Author Topic: Any Mustachians living in Norway?  (Read 2121 times)

Linda_Norway

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Re: Any Mustachians living in Norway?
« Reply #50 on: February 05, 2017, 12:14:34 PM »
Hallo alle sammen! Jeg er da også norsk, tidlig i 30-årene, gift med et barn, og både jeg og kona er i jobb. Vi har begge vært økonomiske hele livet og hatt vanskelig for å bruke penger, og etter at jeg oppdaget MMM har det blitt enda verre.. Jeg tror i hvert fall jeg har tatt steget over i ekte gjerrighet. Målet vårt er ikke nødvendigvis RE, men vi synes penger gjør seg best på (aksjespare-)konto slik at vi kan kjøpe det vi liker best, nemlig frihet.

Et prosjekt for oss akkurat nå er bolig. Vi bor i en veldig billig leid bolig, men tenker på å kjøpe en leilighet i konas hjemby da vi kan se for oss å flytte dit en dag. Tanken er å leie ut til vi eventuelt tar den i bruk selv.

Generelle tips om utleie i Norge er veldig interessante!

Jeg er også interessert i å høre om hva dere tenker om den nye, hardere beskatningen av aksjegevinst? Det gjør jo verdien av sparingen vår litt mindre og jeg må innrømme at det irriterer litt når jeg tillater meg selv å tenke på det..

Du mener disse 28% skatt på gevinst? Det var ikke noe gøy da jeg tok ut min gevinst da vi kjøpte hus. Kanskje er det derfor at mange statser på utleie. Utleie av en del av din egen bolig er det mest gunstige du kan gjøre som jeg vet om.

Linda_Norway

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Re: Any Mustachians living in Norway?
« Reply #51 on: February 05, 2017, 12:22:19 PM »
I have a question regarding moving to Norway. Assuming everything relating to immigration works out, I want to figure out the financial aspect of the move. We will probably be moving there in 2020.

My wife does not have a college degree. I do. So here are my questions -

1. Can I move my cash in a savings account to an account in Norway? How much do I have to pay in taxes?

2. How much cash would you recommend I have at hand when we move there?

Thanks for any insights.

Hi.

When I moved to Norway as a foreigner, it took some time, 2 months, to get a bankcard. So I had to pay the shops with my foreign money. If you rent a place, the home owner will want you to put 6 months rent on a clised bank account for garantee. But you can pay with your visa card everywhere, so you don't need to transfere much.

It is not the easiest time to find a job. Calculate some time for it. I am also pretty sure you might not get financial support if you don't find a job, you being a foreigner without working history and not from Europe.

minimalistgamer

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Re: Any Mustachians living in Norway?
« Reply #52 on: February 05, 2017, 02:19:25 PM »
1) Norway has a tax treaty with the US, so I think you get taxed on your total income and wealth, no matter where it is placed or earned. These are the current taxes on wealth: http://www.skatteetaten.no/no/Tabeller-og-satser/Formuesskatt/
As you can see, if your net wealth is under 1.48 mill NOK, you pay nothing. This is per person, so you and your wife can have close to 3 mill NOK. It is normal to place money in stocks, mutual funds, or property, to avoid taxes (property isn't completely excempt, but the tax base is set artificially low, especially for your home). Our property taxes are much lower than what seems to be common in the US. There are still some places, especially in the countryside, that don't have property taxes. If you are willing to live in the far north, there is also an extra tax deduction for that.

2) Are your plans to retire here, or to work? Have you decided which region you are moving to? Are you buying a house, or renting?

Thank you for this information. I am surprised to know that property taxes are lower in Norway than in the US. This is good news for us.

I believe my wife wants to move there permanently and retire there eventually. I am 33 and she is 28. So we are still a long way from retirement. We will be moving there, and I will have to find a job there. I definitely want to buy a house in Norway when I get there. As to where I am going to live, initially, we will be visiting her parents, who live in near Bodø. I work in IT, so I will have to where I can find work. I would imagine I will be living in the south.

