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The Nomad Capitalist Audio Experience

Would like to become a global citizen and legally pay less in tax, build a freedom lifestyle, and create wealth faster? Here at Nomad Capitalist, we believe that you should "go where you're treated best". That means using strategies like offshore companies, offshore bank accounts, legal tax reduction, dual citizenship, high-yield international investing, cryptocurrencies, and low-tax living to keep more of your own money and design a life you love. These strategies - when used correctly - are completely legal for Americans, Australians, Brits, and Canadians. Nomad Capitalist works exclusively with six- and seven-figure entrepreneurs and investors who want to become global citizens living the good life.
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Now displaying: Page 45
Apr 5, 2019

How can you reduce your taxes on poker winnings? What are the best offshore strategies for poker players, depending on where you're from?

Jack Sinclair, a professional poker player from London, will give his side of the story and some advice coming from his own, or his colleagues' experience.

Apr 4, 2019

How do you make sure that you are legitimately a Bona Fide resident when qualifying for the US foreign income tax exclusion?

Some of the people who came to us were convinced that it is enough to spend only one day a year in Panama, for example, and all your US tax will go away.

However, it's not that easy, so make sure you understand the tax law and all the other laws that apply to you before going offshore.

Apr 3, 2019

Nowadays, the concept of being location independent, having more flexible working hours and not being tied to one office is becoming more and more appealing, as a lot of people are starting to follow this lifestyle.

Are you one of them? Do you want a nomadic lifestyle and to travel the world while working as a freelancer?

Or you want to have one, two or more bases where you live and work and from there travel to different places for vacation?

The most important thing is to know what YOU want and not just replicate other people's lives.

Everyone's path is different - follow your own.

Apr 2, 2019

Want to go offshore to reduce taxes, build personal freedom, and grow your wealth?

Creating a plan that manages your global business structure, offshore banking, second residence, tax residence, citizenship, and investments is complicated enough in the era of the "Nomad Tax Trap".

However, many people who come to us ask "How do I maintain my offshore structure once it's set up?"

While it's true that some parts of an offshore plan will need to be renewed or kept up to date, a properly created plan won't need constant changes.

Apr 1, 2019

We all love getting something for free, especially when it comes to potentially expensive things like plane tickets.

If you are a digital nomad or perpetual traveler, you probably have tons of airline and credit cards for collecting airline points.

Those cards represent a tie to your home country.

Be aware, if you are trying to make a tax reduction strategy for yourself, maybe you should think about getting rid of those cards, as they are just making the process harder.

Mar 29, 2019

One of the most interesting ways to obtain second passport is through your family and heritage, that is, through citizenship by descent.

And Armenia could be one of the countries with the easiest process of getting this type of citizenship.

You don't have to learn their language nor their constitution - all you have to do is prove that you have Armenian roots by gathering relevant documents, such as birth or baptismal certificate.

Mar 28, 2019

If you’re not familiar with the term, FBAR is the report of foreign bank and financial accounts for all US citizens involved in such actions.

The important thing to keep in mind is that there is only one way to escape this obligation and that is renouncing your US citizenship or your Green Card.

Attention: if you neglect to file this report, you'll be facing some severe penalties.

Mar 27, 2019

Ever since the digital nomad movement has taken off, people started to enjoy this feeling of not knowing where they'll end up next week or month. And that can be possible if your goal is to explore the world and not run a serious business.

However, if you're planning on building something bigger and earning lots of money, you'll soon realize that not having a planned schedule is not so convenient anymore.

We are talking about the new level of digital nomads - successful location independent entrepreneurs.

Mar 26, 2019

There are a lot of rumors regarding US citizens opening offshore bank accounts and if it’s possible at all.

And while it's true that some European banking centers like Switzerland and Lichtenstein closed their doors to the US citizens’ investments, due to FATCA, it is and it’s always been perfectly legal to do business outside of the United States.

In fact, there are a lot of other, maybe unexpected places, where it’s quite easy to open a bank account, even for US citizens, like Hong Kong, Armenia, and Georgia.

