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

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

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 

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