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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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Nov 5, 2015

While Andrew was visiting his lawyer in Panama, they had an interesting conversation on how there's a lot of investment coming not only from the US and Canada, but from Venezuela and other South American countries that are suffering economically. Due to less regulation in Panama, it is easy to do business and pay taxes without it restricting your business growth. If you spend 5% of your time trying to be in compliance with the law, what does your time really mean to you? Go where you're treated best.

 

Today's guest is Horst von Wendorff from Virtual Knowledge Workers. Horst runs a VA team in the Philippines and talks on some of the challenges he's faced while trying to do business there.

 

Key Takeaways:

Andrew's Editorial:

[2:10] Locate who you can trust. Bad lawyers are everywhere.

[5:25] Venezuelans, Colombians, and Argentinians are also investing in Panama.

[9:25] Interested in hiring a women?

[13:00] Countries with 'too many rules for your own good' are on the decline.

[15:45] If you need help, please email Hola@NomadCapitalist.com.

 

Interview:

[17:55] Andrew introduces Horst von Wendorff.

[18:30] Why did Horst become an entrepreneur?

[22:30] Was it scary to move to the Philippines?

[24:40] Did Horst ever have an ah-ha moment?

[27:40] What kind of flags has Horst planted?

[30:15] Horst talks Philippines tax.

[34:10] Banking was easy for Horst.

[35:05] Horst talks about the culture clash.

 

The Lighting Round:

[37:30] One business - time.

[38:20] One country – US.

[38:45] One book – Harvard Business Review.

[39:40] One tool – Smart phone, anything cloud-based, Office 360, cheap laptop, and TimeandDate.com.

 

Listener Question:

[43:40] Do you qualify for Russian citizenship through a family member?

[46:40] Andrew is unsure on the process.

[48:00] If you can get a Russian passport, take it.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

Hola@NomadCapitalist.com

http://vkwinc.com/

https://hbr.org/

http://www.timeanddate.com/

 

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