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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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Now displaying: Page 15
May 26, 2016

Andrew currently loves Eastern Europe and talks about how to safely allocate your assets so that they work for you both on a short-term and long-term basis. Andrew recommends that entrepreneurs should first focus on creating a location-independent business that will give them the financial freedom that is needed to travel. Once you've established yourself there, focus on income-generating assets, and then focus a good 10-15% of your investment portfolio on long-term value investments like property.

 

Key Takeaways:

Andrew's Editorial:

[2:40] It's easy for folks to buy property in Eastern Europe.

[5:45] When you have the resources to invest, it's important to know how you're allocating those assets.

[6:40] The best way to allocate your resources? Have a location-independent business.

[9:00] Don't be held back by doing 'just one more' local deal in your country.

[10:50] If you have a million dollars, but no plan to keep generating more money, then you have to be more cautious with your investments.

[12:30] Income-generating assets should be a good part of your portfolio.

[17:40] Andrew talks on why he likes purchasing land.

[18:55] Andrew recommends to put 10-15% of your portfolio into something that has a long-term value.

[20:30] What's going on in Africa? Listen to today's guest to find out.

[21:35] Really take a hard look at your asset allocation.

 

Interview:

[25:00] Andrew welcomes Fabian.

[25:25] Why did Fabian become an entrepreneur?

[28:45] It was Fabian's dream to travel, so his business had to be location-independent.

[32:00] What is the coolest job in the world? Google had an answer for Fabian.

[34:00] What was Fabian's 'ah-ha' moment for creating a company that matched his lifestyle?

[35:40] What kind of flags can you plant in Africa?

[36:45] How does banking work in that side of the world?

[39:25] Fabian has learned four languages, thanks to traveling.

[41:15] Africa houses some of the friendliest people around the world. Fabian highly recommends you visit and see the culture for yourself.

 

The Lighting Round:

[41:55] One business – Don't know.

[42:55] One country – Chile.

[43:25] One book – Vagabonding by Rolf Potts.

[43:45] One tool – Calendly.

 

Listener Question:

[46:00] What does Andrew think about the hotel business in an emerging market?

[46:20] First of all, what is Andrew's definition of an emerging market?

[47:45] Andrew is not a fan of the hotel business in general.

[49:25] The hotel business is too expensive and it requires a lot of knowledge to successfully pull off.

[52:00] Start small. Perhaps a bed and breakfast-esque place first?

 

Mentioned in This Episode:

www.helpando.it/

Vagabonding by Rolf Potts

May 12, 2016

Andrew is excited to bring on Vít Jedlička, the President of the self-declared libertarian country Liberland. Vít is a politician, publicist, and an activist. During Andrew's intro, he expresses concerns about becoming a citizen of a country that is not yet recognized by the world. With that being said, he is pro-Liberland and loves what Vít is doing. Vít gives an update on the current political stance Liberland has with the rest of the world and so much more on today's episode.

 

Key Takeaways:

Andrew's Editorial:

[2:55] Andrew hosted one of the first mainstream conferences in the world to talk on Bitcoin.

[3:15] The Nomad Capitalist conference was also one of the first places to talk about Liberland.

[3:40] How do you plant flags in Liberland?

[4:10] Andrew doesn't have an answer for that question.

[5:20] How will Liberland be accepted by the rest of the world?

[6:50] Are you doing what's right for you?

[7:50] Want to bank in Hong Kong? That boat has sailed.

[9:15] What kind of recognition will Liberland have? Will it be the same as the Caribbean?

[11:35] Don't get Andrew wrong, he approves of Liberland.

 

Interview:

[16:35] Andrew and his team have been following Liberland for the past year.

[17:40] Why start your own country?

[20:25] What does Vít say to those who still believe a US President can turn the US around?

[23:15] Vít is happy when other countries are talking about Liberland.

[25:40] Vít has received more than 1,000 people from the United State apply for citizenship.

[27:40] What's the citizenship process for Liberland?

[29:25] What kind of investments/investors is Vít looking for?

[31:20] What's happening with the Liberland territory?

[32:40] You can plant any flag you want in Liberland.

[35:05] Vít points out that the Simpsons predicted Donald Trump would run for President almost 11 years ago.

 

Listener Question:

[37:30] How long should you be willing to wait for a second passport?

[38:20] How good of a passport do you want?

[38:55] What's the end scenario? Do you want to renounce your current one or just a backup plan?

[40:25] Perhaps waiting a bit longer for a quality passport is worth it.

[42:00] You can work on getting two passports at the same time.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Andrew@nomadcapitalist.com/

www.liberland.org

Liberland on Facebook

May 5, 2016

Andrew discusses some of the current Presidential candidates and where they stand on their expat policies. If so-and-so were to get elected, what would it mean to US citizens living abroad? Many of these candidates want to have a residency-based tax and not a citizenship-based tax. Andrew argues that voting for someone is just a passive insurance policy. Instead, you need to have an active insurance policy that will protect you from people who don't have your best interest.

 

Key Takeaways:

Andrew's Editorial:

[2:20] How will the new president affect the expats?

[3:35] New Zealand citizens are getting letters from their bank asking whether they are US citizens.

[4:20] A number of the republicans are against FACTA. 

[6:20] We still don't know what Trump's policies are on taxing expats.

[7:10] Ted Cruz, Bernie Sanders, and others are for a residency-based tax system.

[11:00] Will citizenship-based taxation ever come to an end?

[11:45] You have to seek an active insurance policy. Voting is very passive.

[15:55] An active strategy could just be having the right attorney and accountant.

[16:10] Bad professionals can do more harm than good.

[18:55] Where are your kids going to be born? Give them a backup option.

 

Interview:

[20:25] Andrew introduces Graham.

[22:00] What's the minimum you can do with the maximum amount of returns?

[23:30] Follow your passion is horrible advice.

[25:30] It used to cost a lot of money to start your business, now it's substantially much cheaper.

[28:35] The real juicy investments are the ones people won't even look at twice.

[30:15] What makes Graham want to help entrepreneurs?

[36:00] Graham loves meeting different people every time he travels/lives in a new location.

[38:25] What kind of flags has Graham planted?

[42:35] Start with the basics and open a multi-currency account.

[44:20] Don't chase cheap property. Invest in the best.

 

The Lighting Round:

[45:25] One business AirBnB.

[46:25] One country Japan.

[47:35] One book Anything by Jim Rogers.

[48:40] One tool Dropbox, Skype, ScheduleOnce.

 

Listener Question:

[52:05] Jeff asks, What kind of cultural examples should I look for as I travel the world.

[52:55] Lack of regulation can be very shocking from someone coming from a western world.

