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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, 2016
Sep 29, 2016

Andrew dives in on some of the common questions he receives about taxes. People are always wanting to reduce their taxes, but sometimes they're completely unwilling to change their current lifestyle to make that happen. How can you reduce your taxes without moving out of the country? Well, the short answer is you can't. At the end of the day, it boils down to what kind of freedoms you want and why you really want to reduce your taxes.

 

Key Takeaways:

Andrew's Editorial:

[2:10] Let's talk about taxes.

[4:00] Countries like Australia are ruling more in favor of the tax man.

[4:20] It's subjective as to whether or not you really did leave the country or if you're just avoiding tax.

[4:30] Even if you've left the country for more than 183 days a year, this doesn't always mean you're a taxable non-resident.

[6:45] How can I pay nearly zero tax like the big corporations do?

[7:50] Andrew does not recommend hiding your money from the government. Nothing good will come of that.

[12:10] How does Google, and other big companies, diversify?

[15:45] How do you save taxes without moving?

[17:35] Like California? Then you might like Chile.

[22:30] But I can't leave the US and I want to reduce my tax bill!

[23:10] So, why do you really want to pay less tax?

[25:10] Andrew has never been to Greece.

 

Interview:

[26:40] Why did Yasmine become an entrepreneur?

[28:15] How does Tibba help people?

[30:05] Where is Yasmine from?

[32:50] How does Yasmine deal with ups and downs?

[34:45] Which is more productive — working in a new and different space or settling down in one place to work?

[38:55] Since Yasmine is so remote, how does she setup her companies?

[40:25] What kind of challenges has Yasmine faced?

 

The Lightning Round:

[43:05] One business – Taiwanese dessert.

[44:20] One country – New York.

[44:50] One book – Never Eat Alone by Keith Ferrazzi.

[46:00] One tool – Calendly.

 

Listener Question:

[48:20] What type of business does Andrew miss while traveling?

[51:55] You do want to have a home base with all your comforts as you travel the world.

[53:05] Andrew personally likes smaller houses. 

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Gotibba.com

Never Eat Alone by Keith Ferrazzi

Calendly.com

Sep 15, 2016

Andrew discusses why holding a mediocre passport may not be as bad as you might think. It is no secret that tax laws are only going to get stricter, so perhaps it's time to have other options where you're not forced to stay in one area for the rest of your life. By holding another passport, you may have more flexible visa options and won't have to jump through as many hoops to travel and explore new countries. Tune in to hear Andrew's full commentary.

 

Key Takeaways:

Andrew's Editorial:

[1:25] Let's talk about bad passports.

[2:20] US passports rank between 13-14th.

[3:40] What's considered a bad passport?

[6:20] Andrew discusses some of Australia's tax rules.

[9:40] It may be worth it to have a passport from a country with less influence.

[9:55] FACTA for the world will start next year.

[11:15] Having a 'bad' passport may actually get you better visa-free travel.

[11:45] Maybe it's time to get an African passport.

[15:35] There are benefits to having mediocre passports!

[20:10] Always follow the law!!

 

Interview:

[22:35] How did Simone get started?

[26:30] Simone wasn't happy with where she was.

[29:50] You have to be happy first.

[30:50] Why did Simone travel to Bali?

[31:50] Simone loves attending workshops and other activities where there are other nomads present.

[36:25] What kind of challenges has Simone faced?

[37:45] Simone discusses the important relationships she has developed through her travels.

 

The Lightning Round:

[40:15] One business – Dating business.

[41:30] One country – Europe.

[42:00] One book – Busting Loose From the Money Game by Robert Scheinfeld.

[42:35] One tool – ScribbleLive.

 

Listener Question:

[44:40] What kind of side hustles should an aspiring nomad pursue?

[45:55] Make it a full-time hustle!

[47:15] You have to make a full commitment to yourself.

[49:15] Get an emergency fund together.

[52:05] Become a nomad full-time, not part-time.

 

Mentioned in This Episode:

www.nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

www.frompaintopower.de

Busting Loose From the Money Game by Robert Scheinfeld

www.scribblelive.com

www.rescuetime.com

Sep 8, 2016

Mashable recently came out with an article titled, 11 ways Millennials can save money. In it, the author recommends Millennials wash their hair less frequently in order to save on shampoo costs. Andrew comments that the Millennial culture is a painful one, but that pain is being buried and it's only going to get worse. As an outsider peeking in, Andrew sees a culture were depriving yourself is cool and wants to warn others that it really, really isn't.

 

Key Takeaways:

Andrew's Editorial:

[3:30] Andrew reads off a Mashable article on 11 ways Millennials can save money.

[4:15] Half of kids in Spain don't have a job.

[7:30] Couple plans on moving from Michigan to South Africa in order to cut their cost of living and pay off their student loans.

[9:10] Nomad Capitalist helps lessen the perceived pain of moving to a foreign country.

[9:35] You need to have a little bit of pain in order to make a positive change.

[12:20] In the Western world, there is so much pain under the surface. So much buried pain.

[12:45] There's a culture starting to develop where depriving yourself is cool.

[15:25] Don't let the culture drag you down and convince you that deprivation and high taxation is cool.

[18:55] Looking to change your lifestyle? Visit www.nomadcapitalist.com.

 

Interview:

[21:20] Why did Anastasiya become an entrepreneur?

[25:05] What was Anastasiya's aha moment?

[28:20] Why do people seem to dislike the corporate culture so much?

[33:45] Women in Europe don't like going to the gym as much as men do. It's a very male-dominated environment.

[35:50] What kind of flags is Anastasiya planting in Italy?

[39:00] Building good rapport with others in Italy is everything.

[39:55] How does Anastasiya manage her long distance relationship with her husband?

 

The Lightning Round:

[41:30] One business – Cooking tours.

[42:05] One country – Italy

[43:05] One book – How to Win Friends and Influence People by Dale Carnegie.

[43:40] One tool – Some kind of translator app.

 

Listener Question:

[46:00] What should someone's net worth be when looking into trusts?

[46:55] There just doesn't seem to be a real need for a trust.

[48:30] Around $500,000 is when you should start thinking about it.

[49:45] Look at alternative ways before you go jumping to get a trust.

[50:00] Remember, Andrew's advice is just an overview. With something like this, you do need situation-based advice from an expert.

 

Mentioned in This Episode:

www.nomadcapitalist.com

Email Andrew: Andrew@NomadCapitalist.com

11 Ways to Save Money as a Millennial

To cut their cost of living and pay their student loans, this couple is moving from Michigan to South Africa

www.anastasiyacraze.com

Anastasiya on Instagram

How to Win Friends and Influence People by Dale Carnegie

Sep 1, 2016

When people talk about asset protection, very rarely does a conversation come up on how a young person with not much wealth can protect their assets. Truth be told, asset protection is important to everyone, no matter how little you have. Andrew discusses what threats should a young person be aware of, and how to properly prepare based on those threats. The threat of government taking your money away is always a possibility, but how real is that to you? How real is it that you'd get sued? These are just some of the things you have to take into consideration.

 

Key Takeaways:

Andrew's Editorial:

[1:25] Let's talk about asset protection.

[2:20] How can the younger generation protect their assets?

[2:50] Andrew lists reasons why you'd want to protect your assets in the first place.

[4:40] There are ways the government can take your money, but you need to figure out what those real threats are.

[5:45] What are the issues you're currently facing? Write them down.

[7:40] Keep in mind, the more difficult you make things, the more difficult it'll be to access your money in the future.

[7:50] Some Bitcoin exchanges are being run like banks.

[8:20] You want to put together a plan that will not complicate things for you later down the line.

[13:30] Anyone can sue anyone in the U.S.

[14:25] You can still use an offshore company to protect yourself.

[17:35] Asset protection is important for everyone, but there are a lot of scammers out there.

[18:05] It boils down to: How are you able to access your money in a way where everyone else can't?

[18:40] Don't cut corners. Follow the law!

[20:35] Things are changing every single day. Strategies that worked a couple of years ago, might not work today.

[23:25] Also, figure out if you need all the stuff the lawyers are trying to push on you.

 

Interview:

[24:40] How did Travis get started?

[25:55] Why did Travis want to quit his job in Thailand?

[27:40] Would Travis have started a business if he was back home in Australia?

[30:35] Around 60% of Travis's customers are based in Bangkok.

[32:10] Travis plans to stay in Thailand for the next 2-3 years.

[35:40] Travis has also found the Thai government to be quite helpful.

[38:10] Travis is able to pay himself a lower salary, but still live quite nicely in Thailand.

[41:15] How did Travis meet his wife?

[43:40] Are there more nomads visiting/working in Thailand?

 

The Lightning Round:

[45:50] One business – An app to crowd source law students.

[46:50] One country – Thailand.

[47:10] One book – Suitcase Entrepreneur by Natalie Sisson.

[48:05] One tool – Private Internet Access.

 

Listener Question:

[50:50] Many Chinese people are looking to move to the U.S.―why is that?

[53:10] If you don't know why you need a second passport, maybe you don't need one.

[53:15] The Chinese are looking for different things than what you or Andrew are looking for.

[55:40] Some people who move to the U.S. are in for a rude awakening.

[58:10] Andrew's listeners are looking to lower their tax bill. The Chinese? They're looking for something else.

[1:00:15] Andrew wants his children to learn more about the world and the differences across cultures.

[1:00:40] People who want to move to the U.S. are trying to get their children out of poverty or, at least, away from it.

[1:02:30] If you don't know why the Chinese are moving to the U.S., then copying them isn't going to help you.

 

Mentioned in This Episode:

www.nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

www.studiodigita.com

Suitcase Entrepreneur by Natalie Sisson

www.privateinternetaccess.com

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