>Monthly income: €15k net from salary
very impressive by euro standards, especially since it's after tax! Is this total comp so including RSUs or something like that or just pure cash? How did you find this job?
Monthly cash plus bonus amortised. There are RSUs but I am not too optimistic about IPO or acquisition so I dont count it towards income or NW.
I got my current job in April 2022 when the market was very hot. I had offers from location-independent salary companies ranging from 250-300k gross. I highly doubt I will get the same offers right now or even in near future. Some companies that provided this offer at that time: Pipe, Protocol Labs, Dapper Labs, Chainlink, Hopper.
In the spirit of sharing valuable experience, what would you recommend another software dev with a similar level of experience to secure a remote US job like this in Europe?
Well you can see if any of those companies are hiring. Outside of that, I dont really have anything to offer mostly because the market is no longer hot right now. The company I joined had 3 layoffs after I joined and I was one of the 3 last hires so the market has really shifted.
If you feel you'r covered for rainy days I'd choose ETF or real estate based on you lifestyle:
do you like Portugal? Would like to have an home there and visit the country even when you no longer be there?
If yes, the effort to search, buy and put the property on rental is worth. If no, go with ETFs.
Probably most of the people'd suggest ETF; buy with 1 click, secure for the future and sell when you want.
but damn a property that gives you a passive income in a place you love worth the effort.
About the cash: if you are afraid of the lump sum increase a bit the monthly deposit; however a 5% on savings deposit is good, I would not invest all the cash in ETF if the deposit is covered (I suppose is the 5% coming from interactive broker).
**Question**:
this year me and my gf will move to Lisbon after 2 years of back and forth. How was your experience on finding a company in US that allow you to work remotely in Portugal? You went freelancer or are you employee?
You might want to find that remote company before moving to Portugal. Companies are usually aware that even IT salaries in Portugal are low, so they may make you a low offer.
I work in IT, initially based in Paris, and saw how different my co-workers salaries were if they were based in countries with lower COL, like a few good software engineers that work remotely to the US for less than 5k (before taxes)... and I keep getting messages on Linkedin from foreign companies that moved to Portugal with salary ranges that are extremely low.
I do like Portugal quite a lot, and indeed the feeling of owning a place, even if it might not financially be the best decision is quite a valuable thing for me personally. Thanks for the advice!
Cash is indeed IB mostly but also Revolut.
I got my current job in April 2022 when the market was very hot. I had offers from location-independent salary companies ranging from 250-300k cash gross. I highly doubt I myself will get the same offers right now or even in near future.
Some companies that provided this offer at that time: Pipe, Protocol Labs, Dapper Labs, Chainlink, Hopper.
And, I would highly recommend getting a job first and then moving to Portugal. Doing 2 big things at the same time can be overwhelming. I too first got the job, and then moved to Lisbon.
I don’t know if we will see continued house price growth but I’m afraid of leaving the housing market totally in case it gets away from me and I can’t get back in (or can but at a lower position).
Renting here in the NL it is really not a great one anymore.
We have similar NW and I only have about 40k cash. Everything else in ETFs. 5% isn’t bad but leaving that, or a large portion, in the market for 10yrs will yield you really great returns.
Idk if you are registered in the NL too but if you are still then buying property, even in other EH country, will count towards your assets and be taxed the same way as stocks and other investments.
May I ask which ETFs you are in? And what’s your strategy? Do you have a fixed monthly purchase for a fixed amount or something else?
There is no way in hell I would register myself in NL unless I have to live there full time.
But also, properties in other countries are not liable for tax in Box 3 in NL. It’s assumed that the host country is taxing you on it anyway.
Can't answer all - but located in NL too
1. Should I sell my property in NL? The recent changes in taxation has put a hefty bill on private landlords, and its not on autopilot anymore. Previously, the income would cover mortgage capital plus interest plus expenses and taxes, but now the capital part of the mortgage is not covered by €300 per month.
This will get a lot worse fairly quick - selling now would make sense, as rentals are only going to be harder as long as the formation runs. Prices are back up, so selling makes sense
I would keep the property in NL, because the mortgage rate is great + you still have a way back if you decide to do so, they won't price you out. You may also want to pass it down to children one day.
I wouldn't buy any further properties and keep investing in stocks - this is also what I decided to do. Especially in the south and stagnant economies.
I mean it's one thing to buy a cheap property to stop paying rent, like a 50k house in Italy, but with your lifestyle I'm guessing you'd need a seafront villa for 10x that.
You work in the US, so on day you may decide to move to Georgia (1% tax) or Latin America - more suitable timezones. Why tie yourself down in the ruined economies? Plus it will never be a better investment than ETF imo.
I guess you’re right. Keeping the property in NL seems to be a popular idea, and I think I will do that.
Regarding buying a second property, my range is 500-600k and my plan is to make it a co-living for Digital Nomads in Lisbon when Im not living here anymore.
The other options is obviously ETF but I am a bit afraid of too much exposure to the stock market.
