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