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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: February, 2016
Feb 25, 2016

Andrew used to think that he knows best and shares a perfect example of how his mentality has changed over the years. Sometimes, you don't know best and you need others to take the lead so that you can get to where you want to be. This is why it's so important to surround yourself with professionals and experts you trust. However, with that being said, you also have to get off your butt and be willing to invest some of your time or resources to help others get you there.

 

Key Takeaways:

Andrew's Editorial:

[1:25] Sometimes the best thing to get done is nothing.

[2:10] Maybe some of this stuff isn't for you.

[4:30] Andrew shares a story about what happened to him in Hong Kong last week.

[10:05] Andrew doesn't want to feel good for an hour; he wants to feel good for the rest of his life!

[10:30] Andrew achieves success by trusting in the right people to get him there.

[10:50] Are you trying to be the expert when you actually aren't?

[13:55] You have to get off your butt and go take action.

[15:35] If you want to heal, you have to feel the pain.

[17:10] If you're not willing to invest your resources or time, then Andrew cannot help you.

[19:10] Why do people cheat? Andrew explains.

 

Interview:

[24:15] Why did Nick become an entrepreneur?

[26:30] What was Nick's big ‘ah-ha’ moment to start his business overseas?

[27:35] Why did Nick choose Asia?

[29:40] Nick talks about what Freedom Generation is.

[31:15] What countries have stood out to Nick for planting flags?

[32:40] What worked yesterday may not work today. Things change quickly.

[34:05] Some clients have concerns about people working overseas. They still don't understand the concept.

[35:00] How does Nick work around the time zone differences with his clients?

[36:00] Nick talks about hiring people online.

[38:25] What Nick would not be able to do if he was still in New York!

[40:50] What were some of the things Nick thought would go wrong, but didn't?

[43:10] What advice would Nick give to other New Yorkers?

 

The Lighting Round:

[44:25] One business – e-commerce or retail.

[45:15] One country – Vietnam or Cambodia.

[45:50] One book – The Personal MBA by Josh Kaufman and The 7 Day Startup by Dan Norris.

[46:40] One tool – Freedom.to

 

Listener Question:

[49:20] Where are the best countries with the highest real estate yields?

[51:15] You don't have to choose between cash flow and property. You can do both.

[55:10] Eastern Europe and West Asia offer lots of opportunity for yield if you know what you're doing.

[56:40] The best place for yield may be where you are currently.

[48:20] The real question is, where's your network?

[1:00:20] The real key to succeeding is to know what you're doing or have trusted experts to help you.

 

Mentioned in This Episode:

http://nomadcapitalist.com/

http://freedomgeneration.co./

https://freedom.to/

The Personal MBA by Josh Kaufman

The 7 Day Startup by Dan Norris

Feb 17, 2016

Andrew is a big supporter of writing things down. He talks about some of the key lessons he has learned from Tony Robbins over the years about taking action. He shares this knowledge so that you, too, can work towards something meaningful. Andrew asks an important question: “What are your ‘must’ items in life?” What do you want to achieve before you die?” Write them down now so that you do not get distracted by the shiny, but meaningless objects that pass you by.

 

Key Takeaways:

Andrew's Editorial:

[2:30] Andrew talks on how he wanted to create a different company culture for his business.

[4:15] You gotta have the right mindset when starting business offshore.

[5:10] Andrew and his team are setting aside time every day to learn how to be better at what they're already doing.

[8:10] How can we implement better service principles?

[8:40] Quick action steps: Learn, write down your takeaways, and build an action plan.

[8:55] What are your 'must' items in your life?

[9:10] Andrew explains the 80/20 rule.

[10:45] Write down the things you have to have & the things you want to accomplish.

[11:45] Stop looking at the next shiny object and look at your 'must have' item list instead.

[13:15] Create a life you're happy off!

[15:40] Ask yourself: What do I really want? Why do I want it? What do I need to do?

[21:50] Until you have your 'why', Andrew can't help you.

 

Interview:

[23:35] Andrew introduces Andy Galt.

[24:10] Why did Andy want to become an entrepreneur?

[25:25] What was Andy's big 'ah-ha' moment?

[26:50] Americans prefer to borrow, whereas the Chinese prefer to save to start their business.

[29:10] You can't really fix people in the Western world.

[31:25] Andy talks about running his web business in Georgia.

[32:50] Why did Andy pick Georgia?

[35:00] What are Andy's thoughts on Asia vs. Europe?

[37:15] What kind of flags has Andy planted?

[41:30] What has been Andy's greatest business success since leaving the US?

[44:20] Andy doesn't like hiring Americans.

[45:10] Are Americans really that lazy?

[46:05] What kind of challenges has Andy experienced overseas?

[48:30] It's a challenge finding love when you're a nomad.

[49:25] Why is Tinder a problem?

 

The Lightning Round:

[51:50] One business – Prepaid cellphone kiosk.

[52:35] One country – Croatia.

[52:50] One book – The Road to Serfdom by F.A. Hayek

[53:30] One tool – Evernote.

 

Listener Question:

[56:05] What is Andrew's number one criteria before moving to a country?

[59:00] Chile isn't the worst place to go, but it's not the best place either.

 

Mentioned in This Episode:

http://nomadcapitalist.com/

http://nomadsconcierge.com/

http://globalmingle.net/

F.A. Hayek by The Road to Serfdom

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