The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  • Self-Promotion Saturday Now Live!

    Have something to sell? Want to promote your design service or a YouTube channel? SELL-ME SATURDAY is your opportunity to self-promote anything within the sphere of entrepreneurship on one thread... and at no cost. Go There
    Note: Indiscriminate SEO backlinking to questionable material is not allowed.
  • Join 50,000+ entrepreneurs who are earning their freedom and living their dream.

    "Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.

    Download (Unscripted) Download (Millionaire Fastlane) Register
    Registering for the forum removes this block.

HOT TOPIC Found a motivation! I want to go live in Brazil!

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Supercar

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Mar 14, 2012
273
505
253
Michigan, Arizona
Greetings all!

I have achieved 95% of my earlier life goals like 10 years ago. The remaining 5% were not worth the costs that I would have to pay to get them. I tried other ventures and adventures, but eventually lost interest and motivation.

I have just found the motivation again! Last week I went on vacation in Brazil. Rio de Janeiro and Cabo Frio. LOVED, LOVED, LOVED every minute of it! Loved the country, the people, the culture, the food, the weather, the beaches, and of course the women! I smiled all the time that I was there. I want to move to live in Brazil!

I first thought my challenge would be to be able to generate a life-sustaining $30K+/year income while in Brazil. But I could probably pull this off already, if I rent out my current residence.

Another challenge is to be able to stay in the country legally for more than 180 days in a year. I will need a visa for that.

The permanent visa type that I liked the most is the Investor Visa.
Visa policy of Brazil - Wikipedia

There is even a company that assists with everything:
Brazilian Citizenship :: Investor Visa & Permanent Resident Card in Brazil by investment
They make it sound pretty simple. I hope it is not a scam!

The required investment is R$500,000 (US$140,000). Or R$150,000 (US$42,000) if it is an investment into a tech company. They say that this investment can take any form, including buying a piece of land or property, and maybe even stocks, fixed income.. etc!

I know almost nothing about such investments. Where and how would I start learning?

If you have any other advice about Brazil, I am all ears!
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Mikkel

Silver Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Feb 25, 2016
356
516
262
26
Maryland
Just a quick note, I believe you will have to pay both US taxes and Brazilian taxes if you choose this route. Unless you decide to denounce your US citizenship.

Just something to think about. Best of luck :thumbsup:
 

sparechange

Platinum Contributor
Speedway Pass
Nov 11, 2016
2,209
3,165
790
Canada (Vancouver)
Funny, my Brazilian friends don't want to go back at all considering the high murder rates, super corrupt police (one of my friends was extorted) & frequent muggings.

Grass is greener on the other side I guess, they'd gladly trade passports with you.
 
OP
OP
Supercar

Supercar

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Mar 14, 2012
273
505
253
Michigan, Arizona
Just a quick note, I believe you will have to pay both US taxes and Brazilian taxes if you choose this route. Unless you decide to denounce your US citizenship.

Just something to think about. Best of luck :thumbsup:
I thought about that. But taxes is not a reason to stop living the life that I want to live. If I have to pay income taxes, that means I have income! Also, there are many ways to minimize those taxes.
 
OP
OP
Supercar

Supercar

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Mar 14, 2012
273
505
253
Michigan, Arizona
Funny, my Brazilian friends don't want to go back at all considering the high murder rates, super corrupt police (one of my friends was extorted) & frequent muggings.

Grass is greener on the other side I guess, they'd gladly trade passports with you.
All countries have their problems. Fat and ugly dressed women, also boredom, are the biggest problems with where I live now.
 
Last edited:

sparechange

Platinum Contributor
Speedway Pass
Nov 11, 2016
2,209
3,165
790
Canada (Vancouver)
All countries have their problems. Fat and ugly dressed women, also boredom, are the biggest problems with there I live now.
Nicer places than Brazil that are much safer
 

sparechange

Platinum Contributor
Speedway Pass
Nov 11, 2016
2,209
3,165
790
Canada (Vancouver)
Please give me the list! I am not yet done exploring the world!
Ha I'm personally not done myself, but anywhere else in Latina America would be a superior option than Brazil. Not a fan of the highest murder rates and hear nothing but bad things from friends that grew up there.

Costa rica? Domincan Republic? Peru?
 
OP
OP
Supercar

Supercar

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Mar 14, 2012
273
505
253
Michigan, Arizona
Ha I'm personally not done myself, but anywhere else in Latina America would be a superior option than Brazil. Not a fan of the highest murder rates and hear nothing but bad things from friends that grew up there.

Costa rica? Domincan Republic? Peru?
I think those countries may be better only statistically, on average. But in reality, you probably just need to know where to go and where not to go. Like some ares of Detroit and Chicago, the murder rates are close to 100%, but just 20 miles away we do not lock doors, cars, or worry about our Amazon packages being stolen.

I prefer bigger countries, more places to go without having to stop to cross borders. I like Portuguese more than Spanish, and I have a curiosity about all things Brazilian. I think it is Brazil for me.
 

B. Cole

In thine hand is power and might.
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Mar 5, 2017
598
1,891
552
39
East Coast
I feel your enthusiasm - I am infatuated with the thoughts of immersing myself in that area of the world. Vibrant culture, warm beaches, rainforests, adventure and exploration opportunities everywhere.

Keep us posted!
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Olimac21

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Dec 3, 2015
444
581
260
28
Belo Horizonte, Brasil
I currently live in Belo Horizonte, Brasil as an expat since April and I also idealized the country before coming here due to my many holidays here when I was younger ( in my teen years).

Living and working here is a different story, things work very slowly and many people are very busy or distracted to get things done or have some socially interesting engagement besides partying or drinking. It is not like carnival everyday haha because working hours are long and logistics are tricky.

On the positive side, people are very friendly, weather is quite good (not a real winter lol) and is a fun place to be, with LOTS of things to see and do. Also food is amazing and for someone who has earnings in US dollars, EU or pounds can be very cheap.

If you want to live here but be in a safer place I recommend the south (Florianopolis or Curitiba are good options) and if you dont mind being far away from the beach Belo Horizonte is also good. If you want to come here in Belo Horizonte , you might be eligible for a visa by taking a portuguese course at UFMG

Portuguese for Foreigners - CENEX/FALE

In terms of other south american countries, my country Chile is a good option (Viña del Mar or Santiago) and have heard plenty of good things about Colombia (Medellin especifically).The rest of the continent is unstable in my opinion.

Feel free to message me if you have more questions, I would be happy to help you
 

The Abundant Man

Gold Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 3, 2018
1,437
2,062
559
I have a friend who did a work study program in Chile. The program was through Drake University in Des Moines, Iowa and he worked for the US Ambassador to Chile. He got to meet the Mayor of Houston, Texas in Chile and the Chillean President.

Met his girlfriend there. Got his laptop stolen. Had his electricity shut down. lol.
 

Olimac21

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Dec 3, 2015
444
581
260
28
Belo Horizonte, Brasil
I have a friend who did a work study program in Chile. The program was through Drake University in Des Moines, Iowa and he worked for the US Ambassador to Chile. He got to meet the Mayor of Houston, Texas in Chile and the Chillean President.

Met his girlfriend there. Got his laptop stolen. Had his electricity shut down. lol.
Hahaha is still south america so you might get your things stolen from time to time if you are unlucky.
 
OP
OP
Supercar

Supercar

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Mar 14, 2012
273
505
253
Michigan, Arizona
Portugal, Spain, Europe.. even Moscow ( found the place very nice in the summer :happy: ) Hong Kong, Australia...
Europe is too cluttered. Hong Kong is too. I suffocate there. Expensive. Very few women that I actually like. Not a lifestyle upgrade from the USA for me.

Australia is too far away from all the other places that I like to visit.

I was born in Moscow. I have some family, friends and property there. I can live there for cheap. The negatives are the same as in Brazil with very few positives. Most women are like sisters, and the first thing they want is to get married. I do not want to live there. This is why I left.
 
OP
OP
Supercar

Supercar

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Mar 14, 2012
273
505
253
Michigan, Arizona
I prefer bigger countries to live in. If I cross out Russia, USA, Canada, Mexico, Australia, India and China, Brazil is the biggest one of those that remain.

An economic downturn is a real estate investment opportunity.

Rio is amazing. It is like a resort town with beaches and tourists, yet it is a huge city as well.
 

Sanj Modha

Platinum Contributor
Speedway Pass
Feb 16, 2016
1,031
3,148
770
38
In Your Newsfeed
You're moving to Brazil after they just elected a crackpot dictator?

Good luck with that.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Xeon

All Cars Kneel Before Pagani.
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Sep 3, 2017
1,461
3,048
776
Singapore
Loved the country, the people.......and of course the women!
Is it true that most of the women in Brazil looks like these? Vivacious, energetic, bold, gorgeous.....you know.

 
OP
OP
Supercar

Supercar

Silver Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Mar 14, 2012
273
505
253
Michigan, Arizona
You're moving to Brazil after they just elected a crackpot dictator?

Good luck with that.
The crackpot dictator said he supported gun rights. So he can't be as bad as the previous rulers, who despite the 2005 referendum de facto were not allowing gun purchases.
 

Longinus

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Aug 28, 2014
1,141
4,832
1,146
Poland / Belgium
The crackpot dictator said he supported gun rights. So he can't be as bad as the previous rulers, who despite the 2005 referendum de facto were not allowing gun purchases.
Interesting fact: Brazil has the most gun-related homicides for a country with a gun ban.



OT: I don't think you have to worry as a foreigner if you use common sense. Most homicides are related to drugs and mob.
 

Merging Left

Silver Contributor
Read Millionaire Fastlane
Speedway Pass
Jul 20, 2014
397
716
300
30
Just a quick note, I believe you will have to pay both US taxes and Brazilian taxes if you choose this route. Unless you decide to denounce your US citizenship.

Just something to think about. Best of luck :thumbsup:
The conversation has moved on, but I wanted to point out, for any American expats, you can qualify for a foreign earned income exclusion. In 2015, it was $100,800 per person, and it's indexed annually.

Essentially, if you live and work abroad, you must pay US taxes on any money greater than $100,800. That's a pretty significant cushion for the vast majority of people.

Foreign Earned Income Exclusion 2016 | Internal Revenue Service

@CareCPA would likely know more.
 

CareCPA

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
May 2, 2017
847
3,038
760
31
Pennsylvania
The conversation has moved on, but I wanted to point out, for any American expats, you can qualify for a foreign earned income exclusion. In 2015, it was $100,800 per person, and it's indexed annually.

Essentially, if you live and work abroad, you must pay US taxes on any money greater than $100,800. That's a pretty significant cushion for the vast majority of people.

Foreign Earned Income Exclusion 2016 | Internal Revenue Service

@CareCPA would likely know more.
This is essentially it.
Here is another good publication for details: https://www.irs.gov/pub/irs-pdf/p54.pdf
 

Arun Siva

aspiring 大君 of the bourgeoisie
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Aug 31, 2016
1,195
2,021
568
NORD-TRONDELAG
Interesting fact: Brazil has the most gun-related homicides for a country with a gun ban.



OT: I don't think you have to worry as a foreigner if you use common sense. Most homicides are related to drugs and mob.
whats really impressive is that nearly a 1-4 of germanys population has guns but only 158 deaths. Likewise in France. Simply amazing.

Brazil has over 200millino people. And most of those deaths are in rio and or sao paolo. So go figure. Brazil is a great country with great people and cities like Recife are great.
 

sparechange

Platinum Contributor
Speedway Pass
Nov 11, 2016
2,209
3,165
790
Canada (Vancouver)
whats really impressive is that nearly a 1-4 of germanys population has guns but only 158 deaths. Likewise in France. Simply amazing.

Brazil has over 200millino people. And most of those deaths are in rio and or sao paolo. So go figure. Brazil is a great country with great people and cities like Recife are great.

Guy I know went to that big Jesus statue in the middle of the day with his GF, had a gun pulled to his head in broad day light. Apparently thats a common thing lol
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Just bought 5 of your Upwork courses. Thanks for making valuable content Lex!
  • Sticky
MARKETPLACE Kill Bigger Incubator
I've just concluded my program with Kyle. The incubator gave me what I wanted. Now, working on a...
  • Sticky
MARKETPLACE Fox's Web Design Guide: Earn $100K this year (Yes, 2020!) and Go Fastlane
Thanks for the detailed response. I see it similar, in the beginning, you have only a small...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks for your offer to look at my book. Here's the link to the squeeze page Buy The Prosperous...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
The day I can afford to pay 800 a month to have someone keep me accountable is the day I've won...



Forum Sponsor

sponsor

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom