Thinking about becoming a digital nomad or relocating to another country? Whether you're dreaming of remote work with a passport in hand or trying to escape the daily grind by starting over abroad, there’s more to it than sunshine and freedom.

In this Know Better. Do Better. episode, Lauryn Williams—who has firsthand experience living abroad in Colombia—is joined by fellow Certified Financial Planner Chloe Moore, who has worked with clients navigating the ins and outs of international living. Together, they shed light on the financial, legal, and emotional realities that often go overlooked.

From taxes and visas to banking, insurance, and what it really costs to uproot your life, this episode dives into the details you need to know before making a big move. If you’re serious about going global, this conversation will help you do it smarter and with fewer surprises.

Key Takeaways

• The different types of visas and what could cut your stay short

• What the U.S. tax system still requires when you earn and bank abroad

• How investing and retirement accounts are impacted by international living

• How investing and retirement accounts are impacted by international living

• How to handle foreign transaction fees, ATM charges, and money transfers

• The emotional and relational challenges of living far from home

• The importance of working with professionals to cover your bases

Links & Resources Mentioned

• Remitly – Send and exchange money internationally

• Look for credit cards with no foreign transaction fees

• Explore digital nomad insurance (note: many exclude U.S. coverage)

• Talk to a Certified Financial Planner, immigration specialist, or attorney before making the leap

• Download Lauryn’s Free Financial Resource: 5 Must-Ask Questions Before Hiring a Financial Planner

Money Quote: 

“If the grass is greener on the other side of the fence, you can bet the water bill is higher.” — Debbie Macomber

“You are the one that possesses the keys to your being. You carry the passport to your own happiness.” — Diane Von Furstenberg

About Lauryn Williams

Lauryn Williams is a Certified Financial Planner, Olympian, and financial educator passionate about helping people take control of their finances. Lauryn also hosts the Welcome to Wealth Retreats, designed to help individuals create actionable financial plans while traveling and experiencing new cultures. Learn more about her speaking services and retreats [here].

 

Follow Us on Social Media

• Follow Chloe on Instagram: @financialstaples

• Connect with Chloe on LinkedIn: linkedin.com/in/chloemoore

• Follow Lauryn on Instagram: @worthwinning

• Follow the Worth Listening Podcast: Apple Podcasts | Spotify

Connect with Lauryn on LinkedIn: linkedin.com/in/lauryn-williams