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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Jan 26, 2017

Andrew continues the Nomad Capitalist’s theme of finding and discovering your ‘home,’ in this week’s introduction. He says if you’re stuck in the same routine every day, you’re never going to get your own questions answered about whether the nomad lifestyle is for you. By doing, by exploring, and by seeing, you’ll find out where home truly feels for you.


Key Takeaways:

Andrew's Editorial:

[2:15] Andrew talks about one of his team members who is trying to get a Mexican citizenship.

[4:00] She feels at home when she’s in Mexico, which is why she’s now going after the citizenship.

[4:50] You answer your own questions whether being a Nomad is right for you when you actually start traveling and trying new things.



[7:20] Nick’s business was born out of necessity.

[8:55] How did Nick meet his wife?

[11:25] What kind of places should Nomads go to visit?

[15:00] Currently, Nick is exploring the idea of how to help companies manage their remote employees.

[17:15] Nick and his wife are looking at a ‘slow travel’ model, where they settle down in their target country, and learn a bit of the language.

[19:00] Do you have to be in a depressing country in order to get any ‘real work’ done?

[21:00] How can nomads connect more effectively with the locals?

[22:45] Traveling is about making deep human connections.

[26:40] How do remote workers affect companies and their policies?

[29:40] Not everybody will want to travel outside of their country, but nearly everyone wants to work from home.

[34:20] Is this model sustainable for non-U.S. citizens?

[37:50] Nick has not tried to bank in any of these nomad countries just yet.

[41:15] Do your homework and plan ahead.

[44:35] Nick shares some stories about what it was like working for the United Nations.


Mentioned in This Episode:


Jan 18, 2017

In Andrew’s introduction, he discusses the true meaning of a nomad. A nomad is someone who goes where they're treated best, but this does not mean that they leave their tax woes behind them. Governments are becoming more and more connected, and are going after nomads who did not get all their tax ducks in a row. Be careful and do things the right, and legal, way!


Key Takeaways:

Andrew's Editorial:

[2:00] Andrew met a guy from Sweden who was paying 58% tax.

[2:40] Some nomads didn't think about their taxes when they went overseas, and now the government is going after them.

[3:40] Nomads should constantly be seeking where they're treated best.

[5:35] Get your tax ducks in a row.



[6:40] When did Aaron's entrepreneurial career start?

[12:20] Aaron didn't want to work 80 hours a week working for someone else.

[16:25] How does Aaron feel about startups beginning from a minimal budget?

[17:30] When you keep delaying a project idea, no matter how 'not ready' it is, you'll begin to lose momentum and interest.

[20:30] Andrew says about 87% of the Nomad Capitalist audience are guys, so he needs to speak to 'guys.'

[22:20] Aaron talks about his business, RoomChecking.

[28:15] Why did Aaron move to Paris?

[31:15] Was it difficult for Aaron to convince his girlfriend to move to Paris with him?

[33:30] Avoid the tourist traps in Paris at all costs. They have awful food there!

[36:30] What have been some of the biggest benefits of moving to Paris?

[41:00] Aaron compares American cultures vs. French culture.

[49:20] The French (Europeans in general) seem to love, love paperwork.

[52:00] The EU has high tax just like the U.S., but at the very least the U.S. makes it easy to pay that tax.

[52:25] Are you looking to move or get a passport from a high tax country? Andrew weighs in.


Mentioned in This Episode:


The Nomad Tax Trap

Jan 11, 2017

There are a lot of coaches out there that claim they’re making 6-figures, but those numbers can lie. In this week’s introduction, Andrew warns others to be bit wary of those ‘gurus’ out there, claiming quick financial success. Anybody can be a coach, so it’s important to find one who is A) a good teacher, and B) someone who will empower you to take action.


Key Takeaways:

Andrew's Editorial:

[2:25] There are a lot of fakes out there.

[3:40] Teaching is one thing, empowering is another thing.

[3:50] Andrew wants to empower you to do better!

[5:10] Who can teach, and who can empower? You need to find someone who can do both.



[6:15] How did Jenna get into web and writing consulting for writers?

[8:15] Jenna has helped people with their writing projects for over 20 years.

[9:00] When did Jenna realize she could make a business out of helping others with their writing?

[10:15] Europe is a lot cheaper than L.A., where Jenna was living at the time.

[11:45] Have a mini nest egg, and then jump into it! She wished she had left her corporate job sooner.

[12:40] How did Jenna save money? She downsized.

[15:30] Jenna wished she had done her own research about Europe as opposed to listening to everyone else tell her how expensive Europe was (it wasn’t).

[19:15] Time is our most valuable asset. Your mental state and your time cannot be replaced.

[21:45] What are some of the benefits of being a solopreneur?

[26:45] The more things you own, the more you’re owned by things.

[27:00] What countries in Europe does Jenna suggest nomads should go to, or check out?

[32:15] Jenna doesn’t miss winters, but she did miss how the seasons changed, which is not something you typically get in California.

[33:55] Will Jenna be exploring Eastern Europe anytime soon?

[35:40] What kind of experiences has Jenna had with renting out her vacant properties on AirBnB?

[41:15] It’s so, so important to have a good network of troubleshooters who can get stuff done while you’re away.


Mentioned in This Episode:


Jan 4, 2017

Andrew is back after the holiday break, and is excited to introduce to you this year’s theme for Nomad Capitalist. We all want purpose in life, but more importantly, we want a place where we can fit in and call that place home. You might be born in a country, and feel like a complete stranger in it. It’s Andrew’s mission for this year to help you find a place where you can kick your feet up and call it home.


Key Takeaways:

Andrew's Editorial:

[1:25] Nomad Capitalist is doing things a bit differently this year.

[2:15] What’s this year’s theme?

[2:55] Last year’s theme was about abundance.

[4:15] What many of Andrew’s clients are looking for is a sense of purpose.

[5:45] There will be talks in the future about the charitable initiatives Nomad Capitalist will be doing.

[6:25] Andrew could have had a bigger impact on various communities, if he had spent his money wisely.

[7:35] How can you use your money in a more optimal way, to create more freedom and purpose for yourself?

[9:00] Fitting in somewhere is so important to us.

[14:45] Home is something that we all want.

[17:35] Let’s get started!



[19:10] Why did Jeannette want to become an entrepreneur?

[20:55] It took Jeannette eight years to officially make the jump.

[23:35] What advice would Jeannette give to someone who’s under 20?

[25:15] What was Jeannette’s job like?

[29:45] As an entrepreneur, everything is on you.

[30:55] What was Jeannette’s aha moment?

[35:35] As Jeannette racks up more mileage, and explores new countries, does the concept of a ‘Walmart’ become more and more foreign?

[41:25] Despite working less hours, the French are the most productive.

[45:25] What kinds of flags has Jeannette been planting?

[48:55] Set up your company early on.

[51:00] Accouting is the number one thing you should focus on in the beginning. It’s not sexy, but it’s a must!

[52:15] Why is Jeannette located in Lisbon right now?

[55:20] What kind of challenges has Jeannette faced?

[1:01:05] What have been some of the positive and negative things Jeannette has found when it comes to dating platforms?

[1:06:15] Which country has Jeannette been to where the locals were the nicest/hottest guys?

[1:09:45] Learn ten phrases wherever you go.

[1:10:55] How do you say ‘Netflix and Chill’ in Swedish?


Mentioned in This Episode:



Dec 21, 2016

As the year comes to an end, Andrew appears for a solo show, to discuss some of the main lessons he’s learned in 2016. In total, he has had four big lessons he’d like to share with his audience today. If you’re like him, and see inspiration everywhere you go, the most important thing you can do is write down your thoughts on a piece of paper, and determine which path makes the most sense for your next year goals and desires.


Key Takeaways:

Andrew's Editorial:

[1:35] There’s no guest today, but Andrew has four important lessons he’s learned throughout 2016, as this year slowly winds down.

[4:50] If you’re someone who has lots of ideas, it’s important to sit down and figure out the agenda for the next year.

[7:30] The dreams and desires that you want today, aren’t going to happen overnight. Start now.

[9:25] There’s just something magical about writing your goals down on a pen and paper, not a computer.

[13:25] Lesson one: This year’s theme was abundance.

[14:45] Andrew is not here to convince you.

[14:55] If you’re happy with one passport, and paying taxes, then perhaps you don’t need Andrew and his services.

[17:30] Andrew is not going to host any more conferences for the public.

[18:55] Andrew wishes he had an abundance mindset earlier on in his entrepreneurial career.

[22:45] Focus on the value that you’ll get for that high-ticket price. Don’t focus on just the expense.

[23:05] Lesson two: Work towards the end principle.

[23:40] When you work backwards, you eliminate the ‘shiny object syndrome’.

[27:20] If you have to, fill the bad stuff with good stuff. If not, the bad stuff will just come back!

[30:25] Lesson three: Trust.

[31:10] How do you know you can trust this merchant/supplier/etc?

[34:40] Andrew is your guinea pig.

[35:35] Andrew realizes that he didn’t want to trust people.

[37:20] Having trust in the right people is the right thing to do. It will save you time!

[38:05] What are you doing in your life that is holding you back from trust?

[39:55] Lesson four: Are you happy?

[43:55] You have to run towards what you want.

[47:15] If you don’t want to chase shiny objects, then don’t listen to someone who only sells shiny objects.


Mentioned in This Episode:



Dec 16, 2016

It seems everyone in the U.S. is worried about fake news, but there is something much more sinister going on, and that’s censored news. Andrew recently experienced this when the Huffington Post decided to feature him in an article, and it subsequently got taken down within hours of it being posted. Yes, it’s unfortunate Andrew got banned for presenting an alternative way of living, but actions like these lead curious people down the wrong, and often unethical, path.


Key Takeaways:

Andrew's Editorial:

[1:40] Let’s talk about the fake news that’s been circulating around lately.

[2:20] We can’t have any fake news…

[4:25] Andrew explains what recently happened to him and his company.

[6:40] Andrew was featured in the Huffington Post … and then they removed the article.

[11:35] Just as fake news is prominent, censored news is too.

[13:05] The lack of good resources and information leads people down sketchy roads.

[13:40] You can find the legal way to do it. You can find the moral way to do it!!!

[18:50] Email Andrew your thoughts!



[22:15] Why did Andrei become an entrepreneur?

[29:00] Andrei talks about the process to get Canadian citizenship.

[32:50] Why is Russia simpler than Canada?

[36:10] What has Andrei been able to achieve in Canada that he couldn’t do in his home country?

[37:40] What challenges has Andrei faced while living in Canada?

[40:05] How did Andrei convince his wife to leave Russia?


The Lightning Round:

[41:50] One business — Uber.

[42:55] One country — NA.

[44:05] One book — Rich Dad Poor Dad, by Robert Kiyosaki.

[44:40] One tool — PhraseExpress.


Listener Question:

[46:40] Which country caused Andrew to have the biggest failure?

[48:15] There’s no such thing as ‘failure’. It’s a mindset thing.

[51:55] However, with that being said, failure happens when you’re confused and have too much going on.

[53:45] You either succeed or you learn.


Mentioned in This Episode:


Andrew Banned from Huffington Post

Rich Dad Poor Dad, by Robert Kiyosaki

E-Myth, by Michael Gerber

Built to Sell, by John Warrillow

Dec 9, 2016

Young nomads who hope to have children one day are concerned about the kind of life they’d have to have in order to properly raise them. Andrew’s motto at the Nomad Capitalist is, “Go where you’re treated best.” and this saying doesn’t change when you have kids. Why go back to your home country to raise a child in a school that doesn’t teach your children anything about life and the world as we, us nomads, know it?


Key Takeaways:


Andrew's Editorial:

[1:30] More and more people are getting interested in the nomad lifestyle.

[1:50] As more people see that the option is available to go where you’re treated best, more people will end up choosing it.

[2:35] What happens to the nomad lifestyle once you have kids?

[4:45] Andrew is still trying to figure out that answer.

[5:15] Traditional schooling might not be the must-have/right option for a nomadic child.

[9:35] The reason why nomads are here and traveling is because we’ve realized the old rules don’t apply anymore.

[11:40] If you look at the test scores at some of these high-end ivy league schools, the kids aren’t learning anything!

[13:15] Public school over the years have really, really, really gone downhill.

[14:00] What is the U.S. best in, other than spending $$$ on the military? Why do you want to move back and educate your children there?

[16:25] You can continue your nomad lifestyle with a child!

[18:25] You have to go where you’re treated best! Having a child does not change that.

[19:40] Remember, you don’t have to conform to anybody’s rules!



[21:55] What’s currently going on in Lisbon, Portugal? Why did Dan and Stevie go there?

