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Currently, they are offering 30 EUR or just opening an account and creating a bitcoin wallet. (8 Euro from me after registration is completed)
Yo do not need to deposits money or do any transactions
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How to Purchase Dogecoin in 2021

How to purchase and store Dogecoins as of January 29 of 2021
A few ground rules/notes:
​
How to buy Dogecoin
Note 1: Before diving in, all services listed below are third parties. This forum, as well as myself, are in no way affiliated or associated with these parties.
One of the most straightforward ways to obtain Dogecoin is by purchasing a different cryptocurrency on Coinbase such as Litecoin or Ethereum (or a stablecoin such as USDC) and then using Changelly to quickly and efficiently exchange it for Dogecoin. Coinbase itself does not allow you to purchase Dogecoin. This is why you have to use Changelly to swap another cryptocurrency for Dogecoin. More information on how to use Changelly can be found here.
If Changelly isn't currently allowing Dogecoin swaps (which happens frequently and sporadically), the next easiest option for obtaining Dogecoin is a mobile app such as Voyager. Voyager does not require verification and instantly allows you to purchase Dogecoin and other cryptocurrencies seconds after signing up. However, Voyager appears to be imposing a brand-new waitlist and does not allow transactions from New York State.
Dogecoin can indeed be purchased through popular trading app Robinhood. However, falling trust for the platform advocates for using other methods to obtain Dogecoin. It's worth noting that Robinhood does not allow you to move Dogecoin off of its platform. This tends to be the case with almost any mobile app for cryptocurrency purchasing. This means that you cannot send Dogecoin from Robinhood to a wallet or exchange. Unfortunately, this leaves you at the mercy of Robinhood. Additionally, Robinhood recently updated it policies and no longer allows instant deposits--even with its gold membership. This means that after initiating a deposit, you have to wait a minimum of 4-5 days no matter what before obtaining Dogecoin.
​
Mobile apps that allow you to purchase Dogecoin:
Please note that some of these mobile applications do NOT allow you to withdraw balances to personal wallets.
​
Dogecoin can be obtained with fiat currency in the USA through:
​
Dogecoin can be purchased with fiat currency in the EU via:
​
Exchanges that allow you to trade other cryptocurrencies for Dogecoin inside the USA:
​
Exchanges that allow you to trade other cryptocurrencies for Dogecoin outside of the USA:
​
How to store your Dogecoin
I highly advise that you use the official Dogecoin wallet. However, there are countless other places capable of storing your Dogecoin and other cryptocurrencies. Exodus is also a fantastic wallet for storing Dogecoin as well as countless other cryptocurrencies. Additionally, Exodus has a built in swapping feature that allows you to trade tons of different cryptocurrencies for Dogecoin. If the Dogecoin official wallet requires too much disk space, you may find that the lightweight Multidoge Wallet is more suitable. However, I only recommend the lightweight wallet as a last resort--as it is harder to configure and may require more of your time.
Note 2: Please allow your Dogecoin Core wallet to fully synchronize before depositing your Dogecoin. Depositing Dogecoin before synchronization can cause the wallet balance to be incorrect. You can significantly speed up the process of wallet synchronization by downloading the Bootstrap for Dogecoin and placing it inside your Dogecoin Wallet data directory. To download the Bootstrap and view instructions on how to place it in your data directory, click here. Please note that the Boostrap file is pretty large--clocking in at just over 12GB.
Note 3: When setting up your wallet, you'll be presented with a private key. Never ever share this key with anyone. This key is essentially your coins. If you lose this private key, you will lose your Dogecoins.
​
Official Dogecoin Wallets:
​
Other cryptocurrency wallets:
​
Mobile Dogecoin Wallets:
​
Enjoy guys. I hope you have a safe and successful time getting yourself some fresh Dogecoin. If you have any advice or additions for this post, feel free to comment them and I'll add them. Stay safe everyone. To the moon guys!! 🚀
​
Previous How to Buy Dogecoin (outdated)
​
Sincerely,
-Clancy
​
  1. Edit 1/29/21 9:00AM EST: Changelly removes support for Dogecoin. Voyager added as next easiest option. Binance added to purchase list.
  2. Edit 1/30/21 1:30AM EST: Added a list of apps that allow the purchase of Dogecoin (Blockfolio being the latest and greatest). Added information regarding the hellstorm of bottle-necks and verification restrictions imposed by trading platforms recently.
  3. Edit 1/30/21 9:57AM EST: Added Uphold to mobile app list. Changelly re-enables Dogecoin swaps. Removed Webull from mobile app list. Changed minor wording & spacing.
  4. Edit 1/30/21 12:04PM EST: Added additional ticker "XDG" in opening statement. Changelly temporarily disables Dogecoin swaps once again.
  5. Edit 1/31/21 11:20AM EST: Added AnchorUSD to mobile app list. Added stablecoin USDC to suggested Coinbase/Changelly swap options.
  6. Edit 2/1/21 9:50AM EST: Added a note under the mobile application list stating that they are closed ecosystems. Added Guarda and Cash App to mobile app list. Added Bittrex to USA fiat currency purchasing list.
  7. Edit 2/2/21 3:26PM EST: Added Dogecoin Wallet Bootstrap information under Note 2.
  8. Edit 2/7/21 11:17PM EST: Added Robinhood to mobile app list. Changed Blockfolio info to "allows withdraws to personal wallets."
  9. Edit 2/8/21 3:40PM EST: Updated Uphold info to "allows withdraws to personal wallets." Updated Voyager info to "allows withdraws to personal wallets but does not support Dogecoin withdraws."
submitted by Clancy-2 to dogecoin [link] [comments]

My thoughts and experiences after 5 years in Switzerland as an expat.

This might not be of much practical use to most of you, but I though it might be interesting to see the experience of an outsider. Especially as I am one of those evil anti-smoking expats that the community at 20min warned you about.
Originally posted here.
EDITED I clarified a few points that came up in the comments. So if a comment looks like they didn't read the text they actually did.
It is now just over 5 years since I (32/male) moved from the UK to Switzerland. There have been many surprises along the way. I moved here with a 1 year temporary contract and had vague plans to work, see the country at weekends, and then move on elsewhere after. During this time I have moved house, moved job, been unemployed for a few months, explored the country, met and worked with Swiss people from various parts of the country and Expats of various backgrounds, oh and gotten married to a Swiss person.
This is not an all out guide (there are plenty of those), more my reflections and a few lessons learned.
I have posted before after 1 year and after 2.5 years.I have also written pretty extensively about travelling here and Switzerland in general – an overview post of all that is here.
---Resources---
I came in knowing practically nothing other than a frantic check of anything I needed to do to avoid being kicked out.
  • The book “Living and Working in Switzerland : A Survival Handbook” by David Hampshire, is very useful.
  • Various dedicated websites with more serious official information sem.admin.ch, and Ch.ch, and to an extent websites like SwissInfo.
  • Various websites with more unofficial but helpful information. The EnglishForum.ch is a treasure trove of information and experiences. But there are endless other places like Newlyswissed, and Swiss and Chips that vary between useless fluff and very useful info.
---Why and how---
  • I did a PhD in the UK and as I was finishing it up and looking for a PostDoc I basically just got a job here in a place I had never heard of through chance by a chain of contacts. I had been looking to move abroad but for some reason Switzerland had never occurred to me.
  • Initially I arrived on a 1 year contract with Firm A, with the strong likelihood of it being extended to 2 years. It ended up as 2.5, by which time I was moved in with my girlfriend and I was set on sticking around. Job hunting was slower than I expected, so before starting on a new position at Firm B I applied to unemployment benefits for what turned out to be just a month (not sure I need to be so secretive really, but why not).
  • I basically just moved with my laptop and as much clothing as I could fit in a 60L backpack. I didn’t botheforgot to declare anything (not that I brought anything of any value with me).
  • I got lucky with housing, but that could have been the biggest problem. Initially I had been expecting to stay at a flat rented by the company for a month or two until I found my own place. This got cancelled at the last minute and I found myself trying to find a flat to move straight into. In the end I staying at a hostel for a week and moved into a shared flat found through WGzimmer.ch before the end of the week. There are not many shared flats where you can quickly jump in compared to the UK, and applying for a flat of your own often feels more like applying for a job or dating with the process dragging on for much longer than the “You like it? OK pay the deposit and sign here” method in the UK. Starting early and getting help from your company is certainly advisable there. The only time I ever use my Dr title is on job and housing applications.
---Bureaucracy, Rules, and Paperwork---
I had feared this would be a slow and complicated torture, but to date this has all been very quick, easy, and painless. In large part probably because I had a job already, I was an EU citizen, and I had an address lined up quickly. I know it gets more complicated for non-EU citizens.
  • Dealing with the local authorities has always been fast, efficient, and friendly. Other than collecting my residency permit every so often when a contract has been renewed I have only had to deal with them very periodically, but any phone call or visit has taken no more than 20 minutes with very little waiting. This might just be because I live in a small city – maybe in Zürich or a tiny village it is different.
  • I had a slight delay in getting my permit and bank account activated as I waited for the landlord to approve my place as subtenant and give me a contract for proof of address (despite the fact I was already living there). This didn’t create any problems, my firm just gave me an envelope stuffed with bank notes for my first payment.
  • Setting up a PostFinance bank account was easy (even with a language barrier then). 20 minutes of filling in a form and showing a few documents.
  • Despite the reputation for rules and order I have not noticed much difference to life in other industrialised western countries. If anything it is more relaxed in many ways. There are some stricter rules like having to use pre-taxed bin bags or minimal noise on a Sunday, but these are mostly reasonable enough. It is nice not hear endless lawn mower engines on a Sunday afternoon. The only rule that seems pointless is having to tie up paper in a perfect bundle for recycling. Maybe if I ever try and build a house or plan an extension the rules will get more complex and painful.
  • You are supposed to swap your driving licence within a year, or unable to drive in Switzerland and be made to repeat the test again if you want a Swiss licence. I didn’t apply at first given that I never intended to drive here or stay much longer at first. When I did apply after 2.5 years through the standard process (just to see what would happen) I actually did just get given a Swiss licence without being asked to go through the whole testing process.
  • The mandatory health insurance is easy enough to set up with all the big companies offering English support. I have mostly done the bare minimum I need to do here and have yet to start being truly Swiss and chasing the best deal every year. The cost is painful, but the health care system has always been efficient and effective for me.
  • Tax was originally paid at the source (as is standard for foreign workers up until you are on a C permit) which made life very easy there, but now being married and treated as a combined legal entity I am paying tax through the standard method.
  • Going through the marriage process was also easy. Being an EU citizen marrying a Swiss citizen helped. There was some confusion when they asked for a statement from the UK govt saying I was not married as this apparently has not been given out in years, but a quick chat resolved that problem. A British friend who married a non-resident Russian had a much harder time.
---Money---
  • I make roughly 100k CHF per year. This is more than decent by Swiss standards. Given my education and experience I could get more in another firm/position here, but I am happy with my workplace and would be very reluctant to give up my scenic riverside commute by bike.
  • Saving money has not been a problem. Even bearing most of the household costs with a studying partner. Not having a car, pets, kids, or eating/drinking out much helps there. My main non-essential expense is the general train pass and food/accommodation costs for weekends around the country.
  • The high prices take some getting used to at first, but when you work here it isn’t so bad (once you learn to stop converting them back to your native currency). The positive side is that when you leave Switzerland everything is suddenly so cheap.
--- The Swiss ---
I like the Swiss.
  • I have never had any problems with the Swiss; despite the number of comments I see online bemoaning the fact that whilst Switzerland is a beautiful country it would be terrible to live in as the locals hate foreigners. I have never had a moment of hostility and experience less general rudeness than I would expect back home in the UK (even with language/culture barriers to push the patience).
  • I am however white, from a north-western European country which doesn’t have many expats in Switzerland, and educated (outside the expense of the Swiss people). So I am probably not going to be the target of much racism or xenophobia.
  • Whilst not the warmest people in the world there is a certain friendliness, especially in informal situations. Put a Swiss person in the countryside and they will be friends with anyone. In rural restaurants especially sharing a table with strangers and saying hello/goodbye to everyone there as a whole is standard practice.
  • I am amazed by how relaxed and trusting they can be. Once for example whilst eating outside at a quiet restaurant I asked for the bill and a coffee, the owner left the restaurant wallet on the table with me and went to get the coffee. Likewise I went to a bike shop I had never been in before, said I was interested in quickly testing a 3000 CHF mountain bike and they just handed it over and told me to have fun - no request for ID or anything.
  • I am also more on the introverted side so a quieter and orderly country is probably more my sort of place than some of the commenters.
---Making friends---
My friendship group is a mix of Swiss and other expats. It is easier to integrate with other expats, though I find that the younger generations of Swiss are much more open than the old jokes of knowing a Swiss person from birth or for 40 years to be their friend would suggest.
Moving in with a Swiss man of my age right away made this much easier. I basically got an instant friend and guide to all things Swiss.
---Language---
I have written fairly extensively about Swiss-German before. Though I do like Swiss-German and I much prefer High-German with a Swiss accent to the standard German High-German.
  • I had some very basic German in the distance past from school. Then started learning before I arrived. Now I am B2/C1 with German and (very slowly) working towards A2 with French, with the aim of having at least some very basic Italian.
  • Oddly even living in a German speaking area it can be hard to use it, especially now not being out and about much. My work is in English and it is conducted between workers in German or whatever language most people in the meeting speak (which is typically English), my home life is mostly English as I met my wife when I didn’t speak much German and we got too used to speaking English together.
  • I didn’t need to get a language certificate (still don’t really). Partly I put it off thinking I would wait until the next level, and partly that the grammar and me are not friends. In the end the updated rules for my canton meant I needed evidence of my language skills to get a C permit rather than just staying on the B. So I have finally taken and passed the TELC B2 exam for German which more than covers everything I need (including citizenship). Long term I am thinking about aiming for certificates for C1 in German, B1 in French, and A2 in Italian – but those would just be to help set goals rather than be requirements.
  • The Swiss are very patient with language. I got one or two comments from shop workers that I should learn German if I was going to live here at first – but nothing that felt like it had any bad intention or resentment to it. If anything I have a problem getting the Swiss to speak German with me, many of them will switch to English as soon as they get a hint of my accent. I expect that in a touristy area like Interlaken, but it happens everywhere from the butcher to a remote farmhouse restaurant in the Jura. I am never quite sure if they are being polite, want to practise their English, or can't stand the idea of dealing with High-German.
  • As noted above English is very widely spoken.
  • If you live in a city and work in an international workplace then knowing the local language isn’t really needed. Once you have a flat and bank account all the interaction you need is self-service machines at the supermarket (and even those you can set to English). Though I certainly don’t recommend doing that.
  • It is natural to think that everyone here speaks German/French/Italian fluently (and maybe some Romansch), but that is far from the case. Some do have all 3, many are fluent in 2, but very often English is the preferred common language outside of their mother tongue. Likewise the way the language regions tend to have very hard borders without much overlap was a bit surprising at first. I often find that French speakers would rather (or can only) speak English rather than German.
  • Being in a country with multiple languages will never get boring. Especially somewhere that actually is bilingual like Biel where it isn’t uncommon for a shopkeeper to forget what language they were speaking to you in and switch from German to French.
---Surprises---
  • Those bastard fancy landscape photos didn’t show the fog did they? From September to February temperature inversion means that much of the low lying middle of Switzerland can be sat in/under a thick fog. How bad this is varies by location; some places barely get any whilst others turn into Silent Hill for weeks on end. Already shorter winter days can be shortened by hours as the light is swallowed. The plus side is that above the fog you get super clear views, but it gets depressing after days of daily life sat inside it.
  • The country is much livelier than I expected. The stereotype of a grey serious place might have been true decades ago but certainly isn’t now. Especially in summer there are constant music festivals, lively bars, and flotillas of people floating down the rivers in inflatable flamingos. Granted it still isn’t Latin America.
  • I was not prepared for Swiss-German, my then basic German knowledge didn’t stand a chance. I have been working on this and managed to put together as comprehensive collection of resources as you are likely to find anywhere for Swiss-German.
  • Sometimes it feels like being back in time. Shops close early (or don’t open at all on Sunday) and at some cinemas they pause the film and have a 10 minute intermission. Things that went away in the UK before I was born.
  • The Swiss love to shake hands. For me they are something for the first time you meet someone, or maybe for professional acquaintances you see infrequently. Not for everyone in your group of friends at the start and end of the evening. Kids shaking hands with the teacher everyday is still a strange concept to me.
  • The Swiss see summer as BBQ season in a way that makes the Aussies look like amateurs. I have seen people lighting up fires on tiny balconies in Zürich to BBQ on.
  • How much there is outside of the Alps. Maybe it was my ignorance before, but I was surprised by how many beautiful spots there are even in the topographically boring parts of the country.
---My Swiss Achievements---
  • Aromat on the table.
  • Making a fire in the countryside to roast a cervelat.
  • Phoned the police to lodge a nose complaint (the Bünzli award). It was 2am on a weekday and the 5th night in a row. I haven’t started to phone the police because my neighbour sneezed too loudly on a Sunday (yet....).
  • Raclette grill and Fondue caquelon in the kitchen.
  • Waking up at 3am for the Morgestraich in Basel and tolerating other parts of Fasnacht like bands outside my window at 2am on a Tuesday morning.
  • Swimming and floating in lakes and rivers during the summer.
  • Visiting more places in Switzerland than most Swiss people I know. A new country is always more interesting than your own backyard in fairness.
---Why I am still here---
I certainly never thought I would be here 5 years later, but I am very happy to still be around.
  • It is a beautiful and safe county with nice people, high quality services and infrastructure. Having put in the effort to understand the culture and learnt the language is an incentive too.
  • I keep finding work. The Swiss level income is a nice bonus, but it really isn’t the thing that is driving me to stay here. I am not very career driven, so long as I have enough money to enjoy myself and find the work interesting enough I am happy.
  • The thing I would find hardest to give up is the freedom of the landscape. The extent of the paths and smaller roads around the country that are open to anyone is amazing. Making it so easy and carefree to get out and anywhere, especially by foot or bike.
  • It is much more varied than you would expect. Both in landscape and culture there is plenty of different things to see and take in so there is always something interesting to do.
  • I also dislike driving, so the extensive public transport system is fantastic.
  • The self-service machines in Supermarkets are actually used in addition to normal checkouts rather than a replacement. And they actually trust you and don’t weigh your goods and shout at you if anything is 1g out of place. It might sound like a strange point to be so happy about, but compared to the UK shopping experience these days it is so nice.
---What I dislike---
Not much.
  • Less smokers and more Australian like rules on smoking would be very nice (eg: no smoking in areas where people are eating, including outdoors). It would be nice to sit down on a terrace at a restaurant and not worry if a chain smoker is going to sit down at the table next to you.
  • I still have problems quickly picking the right coin out of a pile of change. Why half of them have to be so similar is beyond me, especially when the notes are so vivid and clear.
  • More exotic food and longer shop opening times would be nice (seeing the supermarkets closed at 18:30 was a hell of a shock at first) but I have gotten used to that. I don’t demand 24 hour shopping, but until 20:00 would be fantastic.
  • Jobs are mostly advertised without a salary, which you then discuss in the interview. For me at least this is rather awkward.
---Regrets---
  • Not getting a language certificate earlier.
  • Not joining a social club. I have looked but nothing has taken my fancy.
---Changes with time---
  • I have gotten too used to the landscape. I still admire the view from the train window, but it is never as special or exciting as during the first few months.
  • My town has seen a dramatic increase in English speakers. Mostly due to the growth/arrival of a few big MedTech firms.
  • E-bikes are increasingly everywhere. I had never seen one before I arrived and was surprised to see them all over town back in 2015. Now they are all over the countryside too with mountain E-bikes being very common in places that were previously only the domain of the most hardcore riders.
  • The climate seems to be getting warmer and drier every year. The amount of snow in the flat land isn’t that different to the UK these days.
  • The amount of rubbish and anti-social noise (especially blue-tooth speakers) seems to be getting worse. People seem especially unable to bother carrying their empty cans and disposable BBQ with them from the riverside during summer. The increasing number of people (not even just teenagers) who need an absurdly loud speaker at all times is sad, thankfully it isn’t common in the countryside (yet).
submitted by travel_ali to Switzerland [link] [comments]

I'm 35 years old with a joint income of $490k, live in New York, and work as a program manager

0️⃣Section Zero: Background
Hello, MD! I hope you're all doing well, and are safe and healthy. I've gone back and forth for a while about whether I should share my money diary. I signed up to do one last year to chronicle our home buying process but chickened out (I'm so sorry mods!). I was worried I'd be judged for what I spent money on, not having a college education, or what might be perceived as frivolous habits. I don't know. Internet strangers terrify me. But I'm finally sharing this money diary because I want this to be a data point: you can have a career (or two!) without a college degree.
Was there an expectation for you to attend higher education? Did you participate in any form of higher education? If yes, how did you pay for it?
I moved to the US right before entering elementary school. I spent half my childhood in a simple four room shack with no running water or electricity (mom's side of the family) and the other half in a large house with a nanny and domestic help (dad's side of the family). From a young age I was told that college was chance at a better life and I believed it -- not going to college wasn't an option. My mom completed a healthcare related degree in our home country but she couldn't practice in the US. My dad dropped out of college in our home country due to his work as a student protester. Both of them worked blue-collar jobs to support our family and were always working. As with just about every parent, they wanted more for me.
I was accepted to a top ranked private university but didn't get a sizable scholarship so my parents and I took out loans, separately, to fund my tuition. I dropped out halfway through my sophomore year due to poor mental health stemming from an assault. No one knows (except for my fiancé and now, internet strangers) the real reason why I left school.
Did you worry about money growing up?
Yes. My parents never talked about their money struggles with me, but I knew money was always tight. After my youngest brother was born, I remember how excited I was to find a jar of peanut butter in our cupboard. We hadn't had any for a while. It had a "WIC" sticker on it and I didn't know what it meant at the time. My parents never talked about receiving government support but I'm thankful that we had a safety net available to us when we needed it most.
At what age did you become financially responsible for yourself and do you have a financial safety net?
I started paying my parents rent to stay in my childhood bedroom when I moved back home. I didn't pay for groceries or to use one of their cars, which was nice. I was about 21 when I was completely on my own. My parents and I had a falling out over me dating a much older man who I'd come to learn was very abusive. There were a few months where I slept on a friend's couch because I barely had money to feed myself. My early 20's were rough. But if I were to go completely broke now, my parents would be there to help me. They're doing much better financially.
Do you or have you ever received passive or inherited income? If yes, please explain.
No. I've never received an inheritance or any other passive income.
Finally, a note on Erik: he also doesn't come from money or finish his college degree. He immigrated to the US less than a decade ago and does not receive or provide monetary support to his mom or dad.
1️⃣Section One: Assets and Debt
Combined net worth: $3.7M
Combined brokerage balance: $2.14M $317,587 (mine) + $1.82M (Erik)
Combined retirement balance: $195k $116,300 (mine) + $78,700Erik). We're behind on funding our 401ks. I finally convinced Erik to take advantage of his employer match program two years ago. He was concerned about the ease of withdrawing funds since we plan on living outside of the US when we retire.
Joint checking account balance: $111k We have a lot of cash on hand right now because we need to prepay income taxes, and will be furnishing our place.
Equity: $1.42M We put 40% down on a 2 bedroom/2.5 bath condo (<1,200 ft2) in a new construction last summer. Our down payment came from the sale of some of Erik's RSUs.
Mortgage: $1.61M For our financial situation, an interest-only mortgage made sense. We have a 2.35% APR 7/1 ARM since we don't intend to stay in NYC longterm. Our plan is to pay off the remaining mortgage in full after five years and either sell the condo or hold onto it as rental property.
Combined credit card debt: $0 We pay off our credit cards in full every month. We put between $6k - 20k on our cards every month in a typical year. He's also the authorized user on my credit cards; I added him to my accounts about six years ago to help him build his credit file since we knew we'd eventually buy a place together.
Combined student loan debt: $0 I finished paying my student loans two years ago. Erik received free tuition as an EU resident but had some cost-of-living loans which he's paid off.
2️⃣Section Two: Income My fiancé and I ended 2020 with a total cash compensation (base + bonus) of $493,750 but with last year's vested RSUs, our overall compensation is:
Mine Erik
Base $131,250 $268,750
Bonus ~$13,125 ~$80,625
Vested RSUs $121,500 $835,500
Total Compensation $265,875 $1.18M
Income Progression I don't recall my salary increases so I'm listing my starting base salary for each role. I'm also not including additional compensation such as bonus or RSUs.
Main Job Monthly Take Home
Deductions Mine Erik
Retirement 15% of paycheck to Roth 401k 7% of paycheck to 401k
M/D/V under Erik's employer; my employer also provides free M/D/V but we would have different providers covered by his employer + $~250 for mine
Life insurance and AD&D covered by my employer covered by his employer
Short & long term disability covered by my employer covered by his employer
Net monthly take home $7,000 $10,00
3️⃣Section Three: Expenses This is what our YNAB budget roughly looks like (for annual expenses, I set aside an amount per month towards the expense):
Housing
Transportation These would be significantly higher in normal times. We rarely leave our place and if we do, we walk.
Entertainment
Donations: $10,000 annual We donate to Children International on a monthly basis. The remaining amount is donated throughout the year to different causes. Last year, we supported AIDS research, mental health and addiction support, food banks, and international food programs.
Hobbies:
Fields
Savings & Finance
Food & Drink Pre-COVID, we'd budget $3,000 to a "Restaurant", increase "Cafes & Bars" to $1,500, and decrease "Delivery & Takeout" to $1,000.
Wedding: TBD Our original budget was $75,000 (international, <50 people). We've had to reschedule it twice now and have already spent $10k in lost deposits and rescheduling fees. We'll re-evaluate our budget later this year when we start planning again.
4️⃣Section 4: The Diary
Day 1: Monday | Total: $111.84
8:00am - First day back from holiday break for both Erik and me. He's still snoozing so I turn on the bedroom TV to see if our dog is still sleeping too. We adopted a senior dog, Fields, over the summer and quickly became one of those dog owners that installed cameras everywhere so we can watch him anytime, anywhere. Fields is still asleep so I check my work accounts and respond to anything urgent.
8:30am - Normally, this is when I'd take Fields for his morning walk while Erik makes our coffee. But our espresso machine is broken so we can't use it until the replacement parts arrive next week. Erik and I both start getting dressed to take Fields for a walk together. Before that happens, I take the dog outside to relieve himself and we quickly head back to the apartment for his breakfast.
9:30am - We walk to our favorite coffee spot in our neighborhood and get our usual: cortado with whole milk for Erik, cold brew with a splash of oat milk for me, and a breakfast BLT to share. We walk back to our apartment and get to work. $23.69
12:30pm - I take Fields with me to pick up our lunch at Sweetgreen: a kale caesar salad (hold the tomato and swap for the blackened chicken) for me, and a hot honey chicken plate for Erik. $27.71
4:30pm - Erik and I are dire need of coffee. We take the dog for another walk, this time to our other favorite coffee shop. The decor is very IG-friendly and their coffee is fantastic. I get their matcha latte with oat milk, Erik gets a cortado with whole milk, we split an avocado toast with smoked salmon, and Fields get a whole lot of snacks for being a good boy while he waits for our order to be ready. $29.95
4:45pm - We walk past a cute mochi ice cream shop that I've been meaning to try. I pick up eight mochi ice creams: ube, chocolate hazelnut, passion fruit, mango, and some seasonal flavors. $30.48
5:00pm - We get home just in time to feed the dog. His food is laughably expensive but we think it's worth it and most importantly, Fields is worth it! He's the best dog and we want to spoil him during his final years. Especially since the poor pup was returned to the shelter twice within a year. I can't imagine giving up this sweet old guy.
9:00pm - I log off work and head down to our building's gym to workout. I've been working with a trainer through the app, Future, and like it so far. Pre-pandemic, I was in really good shape as I was training for a half marathon and our now-postponed wedding. Since the lockdowns started, my healthy eating habits and will to workout has gone down a very messy spiral. I do a mile run on the treadmill followed by a set that includes split squats and deadlifts. Ouch.
10:15pm - I walk into the apartment to find Erik's made dinner from yesterday's leftovers: tacos! I quickly eat two tacos, then tidy up the kitchen while Erik takes Fields out for his last potty break before bed.
10:45pm - I rinse off in the shower and start my nighttime routine. Erik won't see me for another 45 minutes, at least. Tonight, I use a dermaroller on my arms and legs before rubbing in vitamin C lotion. While the lotion dries, I start on my face: facewash, essence, serum, niacinamide and azaleic acid, eye serum, and all topped off with a nighttime cream cream. This is a typical nighttime routine for me.
11:30pm - Finally in bed. We put on a Netflix comedy special while I finish my routine in bed: foot cream, hand cream, and cuticle oil. Erik is browsing on the iPad looking for pots and planters. We call it a night just after midnight.
Day 2: Tuesday | Total: $199.41
8:30am - We're both really tired. I want to lay in bed a little longer but Erik has a call at 10am and we need coffee. Since his pants are on first, I convince him to take the dog outside so I can get ready. He agrees. I put on sweats and prepare Fields' breakfast.
9:15am - We walk to a cute Australian coffee shop and order: a cortado with whole milk for Erik (it's the only thing he drinks), a cold brew with oat milk for me, and share one of my favorite breakfast sandwiches. It's got prosciutto on it and a perfectly runny egg! $23.58
12:45pm - I lost track of time and forgot to order lunch. I place an order at Chop't: avoketo chicken club salad sans tomatoes for me and a kebab cobb wrap for Erik. Once it's ready, I take Fields with me to pick it up. $25.67
1:15pm - While eating lunch, I order Ess-A-Bagels to be sent to two girlfriends across the country as very belated Christmas gifts. I meant to send them their gifts earlier but they've had family visiting them and I wanted to make sure they got to enjoy their gift. I know they both really love Ess-A-Bagels and wouldn't be too keen to share. $213.90 - $100.00 AMEX offers credit = $113.90
3:00pm - That salad was not enough. I pull a Daily Harvest mint + cacao smoothie from our freezer to make a smoothie with oat milk and split it with Erik.
4:30pm - Ok, we really need coffee. We head back to cute IG-friendly coffee shop we went to yesterday and order the same drinks but skip the sandwich. $12.74
4:45pm - On the way home, I tell Erik that I need to eat something more substantial. I was feeling hangry. We stop by our favorite mediterranean cafe. I order a kebab bowl and Erik gets the kebab sandwich. $23.52
5:15pm - We get home just in time for me to get ready for my last meeting of the day and feed Fields his dinner. Today, he gets lamb and red quinoa.
8:45pm - My trainer has a run scheduled for me today but I'm so tired; I don't think I slept well. I message my trainer to tell her I'm taking the day off but will make up the run tomorrow!
9:30pm - I catch up with some girlfriends on the west coast over text while watching an old Dateline: Secrets Uncovered episode. I remember we have mochi ice cream and eat two of them. This is a great night.
10:30pm - I need to sleep earlier tonight since I need to get a run in tomorrow morning. I have a Morpheus8 appointment at 11am and I can't workout after that.
Day 3: Wednesday | Total: $290.44
8:00am - The alarm goes off and I yell at Siri to stop. I roll back over and snuggle Erik. The run isn't happening.
9:00am - I receive a call from the clinic where I get my Morpheus8 done. My esthetician has a family emergency and can't make the appointment. I'm secretly excited to reschedule for a later date since I have a face lipo, neck lipo and buccal fat removal procedure in exactly a week. I know, I know. Scheduling procedures so close to each other isn't the smartest idea, but I wanted to finish my Morpheus8 series before more invasive procedures. To get the kind of results I wanted, I needed three Morpheus8 sessions booked about a month apart. Today was supposed to be my last one.
9:20am - Walk Fields with Erik to get our usual coffee order and split a bagel with smoked salmon, alfalfa sprouts, picked red onions, chili and dill. $27.85
3:00pm - During our team meeting, my director asks me if I've seen the news. I grab my phone to look at the news and feel my anxiety spike as I learn that the Capital is actively being breached. I know my mental health is going to take another hit after this. Instead of working, I doom scroll the rest of the day. I also realize that salad isn't going to cut it for lunch. Not today. I need something more comforting and warm. We decide on Chinese food: ma po tofu and black pepper beef with a lot of fluffy white rice. $64.52
4:45pm - It's time for my sort-of monthly nail appointment. I go every three weeks to this amazing salon that specializes in nail art but they're also superb at taking care of your nails. I pick a sunny yellow color to offset the shit that happened this afternoon. They're pricey ($75 + $20 tip) but my nails and cuticle beds have never looked healthier. I also buy a ceramic cuticle pusher tool ($15). $114.40
7:15pm - I convince Erik to meet me at our neighborhood pizza spot to pick up dinner. We order: a pepperoni Sicilian slice, Hawaiian slice, ham and cheese calzone, and four slices of cheese, root beer and diet soda. $46.65
8:30pm - While scrolling through IG, I see a dermatologist use snail extract for her NuFace. I've been meaning to buy more NuFace gel and this seems like a good cost-effective replacement. I find the same bottle on Ulta and add an eyeshadow brush to get free shipping. I'm project panning my eyeshadow palettes so this will be a fun new tool to play with. $37.02
12:00am - Bedtime.
Day 4: Thursday | Total: $112.13
8:00am - Same routine as the days before: get dressed, take Fields out, give him breakfast, and head out for our family walk.
9:00am - Another day, a new cafe. We order our usual coffees, and split a breakfast sandwiche: herb omelette on a toasted baguette slathered with spicy aioli and topped with bacon. $27.22
9:15am - I realize that I dropped Erik's credit card somewhere between the cafe and our apartment (I didn't bring my wallet so I asked Erik for his card at the cafe). I call the cafe and ask if they'd seen it; they hadn't. And just as I'm about to call the bank to cancel the card, the cafe calls back -- someone found it on the sidewalk and turned it in! We thank them for following up and tell them we'll pick it up tomorrow.
1:00pm - I wake Fields up from his nap so we can walk to get our usual Sweetgreens order. $27.71
7:00pm - Erik and I take Fields on a walk to pick up Thai food for dinner. We order beef pad kee mao, shrimp tom kha soup, chicken pad thai, and mango with sticky rice. $51.75
9:00pm - While reconciling this week's expenses, I see that my Sephora credit card payment was returned and I was charged not only a late fee, but a finance charge! I signed up for the Sephora card over the holidays to take advantage of their cash back program and this was my first payment to them. I go on the website to investigate what happened and find that I missed entering a "0" to my linked bank account. I call their customer service rep to explain everything. I ask her if she could waive the late payment fee ($35) and the finance charge ($5.45) if I paid the balance in full. She said she's able to waive the late payment fee but not the finance charge. I thank her for her help and hope this doesn't affect my credit score too much. $5.45
12:00am - Zzzzzzz.
Day 5: Friday | Total: $245.56
8:00am - Same morning routine as yesterday.
9:00am - Same breakfast routine as yesterday but add additional tip since they held onto Erik's card. $28.67
12:00pm - Wake Fields up from his nap for a quick walk to Just Salad. I get a chicken caesar salad while Erik gets a chicken poblano salad. $23.70
7:10pm dinner - Friday's are our date nights. Before the pandemic, we'd get dressed up and go out for a nice meal and spend quality one-on-one time. These days, we usually order in fancy sushi and watch a movie. Between us, we order 19 pieces of sashimi and nigiri like uni (my favorite), zuke, wagyu, and tamago. $193.19
10:30pm - As soon as Erik gets back from taking Fields out, we pile onto the couch to watch Jurassic Park.
1:00am - Sleep.
Day 6: Saturday | Total: $375.24
9:00am - It's a late start to the morning. After feeding Fields, we walk to pick up breakfast. We get our usual coffee order, a bagel with smoked salmon and a chocolate croissant. $34.12
1:20pm - I saw someone post in a cooking subreddit about seasoning that a local restaurant uses on their wings. Of course I google the restaurant and get hungry from looking at their photos. I end up ordering lunch from them: wings (of course), coconut crab curry, shrimp chips and chili jam, thai iced tea, and khua kling. It was all delicious but holy cow everything was so spicy. Definitely will order from them again though! $93.40
3:45pm - I see a notification pop up for a charge on our card. I assume it's something for Erik's current house project (building our custom closets). I ask him about it and it's actually a router extender. $125.85
8:00pm - We've been missing Mission-style burritos lately and haven't found a good replacement in New York yet. But we did find a restaurant that makes delicious Mexican food. I get two spicy pork tacos and one al pastor taco, Erik gets a spicy pork burrito and a mandarin Jarritos, and we split a large chips and guacamole. $49.87
10:00pm - While browsing Reddit), I see someone post decants for sale of fragrances I've been meaning to try. Fragrances were a serious hobby of mine for a while, to the point that I hired a fragrance "fixer" on a Paris trip to take me around the local shops. I've since scaled back my collecting and have been focusing on learning to differentiate scents better. $72.00
11:00pm - Goodnight!
Day 7: Sunday | Total: $134.57
9:00am - Another late start to the morning. We do our morning routine with Fields and walk to get breakfast. This time, we head back to the cafe that found Erik's credit card. We get our coffees along with the herb omelette baguette with bacon. $27.56
12:00pm - There's some leftovers from yesterday's very spicy lunch so we eat that for lunch. I think the food might actually be spicier today.
6:00pm - I FaceTime with a girlfriend on the west coast who shares some amazing life news. Her and her husband are moving from the west coast! While I'm sad they're not moving to New York, I'm thrilled that they'll be closer to us and that she has an amazing new role. This is a huge win for her career and I'm really proud of her.
9:40pm - We realize we haven't had dinner. We both want something much less spicy so we order in Italian: caesar salad, pasta alla gricia, and a spicy vodka pasta. $107.07
11:00pm - We owe a response to our wedding planners about our wedding date. Do we move forward with a summer 2021 (originally summer 2020) wedding or do we postpone another year? I have strong feelings about trying to hold a destination wedding in the middle of a pandemic. I don't want to put our friends and family at risk since we won't know when vaccines will be widely available. But Erik is worried that his dad won't make it to 2022 since his dad already isn't in the greatest health. We agree on a new game plan: we hold off on our wedding celebration until 2022. In the meantime, we'll travel to his dad as soon as it's safe and get married with him in attendance. I email the wedding planners our decision to postpone (again) and go to bed.
5️⃣Section 5: This Week's Total & A Brief Reflection
Food & Drink $1,000.57
Fun & Entertainment $0.00
Home & Health $125.85
Clothes & Beauty $223.42
Transport $0.00
Other $119.35
GRAND TOTAL $1,469.19
This was a pretty normal spending week (during the pandemic) for us, minus all the coffee trips due to our broken espresso machine. I know we spend a lot on food and we're okay with our level of spend, for now. It gets us out of the house, gives us a reason to take Fields out for a walk and explore the neighborhood, and allows us to support our favorite spots. My goals for this year are to increase the amount we put into investments and learn more about tax-efficient strategies.
Apologies for any and all typos!
EDIT: typos and a few words
submitted by tyrannosauruscub to MoneyDiariesACTIVE [link] [comments]

FAQ Megathread - Compilation of all possible questions you may have about NEXO

Table of contents:

General Information about Nexo

What is Nexo?

Nexo delivers the The World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world. Up to this very moment, no alternatives existed for digital asset owners to enjoy their crypto wealth except selling them. The innovative model of Nexo brings to the crypto community the best of both worlds - retaining 100% ownership of their digital assets while having immediate access to cash.

What are Instant Crypto-backed Loans?

The Instant Crypto-backed Loans are an automatic, flexible and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets. The whole process is completed in just a few simple clicks. No hidden fees, no capital gains taxes, no credit checks. Transparency is guaranteed through the use of blockchain technology, smart contracts and algorithmic processes executed by the Nexo Oracle.

Notes for US (United States) Customers

How can I buy NEXO?

Currently, until the Exchange comes out, you will have to use a third-party platform to purchase NEXO. You can use the following:

How is Nexo connected to Credissimo?

Nexo is powered by Credissimo, a leading FinTech Group serving millions of people across Europe for over 10 years. Credissimo has always operated under the highest regulatory requirements and strictest supervision by multiple European Banking and Financial Services Regulators. Now the same Team and its Board of Advisors, empowered by the ever-growing community of Nexo supporters and the enormous demand for the Instant Crypto-backed Loans, are unlocking the value of the digital assets in a rapidly expanding token economy that will alter the very fabric of a $5 trillion dollar market.

Who are the Nexo Founders?

Nexo was founded by the Credissimo team who have been in business for over 10+ years and awarded as one of the top 100 Financial Tech companies in Europe.

What happens when NEXO doesn't have enough cash to loan out?

They can't loan out without raising money, of course. So either they have to loan themselves with better terms, raise money through other means, or steadily process the loans facing a supply drought and customer loss. I could imagine that it would be technically legal for a certain % of the collateral to be sold, just like banks are not required to keep 100% of their customers cash in liquid form, but I have quite frankly no clue how this applies to nexo and crypto assets.

What happens to the deposited BTC/ETH if NEXO fails? Who holds the private keys to them coins?

Since nexo is properly registered in the EU, and given the EU's tendency to protect customers rather than company's, Id honestly assume we would have a novelty court case over this issue, with the expected result that the collateral has to be given back out, if it is still available. But as it often happens in crypto, if the coins are sold illegally its hard to reverse that kind of damage, and its even more tough to access them if they were sent to another wallet. I do not really think that there is a reasonable possibility of this happening without nexo deliberately destroying their business/turning criminal, because of the nature of this business and the contracts, and I would assume that not turning criminal is a much, much more profitable strategy in the long run, because nexo is well positioned to assume dominance in this market for what we know so far.

What happens if people fail to pay back the money, but at the same time the deposited BTC/ETH loose value and are not able to cover the loan amount any more? (With people then realising their collateral is valued at less then the money they have to pay back, thus being incentivised towards defaulting rather than paying back to get their crypto.)

If the collateral does not cover the loan due to falling prices, the loan agreement as far as I know will be automatically terminated, with the collateral held in the nexo account. The customer must either default through the prices not covering the loan amount, or with failure of payback itself, its not really possible that both the customer fails to pay back the money AND the collateral declines in value below the worth of the loan unless the market crashes so spectacularly that the collateral cannot be automatically sold. However the outcome is technically the same, nexo itself does not lose money if the client defaults (unless prices crash faster than nexo is able to sell, or the volume is gone, et cetera., which I think at this point is relatively unreasonable to assume.), and I think the "take a loan -> buy more crypto -> take more loans" scenario is incredibly unreasonable given that you can easily margin-trade with much higher leverage and less trouble than what nexo could loan out to you, so I dont assume loans are being taken for actual crypto investments, I rather think people believe in the collateral assuming value and see it as a locked up investment with extra short term utility

How is NEXO profitable?

Lending is the most profitable crypto market segment. Businesses are now parking their idle cash with crypto lenders. This trickle will soon become a flood. Nexo is arguably the most profitable lender. NEXO made ~$20 mill profit last year, paying a $6mill dividend.

Is Nexo trustworthy?

Considering that the founders of Nexo are some of the same people behind Credissimo an established successful award winning FinTech Group founded in 2007 which is still around gives gives me reassurance that my coins are somewhat safe. At the end of the day we're all taking a risk here. I'd be very surprised if Nexo just runs off with all our money in the process tainting all the work they've put in from Credissimo to here. It is poor that they haven't done much to reassure us that our crypto/money is as secure as they say but they have a track record that seems to speak for itself. Not many other defi platforms can do the same and we are seeing that almost every second day with the hacks occurring in the ecosystem.
There are actual people behind this thing that we can hold accountable. People who have Forbes articles written about them. People who have been on the news. I'm not saying it's still not possible for a security breach but again their track record seems to speak for itself.

What happens to my assets if NEXO goes under?

In the unlikely event that Nexo goes under, yes, your money is gone. There is no insurance in the world that covers something like that I'm afraid. It's the same for Cel, CDC, or any wallet provider.. remember, not your keys not your crypto. There is always a risk.

How can NEXO afford such high interest rates?

Simple, they borrow your money for ~8% and they lend it out for ~11.9% (no loyalty, this used to be 24.9% but I guess they changed it because it made them look like loan-sharks).
The concept behind Nexo is to make Crypto as liquid as possible for clients. Instead of selling crypto you can temporarily supplement it for a small loan.
Their average loan is well above the 5.9% minimum and more people are using the service to borrow rather than lend.
They are profitable, but don't expect the stablecoin interest to remain at 8%-12% long term, it's to attract new customers! Just like Crypto.com did.
One thing to note, the business model is SOLID, but only in a stable or bullish market. If for some reason Crypto market tanks, then it'll be an issue.

What happens if the market crashes?

The Loan-to-Value (i.e. ~50% for BTC and ETH) is dynamically determined by the Nexo Oracle algorithms, depending on the current and historical volatility and market liquidity of the asset. If the assets decrease significantly in value and you do not contribute additional assets to your Nexo Wallet after receiving a warning from the Nexo Oracle, Nexo may initiate small liquidations to cover any insufficiency.

Buybacks

Nexo announced a Buyback, has it been done, how can I track it?

The buyback has started, it seems like they are doing the buyback bit by bit instead of the full amount all at once. They purchase these tokens from the open market, where there is liquidity (Huobi for instance). You can check how many tokens have been bought back so far here: https://etherscan.io/address/0x1C433CBF4777e1f0dCe0374d79aaa8ecDC76B497#tokentxns

License and Regulations

Is NEXO compliant with the SEC?

Yes: https://www.sec.gov/Archives/edgadata/1732097/000173209718000004/xslFormDX01/primary_doc.xml

Could SEC investigate NEXO the same way they did with Ripple (XRP)?

Nexo is registered and compliant with the SEC when they did their ICO (Initial Coin Offering), there is nothing to worry about.

What is NEXO's insurance?

Nexo use BitGo (https://www.bitgo.com/) as their cold storage provider. This includes a $100m policy that covers third-party hacks, theft, loss of keys, etc.
The safety of clients funds is the main priority for Nexo. Cold storage Wallets are provided by BitGo, the leader in digital asset financial services. BitGo Custody carries $100,000,000.00 in insurance protections through a syndicate of underwriters through the Lloyd's, the world’s specialist insurance and reinsurance market. And this premium service comes in at no additional cost (details can be found here and here).
The $100 million policy covers digital assets where the private keys are held 100% by BitGo in the event of:
  • Third-party hacks, copying, or theft of private keys
  • Insider theft or dishonest acts by BitGo employees or executives
  • Loss of keys
Nexo has chosen BitGo as its custodian because BitGo provides 100% cold storage technology in bank-grade Class III vaults and the BitGo platform is SOC 2 Type 2 certified. Advanced authentication mechanisms are employed to ensure the authenticity of data, and assets are distributed geographically and organisationally.
It is the account holders’ responsibility to safeguard their accounts by means including but not limited to using a strong password, enabling two-factor authentication and controlling all login credentials to Nexo. Clients remain owners of the crypto assets placed into Nexo accounts.

Why is their insurance only for $100m if they have $4B+ in assets under management (AUM)?

They don't keep the all of their assets in the one wallet.
Their custodian, BitGo, keeps funds in many smaller wallets - the likelihood of all those wallets being hacked at the same time is something approaching zero.

Is there details on Nexo's bank license?

Not yet, Nexo is not a bank yet, but it's possibly coming soon, as they just switched banks to IBS Lithuania UAB. (Not announced but since Lithuania gave Revolut a bank license it's very possible!)

What does an ISO/IEC 27001 certificate mean?

Nexo’s information security management system (ISMS) has been successfully audited by CISQ, a member of IQNet and the world’s largest provider of management system certification, and by RINA, who have decades of experience in certifications, ensuing in an ISO/IEC 27001 compliance certificate. This guarantees that Nexo's security infrastructure is of the highest standard and carries minimal risk to clients and investors thanks to rigorous security policies, impeccable risk assessment, data protection, and state-of-the-art cybersecurity.
Nexo’s ISO/IEC 27001 certificate was issued to it's Estonian entity, the subject of this certification is Nexo’s information security management system, rather than a specific registered entity. As such, it is irrelevant which Nexo entity the certificate was granted to.
Please also note that information provided on www.nexo.io is valid for all Nexo services and operations, as the aggregate of companies within the Nexo group. These include entities registered across the globe, all of which are fully compliant with local regulations.

Licenses and links

License: https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1898755
License: https://mtr.mkm.ee/juriidiline_isik/236278/valjavoteEdit?tulemus=Tegevusluba
SEC: https://www.sec.gov/Archives/edgadata/1732097/000173209718000004/xslFormDX01/primary_doc.xml
Estonia's Business Register: https://www.teatmik.ee/en/personlegal/14520507-Nexo-Services-O%C3%9C
Estonia Approval (Allows operations to all non-estonians): https://www.fi.ee/sites/default/files/2019-03/20190304%20Hoiatusteade%20Nexo.pdf

Interest / Earning with your Crypto assets

I transferred my assets yesterday and have not gotten any interest yet???

You get your first interest payout the day AFTER you deposit. This is normal, to avoid people cheating the system.

I am not getting my 10% interest!

It may not be clearly explained within the app, but in order to get the full potential for rates, you need to max your loyalty level as well as get paid in Nexo. Depending on how much NEXO is part of your portfolio, your loyalty level changes, so to achieve Platinum, you must have at least 10% of your crypto portolfio in NEXO. The bonuses for each level are as follows:
  • Base = 5%* on Crypto, 8% on Fiat/Stablecoins
  • Silver (1-5%) = 5.25% on Crypto, 8.25% on Fiat/Stablecoins
  • Gold (5-10%) = 5.5% on Crypto, 9% on Fiat/Stablecoins
  • Platinum (>10%) = 6% on Crypto, 10% on Fiat/Stablecoins
Crypto = BTC, Etherium, etc.
Stablecoins = USDC, Tether, etc. Fiat = Euro, GBP.
They get converted to their equivalent stable coin after depositing!
All % are PER YEAR NOT DAILY OR MONTHLY.
Remember, you get paid extra if you decide to receive interest in NEXO and not in-kind (same asset, so BTC to BTC for instance). This bonus is not available for US customers.

Example of interest earned:

Assuming you have 1 BTC in your Savings Wallet on NEXO, you would accumulate 5% per year if you do not hold any Nexo as well. 6% if you hold 10% worth of a BTC as Nexo in your account.
And additionally 2% more if you choose to receive the interest in Nexo and not BTC, so then it would be 7 or 8%, but this is not available for US customers.

I am not getting my 7% every day?!!!

Just like pretty much everything in this world, interest is shown PER YEAR. This means, you get 7% per year, not per day. ANY company, regardless if it's crypto or not, that tells you you can even make 1% back per day, is a ponzi / scam (unsustainable business).

How do I calculate what I should get % per day?

Simplified, and not 100% accurate, but very close, you should take the spot price of the asset at the moment of daily payout, multiply it by your loyalty / bonus level, and divide it by 365.
A more advanced, accurate calculation would be as follows (thanks to masashi_t):
Example: BTC interest is 6% in-kind and 8% in NEXO.
If you choose to earn in-kind, take into account of compounding interest, it would give you [(1+0.06)1/365-1]*100 = 0.0159% per day, or 6% APY
If you want to earn in NEXO instead, you will get (0.08/365)*100 = 0.022% per day, or 8% APR.
BTC and NEXO are both appreciating assets, you are free to pick which one you think will give you a better return in the future.

Small note regarding compounding interest:

The daily interest rate you receive for the like-kind reward already takes into account the fact it compounds to end with the stated annual interest rate. The interest rate you see for like-kind reward only is achieved if you keep it for 365 days. If you keep it for a lesser time, you actually get a lower interest rate.
I am not sure why this isn't mentioned in the app, as far as I know.

I am not getting back interest on my NEXO assets?

You do not get interest on NEXO token assets you hold in NEXO. Instead, you get dividends. Nexo give out 30% of their profits back to their customers that hold nexo tokens. Read this article for more information.

Do my assets on Nexo get locked-up / stake period?

NO! Unlike, CDC Crypto.com, you do not need to lock in your assets with Nexo, you can withdraw them at any time.

Do I get interest on my collateral?

Any assets in your Credit wallet do not get any interest, so you can not borrow 0.5BTC with 1BTC as collateral and make interest on the 1BTC at the same time. The only asset that "technically" makes % while being in the Credit wallet is Nexo tokens, where you get dividends regardless of which wallet the tokens are in.

Dividend

What is a dividend?

To "reward" loyal customers who support the project and Nexo token itself, Nexo have decided to do (yearly*) dividends, this means they give 30% of the benefits (profits) the company earned since the last dividend back to the nexo holders. Based on how many tokens you have and knowing there is currently a fixed supply of 560 millions tokens you can calculate what % you should get. Furthermore, they have an extra "bonus" for those who have held onto the tokens for a long time. This bonus is small, but it helps differentiate those who are holders and those who purchase nexo tokens before a dividend to cash in. Read the question below about frequency.

How regular are dividends, when is the next one?

So far, dividends have been yearly, in August. There have been mentions from Nexo that they'd like to do it more regularly. As any business/stock that do dividends, the price of the token/stock decreases drastically after dividend payout. Do not be alarmed.

Do US customers get dividends?

Yes, but paid out in BTC. EDIT: Apparently, you can receive it in NEXO as well, but you must be an accredited investor. Read this

Do I need to verify/kyc to receive dividend for my NEXO tokens?

Yes, advanced verification is necessary.

Where do I need to hold NEXO Tokens, in order to receive dividends?

NEXO Tokens must be held/staked in your Nexo account (doesn't matter if it's in the Credit or Savings Wallet) at the ex-dividend date. The ex-dividend date will be communicated in advance.

Competitors

CELSIUS vs NEXO

Summarized: Celsius do a much better job at engaging with their customers, and their token CEL has performed better than NEXO, however, NEXO appears much more professional (imo of course), by taking things slowly but surely. Everything works perfectly, everything is tested, no downtimes, no trash-talking by the employees. CEL at this point seems like a cult, Nexo seems like a business.

Why is CEL so high compared to NEXO?

Visibility, marketing? Various reasons. IMO looking at their trading volume, its VERY low. If even a small-sized whale decided to sell their bags, it would crash. Basically, it's artificially inflated due to low liquidity.
Also keep in mind, Coinmarketcap and Coingecko show incorrect Market Cap data for Celsius. You can see the real value by visiting the Celsius website. It will crash soon, and hard. Again, my opinion.

Frequently asked questions:

Are there any airdrops/giveaways/freebies?

No. There are currently no giveaways. If you get contacted via Facebook, Twitter, Telegram or anywhere else, it's a scam. The only "giveaway" that is currently running is the fact that you can win 100k Nexo tokens for voting for which coin should be added next to the platform (You can do this via the app, on the home screen, scroll the top banners to the right until you find the one about voting.)

When will the Card (Crypto Credit Card) be released?

There are no official announcements yet, but all we know that is it currently in a private beta. A select few European (non UK) customers have been given cards to test the upcoming platform.

When will the Exchange be released (Buying and selling crypto within the Nexo app/webapp)?

Just like the card, there is no official news yet. All we know that there are a select few IOS users who have been given early access to test the functionality of this exchange. Currently, users are reporting a 1.5%~ spread on the exchange, which is quite high.

How long does Verification/KYC take?

Generally, it takes about 2 business days, although lately with the increase of users signing up it can take a big longer. If you don't hear back after a week I'd suggest contacting their support.

Support is not answering my emails?

One tip is to go on their website, open the live chat and type in "speak with human" "talk to agent" "human" to get transferred to a real person.

Are deposits and withdrawals free?

Yes, withdrawals are completely free, although deposits depend on which exchange you use to send your assets to Nexo with.

Difference between CREDIT and SAVINGS wallets

You must take into account that you have TWO wallets per asset within the Nexo platform. One for SAVINGS, which will give you interest on any assets you hold in it, and one for CREDIT which is basically your collateral, which you use for taking out crypto-backed loans.

Will Brexit affect UK customers?

There is no official information so far.

Does NEXO have a bonus/referral system?

No, you can not get $ or bonus for referring other users right now. The only thing you can do is share a link to the CARD page, to increase your position in the waiting list.

When are payouts made?

Usually around 12:00AM UTC, daily!

What coins are accepted as collateral?

BTC, ETH, XRP, LTC, XLM, BCH, EOS, LINK, TRX, stablecoins, PAXG, NEXO and BNB. More information

What is Collateral?

Collateral is crypto assets you would put up for a loan (if you don't repay they will sell it to cover the default). You do not earn interest on crypto that you use as collateral. If you are not borrowing from Nexo then your funds are held in a "savings wallet" where it can earn interest until it is either moved off the platform or used as collateral on a loan.
Nexo tokens do not earn interest the same way as other tokens, but do provide dividends from the profits of the company.

What are the loan-to-value (LTV) rates?

A Loan-to-Value (LTV) ratio is an indicator representing the size of a loan compared to the value of the assets securing the loan.
The Loan-to-Value percentages of each asset are dynamically determined by the Nexo blockchain oracle algorithms, depending on the current and historical volatility and market liquidity of the asset.
More info

How many confirmations does my transfer need?

  • BTC deposit require a minimum of 6 confirmations
  • All ERC20 deposits (ETH, PAXG, NEXO, USDT, TUSD, USDC, PAX, DAI) require 50 confirmations
  • LINK deposits require 40 confirmations
  • XRP (Ripple), XLM (Stellar), BNB, NEXO BEP2 and EOS - near-instant
  • BCH deposit requires 16 confirmations
  • LTC deposit requires 6 confirmations
  • TRX (Tron) deposit requires 20 confirmations

How can I find a list of important announcements, information?

https://support.nexo.io/hc/en-us/sections/360002501674-News-and-Updates-2020
On the sidebar, you can go back to 2018.

When will NEXO be listed on Coinbase?

It's very unlikely, because they are considered competitors. Furthermore, Nexo token is very clearly a security, based of the dividend payments and now the buyback program, these big exchanges aren't licensed to deal in securities, hence they will not list Nexo.

Will the (possible) upcoming bill regarding regulating self-hosted assets affect US NEXO customers?

No, Nexo is not self hosted. BitGo is their custodian.

How often does NEXO add new coins?

Not regularly at all.

Can NEXO be mined?

There is a fixed circulating supply of Nexo, the remainder the Team have said are locked until TBA.
So there isn't a dilution, as there are no new Nexo created - the dividend paid in Nexo needs to be bought from existing circulating supply by the company in order to be paid to holders.

Important information

NEXO's Roadmap?

  • Banking license: Nexo is trying to either acquire a company or get their own banking license (like Revolut and Monzo) so they have more flexibility in their operations. It would be a huge step for a crypto company to get this and shows their ambition
  • Credit Card: This will be similar to CDC and they'll offer generous cash back incentives of 2% when you get your credit card.
  • Referral Scheme: Currently Nexo has done this massive growth without incentivised referrals, and when they turn this tap the company can likely see a lot of users pouring in for their great savings rates and crypto credit lines. But take a moment to think.. who do you trust more, a company that acquirers users based on their services/product, or a company that gives out bonuses to those who promote/spam their product..
  • Exchanges and more Coins: The ability to exchange crypto within the eco system will go a long way to keeping users within the system. The plan is to let users buy and stake virtually any legitimate crypto asset.
And with this massive roadmap, the core principle they started with by sharing back with the community, they keep everyone's incentives aligned.

Where can I view statistics and information about Nexo?

https://nexologist.com/
https://nexostatistics.com/
https://www.hodlfire.com/go/hf-sheet/

How can I compare the earn rate of Nexo vs BlockFi/Cel/CDC/...?

https://blockscompare.com/

Important reads:

Liquidations: https://medium.com/nexo/why-liquidations-are-needed-and-how-they-protect-us-all-9d426ac70dc2
AMA from the Co-founder Antoni Trenchev: https://youtu.be/LBTrd8C5n1c
Nexo Help Center: https://support.nexo.io/hc/en-us/categories/360000766354-Nexo-Help-Center
Whitepaper: https://nexo.io/assets/downloads/Nexo-Whitepaper.pdf

Telegram Communities

Official Telegram
NEXOnians
NEXOnews
NEXOstatistics

Small thanks?

Took me quite a while to gather and write all of these if something is missing please let me know! Feel free to get me a beer if you'd like :)
(NEXO): 0xa6a87d29c362d63df60cf7667cacdfe411ee30e0
submitted by PM_ME_SMALL_BOOBIES to Nexo [link] [comments]

Get £10/€15 with Skrill for transferring money to yourself

Skrill, a well-known money transfer service that's rated "excellent" by Trustpilot, is offering a bonus of £10 (or €15 if you're in the EU), applied as a discount to your first transaction. You'll need to transfer at least £100 (€150 for EU) to another country with a different currency, but this can be your own account. If you need a EUR account to send to, you can easily open one for free with Bitwala or Transferwise!
Steps:
  1. Sign up through this link. (non-ref link, no bonus)
  2. Make an international transfer of at least £100 (€150 for EU). E.g. send £100 to your foreign EUR account. You'll see the £10/€15 discount applied before you pay for your transfer (so you'll pay £90 and receive £100 in Euros deposited into your EUR account).
  3. Pay for your transfer with debit or credit card, both are fee-free.
  4. Your transfer will be delivered to your specified bank account within 2 business days.
Any questions, just ask!
submitted by One_Refrigerator to beermoneyuk [link] [comments]

Get £10 on Luno when you buy crypto for £100 (instantly withdrawable)

Luno is a great cryptocurrency investment platform. And the best part about it is that you can get FREE £10 if you deposit and buy Bitcoin for £100.
This promotion also works in the whole EU. You get €15 when buying crypto for €250.
Here are the steps:
  1. Sign up on Luno through this link: https://www.luno.com/invite/W4ZWCU ------ Non. ref. (no bonus)
  2. Verify your phone number and your identity with your Passport/ID/Driver's License. It shouldn't take more than 30 minutes in the daytime.
  3. Enter the code W4ZWCU in the rewards "Rewards" page. If it says "This type of promotion code can only be applied once per person" it means that the system has already accepted the code during signup, so don't worry.
  4. Click 'Buy BTC' and buy the Bitcoin for £100. The fastest way is by Visa card. Otherwise, you can do a bank transfer. Note: It doesn't work with Revolut as they don't cooperate with crypto-related companies.
  5. Buy Bitcoin for £100 and wait until you get the bonus of £10. It will be added to your Bitcoin wallet in a few minutes.
  6. Sell Bitcoin, click "Withdraw" and transfer the money to your account. You can also use Luno Exchange https://www.luno.com/en/exchange to trade it back to GBP/EUR or transfer your Bitcoin to any other exchange and withdraw it from there to save a bit on the fees.
The withdrawal took less than a day for me.
submitted by juliusbag to beermoneyuk [link] [comments]

Get easy £10 on Luno when you buy crypto for £100 (instantly withdrawable)

Luno is a great cryptocurrency investment platform. And the best part about it is that you can get FREE £10 if you deposit and buy Bitcoin for £100.
This promotion also works in the whole EU. You get €15 when buying crypto for €250.
Here are the steps:
  1. Sign up on Luno through this link: https://www.luno.com/invite/W4ZWCU ------ Non. ref. (no bonus)
  2. Verify your phone number and your identity with your Passport/ID/Driver's License. It shouldn't take more than 30 minutes in the daytime.
  3. Enter the code W4ZWCU in the rewards "Rewards" page. If it says "This type of promotion code can only be applied once per person" it means that the system has already accepted the code during signup, so don't worry.
  4. Click 'Buy BTC' and buy the Bitcoin for £100. The fastest way is by Visa card. Otherwise, you can do a bank transfer. Note: It doesn't work with Revolut as they don't cooperate with crypto-related companies.
  5. Buy Bitcoin for £100 and wait until you get the bonus of £10. It will be added to your Bitcoin wallet in a few minutes.
  6. Sell Bitcoin, click "Withdraw" and transfer the money to your account. You can also use Luno Exchange https://www.luno.com/en/exchange to trade it back to GBP/EUR or transfer your Bitcoin to any other exchange and withdraw it from there to save a bit on the fees.
The withdrawal took less than a day for me.
submitted by juliusbag to beermoneyuk [link] [comments]

In light of the paycheck posts, I'm a 10 year E-5 that broke 200K NW this year.

I wanted to do one of these since the bullshit post a few months ago from some E-6 claiming to be a millionaire with completely unrealistic numbers, but felt like waiting until I hit my 10 year mark/end of (normal) year. Coincidentally, these DFAS news and the paycheck posts made this even more relevant so I just wanted to share my journey with whoever is interested. Some of the numbers are from memory, but they're not going to be off by much.
I will say that while some of my situations were definitely lucky, some were also very stupid or unfortunate financial events that I've managed to recover from. Also, although we do NOT have kids, we do have a dog that we currently spend ~$200/mo on just allergy shots and food. It's a long post, but I'll hit up the different years and milestones I made in bold so it's easier to skip through stuff.
Also, although I am married, I was usually on the hook to pay for more of the expenses and our NW (retirement/savings) ARE separate and not included in MY NW numbers for this purpose.
BMT/Tech school - Nov 2010-May 2011:
NW: -15K
I came in on November 2010 (6-yr enlistee) as an E-2 due to college credits with roughly 15K in debt. During BMT/school, I had my brother sell my car for ~$5K that I put towards that debt. Unfortunately, I had no clothes that were made for the winter, and no entertainment for myself, so I bought a new wardrobe, a gaming laptop, a new phone and some other small purchases. Along with going out for food/drinks on occasion (we were at an Army base that had literally green meat as "steaks"), I ended up spending at least $3K during the total 7 months, but was steadily making progress on my debts. Got to my base as an A1C thanks to the 6 year thing.
NW: ~ -$6K
First base, year one May 2011-12:
As I got to my base I realized that I definitely needed a car. Being a car guy, I wanted something fun, but I also knew I wanted to be semi-responsible. I cringed at the notion of getting a corolla or civic, and ultimately bought my brother's car - a 2003 G35 that he bought brand new - for 12K that he demanded I get full insurance coverage for. We get along, so we worked out a payment plan and no banks were involved. I was paying him $500/mo and another $100 or so towards insurance every month because I had a few accidents on my record. To note, the car has lasted me until this year with less than $3K of total repairs to include all oil changes and the one tire change I did throughout my time of ownership.
I was eating out at least weekly for lunch and would usually do a dinner a couple times a month. I stayed away from clubs as it wasn't really my scene, but I drank at least one beer a day. I also flew home for every long weekend in the first year, which was pretty pricy and stupid in retrospect.
I had decent credit since my mom put my name on a credit card a few years ago, but I knew I needed to keep working at it, so I opened a discover card which all of my expenses (electronics, clothes, food, etc) went on that I paid off in full every month.
I knew that I should start putting money towards my retirement, so I also started a TSP (Roth was not available at this time) and was putting in about $100/mo which ballooned to a whopping $1K.
Paid off all my debts I had before I joined, but still had a little over $7K of the car to pay off and the rest was revolving debt that I paid off every month.
NW ~-6K
First base, year two May 2012-13:
I was able to get off base early (just over 1 year of being in the dorms) and got a place with someone I was friends with to pocket the difference in BAH. I bought a $1K mattress and other furniture that set me back a bit, but I was able to pay for it immediately. My rm and I got along well at first, but he was a few years younger than me and that age difference definitely started to show itself. After a few months, I had enough and asked him to move out around October. My rent was now $300 OVER my BAH. After paying for it for a couple months, I had a friend visit me for a month that chipped in the rent difference and ended up having my GF move in that did the same. I paid off my previous debts, but still owed a couple thousand on the car. I also started getting into scotch, picking up $1-200 of scotch every month (on top of the craft beer). Lastly, I got an off base gym membership that included tennis and a year round pool that cost me nearly $100/mo. Stupid expenses... but at least they made me happy.
Knowing a strategic language, I was told to take the language test and passed, getting me an additional $400/mo, although after taxes was closer to like 350 which basically allowed my scotch and gym expenses.
I stopped contributing to the TSP and instead went with the Roth IRA (remember, no Roth option in the TSP at this time and we weren't getting a match anyways) and I maxed out my Roth IRA for the year 2012 instantly.
NW ~+$5K
Deployment & moving May 2013-June 14
I got picked up to deploy at the end of May and was very excited. I also put on SrA just as I arrived. I bought a newer laptop that cost over $1K for that deployment specifically. Since I was living off base, I was able to put my stuff in storage to bank the BAH (~900/mo) and I was getting all of the hazard and tax free pay which totaled to be about 4K/mo. I had everything going into the SDP that I can and maxed it within 4 months. The rest I put in to max my Roth IRA for 2013.
Upon return, I moved to a far cheaper apartment that let me save ~$300/mo on BAH, but bought a new phone, kitchen knife, camera, handgun, TV and desktop, and had some other expenses. Because this place was also much farther of a drive, I was spending a bit more on gas. Nevertheless, the market was rebounding from the crash and I paid off the car, so I switched to liability insurance only that let me save more money.
Then, the hunger games started. I was trying to palace chase and was so sure it was going to happen, I didn't bother to study for my staff test. Unfortunately, the guard base lost my paperwork and by the time I sent everything to them again and they verified it all, my career field stopped letting people go. I found out a week before my test. I took leave to study, but spoiler alert: I didn't make it.
NW ~+20K
House purchase, marriage, divorce and another marriage June 14-16
The cheap rent was cheap for a reason. I got broken into and had my handgun stolen along with my TV. I also didn't have renter's insurance, but they only stole about $1K worth of stuff so it wasn't a huge deal. At this point I was also with my gf for 4 years now so we were talking about marriage and me buying a house to finish up my enlistment.
I bought a house that my GF liked that was probably the nicest house in the neighborhood with a VA loan and financed ~$180K. My BAH did NOT cover the house payment and they stopped paying my language pay, so I got a 2nd job for about 5 months on the weekends at a restaurant that averaged $700/mo. I ended up having some health issues that had me looking forward to get surgery and I could not be on my feet that long and had to quit.
Shortly after the house purchase, I bought my childhood attainable-dream-car. A '98 low mileage M3 that cost me ~$20K after the purchase & repairs were done which was close to the cost of it in this condition on the market so no change to my NW from this as this was my 2nd car that I could theoretically sell at any time. I did have the extra recurring cost of car insurance, but it was ~$50/mo for full coverage as my accidents finally fell off my records.
I also got married, moved her in, and paid for all of the expenses besides her car insurance, phone, and classes. I also gave her $5.5K to max her IRA for the year as well as maxing mine. We immediately started having issues (non financial) and we got a divorce within a year. While the divorce was pending, I started considering doing 20 years due to my medical concerns, but only if I got a base I wanted. Overseas listing was solid and I put on a few options for extended long.
Ended up going on a couple of dates a week after my ex moved out. After being in a shitty situation, I had a lot of time to think about what I was looking for and was very honest about that and myself in general. Really hit it off with one girl, but a few months into the relationship I was notified of my selection to Aviano. We talked about what that means for us, how we felt, and decided to get married, so we did.
Maxed my Roth IRA throughout the years and added a few thousand towards a brokerage account.
Before PCSing we had an AC go out that I paid for in the tune of $5K and decided to rent the house out (for the cost of the PITI).
My M3 went into storage with my family at no cost to me.
NW ~+40K
PCS issues July 16-April 17
We got screwed with a ton of wrong information about travel policies and had to spend nearly a month in DC out of pocket to the tune of $15K. Thankfully I had a 0% APR credit card. We also had issues finding a house here, so the extra TLA really helped out. We finally found a place, I had a couple of TDYs, bought a 2nd car, and as we were settling in, I got hit with a deployment.
I knew this was a good time to save some money, but also wanted another income generating asset, so when we flew home before my deployment, we made some time to look at houses so I can buy and rent it out in the same state that I was previously stationed at (and where she was from). We found a place and started getting everything together.
I also made the final payment on the 15K PCS bill the week before I left.
Maxed my Roth IRA.
NW ~$60K
Deployment April-Oct 17
In May, I had my funds in escrow that I got a hard money loan for, for a house that cost 120K and was set to be rented at $1200+. The house was rented within a week for 1250, so I was pretty happy about this. Wife went back to the US for a bit, so we saved a little on utilities/food expenses as she stayed largely with her parents. I started contributing 30% into the Roth TSP and I bought some crypto at the tail end of my deployment.
Deployment was shit, my shop literally sat in silence for 5 months after the NCOIC sent someone home for a bullshit article 15 charge. Made me EXTREMELY disgruntled and not giving a shit about making tech.
NW ~$80K
Home, until next deployment Nov 17-Jan 2020
I got home, bought a new PC (~$1.5K), and immediately made a bunch of travel plans to make up for the deployment time. The crypto boom/bust occurred with me taking out $5K (which was my initial investment), but re-investing it during the crash which I still hold to today and I crossed into 2018 with ~$100K NW.
January saw yet another budget issue where we weren't getting paid and our TDYs were getting cancelled, but I was doing pretty well... for a little bit anyways
Unfortunately, we had our renters cancel their lease on both houses in early '18, some repairs needed to be done that cost OVER the security deposit, and our PM company dragged their feet on getting new tenants in because of a change in ownership. I started living paycheck to paycheck (sans my TSP contributions) because I had to cover both vacant properties and still pay for our living expenses here DESPITE getting COLA and utility allowance as we were still trying to take travel opportunities. This year, I had to take money out of my taxable account to cover my Roth IRA.
I fired the PM company come September and hired a new one that had tenants in within a month at both places. Some additional repair costs were needed because the last company made certain things worse (or charged me for fixes that never occurred). We also had a flash flood while I was TDY (and had the wife join me) that led to our 2nd car having to be salvaged in the fall as well.
Come January '19, I was getting a handle on the past bills, we got another car for the wife, and life moved on for a bit. Picked up a 3rd car from a members that was PCSing (another M3, this one for $1K as a project car to resell or maybe even to take back to the US). Some more house expenses came up, but nothing we couldn't handle, although it did slow down our investments. Overall, '19 was pretty unprofitable outside of the 30% TSP and maxing the previous year's IRAs - which I funded for both myself and the wife. I got news that my IPCOT was approved, so I was spending another 4 years at Aviano.
We had some issues at one of our houses which cost 2 months of vacancies and another ~$2K of repairs in the fall of '19 and shortly after I had an opportunity to deploy again, this time to AUAB, which we agreed was probably for the best for a few reasons.
NW 120K
Deployment to now - Jan-Dec 2020
As soon as I got to AUAB, I put my TSP to 60% to max it out. During the deployment, my wife paid me back the previous year's $6K I gave her to fund her IRA, so I maxed out my 2019 AND 2020 IRA and also put aside ~$17K in a taxable account. I wanted my investments to REALLY take off, and they definitely did. Thankfully, the state where I have my houses were not heavily impacted by COVID and both tenants continued to pay rent without issues.
COVID sucks, but is a godsend for saving. With closed restaurants, that's at least $1-200/mo savings for us, not to mention another $2-300 savings/mo in travel costs before counting any extra expenses from these trips such as getting food at these locations, event tickets, etc.
That's not to say I've been saving everything, though. Upon my return we did immediately travel to a few cities, I bought myself a camera setup costing me $6K, and we bought a higher end Roomba and some other items on Black Friday totaling $1-2K. I still drink my craft beer and my Islay scotches. We finally salvaged my G35, which cost US money because of how the SOFA is here (bullshit...). I found a few more things wrong with the M3 that is here with me, so I'll likely start a large scale refresh here soon which means $$$$$$.
NW: ~$240K if you count the M3 in storage, $220K if not. To add, these amounts are based on my equity in the homes instead of the actual house sale price based on neighborhood comps which would bump up my NW by another $20K+
Goal for 2021 (assuming tenants do NOT move out):
I'll see what's up on the supplemental this month and if I don't make it again, actually study this year to get it come 2021. Figure it's time and all that, plus it would let me save/spend even more.
Max out TSP (should be done by September) and Roth IRA for 2021 next month. Look into getting a 3rd house if the numbers make sense, or just set aside ~$2k/mo towards other investments which, along with even a 7% market gain should see me hit $300K by end of 2021. If the market crashes, I would honestly prefer it so we can put in more contributions and ride the gains through the next 10 years until retirement.
We have also been discussing kids, so that may throw a wrench in the above.
All in all, hopefully this inspires you in some way and if you have any questions, let me know.
I want to specifically hit on the fact that while I do save a lot, I still find plenty of time and available moneys for my personal fun. Whether that's going out for food and drinks with the wife and friends a couple times a month, traveling around the EU, buying things for and participating in my hobbies (camera stuff, gaming, car expenses, snowboarding, etc.), I feel like my life is pretty un-deprived of things.
We also use quite a few credit cards to help us save money on travel, which does make a rather large difference when stacked together.
tl;dr a 10 year TIS, 2nd-time-making-it e-5 goes from roughly a -15K NW to +220-250K without bonuses, but with 4 years of COLA, 3 total deployments, and a total of 9K foreign language pay throughout his career so far
Edit: eyy just found out I made E6!
submitted by themilitarysaver to AirForce [link] [comments]

EU banks/brokers/savings plans with interesting welcome bonuses and/or referrals?

Here in France, there is quite a stiff competition between online-only banks and insurers ("assurance-vie").
As a result, they offer pretty interesting welcome bonuses and referral plans to new customers. For instance, registering for a free bank account will get you ~100€ cash, no strings attached. Opening a new savings plan ("assurance-vie") can earn you up to 200€ cash for a 5000€ deposit that you can withdraw for free after a few weeks.
I'm making a few hundred € each month from this, but there are only so many banks in France and I have exhausted almost all decent options.
Do you know of other banks/institutions in the EU that are offering these kinds of bonuses and are available to French citizens? A high barrier to entry (up to 10k€ deposit) is no issue.
submitted by _da_da_da to eupersonalfinance [link] [comments]

December 2020 Earnings Report - £2,342

December 2020 Beer Money UK Earning Report
This is my third month of using BeerMoneyUK to supplement my income. This month I made £2,342.
Here are my tow previous reports
October earnings report £774.25
November earnings report £2,731.24
Many thanks again to everyone who used some of my links to sign up for the offers. It is much appreciated. Hope you got some good Beer Money from it and remembered to share your links
Hope the below report is useful for people to see what are some of the best paying / most popular referral programmes.
This month I guestimate I worked about 50 hours to achieve this.
I am setting myself a goal to make £1,500 per month for 2021 or a total of at least £18,000. I think / hope this is achievable 🙏 .
Hope everyone has a great 2021, we all deserve it after such a bad 2020 !!!
Any questions just let me know. I am happy to help 😊
​
Company / link to Reddit post Referral Link / Non - Referral Link Sign Up Bonus Required Min Purchase / Transfer Amount My Earnings
Zumo Referral link / Non referral Use referral code: ABC123 £10.73 £0 £669.44
Swissborg Referral link / Non referral €1-100 (Average ~€10) €50 £211.06
WorldRemit Referral link / Non referral £20 £100 £200
Zelf Referral link / Non referral €5 €0 £145
Metro Bank Referral link / Non referral £50 Pay in salary or £500 pm £100
Gemini Referral link / Non referral £8 £80 £92.87
Curve Referral link / Non referral £5 £0 £95
TFG Crowd Referral link / Non referral €20 €100 £90
Currency Fair N/A €50 €2,000 £90
Transferwise Referral link / Non referral £75 for 3 referrals £200 £75
Xendpay Referral link / Non referral €10 €100 £65
Bitwala Referral link / Non referral €15 €30 £54
Tickr Referral link / Non referral £12 £5 £48
Vybe Referral link / Non referral £2 £0 £44
Bitpanda Referral link / Non referral €20 + €5 for quiz €25 £36
Coinfield Referral link / Non referral £11 £100 (need to buy SOLO) £35
Celsius Referral link / Non referral $40 $200 £33
Mode Referral link / Non referral £10 £100 £30
Skrill Referral link / Non referral £10 £100 £30
ViaInvest Referral link / Non referral €15 €50 £27
Instarem Referral link / Non referral £10 £200 £22.20
Luno Referral link / Non referral £10 £100 £20
Snoop Referral link / Non referral £5 £0 £20
TransferGo Referral link / Non referral £20 £50 £20
October Referral link / Non referral €20 €500 £18
Kriptomat Referral link / Non referral €10 €100 £18
Oval Referral link / Non referral Referral code: KPN6NPYYU £5 £6 £15
Easy Send Referral link / Non referral £10 for a referral £100 £10
Costa Coffee Referral link / Non referral Referral code: X8LOZ £3 £2-3 £9
Verse Referral link / Non referral £5 £4 £10
Wirex Referral link / Non referral $10 £80 £5.35
InstaCoin Referral link / Non referral £5 £50 £5.08
BlockFi Referral link / Non referral $10 £100 £0
Twino Referral link / Non referral £15 £100 £0
Azimo Referral link / Non referral £10 £90 £0
Cash App Referral link / Non referral £5 £50 £0
Passfolio Referral link / Non referral $1-100 $25 £0
Quidco Referral link / Non referral £5 £5 in cashback £0
Crypto Exchange Referral link / Non referral $50 £250 (5,000 staked in CRO) £0
TopCashBack Referral link / Non referral £5 £5 in cashback £0
Lenndy Referral link / Non referral €10 €100 £0
TOTAL £2,342
​
submitted by TidyCompetition to beermoneyuk [link] [comments]

Free £10 from Luno (almost instant!) for buying £100 worth of bitcoin

Luno is a platform that's been around since 2013, allowing you to buy and sell bitcoin. They're offering new UK users £10 in Bitcoin when you purchase £100 worth of BTC (for EU residents the offer is €15 for a €250 purchase).
Steps:
  1. Sign up with my referral link and verify your identity (non-ref, no bonus).
  2. Enter code WK7D5T in the "Rewards" page of the Luno webpage or app. If it says something like "this promotion can only be used once," it means the referral code has already been applied during sign-up, so you can move on to the next step.
  3. Buy £100 in Bitcoin (EU users - €250). You can deposit via bank transfer (Faster Payments are supported) or card. (Note: buying BTC in the Luno Exchange won't count).
  4. The £10/€15 will be credited to your account within a few minutes - and you can then sell & withdraw it back to your bank right away. Alternatively, you could send it to another crypto wallet or exchange if you prefer, but you'll need to enable this feature first (go to profile - security - enable "send cryptocurrency." Sending will be enabled 24 hours later.)
  5. Tip: sell the BTC at the Luno Exchange for lower fees.
GBP/Faster Payments withdrawals are free, SEPA (Euro) bank transfers cost €0.30.
After fees, your profit should be ~£8.
Fees page
submitted by One_Refrigerator to beermoneyuk [link] [comments]

no deposit bonus eu video

A no deposit bonus is a free bonus which you can use to play and win in real money games. The only requirement is that you make a casino account to claim the offer. The only requirement is that ... The no deposit bonus offers are not available in the EU. This is due to the fact that the European market regulator, ESMA, has banned certain types of forex broker bonus offers under the MiFID II regulations. The no deposit free spins bonus is a great option to rake up some good wins for free, and that is a big risk for the casino offering it. That is why casinos have specific terms and conditions attached to no deposit free spins bonuses to ensure they are used correctly and prevent bonus abuse. Introduction to free slot bonuses. No deposit bonuses are a promotion given by online casinos to attract new players. These bonuses usually take the form of free credit, which can be used to bet on various games, or the form of several prepaid spins on certain slots.. No-deposit bonuses are usually given as a gift to attract new players.The main goal of these bonuses is to promote the casino's ... No Deposit Bonus Casino: Frequently Asked Questions 1) What exactly is a no deposit bonus? With a no deposit bonus, you won’t need to put any money down and the casino will deposit a specified amount of money into your online casino account. You won’t be able to simply withdraw this. Instead, you can use it in line with the terms ... In order to use this bonus, please make a deposit in case your last session was with a free bonus. The bonus may be valid for specific players.Check the bonus terms and conditions for eligibility. Wagering for the match bonus is set at 30 times the deposit and bonus amounts. Europa Casino No Deposit Bonus Codes 2021 €10 No Deposit Bonus at Europa Casino. Bonus Code: Automatic, not required Bonus Type: New players no deposit bonus Valid Until: No limit Games Allowed: Slots Wagering: 50x (Bonus amount) Max cashout: €200 How to claim: Automatically awarded on registration Europa Casino Bonus Codes and Other Promos EU Casino has launched a €20 no deposit slots bonus for members and visitors of NoDepositBonus.com – New players simply need to create an account and use the bonus code, NDB20, to get €20 cash to play slots at EU Casino. Players who go on to make a deposit of their own, are still eligible for the large €5250 welcome package. No deposit bonus for 7 SkillOnNet Casinos. 25 free spins on Spinning Wilds Slot 60X Wager Max CashOut – $100 ** Good for depositors, on February 2, 2021. Sent by rena35 As with most sportsbook sites, a huge range of bonuses is available, ranging from a $5 no deposit casino bonus through to unique bonuses such as a $10 free MLB bet on Sundays. The site might not provide other options such as poker and financials, but they have ensured all their games, and current offers provide members with one of the best ...

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