Finance

Global Paychecks: Personal Finance Tips From The Remote Work Boom

Published

1 year ago

December 16, 2024

Global Paychecks: Personal Finance Tips From The Remote Work Boom

Work from anywhere. Rear view of young woman, female freelancer in straw hat working on laptop, … [+] keeping arms raised and cellebrating success while sitting on the tropical sandy beach at sunset

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Right now, in Río Tercero, a small city in Argentina near Córdoba, Virginia More works with Pinterest as a software engineer, bridging her local experience with cutting-edge Silicon Valley projects. Similarly, Luis Ramos Paco, from Santiago de Llallagua, Bolivia—where growing potatoes and raising animals is necessary to provide for one’s family—now works with a US-based SaaS client to update its legacy system with a friendlier UI.

The remote work revolution has opened doors for skilled professionals like Virginia and Luis worldwide. Companies like BairesDev– which connects Latin American talent with U.S. tech firms– are bridging global income gaps and allowing tech talent and software engineers into an increasingly globalized job market while staying close to their families and communities.

“The region offers a rapidly expanding talent pool, strong cultural alignment, and geographical proximity to the U.S.,” Nacho De Marco, CEO and Co-Founder of BairesDev, explains. “This facilitates seamless real-time collaboration and efficient workflows. 33% of U.S. businesses now want to outsource their business operations to a country that’s close by. Professionals from Latin America have a similar work culture to their North American neighbors and possess a high level of English proficiency.”

As a result of this type of demand, many BairesDev workers who once faced limited opportunities in rural areas now earn between $30,000 and $80,000 annually, placing them in the top 5% of earners in their home countries.

Other companies like Toptal and Adeva work in similar ways to connect talented and skilled individuals to job opportunities around the world, breaking down barriers to entry and revitalizing local economies.

If you’re considering a remote job that can connect you to a different corner of the global marketplace, here are some important things to consider as you embark on your job hunt.

Earn Globally, Live Locally

One of the most significant advantages of remote work is the ability to earn in a high-income market while living in a lower-cost region. BairesDev, for instance, has had more than 6,000 of its Latin American-based workers integrate with teams in U.S. companies, like Google and Pinterest.

“During recruitment, we focus on a candidate’s competence over their credentials,” explains De Marco. “We also prioritize the future potential that someone can bring, in addition to their current skillset. This approach means discovering exceptional talent from diverse and often overlooked sources. Historically, around 40% of our developers come from non-metropolitan areas.”

Yes, that means you can live a balanced lifestyle in a quaint town like San Miguel de Allende while working with a U.S.-based tech giant.

Earning a higher paycheck while keeping your cost of living steady provides wealth-building opportunities, allowing you to build an emergency fund, pay off debt, and invest in property and other assets. Be sure to cross check the purchasing power of the currency you’ll be paid in to that of your local currency to ensure that you’re maximizing your potential earnings. Also make sure that the salary you’re being offered is fair compared to what employees at the company’s headquarters are making.

Track Finances Carefully

Once you’ve secured your remote job, you’ll want to set up a financial plan to ensure that you are maximizing your global paycheck without running into any snags. Opening a multi-currency bank account can help you minimize exchange rate losses and transfer fees, and many offer automations to make conversions between currencies seamless.

Also make sure to budget for any potential fluctuations in the foreign currency, as factors like inflation, interest rate adjustments, and governmental changes can affect the value of the foreign currency. As long as you’re earning well above your local cost of living, it’s smart to set aside a percentage of your earnings as a buffer to offset any potential currency devaluation.

As you continue to earn more, it’s also wise to invest a portion of your income into diversified assets so you can grow your wealth over time. Many companies offer financial planning services as a benefit, and it can be especially helpful if you’re a first-time investor. Financial planners can also help you with your taxes, which can be more complicated when earning across borders.

Maintain Motivation and Work-life Balance

Though the higher salaries in other countries can sound so enticing that you consider working odd hours, try not to jump at just any opportunity for a higher paycheck. Instead, look at the big picture and consider the fact that your long-term earning potential is contingent upon factors like work-life balance, upskilling, and staying motivated. Working with a talent company like BairesDev can help set you up for success in this regard.

