I'm a Black Expat AMA
- Thread starter Wiseborn
- Start date
I personally wear my issued riggers belt since it was issued to me in 2005
I see it's for sale. It's a perfect belt to wear if your have a CCW not as hot and heavy as a Leather belt but stiff enough for the heaviest pistol.
Obviously you could make a swiss seat and rappel down a mountain if you had climbing rope. You could tether yourself to a helocopter ( that's what we primarily used it for) but I also clip my keys and my pac safe chain wallet so that I don't lose either
anyway for anyone who wants it the 215Gear Ultimate Riggers belt
I see it's for sale. It's a perfect belt to wear if your have a CCW not as hot and heavy as a Leather belt but stiff enough for the heaviest pistol.
Obviously you could make a swiss seat and rappel down a mountain if you had climbing rope. You could tether yourself to a helocopter ( that's what we primarily used it for) but I also clip my keys and my pac safe chain wallet so that I don't lose either
anyway for anyone who wants it the 215Gear Ultimate Riggers belt
Ultimate Rigger's Belt
We removed the standard parachute hardware that rusts and replaced that with an aluminum Cobra Buckle. The entire belt is 7 Class sewn throughout, not with #69 thread.
215gearstore.com
It's crazy it's like that. That's a big tell that people cheaped out in the House I lived in TZ I had a hot water box. in the DR the box was in the wall. In Colombia the box is in the wall or on the outside and battery operated.we got em in Uganda as well
Compounding Interest calculation
Using the compound interest formula, the future value of an investment can be calculated as follows:
A=P(1+nr)nt
Where:
A=26000(1+10.10)1×12=26000×(1.10)12
Calculating $(1.10)^{12}$ gives approximately 3.138428.
A=26000×3.138428≈81,599.13
The total interest earned is the future value minus the principal:
Interest=81,599.13−26,000=!
Therefore, you would earn approximately ₹55,599.13 in interest over 12 years with a 10% annual interest rate compounded annually. The growth is driven by the compounding effect, where interest is earned on both the initial principal and the accumulated interest from previous periods.
for all the brehs who think they don't have enough you could get by with as little as 13500 a year in Colombia
@MikelArteta already posted his cost of living and the damn near Mansion he lived in in Africa.
Doctors make about 13K a year being realistic 17K is a decent number down here
You manage to make 13 to 18K you could live like a King overseas or a pauper in the states.
Using the compound interest formula, the future value of an investment can be calculated as follows:
A=P(1+nr)nt
Where:
- $A$ is the future value of the investment,
- $P$ is the principal amount (₹26,000),
- $r$ is the annual interest rate (10% or 0.10),
- $n$ is the number of times interest is compounded per year (assuming annual compounding, $n = 1$),
- $t$ is the number of years (12).
A=26000(1+10.10)1×12=26000×(1.10)12
Calculating $(1.10)^{12}$ gives approximately 3.138428.
A=26000×3.138428≈81,599.13
The total interest earned is the future value minus the principal:
Interest=81,599.13−26,000=!
Therefore, you would earn approximately ₹55,599.13 in interest over 12 years with a 10% annual interest rate compounded annually. The growth is driven by the compounding effect, where interest is earned on both the initial principal and the accumulated interest from previous periods.
for all the brehs who think they don't have enough you could get by with as little as 13500 a year in Colombia
@MikelArteta already posted his cost of living and the damn near Mansion he lived in in Africa.
Doctors make about 13K a year being realistic 17K is a decent number down here
You manage to make 13 to 18K you could live like a King overseas or a pauper in the states.
Colombian Banking rates
My rate at Marcus is like 3.90 APR.
If you can invest money globally even if you don't move your money should,
| Ualá | Cuenta de ahorro digital | 13 % |
| RappiPay | RappiCuenta (exenta GMF) | 14 % |
| RappiPay | Bóveda 90 días | 10.5 % |
| RappiPay | Bóveda 180 días | 10 % |
| RappiPay | Bóveda 360 días | 11 % |
| Lulo Bank | Bolsillos de ahorro | 11.5 % - 13 % |
| Nu (Nubank) | Cajitas de ahorro | 9.25 % |
| Nu (Nubank) | CDT 90 - 120 días | 11.1 % |
| Pibank | Cuenta remunerada | 12 % |
| Pibank | Depósito a plazo 90 días | 10 % |
| Pibank | Depósito a plazo 180 días | 10 % |
| Pibank | Depósito a plazo 365 días | 9.25 % |
| Bancamía | RentaPlus | 10.5 % |
| Ban100 | Cuenta Ban100 (< 10 M COP) | 8 % |
| Ban100 | Cuenta Ban100 (10 - 30 M COP) | 10.5 % |
| Ban100 | Cuenta Ban100 (> 30 M COP) | 11.75 % |
| Banco Popular | Ahorro digital (< 10 M COP) | 8.55 % |
| Banco Popular | Ahorro digital (10 - 50 M COP) | 11.9 % |
| Banco Popular | CDT digital 60 - 89 días | 10.10 % |
| Banco Serfinanza | CliCuenta | 10 % |
| Bancien | Cuenta de ahorro digital | 10.10 % |
| Finandina | Flexidigital | 10.5 % |
| Global66 | Cuenta internacional (en COP) | 11 % |
| Banco de Bogotá | CDT digital 30 días | 9 % |
| Banco Pichincha | Ahorro digital | 8.88 % |
| Itaú | Ahorro digital | 9 % |
| Credifamilia | CDT 360 días | 10.33 % |
| Banco W SA | CDT 360 días | 10.99 % |
| Davivienda | CDT 360 días | 10.22 % |
| Davivienda | Bolsillo de ahorro digital | 8 % |
If you can invest money globally even if you don't move your money should,
The differences between Wise and Revolut.
Seriously if you're a traveler and or lose wallets you want either Wise or Revolut.
For the average traveler I'd say you'd hot the ATM twice in a seven to ten day stay if you're not familiar with the place or have a local yokel telling where to go to save money if you're there for a month or better you'd hit the ATM about four times or so month
If your sending money Wise is slightly better for that
Wise allows two free ATM withdrawals per month, with a combined total limit of $100 (or £200 in the UK). Any withdrawals exceeding this limit incur a fee of 1.75% plus $0.50 per withdrawal in the US, or 1.75% plus £0.50 in the UK. In the US, the fee structure is 1.50 USD plus 2% after the initial $100 limit across two withdrawals.
Revolut offers more free withdrawals, allowing up to five withdrawals per month or a total of $350 (or £200 in the UK), whichever is reached first. After exceeding these limits, Revolut charges a 2% fee per withdrawal, with a minimum fee of $1.50 (or £1 in the UK).
Overall, Wise is generally cheaper for withdrawals beyond the free limit, as its fee rate (1.75%) is lower than Revolut’s (2%). However, Revolut provides a higher number of free withdrawals before fees apply.
Seriously if you're a traveler and or lose wallets you want either Wise or Revolut.
For the average traveler I'd say you'd hot the ATM twice in a seven to ten day stay if you're not familiar with the place or have a local yokel telling where to go to save money if you're there for a month or better you'd hit the ATM about four times or so month
If your sending money Wise is slightly better for that
Wise allows two free ATM withdrawals per month, with a combined total limit of $100 (or £200 in the UK). Any withdrawals exceeding this limit incur a fee of 1.75% plus $0.50 per withdrawal in the US, or 1.75% plus £0.50 in the UK. In the US, the fee structure is 1.50 USD plus 2% after the initial $100 limit across two withdrawals.
Revolut offers more free withdrawals, allowing up to five withdrawals per month or a total of $350 (or £200 in the UK), whichever is reached first. After exceeding these limits, Revolut charges a 2% fee per withdrawal, with a minimum fee of $1.50 (or £1 in the UK).
Overall, Wise is generally cheaper for withdrawals beyond the free limit, as its fee rate (1.75%) is lower than Revolut’s (2%). However, Revolut provides a higher number of free withdrawals before fees apply.
Which way for FBA's?
This is gonna be a long and controversial Post and it's mainly a response to Oshay Duke Jackson's live on his Kenganda channel.
Bottom line up front I disagree with everything he said while agreeing with everything he said.
Most FBA repats are food to Africans mainly because repats are the only people that have a high opinion of Africans.
it's a 100% true they will and do delineate from you as they do from other Africans. The one positive you can say is that Africans are the only people who do not hate FBA's. Say what you want you'll never have an issue in Africa solely because you're Black you can't say that anywhere else and you defenitely can't say that in america.
Oshay seemed to take the live in question down but the other ones are up.
A couple of points Africa is the main place where being FBA benefits you in some cases you'd want to be seen as white especially if you get hemmed up by the cops.
This could be long but I'll make a case for being a repat.
One there's actually no benefit of being in america for other than economic reasons (if youre Pro Black) of course america is the greatest country on earth but if you are Pro Black then you feel that in america you're a third class citizen behind even recent immigrants.
america and europe are slowly dying the markets are mature and resources are being used up so unless you had a truly innovative idea and access to a lot of capital chances are you'd do better selling to emerging markets.
Besides most ideas aren't revolutionary many ideas are built upon from other ideas marketed to different environments i.e. If you made the Iphone america is the best place to do it. If you wanted to take the concept of a high end Black Strip club like majic city then the american market for that is saturated in the states.
Living in america is gonna be harder for Pro Blacks not easier donnie could die tommorow it's coded into law that they can't do anything specifically for FBA's is there workarounds? Possibly but usually in the Push pull kiss kick Pimp and Hoe system of white america there has to be a national emergency before they do right by FBA's (usually symbolically) and there's always been a backlash.
Frankly if you're a successful FBA chances are 80 years from now you're descendants will be several shades lighter than you if they even identify as FBA at all.
So with that being said the best way to keep generational wealth and your genetics is to Move to Africa That way you could tether your way into African elites and keep your genetics and or do what the Jews, Indians, Chinese and Lebanese do and keep the culture while becoming a merchant class abroad. You drop a milly in a country where the average salary is 12k a year and believe me you will be respected. The locals want to delineate fine import your FBA queen bring your rich history and culture have FBA kids who marry other FBA's in the states and so forth and so on.
I'll addon and defend my theory if anyone responds Keep in mind I'm not telling anyone to do anything just making a suggestion.
This is gonna be a long and controversial Post and it's mainly a response to Oshay Duke Jackson's live on his Kenganda channel.
Bottom line up front I disagree with everything he said while agreeing with everything he said.
Most FBA repats are food to Africans mainly because repats are the only people that have a high opinion of Africans.
it's a 100% true they will and do delineate from you as they do from other Africans. The one positive you can say is that Africans are the only people who do not hate FBA's. Say what you want you'll never have an issue in Africa solely because you're Black you can't say that anywhere else and you defenitely can't say that in america.
Oshay seemed to take the live in question down but the other ones are up.
A couple of points Africa is the main place where being FBA benefits you in some cases you'd want to be seen as white especially if you get hemmed up by the cops.
This could be long but I'll make a case for being a repat.
One there's actually no benefit of being in america for other than economic reasons (if youre Pro Black) of course america is the greatest country on earth but if you are Pro Black then you feel that in america you're a third class citizen behind even recent immigrants.
america and europe are slowly dying the markets are mature and resources are being used up so unless you had a truly innovative idea and access to a lot of capital chances are you'd do better selling to emerging markets.
Besides most ideas aren't revolutionary many ideas are built upon from other ideas marketed to different environments i.e. If you made the Iphone america is the best place to do it. If you wanted to take the concept of a high end Black Strip club like majic city then the american market for that is saturated in the states.
Living in america is gonna be harder for Pro Blacks not easier donnie could die tommorow it's coded into law that they can't do anything specifically for FBA's is there workarounds? Possibly but usually in the Push pull kiss kick Pimp and Hoe system of white america there has to be a national emergency before they do right by FBA's (usually symbolically) and there's always been a backlash.
Frankly if you're a successful FBA chances are 80 years from now you're descendants will be several shades lighter than you if they even identify as FBA at all.
So with that being said the best way to keep generational wealth and your genetics is to Move to Africa That way you could tether your way into African elites and keep your genetics and or do what the Jews, Indians, Chinese and Lebanese do and keep the culture while becoming a merchant class abroad. You drop a milly in a country where the average salary is 12k a year and believe me you will be respected. The locals want to delineate fine import your FBA queen bring your rich history and culture have FBA kids who marry other FBA's in the states and so forth and so on.
I'll addon and defend my theory if anyone responds Keep in mind I'm not telling anyone to do anything just making a suggestion.
For those who want to travel but don't know where to go or what to do.
Bottom line up front You can google it But there's an app for that.
Wanderlog
wanderlog.com
It's a good all in one app with currency converter, language and even cost of travel built in.
I think their free verison is better than Trip it.com free version
Bottom line up front You can google it But there's an app for that.
Wanderlog
Wanderlog travel planner: free vacation planner and itinerary app
Plan your road trip or vacation with the best free itinerary and road trip planner. Wanderlog lets you to make itineraries with friends, mark routes, and optimize maps — on web or mobile app
wanderlog.com
It's a good all in one app with currency converter, language and even cost of travel built in.
I think their free verison is better than Trip it.com free version
Rappi Pay pays up to 14% APR in Colombia
inclusivemoney.com
How Rappi went from delivery to developing a financial super app
Rappi Pay, founded in 2018, was launched as a financial service provider offering near-field communication-based prepaid cards and wallets for consumers across Colombia.
inclusivemoney.com
Schwab debit better than this shyt
absolutely. This is just a backup in case you lose your card. Also if you're pickpocketed or robbed better to lose an revolut or wise card than a Schwab debit card.
If you're heading to Latin America the best eqivalent to Cash app in the states (which doesn't work in Colombia) is the Dollar app
if you're moving or planning to spend significant money in Latin America I suggest you download the Dollar app before you leave the states
apps.apple.com
if you're moving or planning to spend significant money in Latin America I suggest you download the Dollar app before you leave the states
DolarApp
Digital dollar account. International travel card. US transfers. All in one app. Available in Mexico, Argentina, Colombia, and Brazil. Open your global account in digital dollars. Exchange pesos to digital dollars (and vice versa) in seconds, save in digital dollars, and send or receive...
apps.apple.com
Investing in Colombia.
The Colombia stock market as been on fire lately but foriegn stocks are very volatile.
Personally I'd in Invest in VOO and VTI and be done with it but if you wanted to get into the Colombian market And You Know what you're doing Investing in Open Collective Investment funds is generally the best way to go
In Colombia, the term "open collective investment funds" refers to a specific category of portfolio investment funds regulated under Colombian law. These funds are one of two main types, the other being "closed-end" funds, distinguished primarily by the timing of contributions and redemptions. Open-end funds allow investors to contribute capital and redeem their shares at any time, typically at the fund's net asset value, which is calculated periodically. This structure provides liquidity to investors, as they can enter or exit the fund more frequently compared to closed-end funds, which only permit contributions and redemptions at preset times or at the end of the fund's term.
Colombian open-end funds are not recognized as separate legal entities under Colombian law; however, the assets held by each fund constitute a legally separate estate from those of the investors, managers, and administrators. This separation is crucial for protecting fund assets and ensuring clear ownership and liability structures. The regulatory framework for these funds is overseen by the Colombian Financial Superintendency (SFC), which exercises control over the fund's operations after it is deemed authorized.
To establish an open-end fund, the fund administrator must submit specific information to the SFC prior to the fund's start of operations, including the draft by-laws, board minutes approving the fund's creation, a compliance certificate, a facsimile of the investor's interest document, and the profile of the investment committee members. The fund is deemed authorized if the SFC does not object within 10 days of filing. Although the law states that private equity funds (a type of closed-end fund) do not require express authorization, in practice, the SFC's withholding of information for reporting compliance effectively requires a form of approval, which sponsors typically accept.
The Trii colombia app is the best investors app I've seen
trii.co
The Colombia stock market as been on fire lately but foriegn stocks are very volatile.
Personally I'd in Invest in VOO and VTI and be done with it but if you wanted to get into the Colombian market And You Know what you're doing Investing in Open Collective Investment funds is generally the best way to go
In Colombia, the term "open collective investment funds" refers to a specific category of portfolio investment funds regulated under Colombian law. These funds are one of two main types, the other being "closed-end" funds, distinguished primarily by the timing of contributions and redemptions. Open-end funds allow investors to contribute capital and redeem their shares at any time, typically at the fund's net asset value, which is calculated periodically. This structure provides liquidity to investors, as they can enter or exit the fund more frequently compared to closed-end funds, which only permit contributions and redemptions at preset times or at the end of the fund's term.
Colombian open-end funds are not recognized as separate legal entities under Colombian law; however, the assets held by each fund constitute a legally separate estate from those of the investors, managers, and administrators. This separation is crucial for protecting fund assets and ensuring clear ownership and liability structures. The regulatory framework for these funds is overseen by the Colombian Financial Superintendency (SFC), which exercises control over the fund's operations after it is deemed authorized.
To establish an open-end fund, the fund administrator must submit specific information to the SFC prior to the fund's start of operations, including the draft by-laws, board minutes approving the fund's creation, a compliance certificate, a facsimile of the investor's interest document, and the profile of the investment committee members. The fund is deemed authorized if the SFC does not object within 10 days of filing. Although the law states that private equity funds (a type of closed-end fund) do not require express authorization, in practice, the SFC's withholding of information for reporting compliance effectively requires a form of approval, which sponsors typically accept.
The Trii colombia app is the best investors app I've seen
Invierte en la bolsa de valores de Colombia y en fondos de inversión colectiva- trii
trii es una plataforma de inversión en la Bolsa de Valores de Colombia y Fondos de Inversión Colectiva. Nuestro objetivo es ofrecerte una inversión segura y fácil para que puedas alcanzar tus metas financieras. Conoce más sobre nuestra plataforma de inversión.
trii.co
how easy is it to transfer funds from an external bank to wise?