[55:20] There are a lot of benefits to Singapore, but here's the thing, Singapore also does not have free speech.

[56:40] You want to be able to accept certain cultural differences that won't affect you overall.

[56:55] What are you looking for?

[57:15] Eastern Europe has more freedom to run the business you want.

[59:10] The rest of the world has much more acceptance than in Western societies.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Andrew@nomadcapitalist.com/

www.upventures.io/

www.barefootjournal.com/

Apr 28, 2016

If you're wondering what it takes to become a Nomad Capitalist, Andrew has a couple of answers for you. The first question you should always ask yourself is, 'why?' Why are you doing this? Why do you want to have a second passport or renounce the one you currently have? You must, must know your 'why' before you set off to acquiring new flags. Andrew says you become a Nomad Capitalist when you know what freedom looks like to you.

 

Key Takeaways:

Andrew's Editorial:

[1:10] How do you become a Nomad Capitalist?

[2:10] Your story is important. You have to put yourself first and go where you're treated best.

[2:30] When people call Andrew, they always like to ask him, 'Where are you now?'

[3:25] Traveling can be fun, but you have to know if it's right for you.

[6:25] So, what do you have to do to become a Nomad Capitalist?

[7:05] Always ask yourself 'why?'

[7:25] Don't ever lose sight of the why. If you don't have a why, you'll never get to the right place.

[9:35] Do what's comfortable for you. The answer is different for everybody.

[15:30] Get the right strategies in place and then go live the life of your dreams.

[17:45] What does freedom mean to you?

 

Interview:

[19:40] Why did Olivier want to become an entrepreneur?

[20:45] What were some of the things that pushed Olivier to entrepreneurship?

[22:05] Olivier saw firsthand how broken his employer's system was.

[23:15] When was Olivier's big aha moment on becoming a nomad?

[25:25] You sometimes have to let go of your old notions in order to find your true path.

[25:40] People stay in bad situations because they are comfortable.

[26:40] If you want comfort, this lifestyle may not be for you.

[27:40] If something is going to go wrong, there's a good chance you didn't think about it.

[27:55] Have a plan B, but don't develop anxiety over the worst case scenario.

[28:15] Why did Olivier leave France and move to the US?

[32:05] Olivier talks about some of his favorite places to plant flags.

[32:35] Let's talk banking, what has worked and what hasn't?

[34:55] Olivier sees Thailand going down the wrong path.

[37:05] What kind of problems has Olivier run into so far?

[39:35] Hong Kong is becoming a mess in terms of banking.

[41:25] The US bank told Andrew's mother to not bring debit cards to Malaysia, because it's fraud city.

 

The Lighting Round:

[44:25] One business – something immigration related and/or a co-working space.

[45:15] One country – Brazil.

[45:50] One book – Jonathan Livingston Seagull by Richard Bach.

[46:45] One tool – Google drive.

 

Listener Question:

[49:05] What would make Andrew move if he was still living in the US?

[49:30] Everyone says they're going to move to Canada if so-and-so is elected.

[50:20] If you love freedom so much, why not Mexico?

[52:25] The system is the problem, not the person being elected.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Andrew@nomadcapitalist.com

www.1040abroad.com/

Jonathan Livingston Seagull by Richard Bach

Apr 23, 2016

Andrew discusses some of the pros and cons of owning agricultural land. If you're interested in purchasing agricultural land, then you must have a trusted lawyer by your side to make sure everything is in compliance with the law and that the deal you're about to go through is 100% legitimate. Too often you hear horror stories of people getting screwed over by bad apples. Andrew also recommends to look into agricultural land throughout Eastern Europe, as it is often far cheaper than agricultural land in Latin America and many other countries. 

 

Key Takeaways:

 

Andrew's Editorial:

[2:20] Jim Rogers believes sometime in this century farmers will go back to holding all the wealth.

[3:00] Andrew talks about The $10 Trillion Prize.

[4:40] On a large scale, cows take a lot of land compared to rice fields.

[4:45] This is why people talk about agricultural land being so valuable.

[5:20] The problem with agricultural land is that it's not only a long term investment, but also an expensive one.

[6:20] There are other compelling reasons to own agricultural land. 

[7:55] Andrew wants your feedback about the investment he is making.

[9:15] Being on the ground is often better than being online.

[9:55] Most people don't have $7.2 million to put into agricultural land.

[10:05] Andrew is acquiring a small cattle ranch in Eastern Europe because it's cheaper.

[11:15] If you can't get the top lawyer in town, then get the best lawyer you can and pay them!

[13:55] There aren't a lot of good metrics on what agricultural land is worth, which is why you need to have people you trust, like lawyers, by your side.

[20:15] Have a lawyer, have a lawyer, have a lawyer.

[23:05] There are places where you can get residency if you purchase agricultural land.

 

Interview:

[23:45] Andrew introduces Daniel.

[25:10] Daniel had both Swiss and US passports at birth.

[27:00] Daniel talks on why he decided to renounce his US citizenship.

[29:40] What was Daniel's big aha moment?

[30:15] The US policy on how they handle their US citizens living overseas is disturbing.

[30:40] Why Switzerland? 

[34:10] What did Daniel do after he renounced his US citizenship?

[34:40] Switzerland has no capital gains tax.

[34:50] What other flags has Daniel planted?

[35:50] Daniel's 11-year-old daughter is a US citizen and she is also running into some problems.

[40:25] Does Daniel go back to visit the US?

[42:25] Daniel feels like it's easier to go back to the US as a non-US citizen than as a citizen.

[43:50] What kind of problems has Daniel faced since he renounced his US citizenship?

 

 

The Lighting Round:

[48:50] One business – any type of business online.

[49:25] One country – Switzerland.

[50:15] One book – books on renouncing US citizenship. 

[50:55] One tool – The American Expatriates Facebook group.

 

Listener Question:

[53:30] How do you stay healthy while traveling?

[55:15] Andrew recommends apple cider vinegar.

[57:05] If you feel bad, stay in and just knock it out.

[58:40] There's usually a pretty simple solution to most things.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Andrew@nomadcapitalist.com/

The $10 Trillion Prize by Michael J. Silverstein

https://www.facebook.com/groups/AmericanExpatriates/

Apr 14, 2016

It's that time of year again where, guess what, you're paying high amounts of taxes. If everyone around you is getting excited about their refund check and you're not, you already know you're different. This year is the best time for reflection and to find out what you truly want. Don't wait another year to achieve the financial freedom you so desire and crave.

 

Key Takeaways:

 

Andrew's Editorial:

[1:45] It's that time of year again...to pay taxes.

[2:10] Why don't you blow your refund check on some brand new patio furniture?

[3:40] If you're listening to the show you already know you're different.

[3:50] No one is ever going to commend you for getting an offshore back account.

[4:15] There is a growing feeling that the western government is there to take care of the people and if you don't feel that way, you know you're different.

[8:00] Don't save. Rely on social security, because the politician said so.

[10:30] Focusing on why a politician is bad does not help solve the problem. You have to understand how the impact of so-and-so person being elected will affect you.

[11:25] Eastern Europe has some of the lowest tax rates in the world.

[15:20] If you live in the US full time, expect to pay.

[15:25] You're looking for a new way out? A new president isn't going to fix that.

[16:35] If you're uncomfortable with writing the IRS a big check every year, then you need to make a change.

[20:15] This is a good time of the year to reflect on where you really want to be financially.

 

Interview:

[22:05] Why did Ashley want to become a freelancer?

[23:20] Teaching English overseas is not everyone's dream job.

[23:30] What was Ashley's big ‘aha’ moment?

[27:05] Why did Ashley want to live in Mexico?

[28:10] Mexico City is one of the biggest cities for museums in the world.

[29:45] The food in Mexico just seems better, even the coke tastes better.

[33:35] Biggest challenge for Ashley has been getting her residency.

[35:00] Doing it yourself sometimes is a huge headache.

[38:25] What are some of the successes Ashley has achieved that she wouldn't have been able to accomplish back home?

 

The Lighting Round:

[41:25] One business – Recycling.

[42:10] One country – Mexico.

[43:25] One book – Poor Economics by Abhijit Banerjee and Esther Duflo.

[44:20] One tool – Google hangouts.

 

Listener Question:

[50:25] How can a Canadian citizen, who owns physical property in Canada, no longer become a resident of Canada?

[52:20] You have to move or sell your stuff in Canada.

[55:10] This is a complicated case.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

Andrew@nomadcapitalist.com/

Poor Economics by Abhijit Banerjee and Esther Duflo

Apr 7, 2016

Andrew discusses current trends happening in Asia and how it's slowly becoming more and more difficult to do banking there. The Nomad Capitalist slogan is, 'go where you're treated best', but Asia, Central, and South America are becoming more difficult for residency purposes and it's becoming harder to receive the treatment you want. Andrew is moving out of Asia and focusing more of his efforts in Georgia. 

 

Key Takeaways:

 

Andrew's Editorial:

[1:35] Andrew is no longer recommending South East Asia?

[2:55] Looking to diversify internationally? Focus on making your life easy.

[3:45] Banks in Hong Kong are becoming more difficult.

[4:30] If you're a nomad capitalist, Asia is becoming more difficult.

[6:45] Growth is moving back to Asia.

[7:10] If you're looking for safe havens and diversifying your life, there are easier options.

[7:50] When a Hong Kong bank is suspending your account, what do you do?

[11:00] Andrew personally loves Georgia. Banks are easy, life is easy.

[12:25] You get treated better, bank wise, in Europe.

[15:45] What's happening in Asia is also happening in Central and South America.

 

Interview:

[19:15] Why did Nathan become a nomad?

[20:55] Nathan was isolated in his home country of New Zealand and wanted to travel.

[21:45] Why did Nathan start his business overseas?

[23:15] Narrow down what your strengths are.

[23:50] You don't have to scale all that much to live the life of your dreams.

[26:00] Look at the skills you already have and see how you can use those to make money online.

[27:55] If you can't be authentic, then you're not going to be a successful talent.

[28:10] Are you doing this because you're a leader or because you're following someone else's footsteps?

[29:30] In this day and age, why not? It's possible to travel around the world and have a business.

[30:15] Andrew couldn't do and still can't do hostels.

[31:25] Andrew's financial advice is boring have an emergency fund, have six months of living expenses in the bank, etc.

[33:30] What flags does Nathan like currently?

[35:10] There are a lot of great options in Europe.

[35:15] Nathan really loves Norway banks.

[38:20] Nathan shares his experience in Thailand.

 

The Lighting Round:

[40:30] One business Electronic payment system

[41:35] One country New Zealand

[42:40] One book - Antifragile by Nassim Nicholas Taleb

[43:55] One tool - Starbucks

 

Listener Question:

[46:50] What's Andrew's opinion on buying agricultural land?

[47:40] What are your goals by trying to buy agricultural land?

[48:30] Owning agricultural land is a good thing, but there's a lot of garbage land out there.

[49:50] Really do your due diligence on the agricultural land you're planning to buy. It's often misleading.

[51:35] Know the rules and the laws to this land.

[52:30] Be aware that you might be overpaying for your property.

[53:00] Agricultural land is very good, as long as you're doing it the right way.

 

Mentioned in This Episode:

www.nomadcapitalist.com/

www.nomadcapitalist.com/2016/04/01/reasons-leaving-southeast-asia/

Andrew@nomadcapitalist.com/

www.assembleadvisory.com/

Antifragile by Nassim Nicholas Taleb

Mar 24, 2016

One of the main themes Andrew has continued to touch on throughout the year is around fear and inaction. Andrew understands what fear can do to someone and their success because fear has also, at times, taken control of Andrew. This is one of the reasons why he invited Matt Dubiel to join him on the show. Matt is still living in the US and has not made the step to move overseas and become a nomad just yet. Andrew and Matt talk on fear, what the outside world looks like to the average American, and what's holding him back from his nomad journey on today's show.

 

Key Takeaways:

Andrew's Editorial:

[3:25] Why do you feel stuck?

[3:45] The reason why you're stuck is because you have too much fear.

[5:00] One of Andrew's fears is going out and making the investment.

[5:25] Andrew would've been more successful if he didn't have fear about taking action.

[7:35] We all have fears. It's normal. However, you can still get things done.

[8:35] Your plan needs to be able to serve you now, not later.

[10:55] Today, Andrew wants you to hear some of the valid fears his guest has.

[11:10] The biggest thing that has held Andrew's guest entrepreneurs back is their fear.

[13:25] Do something old school. Write down all the pros and cons of the things you want to do.

 

Interview:

[16:55] One of the benefits of traveling abroad is that it's a very balanced world out there, especially compared to what the media thinks.

[17:45] As long as you live in the US, it's hard to see what's considered normal vs. what's not; like having to own a car, for example.

[18:40] When you step outside of the US, everyone else isn't as judgmental. There are suddenly new standards to living.

[20:55] We convince ourselves that these little things don't affect the work we do.

[21:15] Andrew believes he has gotten more things done just by being outside of the US and not being focused on keeping up with the Joneses.

[21:50] Believe it or not, material possessions do not bring you happiness.

[23:00] The things we own end up owning us.

[24:55] When did Matt realize he should be looking offshore instead of onshore?

