148: Living as an Expat in Hungary, England, and Portugal – Kris Broholm
Today’s guest on the Expat Money Show is Kris Broholm from Actual Fluency, a language learning blog and podcast that he started in 2014 which now has over 180 episodes. He is a passionate entrepreneur who specializes in affiliate marketing, sales funnels and copywriting. Originally from Denmark, he has lived all over Europe and is now an expat in Portugal.
WHAT WE DISCUSSED IN THIS INTERVIEW:
- Are you ready to take the leap from living in one country to living abroad, becoming a digital nomad?
- Listen to Kris as he talks about his expat journey from growing up in Denmark and how he learned English, you’ll be amazed!
- The absolute best trick to learn a second language, or even a third or fourth
- The fatal flaw of following someone that has no experience or following someone like Kris who has tons of experience.
- How you can achieve your ultimate expat journey
- Learn one of the biggest lies told to you when you are learning another language
- Tips and tricks when searching for the perfect place to live
- A common myth on why people are expats, and why it’s okay to just go from country to country and enjoy life!
- A sneak peek into being an expat
- The most important question about Portugal, home of port wine!
- How to set up a company in Cyprus during the pandemic, are you ready for it!
RELATED PODCAST EPISODES
- 138: Digital Nomad Life In Asia – Nimrod Dean Kuchel
- 132: The Future Of Remote Work And Digital Nomadism – Kari DePhillips
- 083: Secrets to Learning a Foreign Language Quickly – Olly Richards
HOW TO FIND KRIS BROHOLM’S WORK
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CONCLUSION
My friendship with Kris goes back a few years now and I am thrilled to finally have him on my podcast. We have worked on some projects together and we’ve become friends and I’ve watched Kris travel the world and experience the best of what life has to offer. I look forward to seeing what the future holds for you, my friend!
About The Host, Mikkel Thorup
Mikkel Thorup; the host of The Expat Money Show, has 20+ years in continual travel around the world, visiting more than 100 countries including Colombia, North Korea, Zimbabwe and Iran.
His goal now is to help Expats just like you to generate additional streams of income, eliminate your tax bill, and take advantage of offshore structures so you can travel the world freely and never have to worry about money again.
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It interesting to note that a liberal from Denmark moves to extreme right wing state like Hungary due to lower taxes. This guy makes sense but it doesn’t fit the narrative of the Western Europe.
Hello Charles,
My move to Hungary was not rooted in taxes (although they certainly have a very fair system for freelancers where you can pay a flat rate (about 15% I believe) up to a certain turnover – something like $40,000/year. It was a complete spur-of-the-moment decision to stay there, rather than use my flight ticket to Berlin that I had bought.
My move to Portugal was heavily influenced by taxes. As I said in the episode, I don’t think minimising your taxes to 0 is worth it, if it means living in a place you don’t enjoy, or having setups so complicated you need an army of lawyers and accountants to make it work.
As it happened Portugal is only a few hours from my home country, it’s within the EU, has great weather for my taste, great food and culture, and it’s a very modern and developed country with very little extreme poverty, crime, or unrest. Plus, I’m a big wine fan so being in the heart of Port Wine Country is a big plus.
In Denmark I would have been living in darkness, with limited to zero food culture, had 30-40% higher fixed expenses, and my taxes would have been eye-wateringly high.
I could have accepted being taxed about 50% of my personal income, if I had the ability to grow my wealth within a company setting through investments. But, being taxed at the point of making the money, AND at the point that that money makes a profit through investments is a complete joke and will slow down wealth accumulation by a ridiculous amount.
So, now I’m here, paying just about 15% in taxes total at the point of earning it, accumulating for a few years, and who knows, once I’ve done that for a while I might move back to Denmark again.
Or, I might stay here in sunny Portugal…Or go somewhere else entirely 🙂
I like a lot of libertarian principles, and probably fit into a traditional center-right, conservative political bucket – if I had to try and place myself.
Kris B