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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 62
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

 

Sep 17, 2015

There are several countries in the European Union who will welcome entrepreneurs with open arms. Andrew talks on why you should maybe start a business in Europe in order to get into their residency programs and pay lower taxes. Ladan Jiracek is today's guest. He is the host of the Travel Wisdom Podcast and has been to over 100 countries. Ladan is currently residing in India with his girlfriend and talks on his experience living and starting a business there.

 

Key Takeaways:

Andrew's Editorial:

[1:25] If you're part of the Nomad Capitalist email list, you can get 80% off on Passport to Freedom.

[4:10] Should you get an European passport?

[6:25] How much do you have to invest to get an EU passport?

[9:00] You can apply to EU residency programs by starting a business.

[13:00] In some parts of Europe, tax procedures are easier than in the US.

[17:30] Andrew recommends at least looking at Europe.

[21:55] Where should you go? Where should you be in the next five years?

 

Interview:

[23:10] Andrew introduces Ladan Jiracek.

[27:20] It's never too late to start planting flags.

[30:25] It was only until a couple of years ago that Ladan thought about selling things abroad.

[32:10] Why India?

[34:00] Ladan is living off $400 a month. What does that get him?

[36:25] What business does Ladan plan to start in India?

[38:00] You have to go where you're treated best.

[41:00] What kind of flags is Ladan planting?

[43:25] What challenges has Ladan faced in India?

[45:40] Ladan talks on moving to India with his girlfriend.

 

The Lighting Round:

[47:40] One business Accent services.

[48:10] One country India

[49:15] One book Money Master the Game by Tony Robbins

[50:35] One tool Calendly.

 

Listener Question:

[53:10] What would you do if Bernie Sanders would be elected?

[54:35] Andrew will not be voting. He doesn't believe the expat vote matters.

[56:35] Can the country Georgia be the next Singapore?

[58:35] US expat tax will never go down, because it's corrupt.

[61:25] You can't vote for a safe haven.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

http://nomadcapitalist.com/2014/11/21/39-countries-reduced-taxes-business-corporate/

https://travelwisdompodcast.com/

Money Master the Game by Tony Robbins

https://calendly.com/

 

 

Sep 10, 2015

Andrew talks on the importance of planting digital flags and creating extra security measures to protect your business from possible domain seizures. The US believes all .com addresses are theirs and subjected to US law and taxes. The same can be applied to servers that are hosted on US soil. What should you do and what are the pros and cons if you were to host your website offshore? All of this and more on today's episode of The Nomad Capitalist Live.

 

Key Takeaways:

Andrew's Editorial:

[1:55] Where should you host your website and register your domain?

[4:05] If your servers are located in the US, you might be subjected to tax on your business.

[4:40] What are the pros and cons of hosting in the US?

[7:30] Pros and cons of hosting your website offshore?

[13:50] You never know when the IRS will audit you. A US server can get you into trouble.

[16:15] Where should you get your domain?

[18:55] Foreign domain names may not rank as highly in US/Canadian search engine results.

 

Interview:

[22:10] Andrew introduces Andrew Reich.

[23:15] How did Andrew R. get started in his entrepreneurial journey? 

[27:40] Did Andrew R. ever have an 'ah-ha' moment?

[29:15] What's it like living in China?

[32:40] What kind of lessons has Andrew R. learned while running a business and being a traveler?

[36:20] What flags has Andrew R. planted?

[38:30] Setting up companies in Hong Kong versus US? Which is easier?

[43:20] Has Andrew. R experienced any problems setting up bank accounts?

 

The Lighting Round:

[48:20] One business – Consumer electronics.

[49:00] One country – US or Canada.

[49:35] One book – How to Win Friends and Influence People by Dale Carnegie.

[50:40] One tool – Basecamp.

 

Listener Question:

[52:10] Would Andrew recommend opening a bank account in Singapore?

[53:05] Andrew does not like HSBC.

[53:50] Opening a bank in Hong Kong is difficult.

[56:20] Western countries will put even more pressure on foreign banks to tighten up their polices.

[57:55] Andrew does recommend Singapore, but hurry before their policies change.

 

Mentioned In This Episode:

http://nomadcapitalist.com/2013/12/15/top-5-best-countries-host-website-data-privacy/

https://www.cloudflare.com/

https://www.maxcdn.com/

http://wpcurve.com/

http://www.vital-it.ch/

http://www.intouch-quality.com/

How to Win Friends and Influence People by Dale Carnegie

http://nomadcapitalist.com/shop/lp-offer-best-offshore-banks

 

 

Sep 2, 2015

What would the world look like for US citizens living abroad if Bernie Sanders is elected President? Andrew cites an article he read in Forbes on some of the tax damages US citizens might face and other consequences to their income if Bernie were to be elected. Andrew also let's the audience know that he will be selecting 5 people to help them develop a bulletproof action plan to better secure their financial future and plant multiple flags.

 

Ben Wolford is a freelance journalist and the Founder of Latterly, a digital magazine for international journalism. Ben Wolford talks on working as a freelance journalist in New York City, why he and his wife moved to Dominican Republic, and some of the challenges they've faced along the way.

 

Key Takeaways:

Andrew's Editorial:

[4:00] It's possible every tax break for expats may go away when a new President in 2017 comes into power.

[5:10] What's the tax risk if Bernie Sanders wins?

[14:05] What happens if you make half a million a year? What does that mean for your taxes?

[19:20] Andrew believes the US is going to remain in bad shape.

[20:05] Bernie Sanders wants to tax your entire income for social security.
[24:45] Andrew will be selecting 5 podcast listeners and helping them develop a bulletproof action plan. Please email Andrew (at) NomadCapitalist.com for more info.

 

Interview:

[26:55] Andrew introduces Ben Wolford

[27:20] Ben shares his story.

[30:10] When was Ben and his wife's 'ah-ha' moment?

[34:15] How has living abroad helped Ben's business?

[37:55] If Ben was in the US, he would not have an opportunity to start his business.

[39:45] What kind of flags has Ben been planting?

[41:30] Tax preparations for freelancers overseas is not easy.

[43:20] What kind of challenges has Ben and his wife faced?

 

The Lighting Round:

[46:25] One business – Food truck.

[47:00] One country – Italy

[47:22] One book – Homelands by Stephan Faris

[48:10] One tool – Google Docs

 

Listener Question:

[49:45] Nomad Capitalist doesn't want you to hide money or do things illegally.

[50:15] What does Andrew think about the South American citizenship programs?

[52:05] Be careful who you trust.

