Work /
Self-employed American living in Poland? Is it possible? [46]
OP here. I'm hoping my income will be 228k PLN next year (in 2020). What concerns me is what one of you guys said regarding
the fluctuation of Zloty to USD. Do you think there is a chance of the Zloty climbing in value and me losing a lot money on the exchange rate? Or does it all even out over the period of 1 year?
I would plan on billing my clients in USD, then collecting that money in my Wells Fargo bank account, then transferring those monies over to my Polish bank account (once a month and on the days when the dollar is stronger). Between that and my monthly invoices that I save...this way there is a paper trail that the Polish government can use to confirm I'm paying what I owe in taxes--that's one area I refuse to screw around--I don't want to do anything that would cause the Polish government to deport me back to America. Would rather overpay on Polish taxes out of an abundance of caution (that's "old man me" speaking).
The reason I'm not wanting to move to a cheaper part of America is because I was born in Southern California and I really don't fit in politically with the far left or the far right in America and it seems like that's all there is nowadays. I'm as middle of the road politically as they come--technically a-political if you want to get nitty gritty. I tried living in a "flyover" red state for a few years and I just didn't fit in. I'm currently living in a very diverse blue state and it's just the same. People are too extreme nowadays.
Things have changed in the U.S. and it's never going back to the way it was, so if I have to start all over, might as well do it in a country that has a decent quality of life and is semi-affordable. Ergo Poland.
I should have also mentioned my plan to move to Poland rests entirely on me making that 228k ($60k USD) in 2020.
I have a marketing plan that will hopefully get me up there in income. 2019 was a real ****** year for me income wise.