[27:35] There has to be a better way, right? Matt explains further.

[29:50] The US is shifting significantly and Matt is beginning to see a lot more division in the classes.

[30:15] The American dream can be found elsewhere. It can be found in places like the Philippines.

[35:30] The American people want a hero, but there is no hero and a President is never going to be a hero that solves everything for everyone.

[41:15] What's holding Matt back from moving overseas?

[44:10] Lean into the fear.

[48:40] How can you be more open minded to 'the outside'? Matt says to travel and bring your family along.

[53:40] You can solve a lot of problems just by decluttering your life.

 

Listener Question:

[57:35] Is citizenship by descent worth the hassle?

[57:50] The worst second passport is the one you don't have.

[59:55] It can take up to three years to get a Polish passport by descent.

[1:00:35] Going through the descent route may not be for you.

[1:02:20] Nothing in life comes free.

[1:04:30] What are your end goals with getting this citizenship?

 

Mentioned in This Episode:

http://nomadcapitalist.com/

Andrew@nomadcapitalist.com

https://mattdubiel.com/

Mar 16, 2016

What is the definition of easy? Easy means a lot of different things to a variety of different people and that's the point Andrew would like to drive home on today's opening segment. Do not get sucked into outside messaging trying to convince you something is easy when it doesn't even fall in line with something you want. Andrew believes that you should have a clear plan and a clear definition towards why you're working for the things you're working for, that way you can define what is the best and the easiest way for you to get there.

 

Key Takeaways:

Andrew's Editorial:

[2:10] Are you planning to move overseas because the 'wrong' President will be elected?

[3:00] So many people feel crazy to leave their home town.

[4:50] 'If so and so President gets elected, I'll move to Canada.' Why Canada? Why not Mexico?

[6:55] If you renounce your US citizenship, you will need a visa to visit the US.

[7:30] It has become harder to become a citizen of Uruguay.

[10:15] What does easy really mean?

[11:05] People say Panama is easy, but it really isn't.

[14:00] Why do you really want a second passport?

[15:30] Have a plan and know the real reason why you are aiming for a new residency card.

[17:25] The reality is, you may never really need a second passport.

[18:15] The moral of the story is, what is easy and does it serve your purpose?

[21:00] Easy isn't always the best way. Good options are often not marketed as easy. 

[21:20] The easiest way to lose weight? Eat better and exercise, not that hard, you just have to do it.

[21:40] Why do you want to move to another country? If you don't have the answer, don't do it yet.

[24:35] What is easy for Andrew, might not be easy for you.

 

Interview:

[27:15] Andrew introduces Sarah.

[27:50] Why did Sarah want to be a nomad/traveler?

[29:30] People don't travel because they don't know where to get started.

[30:35] When you travel, you can make friends wherever you are.

[31:30] What kind of fears did Sarah have when she started traveling?

[35:00] For tax purposes, it's good to know how many days you've been in each country.

[36:40] Spain is a place you want to live in, but not a place to do business in.

[37:50] How is Sarah planting her flags?

[41:35] South East Asia is fun, but it's not a place to live in for a long time.

[44:10] Men vs women traveling to South East Asia? Is it less fun for women to go there?

[45:15] There are differences in dating.

 

The Lighting Round:

[47:00] One business – No answer.

[47:25] One country – A warm country like Spain or Australia.

[48:15] One book - Invisible Selling Machine by Ryan Deiss

[49:15] One tool – Basecamp.

 

Listener Question:

[51:55] What kind of creature comforts has Andrew added into his travels?

[54:15] Andrew will be taking a duffel bag full of teas.

[56:45] A country like Georgia doesn't have a lot of creature comforts.

[57:05] There's an opportunity to provide creature comforts in countries where they don't have them.

 

Mentioned in This Episode:

http://nomadcapitalist.com/

http://nomadcapitalist.com/author/sarah-schaetti/

Invisible Selling Machine by Ryan Deiss

Andrew@nomadcapitalist.com

Mar 2, 2016

Be very wary of the word 'free'. Free often means it lacks value and gives you a bad opinion over things with value that are worth the high-price tag. Andrew talks about how the island of Pitcairn is offering free land to those who want it, as long as they're willing to live there. Today's guest is Jiah Kim, an entrepreneur who went back to school to become a lawyer. She now uses her expertise to help serve others on an international basis. Listen in to find out more about her story.

 

Key Takeaways:

Andrew's Editorial:                              

[2:00] How is the world changing and how will you keep up with it?

[2:45] Why does nobody want 'free' land?

[7:50] If you want to move to Pitcairn, they've got some free land for you.

[11:40] Get away from 'free' things!

[12:40] Someone invited Andrew to an event and he explains why he didn't go.

[15:45] Free things reduce the true value of real, quality things.

[21:40] What's a really good investment worth? Well, it isn't free.

 

Interview:

[24:00] Why did Jiah decide to become an entrepreneur?

[25:55] Why did Jiah leave her entrepreneurship career to become a lawyer?

[28:10] Most people become a lawyer and then throw it away, but it seems Jiah did it differently. She adapted her skill sets to entrepreneurship.

[29:15] How does Jiah manage being a lawyer/entrepreneur at the same time?

[31:50] What was Jiah's 'ah-ha' moment to having an international business?

[35:45] What are Jiah's thoughts on Southeast Asia?

[38:20] In what ways has Jiah been diversifying herself?

[42:30] At what point is it considered that you've 'lived' in a country? Apartment in your name? A certain amount of friends?

[44:20] Jiah feels that when she travels often, she loses productivity.

[46:40] Jiah's biggest challenge to being a nomad is the lack of family support.

 

The Lighting Round:

[48:30] One business – Restaurant or water filters. 

[49:45] One country – China or US.

[50:20] One book – Gone with the Wind by Margaret Mitchell.

[51:10] One tool – AreoPress.

 

Listener Question:

[55:10] How do you know when you need an asset protection trust?

[56:25] $500,000 is when you have to start thinking about it.

[56:30] But the real question is, why do you need a trust in the first place?

[57:10] By having a trust, what are you trying to accomplish?

[59:45] The better question to ask is, 'what are my threats'? And then solve those problems instead.

 

Mentioned in This Episode:

http://nomadcapitalist.com/

http://www.telegraph.co.uk/news/worldnews/australiaandthepacific/pitcairnislands/11418280/Why-will-nobody-move-to-Pitcairn-the-Pacific-island-with-free-land.html

http://jiahkimlaw.com/

Gone with the Wind by Margaret Mitchell

Anything You Want by Derek Sivers

Feb 25, 2016

Andrew used to think that he knows best and shares a perfect example of how his mentality has changed over the years. Sometimes, you don't know best and you need others to take the lead so that you can get to where you want to be. This is why it's so important to surround yourself with professionals and experts you trust. However, with that being said, you also have to get off your butt and be willing to invest some of your time or resources to help others get you there.

