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The Nomad Capitalist Audio Experience

Would like to become a global citizen and legally pay less in tax, build a freedom lifestyle, and create wealth faster? Here at Nomad Capitalist, we believe that you should "go where you're treated best". That means using strategies like offshore companies, offshore bank accounts, legal tax reduction, dual citizenship, high-yield international investing, cryptocurrencies, and low-tax living to keep more of your own money and design a life you love. These strategies - when used correctly - are completely legal for Americans, Australians, Brits, and Canadians. Nomad Capitalist works exclusively with six- and seven-figure entrepreneurs and investors who want to become global citizens living the good life.
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Now displaying: June, 2019
Jun 11, 2019

If you are a location independent entrepreneur and living a nomadic lifestyle, you should definitely consider going to countries in southeast Asia, Latin America, or southeast Europe, as they are tax-friendly and have lower living costs.

That way, you will save more of your money and be able to "pay yourself first", by not paying unnecessary taxes.

At the same time, you will enhance your quality of life and spend money on things you really WANT and not on something you are supposed to.

Jun 10, 2019

We talk a lot here at Nomad Capitalist about easy and fast ways to open an offshore bank account in order to gain diversification and security.

However, if you are lucky enough to be a high-net-worth individual (HNWI), easy and fast may not be one of your priorities - you want something high-class and special.

You could always go to one of the private banks in the world's current financial hubs, such as Singapore and Hong Kong and put all your millions there, but our advice is to diversify a bit.

A winning formula could be: choose a priority bank in Singapore, for example, which would be your "anchor" and then open a series of other priority bank accounts in different countries and banks.

This is especially a good idea if you are investing in real estate because in this way you gain access to some offers available only to people banking in the exact bank or country.

Jun 7, 2019

While planning tax reduction strategies, people are mostly focusing on the income tax and they are neglecting the important part of the US tax system - the payroll tax.

If you're not sure what it represents, this type of tax includes social security and medical care.

Digital nomads, freelancers, and other people living and working overseas may avoid paying income tax, but if their company is registered in the US, they still have to pay the payroll tax.

That's why opening an offshore company and employing people outside your home country may be the solution you're looking for.

Jun 6, 2019

No one knows the exact number of people that renounced their US citizenship, but the reality is that it's happening and that this number will more likely grow in the years to come.

There are various reasons for that.

The most common one is certainly high taxes and a number of laws concerning them, like FATCA.

However, apart from those financial reasons, many Americans just realized that they don't want to be part of the US system anymore - they don't share the same values, opinions and the way of life.

Jun 5, 2019

There is a big debate in the business world about whether it's better to have active or passive income.

But the question is: Is passive really passive?

Because even though you think that your income is passive since it's not your main job and career, that's not the case if you have to manage it somehow.

In the end, the choice is yours, but the formula we believe is successful is: "Focus on passive growth and active income."

Jun 4, 2019

If you are into crypto mining, you may be worried because of the recent and continuing crypto lows.

On the other hand, this will force you to discover new energy efficient places and countries, that are crypto-friendly, as well.

While some people talk about the US and Canada as good places to mine crypto, we would suggest some smaller and more independent countries, like Georgia and Iceland. 

Jun 3, 2019

We talked about it a lot here at Nomad Capitalist - people just love the idea of easy.

Sometimes easy is good, it's true, but sometimes it forces us to make unnecessary mistakes, it's not cost-effective, it doesn't have long-term benefits...

What is important is to know who you are, what you need and how you can achieve it - not just chase the idea of easy.

Respect your time and efforts more and you will see the fruits of it very soon.

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