“By hiring candidates with strong communication skills and collaborative skills, our workforce is well-prepared to navigate the typical challenges associated with remote work,” says De Marco.

For smoother collaboration with your fellow employees– and to remain present in your day-to-day life– look for jobs at companies with similar time zones to yours. This will cause minimal disruptions to your schedule, allowing you time for family and social obligations– and time for learning new skills that can help you land your next job. Popular remote industries like tech, design, and project management tend to be good about providing professional development opportunities outside of the traditional workday, and you want to remain fresh and motivated to seize grown opportunities as they come.

Redefining Success: Building Wealth Across Borders

In an increasingly borderless world, the path to financial independence might be closer than you think. Companies like BairesDev are receiving over 2 million applications annually for remote work opportunities—approximately 10,000 applications every day, proving that demand for global remote jobs is continuing to grow.

“In the U.S., the demand for tech talent is outstripping supply, with roles like information security and software development expected to grow by 33% and 18%, respectively, over the next decade,” says De Marco. “Latin America is rising to meet this demand, with Brazil, Mexico, and Argentina producing significantly more software engineers annually than the U.S.”

Opening doors for global talent also sparks a larger shift in how we think about work, money, and opportunity. This is not a small trend; it’s going to continue to be a defining feature of the global economy in the decades to come— and it’s very possible to make this work in your favor.

For professionals considering this path, remote work offers a unique opportunity to bridge the gap between higher global earnings and a lower local cost of living. With the right financial strategies—like careful currency management, smart investment strategies, and a focus on work-life balance—there is a very real opportunity for talented employees across the globe to achieve financial freedom without uprooting their lives.

Finance

5 takeaways from 2025’s end-of-year campaign finance reports

Published

19 minutes ago

February 3, 2026

Press Room

5 takeaways from 2025’s end-of-year campaign finance reports

President Trump stockpiled millions into his super PAC, while a handful of GOP groups outraised their Democratic counterparts in the last stretch of 2025 as Republicans brace for a midterm cycle shaping up to be much like the anti-Trump 2018 midterms.

Trump’s super PAC, MAGA Inc., has more than $300 million in the bank to start off 2026, according to recent campaign filings, while the Republican National Committee (RNC) outraised the Democrats, who are working to pay off debt from the 2024 cycle.

Yet there are some bright spots for Democrats, too: Many of the party’s Senate candidates have outperformed their Republican contenders as the party looks to make inroads in the upper chamber.

Here are five takeaways from the last campaign filing reports of 2025:

Trump stockpiles millions

The president’s super PAC is starting off the year with $304 million — an impressive sum of money that demonstrates Republicans will not be without resources as they look to keep their narrow House majority and retain control of the Senate.

The super PAC’s latest filing, which covers Dec. 23 through Dec. 31, showed the president received $7.5 million from the pro-Trump dark money group Securing American Greatness Inc. and $1 million from businessman and Los Angeles Dodgers part-owner Todd Boehly, among others.

Other prominent figures who have donated to Trump’s super PAC over the past year include $12.5 million each from OpenAI president and co-founder Greg Bockman and his wife, $11 million from entrepreneur and investor Konstantin Sokolov, and $4 million from defense contractor chief executive Michelle D’Souza.

A number of prominent businesspeople and donors have given to Trump or his aligned entities, particularly for his construction of the East Wing ballroom, as different industries have looked to curry favor with the president.

RNC holds large cash-on-hand advantage over DNC

The RNC outraised the Democratic National Committee in 2025, $172 million compared to $146 million. In December, the RNC edged out its Democratic counterparts at $16 million to roughly $13 million.

The Republican Party also starts off 2026 with a nearly $100 million cash-on-hand advantage over Democrats: The GOP has $95 million in the bank to start off the year, while Democrats have $14 million cash on hand, in addition to close to $18 million in debt.

Democrats have steadily been trying to pay off debt that was accrued during former Vice President Kamala Harris’s presidential campaign in 2024. Donors in the aftermath of the 2024 election also curbed their spending to different groups amid frustration over how the presidential cycle played out and as the party looked to reset itself heading into 2026.

Across the board, however, GOP groups like the House Republican and Senate Republican campaign arms posted larger 2025 hauls than their Democratic counterparts. However, the cash on hand for the House and Senate Democratic campaign arms are nearly equal to or have narrowly surpassed their GOP counterparts.

Democratic Senate candidates largely outraise GOP challengers

If there’s one financial silver lining for Democrats right now, it’s that the party’s Senate challengers in competitive races have largely outraised their Republican contenders.

In Georgia, Sen. Jon Ossoff (D-Ga.) — seen as the most vulnerable Senate Democrat up for reelection this cycle — raised close to $10 million between October and December from his campaign. He starts off 2026 with close to $26 million in the bank.

His GOP opponents trail far behind. Former University of Tennessee football coach Derek Dooley’s campaign raised $1.1 million and has $2.1 million cash on hand. Rep. Buddy Carter’s campaign (R-Ga.) raised $1.7 million, which includes a $1 million loan to himself, and starts off this year with nearly $4.2 million. Rep. Mike Collins’s campaign (R-Ga.) raised about $825,000 and has $2.3 million cash on hand.

In Ohio, former Sen. Sherrod Brown’s (D-Ohio) campaign raised $7.3 million in the last quarter of 2025 and has nearly $10 million in the bank. Meanwhile, Sen. Jon Husted’s (R-Ohio) campaign raised $1.5 million between October and December and starts off the year with close to $6 million in the bank.

Musk starts spending ahead of midterms

Elon Musk has resumed pumping money toward GOP groups heading into the midterms, less than a year after he signaled he would pull back from political spending. The Tesla CEO gave $5 million each to two super PACs helmed by House Republican and Senate Republican leadership.

All told, Musk has given $20 million to the two political groups in 2025, highlighting how the former Trump adviser is poised to play an important role again in the upcoming election cycle for Republicans.

Musk spent millions in last year’s Wisconsin Supreme Court races, yet the liberal candidate handily won the vacant seat on the state’s high court. However, his spending helped level the playing field for Republicans.

While his spending will help the GOP, Democrats are sure to seize on his involvement, too. In the past, they have featured Musk in their advertising, such as showcasing his chainsaw-wielding appearance during last year’s Conservative Political Action Conference (CPAC), in an effort to boost turnout among their voters.

Filings offer insight into contested Senate primaries

The campaign finance filings also offer some clues about the fundraising strength of candidates in contested Senate primaries.

Progressive oyster farmer Graham Platner, who was mired in controversy last year over past social media posts, raised $4.6 million in the last quarter of 2025 from his campaign and has $3.7 million in the bank. Meanwhile, centrist Maine Gov. Janet Mills’s (D) campaign raised $2.7 million in the last quarter and starts off this year with $1.3 million.

In Texas, Rep. Jasmine Crockett (D) and state Rep. James Talarico (D) posted similar fundraising hauls — $6.5 million and nearly $6.9 million, respectively. Most of Crockett’s haul came from transfers from her House campaign. Talarico’s campaign also posted a cash on hand advantage — $7.1 million to Crockett’s $5.6 million.

Finance

Inheritance warning as Aussie kids face $320,000 tax hit: ‘Completely gone’

Published

12 hours ago

February 2, 2026

Press Room

Inheritance warning as Aussie kids face 0,000 tax hit: ‘Completely gone’

If you inherit your mum or dad’s super fund, you can pay tax of up to 32 per cent. (Source: Getty)

Australians risk losing a huge amount in superannuation inheritance due to little-known tax rules. Older generations will transfer trillions of dollars in wealth to younger generations in the coming decades, with much of this money to come via superannuation and property assets.

Most families don’t realise that their kids could lose a third of their inheritance to superannuation tax. But Pivot Wealth financial adviser and Yahoo Finance contributor Ben Nash said this tax could be “completely avoidable” with a bit of strategy.

