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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: November, 2016
Nov 25, 2016

Today, Andrew asks if you, the entrepreneur, feel significant in your business. If you don’t, then perhaps now is a better time than any to sit down and consider what would make you feel significant. Why is this question so important? Well, if you want to be an industry disruptor, then there’s a lot of opportunities in less-developed countries to break into a market and be significant.   

 

Key Takeaways:

 

Andrew's Editorial:

[1:20] As an entrepreneur, do you feel significant based on where you live and where you do business?

[3:40] Why is Andrew asking you this question? Why is this question important?

[8:00] The people of Montenegro are genuinely interested in nomad principles.

[8:45] As you all know, Andrew is no fan of big government.

[10:50] If you want to be significant in your business, there’s no better way than to be located in places like Montenegro.

[13:15] Montenegro wants to attract more investments.

[17:00] If you’re looking at Southeast Asia, then consider also looking at parts of Europe.

 

Interview:

[19:35] Why did Rob become an entrepreneur?

[22:50] Was it hard for Rob to drop out of college, and pursue other things?

[24:10] Rob talks about Jay Leno, and how he handled his money.

[27:50] What was Rob’s big ‘aha’ moment?

[29:25] You can live in so many places around the world on far less than what you can in the U.S.

[32:00] Step one is to develop a skillset that allows you to make your own schedule.

[32:30] Most millionaires have 7 streams of incomes.

[35:00] So many people are daydreamers, not doers.

[36:15] How has traveling helped Rob achieve his dreams, and build businesses?

[37:40] How did Rob’s wife react to his ‘crazy idea’?

 

The Lightning Round:

[40:00] One business — Teaching English to tourists.

[40:55] One country — Australia

[42:10] One book — How to Win Friends, by Dale Carnegie and Never Eat Alone, by Keith Ferrazzi

[42:20] One tool — Google Docs

 

Listener Question:

[45:15] What currency does Andrew recommend?

[45:25] Andrew talks about the Indian Rupee.

[47:00] The Polish Zloty seems to be a strong currency.

[47:45] If you’re holding U.S. dollars, it’s an excellent time to get into other currencies.

 

Mentioned in This Episode:

www.nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

www.moneynomad.com

The End of Jobs, by Taylor Pearson

How to Win Friends and Influence People, by Dale Carnegie

Never Eat Alone, by Keith Ferrazzi

 

Nov 18, 2016

The big question everyone is asking is, “What will President Trump do to the tax code?” Andrew doesn’t buy into the big tax hypes because George W. Bush was believed to be a big tax cutter, and he only chopped it by 4%. Will the U.S. be a place where you’ll get treated best, especially on the tax front? It’s too early to tell, so it’s best not to speculate. Work with what you have today, because no one really knows what Trump will or will not do.

 

Key Takeaways:

Andrew's Editorial:

[1:25] What will President Trump do to the tax code?

[1:50] Does Andrew think the U.S. will be a place you can go, where you’re treated best?

[9:25] Why would you want to leave our great country?

[12:25] Will there be residency-based taxation in the U.S.? Andrew doesn’t think so.

[17:00] Will the U.S. be better under Trump? Maybe, but Andrew doesn’t believe in the hype.

[19:25] If taxes were 10% in the U.S., then yes, pack up your stuff and go home.

[19:55] If Trump does something great, then consider moving back home when he does. But as of today, he hasn’t done anything yet.

[20:20] It doesn’t make sense to start speculating on what Trump might do. Live your life based on today’s rules.

[20:40] Are you a Nomad Capitalist or are you a Patriot?

 

Interview:

[23:30] Why did Sean become an entrepreneur?

[27:00] Sean has over 7 years worth of content and you can see his transition from clueless financial analyst, to being an expert nomad.

[33:45] Don’t be afraid to experiment.

[36:45] What kind of flags has Sean planted?

[37:55] What’s the best lifestyle that works for Sean?

[40:25] How does Sean manage being with a location-dependent person?

[45:00] What’s Sean’s next step in life?

 

The Lightning Round:

[48:10] One business – Immigration services.

[49:00] One country – U.S.

[49:30] One book – Influence: How and why People Agree to Things by Robert Cialdini

[50:20] One tool – Focus at Will

 

Listener Question:

[52:15] What’s Andrew’s favorite economic citizenship program?

[54:50] You shouldn’t spend half of your money on an economic citizenship.

[58:00] If you’re a U.S. citizen, who’s making $1-2 million a year, an economic citizenship may be a good option for you.

 

Mentioned in This Episode:

www.nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

www.moneynomad.com

www.locationrebel.com

Influence: How and why People Agree to Things by Robert Cialdini

www.focusatwill.com

Nov 11, 2016

Andrew keeps reading headlines that state that over 50% of U.S. citizens do not have an emergency fund. The numbers sometimes vary, but this week’s headline read 62% of Americans did not have $1,000 for an emergency. Although, $1,000 is very little in retrospect, Andrew has met highly successful entrepreneurs and digital nomads who also fall into this same category. Do not fall victim to the Western mentality. You should always save for a rainy day!

 

Key Takeaways:

Andrew's Editorial:

[1:45] Did you know 62% of U.S. citizens do not have $1,000 to pay for an emergency?

[2:40] Andrew admits that the picture isn’t prettier in other countries, like the UK, when it comes to their emergency fund.

[3:25] Andrew believes there are nomads out there who fall into a similar category.

[4:45] No one really wants free university outright, but everyone wants more and more free stuff.

[7:20] As more and more people do not have $1,000 for emergencies, you’ll begin to see those people asking the government for more things.

[8:15] If you travel to Asia, you’ll see that many families, who make less than Westerners, have plenty of money for an emergency.

[9:05] The world is shifting, so how can you prepare for it?

[12:20] As a nomad traveling the world, it’s very easy to fall into vacation mode, and spend additional money.

[13:45] If you’re earning more than 300k+ a year as a Digital Nomad, and you don’t have 50k lying around, then something is wrong.

[15:00] Andrew doesn’t buy into Elon Musk’s philosophy on business and cash.

[16:00] Many nomads do not have $2,000 laying around if they need to buy a new computer on the fly.

[18:55] Andrew’s focus next year is how to build a more passive income.

[21:00] Do not fall prey to the same things people in the West fall prey to.

 

Interview:

[25:50] How did Andre start his entrepreneurial journey?

[28:30] What was Andre’s aha moment, to quitting?

[33:50] Andre talks on how he managed his nomadic lifestyle when he met his wife, who doesn’t travel as much.

[38:00] Why did Andre set his business up in Spain?

[42:00] What kind of challenges has Andra run into, while setting up a business in Spain?

[45:15] Andre plans to expand his business to other countries.

 

The Lightning Round:

[45:55] One business – A coffee house.

[46:35] One country – Portland, Oregon.

[46:55] One book – Manifesto for the Earth, by Mikhail Gorbachev

[47:40] One tool – EzTix

 

Listener Question:

[49:25] Please subscribe on iTunes!

[49:45] What is the most overlooked thing, when it comes to choosing a new location?

[51:25] Andrew currently loves what Cape Town has to offer.

[53:30] So, what’s a deal breaker for a digital nomad? The internet, and Cape Town has awful internet right now.

 

Mentioned in This Episode:

www.nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

www.barcelonaeatlocal.com

Manifesto for the Earth: Action Now for Peace, Global Justice and a Sustainable Future, by Mikhail Gorbachev

 

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