In your opinion, what would be minimum we should be having when we move there? I have around $30000 in cash, and around $60k in investments including retirement (can't really count this as money we can spend). Do you think that would be sufficient to establish a life there?
I paid off my mortgage! You can read the details here -
https://minimalistgamer.blogspot.com/2017/01/paid-off-our-mortgage.html

Feel free to ask any questions.

gaja

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Re: Any Mustachians living in Norway?
« Reply #53 on: February 05, 2017, 03:53:23 PM »
Since your wife is used to living in the north, you should consider trying that out. It might be just as easy getting a job there. Especially if you are willing to live rurally - the smallest municipalities have problems attracting good people. Some of them will even pay for moving costs, provide free daycare for the kids, or give you free land to build your house on. The taxes are lower, electricity is cheaper, and there are plenty of state aid if you want to start a business: http://www.huseierne.no/hus-bolig/tema/okonomi/flytt-nordover/

Getting a job in Norway takes time, and is difficult when you don't know the language. On the other side; if you have got a job, it is hard to fire you. I wouldn't move to Norway and live on savings while I'm settling. It could take a year, or even more, and it is very important to get into the system as soon as possible. Also, you might have problems staying in the country if you or your wife have no income. The current minimum income for a person who wants to bring a spouse into the country is ~300 000 NOK/year. The spouse's income can be calculated into it, and you can get her parents to offer security, but any extra questions UDI has to ask, takes many months. They have been known to mess up lives. Rules for economy: https://www.udiregelverk.no/no/rettskilder/udi-rundskriv/rs-2010-118/
Travelling southern Norway, Iceland and the Faroes in an electric car: http://travelelectric.blogspot.no/

Linda_Norway

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Re: Any Mustachians living in Norway?
« Reply #54 on: February 05, 2017, 11:41:14 PM »
IT is one of the branches where it is very common to hire people who don't speak the language. Do you have any knowledge that is hard to hire? In that case there is a good reason to hire a foreigner from outside Europe.

The safest bet financially would be to try and find a job for one of you before you actually move.

You also need to find out whether you can get an "oppholdstillatelse" (proof that you can stay in the country for longer than 3 months).

https://www.udi.no/ord-og-begreper/arbeidsgivere-ansette-en-person-som-ikke-er-eueos-borger/

https://www.udi.no/skal-soke/arbeidsinnvandring/?c=usa

https://www.udi.no/skal-soke/arbeidsinnvandring/faglart/?c=usa#link-816

Is your wife still officially Norwegian? Then I guess it is easier to get an oppholdstillatelse if she decides she wants to live here. In that case you can come on the family permit, after a certain waiting time and having an amount of money as security.
« Last Edit: February 05, 2017, 11:54:46 PM by Linda_Norway »

Linda_Norway

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Re: Any Mustachians living in Norway?
« Reply #55 on: February 08, 2017, 05:27:07 AM »

minimalistgamer

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Re: Any Mustachians living in Norway?
« Reply #56 on: February 09, 2017, 05:36:15 AM »
Thank you for your replies.

My wife is a Norwegian. Like her parents are Norwegian (descendants of vikings) and she is born in Norway. She moved to the US to be with me in 2013.

I am not a software developer, but I do work in IT as a business analyst. I am not sure if I have qualifications that are hard to find...I have a master's in Industrial Engineering, and I can learn things quickly...perhaps now would be a good time to get into software development in some manner.

I am going to show these links to my wife and have her look at them. I am going to become an American citizen in 2019, after which I can visit Norway without a visa for up to 90 days. I am hoping I can go there, and figure out how to line up a job.
I paid off my mortgage! You can read the details here -
https://minimalistgamer.blogspot.com/2017/01/paid-off-our-mortgage.html

Feel free to ask any questions.

gaja

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Re: Any Mustachians living in Norway?
« Reply #57 on: February 09, 2017, 05:58:50 AM »
I think the chances of getting a job that satisfies the immigration rules within 90 days is almost zero. Your wife might be able to, but it is risky. The hiring processes here are very different from the US; the law says that unless otherwise stated, you have to give 3 months notice when changing jobs. Most larger employers therefore plan that a hiring process will take 5-6 months. It is easier with part time jobs or lower income jobs, but they won't necessarily get approved by the immigration authorities.

Almost all available jobs are listed on https://m.nav.no/stillinger/
Travelling southern Norway, Iceland and the Faroes in an electric car: http://travelelectric.blogspot.no/

torbisen

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Re: Any Mustachians living in Norway?
« Reply #58 on: February 09, 2017, 10:04:28 AM »
Hallo alle sammen! Jeg er da også norsk, tidlig i 30-årene, gift med et barn, og både jeg og kona er i jobb. Vi har begge vært økonomiske hele livet og hatt vanskelig for å bruke penger, og etter at jeg oppdaget MMM har det blitt enda verre.. Jeg tror i hvert fall jeg har tatt steget over i ekte gjerrighet. Målet vårt er ikke nødvendigvis RE, men vi synes penger gjør seg best på (aksjespare-)konto slik at vi kan kjøpe det vi liker best, nemlig frihet.