[55:05] Where can you get a passport in six months?

[56:15] Getting a high-end hook up is not going to help you.

[57:45] If you're a US citizen and have some wealth, Andrew can help you.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

Andrew (at) NomadCapitalist.com

http://www.forbes.com/sites/peterjreilly/2015/08/30/tax-planning-for-the-risk-of-a-bernie-sanders-win/

https://turbotax.intuit.com/

http://nomadcapitalist.com/2015/07/27/the-fastest-countries-in-the-world-to-become-a-citizen/

 

 

Aug 27, 2015

What does it really mean to be offshore and how much money are you losing by not going offshore? Andrew does the math for you and offers three tax scenarios for someone looking to save on their taxes legally. Remember, Andrew is not a lawyer or an accountant, so be sure to seek legal advise for your specific scenario over at http://nomadcapitalist.com/.

 

Chef Tim Tibbitts decided to open a fine dinning restaurant in the Bahamas, the first of its kind the island had ever seen. Tim talks on what that experience was like and if it's easier to open a restaurant business overseas compared to in Canada, where he's from. Tim also talks on the experience of getting his wife residency and touches on whether the Bahamas is 'too bureaucratic' on today's episode.

 

Key Takeaways:

Andrew's Editorial:

[2:00] What does it mean to be offshore?

[4:05] How much money are you losing by not going offshore?

[6:50] Andrew does the numbers for you.

[11:30] Remember, Andrew is not a lawyer.

[14:20] Not a US person and still want to leave your home country?

[17:40] Ireland's tax code is 40% over 34,000 euros.

[19:20] Don't want to leave the US, but still want to reduce your taxes?

[19:59] Andrew does a recap of the three tax scenarios.

[22:00] You can save a ton of money on taxes if you're willing to change your lifestyle a bit.

 

Interview:

[23:40] Andrew introduces Chef Tim Tibbitts.

[24:10] Why did Tim go from Canada to the Bahamas to open a fine dinning restaurant?

[26:15] Is it easier stepping up a restaurant business offshore?

[34:25] Does Tim recommend the Bahamas?

[36:30] Tim does a price comparison between the Bahamas and Canada.

[38:55] It's difficult for foreigners to come and have children in the Bahamas.

[40:25] What was the process for setting up Tim's wife's residency?

[42:30] Is the Bahamas bureaucratic?

 

The Lighting Round:

[45:40] One business Gourmet burger shop and/or wine store.

[46:15] One country Bahamas.

[46:45] One book - Don't Stop The Carnival by Herman Wouk

[47:45] One tool Prime Cost Wizard by RestaurantOwner.com

 

Listener Question:

[50:05] Can I exchange passports with someone else for money?

[53:15] Unfortunately the answer is no.

[54:45] Wouldn't it be great to exchange passports, though?

 

Mentioned In This Episode:

http://nomadcapitalist.com/

http://www.timtibbitts.com/

Don't Stop The Carnival by Herman Wouk

http://www.restaurantowner.com/

http://www.restaurantowner.com/public/department64.cfm

 

 

Aug 22, 2015

Andrew received a listener question that inspired him to write a Nomad Capitalist blog post. If you renounce your US citizenship, can you return to visit friends and family? The answer may surprise you. Andrew recommends that you understand the risks and whether or not they apply to you before making that decision. There are very few countries that have visa-free access to the United States and if you're planning to travel there regularly with a US passport, be prepared to experience some hassles.

 

Kisha Mays is the Founder of Just Fearless, a company that helps entrepreneurs build both national and global businesses. Kisha is also the author of From Failure to Fearless, which can be bought on Amazon. We find out how she got the entrepreneurial bug, why she decided to travel, and some tips on running a successful international business.

 

Key Takeaways:

Andrew's Editorial:

[2:15] Currencies are currently dropping.

[4:55] Purchasing property in countries where currencies are low can be very valuable.

[5:50] Email Andrew and let him know what you need help with.

[8:40] Please feel free to give Andrew feedback.

 

Interview:

[10:00] Andrew introduces Kisha Mays

[11:25] Why did Kisha decide to become an entrepreneur? 

[15:00] How did Kisha get into traveling with her business?

[18:20] Kisha talks why she went to Spain.

[20:35] How has Kisha diversified her business?

[21:25] What has Kisha's experience been with setting up her company in Hong Kong?

[22:50] Kisha recommends incorporating your company overseas and then operating in the US, if you want to.

[25:20] What kind of challenges has Kisha faced by having an international business?

[26:15] Kisha had a hard time starting her business in Thailand.

[27:30] What has made having an international business all worth while on a personal level?

 

The Lighting Round:

[30:20] One business – Tourist business.

[30:40] One country – Spain.

[31:10] One book – From Failure to Fearless by Kisha Mays

[31:35] One tool – Basecamp or Trello

 

Listener Question:

[33:15] If I renounce my US citizen, can I visit my family?

[35:40] There are 40 countries that let you go into the United States visa-free.

[37:55] What happens if you renounce your original citizenship once you have your second passport?

[39:50] The United States -might- grant visa-free access to 7-8 new countries.

[41:00] Understand if you renounce your US citizenships, you'll have the same visa restrictions as everyone else.

[42:30] There's no guarantee you can visit family or friends if you renounce your citizenship.

[44:00] Know the risks and understand if they matter to you or not.

[44:30] Feel free to contact us and let us know your story.

 

Mentioned In This Episode:

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

Aug 12, 2015

The war on cash is trickling outside of the Western world and affecting places like the Caribbean, South American, and Asia. It is becoming more difficult to do a wire transfer from the United States to another country despite the money already being reported. If you own a significant amount of cash, then you should deeply consider moving it offshore to not one, but several different bank accounts overseas.

 

Kevin Chen is the co-founder of italki.com, an online language learning service where you can discover language teachers from all over the world. Andrew believes learning a new language could be an excellent step towards your flag planting strategy and talks to Kevin about doing business in Hong Kong and Shanghai.

 

Key Takeaways:

 

Andrew's Editorial:

[2:25] Do you love New York City? Well, you'd like Macao much better.

[2:45] Singapore has tighten the amount of cash you can bring in and out of the country.

[3:20] Andrew doesn't recommend putting your money in a briefcase and carrying it into a new country. It can be confiscated from you.  

[3:50] You could take roughly $30,000 Sing in and out of Singapore without it being taxed.

[5:05] The rules have now been changed to $20,000 Sing in cash.

[6:20] Carrying gold, cash, and other assets into Singapore is now not that attractive.

[6:25] Hong Kong and Switzerland have not changed their policies on cash.

[7:45] Accepting cash in the western world is very, very difficult.

 

[10:00] Hong Kong does not have a war on cash. 

[11:20] How do you get the money in/out of Hong Kong?

[14:35] Moving your money offshore and not keeping it in the US is what you should be doing.

[14:55] How do you move your money offshore?

[15:40] Wiring money, even reported money, is getting harder.

[15:50] Find a smaller boutique bank that's friendlier to other countries.

[16:45] Caribbean banks are having trouble getting money out.

[19:20] You need more than one offshore bank. Do not rely on just one bank account.

 

Interview:

[21:40] Learning a new language will help with your flag planting strategy.

[22:30] What was Kevin Chen's journey?

[25:10] Kevin believes there isn't a lot of personal freedom in the finance industry.

[26:30] What was Kevin's big 'ah-ha' moment?

[28:00] Why Shanghai?

[30:30] Chinese versus Filipino talent, is it better or worse?

[31:50] Why is Kevin's business based in Hong Kong when he lives in Shanghai?

[33:30] How could someone diversify in China?

[34:30] The cost of doing international business in China is raising.

[37:00] There is an entrepreneurial spirit in China.

[38:30] What's it like living in China?

 

The Lighting Round:

[39:25] One business – Connecting people to the Chinese world.

[40:15] One country – Taiwan.

[40:45] One book – Getting Things Done by David Allen

[41:20] One tool – Google apps. Gmail, Google docs, etc.

 

Listener Question:

[45:10] How do you get a second passport if you're born in a foreign country like Pakistan?

[46:15] Many second passport programs were developed specifically for foreigners and do not necessarily target just the US market.

[46:40] As long as you're not a criminal or a terrorist, you can get a second passport without a problem.

[47:20] Countries in Latin America are very open for second residency.

[48:45] Where you're born doesn't matter. What matters is where you live and your nationality.

[51:50] Europe will be an easier country to diversify in for someone of Middle Eastern descent than the Americas.

[53:15] Andrew would love to hear your stories. Feel free to email him.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

The Best Offshore Banks Guide by Nomad Capitalist

https://www.italki.com/

Getting Things Done by David Allen

Aug 5, 2015

Singapore may seem like a great place to relocate to, but Andrew reminds the audience that it's not a tax haven. It's expensive to start a business in Singapore, especially when there are so many other options available. However, Singapore is an excellent wealth haven and a place to diversify your assets. Andrew does a comparison between Singapore/Malaysia and Singapore/Hong Kong.

 

Carol Merchasin makes her living off rental properties in Mexico and talks to Andrew about her journey from New York city to San Miguel, Mexico. Carol is the author of This is Mexico and she talks about some of the reasons why she moved to Mexico, the challenges, and much more on today's episode.

 

Key Takeaways:

Andrew's Editorial:

[2:00] Malaysia is a great country to live in.

[3:00] Andrew does a Singapore versus Malaysia comparison.

[8:20] What's the difference between Singapore and Hong Kong?

[9:35] Hong Kong is not as diverse as Singapore.

[10:50] If you're running a company in Singapore, expect to pay Singapore taxes.

[12:40] You need Singapore citizens to work for your company in Singapore.

[13:45] It's not recommended to start a company in Singapore unless you live there.

[15:15] Singapore is not a low tax country, but it is a wealth haven.

[19:00] It's not cheap to do business in Singapore.

[22:00] Feel free to contact us to get help setting up your offshore company.

 

Interview:

[23:55] How did Carol become an entrepreneur?

[26:15] Why did Carol start a business in Mexico?

[31:00] It's incredibly important to have the right lawyers, accountants, etc to make sure you're compliant with both US and Mexican law.

[33:10] It took seven trips to the IRS-equivalent offices before Carol could pay her taxes in Mexico.

[35:55] Why can't Carol do what she does in the United States?

[37:40] There's a huge expat community in San Miguel and there's a lot going on.

[38:10] What other challenges did Carol face by moving to Mexico?

[40:20] If Mexico is so great, why are Mexicans moving to the US?

[42:00] Mexicans are incredibly generous and family focused.

 

The Lighting Round:

[43:45] One business – Selling cheap food to the locals that they can then sell to foreigners.

[44:30] One country – Mexico.

[45:05] One book – Distant Neighbors by Alan Riding

[46:05] One tool – Facetime/Skype

[47:00] Carol would become a Mexican citizen.

[48:20] Mexico is based off of personal relationships.

 

Listener Question:

[50:30] We love answering your questions, please feel free to send them in.

[51:00] Can you get German citizenship through your German grandparents?

[52:45] Most countries consider your parents and not grandparents for citizenship by descent.

 

Mentioned In This Episode:

http://nomadcapitalist.com/2015/05/05/hong-kong-and-singapore-010/

This is Mexico by Carol Merchasin

We Aren't the World by Ethan Watters

Distant Neighbors by Alan Riding. 

Jul 29, 2015

The world is changing and it's changing fast. Do you have a backup plan for the growing entrepreneur economy? People from places like India are being forced to become entrepreneurs and are willing to work for low hourly fees. How can you keep up? Andrew announces his members-only workshop on how to grow an online business, build capital, and secure your future. Feel free to contact him for more information on the event.

 

Vincenzo Villamena runs an online tax business out of Colombia. He believes Colombia is the new nomad city in Latin America. He talks on how he made the switch from corporate life to moving to a completely different country. Medellin has become an excellent and safe city to live in and Vincenzo had no problem acquiring a visa within the first few weeks of living there.

 

Key Takeaways:

Andrew's Editorial:

[3:05] Before you go offshore, you need to have some sort of wealth or income.

[4:55] If you do not make a change to your income now, you will be thrown off the boat.

[7:00] In Taylor Pearson's book, The End of Jobs, Taylor says entrepreneurship is becoming the new normal.

[9:35] Andrew's mistake was not leaving the United States sooner when he had an established income.

[12:00] Do you have a plan when you aren't able to run your location-based business anymore?

[13:25] People in places like India are forced to become entrepreneurs.

[15:35] Don't listen to the politicians who say they can bring back 'more American jobs'. It's not possible.

[17:10] There will be a small members-only workshop hosted in Kuala Lumpur on Aug 27th..

[18:25] At the workshop, Andrew will teach you how to grow an online business.

[19:50] Email Andrew (at) NomadCapitalist.com for more info on the workshop.

[20:55] Not sure how to start? This workshop is for you.

[21:30] The ultimate safe heaven is knowing you're in control of your destiny.

 

Interview:

[23:00] Why did Vincenzo decide to become a tax entrepreneur?

[24:30] Vincenzo is glad he got the hands-on experience at a corporate company.

[26:20] Would working in the corporate world help your business?

[27:55] How did Vincenzo go from New York to starting his business in Colombia?

[33:00] Medellin is the new nomad city in Latin America.

[35:00] How is Vincenzo diversifying his business?

[38:00] Vincenzo was able to get his visa in a couple of weeks.

[40:55] There's Uber in Colombia.

 

The Lighting Round:

[42:30] One business – Something service-oriented targeting the expat community.

[43:05] One country – Italy.

[43:55] One book – The Four Hour Workweek by Tim Ferriss

[44:55] One tool – Solve360 and Asana

 

Listener Question:

[47:05] Rodrigo has a lawyer problem in Panama, what should he do?

[48:30] Lawyers can be slow to respond, especially in Latin America.

[49:55] Tips for finding a good lawyer in Latin America? Nomad Capitalist vets a lot of their lawyers. Contact Andrew or his team.

[51:35] Be patient. The government will be slow.

[51:55] Get help before you get started.

 

Mentioned In This Episode:

http://nomadcapitalist.com/

The End of Jobs - Taylor Pearson

https://onlinetaxman.com/

http://nomadcapitalist.com/2015/05/06/episode-006-offshoring-your-life-while-obtaining-a-mobile-but-rooted-lifestyle-with-gregory-v-diehl/

The Four Hour Workweek by Tim Ferriss

https://solve360.com/

 

https://asana.com/

Jul 15, 2015

Young couples have been asking Andrew about starting a family overseas and what the best options are for them. Andrew has written a comprehensive guide on 29 countries that will give citizenship by birth. He also talks on why having children in a foreign hospital will not only be cheaper, but the medical care will be just as good or better than what you will receive in the US. Michael Cobb is a successful business man and a global entrepreneur. He talks to Andrew on why he loves living in Nicaragua and why he believes Belize is a great option for offshore strategies.

 

Key Takeaways:

Andrew’s Editorial:

[2:00] How can we give our children the best opportunities?

[4:55] Have additional citizenships to pass on to your children.

[7:45] Medical tourism is a valid option and it can save you thousands of dollars. 

[9:15] Why not have a baby overseas? Get great care for your child and save on medical bills.

[11:45] There are 30 countries that give citizenships by birth.

[15:40] It's possible to give 2-3-4 citizenships to your children.

[18:10] The Norman Guide to Foreign Real Estate is coming out this Friday.

 

Interview:

[21:15] How did Mike Cobb become a global entrepreneur?

[27:35] Is Belize a good option for investing and living?

[32:30] The quality of life in Nicaragua far exceeds the quality of life in the US.

[34:25] The things that cost more in Latin America are electronics, cars, and imported goods.

[35:40] How do you get your partner to move to a foreign country with you?

[37:30] Countries like Panama, Costa Rica, and Nicaragua are only two hours away from Miami.

[39:05] Mike recommends an English language jurisdiction for offshore accounts.

[44:25] Having a good mindset is key when traveling around the world.

 

Listener Question:

[45:45] Is Georgia a good place to be a resident?

[46:45] Georgia has made residency easy. You can spend 360 days in the country visa free.

[49:00] Andrew recommends Malaysia and Georgia as great places to be a resident.

[50:00] Georgia passport isn't great right now, but having a residency there is a good thing.

 

Mentioned In This Episode:

http://nomadcapitalist.com

http://nomadcapitalist.com/2014/10/10/birth-tourism-countries-that-give-citizenship-by-birth/

http://www.ecidevelopment.com

Jul 8, 2015

There are two types of asset classes that are exempt from the IRS - precious metals and foreign real estate. There are great foreign real estate opportunities all across South America, Europe, and Asia where you can keep your life away from prying eyes. What makes foreign real estate so appealing is the ability to defer your capital gains tax as well as have a passive income.

 

Jeremy Levine, owner of La Escuela del Sol, talks Costa Rica and certain challenges with the locals. Costa Rica is an excellent place to live, but foreigners may find the laid back Costa Rican lifestyle challenging when it's time to get things done.

 

Key Takeaways:

 

Andrew’s Editorial:

[1:40] Let's talk foreign real estate.

[2:10] Look out for the new Nomad Guide on offshore real estate.

[2:40] When people move offshore they're looking for privacy.

[3:20] People also want currency diversification.

[3:45] There are only two types of asset classes that are exempt from reporting to the IRS.

[4:35] You can buy gold at Nomadgold.com.

[5:30] As long as your precious metals aren't stored in a bank, you don't have to report it.

[5:50] You also don't need to report foreign real estate.

[6:20] If you have a rental property, you do have to report the income.

[6:38] In the new Nomad Guide, it will explore 15 countries and the different foreign real estate options.

[6:55] Why should foreign real estate be of interest to you? 
[8:25] It doesn't matter how low the taxes are when you're from a country that taxes worldwide income.

[11:18] US citizens have to pay taxes on their income no matter where they live.

[12:55] You can do a 1031 exchange on foreign real estate.

[14:10] Andrew believes there are some big problems in US real estate.

[15:10] Yields in Panama City can be as high as 10%.

[17:05] The Nomad Guide on foreign real estate will be out next week.

[17:20] Foreign real estate is an excellent way to have property kept from prying eyes, have passive income, and defer your capital gains tax.

[18:10] The jurisdiction you live in and the jurisdiction you're a citizen of is what you should consider. 

[19:00] Many of the tax breaks you have at home are also applicable overseas.

[20:10] Lots of great real estate opportunities in Belize and further down south, Central and Eastern Europe, and some places in Asia.

 

Interview:

[22:30] Why did Jeremy move to Costa Rica?

[27:35] How did La Escuela Del Sol get started?

[29:40] How do you market fire dancing classes?

[32:25] Having good accountants is key to making sure you stay legal with the US and the country you live in.

[33:20] You get a $90,000 foreign income tax exclusion.

[34:10] You have 90 days to visit Costa Rica on a tourist visa.

[35:35] Jeremy had a friend who over stayed on his tourist visa and is now banned from the country.

[39:10] What kind of challenges is Jeremy currently facing?

[41:35] Follow your bliss. If you can work from anywhere, then why not work on a beach?

 

The Lightning Round:

[43:05] One business – Jeremy loves what he's currently doing.

[43:45] One country – Costa Rica.

[43:55] One book – Jeremy can't remember the name of the book.

[44:20] One tool – Microsoft Excel.

 

Listener Question:

[46:44] Alex asks about unreported offshore bank accounts.

[49:35] Remember, Andrew is not a tax professional.

[49:48] If you have unreported accounts, you need to get it in compliance. Talk to a tax lawyer.

[51:00] Ignorance to the law is no defense.

 

Mentioned In This Episode:

www.nomadgold.com/

http://nomadcapitalist.com

http://www.laescueladelsol.com/

Jul 2, 2015

There are so many new service based business ideas that will produce quick and easy revenue in the emerging markets of Southeast Asia. If you are considering starting your own business you need the advice of someone who looks at personalized, unbiased opportunities and can offer insight to the business and residency requirements in these markets. And if you are looking for tax exempt opportunities, Puerto Rico may not be your best option due to its controlling entity, the U.S. Government. Guest David Feldsott, talks of networking in Colombia and how his competitors aren’t the big travel companies.  

 

Key Takeaways:

 

Andrews Editorial:

[1:46] Mastermind event in July

[3:08] Upcoming E-Commerce boom in Asia 

[3:30] Add value to the local market to really be successful

[5:34] There is a wide gap in serving local markets

[7:50] Emerging economies are looking for ease of service

[10:41] It’s a bad idea to try and start a new business in the U.S.

[11:30] Reduce your business tax through Labuan 

[12:06] How do you bring in quick and easy revenue

[13:40] Target niche ecommerce opportunities

[13:50] Uber, a logistical fix for inefficiencies

[16:05] Western leaning locals with cash

[16:45] The Nomad Society is developing businesses

[17:27] 3 day workshop for 10 people to help build your online business

 

Interview:

[22:26] No low cost air carriers in Latin America

[23:25] From DC but I wanted to be an entrepreneur

[24:38] I put money away for travel and to start my business

[25:49] Relationship based business in Latin America

[26:46] Responsive Service requires a 5x’s the upcharge

[28:06] Colombia is central to the America’s and has a tech community

[31:06] Integrating Airlines in the future

[32:52] My competitors are not the companies you would think

[34:45] Legally incorporated in the United States

[36:30] Tech startup money still comes out of the U.S.

[37:56] A big fish in a little pond in Colombia

[40:31] I’m really not a pickup artist! 

[40:56] FB and Meetup groups helped me find people 

[41:52] The Nomad Society loves Medellin. Private members have an event in November 

 

The Lightning Round: 

[42:22] One business - Apartment Rental Service

[43:05] One country - Australia 

[43:40] One book - Never Eat Alone, The Hard Thing About Hard Things

[44:25] One tool - Rescue Time

 

Listener Question:

[46:40] Mannie wants to know Andrew’s thoughts on moving to Puerto Rico for tax advantages.

[46:58] For Peter Schiff it may be a good option. For average people, Andrew doesn’t like it. 

[48:55] Moving to Puerto Rico is not cheap

[50:00] The U.S. maintains control over Puerto Rico

[51:33] 183 days a year is the “stay” requirement

[52:44] Foreign Earned Income Exclusion outside of the US

[53:35] It may be a stepping stone but not a final solution

 

Mentions:

Forget China, There’s An E-Commerce Gold Rush in South East Asia

Uber

Nomad Capitalist

PanTrek

Meet Up

Never Eat Alone - Keith Ferrazzi

The Hard Thing About Hard Things - Ben Horowitz

RescueTime

Jun 24, 2015

If you value your wealth and freedom that a Western country affords be cautious of cheap and possibly illegal online offers of residencies and citizenships. There are legal ways to pay fewer taxes. If you have a business or are thinking about starting one, you are going to need solid planning and tax advice to ensure you are not wasting your money by paying taxes that are not required of you. In fact, in July plan to visit the Nomad Society’s private event or in August Andrew Henderson will be personally assisting offshore first timers, both in SE Asia. Visit Nomad Capitalist to find out more. If you are an expat don’t forget FBAR’s are due at the end of June.

 

Key Takeaways:

Andrew’s Editorial:

[2:05] How to pay taxes as a digital nomad

[3:38] 3 different types of tax systems

[4:46] Citizen based taxation - U.S. & Eritrea

[9:12] Residential based taxation - Most developed nations

[14:04] Territorial taxation - Emerging countries

[17:04] Reduce taxes and stay where you are at

[18:20] How do perpetual travelers pay tax?

 

Interview:

[22:20] Following in the family footsteps

[23:12] Existing money may decrease your drive

[24:20] It’s so expensive to live in New York

[25:53] No holidays working in social media businesses

[26:42] Automating your business allows for personal downtime

[27:43] When Erica landed in India

[29:12] Mumbai welcomes you if you just jump in

[30:52] English as a first language helps economically

[33:13] Kickbacks are commonplace when it comes to paperwork

[34:14] Get a local accountant and one in your home country

[36:49] Perfectly legal tax options if you live overseas

[37:32] Being based in India gives Erica street cred with international customers

[39:12] Being a foreigner has helped with local clients also

[40:47] Customer service challenges are typical

[42:13] Nomadic companionships

 

The Lightning Round:

[43:40] One business - Apartment brokering service

[44:32] One country - India

[44:52] One book - Meditation books

[45:46] One tool - Evernote

 

Listener Question:

[49:14] Ahmed asks “Why is it that the second passport process that you speak of is so much more expensive than what I see elsewhere online?”

[49:28] Blackmarket second passports, Graymarket second passports and other scams

 

Mentions:

NomadCapitalist

 

EricaTaylorPR

Jun 17, 2015

Citizens of the world do not be afraid to jump outside of your home country. It’s as simple as buying a plane ticket and landing in a country with freedoms you didn’t expect to be available to you. It is a waste of your time to let other people’s politics consume you. Being a nomad is freedom, lack of expected regulations and 100% legal. Some may not understand the whats, whys and hows of what you are about to accomplish but they will soon see the benefits. You will feel confident in knowing that you are keeping more of your own money. And when a country or aspect of living no longer meets your needs you can simply move on. It’s a financial, not an emotional decision.

 

Key Takeaways:

Andrew’s Editorial:

[2:11] How to divorce yourself from your existing situation

[4:52] Your mindset must agree with your Internationalization

[5:54] Political systems are built on tax money bricks

[10:23] I pay attention so I can be the expert and you can forget about it

[10:50] We are not low information citizens

[11:46] The new book on foreign real estate

[12:17] Budapest, Hungary

[14:18] Break free and make qualified decisions with your money

[15:40] Diversify your life, not just your money

[16:28] Not everyone understands flag theory or location independent businesses

[17:40] By all means learn an additional language

[20:18] Let Andrew’s team do the dirty work and find the right safe havens

 

Interview:

[23:49] George questions the traditional path after reading a book

[25:11] An offer I couldn’t refuse led me to Vietnam

[26:25] We need to kill the college message

[27:25] The big a-ha moment

[28:37] It’s not really a financial risk to go to a new country

[29:46] Digital nomads can pick up and move when they get bored

[30:53] We live in a time of freedom and opportunity

[31:24] The people give Vietnam it’s allure

[33:13] You may not know what freedoms you are missing

[36:44] Southeast Asia has a low cost of living which was great for my new business

[38:00] New laws on collecting VAT

[38:58] Frustrations of life in a developing country

[42:30] So few tourists learn Vietnamese

[44:04] Western guys with local girls and not the other way around

 

The Lightning Round:

[45:01] One business - Software

[45:33] One country - Western Europe

[46:00] One book - The Education of Millionaires 

[46:41] One tool - A pen and paper

 

Listener Question:

[49:12] You always talk about European citizenship options for ancestry, why not Asia?

[49:46] Two ways to get citizenship 1.) By the soil

[51:17] We have been trained to identify people's birthplace by physical features

[52:20] Citizenship by descent

 

Mentions:

Nomadcapitalist.com

Headstock Software

FourHourWorkweek

TheEducationofMillionaires- Michael Ellsberg

Jun 3, 2015

You are faced with the huge task of saving for your future. Retirement plan options and mutual fund names are thrown around like mayflies and you are supposed to catch the best one out of the air. The restrictions put on these accounts are not for your benefit and you don’t have access to your cash. Andrew’s team can sift through the muck for you and help you to go where you are treated best. In the interview, Brendan finds friendlier people in Chiang Mai but he may still end up back in Australia. Finally in your questions, Marlo’s primary concerns related to  moving overseas are social security and healthcare. Currently in his 60’s, will he be able to get over the stigma that tv has taught him about offshore living and investing?

 

Key Takeaways:

Andrews Editorial:

[2:30] A plethora of retirement plans

[3:48] Is your money growing the way that it should be?

[4:49] Andrew is a true nomad

[6:11] Don’t let the match lure you in

[7:20] The offshore IRA

[7:48] Have access to your cash

[8:29] The government can change the rules when it suits them

[9:54] Territory restrictions can be costing you a fortune

[12:00] Quit funding your IRA

[13:00] Countries are broke it’s open season on your investment account

[14:45] The double penny example

 

Interview:

[17:39] The Didgeridoo Dojo

[20:10] There isn’t physical access to lessons

[21:25] Brendan’s backstory

[23:10] We went from services business to a product business

[24:02] Forum based marketing and SEO

[26:20] No A-ha moment led to Thailand

[28:20] Why Chiang Mai? Dynamite Circle

[30:00] The comfort of home

[31:40] The key is being outside of your home country

[32:20] The merchant bank situation

[33:16] The bank deposit tax

[34:30] Citi has the worst customer service

[35:01] Growing the business in Thailand has been easier than I thought

[36:45] Less tech savvy people make better clients

[38:51] Drop ship competition friction in Thailand

[42:40] Signing bigger deals must be done in person

[45:23] People are so friendly and open in Chiang Mai

 

 

The Lightning Round:

[47:40] One business - Catering to the Nomad Scene

[48:22] One country - Australia

[48:35] One book - Living the 80/20 Way

[49:19] One tool - Zendesk & Zapier

 

Listener Question:

[55:22] Marlo asks “We are concerned about Medicare and Social Security but we want to live overseas. What do you recommend?”

[55:50] Health care is not just a senior concern

[57:06] International Medical Tourism can provide quality care

[58:44] Take the whole family to where they are treated best

[59:51] M2H - Malaysia's My second home program

 

Mentions:

BarefootRadio

TheSearchEngineShop

DidgerydooDojo

PredoMediaGroup

DynamiteCircle

Eway

May 27, 2015

Politicians are nuts. They want all of your money, investments and transfers to be trackable. They want to find a way to take what you have. Gold confiscation, De Facto confiscation is a reality and possibly the wave of the future. You must diversify, whether it’s in gold, precious metals or real estate. And Andrew’s advice to a listener question, going to a company’s store is the best way to get a SIM card, just don’t forget your passport.  

 

Key Takeaways:

Andrew’s Editorial:

[1:46] Politicians can decide how the world works

[2:32] Residency in Spain

[4:32] Buying and storing gold offshore

[7:00] Governments are getting smarter

[8:02] A war on cash in Europe

[9:14] Gold, Silver or precious metals

[11:10] De Facto confiscation

[12:36] A fan of Singapore for gold storage

[13:18] Byzantium in the Cayman Islands

[16:30] Asian real estate markets

 

Interview: Expat Dad in Bangkok, Mike Darnell

[20:23] Mike’s journey

[22:16] Can I deal with the worst case scenario?

[23:44] The startup scene in Israel

[26:10] Mike’s big a-ha moment

[27:45] A company brought me to Thailand

[28:42] Social Commerce for entrepreneurs

[30:05] Thailand is a booming economy

[32:00] You need patience to get a Thai corp set up

[36:11] Tips for expat families

[37:10] A hurdle of cross cultural communication

 

The Lightning Round:

[39:16] One business - An Israeli omelette

[39:53] One country - Thailand

[40:13] One book - Thinking Fast and Slow

[40:48] One tool - Base CRM 

 

Listener Question:

[42:52] Wayan wants Andrew’s advice on SIM cards

[44:30] Your passport info just for a SIM card

[45:25] Go to the brick and mortar store

[46:35] A home base and a phone with 2 SIM card slots

 

Mentions:

Airbnb

The Nomad Guide to Offshore Gold

Bullion Star

Byzantium.ky

Vimi.co

Base CRM

May 20, 2015

The entrepreneur lifestyle is more than living in a gated community in a foreign country. Make a conscious decision to be different from the rest and know your top 3 business objectives. Don’t get scammed by doing business with the lowest cost provider in every situation. In this weeks interview, Reid Kirchenbauer shares the story of his strange attraction to finance from a young age and how the university girls in Thailand are attracted to finance majors. And in your questions answered, Darnell wants to know if Andrew has ever been scammed.  

 

Key Takeaways:

Andrew’s Editorial:

[2:02] All Digital Nomads love Budapest 

[5:14] Why you should be banking offshore

[7:14] A crisis investment

[8:03] Free money for diversifying currencies

[9:44] The propaganda of the U.S. media

[10:55] Real Estate for instant value

[13:45] A real Digital Nomad example

[20:38] International property scams

[23:19] Understanding your objectives and goals

 

Interview: Reid Kirchenbauer of InvestAsian.com

[27:37] Reid had a strange fascination with finance

[30:12] Making a conscious decision to be different

[31:10] The A-ha moment - the utility of universities

[34:49] Bangkok is a lifestyle choice

[36:20] $8,000 a year for a high end Thai university 

[37:30] Reid’s offshore business

[41:05] Banking in Thailand

[42:24] Problems with hiring offshore workers

[45:05] Hiring local people is more efficient

[47:15] Investment Residencies in Thailand

[50:37] Reid thinks Chiang Mai is a good investment

[53:08] Finding women who like finance in Thailand

 

The Lightning Round:

[54:00] One business - Importing caviar

[54:34] One country - Mainland China

[55:07] One book - The Next 100 Years

[55:48] One tool - A debit card 

 

Listener Question:

[59:57]   Darnell asks “Have you ever been a victim of scams in the offshore world?”

[1:00:41] Andrew trips but didn’t fall far

[1:01:29] Payments in the Latin world

[1:02:57] The law of abundance mindset

[1:03:48] Don’t go for the lowest cost provider

 

Mentions:

Nomadcapitalist.com

Investasian.com

Elance

odesk

 

 

May 13, 2015

Andrew discusses cut and dry residency programs then in the interview...An internet based business is easier to manage than a traditional brick and mortar shop as Bob Martin found out when trying to run internet cafe’s in the Philippines. He moved his strategy towards e-bay and started selling everything including shampoo. He now sells e-books to entrepreneurs and may need the services of the Nomad Capitalist, possibly the 7 week Boot Camp. 

 

Andrew's Editorial:

[3:34] The Philippines

[7:17] Malaysia

[9:17] Prince Court Medical Center

[10:10] MM2H program

[12:00] Panama

[16:40] Other residency options

[18:30] Dominica

[19:26] European residencies

[21:09] Programs on Nomadcapitalist.com

 

Interview: Bob Martin

[24:05] How Bob got to the Philippines

[25:22] Bob's big a-ha moment

[27:17] The big expat joke

[28:31] Why Davao stood out to Bob

[30:25] Managing a brick and mortar business from 100 miles away

[31:27] Shampoo as a possible overseas business idea?

[35:30] Shipping abroad, abroad

[36:56] E-books to entrepreneurs

[40:15] Does changing environments open up options?

[42:20] The offshore business set up 

[44:08] How the Foreign Earned Income Exemption can help

[45:03] Alleviate problems by learning the local language 

[46:40] The SRRV program - Philippine Situational Visa’s

 

The Lightning Round: 

[48:50] One business - uncertain 

[49:33] One country - Philippines

[50:20] One book - 49 ways to make a living in the Philippines

[51:00] One tool - Feedback 

 

Listener Question:

[54:10] Luis asks “What recommendations do you have on a list of the best non FATCA compliant banks?”

[54:20] Andrew is well versed in what he calls Financial Imperialism at its finest

[1:01:04] Follow Nomad Capitalist offshore strategies. You must block and tackle

[1:02:01] Offshore Boot camp, a 7 week course

 

Mentions:

Best Offshore Banks - Andrew Henderson

NomadGold.com

Liveinthephillipines.com

Paypal

Offshore Bootcamp 

 

May 6, 2015

The process of going offshore and becoming a Digital Nomad is not set in stone. Copying other entrepreneur’s formulas may not be a path to your perfect lifestyle . A meaningful personal relationship is obtainable while you are being 100% above board with your residencies, your monies and your offshore strategies. 

 

Key Takeaways: 

Andrews Editorial:

[2:00] Private Club Member shares a relationship article

[5:05] The personal side of things

[8:21] Travel Tips for Digital Nomads

[11:25] Don’t trap yourself with declarations

[14:17] Don’t fall for the nomad formula

[14:46] Andrew can help you with….

[15:36] Lifestyle Design 2.0

 

The Interview:

[19:00] The tedious and boring parts of the nomad life

[20:43] Gregory’s background

[21:58] Teaching English isn’t a high end service

[23:35] Where is there a need that is not being fulfilled?

[26:59] The guy in control of his life

[27:39] The big A-ha moment

[30:00] People copy digital nomads/entrepreneurs

[32:03] Market Fit

[33:50] Places Greg likes and dislikes

[36:04] If someone’s a jerk they must have a redeeming quality

[36:30] Greg’s offshore strategies

[39:20] International diversification

[41:03] Looking for a mobile, but rooted lifestyle

[42:50] 100% above board as a Digital Nomad

[47:13] Is Spain a good place?

[48:25] Forming a cultural bond with women

 

Lightning Round:

[52:25] One business - Business courses for locals

[53:20] One country - Ecuador

[53:48] One book - Flatland 

[54:44] One tool - Skype

 

Listener Questions:

[57:21] Jackson wants to go clubbing with Andrew

[59:31] Michaela asks about the Comoros Islands

[1:01:15] Residency options that lead to citizenship

[1:03:08] Dominica - Instant citizenship

[1:06:47] Citizenship by Investment in Comoros

 

Mentions:

Nomadcapitalist.com

Four Hour Workweek

MarketFit.net

Flatland Book

Apr 29, 2015

Andrew’s recent trip to the ballet signals him to discuss the importance of knowing which Western countries require you to “Be Naked” or transparent with your income while lawyers in IBC countries can hide behind a “tax free” costume. Lisa Vexler of Family Freedom Project talks about residency requirements in Costa Rica, her 9 year old entrepreneur and how her family used “The Four Hour Workweek” as a guide to finding freedom. 

 

Key Takeaways: 

Andrews Editorial

[4:13] The culture and art of Eastern Europe

[5:45] International Business Companies - IBC’s

[7:59] United States LLC’s

[10:16] Western tax requirements for offshore companies

[13:26] Become a citizen of a country with reporting requirements

[15:16] Tax strategies for Digital Nomads

[17:11] Neil Strauss’s experience

 

The Interview:

[22:00] The story behind the success

[26:03] The Costa Rica a-ha moment

[28:25] Why Tamarindo?

