about 15 years.
You can access quality housing, food security, health care, education, transportation and other basic civil amenities abroad that may be otherwise unaffordable or inaccessible to you.
If you have a remote job that pays over $500 USD a month, there are over a hundred countries you can be living in. If you make over $1000 USD a month remotely, the world is wide open.
If you don’t have a remote job yet, teaching English on or offline pays $1600-10,000 a month.
You can use the extra time and money to figure out how to get closer to your dream job, dream country or chill out and watch movies or play video games all day.
Stay out of the US 11 out of 12 months(calendar year, not tax year) and you don’t pay federal income tax on your first ~$126,500 USD that year.
Ask questions here and feel free to post in the community.
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This is sourced, publicly available information I hope can help some people.
China is the easiest place to start teaching for $10,000/month.
I recently posted some job listings in Beijing offering 400 RMB/hr teaching English. That’s ~$57 USD. Here’s one from today.
57x40 hours per week = 2280
2280 x 4 weeks = 9120
If you live outside of the US for 330+ days a year, you don’t pay income tax on that money, either.
Don’t forget to pay your SE taxes though!
Good point, the feie is for earned income, so if you are self-employed or make royalties/dividends/capital gains, you’ll still pay income tax.
All of those taxes can be completely offset for US taxpayers by the savings on their cost of living, of course.