Can Americans Really Afford Spain (the financial truth)

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Being an American living in Spain, or anywhere abroad for that matter, introduces a whole new layer to your tax obligations. This complexity is often overlooked or under-appreciated, leading many to a financial shock. This video aims to make transparent these hidden costs and intricacies, painting a realistic picture of the Spanish taxation system and its impact on American residents. We expose how even after paying taxes in Spain, U.S. citizens can still find themselves liable for U.S. taxes, a phenomenon known as dual-taxation.
But there's more to this story than just the tax burden. Even though the financial obligations may seem heavy, it's crucial to understand where these tax dollars are going. Spain's high tax rates finance robust public services, including an excellent healthcare system and high-quality education. This is where the seeming financial challenge translates into tangible lifestyle benefits.The high tax rate (sometimes up to 47%) is a trade-off, a cost willingly paid by many for access to these top-tier public services.
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#taxesSpain #leavingamerica #FromUSAtoSpain
Time Stamps:
0:00 - Notorious individuals evading taxes
1:11 - I want to talk about something important!
2:07 - Deep dive into Spanish taxation for American citizens
3:31 - Worldwide tax United States and Eritrea
5:01 - Wealth tax and new tax on properties
6:37 - Taxation on traditional investments
8:00 - Tax deductions and families with kids in Spain
9:45 - General advice on taxation for people considering moving to Spain
10:41 - Tax Penalties?
13:18 - Ease Spanish Taxes

[@donkeykong913]

I'm not sure Antoanetta grasped the full implications of the tax system in Spain as compared to that in the US. I pay about 34% Federal tax, Social Security tax (all of it- I'm "self-employed.") plus a State Tax, Professional License fees, continuing education fees that are required yearly, property tax of over $15,000, a sales tax of 8%, automobile license fees, health insurance, and on and on. Wealthy people pay a LOT of taxes. The only wealthy ones who don't are VERY wealthy and can structure holdings to be exempt from taxes by generating a "loss" or by holding offshore accounts or donating to the right congressperson for favors. Remember- free Healthcare, great public transportation, good schools, lower-cost airfare, better food and little to no gun violence. I am planning a move to Spain for exactly those reasons, even if I pay the same in taxes!

[@kevinmalone3210]

Whenever you hear, free Healthcare, free food assistance, free government subsidized education, it's not free. Someone, somewhere down the line is always going to have to pay for these free programs, whether in higher taxes on the general public, and higher taxes on the wealthy, more taxes for public services, etc. Is there good food, in the US? Yes. Are there nice safe areas to live in in the US? Yes. Are there alot of things do, and alot of things to see? Yes. Spain isn't a better nation to live in than the US. The woman who makes these videos is ethnocentric, for Spain. Are there advantages to living in Spain, over the US? I think there is. Are there advantages to living in the US, over Spain. Absolutely.

[@timschmitt7550]

Taxes are still higher in Spain. Note there is also a VAT of 21% in Spain, which makes products more expensive. (Just compare Iphone prices in Spain and USA) By the way, the reasons you give why you want to move to Spain apply to any European country. Except I don't know what you mean with low cost airfare. You mean the subsidies for the island residents? Otherwise the airfare price is set by the market price and I doubt it is cheaper than in the USA.

[@LocoCocoJorge]

@@kevinmalone3210 Yes, she's 100% ethnocentric. She keeps saying she's an American who moved to Spain, but her English sounds like she's a naturalized US citizen, who is originally from one of the Latin countries. Spain, Italy, Portugal are very poor countries compared to the US or their Northern European counterparts. Their economies have been stagnating for a while, and they are heavily reliant on tourism and foreign investment. That's why they want Americans to come and pay all those fees and taxes, not because they are so welcoming. You don't hear this KZbinr praising Germany, but that's the powerhouse that's pulling all these "Southerners" by the ears...

@@LocoCocoJorge She's originally from Romania.

[@billlynn8256]

I have wondered if she is even paying taxes in Spain?? She apparently owns a business and a good video would be about how she handles the tax situation.

[@salozinp]

In Spain, and Europe in general, taxes are paid that are used in public services. In the USA, the public does not exist, that is why there is a shock.

[@hansonel]

True. In the US taxes are lower.... and most of them go to the "national defense" (aka the military).But they go back to benefit the public in terms of infastructure, healthcare, etc... Not just the army like in America. And housing isn't seen as investments unlike the US also.

[@timschmitt7550]

Who pays for high schools, police, streets etc in the US?

[@Ana-Maria-Sierra]

@@timschmitt7550Generally, this is covered largely by state and local taxes.

[@smokescreen2146]

No Russian energy is going to make things worse for Europe.

[@hamidlmaalem441]

Still called TAXES, doesn’t matter local, state or federal

[@kararkhan8720]

Here is game plan, 3 months in Spain then leave the EU go to Turkiea for 3 months another relatively cheap and very beautiful country then come back to Spain for another 3 months. The next year try something like between Spain and Morocco. the point is to stay mobile and explore more of the world while avoiding being in messy tax situation and you can still make Spain a scond home and base in Europe.

[@solveigsolveig2249]

Tax avoiders aren't welcome in Spain, doubly so if they are unwelcome expats.

[@octavisoler]

No todo es tan guay en el fenómeno de expats viniendo a Valencia para los que vivimos aquí. Uno de ellos es como se está disparando el precio de la vivienda. Yo estoy buscando un piso para un familiar y los agentes inmobiliarios me dicen que la mayor parte de las ventas las están haciendo a extranjeros, incluyendo con fines de inversión. Los precios estan subiendo espectacularmente especialmente en Ruzafa, Cabañal, etc. pero también nuevas zonas como Monteolivete. Y cuanto más se habla de Valencia más suben. Un amigo canadiense que le encanta Valencia está pensando en comprar una casa aquí. Me dice que Valencia es una ciudad relativamente desconocida aún, comparada con Madrid o Barcelona y que la oportunidad de negocio es muy grande. Obviamente, para un norteamericano esto puede parecer, y de hecho lo es, Jauja. Una pareja jubilada de Boston con un visado no lucrativo que se haya trasladado a vivir a Valencia pueden alucinar con los precios y condiciones de la sanidad privada comparada con la de USA, de donde proceden. Creo que un seguro estandard de Sanitas puede ser hasta cinco veces más barato. Estamos hablando de sanidad privada, pero el efecto de arrastre de precios acaba repercutiendo en la sanidad pública también. Para alguien qe trabaje online, es el chollo del siglo. Sueldo norteamericano con gastos españoles. No tenemos mas que imaginar si Marruecos tuviera un buen sistema de salud y condiciones homologables a la Unión Europea pero mantuviera los precios en su nivel actual, menos de la mitad que en España, lo que ocurriría. Muchos españoles con posibles tendrían una casa en Chaouen o Agadir como no podrían ni soñar en tener en la costa de Andalucía. Como para protestar porque te hagan pagar un 3,5% de impuestos encima. Mantener esas calles que tanto les gustan a los expats limpias cuesta dinero. Las carreteras por donde circulan también. La mayor parte de las atracciones y monumentos que visitan tienen precios bajos comparados con el esfuerzo que supone mantenerlos en pie. Si los precios de las entradas a los museos fueran reales nadie entraría, porque serían prohibitivos. Y así sucesivamente.

