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The Nomad Capitalist Audio Experience

Would like to become a global citizen and legally pay less in tax, build a freedom lifestyle, and create wealth faster? Here at Nomad Capitalist, we believe that you should "go where you're treated best". That means using strategies like offshore companies, offshore bank accounts, legal tax reduction, dual citizenship, high-yield international investing, cryptocurrencies, and low-tax living to keep more of your own money and design a life you love. These strategies - when used correctly - are completely legal for Americans, Australians, Brits, and Canadians. Nomad Capitalist works exclusively with six- and seven-figure entrepreneurs and investors who want to become global citizens living the good life.
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Apr 15, 2015

In this podcast Andrew explains why it isn’t illegal to opt out of the IRS and solid strategies for those making $100,000 +. The Nomad Capitalist guest this week is James T. Clark. Clark manages 20 websites from far away places like Namibia, Ireland and Southeast Asia. He visits his native Australia once a year to say hello to family and then is off again. He talks about international banking and one question he gets asked a lot but can’t really answer. 

 

Key Takeaways:

Andrew’s Editorial:

 

[1:18] Tax Season

[3:32] What is a Nomad

[6:25] The Foreign Earned Income Exemption

[10:07] Two qualifiers for exclusion

[15:17] Strategies for $100,000 + earners

[17:57] Passport to Freedom example

[19:45] Legally opt out of the IRS

 

The Interview:

 

[22:27] James wanted to work for himself

[23:55] Walking away from Australia

[24:45] Scared Stuck

[25:59] The Ireland A-ha moment

[28:07] Perpetual Travelling

[29:59] Digital Nomads can have relationships

[31:20] Life is long, never say never

[34:24] How does James plant flags

[37:06] The quality of Southeast Asian healthcare

[38:13] Success in travel websites

[40:01] Biggest Challenges - International banking problems 

[40:59] Australian banks

[42:01] The Big Tip 

[43:18] Lightning Round - Food delivery for expats

[44:00] One Place - This question is to hard

[44:45] One Tool - Evernote

 

Listener Question: 

 

[47:44] Juanita wants to know more about Andrew

[48:50] Go where you’re treated best. The idea behind a Nomad

[51:25] Learning from expats

[54:20] Key goal in travelling

 

Mentions:

Nomadicnotes.com

Evernote

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