All you have to do is to forget about the "historical" offshore havens and get the different mindset

Mar 25, 2019

A phenomenon of "super savers" has become very popular lately, with financial gurus and consultants motivating people not to buy extra, unnecessary things, like Starbucks coffee, in order to save money for the future.

In our opinion, the only reasonable situation to do this is if you're part of the system and you have your stable monthly salary.

However, if you're "your own boss", you probably shouldn't be bothering yourself with these small savings, but try to figure out how you can increase your income or go somewhere where you can save a lot more of your money by not paying high taxes.

So, sacrifice temporarily, in order to grow in the future.

And buy your Starbucks coffee if you really enjoy it.

Mar 22, 2019

What makes the perfect country? Does it even exist?

There are a lot of factors and they are mostly individual and personal, but everyone can agree on some common ones, that make a country "perfect" to live in.

Good standard of living and infrastructure; friendliness of people and friendliness towards business and foreign investments; personal freedom; tax rate...

Maybe it sounds surreal, but those countries DO exist, you just have to find them and go where you're treated best.

Mar 22, 2019

At Nomad Capitalist, we preach to "go where you're treated best".

Beyond legal tax reduction or wealth creation, global citizens should also demand the best from daily interactions.

Being self-aware of the cities you want to live in, the service you expect, how your employees should work, and what you want out of life is important. Many digital nomads and perpetual travelers often ignore this, choosing to believe that ignorance is bliss.

By demanding the best in life, you're more likely to get it... and that's what the Nomad Capitalist lifestyle is all about.

Mar 22, 2019

If you're not satisfied with how you're living, you need to be aware that there is no magic pill to make it disappear.

Living the life you wish for, a different life with more freedom and more money requires action - something HAS to change.

What is more important, no one can do the stuff for you, you'll need to make a decision and find "a place where you're treated best".

Mar 22, 2019

Are you an aspiring Nomad Capitalist or digital nomad who wants to start a high-income business outside of your home country?

Millions of entrepreneurs, solopreneurs, freelancers, and investors have discovered how to create location independent incomes living and working from anywhere in the world.

However, the idea of starting a business outside of your country can be confusing, especially if you are doing that in a completely different country from your own. You may face cultural shocks, misunderstandings and other difficulties.

Mar 22, 2019

It's getting harder and harder to become a dual citizen.

And even though most countries want to attract high-level people that are putting a substantial amount of money on their bank accounts or buying real estate, they are making it harder on a lower level.

In other words, they are tightening their citizenship laws in order to make it difficult to naturalize and get a passport. This is thanks to abuse of the system, but it impacts law-abiding passport seekers, too.

The best time to start working on your second passport strategy is NOW, because the cheapest and easiest options may become unreliable as the trend makes second citizenship harder to get.

Mar 22, 2019

Living the Nomad Capitalist lifestyle isn't always about saving money.

In fact, some products, services, and experiences actually cost MORE when living overseas. While you may pay less for rent, buying real estate, or eating out in another country, other products - especially luxuries - may cost more. You also may not be able to buy all of your familiar products in a new country.

Of course, there will be new products and services you've never seen before as well.

For most people, the life experiences, greater freedom, lower costs overall, and lower taxes that come with living overseas will be more than enough to make up for the things that cost more or just aren't available.

The best part about being a Nomad Capitalist is that you can arrange your life to take advantage of the best of all worlds and get the products and experiences you want and need in each different place.

Mar 22, 2019

A reader wrote in to ask: "Do I need an offshore bank account if I don't have a lot of money"

The answer, as it often is, depends on the circumstance. For many people who want to become Nomad Capitalists, opening an offshore bank account is a first legal step to "dip your toe in" and get started with this lifestyle.

That's because you don't need to relocate or even try hard to open an offshore bank account.

In addition to the mental benefits of banking offshore, you may as well be "future proofing" your life by starting now, even if you don't have many assets.

Jan 18, 2019

Are you familiar with the Kaizen approach? The definition says that it is an approach to creating continuous improvement based on the idea that small, ongoing positive changes can result in major improvements. We say that you should ask yourself: "What do I really want? What is holding me back on this journey of becoming a nomad? How am I going to achieve it?" The truth is, there is no right or wrong way to do it - you can dive right in or you can make small steps every day, every week, every month until you reach your dream.

Jan 25, 2018

The U.S. now has the ability to not only take away your passport but also to refuse to issue you a new one if you owe the IRS over $50,000. They are following in the footsteps of other Western countries like Australia. People who believe hide-and-seek is the way to go when it comes to their tax plan will soon be finding out that it’s going to be harder and harder to do. The reality is, the government will find you, eventually, and as more information sharing plans get put into place, it will be nearly impossible to get away with being shady. Also, don’t miss it! Andrew has a big announcement to make towards the end.

 

Key Takeaways:

 

Andrew’s Editorial:

[3:45] This year’s theme is commitment. What does that look like for Andrew?

[7:55] If we want to be successful with our plans, we have to be committed.

[8:55] Andrew thinks it’s time to settle down. His priorities are changing.

[10:35] The U.S. now has the ability to take your passport and refuse to issue you a new one if you have a tax debt of over $50,000 to the IRS.

[11:10] This means the IRS will be needing to talk to the Secretary of State.

[12:40] Not paying tax and the mentality of ‘they can’t get me’ is going to catch up to certain people.

[14:20] What do these new changes mean for U.S. citizens?

[15:30] The government will find you, eventually. And with information sharing between branches, that reality is becoming truer than ever.

[21:05] If you’re a U.S. citizen and are overseas, your strategy has changed.

[22:35] When it comes to taxes, the playing field has become leveled for all nationalities. You need a home base because the govt. and banks aren’t recognizing ‘floating around’ anymore.

[26:00] There is no room left for error anymore.

[28:40] What is Andrew focused on for this year?

[32:15] Which country will be the next U.S. and which country will take a more aggressive approach on taxes?

[35:55] Andrew believes fewer and fewer nomads will be taking the EU seriously. Andrew personally doesn’t see the appeal of holding an EU residency or citizenship.

[38:45] Andrew has an important announcement to make. You don’t want to miss this!

[49:55] Andrew is 100% committed to doing less this year. Thank you so much for listening!

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Email: Hola@NomadCapitalist.com

Nomad Capitalist on Youtube

 

Dec 29, 2017

The new year is coming! This is the last podcast episode of the year. Andrew has a lot of things in the works right now, but 2018’s theme is going to be ‘commitment.’ Are you committed to going where you’re treated best, paying less in taxes, and living a freedom-based lifestyle? People who get by, by just doing the minimum, are going to have a hard time as new laws and governments get stricter. Be aware! Instead of doing the minimum, get committed and take the long but fulfilling path to freedom.

 

Key Takeaways:

 

Andrew’s Editorial:

[2:50] Nomad Capitalist is growing up.

[4:45] Andrew doesn’t want to keep flying around for the sake of flying around anymore. There are some big changes coming your way.

[6:35] This year’s theme was home. Being a nomad doesn’t have to be about abandoning everything you care about.

[7:40] For U.S. Citizens living abroad, everything about your tax strategy has now been blown up with this new law.

[8:10] The entire game has changed. The answer for a majority of U.S. expats is that it’s no longer good to be a U.S. citizen.

[9:45] You’re not going to be able to get away with just traveling on a whim anymore. It’s coming to the point where you’ll need to prove you actually live somewhere. This applies to not just U.S. citizens.

[10:00] On the positive side, there are more and more countries out there that are developing.

[12:00] The theme for the new year here at Nomad Capitalist is ‘Commitment.’

[12:55] Andrew wants to work with people who are all in. This means entrepreneurs who make 6-7 figures a year.

[14:15] So many people who become a nomad just do the minimum, and it hurts them in the long run.

[19:10] Think about how can you be fully committed to getting a 2nd passport.

 

Interview:

[20:10] Perhaps you don’t need to finish university, after all.

[23:00] Sam’s school wanted him to leave or they’d expel him. His only choice after that was to take an apprenticeship at an office.

[25:35] Why did Sam want to travel the world?

[32:25] Schools don’t teach you how to find a job.

[35:20] The school that kicked Sam out actually did him a huge favor.

[37:55] When Sam left the country, he went to Russia.

[42:40] Why did Sam pick Ho Chi Minh city to live in?

[48:20] What’s next for Sam?

[49:35] What advice does Sam have for those who want to live this lifestyle?

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Email: Hola@NomadCapitalist.com

Nomad Capitalist on Youtube

Up in the Air (2009) - IMDb

Sam on Twitter

Dec 13, 2017

On last week’s episode, Andrew discussed how it will potentially be harder for U.S. citizens overseas to live a tax-free lifestyle based on the new tax plans that have been proposed. With that being said, Americans are not the only people who will have to worry. The EU is also going to become stricter. As we round down for the year, why not make ‘getting a second passport’ a part of your new year's resolutions for 2018? You never know when you’re going to need that plan B.

 

Key Takeaways:

 

Andrew’s Editorial:

[1:35] Lots of uncertainty right now for U.S. citizens living overseas.

[2:40] Andrew just picked up two new residency cards recently. He’ll be trying it out and seeing how it goes.

[4:05] A great new year's resolution for the upcoming year is to get your second citizenship!

[4:35] It’s going to become harder for EU citizens to pack their bags and go.

[5:25] Remember, the rules are getting stricter everywhere, not just the U.S..

[8:00] The new year is the perfect time to come up with your plan B when/if it comes time you are fed up with your home country.

 

Interview:

[13:55] Why did Matt decide to become a nomad?

[17:50] When Matt went to Iceland for the first time. His mind was blown!

[20:35] Why are you addicting to the notifications? Stop it. Go explore the world.

[23:35] When Matt started Under 30 CEO, what did he learn about young CEOs?

[28:15] Matt realized that instead of blowing all his money on New York rent, he could take it and have meaningful experiences throughout the world. His money would last longer, too.

[32:45] Why did Matt decide to run a tour company? How did he get to this next step?

[36:45] Matt has offices in Austin, Texas and central America. Why did he decide to split the company up in this way?

[41:35] Right now, Matt’s company is an LLC in the U.S.. However, he is looking into maybe opening a company in Latin America.

[46:25] How does Matt design his tours? What can his customers expect?

[48:15] What’s the new ‘Iceland’ of the world?

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Email: Hola@NomadCapitalist.com

Nomad Capitalist on Youtube

Under30experiences.com

Under30ceo.com

 

Dec 6, 2017

Andrew discusses how Americans might be affected by Trump’s new tax reform bill. By having an ‘America first policy,’ many American expats might find themselves in trouble. Nothing is set in stone yet, but what the tax bill is proposing should cause any American to become concerned. Andrew explains what you need to know if this bill were to pass ‘as is.’

 

Key Takeaways:

Andrew’s Editorial:

[1:30] Andrew would like to touch on something that’s going to affect American Citizens; actually, it’s going to affect everyone around the world.

[2:15] How will the Trump tax reform impact U.S. expats (and also countries like Ireland, Australia, etc)?

[3:30] Based on what’s being proposed (which may change), you may be forced to pay a lot of tax if you live overseas.

[6:00] Remember, none of this is written in stone as of yet.

[6:10] Foreign income exclusion (what allows you to earn $100K tax-free) might be removed.

[7:00] America first policy is not good for those who want to live abroad.

[10:25] If you’re a high earner, you may have more incentive to abandon that U.S. passport.

[11:40] This year, Andrew has been focused on where he considers ‘home.’

[12:35] Andrew has heard the stories of what happened to Serbia from his friends, who are from there, and their personal counts will make you want to cry.

[14:20] There will always be options, and for so many people, the U.S. is not home.

[15:45] Not wanting to be American is just as much as about identity as it is about money. The way the government acts with its wars and finances, it shows they don’t care about you.

[17:00] Don’t feel defeated, just be prepared that changes will be made.

[19:55] Andrew believes it’s almost criminal that there’s no way you can live overseas without paying the mothership.

 

Interview:

[22:00] From the U.S. to Chile, why did Nathan make the switch?

[23:55] How did Nathan find out about the 6-month startup program Chile was having?

[25:15] Why did Nathan want to leave his home country?

[26:35] Nathan’s business partner always wanted to study to abroad and it seemed like a natural fit for the two of them to go.

[28:00] What did Nathan like about Chile where it made him decide to come back more ‘full-time’?

[31:10] By leaving the country, Nathan was able to find out about some core issues within the team and he was able to fix it so that the business could still function on its own, making it a stronger business.

[34:20] Chile is considerably more expensive than say, Colombia or Ecuador.

[37:55] Why hasn’t Santiago, Chile progressed to a New York, Hong Kong, or Singapore level yet?

[40:25] Nathan discusses how Chile has changed for the better over the years.

[43:25] How do the Chilean people feel about immigration and foreigners coming into the country?

[47:00] What is Nathan’s company about and how does he help his clients?

[53:15] What’s happening in Venezuela is impacting the Chilean economy in a positive way.

[54:50] When it comes to free markets, where does Chile sit? It seems Colombia is faring better in this area.

[57:35] If your goal is to just make money, Nathan believes Asia has much better opportunities.

[59:15] What’s it like to date romantically in a country like Chile?

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Email: Hola@NomadCapitalist.com

Nomad Capitalist on Youtube

Zerohedge.com

NathanLustig.com

MagmaPartners.com

Nathan on LinkedIn

Nathan on Twitter

Crossing Borders Podcast

 

Nov 29, 2017

Andrew received an angry listener letter saying that what Andrew is doing (encouraging people to go where they’re treated best) is wrong. In the email, this person believes people leaving the UK and escaping their tax obligations are putting more burden on good citizens like himself and ruining it for the rest of the people who happily live in the UK. Well, on this week’s introduction, Andrew has a few words for people who think it’s morally wrong to leave and seek a different kind of lifestyle. People have always and will always vote with their feet!

 

Key Takeaways:

 

Andrew’s Editorial:

[1:40] Andrew reads out loud a listener email, who is upset people are leaving the UK! He thinks what Andrew is doing is wrong.

[5:15] Is paying low taxes and traveling the world really so ‘wrong’?

[9:00] Going where you’re treated best is not a unique concept. It’s a natural concept.

[9:55] “I pay my taxes!” Chances are, no, you don’t!

[10:55] If you want to live in a country that has high tax, then you’re more than welcome to do that.

[13:45] Everybody wants YOU to pay taxes (yet they don’t want to pay it themselves), and if you want to live to seek a better life, those same people are going to tell you that you’re wrong.

[16:00] No matter where you’re from, working towards a second passport is never wrong. In fact, it’s a safety measure.

[17:10] You have the right to leave your own country for tax reasons and non-tax reasons.

[18:15] Are you obligated to pay? Should you feel bad about leaving?

[19:45] You wouldn’t pay double the price for office space just because it was the right thing to do. You wouldn’t pay double for anything!

 

Interview:

[24:55] How did it all begin for Danny?

[27:45] How does Danny stay content with his life?

[31:15] Why did Danny decide to leave California?

[35:10] If you want to become an entrepreneur, you really have to put yourself out there. There will be times you fail, but you just have to get back up again.

[40:15] Why does Danny love Jakarta and can’t stand Bali?

[43:40] How does Danny date in a foreign country?

[47:45] What makes Jakarta unique?

[52:00] The taxes in Asia are so low, especially at the airports and they’re incredibly nice to travel in.

[54:50] How do we get our hands on Danny’s book, Dr. Growth?

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Email: Hola@NomadCapitalist.com

Nomad Capitalist on Youtube

Danny-flood.com

Lavalinkonline.com

Publishizer.com/dr-growth

 

Nov 15, 2017

Andrew recently saw an ad in his in-flight magazine for an Australian university. In it, it said, “...To be a business leader, you need an MBA.” As someone who chooses to run his own business, Andrew does not have a university degree. In fact, Andrew is willing to bet that none of his guests that have been on the show even have an MBA. As many of the listeners of this show are well aware, you don’t need an MBA to be a business leader, but this ad was just a further reminder of the kind of ‘status quo’ we nomads are up against.

 

Key Takeaways:

Andrew’s Editorial:

[2:20] Andrew reads an ad he saw on his flight. “...To be a business leader, you need an MBA.”

[5:55] If a university degree is such a big deal, then why are they advertising for it on a cheesy in-flight magazine?

[7:25] Andrew does not have a university degree. He started his business at 19 and it became a multi-million dollar business.

[9:20] How does having an MBA make you a business leader?

[10:55] If you’re an entrepreneur, you’re naturally looking for new angles.

[11:20] Andrew bets that of all the guests who have been on the show, none of them have an MBA.

[12:20] Don’t fall for the status quo where everyone moves out to the suburbs and pays the price in high taxes.

[13:20] No matter what lifestyle you choose, someone, somewhere will have an opinion on it and will try to get on your case about it. Ignore them!

 

Interview:

[16:30] Where did this all start for Lucian?

[19:15] What is Romanian culture like?

[25:15] Although Lucian has a university degree, he believes nowadays with the amount of information available online, you don’t need to follow a 4-5 year curriculum.

[29:35] If you’re going to start a business with someone, do it with someone you’ve at least worked with before.

[37:15] At the end of the day, what really matters is the quality of your life.

[39:00] How does Lucian run his business when he’s traveling the world?

[43:45] When it comes to hiring, employers often look to Asia, but it seems that Romania has much more similar values to Western culture compared to Asian countries.

[49:05] Five years ago, people thought Lucian was weird for working from home. Now, it’s much more accepted.

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Email: Hola@NomadCapitalist.com

Nomad Capitalist on Youtube

Lucian on LinkedIn

 

Nov 8, 2017

Andrew has been receiving questions about how Nomad Capitalist ranked their recent article entitled, “Nomad Quality of Life Index.” The article featured 100 cities and how friendly they are to the Nomad lifestyle. Some of these cities like London and Dubai are lumped in with Lisbon and Malta Island, which to some, doesn’t make sense. Andrew explains the logic behind each of these rankings and how nomads can use this guide to pick and choose their cities based on the kind of mood they’re in.

 

Key Takeaways:

 

Andrew’s Editorial:

[3:00] Andrew and his team recently released the Nomad Quality of Life Index on his website.

[4:15] How did Andrew calculate and rate each of these 100 cities?

[9:55] Why are London and Portugal on the top of the list when they’re such high-tax countries?

[14:40] You always do a ‘pick and match’ kind of lifestyle where you hang out in a high-tax country for a couple of months and then move to a low-tax country.

[15:20] Check out the list of cities on the Nomad Quality of Life Index. It might surprise you!

 

Interview:

[15:50] What kinds of changes is Andrew seeing in the Nomad movement?

[16:45] Why did Daniel leave the UK at 22 years old?

[21:30] After receiving numerous job offers when moving to Singapore and Tokyo, what did that tell Daniel about the job market? How does it compare to the UK?

[25:10] Don’t let yourself talk you out of moving/traveling to another country. You can’t research everything.

[29:40] Companies are having a hard time retaining talent because people realize they can travel, work, and be done with all the extra stress.

[33:15] The 4-hour workweek really inspired Daniel to take action and improve his family’s quality of life.

[37:35] What was it about moving away from Singapore that convinced Daniel’s wife to pack up and change the kid’s schools?

[42:00] Once you move to a new country, the fear of the unknown now becomes exciting.

[45:15] Daniel discusses how he makes the nomad lifestyle work with a family.

 

Mentioned in This Episode:

Nomadcapitalist.com

Email: Andrew@NomadCapitalist.com

Email: Hola@NomadCapitalist.com

Nomad Capitalist on Youtube

Nomad Quality of Life Index

The 4-Hour Workweek, by Timothy Ferriss

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