Et prosjekt for oss akkurat nå er bolig. Vi bor i en veldig billig leid bolig, men tenker på å kjøpe en leilighet i konas hjemby da vi kan se for oss å flytte dit en dag. Tanken er å leie ut til vi eventuelt tar den i bruk selv.

Generelle tips om utleie i Norge er veldig interessante!

Jeg er også interessert i å høre om hva dere tenker om den nye, hardere beskatningen av aksjegevinst? Det gjør jo verdien av sparingen vår litt mindre og jeg må innrømme at det irriterer litt når jeg tillater meg selv å tenke på det..


Den beste utleien i Norge er leiligheten i kjelleren på ditt eget hus. Den er skattefri. Jeg leier selv ut en leilighet i Oslo som nå koster rundt 3.500.000,- opp mot 4.000.000.  Jeg leier ut for 13100,- pr mnd, kostnadene er 4000,- mnd så jeg sitter igjen med ca 6500,- etter skatt hvis jeg ikke har noen fradrag. Det er 78624,- i året eller stusselige 2,24% av 3.500.000,- (såvidt mer enn bankrenta hvis du lånefinansierer dette). Så lenge prisene stiger kan du tjene endel kroner, men leia blir dårligere og dårligere pr krone investert. I 2000 kostet den 1.000.000 og jeg leide ut for 7000,- mens fellesutgiftene va rundt 2500,- mener jeg å huske. Så med mindre prisene stiger så er det ikke så god butikk :-(.

minimalistgamer

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Re: Any Mustachians living in Norway?
« Reply #59 on: February 09, 2017, 11:33:57 PM »
I think the chances of getting a job that satisfies the immigration rules within 90 days is almost zero. Your wife might be able to, but it is risky. The hiring processes here are very different from the US; the law says that unless otherwise stated, you have to give 3 months notice when changing jobs. Most larger employers therefore plan that a hiring process will take 5-6 months. It is easier with part time jobs or lower income jobs, but they won't necessarily get approved by the immigration authorities.

Almost all available jobs are listed on https://m.nav.no/stillinger/

I see. Well, in that case, I am going to have ask my wife to figure out a way to get there. She wants to be join the university...but I don't think I am up to it. I have already spent a better part of my life is school. I don't think I will ever be motivated to do any more studying for the sake of passing exams. Besides, I enjoy working and earning money way too much.

So yeah, I am going to have to ask her to come up with a way.
I paid off my mortgage! You can read the details here -
https://minimalistgamer.blogspot.com/2017/01/paid-off-our-mortgage.html

Feel free to ask any questions.

torbisen

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Re: Any Mustachians living in Norway?
« Reply #60 on: February 10, 2017, 03:21:40 PM »
Hallo alle sammen! Jeg er da også norsk, tidlig i 30-årene, gift med et barn, og både jeg og kona er i jobb. Vi har begge vært økonomiske hele livet og hatt vanskelig for å bruke penger, og etter at jeg oppdaget MMM har det blitt enda verre.. Jeg tror i hvert fall jeg har tatt steget over i ekte gjerrighet. Målet vårt er ikke nødvendigvis RE, men vi synes penger gjør seg best på (aksjespare-)konto slik at vi kan kjøpe det vi liker best, nemlig frihet.

Et prosjekt for oss akkurat nå er bolig. Vi bor i en veldig billig leid bolig, men tenker på å kjøpe en leilighet i konas hjemby da vi kan se for oss å flytte dit en dag. Tanken er å leie ut til vi eventuelt tar den i bruk selv.

Generelle tips om utleie i Norge er veldig interessante!

Jeg er også interessert i å høre om hva dere tenker om den nye, hardere beskatningen av aksjegevinst? Det gjør jo verdien av sparingen vår litt mindre og jeg må innrømme at det irriterer litt når jeg tillater meg selv å tenke på det..

Du mener disse 28% skatt på gevinst? Det var ikke noe gøy da jeg tok ut min gevinst da vi kjøpte hus. Kanskje er det derfor at mange statser på utleie. Utleie av en del av din egen bolig er det mest gunstige du kan gjøre som jeg vet om.


Har det ikke alltid vært 28% skatt på aksjegevinst? Jeg prøverå se positivt på det, det er hvertfall lavere enn de 50% jeg betaler på all ekstra lønn over 5-600000 (husker ikke hvor grensa går). Dessuten låner vi jo gratis og skattefritt mens vi bygger opp formuen. Det er jo en bonus. Ingen skatt før uttak. Blir mye investert gratis lån etterhvert.

fireyfive

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Re: Any Mustachians living in Norway?
« Reply #61 on: February 12, 2017, 04:56:19 AM »
Looks like a much smaller community here!  Will keep my eyes open for opportunities anyway...

Linda_Norway

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Re: Any Mustachians living in Norway?
« Reply #62 on: February 12, 2017, 01:51:58 PM »
Looks like a much smaller community here!  Will keep my eyes open for opportunities anyway...

Yes, this group is still small. I hope it will grow in time. Are you Norwegian or Norway-interested?

Linda_Norway

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Re: Any Mustachians living in Norway?
« Reply #63 on: March 17, 2017, 03:21:08 AM »
On TV this week (on Forbrukerinspektørene) they showed some statistics on which group of Norwegian people had the most consumer debt. That were "the adults". I expected it to be the students.

They also mentioned how much consumer debt Norwegians have. On average, each Norwegian has 25.000-50.000 NOK in consumer debt! This answer completely shocked me. I have the impression that there are lots of people in this country with a LOT of money. That means that everybody else must have an even higher consumer debt.

And I always thought that consumer debt was something just a few people with bad economy control had...

https://tv.nrk.no/serie/forbrukerinspektoerene

Vasco Da Lama

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Re: Any Mustachians living in Norway?
« Reply #64 on: March 19, 2017, 05:41:29 PM »
Heisann! Så det er her dere er? xD Tenkte bare å si hei. Gledelig å finne noen norske Mustachians!

Hvor vanskelig er det å FIRE i Norge, tenker dere? Utfordringen må jo være de utrolig høye boligprisene noen steder. Men hvis man unngår byene så burde det jo være mulig å bo ganske billig. Kanskje til og med et minihus. Får man på den måten frigjort et par millioner, så utgjør det jo fort nesten et tiår mindre i cubicle'en. Jeg kommer nok til å flytte meg ut på landet etterhvert når det nærmer seg FIRE. Ser for meg et lite hus hvor det er deilig og stille med flott utsikt og nesten ingen trafikk. Ahhhhh. :) Omtrent som hytta til Walden, kanskje.

Linda_Norway

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Re: Any Mustachians living in Norway?
« Reply #65 on: March 20, 2017, 12:51:58 AM »
Heisann! Så det er her dere er? xD Tenkte bare å si hei. Gledelig å finne noen norske Mustachians!

Hvor vanskelig er det å FIRE i Norge, tenker dere? Utfordringen må jo være de utrolig høye boligprisene noen steder. Men hvis man unngår byene så burde det jo være mulig å bo ganske billig. Kanskje til og med et minihus. Får man på den måten frigjort et par millioner, så utgjør det jo fort nesten et tiår mindre i cubicle'en. Jeg kommer nok til å flytte meg ut på landet etterhvert når det nærmer seg FIRE. Ser for meg et lite hus hvor det er deilig og stille med flott utsikt og nesten ingen trafikk. Ahhhhh. :) Omtrent som hytta til Walden, kanskje.

Hei, velkommen.

Vi har også bosatt oss utenfor byen. Da kunne vi kjøpe mye mer hus for pengene. Og om du klarer å finne det huset som andre ikke vil ha, kan du få det billig. Noen klarer å bo billig i en markehytte og fortsatt jobbe i byen. Vi må pendle med tog. Å pendle koster rundt 1500-1700kr per måned per person og en del kan trekkes fra skatten. Jeg tror det fortsatt lønner seg i forhold til boligprisene i byen. Utenfor byen er det fint mulig å finne steder som er stille og rolig, men du må lete godt. Støy fra veier høres ganske langt.
Vi har ved å bo relativt billig spart ca en halv million i året. Vi hadde 2 gode inntekter. Og det var uten å være spesielt bevist på sparing. Ja, vi vil i hvert fall slutte å jobbe 10 år tidligere. Jeg tenkte å finne et sted på landet etter hvert, der det er billigere. Og reise mye på billig måte (telting).
« Last Edit: March 20, 2017, 12:53:41 AM by Linda_Norway »

Linda_Norway

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Re: Any Mustachians living in Norway?
« Reply #66 on: March 23, 2017, 05:43:51 AM »
Jeg kan anbefale denne podcasten:

http://www.dinepenger.no/pengeradet/

Den som handler om kundekort er veldig konkret om hvordan du kan spare på dagligvarer. Morsomt å høre at programlederne og er litt Mustachian i sine handlevarer.