So you earned some money, you withdrew your money, now where do you put your money?

[Scanman]

After reading this forum closely for a few weeks, the recurring advice is to have your money land in EMIs and withdraw those funds from there. Whether those accounts are owned by offshore entities, or even by fictitious identities, getting your money from the customer to you is well covered here.

What I'm finding a real lack of though, is where the funds should or can go from there.

An EMI is clearly not a place you stash 6 figures until retirement, or buy a house or new car with. Withdrawing funds to an onshore account is going to mean paying taxes on it, withdrawing cold hard cash is great, but good luck spending large amounts on any sort of asset without questions.

So where typically do you stick your hard earned money for the long term?

 

[franzel]

Just to understand you right.. you´re asking for a way to spend money without paying taxes? 😉

I mean there are only a few options at least in my case:
1. Exchange the money to a cryptocurrency (btc/eth)
2. Transfer the money and pay taxes (which is to a certain limit fine with me)
3. Buy gold or other assets
4. Get a bit of the funds in cash and use them (in Europe not a big deal)

If you can make up your "own" mix, it would be the best solution, since there is no real way how to handle the money on an EMI.

 

[andynowhere]

I would wonder if I earn money from my business, pay local tax. I have a good opportunities to invest with good return eg. real estate, why I am not paying it.