 

Key Takeaways:

Andrew's Editorial:

[1:25] Sometimes the best thing to get done is nothing.

[2:10] Maybe some of this stuff isn't for you.

[4:30] Andrew shares a story about what happened to him in Hong Kong last week.

[10:05] Andrew doesn't want to feel good for an hour; he wants to feel good for the rest of his life!

[10:30] Andrew achieves success by trusting in the right people to get him there.

[10:50] Are you trying to be the expert when you actually aren't?

[13:55] You have to get off your butt and go take action.

[15:35] If you want to heal, you have to feel the pain.

[17:10] If you're not willing to invest your resources or time, then Andrew cannot help you.

[19:10] Why do people cheat? Andrew explains.

 

Interview:

[24:15] Why did Nick become an entrepreneur?

[26:30] What was Nick's big ‘ah-ha’ moment to start his business overseas?

[27:35] Why did Nick choose Asia?

[29:40] Nick talks about what Freedom Generation is.

[31:15] What countries have stood out to Nick for planting flags?

[32:40] What worked yesterday may not work today. Things change quickly.

[34:05] Some clients have concerns about people working overseas. They still don't understand the concept.

[35:00] How does Nick work around the time zone differences with his clients?

[36:00] Nick talks about hiring people online.

[38:25] What Nick would not be able to do if he was still in New York!

[40:50] What were some of the things Nick thought would go wrong, but didn't?

[43:10] What advice would Nick give to other New Yorkers?

 

The Lighting Round:

[44:25] One business – e-commerce or retail.

[45:15] One country – Vietnam or Cambodia.

[45:50] One book – The Personal MBA by Josh Kaufman and The 7 Day Startup by Dan Norris.

[46:40] One tool – Freedom.to

 

Listener Question:

[49:20] Where are the best countries with the highest real estate yields?

[51:15] You don't have to choose between cash flow and property. You can do both.

[55:10] Eastern Europe and West Asia offer lots of opportunity for yield if you know what you're doing.

[56:40] The best place for yield may be where you are currently.

[48:20] The real question is, where's your network?

[1:00:20] The real key to succeeding is to know what you're doing or have trusted experts to help you.

 

Mentioned in This Episode:

http://nomadcapitalist.com/

http://freedomgeneration.co./

https://freedom.to/

The Personal MBA by Josh Kaufman

The 7 Day Startup by Dan Norris

Feb 17, 2016

Andrew is a big supporter of writing things down. He talks about some of the key lessons he has learned from Tony Robbins over the years about taking action. He shares this knowledge so that you, too, can work towards something meaningful. Andrew asks an important question: “What are your ‘must’ items in life?” What do you want to achieve before you die?” Write them down now so that you do not get distracted by the shiny, but meaningless objects that pass you by.

 

Key Takeaways:

Andrew's Editorial:

[2:30] Andrew talks on how he wanted to create a different company culture for his business.

[4:15] You gotta have the right mindset when starting business offshore.

[5:10] Andrew and his team are setting aside time every day to learn how to be better at what they're already doing.

[8:10] How can we implement better service principles?

[8:40] Quick action steps: Learn, write down your takeaways, and build an action plan.

[8:55] What are your 'must' items in your life?

[9:10] Andrew explains the 80/20 rule.

[10:45] Write down the things you have to have & the things you want to accomplish.

[11:45] Stop looking at the next shiny object and look at your 'must have' item list instead.

[13:15] Create a life you're happy off!

[15:40] Ask yourself: What do I really want? Why do I want it? What do I need to do?

[21:50] Until you have your 'why', Andrew can't help you.

 

Interview:

[23:35] Andrew introduces Andy Galt.

[24:10] Why did Andy want to become an entrepreneur?

[25:25] What was Andy's big 'ah-ha' moment?

[26:50] Americans prefer to borrow, whereas the Chinese prefer to save to start their business.

[29:10] You can't really fix people in the Western world.

[31:25] Andy talks about running his web business in Georgia.

[32:50] Why did Andy pick Georgia?

[35:00] What are Andy's thoughts on Asia vs. Europe?

[37:15] What kind of flags has Andy planted?

[41:30] What has been Andy's greatest business success since leaving the US?

[44:20] Andy doesn't like hiring Americans.

[45:10] Are Americans really that lazy?

[46:05] What kind of challenges has Andy experienced overseas?

[48:30] It's a challenge finding love when you're a nomad.

[49:25] Why is Tinder a problem?

 

The Lightning Round:

[51:50] One business – Prepaid cellphone kiosk.

[52:35] One country – Croatia.

[52:50] One book – The Road to Serfdom by F.A. Hayek

[53:30] One tool – Evernote.

 

Listener Question:

[56:05] What is Andrew's number one criteria before moving to a country?

[59:00] Chile isn't the worst place to go, but it's not the best place either.

 

Mentioned in This Episode:

http://nomadcapitalist.com/

http://nomadsconcierge.com/

http://globalmingle.net/

F.A. Hayek by The Road to Serfdom

Jan 27, 2016

The average person is often under the wrong impression that having an offshore bank account is only for criminals. Andrew explains that not only is it legal to have an offshore bank account, but you should have one in order to successfully diversify and plant flags all over the world. Andrew emphasizes the importance of aligning yourself with like-minded people that won't treat you like a criminal for planting new flags.

 

Andrew's Editorial:

[1:35] The mainstream media doesn't want you to have a second passport.

[2:05] Andrew has hosted his last Passport to Freedom event.

[2:35] The average person thinks if you have an offshore company you're a criminal.

[3:25] 40% of millennials wouldn't mind if the 1st amendment went away.

[6:00] Andrew shares a story about his friend losing weight.

[11:35] You have to motivate yourself to get things accomplished.

[16:00] If you invest $9 in yourself, you'll get $9 results.

[21:35] If you don't have wealth to protect, then come back when you're ready.

 

Interview:

[23:30] How did Nicholas get started in entrepreneurship?

[24:15] What motivated Nicholas to travel?

[25:15] By traveling frequently, Nicholas learned about a lot of cultural differences.

[25:55] Nicholas talks about his company.

[26:35] Why start a business in the UK?

[28:45] There's more developers in London, but they get paid less.

[30:45] Is it hard to setup a business in Germany without learning German?

[33:00] Nicholas says it's hard to find good talent in London.

[34:45] What kind of tax benefits/cuts are there for starting a business in London?

[37:10] Go through the extra steps and ensure your company is setup correctly.

[37:40] What other flags has Nicholas planted in the UK?

[37:55] Banking in the UK is difficult.

[40:45] Nicholas believes he wouldn't be able to start his current business in Germany.

[42:15] What kind of challenges has Nicholas faced?

[43:25] The world is really a small place.

 

The Lighting Round:

[46:05] One business – Catering.

[46:50] One country – US.

[47:35] One book – Zero to One by Blake Masters and Peter Thiel.

[48:35] One tool – Mindmeister and Tree House.

 

Listener Question:

[50:20] Can you get Malaysian citizenship after 12 years? 

[51:25] Asia isn't always friendly for residency.

[52:10] Malaysian doesn't allow dual citizenship.

[53:25] Why do you really need a second passport?

[56:10] Keep your current passport and get something else.

 

Mentioned in This Episode:

http://nomadcapitalist.com/

https://www.mindmeister.com

https://teamtreehouse.com/

https://crozdesk.com/

Zero to One by Blake Masters and Peter Thiel

Jan 13, 2016

On last week's podcast, Andrew talked about practicing the law of abundance. He recently wrote a blog post titled “10 ways to use the Law of Abundance with Flag Theory”, hoping to help others live a life of abundance and not a life of scarcity. Today's guest is Kathleen Peddicord, the founder of Live and Invest Overseas. She shares her story with us and talks about why she moved from Paris to Panama City.

 

Key Takeaways:

Andrew's Editorial:

[2:00] How can you practice an abundance mindset in your life?

[6:00] Running from the Boogeyman is not going to solve your problems.

[10:00] Negativity is not the solution.

 

Interview:

[11:55] How did Kathleen's journey begin?

[16:15] What was the big 'ah-ha' moment for Kathleen?

[18:00] How long did it take Kathleen to start her business overseas?

[25:55] Panama vs Paris.

[28:45] Kathleen found Ireland frustrating.

[31:35] Starting a business today? Then go to Panama.

[36:25] Panama is influenced by the US.

[40:35] You need to accept a foreign country for what it is.

[42:25] How has moving helped Kathleen's marriage?

 

The Lightning Round:

[47:15] One business – book store.

[48:20] One country – France.

[49:30] One book – The War of Art by Steven Pressfield.

[50:40] One tool – Skype.

 

Listener Question:

[53:30] Andrew will be doing one-on-one consultations in February.

[53:55] Tony wants to pay less tax, but he can't leave the US. Is Puerto Rico an option?

[56:15] Andrew goes over Puerto Rico's residency requirements.

[58:40] You need a US tax lawyer.

[59:20] Andrew's advice? Go to another country and create a plan B for yourself.

[1:00:35] Where do you really want to be?

 

Mentioned in This Episode:

http://nomadcapitalist.com/

Andrew@NomadCapitalist.com

Hola@NomadCapitalist.com

http://nomadcapitalist.com/2016/01/04/law-of-abundance-flag-theory/

http://www.kathleenpeddicord.com

http://www.liveandinvestoverseas.com/

The War of Art by Steven Pressfield

Jan 6, 2016

Andrew shares a story of a man who wanted to obtain a new citizenship in 2012, but due to inaction, he wasted three additional years before starting the process. This year, aspire to be someone of action and do not let the 'do it later' mentality get the best of you. Andrew also talks on the law of scarcity vs. the law of abundance and why you should almost always invest in yourself.

 

Key Takeaways:

Andrew's Editorial:

[1:40] Make a list of all the things you have been putting off.

[2:10] What haven't you accomplished yet?

[3:20] Don't let inaction hold you back.

[6:40] Take action quickly without over-analyzing.

[11:45] Do it now, not later.

[13:50] Invest in yourself.

[15:55] Andrew talks about the law of scarcity.

[19:50] By building a trustworthy network, you gain more valuable time for yourself.

[21:45] Practicing abundance is Andrew's New Year’s resolution.

 

Interview:

[24:15] Japan is not that expensive.

[25:15] Keith talks about the value of the Yen.

[26:40] How did Keith become an entrepreneur?

[28:00] What was Keith's 'ah-ha' moment?

[30:20] Why Japan?

[36:00] Keith talks Japan taxes.

[39:00] What was Keith able to achieve in Japan with his business?

[41:30] US vs. Japan banking?

[44:10] Keith talks about raising a family in Japan.

 

The Lighting Round:

[45:40] One business – Marketing.

[46:05] One country – A Scandinavian country.

[46:40] One book – No answer.

[46:55] One tool – Skype.

 

Listener Question:

[51:00] Remember to subscribe.

[51:10] How can someone do business in Somaliland when there are no international banks?

[52:15] Why Somaliland? Is it a right fit for you?

[55:35] Be cautious with the Somaliland market.

 

Mentioned in This Episode:

http://nomadcapitalist.com/

Hola@NomadCapitalist.com

Dec 31, 2015

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/

http://nomadcapitalist.com/2015/12/21/easiest-place-to-open-a-bank-account/

Andrew@NomadCapitalist.com

Hola@NomadCapitalist.com

http://parisfoodandwine.net/

Moveable Feast by Ernest Hemingway

 

Dec 18, 2015

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/

 

Dec 11, 2015

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:

http://nomadcapitalist.com/

Andrew@NomadCapitalist.com

The Big Leap by Hendricks Gay, PhD.

 

Nov 26, 2015

Andrew talks on how U.S real estate is often overpriced and doesn’t offer the best investment options money can buy. He believes that it's important to go where you're treated best and to not follow the herd. People looking to become a citizen of the world must network with like-minded people or else they'll be seen as crazy for not blowing their money on current trends. Today's guest is Angela Hood from ThisWay Global. Angela talks on what it's like as a U.S. citizen living and starting a business in London.

 

Key Takeaways:

Andrew's Editorial:

[2:00] What is the most important thing in a business? Sales.

[2:15] Andrew was watching Million Dollar Listing.

[4:05] Why are people paying so much money for real estate?

[7:45] People have short memories.

[10:00] Just because foreigners are buying U.S. Property, it doesn't mean they're right.

[12:40] Following the herd is a bad idea.

[13:20] Want to lower your taxes? Don't follow the herd.

[16:20] Nomad Capitalist can help you network with like-minded people.

[18:15] Email us your story and let's see if we can help you.

 

Interview:

[19:50] Andrew introduces Angela Hood. ThisWay Global

[20:45] Why did Angela decide to become an entrepreneur?

[22:40] Why did Angela leave the U.S.?

[24:50] It's harder to start businesses in the U.S.

[26:40] There's a lot of diversity in London.

[29:00] Americans miss out on a lot of opportunities by not traveling.

[29:30] What about the lack of privacy in the UK?

[30:30] Why did Angela choose to start a business in the UK?

[32:05] Angela recommends Czech Republic and Ireland for starting a business.

[33:30] Zero tax countries may not be the right place to go.

[33:50] How international is Angela's business?

[36:10] What is the greatest business success Angela has achieved?

[38:20] Pros and cons of getting funding?

[40:30] What is the tax situation like in the UK?

[44:35] Does Angela want British citizenship?

 

The Lighting Round:

[46:20] One country – U.S.

[46:40] One business – Food truck.

[47:35] One book - Tipping Point by Malcolm Gladwell

[48:25] One tool – Slack/Whatsapp.

 

Listener Question:

[51:25] How can you get a Thai passport?

[53:25] Asia is a bit inclusive.

[56:35] Getting residency in Thailand isn't cheap.

 

Mentioned In This Episode:

http://nomadcapitalist.com/http://nomadcapitalist.com/

Nov 18, 2015

Andrew does a quick comparison between Medellin, Colombia versus London, England. Andrew believes investing in Colombia is a great option right now. The people are incredibly optimistic about where the country is going and Colombian citizens are investing in their economy again. Today's guest is Mark Peters, who has relocated from New York to the UAE. Mark talks on some of the growing opportunities expats can find while living in Abu Dhabi.

 

Key Takeaways:

Andrew's Editorial:

[01:40] Andrew will be hosting a private event just for the Nomad audience.

[03:15] The Colombians are optimistic about their economy.

[05:50] Andrew felt safe in Colombia.

[08:15] Medellin vs. London?

[14:10] Andrew will be revealing his investment playbook at the Passport to Freedom event.

[14:35] London isn't optimistic.

 

Interview:

[19:55] How did Mark get started?

[24:25] Connect with other people to help take your investments to the next level.

[25:40] Why did Mark leave the US?

[28:10] It seems the Middle East and Africa are untouched by expat investments.

[29:30] Are people missing out by not considering places like Abu Dhabi?

[31:25] Should you look to the Middle East to set up a tech company?

[33:00] What's the weather like?

[34:05] Which flags is Mark currently planting?

[36:30] What's the banking like in the Middle East?

[38:40] What kind of challenges has Mark faced as a U.S. citizen?

[42:35] The UAE is already 80% expats and they are incredibly welcoming to foreigners.

 

The Lightning Round:

[45:55] One business – Disposing of furniture and renting apartments. 

[47:15] One country - UAE

[48:30] One book – The Obstacle Is The Way by Ryan Holiday.

[48:55] One tool – Cam Card.

 

Listener Question:

[51:35] Do you qualify for a Hungarian citizenship?

[54:00] It's hard to actually get the documents you need, because they're on paper and archived somewhere.

[56:10] Prepare to spend a lot of time and money on this.

[57:55] It's not a cheap process, but it's a good passport to get.

 

Mentioned in This Episode:

http://nomadcapitalist.com/

Hola@NomadCapitalist.com

https://twitter.com/amarkmanpeters

The Obstacle Is The Way by Ryan Holiday

https://www.camcard.com/

 

Nov 5, 2015

While Andrew was visiting his lawyer in Panama, they had an interesting conversation on how there's a lot of investment coming not only from the US and Canada, but from Venezuela and other South American countries that are suffering economically. Due to less regulation in Panama, it is easy to do business and pay taxes without it restricting your business growth. If you spend 5% of your time trying to be in compliance with the law, what does your time really mean to you? Go where you're treated best.

 

Today's guest is Horst von Wendorff from Virtual Knowledge Workers. Horst runs a VA team in the Philippines and talks on some of the challenges he's faced while trying to do business there.

 

Key Takeaways:

Andrew's Editorial:

[2:10] Locate who you can trust. Bad lawyers are everywhere.

[5:25] Venezuelans, Colombians, and Argentinians are also investing in Panama.

[9:25] Interested in hiring a women?

[13:00] Countries with 'too many rules for your own good' are on the decline.

[15:45] If you need help, please email Hola@NomadCapitalist.com.

 

Interview:

[17:55] Andrew introduces Horst von Wendorff.

[18:30] Why did Horst become an entrepreneur?

[22:30] Was it scary to move to the Philippines?

[24:40] Did Horst ever have an ah-ha moment?

[27:40] What kind of flags has Horst planted?

[30:15] Horst talks Philippines tax.

[34:10] Banking was easy for Horst.

[35:05] Horst talks about the culture clash.

 

The Lighting Round:

[37:30] One business - time.

[38:20] One country – US.

[38:45] One book – Harvard Business Review.

[39:40] One tool – Smart phone, anything cloud-based, Office 360, cheap laptop, and TimeandDate.com.

 

Listener Question:

[43:40] Do you qualify for Russian citizenship through a family member?

[46:40] Andrew is unsure on the process.

[48:00] If you can get a Russian passport, take it.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

Hola@NomadCapitalist.com

http://vkwinc.com/

https://hbr.org/

http://www.timeanddate.com/

 

Oct 30, 2015

Andrew Henderson tells the story of Parable of the Talents and the key lessons you can learn from it. Andrew states that you should not be rewarded for playing it safe and burying your money in the backyard. It's important to develop an abundance mentality so you can take the necessary risks to grow your wealth.

 

Today's guest is Tony Simola from Simola Technologies. He currently is located in Finland and is a successful digital nomad. We learn about Tony's background and some of the challenges he's faced while trying to plant flags around the world.

 

Key Takeaways:

 

Andrew's Editorial:

[2:20] You can now buy tickets to the Passport to Freedom event.

[3:05] You got to be on the email list if you want special discounts.

[4:19] Andrew talks about his friend Matt and the story of the Parable of the Talents.

[10:35] The Nomad Capitalist talks about the idea of protecting the money you have.

[11:50] Burying money in the backyard is never the answer.

[12:55] Government can devalue your money.

[13:55] You have to take a little risk to grow your wealth.

[15:55] At the Passport to Freedom event, there will be speakers to help you invest your money wisely.

[18:10] Start to develop an abundance mindset towards your money.

 

Interview:

[20:45] Andrew introduces Tony Simola.

[21:40] Tony shares a little bit about his background.

[23:55] Why Finland?

[25:50] How does Tony's business allow him to travel?

[28:25] How can digital nomads publish books while overseas?

[31:00] What countries have treated Tony the best?

[35:35] Tony is looking for ease and access and is willing to pay a bit more in tax for that.

[35:55] What other challenges has Tony experienced?

[38:30] Can you do business in Russia?

 

The Lighting Round:

[41:25] One business – Restaurant.

[42:15] One country – US.

[43:00] One book – The House of Morgan by Ron Chernow.

