The untold story of moving countries, money and making it work with Dan Nel

Money & a Good Life

Are you thinking about making that big move overseas to work, or are you already settling into expat life? How good would it be to get a firsthand account of what to expect and prepare for, as well as the bonus of finding out what financial considerations you need to factor in? Well this next 20 minutes is all for you!

Joining Ryan and Steph on the Money & a Good Life couch today is Daniel Nel, who worked remotely with Tribeca from South Africa before taking the plunge in 2023 to move down under and join the team in Melbourne. For this podcast, Dan’s perspective is particularly insightful as it comes from someone not just relocating for work and all that brings, but also from experiencing it as a financial adviser making him expertly equipped to help others.

There’s lots to unpack (pardon the pun) in this episode, from the culture shock of settling into a new way of life and the emotional impact that can have on individuals and families; the challenge of living in ‘two worlds’ as you build an expat career while staying connected to your home country; to the practicalities of dealing with new banking and lending systems, managing investments and money between countries, setting up healthcare and insurances, and learning new financial systems and terminology.

What you'll learn about moving overseas:

• Immigration costs: The hidden expenses of visa applications, permanent residency processes, and unexpected fees
• Currency exchange challenges: Managing the impact of exchange rates
• Banking across borders: Setting up financial systems in your new country
• International tax implications: Understanding how taxation works between countries
• Budgeting for visits home: Practical tips for maintaining family connections without breaking the bank
• Career transitions: Realistic expectations about qualifications, career trajectory, and income adjustments when starting over

With Dan’s wealth of experience and knowledge as both an immigrant and financial adviser, it’s not surprising he’s a sort after specialist on this topic – and now a welcome addition to our podcast.

Here’s to your Good Life. And thanks for listening.

You can find us at https://www.tribecafinancial.com.au/

Our guest:

Daniel Nel, financial adviser, Tribeca

Connect with Dan: https://www.linkedin.com/in/danielnel/

Our hosts:

Ryan Watson, CEO, Tribeca Financial

Follow Ryan: https://www.linkedin.com/in/r-watson/

Stephanie Coombes, podcast expert and media strategist

Follow Steph: https://www.linkedin.com/in/stephanie-coombes-62903825/

Tribeca Collective Pty Ltd, ABN 54 604 005 209 trading as Tribeca Financial has been appointed as a Corporate Authorised Representative (CAR No.1008603) of My Dedicated Advisory. My Good Life ® is a registered trademark of Tribeca Collective Pty Ltd. 

Advice given in this podcast is general in nature and is not intended to influence decisions about investing or financial products. Our listeners should always seek their own professional advice that considers their own personal circumstances before making any financial decisions.

Tribeca Financial acknowledges the Traditional Owners of Country throughout Australia, and we pay our respects to Elders past and present.