Income Requirements Before Embassy Interview

[TheTrader0003 0]

Hello there,

 

I am in the process of filing out the I-134 form for income requirements. I will NOT be using a co-sponsor.

 

A little bit about me..

 

I am in my early 30's, recently retired, I was a computer programmer since I was 21 years old. I retired 2 years ago. So yes, I have alot of money.

 

But here is my problem...

 

I do NOT keep my money in a bank. I only have like $100 total in my checking account. I do not trust them. I keep it in a safe deposit box and with someone I trust. I also own precious metals, which is also at a safe location. I also live in a tiny house. I live a frugal minimalist life.

 

Since I am not employed, how do I prove that I have alot of money is cash and precious metals?? Do I just take a picture of it?

 

 

Thanks for your help

 

 

-TheTrader0003

 

Edited August 5, 2019 by TheTrader0003

[aaron2020 11,651]

You can prove you have money by depositing it into a bank. 

 

Cash and precious metals is not going to work.

A picture is worthless since anyone can download a picture of money and precious metals.

If you want a K-1 visa, then you have to play the game.  If you don't comply, then you will not get a visa.  This is their playground and you have to play by their rules.  

Edited August 5, 2019 by aaron2020

[TheTrader0003 0]

5 minutes ago, aaron2020 said:

You can prove you have money by depositing it into a bank. 

 

Cash and precious metals is not going to work.

A picture is worthless since anyone can download a picture of money and precious metals.

If you want a K-1 visa, then you have to play the game.  If you don't comply, then you will not get a visa.  This is their playground and you have to play by their rules.  

So all I have to do is deposit $70,000 in my account and then Im good to go?

 

Do I need to keep showing constant monthly deposits? Or is a one time deposit enough?

 

thanks

 

--TheTrader0003

[arken 4,197]

Unfortunately, safe box or a picture of it showing the stashed cash is not one of the evidences listed for i134.

[arken 4,197]

I hope you have some sort of documentation of that sum of money. 

Two issues:

 

1. Bank itself will report to IRS for that large deposit (the first thing it will come to their mind is money laundering). If you have some sort if backup documents, you won’t have any issues.

 

2. Even after successful deposit, you or your beneficiary may face issues. Embassy may see that as you borrowing money from someone else for the time being. So be prepared to get scrutinized.

[aaron2020 11,651]

57 minutes ago, TheTrader0003 said:

So all I have to do is deposit $70,000 in my account and then Im good to go?

 

Do I need to keep showing constant monthly deposits? Or is a one time deposit enough?

 

thanks

 

--TheTrader0003

With a sudden deposit, you're going to have to show that the money belongs to you and not a loan from a friend.  

 

By living outside of the norm as a FIRE who doesn't believe in banks, you've made proving you have assets significantly harder. 

Your best bet is to see if the US Embassy will take a co-sponsor for the I-134.  

 

[Nitas_man 3,100]

1 hour ago, TheTrader0003 said:

Hello there,

 

I am in the process of filing out the I-134 form for income requirements. I will NOT be using a co-sponsor.

 

A little bit about me..

 

I am in my early 30's, recently retired, I was a computer programmer since I was 21 years old. I retired 2 years ago. So yes, I have alot of money.

 

But here is my problem...

 

I do NOT keep my money in a bank. I only have like $100 total in my checking account. I do not trust them. I keep it in a safe deposit box and with someone I trust. I also own precious metals, which is also at a safe location. I also live in a tiny house. I live a frugal minimalist life.

 

Since I am not employed, how do I prove that I have alot of money is cash and precious metals?? Do I just take a picture of it?

 

 

Thanks for your help

 

 

-TheTrader0003

 

 

My honest opinion:  You don’t have a prayer of pulling this off on an I-134.

 

 

[SalishSea 16,770]

$70k is not a lot of money.  And most people who are wealthy enough to "retire" young do so because they have a continuing source of income from their prior job, via investments. 

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