[43:30] One tool – Timeboxing.

 

Listener Question:

[46:30] Is Belize a good tax haven?

[48:35] Colombians working in Panama will soon become double taxed.

[49:55] Paying a little bit of tax can get you along way.

[50:45] Andrew believes paying a bit of tax is better than paying no tax.

[52:00] What is the reputation of a country on a global scale?

[54:30] Feel free to contact Nomad Capitalist to find the best options for you in your situation.

[55:50] Sign up to the email list to get great discounts and updates.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

http://www.simolatechnologies.com/

 

Oct 22, 2015

Andrew Henderson talks on whether or not you should invest in the Iraqi Dinar and how you can diversify your US dollars. Andrew believes that if something appears too good to be true, then it probably is. He emphasizes the importance of doing your homework and to invest in what you have a good understanding of.  Do not fall for get-rich-quick schemes, because those rarely come true. Today's guest is Nadine Hays Pisani. Nadine runs a bed and breakfast in Costa Rica and is the author of Happier Than A Billionaire. She talks on why she left her it all and moved to Costa Rica.

 

Key Takeaways:

 

Andrew's Editorial:

[1:30] Look out for the Passport to Freedom 2016 details in the newsletter.

[3:20] How can you diversify your US dollars?

[4:50] Should you buy Iraqi Dinar and Vietnamese Dong?

[10:40] Invest in what you know.

[13:45] Always do your homework.

[17:30] Easy schemes are what you have to be careful of.

[19:45] Take the emotion out of it and make a calculated decision on investment deals.

 

Interview:

[23:00] Why did Nadine become an entrepreneur?

[24:15] What was Nadine's ah-ha moment?

[26:55] The more you know, the more scared it can make you.

[30:20] Why Costa Rica?

[32:40] You can rent a house in Costa Rica for as low as $400.

[36:05] What other flags has Nadine planted around the world?

[39:45] You don't have to give up your US bank accounts and retirement funds to move aboard.

[44:00] Costa Ricans value their time.

 

The Lighting Round:

[46:05] One business – Reality show.

[46:40] One country – Italy.

[47:05] One book – No books.

[48:25] One tool – Skype

 

Listener Question:

[51:25] Can you open a Swiss bank account without a personal visit there?

[52:50] Most banks require you to be physically present.

[54:00] The door for Switzerland is closed unless you're rich.

[56:30] It is possible to open a bank without physically being there.

[57:10] Fast, easy, and cheap. Pick two out of the three.

[59:40] Check out the Nomad Capitalist book, The Best Offshore Banks.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

http://www.happierthanabillionaire.com/

 

Oct 14, 2015

What does it mean to live in a low-cost country? Andrew cautions that low-cost economies do not necessarily mean it is your best option. Sometimes, you're better off by going where you can make the most money; where there's more opportunity. Traveling to a low-cost country also may not solve your core money problems. Andrew believes if you focus on the opportunities in a more expensive country and not the problems, you may be better off.

 

Ana Gusso is today's guest. Ana facilitates tours for Brazilians looking to travel to Australia and the Himalayan region. She talks on her experiences creating a business overseas and more.

 

Key Takeaways:

 

Andrew's Editorial:

[1:40] Andrew talks about the cost of living around the world.

[3:55] Why should listeners be careful of the 'low' cost of living?

[6:00] Andrew talks about the decline of the American standard of living.

[9:20] Moving overseas may not solve your underlining problems with money.

[13:25] Where can you make the most money?

[15:50] Consider spending a little bit more money to go off the beaten expat road.

[17:10] Focus on the opportunities.

 

Interview:

[19:55] Why did Ana start her business?

[24:55] What other locations did Ana look at before starting her business in Australia?

[27:25] What are the differences between selling to a development market versus selling to a tourist/poorer market?

[29:00] Differences in between Brazil tourists vs Australian tourists?

[32:45] Banking in Brazil was difficult compared to Australia.

[36:15] Ana talks about her dual-citizenship status.

[37:20] It's hard to become a Brazilian citizen.

[39:00] Ana talks about her travel experiences.

                    

The Lighting Round:

[42:00] One business – A travel fair.

[42:35] One country – Not sure.

[43:00] One book – Rich dad, poor dad by Robert Kiyosaki

[43:50] One tool – Audible.

 

Listener Question:

[46:25] Does Andrew recommend banking in Panama?

[49:00] Panama banks are tied to FACTA.

[49:15] Andrew believes there are better banking options.

[50:40] Panama banks are a lot of hassle and they make things difficult.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

http://nomadcapitalist.com/2015/10/05/the-decline-of-the-american-standard-of-living/

http://www.toptripviagens.com/

Rich dad, poor dad by Robert Kiyosaki

 

Oct 1, 2015

Should you move to Georgia and setup a business there? Andrew talks on his last trip to Georgia and how much he loves the government's efficiency in getting everything you need setup in one building. Andrew makes a valid point that entrepreneurs need to know what their time is worth. Is your time worth standing in lines and running around the country to get the needed paperwork or could you use that time to be making deals and making money? Georgia may be the place for entrepreneurs looking for a new start.

 

Key Takeaways:

 

Andrew's Editorial:

[2:35] Should you move to Georgia?

[5:20] Georgia's government is incredibly efficient.

[11:00] Georgia isn't no tax, but it certainty is low tax.

[14:00] Your time is valuable, which is why you should go where you're treated best.

[16:20] Entrepreneurs love banking in Georgia.

 

Interview:

[18:35] Andrew introduces Matt Newton.

[18:55] What does Matt think about Chile?

[21:00] Why did Matt become entrepreneur?

[24:10] Where has Matt traveled to?

[25:10] Is Chile pro-business?

[28:50] Will Matt be staying in Chile or become a perpetual traveler?

[30:30] What kind of flags has Matt planted?

[33:50] What kind of opportunities did Matt get in Chile that he couldn't get in Australia?

[35:15] Banking in the US was the hardest.

[37:10] Matt talks about the romantic side of things of being a perpetual traveler.

 

The Lighting Round:

[39:20] One business – Latin job boards.

[40:40] One country – Spain

[41:50] One book – The 7 Day Startup by Dan Norris.

[43:10] One tool – Minaal backpack.

 

Listener Question:

[45:35] What are the best citizenship by investment programs out there?

[49:45] You don't necessarily have to spend more money to get the best service.

[52:20] Visa free access to Europe may be a good option for you.

[52:55] Caribbean options can open you up to more borders without a visa.

[54:40] Nomad Capitalist can help you with this process. 

 

Mentioned In This Episode:

http://nomadcapitalist.com/

http://www.tourismtiger.com/

The 7 Day Startup by Dan Norris

 

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