Andrew predicts things are going to get harder for non-U.S citizens located in many Western countries. It’s a fact that’s not being talked about a lot, but many Western countries are going broke and that tends to mean more taxation on their citizens. So if you’re not a U.S. citizen, and think you might be in the clear, you may want to think again, and work towards getting that backup plan.
Key Takeaways:
Andrew's Editorial:
[2:00] Do I really need a second passport?
[3:20] Not a U.S. citizen, do I still need another passport?
[3:50] As U.S. citizens have FACTA, the rest of the world has information sharing between 101 countries.
[5:45] Other countries may be working to adopt more stricter tax policies like the U.S.
[7:35] Andrew believes countries will be making it difficult for you to leave.
[8:35] Not a U.S. citizen? High taxation won’t happen to you? You’d be surprised.
[9:00] Western governments are broke! They want your money!
[9:45] Tune in next week to find out which are the fastest growing passports out there!
Interview:
[11:10] How did Jack become a poker player?
[13:25] What was Jack’s goal for getting into business?
[20:00] The probability of being a successful poker player can be pretty low — what made Jack decide to keep pushing through?
[21:55] Are there a lot of people out there trying to get into the game, but just don’t have ‘it’?
[25:00] The UK is much more open to gambling than the U.S. is.
[26:35] The UK still considers you unemployed if you’re a ‘gambler.’
[27:35] Jack is located in Malta because it helps keep him focused.
[32:30] We often build up a mental block on ‘what it’ll be like,’ and it can freeze us right in our tracks.
[37:05] How does setting up a base and then traveling a bit outside of Malta work out for Jack?
[43:30] How does Jack go into ‘work mode’ when exploring a new country?
[44:50] Start with the end in mind.
[48:25] Will Jack ever be the next Dan Bilzerian of the poker world?
[54:10] How does going from a bigger island (UK) to a smaller island (Malta) feel?
Mentioned in This Episode:
Email: Andrew@NomadCapitalist.com
Jack’s Skype: Hot-Pepper-Sinclair