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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: April, 2016
Apr 28, 2016

If you're wondering what it takes to become a Nomad Capitalist, Andrew has a couple of answers for you. The first question you should always ask yourself is, 'why?' Why are you doing this? Why do you want to have a second passport or renounce the one you currently have? You must, must know your 'why' before you set off to acquiring new flags. Andrew says you become a Nomad Capitalist when you know what freedom looks like to you.

 

Key Takeaways:

Andrew's Editorial:

[1:10] How do you become a Nomad Capitalist?

[2:10] Your story is important. You have to put yourself first and go where you're treated best.

[2:30] When people call Andrew, they always like to ask him, 'Where are you now?'

[3:25] Traveling can be fun, but you have to know if it's right for you.

[6:25] So, what do you have to do to become a Nomad Capitalist?

[7:05] Always ask yourself 'why?'

[7:25] Don't ever lose sight of the why. If you don't have a why, you'll never get to the right place.

[9:35] Do what's comfortable for you. The answer is different for everybody.

[15:30] Get the right strategies in place and then go live the life of your dreams.

[17:45] What does freedom mean to you?

 

Interview:

[19:40] Why did Olivier want to become an entrepreneur?

[20:45] What were some of the things that pushed Olivier to entrepreneurship?

[22:05] Olivier saw firsthand how broken his employer's system was.

[23:15] When was Olivier's big aha moment on becoming a nomad?

[25:25] You sometimes have to let go of your old notions in order to find your true path.

[25:40] People stay in bad situations because they are comfortable.

[26:40] If you want comfort, this lifestyle may not be for you.

[27:40] If something is going to go wrong, there's a good chance you didn't think about it.

[27:55] Have a plan B, but don't develop anxiety over the worst case scenario.

[28:15] Why did Olivier leave France and move to the US?

[32:05] Olivier talks about some of his favorite places to plant flags.

[32:35] Let's talk banking, what has worked and what hasn't?

[34:55] Olivier sees Thailand going down the wrong path.

[37:05] What kind of problems has Olivier run into so far?

[39:35] Hong Kong is becoming a mess in terms of banking.

[41:25] The US bank told Andrew's mother to not bring debit cards to Malaysia, because it's fraud city.

 

The Lighting Round:

[44:25] One business – something immigration related and/or a co-working space.

[45:15] One country – Brazil.

[45:50] One book – Jonathan Livingston Seagull by Richard Bach.

[46:45] One tool – Google drive.

 

Listener Question:

[49:05] What would make Andrew move if he was still living in the US?

[49:30] Everyone says they're going to move to Canada if so-and-so is elected.

[50:20] If you love freedom so much, why not Mexico?

[52:25] The system is the problem, not the person being elected.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Andrew@nomadcapitalist.com

www.1040abroad.com/

Jonathan Livingston Seagull by Richard Bach

Apr 23, 2016

Andrew discusses some of the pros and cons of owning agricultural land. If you're interested in purchasing agricultural land, then you must have a trusted lawyer by your side to make sure everything is in compliance with the law and that the deal you're about to go through is 100% legitimate. Too often you hear horror stories of people getting screwed over by bad apples. Andrew also recommends to look into agricultural land throughout Eastern Europe, as it is often far cheaper than agricultural land in Latin America and many other countries. 

 

Key Takeaways:

 

Andrew's Editorial:

[2:20] Jim Rogers believes sometime in this century farmers will go back to holding all the wealth.

[3:00] Andrew talks about The $10 Trillion Prize.

[4:40] On a large scale, cows take a lot of land compared to rice fields.

[4:45] This is why people talk about agricultural land being so valuable.

[5:20] The problem with agricultural land is that it's not only a long term investment, but also an expensive one.

[6:20] There are other compelling reasons to own agricultural land. 

[7:55] Andrew wants your feedback about the investment he is making.

[9:15] Being on the ground is often better than being online.

[9:55] Most people don't have $7.2 million to put into agricultural land.

[10:05] Andrew is acquiring a small cattle ranch in Eastern Europe because it's cheaper.

[11:15] If you can't get the top lawyer in town, then get the best lawyer you can and pay them!

[13:55] There aren't a lot of good metrics on what agricultural land is worth, which is why you need to have people you trust, like lawyers, by your side.

[20:15] Have a lawyer, have a lawyer, have a lawyer.

[23:05] There are places where you can get residency if you purchase agricultural land.

 

Interview:

[23:45] Andrew introduces Daniel.

[25:10] Daniel had both Swiss and US passports at birth.

[27:00] Daniel talks on why he decided to renounce his US citizenship.

[29:40] What was Daniel's big aha moment?

[30:15] The US policy on how they handle their US citizens living overseas is disturbing.

[30:40] Why Switzerland? 

[34:10] What did Daniel do after he renounced his US citizenship?

[34:40] Switzerland has no capital gains tax.

[34:50] What other flags has Daniel planted?

[35:50] Daniel's 11-year-old daughter is a US citizen and she is also running into some problems.

[40:25] Does Daniel go back to visit the US?

[42:25] Daniel feels like it's easier to go back to the US as a non-US citizen than as a citizen.

[43:50] What kind of problems has Daniel faced since he renounced his US citizenship?

 

 

The Lighting Round:

[48:50] One business – any type of business online.

[49:25] One country – Switzerland.

[50:15] One book – books on renouncing US citizenship. 

[50:55] One tool – The American Expatriates Facebook group.

 

Listener Question:

[53:30] How do you stay healthy while traveling?

[55:15] Andrew recommends apple cider vinegar.

[57:05] If you feel bad, stay in and just knock it out.

[58:40] There's usually a pretty simple solution to most things.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Andrew@nomadcapitalist.com/

The $10 Trillion Prize by Michael J. Silverstein

https://www.facebook.com/groups/AmericanExpatriates/

Apr 14, 2016

It's that time of year again where, guess what, you're paying high amounts of taxes. If everyone around you is getting excited about their refund check and you're not, you already know you're different. This year is the best time for reflection and to find out what you truly want. Don't wait another year to achieve the financial freedom you so desire and crave.

 

Key Takeaways:

 

Andrew's Editorial:

[1:45] It's that time of year again...to pay taxes.

[2:10] Why don't you blow your refund check on some brand new patio furniture?

[3:40] If you're listening to the show you already know you're different.

[3:50] No one is ever going to commend you for getting an offshore back account.

[4:15] There is a growing feeling that the western government is there to take care of the people and if you don't feel that way, you know you're different.

[8:00] Don't save. Rely on social security, because the politician said so.

[10:30] Focusing on why a politician is bad does not help solve the problem. You have to understand how the impact of so-and-so person being elected will affect you.

[11:25] Eastern Europe has some of the lowest tax rates in the world.

[15:20] If you live in the US full time, expect to pay.

[15:25] You're looking for a new way out? A new president isn't going to fix that.

[16:35] If you're uncomfortable with writing the IRS a big check every year, then you need to make a change.

[20:15] This is a good time of the year to reflect on where you really want to be financially.

 

Interview:

[22:05] Why did Ashley want to become a freelancer?

[23:20] Teaching English overseas is not everyone's dream job.

[23:30] What was Ashley's big ‘aha’ moment?

[27:05] Why did Ashley want to live in Mexico?

[28:10] Mexico City is one of the biggest cities for museums in the world.

[29:45] The food in Mexico just seems better, even the coke tastes better.

[33:35] Biggest challenge for Ashley has been getting her residency.

[35:00] Doing it yourself sometimes is a huge headache.

[38:25] What are some of the successes Ashley has achieved that she wouldn't have been able to accomplish back home?

 

The Lighting Round:

[41:25] One business – Recycling.

[42:10] One country – Mexico.

[43:25] One book – Poor Economics by Abhijit Banerjee and Esther Duflo.

[44:20] One tool – Google hangouts.

 

Listener Question:

[50:25] How can a Canadian citizen, who owns physical property in Canada, no longer become a resident of Canada?

[52:20] You have to move or sell your stuff in Canada.

[55:10] This is a complicated case.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Andrew@nomadcapitalist.com/

Poor Economics by Abhijit Banerjee and Esther Duflo

Apr 7, 2016

Andrew discusses current trends happening in Asia and how it's slowly becoming more and more difficult to do banking there. The Nomad Capitalist slogan is, 'go where you're treated best', but Asia, Central, and South America are becoming more difficult for residency purposes and it's becoming harder to receive the treatment you want. Andrew is moving out of Asia and focusing more of his efforts in Georgia. 

 

Key Takeaways:

 

Andrew's Editorial:

[1:35] Andrew is no longer recommending South East Asia?

[2:55] Looking to diversify internationally? Focus on making your life easy.

[3:45] Banks in Hong Kong are becoming more difficult.

[4:30] If you're a nomad capitalist, Asia is becoming more difficult.

[6:45] Growth is moving back to Asia.

[7:10] If you're looking for safe havens and diversifying your life, there are easier options.

[7:50] When a Hong Kong bank is suspending your account, what do you do?

[11:00] Andrew personally loves Georgia. Banks are easy, life is easy.

[12:25] You get treated better, bank wise, in Europe.

[15:45] What's happening in Asia is also happening in Central and South America.

 

Interview:

[19:15] Why did Nathan become a nomad?

[20:55] Nathan was isolated in his home country of New Zealand and wanted to travel.

[21:45] Why did Nathan start his business overseas?

[23:15] Narrow down what your strengths are.

[23:50] You don't have to scale all that much to live the life of your dreams.

[26:00] Look at the skills you already have and see how you can use those to make money online.

[27:55] If you can't be authentic, then you're not going to be a successful talent.

[28:10] Are you doing this because you're a leader or because you're following someone else's footsteps?

[29:30] In this day and age, why not? It's possible to travel around the world and have a business.

[30:15] Andrew couldn't do and still can't do hostels.

[31:25] Andrew's financial advice is boring have an emergency fund, have six months of living expenses in the bank, etc.

[33:30] What flags does Nathan like currently?

[35:10] There are a lot of great options in Europe.

[35:15] Nathan really loves Norway banks.

[38:20] Nathan shares his experience in Thailand.

 

The Lighting Round:

[40:30] One business Electronic payment system

[41:35] One country New Zealand

[42:40] One book - Antifragile by Nassim Nicholas Taleb

[43:55] One tool - Starbucks

 

Listener Question:

[46:50] What's Andrew's opinion on buying agricultural land?

[47:40] What are your goals by trying to buy agricultural land?

[48:30] Owning agricultural land is a good thing, but there's a lot of garbage land out there.

[49:50] Really do your due diligence on the agricultural land you're planning to buy. It's often misleading.

[51:35] Know the rules and the laws to this land.

[52:30] Be aware that you might be overpaying for your property.

[53:00] Agricultural land is very good, as long as you're doing it the right way.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

www.nomadcapitalist.com/2016/04/01/reasons-leaving-southeast-asia/

Andrew@nomadcapitalist.com/

www.assembleadvisory.com/

Antifragile by Nassim Nicholas Taleb

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