The big question everyone is asking is, “What will President Trump do to the tax code?” Andrew doesn’t buy into the big tax hypes because George W. Bush was believed to be a big tax cutter, and he only chopped it by 4%. Will the U.S. be a place where you’ll get treated best, especially on the tax front? It’s too early to tell, so it’s best not to speculate. Work with what you have today, because no one really knows what Trump will or will not do.
Key Takeaways:
Andrew's Editorial:
[1:25] What will President Trump do to the tax code?
[1:50] Does Andrew think the U.S. will be a place you can go, where you’re treated best?
[9:25] Why would you want to leave our great country?
[12:25] Will there be residency-based taxation in the U.S.? Andrew doesn’t think so.
[17:00] Will the U.S. be better under Trump? Maybe, but Andrew doesn’t believe in the hype.
[19:25] If taxes were 10% in the U.S., then yes, pack up your stuff and go home.
[19:55] If Trump does something great, then consider moving back home when he does. But as of today, he hasn’t done anything yet.
[20:20] It doesn’t make sense to start speculating on what Trump might do. Live your life based on today’s rules.
[20:40] Are you a Nomad Capitalist or are you a Patriot?
Interview:
[23:30] Why did Sean become an entrepreneur?
[27:00] Sean has over 7 years worth of content and you can see his transition from clueless financial analyst, to being an expert nomad.
[33:45] Don’t be afraid to experiment.
[36:45] What kind of flags has Sean planted?
[37:55] What’s the best lifestyle that works for Sean?
[40:25] How does Sean manage being with a location-dependent person?
[45:00] What’s Sean’s next step in life?
The Lightning Round:
[48:10] One business – Immigration services.
[49:00] One country – U.S.
[49:30] One book – Influence: How and why People Agree to Things by Robert Cialdini
[50:20] One tool – Focus at Will
Listener Question:
[52:15] What’s Andrew’s favorite economic citizenship program?
[54:50] You shouldn’t spend half of your money on an economic citizenship.
[58:00] If you’re a U.S. citizen, who’s making $1-2 million a year, an economic citizenship may be a good option for you.
Mentioned in This Episode:
Email: Andrew@NomadCapitalist.com
Influence: How and why People Agree to Things by Robert Cialdini