[@alarico4040]

Totalmente cierto. Pero el egoísmo, y la ignorancia, no les permite entender... aunque se niegan a admitirlo.

[@octavisoler]

Translation: Not everything is as cool in the expat phenomenon coming to Valencia for those of us who live here. One of them is how housing prices are skyrocketing. I'm looking for an apartment for a family member, and real estate agents tell me that most of the sales are being made to foreigners, including for investment purposes. Prices are rising dramatically, especially in Ruzafa, Cabañal, etc., but also in new areas like Monteolivete. And the more Valencia is talked about, the higher they go. A Canadian friend who loves Valencia is thinking of buying a house here. He tells me that Valencia is still a relatively unknown city compared to Madrid or Barcelona, and that the business opportunity is huge. Obviously, for an American, this can seem, and it is, like a paradise. A retired couple from Boston with a non-lucrative visa who has moved to live in Valencia can be amazed by the prices and conditions of private healthcare compared to those in the USA, where they come from. I think a standard insurance with Sanitas can be up to five times cheaper. We're talking about private healthcare, but the price ripple effect eventually affects public healthcare as well. For someone who works online, it's the deal of the century. American salary with Spanish expenses. We only need to imagine what would happen if Morocco had a good healthcare system and comparable conditions to the European Union but maintained prices at their current level, less than half of those in Spain. Many well-off Spaniards would have a house in Chaouen or Agadir that they couldn't even dream of having on the Andalusian coast. It's as if they complain about having to pay an additional 3.5% in taxes. Maintaining those streets that expats love so much costs money. The roads they travel on also do. Most of the attractions and monuments they visit have low prices compared to the effort it takes to keep them standing. If museum ticket prices were realistic, nobody would enter because they would be prohibitive. And so on and so forth.

[@Lacteagalaxia]

Muy facil poner visados incluso en turismo y en todos los ambitos a Estadounidenses hay en proporcion ya el doble de americanos aqui que de Españoles alli y por supuesto quitar las chorradas de los nomadas digitales ; visas oro y demas.. por que muchos Americanos hacen lo de otros paises " mas desfavorecidos" vienen como turisas por 3 meses y ya se quedan eso da igual que sean " del 1 mundo".

[@franciscojavierhidalgoarra2620]

Hay los millonarios es que nadie piensa en los millonarios, pobrecitos sufren mucho

[@alegp97]

​@@franciscojavierhidalgoarra2620 depende de muchas cosas, a caso prefieres que paguen impuestos en otro sitio?

[@mikesossamon318]

Please be cautious using only the 183 day test. There's several other tests countries can choose to use to put you in their tax net.

[@mikesossamon318]

@@KaiSellgren Doing work while you’re there. Running a business from Spain even for 3-4 weeks may pull your entire company into the tax system. There’s a famous case where a company IPOd and the CEO was on the BBC bragging about enjoying Spain while the company went public and Spain went after the entire company for tax. There was a case when a digital nomad working for a US company fell down a flight of stairs in Spain. He sued the company for medical expenses and Spain went after the company for taxes when they found out their 1099 contractor was considered an employee by Spain laws. A high ticket salesman bragged on Twitter that he closed a multimillion dollar sale while he was on vacation in Spain. Well Spain went after him for taxes. Not one of these cases the people were there for 183 plus days. In fact some were there for a few weeks or less. Spain is not the only country doing this and they’re by far not the most aggressive. People are often not aware of what brings you into a country’s tax net, 183 days is just 1 of the tests used. With more digital nomads these cases will happen more frequently.

[@marcind4644]

This can't be repeated enough. Center of personal interests is the most important rule, a vague rule at the same time.

[@shaned7545]

@@mikesossamon318 Residents (183 days) & non-residents (less than 183 days) are both taxed as long as you stay in Spain. The only difference is that only residents are taxed for their worldwide income if I'm not mistaken.

[@mikesossamon318]

@@shaned7545definitely not true, there’s countless accounts of Spain taxing worldwide income for non residents. If you’re in Spain earning income 1 day or 184 days they may tax your worldwide earned or non earned income.

[@dpledoone]

I have been following all your terrific videos, but I believe that this one killed my dreams of living in 🇪🇸. Thank you for the insight.

[@raidensergi2378]

In Spain, conservatives wants to reduce taxes while socialists wants to increase It.

[@txusicB]

then we are better off without you... the worst comes to the worst.. and you get sick here, we will probably treat you nearly for free, the best we can, without asling you for your credit card... and afterwards, you will still be a selfish c***

[@antonioprintsl689]

The streets are clean, the public transport (train, bus, metro) is nice, the highway is free and well maintained, the private health care is cheaper because is backed by the national healthcare system, the streets are secure, the basic education is a right and for free, the fiesta and culture in general are paid by the city, free. ¿"Free"? Nothing is for free. If you are not a tourist and you have income and properties you pay (500€ /yr for my 120K€ property) and if you work here you pay a lot. For my 35K€/yr income I pay 8,5K€ in income tax and SS and my employer pays about 7K€ for SS. SS is Seguridad Social and is for my retirement and unemployment benefits. I have to produce at least 35K€ + 7K€ and receive 26.5K€. Then I go shopping and I have a VAT of 21% over almost everything. The taxes are about 55% of all that you produce as a worker. Probably is 15% of your income if you only are retired here (plus the VAT). It could be a good deal or not, you have to weight the pros and the cons. This is not the paradise, It's just another socialist (we say social-democrat) european country.

[@malcolmrose3361]

Perhaps you should do some proper research before letting your dream die. They mentioned national taxes like income tax and wealth tax but failed to mention how low other taxes and costs are. I live in a 2,000 square feet property in Malaga province that cost about €300K six years ago - my property taxes are €240 per annum. My water bill is €33 every other month. Cars are taxed by size of engine here - my 1.5 litre hybrid is €47 per annum (gas is about €5.75 per US gallon). My private health insurance is about €1200 per annum. My Spanish accountant costs about €500 per annum. VAT is 21% but that is pretty much true across all of Europe (coming from the UK I was appalled that the Spanish levy VAT on books and newspapers, and food - in the UK all of those are exempt). I can eat out and have a basic meal (pizza and a beer) for less than €15, if I want steak with wine etc perhaps €70. A weeks groceries are probably €100-125. You can travel the country cheaply by high speed train, there are good connections to the rest of Europe by cheap flights. If you want to come to Spain and live an expensive, flash the cash lifestyle then you'll need a big income and be willing to pay the taxes on that income - but don't forget that any US taxes can be offset against your Spanish tax bill - so the question becomes are you willing to pay any additional Spanish tax? I'm kind of guessing but I assume that most of the people who watch these videos are part of the 9% in the US. You see articles that say the top 1% of wealthy Americans own as much as the "bottom 90%" - but that leaves 9% who are doing okay, who would probably say they are middle class, and whose net worth is probably a million or two in dollar terms - and those people don't really have much to fear from the Hacienda. Of course you don't want to be Shakira - don't buy a house in the Bahamas that you never actually set foot in so you can get a slip that says you are "tax resident" there. Then move in with your boyfriend in Barcelona and live the high life, being photographed in local restaurants, having your hair done and mentioning it on Facebook, doing Tik Tok recordings in Spain and so on. And then complain when a young employee at the tax office starts tracking your online footprint and documents that you were in the country for more than 183 days a year between 2012 and 2014 - and are therefore liable to Spanish taxes....

[@MochaManSpirit]

Great piece of advice I heard recently was hire a TAX LAWYER in the country you’re planning to move to, not just someone who prepares taxes. Not all preparers keep up or can fully explain certain tax laws/codes where a lawyer does.

[@millysmindtrip1179]

Very informative Antoanetta! Thx for this video. You always have great and useful content. Great questions too. Keep them coming.

[@thomasmeyer1408]

General elections are coming next July 23rd. Some taxation will be “relaxed” in Spain. Some people remark about choosing retirement in Portugal because of taxes; well, it is a personal decision. But in general, Spain offers massive state-of-the-art infrastructure nationwide, connectivity, the second works longest high-speed network after China, airports, etc. services, Europe's country with the highest penetration of the fastest and most accessible fibre optic services nationwide, … world-class public museums, theatres, auditorium world-class health system (also private), etc.; excellent public universities and schools and business schools, security and stability, environmental protection means also first-class food available at an affordable price. How do people think that all those massive cultural inheritance is also well-secured and maintained and preserved... You pay and enjoy these things with taxes. That's how you can be enjoying life in Malaga at the beach in the morning, take a high speed train to Madrid at noon, and dining and opera/musical at the evening so conveniently, or breakfast and Thyssen Bornemisza museum in Madrid, and late afternoon high speed train and opera/Carmen Thyssen-Bornemisza museum/chilling at a Marina in Malaga. Taxes makes theses things possible. Not just trains, also culture. BTW there are already direct flights from Malaga to New York (Newark) with American Airlines and new USA connections will be available soon from Malaga.

[@juanjuan5658]

Eso de relajar los impuestos es una falacia de la derecha, cuando ellos están los suben más todavía y con menos servicios. Y la gente aplaudiendo con las orejas.

[@sprezzatura8755]

If you're seriously considering a move like this, seek out some professional counselors. It's worth the expense and effort. You want to get it right from the start.

[@rickchandler2570]

I looked at a lot of countries to move to from the US and loved Spain but the tax system ruled it out for me. I ended up deciding on Portugal instead. For many reasons not just taxes but it certainly helped me make the decision on where to live.

[@paulrumohr]

Yup. Portugal FTW on taxes

[@tamaramadelin4831]

Same here! ❤Portugal

[@rickchandler2570]

@@tamaramadelin4831 I’ve seen your name before Tamara! Especially on Expats Everywhere’s channel.

[@lauras8674]

I will be retiring in Portugal instead!

[@lr4187]

What are the main differences in the taxations between the Spain and Portugal?

[@anonymous6594]

This is common practice worldwide. Unless you live in a tax haven or territorial tax country, you will have tax liability if you live in a foreign country more than six months.

[@Garcwyn]

It’s not only in Spain. The vast majority of countries in the world charge you taxes on your worldwide income if you are a resident. The UK for example offers a non-dom status but for a limited amount of time after which you pay taxes on your worldwide income. I’m not sure what is the shocking bit here

[@timschmitt7550]

True, but few countries besides Spain tax your worldwide net wealth.

[@Garcwyn]

@@timschmitt7550taxing wealth is actually more progressive than taxing income. I’m all for taxing wealth and not taxing income. Wealthy people hoards on assets squeezing more and more the middle and lower classes while paying little to no taxes. All legally done btw. Eventually they will own all assets that are worth owning. Basically a Latin-American or south east asia kind of scenario with the brutal inequality that one can find over there. I’m not talking about people with one million plusish in net worth btw. I’m talking about the super rich. This people absolutely need to pay their fair share to society. Wealth tax sounds ugly but actually it will make everyone better off because the pressure to increase income taxes to the middle and lower classes would be greatly reduced. Even the income-dependant upper middle class would benefit. At the moment what we are finding is that the middle classes are carrying the weight of the whole of society with inflation being rampant. The wealthy can shoot off their assets to the Cayman Islands but hey, interestingly they don’t live there. They live in France, Spain, the UK, etc. Spain for example doesn’t necessarily want the super rich. They want a sustainable ecosystem of classes and that run on the assumption that everyone pays their fair share of taxes. Luring the super rich underlies the notion that trickle down economics works and yet it has been proven ad nauseum that it doesn’t work and that it creates more issues that what it solves

[@timschmitt7550]

@@Garcwyn I fully disagree. By the way, if people have income or wealth abroad while living in Spain and they hide it, it is illegal tax fraud which is rightfully punished.

