Andrew is excited to announce that Georgian citizens will soon be able to travel throughout the European Union without a visa. The law will be in effect at some point in 2016, so stay tuned for more information on Nomad Capitalist's website. Today's guest is Paige Donner, a startup entrepreneur based in Paris, France. She talks about starting her food and wine business and her experiences as a foreigner in France.
Key Takeaways:
Andrew's Editorial:
[1:35] Georgia is still the easiest place to open a bank account.
[2:55] Georgian passport holders can now travel visa-free throughout the EU.
[4:25] Singapore citizenship is difficult.
[7:45] Be careful who you listen to.
[9:40] Georgia is definitely an up and coming country.
[11:30] Andrew is looking for 4-5 people interested in planting more flags with him.
Interview:
[16:40] How did Paige become an entrepreneur?
[18:10] What was the transition like for Paige when she moved to Paris?
[23:20] Paige is filling a gap in the France market.
[25:35] Localize your business based on the region or city, don't try to cover the entire country.
[31:05] What kind of challenges did Paige encounter when starting a business in France?
[37:25] Is it difficult to become a French citizen?
The Lighting Round:
[39:15] One business – Food and wine
[39:55] One country – France
[40:20] One book – Moveable Feast by Ernest Hemingway
[41:30] One tool – Facetime
Listener Question:
[44:35] What's the process to finding good tenants and taking care of your property overseas?
[46:35] Invest in something you can handle.
[47:25] Good service providers are hard to find.
[48:50] Want to be successful? Have a strong network.
[50:55] By going to the Passport to Freedom event in Cancun, you will be exposed to a greater network of like-minded people.
[53:10] You can use Google, but it's not always the best way to go.
[55:35] Feel free to email Andrew with any questions you might have.
Mentioned in This Episode:
http://nomadcapitalist.com/2015/12/21/easiest-place-to-open-a-bank-account/
Moveable Feast by Ernest Hemingway
In Andrew's intro, he talks on taking a break from the nomad lifestyle and briefly touches on New Year's resolutions. Today's guest is Eric Highsmith, the director of Scottsdale Mint, a US based company that manufactures bullion. Eric discusses why you should diversify your investment strategy and how to safely transfer your gold to Singapore.
Key Takeaways:
Andrew's Editorial:
[3:00] Take a vacation.
[7:00] Tired of paying too much tax? Live somewhere else.
[8:40] Andrew didn't want to send 40-50% of his income to the IRS.
[9:30] You can save money!
[11:30] Take action now.
Interview:
[15:10] Why did Eric get into the gold market?
[21:10] Is gold a dead asset?
[25:20] How is Eric diversifying?
[27:30] Does he plan on branching out into other metals?
[29:40] How can you get your personal gold into Singapore?
[35:25] Biggest challenge of having a business? Partnering with the right people.
[39:15] Who you trust is very important for diversifying your money and portfolio.
The Lighting Round:
[40:50] One country – Singapore.
[41:35] One business – A bar.
[42:35] One book – Anything by Warren Buffett.
[43:10] One tool – Cellphone.
Listener Question:
[46:10] Subscribe to us on iTunes.
[46:25] Where to celebrate a Nomad New Year's Eve?
[48:15] Dubai, Abu Dhabi and other places in the Middle East.
[49:25] Check out European countries like Spain and Scotland.
[50:40] New to being a nomad? Go to Asia.
Mentioned in This Episode:
http://nomadcapitalist.com/
Sylvie McCracken is a former Hollywood celebrity assistant turned full time entrepreneur currently living in Abu Dhabi with her husband and 3 kids. She writes about treating and preventing health conditions with real food and natural remedies. Sylvie talks with Andrew about running her business overseas and why she moved to Abu Dhabi.
Key Takeaways:
Andrew's Editorial:
[1:20] The last Passport to Freedom event will be hosted from January 14th-16th.
[7:20] We're here to live the life of our dreams.
[12:00] At the Passport to Freedom event, Andrew will be talking about three residency programs.
[16:25] The speakers will be people who are doing exactly what you want to be doing.
[18:00] Why do you really need an offshore company?
[19:30] Don't do it just because someone else told you to.
Interview:
[21:55] How did Sylvia get started?
[23:30] Does traveling with a family make you more focused in your business?
[26:20] Why did Sylvie and her family leave the US?
[30:55] Why move to Abu Dhabi?
[31:45] Sylvie talks about Middle Eastern culture and common myths.
[35:30] How has Sylvia planted her flags?
[37:40] Was it difficult for Sylvia to get residency for the entire family?
[39:40] Sylvie believes the black market exchange could happen in North America.
[41:00] Biggest challenges? Efficiency.
[42:50] Is Abu Dhabi a first world place to live?
The Lighting Round:
[45:45] One business – Staffing company.
[47:15] One country – US/Argentina
[47:55] One book - The Big Leap.
[48:15] One tool - Trello
Listener Question:
[50:35] What's Andrew's favorite exotic food?
[53:15] You can get a second passport without living somewhere else full time.
[54:35] Nothing is holding you back.
[55:35] Don't copy the thought leader. Make decisions that are right for you.
Mentioned In This Episode:
The Big Leap by Hendricks Gay, PhD.