[30:10] Offshore strategies for Costa Rica

[32:16] Finding the expat expert 

[33:30] Costa Rica residency requirements

[36:20] Greatest business success

[37:19] Setting up a physical business in Costa Rica

[39:05] How did moving to Costa Rica strengthen your marriage

[40:24] A 9 year old’s Tico Surf business 

 

Lightning Round 

[41:48] One business - Coworking space

[42:09] One country - Costa Rica

[42:25] One book - Four Hour Workweek

[42:51] One tool - Remote mail reading service

 

Listener Question

[46:34] Doug wants to know “Which credit card has the maximum benefits?”

[48:31] American Express Platinum card pays for itself

[52:38] There’s a war for high end everything 

[53:58] Adopting a sense of abundance

 

Mentions:

Emergency: This Book Will Save Your Life - Neil Strauss

Family Freedom Project

Four Hour Workweek - Tim Ferriss 

Scan Mailboxes Solutions

The Roaring 2000’s - Harry S. Dent

Apr 22, 2015

Andrew explains what should be behind your decisions when choosing a second or third passport. Tim Beiko discusses how he can get you anything you want anywhere in the world, the drive behind his start up Envoyrs.com and the ease of starting his business and nomadic lifestyle in Singapore. And a listener question begets the questions “What are your goals?” and “How do you make it location independent?”

 

Key Takeaways:

 

Andrew’s Editorial 

[3:04] Real diversification through multiple passports

[11:15] Where are you willing to live for your second passport?

[12:40] Where are you from?

[14:16] What is your priority?

[17:46] Andrew’s team can point you in the right direction

 

The Guest Interview:

[25:02] History of Envoyrs.com

[27:25] Drive behind this venture

[28:38] Unsexy businesses

[31:27] Singapore accepted us

[33:12] The tax haven adjacent

[33:40] Envoyrs.com branching out

[35:02] A Singapore Private Limited Company 

[37:00] Formalities can be simple in Singapore

[37:45] International Accomplishments

[40:53] No offshore challenges

[42:03] Personal connections and angles

[43:07] Dating Robotics and long hours

 

The Lightning Round

[46:05] One business - Barber shop

[46:42] One country - Canada

[46:59] One book - Breakthrough Rapid Reading

[47:55} One tool - Expat Facebook Groups

 

Listener Question

[49:29] Madison asks “How do I live your lifestyle?”

[51:20] Andrew’s advice 

 

 

Mentions: 

Envoyrs.com 

Breakthrough Rapid Reading - Peter Kump

Nomadcapitalist.com

Peter Schiff 

Nomadlist.com

Levels.io

 

Motivation Manifesto - Brendan Burchard

Apr 15, 2015

Offshore merchant accounts can be difficult to obtain if you are not in the right jurisdiction. And during the interview, Daryl talks about International banking and how it can be easier when you stay close to the Americas. But when you head towards Asia there is a lot of misinformation about which banks will do business with you. And £10,000 may not sound like much but Daryl travelled for a year and started his successful, six figure PPC/Advertising business with just that. He is planting both business and personal flags. 

 

Key Takeaways:

 

Andrews Editorial

 

[1:43] Offshore merchant accounts

[6:12] The U.S. Government is shutting down banks 

[6:55] Set up your company in the right jurisdiction

[10:04] How dedicated are you to having an offshore company?

[12:05] Everything we talk about here is legal

[14:27] Integration versus paying low tax

 

 

Guest Interview: 

 

[19:05] When Brits travel 

[21:00] Daryl’s entrepreneurial journey

[23:00] Timeline from employee to employer

[23:51] What £10,000 gets you

[25:11] The cheesy A-ha moment

[26:06] Mini Tim Ferriss’s

[27:35] Slow travelling

[28:18] Kuala Lumpur

[29:36] Bangkok

[31:52] A million dollar year

[32:28] Daryl’s strategies for Big Flare

[33:30] Difficulties in International Banking

[35:49] Hiring strategies - Eastern Europe

[38:03] Daryl’s greatest business success

[39:16] Alternatives to Paypal 

[41:30] Personal flag planting - The Dreamgirl

[45:55] I’m a serious person

[46:55] The Lightning Round 

[49:09] Suggested Resources

 

Listener Question

 

[53:19] Michael asks for residency information resources

[54:45] The problems of having a criminal record 

 

 

Mentions: 

 

Bitcoin

Coinbase

Chase Payment Tech

Stripe

Bigflare.com

Four hour work week - Tim Ferriss

Paypal

Asana

Basecamp

Tropical MBA

 

Jamesclear.com

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

Apr 10, 2015

 

It’s no accident that today, April 15th, the Nomad’s choice of first guest on the new show is an international entrepreneur who has successfully cherry picked the best economics out of every country he does business in. He is a border security nightmare as he travels from country to country with monitor and recording equipment in hand. He peers inside the North American culture with an outsiders view and his one pair of jeans. 

 

Key Takeaways:

[0:50] Why April 15th for the new show? 

[3:21] The Nomad’s history and vision for your future 

[10:10] Go where you are treated best

[14:30] Watch out for bad info and fraud

[16:00] What do we do next

[17:45] Beliefs of the Nomad Capitalist

[21:56] The interview

[23:04] About Corey

[24:10] Everybody has a podcast

[25:00] Podfly.net or Podfly.com

[27:38] What’s wrong with Costa Rica

[28:56] Territorial taxation

[29:19] The perfect set-up

[30:02] Why Costa Rica in the first place?

[31:19] The a-ha moment 

[32:18] A strip down and rebuild

[32:26] What changed 

[33:30] The immigrant song

[34:27] The challenge of a man

[35:02] Failing up

[35:49] Breaking free from the system

[36:38] Self actualizing

[37:25] The base strategy

[39:23] I fell into the world 

[39:57] Almost ready for primetime

[40:45] The nitty gritty, wins and losses

[42:08] Immigration process of Costa Rica

[43:00] Cherry picking international economics 

[43:35] Clients want Paypal

[44:11] The last 8 years 

[44:47] The bar to access big wigs

[46:33] My doctor is my friend on Facebook

[48:17] Hyper - awareness of the fish bowl

[49:36] Banking challenges of Latin America

[50:10] Issue’s with border security in the U.S. 

[52:19] A job in radio

[52:58] Hiring American employees

[54:45] The Nomad’s 3 big questions

[57:40] Picking up chicks with your shopping bag

[1:01:20] Your offshore action plan

[1:02:45] Eric sends a popular question 

[1:04:15] Stepping out of the shadows

[1:06:40] The Nomad Guide

[1:09:52] Good, solid advice

[1:10:50] Your life diversified

[1:12:31] What is your story?

 

Mentioned: 

Podfly

Airbnb

Paypal 

Nomadcapitalist.com

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