Andrew discusses the possibility of the government taking away your passport through some back door method that does not violate UN laws; Australia, Malaysia, and Turkey having the ability to suspend your passport for a number of years and the United States passing a law in 2015, giving them the same power. What happens when you're no longer able to leave your own country? When your passport is no longer valid? Andrew says that working on acquiring residency in a different country and/or a second passport should be done sooner rather than later.
Key Takeaways:
Andrew's Editorial:
[2:45] What happens when you can't leave the country?
[4:40] Andrew talks about a US law that was passed in 2015, which could potentially take US passports away.
[9:15] Andrew talks about Spain's unemployment problem.
[10:35] Even honest business men are having IRS problems.
[11:40] Malaysian citizens can have their passports taken by the government. Same with Turkey.
[12:35] Andrew does not recommend you get a Malaysian citizenship.
[15:45] It's always best to start the citizenship/residency clock sooner rather than later.
[17:55] Why are you getting a second passport? Ask yourself that question. Get clear on your ‘why’.
Interview:
[21:15] X is currently building a business in the Ukraine.
[21:30] Where is X from?
[23:15] Don't look back. Take advantage of the opportunities that are in front of you today.
[25:20] Why did X leave the US?
[27:15] Why did X pick the Ukraine as his home base?
[28:50] X wanted to go towards something he was not familiar with.
[31:30] X believes if you move around too much, it can have a negative impact on your children.
[32:55] What does X like about the Ukraine? Any surprises?
[34:50] Is it difficult to find English speakers? Yes.
[37:05] What kind of flags has X planted?
[39:00] What are Ukrainian banks like? They are currently terrible.
[42:00] X wouldn't have been able to start this type of business in the US.
[43:05] What kind of challenges has X experienced?
[44:20] X talks about the positives of being a nomad.
The Lighting Round:
[46:10] One business - Cosmetics.
[46:40] One country - Ukraine or Thailand.
[47:15] One book - The Go-Giver by Bob Burg and John David Mann.
[47:45] One tool - Asana.
Listener Question:
[49:25] Feel free to email Andrew any of your questions.
[49:45] How can you buy nutritional supplements in a frontier economy?
[51:10] There are limited options.
[53:00] It's better to send your items to a mail facility that can package them up and ship it to you.
[55:55] It's going to cost a little bit more, so is it worth your time?
[56:25] Andrew does not recommend Earth Class Mail.
Mentioned in This Episode: