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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: June, 2016
Jun 30, 2016

Should you worry if the EU were to split apart? What would that mean to the value of your EU passport? Andrew believes that if the EU were to break away completely, the good passports that are already good will still remain so. The British passport isn't going to become dirt just because they're no longer attached to the EU and the same applies to France, The Netherlands, etc. Andrew believes that you should continue to strive for a good EU passport and to keep doing things the right way.

 

Key Takeaways:

Andrew's Editorial:

[1:15] Andrew has set a personal goal to read 100 books in the 2nd half of 2016.

[3:40] Andrew writes in a gratitude journal every morning and night.

[4:15] One of Andrew's clients recently saved about $400,000 in taxes.

[6:40] What's going to be left of Europe in 5-10 years?

[9:45] Things are getting harder and harder.

[11:25] Remember, imperfect action is better than perfect inaction.

[13:15] Don't read the tea leaves. A lot of news articles aren't that relevant to you.

[13:45] Are you diversified? Yes? Then you don't need to worry.

[14:45] Make sure you're setup right to begin with.

[15:25] Focus on the end result that you want. Don't make things more complicated for you.

[17:15] Once you have a full strategy in place, you are going to feel a lot better.

 

Interview:

[21:05] Why did Yuri want to become an entrepreneur?

[24:35] You have more options when you learn a different language.

[30:15] Why did Yuri decide to go to China?

[32:10] How has Yuri planted flags in China?

[33:15] Accepting a foreign payment can take time in China.

[34:40] Is now a good time to find a job in China?

[36:00] Since China works on a global scale, they need skilled foreigners.

[36:25] What kind of benefits does China offer?

[37:15] It's quicker to climb the ladder than it is in Yuri's home country.

[37:40] Native English speakers have an advantage.

[39:10] No matter what you do, you can find your place in China.

[42:45] How easy is it to make friends in China?

 

The Lighting Round:

[44:20] One business – employment or social network.

[44:50] One country – China.

[45:40] One book – Think Like Chinese by Geoffrey Baker.

[46:00] One tool – Asana.

 

Listener Question:

[48:50] What's going to happen post-Brexit?

[49:50] If you have a good passport, it's probably going to remain a good passport.

[50:50] The British passport will not turn into a rag.

[52:00] Andrew still recommends working towards an EU passport. It's still worth it if you can afford it. 

[52:25] Even in the event of the EU falling apart, your post-EU passport will still have value.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Email Andrew: Andrew@NomadCapitalist.com

https://www.laowaicareer.com

Email Yuri: Yuri.Khlystov@laowaicareer.com

Blog: https://blog.laowaicareer.com

Call Yuri: +86 150 1053 2542

Jun 23, 2016

Why would a digital nomad want to open a business in Spain? It would be a disaster based on how things are going with the economy currently. Over half of Spain’s youth is unemployed and restaurants are closed down hours at a time. The Spanish people are not optimistic about their economy and there’s no outside forces that want to come in and fix it due to Spain’s horrible visa programs. Most of the talent has left Spain and the world is slowly discovering that Spain is creating a vicious cycle for itself.

 

Key Takeaways:

Andrew’s Editorial:

[2:15] Things you should be aware of in Spain.

[3:50] Nomad Capitalists may not like the direction in which Spain is going.

[5:00] Andrew is currently in Spain, just hanging out.

[5:25] Andrew believes the best hope for Spain is tourism and digital nomads.

[6:00] What’s the problem with Spain exactly? Andrew explains.

[9:05] Why would you come to Spain to run a company? It’s a disaster.

[12:45] Andrew loves Georgia, but he recognizes it’s a bit frontier. There’s no Starbucks, for example.

[13:55] When a country is going in the right direction, try finding an empty restaurant.

[14:15] Andrew believes Spain can turn around, if the government wanted to.

 

Interview:

[16:15] Let’s shake things up.

[16:50] Stephen flipped the script and gave up traveling to settle back in the U.S.

[17:30] Why did Stephen become an entrepreneur?

[19:05] Why did Stephen want to move overseas?
[22:35] Stephen grew up poor and one of his goals was financial freedom.

[24:30] What did Stephen learn in China?

[28:25] Did Stephen ever think that China would get ‘old’ for him?

[29:35] Why did Stephen go back to the U.S.?

[32:25] Stephen doesn’t feel like an American anymore.

[35:00] Most countries don’t want to do business with American citizens.

[36:15] Banking in the U.S. has been difficult for Stephen.

[38:35] If you’re going to leave the U.S., get an international friendly bank.

[39:30] The three things Americans obsess about is the weather, the traffic, and McDonalds.

[40:55] Why do you need an update on traffic?

[41:20] Does Stephen have problems dating someone from the same country now that he has traveled?

[44:00] It seems people outside of the U.S. are more fulfilling.

[47:25] What would you do if you knew you couldn’t fail and what would you do with the rest of your life?

[48:10] Invest in getting your mind and body right first.

 

The Lighting Round:

[48:35] One business - Marketing consulting.

[49:35] One country - Latvia. 

[50:15] One book - Awaken The Giant Within by Tony Robbins.

[51:45] One tool - Skype.

 

Listener Question:

[54:10] Sign up to the Nomad Capitalist email list to get all the latest updates.

[54:50] Why does Andrew not offer refunds on Nomad Capitalist products? 

[57:00] It’s not about selling more products.

[1:01:20] Thinking you can return the product makes you not want to use the product fully.

[1:02:05] Andrew has cut back on those books and products.

[1:03:10] People get the right results because it’s tailored to them and refunding products will just divert focus for the team.

[1:04:05] Quality over quantity is much more important for Andrew.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Andrew@NomadCapitalist.com

www.stephenhilgart.com/

Awaken The Giant Within by Tony Robbins

Jun 16, 2016

Andrew discusses the possibility of the government taking away your passport through some back door method that does not violate UN laws; Australia, Malaysia, and Turkey having the ability to suspend your passport for a number of years and the United States passing a law in 2015, giving them the same power. What happens when you're no longer able to leave your own country? When your passport is no longer valid? Andrew says that working on acquiring residency in a different country and/or a second passport should be done sooner rather than later.

 

Key Takeaways:

Andrew's Editorial:

[2:45] What happens when you can't leave the country?

[4:40] Andrew talks about a US law that was passed in 2015, which could potentially take US passports away.

[9:15] Andrew talks about Spain's unemployment problem.

[10:35] Even honest business men are having IRS problems.

[11:40] Malaysian citizens can have their passports taken by the government. Same with Turkey.

[12:35] Andrew does not recommend you get a Malaysian citizenship.

[15:45] It's always best to start the citizenship/residency clock sooner rather than later.

[17:55] Why are you getting a second passport? Ask yourself that question. Get clear on your ‘why’.

 

Interview:

[21:15] X is currently building a business in the Ukraine.

[21:30] Where is X from?

[23:15] Don't look back. Take advantage of the opportunities that are in front of you today.

[25:20] Why did X leave the US?

[27:15] Why did X pick the Ukraine as his home base?

[28:50] X wanted to go towards something he was not familiar with.

[31:30] X believes if you move around too much, it can have a negative impact on your children.

[32:55] What does X like about the Ukraine? Any surprises?

[34:50] Is it difficult to find English speakers? Yes.

[37:05] What kind of flags has X planted?

[39:00] What are Ukrainian banks like? They are currently terrible.

[42:00] X wouldn't have been able to start this type of business in the US.

[43:05] What kind of challenges has X experienced?

[44:20] X talks about the positives of being a nomad.

 

The Lighting Round:

[46:10] One business - Cosmetics.

[46:40] One country - Ukraine or Thailand.

[47:15] One book - The Go-Giver by Bob Burg and John David Mann.

[47:45] One tool - Asana.

 

Listener Question:

[49:25] Feel free to email Andrew any of your questions.

[49:45] How can you buy nutritional supplements in a frontier economy?

[51:10] There are limited options.

[53:00] It's better to send your items to a mail facility that can package them up and ship it to you.

[55:55] It's going to cost a little bit more, so is it worth your time?

[56:25] Andrew does not recommend Earth Class Mail.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Andrew@NomadCapitalist.com

www.essenceofemail.com/

www.asana.com/

The Go-Giver by Bob Burg and John David Mann

Jun 9, 2016

In today's quick intro, Andrew emphasizes the fact that 'off-the-shell' passports are no longer the go-to choice. That is because respective governments are noticing these people are potential tax evaders and are denying access to renounced citizens. Instead of finding the quickest and cheapest method, invest the time in securing your future and find a country you would actually like to live and be a productive citizen in, then acquire the passport.

 

Key Takeaways:

Andrew's Editorial:

[1:25] Spain is falling apart.

[1:50] Some countries in Europe have between 30-40% youth unemployment.

[2:50] Why won't Andrew buy property in Spain?

[4:20] If Andrew had to compare the US to Spain, he'd be more optimistic about the US.

[4:40] Can Spain even hit rock bottom?

[7:55] Andrew explains why you have to get your passport/legal documents done correctly and legally.

[10:10] Andrew is currently in the process of getting an economic citizenship and it wasn't cheap.

[11:05] The cheapest and fastest passport isn't always the greatest and Andrew doesn't recommend it.

[15:40] Will there come a day when the US looks at all the US-born people who have gotten off-the-shell passports?

[17:40] The EU is not looking to let a lot of people in right now.

[19:00] Planning on renouncing your citizenship or getting a second passport? You need strategy.

[24:00] Do things that will solve your problem. If you want to travel the world, then having a weak passport won't get you there.

 

Interview:

[25:45] Why did Milos want to be an entrepreneur?

[29:15] Rebellion is just a symptom of the entrepreneurial spirit that you have.

[30:45] Why did Milos leave New York for an education?

[34:25] What was the first thing Milos did to start his company in Poland?

[39:40] It was a difficult job to teach Polish staff the standards of customer service.

[43:35] Could Milos’s business work in Serbia?

[45:20] What are some of the pros and cons of Poland?

 

The Lighting Round:

[50:10] One business – Grocery store.

[51:20] One country – Panama.

[52:05] One book – Nietzsche.

[53:55] One tool – Evernote.

 

Listener Question:

[56:25] Why does Andrew recommend Cambodia and not Vietnam?

[58:10] People in China and Asia love buying real estate.

[59:35] Cambodia is a great place to invest.

[1:00:50] Time is not on your side.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

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