[@mercy1459]

​@@Garcwyn En España eso se llama Fraude Fiscal y está penado con la cárcel por años ,e igual en la UE aunque muchos van de listillos y esconden su riqueza 🤑 después tienen que pagar si o si hacienda.

[@LocoCocoJorge]

Well, if you don't get it, sometimes you might need to re-read and look into the issue further... Prosperity tax is not the same as income tax. You will pay your income tax, your property tax, municipal tax, etc, but then you'll pay additional property tax on your house in Spain, in the US, and wherever else, on your stock portfolio (not capital gains, but just for having one), your yacht, rental property, fancy car, etc... And then you pay it every year as long as you have any of these assets. That's a big deal for me.

[@mojamorales4040]

This was soo informative! It helps me understand what I would getting into. Thank you!!

[@TwinkiesforDinner]

I loved this! Great information 👍

[@seamusp5991]

Great interview. Thank you, gracias!! 😊

[@elenaortiz248]

Please bring more of these videos. Thank you!! 😊

[@RichD2024]

Thank you for the video. Very informative!

[@Miism737-pe2sw]

Very good vedio been waiting for it for a while I will watch it more than once just to have a better idea thanks again for a well done job hello from Florida

[@christinasafady7539]

Interesting video!!

[@albirtarsha5370]

Antoanetta, thank you for this informative video. You do such an excellent job promoting Spain. Sadly, it is almost as difficult to find answers to the questions that are holding us back, as it is difficult to deal with the bureaucracy. Please keep doing these informative videos sometimes!

[@tilitila88]

Excellent information!! Thank you so much!

[@wendymenezes6424]

Wow! Thank you for talking about this topic. It was very informative! Death and taxes, we can’t get away from them.😮

[@user-wl1uq4kf4f]

Very informative. Thank you!

[@ThinkMogulMakeMoney]

Great segment!

[@carefulconsumer8682]

Excellent info, Ant.

[@mikeperotti3398]

Thanks for the video

[@albertodietz5461]

Godfrey Bloom's Nov 2013 at the EuroParliament remains the best ever short video on taxes. A must watch.

[@Trainfeastfast]

There’s a law that excludes you from high Spanish taxes. It’s called the Beckham law. The Beckham law in Spain is a special tax regime that enables foreigners who move to the Spanish territory to pay a flat fee of 24% only on the incomes they obtain in Spain instead of a progressive tax on their worldwide incomes (19-45%). So, basically, this special tax regime for expats make it possible to end up paying much lower taxes, hence being able to save huge amounts of money. It allows all the workers who reside abroad that want to come to work in Spain to pay income and wealth tax as if they were non-residents during the first 6 years. This normative is regulated on section number 93 of the Spanish Income Tax Act and was

[@bigrabbit1967]

But there are limitations. Eg. It only lasts for 6 years, you must be working for a Spanish company, have not lived in Spain for more than x months prior to application etc etc

[@jal051]

Juraría que esa ley la derogaron hace tiempo. Además, que es para gente que está muy forrada.

[@Trainfeastfast]

@@jal051 para mí, seré ciudadano español, y felizmente pagaré mis impuestos sin quejarme porque todavía es mejor que los estados unidos.

[@mercy1459]

​@@Trainfeastfast Además los impuestos que pagas van directamente a sanidad, educación e infraestructura,no como en USA que los impuestos van a Soldados y armas .

[@Trainfeastfast]

@@mercy1459 eso es muy cierto. Pagamos más impuestos en los Estados Unidos, y los ricos no pagan nada. Es por eso que felizmente pagaré mis impuestos aquí en España.

[@leticiacuesta4774]

Muy interesante información. Thanksssss

[@joelpena9422]

Thank for your videos, the world is so small, it was a pleasure to met you guys next to Maria's office today.

[@ANTOANETTA]

Our pleasure!

[@lisasafady3137]

Good information

[@honestman2073]

Great video, thanks for sharing this information,

[@Maurice510]

Great video, thank you. It's not the most pleasant topic but it's really important.

[@lauras8674]

Thank you for the video. Unfortunately I would like to retire in Spain, but since I'm a citizen of the US, I will have to reconsider the move.😢

[@vanik2021]

This video was focused on Valencia... If you want to retire in Spain, check info for Madrid or Andalucía, where you´ll pay less taxes by far. Anyway, all this will change in the whole country if the right wing wins the elections in a couple of months, cause their main goal is to lower taxes for entrepreneurs, expats, etc..

[@mansabrice]

Just limit your stay to less than 6 months a year. Spend the rest in Thailand or something.

[@user-uv2zq9oo9m]

Great videoooooo thank you!

[@bobjohnson7441]

Enjoyed your vid. This is the topic about which I was most interested. Foreign tax credits would play an important part of how it all works out for someone. Doesn't put me off thinking about Spain.

[@danielflynn8118]

I spoke to a tax accountant in the Valencia area from a company called abrea. She told me that if I have a Roth 401k or just a simple investment account, those initial funds would not be taxable in Spain. Only the dividends from that account in the future would be taxable. However funds in a standard 401K would be taxable. I hope that information is helpful to others

[@jal051]

Investment funds only pay taxes when you retire the money to the bank account. You can move the investment from fund to fund an infinite amount of times and not pay any taxes. Dividends are considered income, not investment, and are taxed. The ability to move your investment from fund to fund is only for investment funds, not ETFs. From ETFs any time you withdraw the investment you have to pay taxes for your profit (if any), even if you're only moving it to another ETF (same goes for stocks). A given amount of losses also deduct from your taxes within the same fiscal year (I don't know the details of this because I only do funds)

[@dianawliao]

Thank you! I just posted this question. I assume this applies to a Roth IRA as well? What do you mean a “simple investment account”? E.g. a taxable brokerage account?

[@jal051]

@@dianawliao It depends what are you investing in. For stocks you need special accounts/a broker entity. For funds they are just normal bank accounts. If you are going to do this from Spain I highly recommend looking in the online banks like MyInvestor or renta4. The offer is way better than in traditional entities.

[@danielflynn8118]

@@jal051 When you state "Investment funds only pay taxes when you retire the money to the bank account," do you mean that if I move my funds from my American investment account into a Spanish bank account that I will be taxed on that amount by Spain?

[@jal051]

@@danielflynn8118 Oh, I'm sorry. I don't know that. That'd be money you are bringing in from your investment elsewhere and I'm not an accountant. That's fall way off my personal experience. All I can say is that you pay taxes from the profit of the operations, but you can move the money from fund to fund without passing by the bank account and in that case it's exempt of taxation.

[@ravisriram6746]

I lived (practically grew up) in several countries before our dad settled us in the US; it truly was an amazing, unforgettable childhood. Although I love traveling and still have that wanderlust, America is now home as I have a nice house in a lovely neighborhood. I cannot speak for everyone or their situation, but I look at the instability and uncertainty the world over and I have to say, in all honesty, that the US looks pretty good to me. Let's just say that the grass isn't always greener. In my opinion.

[@hiddenname9809]

I am a traveler myself and go overseas for vacation every year. I have been binge-watching many of these moving out of America videos. There's a mentality that US is a horrible place, let's move somewhere else. Good for them, I guess, but there are so many factors in this. Some are able to have a good life in America, some don't and get out. But there is no need to trash the place. Move and never look back so you can stop complaining. Stop speaking bad of the country you were born in and lots of Americans love and still live in.

[@craftbrewer4032]

A mass shooting once a month never hurt anyone, right? Far right religious extremism either? US= all for one, Europe= one for all. Please stay in the states

[@itseveryday8600]

isn't there a deduction that can be used against the wealth tax? I remember reading it some where, but forgot the exact detail.

[@tonipetkova7810]

Здравей Антоанета, аз се казвам Антоанета и живея вече 23 години във Валенсиа. Не бих заменила живота в Испания и генерално в Европа за живот в USA. Имам достатъчно информация от сина ми, който живее в Америка 25 години! Данъци и такси се плащат в целия свят и милиарди хора намират начин да живеят, да оцеляват или да надграждат. Испания е уникална много, много позитивни неща, не е идеална, но те учи да живееш щастливо! Un saludo!

[@edwardsharpe6234]

Antoanetta thank you so much for covering this topic which was very helpful as I plan to retire in Spain next year. I have been reading up on taxes in Spain and it is very complicated and confusing particularly for Americans who must also pay taxes to the US. I am not wealthy by any means but the wealth tax might apply to me since they count your house and worldwide assets (the regular income tax is already high without that), so I was considering moving to Andalusia for that reason. That was the first I had heard that the wealth tax would be eliminated in Valencia in 2023 which is great to learn. I have always done my own taxes but when I move to Spain it seems like it would be beneficial to enlist the help of an international tax expert so I don't end up in trouble like Shakira (her hips don't lie but her tax forms might).

[@bandolero5068]

;)

[@mercy1459]

Because the United States and other Anglo-Saxon countries look down on taxes, he asked me that they never pay taxes in their home countries. In Spain taxes are used for health, education, infrastructure and other things that are in Spain for all people. If they want to enjoy these benefits, foreigners have to "pay taxes" as all Spaniards have done for decades to benefit the entire population as a country. Now foreigners do not want to pay taxes in Spain even if they have already been nationalized, they better look at another country where Tax Fraud is allowed, because here in Spain that is called Tax Fraud and is punishable by years in jail. Shakira no se informó o se informó y le dio igual y pues le debe millones a Hacienda ,puede ir a la cárcel

[@hometeaching3]

😄

[@vanik2021]

If you are planning on moving to Spain, Madrid and Andalucía is where you´ll pay less taxes by far

[@edwardsharpe6234]

Does any one know what the special regime the tax expert referred to (at 09:55) in order to avoid taxes for 5 years? I have not read anything about that before.

[@mellsrod4820]

You come to Europe, you pay taxes gringo, you contribute to our societies , your taxes are reflected upon: public quality funded healthcare , great infrastructure , a real social nest , not like that hell hole of the US. Gracias !

[@mikesossamon318]

@offshorecitizen has several videos referencing those tax options in detail. Also, if you're a business owner there are at least 2 SEZs that can significantly reduce taxes.

[@edwardsharpe6234]

@@mikesossamon318 Thank you Mike.

[@eav1979]

This video was excellent. Thank you! A great topic to consider and research prior to moving. I enjoy your videos. I have a request (if you are able). Can you make a video about American families with school aged kids making the move to Spain? I am strongly considering this with mine. Gracias

[@angusorvid8840]

I've been hearing for years about how relentless the Spanish tax authorities are. I'm not surprised by the Shakira controversy at all.

[@nuriazuazo3822]

Shakira's controversy had nothing to do with the amount of taxes. It had to do with the date she officially moved to Spain. She paid taxes from 2015 onwards but Inland Revenue said that she was living in Spain 2011. And, if as the video says, if you live in Spain for more than 6 months, you should be paying taxes in Spain. I think Shakiras has recently won, though

[@timschmitt7550]

Thanks for the interesting interview. People should indeed be aware that Spain and in particular the Valencia region has some of the highest taxes you find anywhere in the world. Spain is in fact one of the very few countries on this planet where you have to pay a sizeable annual tax on your worldwide net wealth (just for owning the money, taxes for income deduced from that wealth come on top, of course).

[@Comments_From_All_Channels]

Europe should keep wealth tax for millionaires, billionaires

[@antonioprintsl689]

The EU Court has forced Spain to revert the "Formulario 720" that taxes all your wealth and profit in any country. This only applied for spaniards and nacionalizados. That was a nightmare, absolutely crazy communist tax. You don´t pay for owning money, only for the profit that you got for the money.

[@lulabellegnostic8402]

The main thing you need to consider is can you afford to return after a few years if you become seriously ill. In Spain there is no welfare or social services, family are expected to help out. And selling up after a few years in Spain , you’ll find you can’t afford to buy back in the US anything like what you sold.

[@Stingerca]

Thank you very informative. What about comparing the tax rate of the Canary Islands to Mainland Spain?

[@mr-vet]

So, would my U.S. military retirement and my wife’s US federal pension (when she retires) be taxed in both the US and Spain? And US social security retirement? I know that my disability compensation will not be taxed.

[@knsmith91]

Could someone help me with tax information for a U.S. citizen moving to Spain for the new digital nomads visa? I think the visa is for one year and you wouldn’t own any property just renting, so what would the tax situation be for those individuals? Thanks so much!

[@ANTOANETTA]

Check description there is a contact info

[@opadrino7875]

I am 66 years old and I have a pension but I also have a 3 day jod as a fire inspector,can I have a part time work want to know how if small city like caceres taxes

[@etherealtb6021]

Thanks for doing this! Other youtubers talk abiut this, but want to sell you something to get more details.

[@shinyshinythings]

LOL, doesn’t want to pay taxes, is disappointed that there aren’t TWO Starbucks right around the corner from each other - yep, Antoanetta, you’re 100% American! Love your videos.

[@master_of_disaster_77]

To Antoanetta and all the other people who like to enjoy the Spanish lifestyle but are not so keen about paying taxes in that country: What do you guys think how the very affordable health-system, good infrastructure, great public transportation, clean streets, safety, cultural offers, museums etc. etc. are financed? 🙄

[@dianaapo3776]

Question: If you renounce your US citizenship then do you still owe taxes?

[@germancamacho3944]

The best way is get the hell out of Spain before the 6 month period before you get hit with taxes, and don’t buy any property or have any investment Just live there for the summer 3 month is enough and avoid the ripoff ,

[@laika3916]

Does the US pass the property tax back to Spain or does Spain just lose it to the US despite the property being in Spain?

[@THINGS.I.DO.007]

Hi Antoanetta, truly appreciate your efforts in going over and trying to explain Spanish tax implications on US citizens if/when they choose to move/live/buy/invest in Spain, but I am sorry to say, a lot of what was discussed in this video still didn't make much sense. An average American like myself who is just trying to buy and small vacation home near (30 mins) from Valencia let's say for 150k Euros to only come and live here during summer and winter holidays, would like to know what am I hook for as far as yearly tax goes, especially since I will not be working here, but will be working from here for an American company while being on working holidays.

[@xeray6032]

Recently I read that Spain does not tax military Veterans income from other countries. Is this true? I am not from the USA and my Veteran's disability pension is nowhere near an American Vet's pension. I would also have to juggle exchange rates which further reduces my income-disposable income amount. Is it true that my Veteran's pension would not be taxed? That would make a large difference to my ability to live there on a non-lucrative visa.

[@TheCuban70]

Right now I'm temporal resident for Jubilado in Cataluña, 100% Iraq war veteran disabled and I don't pay taxes, VA send my electronic check to my Spanish bank, but still I keeping my savings account in USAA. Just in case , I moved out from Spain, move it to other country o back to the states. Until this 5 years, no taxes to paid , either US or Spain.

[@TheCuban70]

Non lucrative visa , that one

[@xeray6032]

@@TheCuban70 Thank you for taking the time to share that information.

[@Evolving62]

Wow, I was considering moving to Spain for 6 or 12 months. I retired from a NYC agency snd gave my pension but this is very disappointing 😮

[@danielflynn8118]

A couple of people on here have mentioned going to France instead of Spain because of the tax situation. However, the research I have done indicates that France overall is more expensive when it comes to housing and food and other daily Essentials. So even if France does not tax your foreign income such as 401K, IRA, and social security, is it really cheaper to live in France instead of Spain?

[@marcind4644]

Paying taxes can be often cheaper. I mean, Monaco has no taxes at all, but a basic small apartment will cost you 2 millions or even more. Spain seems like a sweet spot for people with a net worth between 300k-1 million since you can buy a home and use your private allowance for it, so you end up not paying the wealth tax at all. However, for fortunes of over 10 millions Spain doesn't look attractive at all. Hundreds thousands of Euro per year in wealth tax just for living there.

[@Maim133]

This was such a bummer. Ive planned to move to Spain for 2 years. Confirmed everything I needed for Digital Nomad or Golden Visas. Settled on Valencia after some research and a couple visits. Took spanish lessons for a year. Looked at potential houses and neighborhoods. Found a school for the kids. And now about 14 months before we would go learning about the Wealth tax just makes it a non starter. I budgeted for aggressive income taxes, but not stealing my savings.

[@solveigsolveig2249]

What makes you think you would be welcome in Valencia? Locals hate expats and tourists and there are incidents against them reported daily in the news. Foreigners have spoilt the lives of locals, as elsewhere in Spain. We do not want you and we do not need you. Fix your own country and don't exploit others. It is not ethical.

[@paulrumohr]

Watching Antoanetta having a minor heart attack as she gets clearer on Valencia income taxes :)

[@angusorvid8840]

I'm an American and I've known for decades how aggressive the Spanish tax authorities can be. Our own IRS is very aggressive with a lot of international reach, but they still can't do things other tax authorities can do, at least not so easily. In Israel, as in neighboring Arab countries, the authorities can take your cash register if you're a humble vendor selling produce. This is what happened in Tunisia when a young fruit vendor in Tunis had his register confiscated. He self-immolated, and this set off the Arab Spring of 2011.

[@paulrumohr]

@@angusorvid8840 OMG that's very different than the USA!

[@billlynn8256]

she is probably in the tax man's sights already

[@dandeluca]

The public amenities in Spain are very good, so it makes sense that it's a high tax state. The 3% wealth tax in Valencia is a bit much though, especially for lesser amounts of wealth, which might barely see one through retirement. I hope you are correct about Valencia eliminating the Wealth Tax. The double taxation of the US when you live overseas is actually a bit more egregious -- as she points out, only one other country in the world has it, and that is Eritrea, a very, very poor country.

[@timschmitt7550]

Compared to many other European countries the public amenities are not very good in Spain I would say.

[@alegp97]

Its going to be eliminated because OF COURSE it has been seen as nonsense

[@timschmitt7550]

@@alegp97 Well it needed a right to far right government to eliminate it. Large parts of the Spanish population seem to like it, as you can also see in the comments here.

[@Comments_From_All_Channels]

Europe should keep wealth tax for millionaires, billionaires

[@juanjuan5658]

@@timschmitt7550 No he visto de bajar los impuestos la derecha . Entró Rajoy y los subió. Es una falacia de la derecha como muchas otras cosas.

[@hometeaching3]

I was born in Spain but have lived in the US for 40 yrs. I will be getting my DNI when I go there in September and my EU passport afterwards. Once I retire there, will I be eligible for the "free" national healthcare?

[@abcxyz15000]

You must live for 2 years in Spain in order to be elligible for free healthcare as a retired person.

[@a00911666]

If I don’t stay more than 183 days in Spain (technically not a tax resident) but I do own property in Spain, I will only pay taxes on the the property itself, but I don’t have to pay taxes on my US income, correct?

[@BenMargolin]

I believe this is correct but I am not a tax attorney etc.! So yeah you need to pay taxes on income from your property in Spain (if it's rented, or even if it's not depending on the region!). But I believe you don't need to pay personal income tax to Spain unless you are a tax resident in that year.

[@mikesossamon318]

There's several tests countries can use besides the "183 days test" to put you in their tax net. The higher net worth someone is the more likely they'll pursue those options.

[@mercy1459]

Ni se te ocurra hacer un Fraude Fiscal. Ha Hacienda no le escapa nadie ,or eso los Españoles pagamos nuestros impuestos religiosamente .

[@Odiseio]

Yes. But make sure you can prove you´ve been out Spain more than 183 days

[@dougheck1522]

great video... Thanks! Spain is off the retirement list... too complicated.

[@mr67927]

I don't know. If you are a city person going the city, then you're good. If you're a country person going to the to the country, then you're good. In my view it depends because I am a country person from the U.S. going to the country in Spain and I'm more than fine. I would really enjoy seeing a video about that. the difference between " city life and country life". Cost, things to do and such. Thank you!!!!!!!!!!!

[@tramitram1316]

Who is that lady. How can we get in touch with her ?

[@inigoromon1937]

If you want to live and enjoy a well functioning society you have to pay your taxes.

[@APeeKay]

Loved the video and interview. One hint that you have not integrated in Spain is that you are still looking for Starbucks. Local Spanish coffee is so much better.

[@user-cb9ke4xs3y]

Ugh, no. Spanish coffee is torrefacto processed and tastes bitter. At least Starbucks sells real arabica coffee beans.

[@GonzaReformado]

Someone who has actually spent time in both countries: USA > Spain, all things considered. I miss nothing absolutely from Spain, perhaps their northern region restaurants and food. We make 3x more money, can spend it however we want, have access to the best banking system in the world, get taxed very little if you know how to do things correctly, etc etc.

[@DeanRamser]

Excellent video. Thank you. As retired educators on a fixed passive income, we are seriously thinking of selling our Portland condo and moving to Europe where safety, walkability, and excellent healthcare are offered. It seems that our social security and pensions will provide a better life for us in our senior years in Spain rather than in America. Your thoughts? Dean & Cindy

[@pavloarmand4070]

I've been looking at residency in Spain but the income tax system appears to be punitive. The tax on a pension is higher too. No-one ever mentions this except if you speak to the Spanish. The bureaucracy is mind-numbing and the state-snooping is everywhere. Even buying a toaster or bicycle requires an NIE number. The banks also are very restrictive. Any cash deposit over 999€ sets 'alarm bells' ringing. A withdrawal of cash from an ATM incurs a charge of €7.50. Renting out a room in your home requires 3-monthly form filling . Is it all worth it? Perhaps better to stay for 3-months as a tourist and then move on ?

[@anai1895]

What about the gift taxes. If my mother send me 50 000 from US to purchase a property. How does it work? Thank you 😀

[@Evolving62]

Do u have a tax video for Italy

[@basementstudio7574]

I'm 3 years away from retirement and was planning on Portugal. But in the last couple of days the Portuguese president announced the end of the NHR tax regime which lowers Portuguese taxes on immigrants significantly. So now I'm looking at Spain. I've seen in other videos that Spain won't tax government pensions which is good since I'm federal and my wife is state. We have close to a million in our 403bs which are government 401ks and our house it worth about $750,000. So it's good to hear about the elimination of the wealth tax. I wonder how the rest of our assets will fair.

[@solveigsolveig2249]

Please, fon't come and stay in your own country. Being an expat is exploitative and It is not welcomed at all here. Gentrifying our cities to death is a tragedy and there's a growing backlash of violence against tourists and expats.

[@wildorchids3657]

I will think twice and consult a Spanish accountant regarding their taxation before moving to Spain..however if taxes are being used for public purposes....it's a good thing. Here in Canada we pay 25% to 35% and when you go to emergency hospital waiting time is 8 hours...where are our taxes going?

[@antoniocardona1965]

Check different taxes here in Canary Islands...

[@mahmoodmalik140]

Very information vlog. Seems like property tax is extremely expensive in Spain. On 500,000 Euro home tax would be 17500 Euro per year if the rate is 3.5

[@valenciaproperty]

It isn't

[@mahmoodmalik140]

@@valenciaproperty .That's good what is the property tax rate?

[@valenciaproperty]

@@mahmoodmalik140 Annually anything from 80 Euros to around 2000 in Valencia. The 2k is on real top end property. An average apartment in the city is about 300 euros per year

[@mahmoodmalik140]

@@valenciaproperty Excellent. Thank you for the update. Take care!

[@marcind4644]

The wealth tax isn't the same as property tax. Property taxes are low in Spain. For wealth tax there are allowances for primary residence home. It gets quite expensive when you are a multimillionaire though.

[@SoftSport1227]

Bar Paco is better than Starbrucks and pay more at his employeeds.

[@hgwilt1]

Si Taxes in the US can get quite expensive from housing to child care. So are Spaniards still going to live in Spain or are they moving to Portugal because it's cheaper with tax?

[@Ana-Maria-Sierra]

In Spain citizens have mostly free healthcare, education and inexpensive public transportation, which also encompasses air travel, which unlike the US, is subsidized and far less expensive. Seniors and students also receive additional discounts on these services. If you were to remove these costs from an American’s monthly budget that would be at least $1000 less per month. Also, remember that we pay federal and local taxes and many states also impose a state income tax. In addition, if you are a property or business owner there are property and business taxes. Plus there are sales and all the other taxes tagged onto phone bill and such. We don’t get by easily in the states. I don’t know enough about the Spanish economy nor their federal and regional budgets to form an opinion about whether it is too much or not. Spain. I understand, has the 10th largest economy in the world, which was quite surprising to me given their low average incomes and relatively high unemployment rate. Everyone agrees that there is much room for improvement in terms of growing their economy, but Spain still must let go of some Franco era customs and attitudes according to their own government’s research and the EU’s research. Spain has made great strides over the last nearly 50 years, but Spaniards’ lives have changed and they want a more consolidated day and to go home earlier. The EU wants the same for Spain and for them to conform to their natural time zone with Portugal and UK (which went into effect as a gesture of solidarity with Nazi Germany). The Spanish government may be collecting too much in taxes as there have been many politicians caught stealing funds from the government. I think for Americans what ruffles our feathers is to have to pay taxes twice, eg with the Roth IRA. Spain doesn’t care that you already paid taxes on these savings to the US government. There are other distinctions that don’t align with an American’s financial goals along US tax laws and end up costing extra. It’s something to mull over.

[@albertodietz5461]

Woke babe, no one ever lived in Spain anywhere remotely near as well as during Franco's last 15 years, that is, between 1960 and 1975.

[@hoosomio]

​@@albertodietz5461jajajaja no te lo crees ni tu . España se vive bien a partir del 75 ... Cuando muere el dictador

[@mercy1459]

Es cuando no sabes que la gente vivía mejor en los años de Franco ,que la España actual . Por otro lado no explicaste que la sanidad,educación e infraestructura y demás cosas es gratis y menos precio es por los IMPUESTOS que pagamos los Españoles .Nada es gratis

[@MCGguitar698]

Healthcare, education and public transportation are never free, it's impossible. I have friends in Italy, they make such a low income and the NHS is so horrible they have to take out loans to see a private doctor. Europe is generally less violent than North America and South America, that's the benefit to me.

[@albertodietz5461]

@@hoosomio excelente oportunidad perdida de haber permanecido calladito evitando que tu abyecta ignorancia fuese percibida por quienes personalmente pueden contrastar ambas epocas, chavalin.

[@DeanRamser]

As retired Americans how much would our passive income (excluding investments) of $40k be taxed?

[@solveigsolveig2249]

50% .

[@AcademicLifeDrCrystal]

Very interesting video and a great interview. Many are moving to new countries because they are ready to experience something new in life. There’s always a trade off in every journey. It’s good to be informed though. Misery is the most expensive option. It’s better I think to save, invest, and move as you need to. Life is short, and the vast majority of viewers are not “wealthy” so it’s our dream of wealth that makes us rationalize the tax structure as a negative. Thanks ❤️🙏🏾☺️

[@javiermartingonzalez4759]

Shakira tenia repartidos los productos que vende por varios paraísos fiscales y la Hacienda Española durante años encontró todos los ingresos y aunque no vivía aquí, si paso más de 6 meses en el país debe pagarlos donde reside. YLa Agencia Tributaria sabe exactamente los días que pasó Shakira en España 6 y en cada año .

[@quietmanllc]

A Shakira se le probó su residencia en España por que tenia al marido y sus dos hijos viviendo en Barcelona.

[@javiermartingonzalez4759]

@@quietmanllc Y que tiene que ver con que no pague los impuestos?

[@MENSA.lady2]

Can you get legal residence in Spain ? or any EU country ? most likely not in which case who cares about the cost ?

[@frontiermusings]

Yes you can apply for legal permanent residence. But regardless, you will owe taxes if you live there over 183 days.

[@cadizliz]

All of this is theory for there are so many ways to not pay taxes above a certain salary it is why middle class pay most taxes and rich don't unfortuantely. Just need a good lawyer. Also people retire here and after a few years they can join the universal healthcare, meaning, since they get sick way more than young people in general, that money has to come from somewhere since it is all covered (cancer... anything they need), so in a way, having so many elders is very bad for the economy unfortunately, since most taxes come from paying people and then workers will have to pay for it, but then again we know we are always covered and never die in the streets like in the US (I am a US/Spanish citizen)

[@vervideosgiros1156]

47%, but the wage there is nice and the cost of living not too high, so you can have a nice life there and at least you don't need to be rich or go bankrupt if you have to be in the hospital, as it is in some other places...

[@Winterbiker333]

Many counties charge their citizens 47% taxes, including Canada

[@otracuentaperra4290]

It is always good to hear the whole set of reasons for and against something. After this, one must look at the bottom line. The bottom line is that investors are FLEEING Spain regardless of the rosy descriptions some want to adhere to. Spaniards themselves are fleeing Spain whenever they can. THAT is the bottom line. This is sad to me as I see the cultural advantages of living in Spain but the fact is financially deleterious.

[@DragonKingGaav]

I was looking to retire in Spain from the USA, but the wealth tax is a deal breaker.

[@Annie_n_the_oldGypsy]

How about a retiree from the USA who moves to Spain and lives via a visa without the right to work? Thank you

[@blantant]

A 3.5 percent wealth tax is a dumb strategy long term. It's a great way to incentivize your tax base to relocate...

[@monicabasoa172]

This shows a brief glimpse of the reality of Spain with taxes. Yes, they have a nicer slower life style, the country is safe, but they tax people heavily, more than in the USA. Where do you think health care and SS come from? Madrid has one of the worst health Care Systems. It is collapsed because the city has millions of people living in there. It's mandated that you have private insurance, which is cheaper than in the US. How do I know this? I am Spaniard. I have lived in the US since 2005. Yes, the US is not the best place to live, neither is Spain.Not everthing that gliters is gold.

[@shinyshinythings]

When I think of taxes, I think neither of Al Capone, Wesley Snipes, Shakira, the Trumps, nor any of the other big-wheel tax evading individuals (or, for that matter, companies). I think of roads, bridges, firefighters, public schools, public/private schools in the concertado system, as well as the healthcare system, and the safety net for the poor and disabled. And where the US is concerned, the Defense Department (by far the biggest per capital expenditure), NASA, the CDC, the NSF, and the funding of arts and humanities projects like the national parks, library systems, opera, and public art. And I think those things are worth paying for. Said my piece, 23 seconds in. Now back to the video, LOL.

[@andrewe.7907]

Two beautiful women talking taxes. Gotta love that... I really need to learn about taxes. Question is do they tax yearly the amounts in a Roth IRA (taxes alaready paid in states thus tax free growth) and Regular IRA/401k (taxes paid upon withdrawel)? Is the Wealth Tax on everything a person has? Taxes is the most scary part of the move for me..

[@joachimmilberg2313]

📌Do what everybody else is doing if you are okay with only having what everybody else has.Information that will pay you everyday, you've got to stop saving all your money. Venture into investing some, if you really want financial stability. Choose to grow and elevate your mind by studying audios, videos, attending conferences that will give you the edge!

[@nolascowalus2676]

The fact that tomorrow isn't promised to anyone is very well understandable, but investing today is a hard thing to do because knowledge on how and where to invest is always required.

[@loiusbenetti1811]

@@nolascowalus2676 In situations like this,I always recommend to people on getting guidances at least from someone that understands price actions while you strive on improving yourself by watching videos and learning fundamental analysis of the market.

[@givoguewhigham599]

Already taken into consideration investing in cryptocurrencies[precisely XRP] for long term, I’ve set asides a considerable amount to invest,watched videos on YT but along the line,I usually get cold feet, maybe because I haven’t acquired much information.

[@ernestradner156]

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[@givoguewhigham599]

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