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
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
Four Hour Workweek - Tim Ferriss
The Roaring 2000’s - Harry S. Dent
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:
Breakthrough Rapid Reading - Peter Kump
Motivation Manifesto - Brendan Burchard
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:
Four hour work week - Tim Ferriss
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:
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: