Andrew received an angry listener letter saying that what Andrew is doing (encouraging people to go where they’re treated best) is wrong. In the email, this person believes people leaving the UK and escaping their tax obligations are putting more burden on good citizens like himself and ruining it for the rest of the people who happily live in the UK. Well, on this week’s introduction, Andrew has a few words for people who think it’s morally wrong to leave and seek a different kind of lifestyle. People have always and will always vote with their feet!
[1:40] Andrew reads out loud a listener email, who is upset people are leaving the UK! He thinks what Andrew is doing is wrong.
[5:15] Is paying low taxes and traveling the world really so ‘wrong’?
[9:00] Going where you’re treated best is not a unique concept. It’s a natural concept.
[9:55] “I pay my taxes!” Chances are, no, you don’t!
[10:55] If you want to live in a country that has high tax, then you’re more than welcome to do that.
[13:45] Everybody wants YOU to pay taxes (yet they don’t want to pay it themselves), and if you want to live to seek a better life, those same people are going to tell you that you’re wrong.
[16:00] No matter where you’re from, working towards a second passport is never wrong. In fact, it’s a safety measure.
[17:10] You have the right to leave your own country for tax reasons and non-tax reasons.
[18:15] Are you obligated to pay? Should you feel bad about leaving?
[19:45] You wouldn’t pay double the price for office space just because it was the right thing to do. You wouldn’t pay double for anything!
[24:55] How did it all begin for Danny?
[27:45] How does Danny stay content with his life?
[31:15] Why did Danny decide to leave California?
[35:10] If you want to become an entrepreneur, you really have to put yourself out there. There will be times you fail, but you just have to get back up again.
[40:15] Why does Danny love Jakarta and can’t stand Bali?
[43:40] How does Danny date in a foreign country?
[47:45] What makes Jakarta unique?
[52:00] The taxes in Asia are so low, especially at the airports and they’re incredibly nice to travel in.
[54:50] How do we get our hands on Danny’s book, Dr. Growth?
Mentioned in This Episode:
Andrew recently saw an ad in his in-flight magazine for an Australian university. In it, it said, “...To be a business leader, you need an MBA.” As someone who chooses to run his own business, Andrew does not have a university degree. In fact, Andrew is willing to bet that none of his guests that have been on the show even have an MBA. As many of the listeners of this show are well aware, you don’t need an MBA to be a business leader, but this ad was just a further reminder of the kind of ‘status quo’ we nomads are up against.
[2:20] Andrew reads an ad he saw on his flight. “...To be a business leader, you need an MBA.”
[5:55] If a university degree is such a big deal, then why are they advertising for it on a cheesy in-flight magazine?
[7:25] Andrew does not have a university degree. He started his business at 19 and it became a multi-million dollar business.
[9:20] How does having an MBA make you a business leader?
[10:55] If you’re an entrepreneur, you’re naturally looking for new angles.
[11:20] Andrew bets that of all the guests who have been on the show, none of them have an MBA.
[12:20] Don’t fall for the status quo where everyone moves out to the suburbs and pays the price in high taxes.
[13:20] No matter what lifestyle you choose, someone, somewhere will have an opinion on it and will try to get on your case about it. Ignore them!
[16:30] Where did this all start for Lucian?
[19:15] What is Romanian culture like?
[25:15] Although Lucian has a university degree, he believes nowadays with the amount of information available online, you don’t need to follow a 4-5 year curriculum.
[29:35] If you’re going to start a business with someone, do it with someone you’ve at least worked with before.
[37:15] At the end of the day, what really matters is the quality of your life.
[39:00] How does Lucian run his business when he’s traveling the world?
[43:45] When it comes to hiring, employers often look to Asia, but it seems that Romania has much more similar values to Western culture compared to Asian countries.
[49:05] Five years ago, people thought Lucian was weird for working from home. Now, it’s much more accepted.
Mentioned in This Episode:
Andrew has been receiving questions about how Nomad Capitalist ranked their recent article entitled, “Nomad Quality of Life Index.” The article featured 100 cities and how friendly they are to the Nomad lifestyle. Some of these cities like London and Dubai are lumped in with Lisbon and Malta Island, which to some, doesn’t make sense. Andrew explains the logic behind each of these rankings and how nomads can use this guide to pick and choose their cities based on the kind of mood they’re in.
[3:00] Andrew and his team recently released the Nomad Quality of Life Index on his website.
[4:15] How did Andrew calculate and rate each of these 100 cities?
[9:55] Why are London and Portugal on the top of the list when they’re such high-tax countries?
[14:40] You always do a ‘pick and match’ kind of lifestyle where you hang out in a high-tax country for a couple of months and then move to a low-tax country.
[15:20] Check out the list of cities on the Nomad Quality of Life Index. It might surprise you!
[15:50] What kinds of changes is Andrew seeing in the Nomad movement?
[16:45] Why did Daniel leave the UK at 22 years old?
[21:30] After receiving numerous job offers when moving to Singapore and Tokyo, what did that tell Daniel about the job market? How does it compare to the UK?
[25:10] Don’t let yourself talk you out of moving/traveling to another country. You can’t research everything.
[29:40] Companies are having a hard time retaining talent because people realize they can travel, work, and be done with all the extra stress.
[33:15] The 4-hour workweek really inspired Daniel to take action and improve his family’s quality of life.
[37:35] What was it about moving away from Singapore that convinced Daniel’s wife to pack up and change the kid’s schools?
[42:00] Once you move to a new country, the fear of the unknown now becomes exciting.
[45:15] Daniel discusses how he makes the nomad lifestyle work with a family.
Mentioned in This Episode: