Info

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.
RSS Feed Subscribe in Apple Podcasts
Nomad Capitalist Live
2017
October
September
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March
February
January


2015
December
November
October
September
August
July
June
May
April


All Episodes
Archives
Now displaying: May, 2017
May 26, 2017

Andrew discusses how this year he paid zero U.S. income tax. How did he do it? Well, through the businesses and systems he’s set in place in different countries. It is possible to reduce your taxes through legal means, and no, it’s not an option only the rich have either. If you don’t want to pay so much in tax, then set up a nomad strategy that helps you succeed.

 

Key Takeaways:

 

Andrew's Editorial:

[1:35] If you qualify as an expat, you get an extension in your income tax by default.

[1:50] Andrew paid zero on his income tax!

[4:00] However, Andrew has paid tax in 4 other countries this year.

[4:55] Are these tax options only available to the rich? No.

[6:05] Andrew is not a tax dodger. Everything he does is legal.

[7:25] Wanting to pay less tax does not make you a bad person or a tax dodger.

 

Interview:

[10:25] Why did Ben decide to become an entrepreneur?

[12:00] When Ben got two clients for his company, he left the U.S. and went to Mexico.

[16:20] Ben had no plan B when he decided to take his business seriously.

[24:25] Ben met a woman shortly after he touched down in Mexico. How did the relationship progress beyond the honeymoon phase?

[29:30] When Ben went to Vancouver with his girlfriend, he ended up getting addicted to heroin.

[33:55] You can get into trouble anywhere in the world. You’ll never escape it.

[38:35] Being an addict and an entrepreneur who travels certainty has its challenges.

[39:25] There is no running away from yourself.

[40:10] We can change the location, but we can not change the person we are when we arrive at the location.

[44:10] If you’re struggling with your own demons, stop wearing a mask, and start being honest with people.

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Nomad Passport Index

Fatpandadesign.com

DigitalNomadsAroundTheWorld

May 17, 2017

Andrew discusses the possibility of keeping your onshore options open. This year’s Nomad Capitalist theme is home, and so consider the possibility of picking a country and planting a home base, where you are able to get your residency and pay tax. No-tax countries are becoming harder to find, and it’s only a matter of time before they go completely extinct. Weigh both options of traveling without a home base vs. traveling with a home base, and you might find that your onshore options actually open more doors for you.

 

Key Takeaways:

Andrew's Editorial:

[2:10] We all know about offshore asset location, but what about onshore strategies?

[4:55] Andrew is in love with Montenegro.

[8:20] Low-tax options across the world are becoming fewer and fewer.

[9:30] Sometimes paying 5-10% in tax is more worth than paying 0%.

[10:45] The best time to act is today.

[11:55] Instead of being a nomad, consider the onshore option and hit several birds with one stone. No-tax options are becoming far and few between.

 

Interview:

[17:20] Why did Chris become an entrepreneur?

[21:00] Is teaching English a good way to ‘dip the toe’ into the nomad lifestyle?

[32:00] Chris discusses how he met his wife. He ended up meeting her in South Korea on an online dating site!

[42:40] What’s the difference between South Korea and Thailand?

[50:25] When you’re on dating sites or even dating in general, make your intentions clear!

[52:30] Chris had tried dating local women, but found out their goals were much different than his goals.

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Nomad Passport Index

Oneweirdglobe.com

May 10, 2017

Andrew received some great feedback on last week’s solo episode discussing and debunking common tax and banking myths. However, one of the things he’s noticed is that some of you don’t feel comfortable sharing these nomad stories because your friends will not understand this lifestyle.

Well, Andrew believes it’s important to get these messages out there, so that it becomes more acceptable in your social circle to branch out and start businesses outside of your home town. In fact, 14 years ago, a location-independent business didn’t even exist. Now, everyone knows what that is and is okay about it!

 

Key Takeaways:

Andrew's Editorial:

[2:00] Thank you for the feedback on last week’s show!

[2:15] Want to support the show? Rate us on iTunes and spread the word!

[3:55] Do you feel like none of your friends really get this nomad lifestyle?

[6:25] Beware, the offshore world is going to get tricker, even when using legal strategies the way Andrew does.

[7:55] When Andrew first started 14 years ago, running a location-independent business wasn’t even a thing. Today, more people understand what that means.

[9:15] Want your friends to finally ‘get it’? Then tell them about it! Keep talking about it so it becomes normal.

 

Interview:

[12:25] Why did Tim become an entrepreneur? How did he get started?

[14:55] Tim had to manage a full time job while starting his side hustle. How did he balance being an entrepreneur and employee at the same time?

[20:10] Bank doesn’t accept the kind of business you’re running? Don’t lie about it! Honest is really the best policy.

[26:30] Does Tim regret not being an EU citizen? He could have gotten a Dutch passport.

[33:25] Has Tim experienced any resentment for being a nomad?

[36:00] What is Tim’s business about?

[44:25] What are Tim’s thoughts on Taiwan? What kind of opportunities exist for foreigners over there?

[49:20] What’s next for Tim?

 

Andrew's Editorial:

[51:40] When Andrew first decided to become a nomad, he was very much like Tim. He tries to consume as much information on the subject as possible.

[52:15] Don’t listen to an arm-chair expat. Find the experts and seek out their advice.

[55:25] Believe the sky’s falling? That’s your deal. Find someone who believes what you believe. Want to have multiple businesses offshore? Again, get the expert that aligns with your views and goals.

[57:40] When it comes to becoming a nomad, pick your message and go from there.

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Nomad Passport Index

Pointstobemade.boardingarea.com

Tim on LinkedIn

May 3, 2017

Andrew has not gotten Bill O’Reilly-ed! He’s been traveling Asia, and took some time out from hosting the show to get an on-the-ground perspective of what’s happening in banks in Hong Kong. Hong Kong banks are getting more and more hostile towards business owners, but if you’ve been following Andrew for some time, you’d know that is something he’s predicted since 2013!

 

Key Takeaways:

 

Andrew's Editorial:

[1:55] Andrew will be doing a solo show today!

[3:35] Andrew finally closed his HSBC account.

[6:45] Is Hong Kong still a place to go?

[12:35] Be wary of people who give you answers to your problems without actually meeting you.

[15:45] One of the compliance employees at HSBC couldn’t even get a HSBC bank account for his side business.

[17:15] Andrew doesn’t have any secret powers. He learns by doing. Yes, by going out there and actually trying to set up bank accounts!

[21:20] Andrew saw problems arising with Hong Kong and their banking years ago. He first wrote about the issues in 2013!

[25:05] What are Andrew’s thoughts on China vs. India?

[31:45] A mayor in Sweden wants to give employees an hour work break for sex. But, what kind of great companies come out of Sweden? This is why Asia runs laps around places like Sweden. They want to work hard.

[40:10] It took one guest on the show three years to get rejected for residency in Costa Rica. Three years!

[43:25] Create a clear plan and strategy over where you want your life to go. When you have a clear plan in place, and say, Hong Kong banks try to screw you over, you are already miles away and not dealing with it!

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Nomad Passport Index

1