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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Nomad Capitalist Live



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Now displaying: March, 2016
Mar 24, 2016

One of the main themes Andrew has continued to touch on throughout the year is around fear and inaction. Andrew understands what fear can do to someone and their success because fear has also, at times, taken control of Andrew. This is one of the reasons why he invited Matt Dubiel to join him on the show. Matt is still living in the US and has not made the step to move overseas and become a nomad just yet. Andrew and Matt talk on fear, what the outside world looks like to the average American, and what's holding him back from his nomad journey on today's show.


Key Takeaways:

Andrew's Editorial:

[3:25] Why do you feel stuck?

[3:45] The reason why you're stuck is because you have too much fear.

[5:00] One of Andrew's fears is going out and making the investment.

[5:25] Andrew would've been more successful if he didn't have fear about taking action.

[7:35] We all have fears. It's normal. However, you can still get things done.

[8:35] Your plan needs to be able to serve you now, not later.

[10:55] Today, Andrew wants you to hear some of the valid fears his guest has.

[11:10] The biggest thing that has held Andrew's guest entrepreneurs back is their fear.

[13:25] Do something old school. Write down all the pros and cons of the things you want to do.



[16:55] One of the benefits of traveling abroad is that it's a very balanced world out there, especially compared to what the media thinks.

[17:45] As long as you live in the US, it's hard to see what's considered normal vs. what's not; like having to own a car, for example.

[18:40] When you step outside of the US, everyone else isn't as judgmental. There are suddenly new standards to living.

[20:55] We convince ourselves that these little things don't affect the work we do.

[21:15] Andrew believes he has gotten more things done just by being outside of the US and not being focused on keeping up with the Joneses.

[21:50] Believe it or not, material possessions do not bring you happiness.

[23:00] The things we own end up owning us.

[24:55] When did Matt realize he should be looking offshore instead of onshore?

[27:35] There has to be a better way, right? Matt explains further.

[29:50] The US is shifting significantly and Matt is beginning to see a lot more division in the classes.

[30:15] The American dream can be found elsewhere. It can be found in places like the Philippines.

[35:30] The American people want a hero, but there is no hero and a President is never going to be a hero that solves everything for everyone.

[41:15] What's holding Matt back from moving overseas?

[44:10] Lean into the fear.

[48:40] How can you be more open minded to 'the outside'? Matt says to travel and bring your family along.

[53:40] You can solve a lot of problems just by decluttering your life.


Listener Question:

[57:35] Is citizenship by descent worth the hassle?

[57:50] The worst second passport is the one you don't have.

[59:55] It can take up to three years to get a Polish passport by descent.

[1:00:35] Going through the descent route may not be for you.

[1:02:20] Nothing in life comes free.

[1:04:30] What are your end goals with getting this citizenship?


Mentioned in This Episode:

Mar 16, 2016

What is the definition of easy? Easy means a lot of different things to a variety of different people and that's the point Andrew would like to drive home on today's opening segment. Do not get sucked into outside messaging trying to convince you something is easy when it doesn't even fall in line with something you want. Andrew believes that you should have a clear plan and a clear definition towards why you're working for the things you're working for, that way you can define what is the best and the easiest way for you to get there.


Key Takeaways:

Andrew's Editorial:

[2:10] Are you planning to move overseas because the 'wrong' President will be elected?

[3:00] So many people feel crazy to leave their home town.

[4:50] 'If so and so President gets elected, I'll move to Canada.' Why Canada? Why not Mexico?

[6:55] If you renounce your US citizenship, you will need a visa to visit the US.

[7:30] It has become harder to become a citizen of Uruguay.

[10:15] What does easy really mean?

[11:05] People say Panama is easy, but it really isn't.

[14:00] Why do you really want a second passport?

[15:30] Have a plan and know the real reason why you are aiming for a new residency card.

[17:25] The reality is, you may never really need a second passport.

[18:15] The moral of the story is, what is easy and does it serve your purpose?

[21:00] Easy isn't always the best way. Good options are often not marketed as easy. 

[21:20] The easiest way to lose weight? Eat better and exercise, not that hard, you just have to do it.

[21:40] Why do you want to move to another country? If you don't have the answer, don't do it yet.

[24:35] What is easy for Andrew, might not be easy for you.



[27:15] Andrew introduces Sarah.

[27:50] Why did Sarah want to be a nomad/traveler?

[29:30] People don't travel because they don't know where to get started.

[30:35] When you travel, you can make friends wherever you are.

[31:30] What kind of fears did Sarah have when she started traveling?

[35:00] For tax purposes, it's good to know how many days you've been in each country.

[36:40] Spain is a place you want to live in, but not a place to do business in.

[37:50] How is Sarah planting her flags?

[41:35] South East Asia is fun, but it's not a place to live in for a long time.

[44:10] Men vs women traveling to South East Asia? Is it less fun for women to go there?

[45:15] There are differences in dating.


The Lighting Round:

[47:00] One business – No answer.

[47:25] One country – A warm country like Spain or Australia.

[48:15] One book - Invisible Selling Machine by Ryan Deiss

[49:15] One tool – Basecamp.


Listener Question:

[51:55] What kind of creature comforts has Andrew added into his travels?

[54:15] Andrew will be taking a duffel bag full of teas.

[56:45] A country like Georgia doesn't have a lot of creature comforts.

[57:05] There's an opportunity to provide creature comforts in countries where they don't have them.


Mentioned in This Episode:

Invisible Selling Machine by Ryan Deiss

Mar 2, 2016

Be very wary of the word 'free'. Free often means it lacks value and gives you a bad opinion over things with value that are worth the high-price tag. Andrew talks about how the island of Pitcairn is offering free land to those who want it, as long as they're willing to live there. Today's guest is Jiah Kim, an entrepreneur who went back to school to become a lawyer. She now uses her expertise to help serve others on an international basis. Listen in to find out more about her story.


Key Takeaways:

Andrew's Editorial:                              

[2:00] How is the world changing and how will you keep up with it?

[2:45] Why does nobody want 'free' land?

[7:50] If you want to move to Pitcairn, they've got some free land for you.

[11:40] Get away from 'free' things!

[12:40] Someone invited Andrew to an event and he explains why he didn't go.

[15:45] Free things reduce the true value of real, quality things.

[21:40] What's a really good investment worth? Well, it isn't free.



[24:00] Why did Jiah decide to become an entrepreneur?

[25:55] Why did Jiah leave her entrepreneurship career to become a lawyer?

[28:10] Most people become a lawyer and then throw it away, but it seems Jiah did it differently. She adapted her skill sets to entrepreneurship.

[29:15] How does Jiah manage being a lawyer/entrepreneur at the same time?

[31:50] What was Jiah's 'ah-ha' moment to having an international business?

[35:45] What are Jiah's thoughts on Southeast Asia?

[38:20] In what ways has Jiah been diversifying herself?

[42:30] At what point is it considered that you've 'lived' in a country? Apartment in your name? A certain amount of friends?

[44:20] Jiah feels that when she travels often, she loses productivity.

[46:40] Jiah's biggest challenge to being a nomad is the lack of family support.


The Lighting Round:

[48:30] One business – Restaurant or water filters. 

[49:45] One country – China or US.

[50:20] One book – Gone with the Wind by Margaret Mitchell.

[51:10] One tool – AreoPress.


Listener Question:

[55:10] How do you know when you need an asset protection trust?

[56:25] $500,000 is when you have to start thinking about it.

[56:30] But the real question is, why do you need a trust in the first place?

[57:10] By having a trust, what are you trying to accomplish?

[59:45] The better question to ask is, 'what are my threats'? And then solve those problems instead.


Mentioned in This Episode:

Gone with the Wind by Margaret Mitchell

Anything You Want by Derek Sivers