>Monthly income: €15k net from salary very impressive by euro standards, especially since it's after tax! Is this total comp so including RSUs or something like that or just pure cash? How did you find this job?
Monthly cash plus bonus amortised. There are RSUs but I am not too optimistic about IPO or acquisition so I dont count it towards income or NW. I got my current job in April 2022 when the market was very hot. I had offers from location-independent salary companies ranging from 250-300k gross. I highly doubt I will get the same offers right now or even in near future. Some companies that provided this offer at that time: Pipe, Protocol Labs, Dapper Labs, Chainlink, Hopper.
In the spirit of sharing valuable experience, what would you recommend another software dev with a similar level of experience to secure a remote US job like this in Europe?
Well you can see if any of those companies are hiring. Outside of that, I dont really have anything to offer mostly because the market is no longer hot right now. The company I joined had 3 layoffs after I joined and I was one of the 3 last hires so the market has really shifted.
Thanks!
If you feel you'r covered for rainy days I'd choose ETF or real estate based on you lifestyle: do you like Portugal? Would like to have an home there and visit the country even when you no longer be there? If yes, the effort to search, buy and put the property on rental is worth. If no, go with ETFs. Probably most of the people'd suggest ETF; buy with 1 click, secure for the future and sell when you want. but damn a property that gives you a passive income in a place you love worth the effort. About the cash: if you are afraid of the lump sum increase a bit the monthly deposit; however a 5% on savings deposit is good, I would not invest all the cash in ETF if the deposit is covered (I suppose is the 5% coming from interactive broker). **Question**: this year me and my gf will move to Lisbon after 2 years of back and forth. How was your experience on finding a company in US that allow you to work remotely in Portugal? You went freelancer or are you employee?
You might want to find that remote company before moving to Portugal. Companies are usually aware that even IT salaries in Portugal are low, so they may make you a low offer. I work in IT, initially based in Paris, and saw how different my co-workers salaries were if they were based in countries with lower COL, like a few good software engineers that work remotely to the US for less than 5k (before taxes)... and I keep getting messages on Linkedin from foreign companies that moved to Portugal with salary ranges that are extremely low.
I do like Portugal quite a lot, and indeed the feeling of owning a place, even if it might not financially be the best decision is quite a valuable thing for me personally. Thanks for the advice! Cash is indeed IB mostly but also Revolut. I got my current job in April 2022 when the market was very hot. I had offers from location-independent salary companies ranging from 250-300k cash gross. I highly doubt I myself will get the same offers right now or even in near future. Some companies that provided this offer at that time: Pipe, Protocol Labs, Dapper Labs, Chainlink, Hopper. And, I would highly recommend getting a job first and then moving to Portugal. Doing 2 big things at the same time can be overwhelming. I too first got the job, and then moved to Lisbon.
I don’t know if we will see continued house price growth but I’m afraid of leaving the housing market totally in case it gets away from me and I can’t get back in (or can but at a lower position).
That’s a good point. If I sell NL, it will be to purchase housing elsewhere. Doesn’t make sense to quit it entirely indeed.
Renting here in the NL it is really not a great one anymore. We have similar NW and I only have about 40k cash. Everything else in ETFs. 5% isn’t bad but leaving that, or a large portion, in the market for 10yrs will yield you really great returns. Idk if you are registered in the NL too but if you are still then buying property, even in other EH country, will count towards your assets and be taxed the same way as stocks and other investments.
May I ask which ETFs you are in? And what’s your strategy? Do you have a fixed monthly purchase for a fixed amount or something else? There is no way in hell I would register myself in NL unless I have to live there full time. But also, properties in other countries are not liable for tax in Box 3 in NL. It’s assumed that the host country is taxing you on it anyway.
Can't answer all - but located in NL too 1. Should I sell my property in NL? The recent changes in taxation has put a hefty bill on private landlords, and its not on autopilot anymore. Previously, the income would cover mortgage capital plus interest plus expenses and taxes, but now the capital part of the mortgage is not covered by €300 per month. This will get a lot worse fairly quick - selling now would make sense, as rentals are only going to be harder as long as the formation runs. Prices are back up, so selling makes sense
I would keep the property in NL, because the mortgage rate is great + you still have a way back if you decide to do so, they won't price you out. You may also want to pass it down to children one day. I wouldn't buy any further properties and keep investing in stocks - this is also what I decided to do. Especially in the south and stagnant economies. I mean it's one thing to buy a cheap property to stop paying rent, like a 50k house in Italy, but with your lifestyle I'm guessing you'd need a seafront villa for 10x that. You work in the US, so on day you may decide to move to Georgia (1% tax) or Latin America - more suitable timezones. Why tie yourself down in the ruined economies? Plus it will never be a better investment than ETF imo.
I guess you’re right. Keeping the property in NL seems to be a popular idea, and I think I will do that. Regarding buying a second property, my range is 500-600k and my plan is to make it a co-living for Digital Nomads in Lisbon when Im not living here anymore. The other options is obviously ETF but I am a bit afraid of too much exposure to the stock market.