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Nomad Capitalist Live

Welcome. I’m Andrew Henderson – perpetual traveler, international entrepreneur, and citizen of the world. Each week, I share tips and insights gleaned from my world travels on how you can find more freedom, grow and protect your assets, and live a radical life on your own terms. I help you achieve your own freedom with my daily field reports, weekly syndicated radio shows, helpful products, and live events. Every year, I travel to about one dozen new countries (sometimes many more) in search of personal and economic freedom. My mission is simple: find the best places to live, start a business, and invest. I’m always on the go and exploring new places. No one place has a monopoly on freedom, opportunity, or happiness, and I make the world my oyster in search of the perfect balance. While on the go, I take the time to really understand what’s going on on the ground in each country in order to find the best places in the world to live, work, bank, invest, start a business, date, raise a family, and enjoy life. I value personal freedom above all else in life. Freedom to live how I want, free from bosses and their 9-to-5 work days and from greedy politicians that want to control me and steal my money.
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Now displaying: September, 2015
Sep 17, 2015

There are several countries in the European Union who will welcome entrepreneurs with open arms. Andrew talks on why you should maybe start a business in Europe in order to get into their residency programs and pay lower taxes. Ladan Jiracek is today's guest. He is the host of the Travel Wisdom Podcast and has been to over 100 countries. Ladan is currently residing in India with his girlfriend and talks on his experience living and starting a business there.

 

Key Takeaways:

Andrew's Editorial:

[1:25] If you're part of the Nomad Capitalist email list, you can get 80% off on Passport to Freedom.

[4:10] Should you get an European passport?

[6:25] How much do you have to invest to get an EU passport?

[9:00] You can apply to EU residency programs by starting a business.

[13:00] In some parts of Europe, tax procedures are easier than in the US.

[17:30] Andrew recommends at least looking at Europe.

[21:55] Where should you go? Where should you be in the next five years?

 

Interview:

[23:10] Andrew introduces Ladan Jiracek.

[27:20] It's never too late to start planting flags.

[30:25] It was only until a couple of years ago that Ladan thought about selling things abroad.

[32:10] Why India?

[34:00] Ladan is living off $400 a month. What does that get him?

[36:25] What business does Ladan plan to start in India?

[38:00] You have to go where you're treated best.

[41:00] What kind of flags is Ladan planting?

[43:25] What challenges has Ladan faced in India?

[45:40] Ladan talks on moving to India with his girlfriend.

 

The Lighting Round:

[47:40] One business Accent services.

[48:10] One country India

[49:15] One book Money Master the Game by Tony Robbins

[50:35] One tool Calendly.

 

Listener Question:

[53:10] What would you do if Bernie Sanders would be elected?

[54:35] Andrew will not be voting. He doesn't believe the expat vote matters.

[56:35] Can the country Georgia be the next Singapore?

[58:35] US expat tax will never go down, because it's corrupt.

[61:25] You can't vote for a safe haven.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

http://nomadcapitalist.com/2014/11/21/39-countries-reduced-taxes-business-corporate/

https://travelwisdompodcast.com/

Money Master the Game by Tony Robbins

https://calendly.com/

 

 

Sep 10, 2015

Andrew talks on the importance of planting digital flags and creating extra security measures to protect your business from possible domain seizures. The US believes all .com addresses are theirs and subjected to US law and taxes. The same can be applied to servers that are hosted on US soil. What should you do and what are the pros and cons if you were to host your website offshore? All of this and more on today's episode of The Nomad Capitalist Live.

 

Key Takeaways:

Andrew's Editorial:

[1:55] Where should you host your website and register your domain?

[4:05] If your servers are located in the US, you might be subjected to tax on your business.

[4:40] What are the pros and cons of hosting in the US?

[7:30] Pros and cons of hosting your website offshore?

[13:50] You never know when the IRS will audit you. A US server can get you into trouble.

[16:15] Where should you get your domain?

[18:55] Foreign domain names may not rank as highly in US/Canadian search engine results.

 

Interview:

[22:10] Andrew introduces Andrew Reich.

[23:15] How did Andrew R. get started in his entrepreneurial journey? 

[27:40] Did Andrew R. ever have an 'ah-ha' moment?

[29:15] What's it like living in China?

[32:40] What kind of lessons has Andrew R. learned while running a business and being a traveler?

[36:20] What flags has Andrew R. planted?

[38:30] Setting up companies in Hong Kong versus US? Which is easier?

[43:20] Has Andrew. R experienced any problems setting up bank accounts?

 

The Lighting Round:

[48:20] One business – Consumer electronics.

[49:00] One country – US or Canada.

[49:35] One book – How to Win Friends and Influence People by Dale Carnegie.

[50:40] One tool – Basecamp.

 

Listener Question:

[52:10] Would Andrew recommend opening a bank account in Singapore?

[53:05] Andrew does not like HSBC.

[53:50] Opening a bank in Hong Kong is difficult.

[56:20] Western countries will put even more pressure on foreign banks to tighten up their polices.

[57:55] Andrew does recommend Singapore, but hurry before their policies change.

 

Mentioned In This Episode:

http://nomadcapitalist.com/2013/12/15/top-5-best-countries-host-website-data-privacy/

https://www.cloudflare.com/

https://www.maxcdn.com/

http://wpcurve.com/

http://www.vital-it.ch/

http://www.intouch-quality.com/

How to Win Friends and Influence People by Dale Carnegie

http://nomadcapitalist.com/shop/lp-offer-best-offshore-banks

 

 

Sep 2, 2015

What would the world look like for US citizens living abroad if Bernie Sanders is elected President? Andrew cites an article he read in Forbes on some of the tax damages US citizens might face and other consequences to their income if Bernie were to be elected. Andrew also let's the audience know that he will be selecting 5 people to help them develop a bulletproof action plan to better secure their financial future and plant multiple flags.

 

Ben Wolford is a freelance journalist and the Founder of Latterly, a digital magazine for international journalism. Ben Wolford talks on working as a freelance journalist in New York City, why he and his wife moved to Dominican Republic, and some of the challenges they've faced along the way.

 

Key Takeaways:

Andrew's Editorial:

[4:00] It's possible every tax break for expats may go away when a new President in 2017 comes into power.

[5:10] What's the tax risk if Bernie Sanders wins?

[14:05] What happens if you make half a million a year? What does that mean for your taxes?

[19:20] Andrew believes the US is going to remain in bad shape.

[20:05] Bernie Sanders wants to tax your entire income for social security.
[24:45] Andrew will be selecting 5 podcast listeners and helping them develop a bulletproof action plan. Please email Andrew (at) NomadCapitalist.com for more info.

 

Interview:

[26:55] Andrew introduces Ben Wolford

[27:20] Ben shares his story.

[30:10] When was Ben and his wife's 'ah-ha' moment?

[34:15] How has living abroad helped Ben's business?

[37:55] If Ben was in the US, he would not have an opportunity to start his business.

[39:45] What kind of flags has Ben been planting?

[41:30] Tax preparations for freelancers overseas is not easy.

[43:20] What kind of challenges has Ben and his wife faced?

 

The Lighting Round:

[46:25] One business – Food truck.

[47:00] One country – Italy

[47:22] One book – Homelands by Stephan Faris

[48:10] One tool – Google Docs

 

Listener Question:

[49:45] Nomad Capitalist doesn't want you to hide money or do things illegally.

[50:15] What does Andrew think about the South American citizenship programs?

[52:05] Be careful who you trust.

[55:05] Where can you get a passport in six months?

[56:15] Getting a high-end hook up is not going to help you.

[57:45] If you're a US citizen and have some wealth, Andrew can help you.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

Andrew (at) NomadCapitalist.com

http://www.forbes.com/sites/peterjreilly/2015/08/30/tax-planning-for-the-risk-of-a-bernie-sanders-win/

https://turbotax.intuit.com/

http://nomadcapitalist.com/2015/07/27/the-fastest-countries-in-the-world-to-become-a-citizen/

 

 

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