Andrew is getting ready to leave Montenegro, and has some unique observations about the local market, as well as thoughts about how competitive the market is. When you look at places like Montenegro, it does lack some of the basic comforts of ‘home.’ In fact, there’s no one providing these services, which makes it a prime opportunity to enter a market that does not even have a competitor.
Key Takeaways:
Andrew's Editorial:
[1:50] Let’s talk about competition.
[5:50] The cheapest property that Andrew has purchased in Montenegro has been €33,000.
[9:25] Andrew talks about the first time he purchased property in Georgia.
[12:20] Montenegro doesn’t have a lot of the comforts of ‘home,’ like fresh green smoothies.
[14:50] You can’t always know where the path is going to take you, but that’s part of the journey.
[18:40] Andrew personally wouldn’t even try to be on AirBnB in the U.S.
Interview:
[22:45] Why did Eli decide to become an entrepreneur?
[23:55] What was Eli’s aha moment?
[26:05] Eli wasn’t very good at his corporate jobs, so how was his transition from employee to entrepreneur?
[28:25] Why did Eli choose to live, and run his business, in Israel?
[32:05] As Eli travels often, how has he been able to diversify himself, internationally?
[36:10] Are there any downsides to being based in Israel?
[37:45] There’s a lot of innovation happening in Israel right now.
The Lightning Round:
[41:55] One business – A co-working space.
[42:20] One country – Croatia
[42:45] One book – Vagabonding, by Rolf Potts
[43:20] One tool – ScheduleOnce
Listener Question:
[45:25] Jack, who is not a U.S. citizen, will be moving to the U.S. What kind of offshore account should he open to protect his assets?
[49:15] You don’t need to hide your money!
[52:20] There is no reason to hide or do things illegally with your money.
Mentioned in This Episode:
Email: Andrew@NomadCapitalist.com