An identification number is needed at most banks to open a bank account or to get a credit card. The most common type of identification number is a social security number. If you don\’t qualify for a social security number, you can consider apply for an Individual Taxpayer Identification Number (ITIN).
Use Form W-7 to apply for an Individual Taxpayer Identification Number or ITIN.
Many new immigrants do not know that sometimes there can be such thing as \”good debt\” because it can be used as a tool to buy a house or even go to college.
This post may contain affiliate links. One reader question we get all the time is what we recommend for tools to organize your money and build wealth. Our 10+ favorite tools are all listed below! When my husband immigrated to the U.S. in 2013, there was no where for us to go to learn about …
10+ Tools To Organize Your Money and Build Wealth Read More »
Avoiding scams as an immigrant business owner can be challenging. Immigrants are common prey for loan sharks. This is particularly true for immigrants who are undocumented or have temporary forms of immigration status and have difficulty accessing mainstream lenders. Educating yourself about the types of loan scams immigrant business owners face and strategies for avoiding …
Opening a bank account is the first most important step to personal finance for immigrants. Here are the top 3 reasons why immigrants should open bank accounts in the U.S. Before we get into why it makes sense for immigrants to open bank accounts, let’s cover the common question: What groups of immigrants can open …
Top 3 Reasons Why Immigrants Should Open Bank Accounts in the U.S. Read More »
We are humbled and happy to have our recent article about how to build wealth as an undocumented immigrant,\”3 Steps to Build Wealth in the U.S. Even if You Don\’t Have Legal Immigration Status\” featured on Camino Financial. You can check out the post in English here. and in Spanish here. In this piece, we explain how …
We have seen the radical growth of anti-immigrant policies from the Trump Administration in recent months. Almost every day, the news comes down with some of the most dehumanizing and disgraceful policies this country has ever seen. But there\’s something radical you can do to fight back: personal finance is a powerful tool to resist. …
3 Reasons Why Personal Finance is a Powerful Tool to Resist Read More »
We have gotten many requests from Immigrant Finance readers for our favorite personal finance books. The right book can be a real gamechanger. Each of these books has had a profound impact on the way we view money and life. So without further ado, here are our recommendations of our 5 favorite personal finance books. …
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Looking for podcasts by and for immigrants? There are tons of personal finance podcasts that provide very useful content for immigrants. Many cover various personal finance topics including setting financial goals, budgeting, saving for retirement, investing, etc. It\’s no surprise that some of our FAVORITE podcasts ever are personal finance podcasts led by podcasters who …
Immigrant Finance\’s Favorite Personal Finance Podcasts for Immigrants Read More »
We know it´s hard to move to a new country and figure out the financial system. There is no easy way to find information about what financial moves you need to be doing. It is difficult to find resources about what you should be trying to learn. We know because we´ve been there. And that´s …
5 Smart Financial Moves to Make Your First Few Months as a New Immigrant Read More »
As an Immigration Lawyer/Accredited Financial Counselor® + Proud Immigrant Wife-and-Husband Team, we have more than 20+ years of combined personal, professional, and practical experience to guide you and your family to safely navigate the immigration, financial, tax, business, and real estate systems so you and your family can confidently create a more secure future and build generational wealth.
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