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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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Jun 24, 2015

If you value your wealth and freedom that a Western country affords be cautious of cheap and possibly illegal online offers of residencies and citizenships. There are legal ways to pay fewer taxes. If you have a business or are thinking about starting one, you are going to need solid planning and tax advice to ensure you are not wasting your money by paying taxes that are not required of you. In fact, in July plan to visit the Nomad Society’s private event or in August Andrew Henderson will be personally assisting offshore first timers, both in SE Asia. Visit Nomad Capitalist to find out more. If you are an expat don’t forget FBAR’s are due at the end of June.

 

Key Takeaways:

Andrew’s Editorial:

[2:05] How to pay taxes as a digital nomad

[3:38] 3 different types of tax systems

[4:46] Citizen based taxation - U.S. & Eritrea

[9:12] Residential based taxation - Most developed nations

[14:04] Territorial taxation - Emerging countries

[17:04] Reduce taxes and stay where you are at

[18:20] How do perpetual travelers pay tax?

 

Interview:

[22:20] Following in the family footsteps

[23:12] Existing money may decrease your drive

[24:20] It’s so expensive to live in New York

[25:53] No holidays working in social media businesses

[26:42] Automating your business allows for personal downtime

[27:43] When Erica landed in India

[29:12] Mumbai welcomes you if you just jump in

[30:52] English as a first language helps economically

[33:13] Kickbacks are commonplace when it comes to paperwork

[34:14] Get a local accountant and one in your home country

[36:49] Perfectly legal tax options if you live overseas

[37:32] Being based in India gives Erica street cred with international customers

[39:12] Being a foreigner has helped with local clients also

[40:47] Customer service challenges are typical

[42:13] Nomadic companionships

 

The Lightning Round:

[43:40] One business - Apartment brokering service

[44:32] One country - India

[44:52] One book - Meditation books

[45:46] One tool - Evernote

 

Listener Question:

[49:14] Ahmed asks “Why is it that the second passport process that you speak of is so much more expensive than what I see elsewhere online?”

[49:28] Blackmarket second passports, Graymarket second passports and other scams

 

Mentions:

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