When someone passes away, their superannuation is split into two main parts: the tax-free component and the taxable component.

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If the money goes to adult kids or anyone who is not financially dependent on the person passing down the super, the taxable portion gets hit with a “death tax” of up to 32 per cent.

“On a $1 million balance, that means $320,000 that can be completely gone,” Nash explained.

The biggest component of most people’s super funds is the taxable component because it’s made up of any compulsory employment super contributions, salary sacrifice or tax-deductible contributions, and the growth and earnings on these funds.

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The good news is it is possible to reduce or avoid the tax altogether.

“The fix here is what’s called a withdrawal and recontribution strategy. It’s a pretty simple concept, although the rules are a little bit complicated,” Nash explained.

“Basically, while your parents are still alive and eligible, they can withdraw some or all of their super, pay no tax on the withdrawal, and then put it back into their super as a non-concessional or after-tax contribution.

“That shifts their super balance from taxable to completely tax-free. When you do that gradually over time, you can save literally hundreds of thousands of dollars in future tax.”

Your parents would need to be over the age of 60 and meet a condition of release (like retirement) so they can withdraw part of their super tax-free.

The rules around withdrawing and contributing to your super fund, along with how much you put in, are complicated, so it is important to get financial advice from a professional.

The Productivity Commission previously estimated that $3.5 trillion would be passed on from Aussies aged 60 and over by 2050. More recent JBWere figures put the figure at $5.4 trillion over the next 20 years.

Finance

Trending tickers: Oracle, Disney, BYD, AstraZeneca and Endeavour Mining

Published

1 day ago

February 2, 2026

Press Room

Trending tickers: Oracle, Disney, BYD, AstraZeneca and Endeavour Mining

Tech company Oracle (ORCL) said on Sunday that it planned to raise $45bn (£32.8bn) to $50bn in 2026 to fund the expansion of its cloud infrastructure business.

The company said that it planned to achieve this funding target using a combination of debt and equity financing.

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“Oracle is raising money in order to build additional capacity to meet the contracted demand from our largest Oracle Cloud Infrastructure customers, including AMD (AMD), Meta (META), Nvidia (NVDA), OpenAI, TikTok, xAI and others,” it said in a statement, according to a Reuters report.

Oracle (ORCL) shares hovered just below the flatline in pre-market trading on Monday morning and are trading 3.4% in the red over one year.

Media and entertainment giant Disney (DIS) was in focus on Monday morning, following a Bloomberg report that it was close to picking theme-park division chairman Josh D’Amaro as the company’s next CEO.

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According to the Bloomberg report, Disney’s (DIS) board is aligning on promoting D’Amaro into the role and will vote on naming a new CEO in the coming week, citing people familiar with the matter. D’Amaro would take over from Bob Iger, who returned as CEO in 2022, having served in the role from 2005 to 2020.

Disney (DIS) had not responded to Yahoo Finance UK’s request for comment at the time of writing.

The company is set to report its fiscal first quarter earnings later in the day on Monday. Disney (DIS) shares hovered just below the flatline in pre-market trading on Monday morning and are 0.6% in the red over one year.

In Asia, shares in Hong Kong-listed electric vehicle (EV) company BYD slid 7.3% on Monday, after reporting a drop in sales in January.

BYD (1211.HK) said on Sunday that it had sold 210,051 vehicles in January, which was 30.1% lower than 300,538 it sold in the same period last year.

The company sold 83,249 battery electric vehicles last month, which was 33.6% lower than January last year and it delivered 122,269 plug-in hybrid EVs, down 28.5%.

Pharmaceuticals giant AstraZeneca (AZN.L) will begin trading its ordinary shares on New York Stock Exchange (NYSE) on Monday for the first time.

AstraZeneca (AZN.L), which is listed on the UK’s FTSE 100 (^FTSE) and Sweden’s OMX Stockholm 30 (^OMX), previously had American depositary shares (ADS) listed on the Nasdaq (^IXIC).

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