[22:55] How did Dan get started as an entrepreneur?

[24:25] Dan believes there’s a real opportunity in crowdfunding in both Europe and Asia.

[24:45] How did Stevie get started as an entrepreneur?

[27:40] What was Dan and Stevie’s big ah-ha moment? 

[31:25] What kind of flags has the couple planted in Europe?

[33:40] How does the UK and Portugal compare to each other?

[38:55] What has been some of the biggest challenges the couple has run into?


The Lightning Round:

[44:15] One business – Speciality food stores.

[45:05] One country – U.S., but answer may change.

[46:00] One book – Cookbook from the country you’re living in. 

[46:55] One tool – Transferwise.


Listener Question:

[50:45] What does Andrew recommend for holiday gifts to a nomad?

[52:25] Donate!

[56:20] Andrew’s convenience is the value, not necessarily the cost of the item.

[58:10] Please donate in Andrew’s name instead of giving him a gift.


Mentioned in This Episode:




The House of Morgan by Ron Chernow


Dec 2, 2016

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.



[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:

Nomad Capitalist




Vagabonding, by Rolf Potts


Nov 25, 2016

Today, Andrew asks if you, the entrepreneur, feel significant in your business. If you don’t, then perhaps now is a better time than any to sit down and consider what would make you feel significant. Why is this question so important? Well, if you want to be an industry disruptor, then there’s a lot of opportunities in less-developed countries to break into a market and be significant.   


Key Takeaways:


Andrew's Editorial:

[1:20] As an entrepreneur, do you feel significant based on where you live and where you do business?

[3:40] Why is Andrew asking you this question? Why is this question important?

[8:00] The people of Montenegro are genuinely interested in nomad principles.

[8:45] As you all know, Andrew is no fan of big government.

[10:50] If you want to be significant in your business, there’s no better way than to be located in places like Montenegro.

[13:15] Montenegro wants to attract more investments.

[17:00] If you’re looking at Southeast Asia, then consider also looking at parts of Europe.



[19:35] Why did Rob become an entrepreneur?

[22:50] Was it hard for Rob to drop out of college, and pursue other things?

[24:10] Rob talks about Jay Leno, and how he handled his money.

[27:50] What was Rob’s big ‘aha’ moment?

[29:25] You can live in so many places around the world on far less than what you can in the U.S.

[32:00] Step one is to develop a skillset that allows you to make your own schedule.

[32:30] Most millionaires have 7 streams of incomes.

[35:00] So many people are daydreamers, not doers.

[36:15] How has traveling helped Rob achieve his dreams, and build businesses?

[37:40] How did Rob’s wife react to his ‘crazy idea’?


The Lightning Round:

[40:00] One business — Teaching English to tourists.

[40:55] One country — Australia

[42:10] One book — How to Win Friends, by Dale Carnegie and Never Eat Alone, by Keith Ferrazzi

[42:20] One tool — Google Docs


Listener Question:

[45:15] What currency does Andrew recommend?

[45:25] Andrew talks about the Indian Rupee.

[47:00] The Polish Zloty seems to be a strong currency.

[47:45] If you’re holding U.S. dollars, it’s an excellent time to get into other currencies.


Mentioned in This Episode:


The End of Jobs, by Taylor Pearson

How to Win Friends and Influence People, by Dale Carnegie

Never Eat Alone, by Keith Ferrazzi


Nov 18, 2016

The big question everyone is asking is, “What will President Trump do to the tax code?” Andrew doesn’t buy into the big tax hypes because George W. Bush was believed to be a big tax cutter, and he only chopped it by 4%. Will the U.S. be a place where you’ll get treated best, especially on the tax front? It’s too early to tell, so it’s best not to speculate. Work with what you have today, because no one really knows what Trump will or will not do.


Key Takeaways:

Andrew's Editorial:

[1:25] What will President Trump do to the tax code?

[1:50] Does Andrew think the U.S. will be a place you can go, where you’re treated best?

[9:25] Why would you want to leave our great country?

[12:25] Will there be residency-based taxation in the U.S.? Andrew doesn’t think so.

[17:00] Will the U.S. be better under Trump? Maybe, but Andrew doesn’t believe in the hype.

[19:25] If taxes were 10% in the U.S., then yes, pack up your stuff and go home.

[19:55] If Trump does something great, then consider moving back home when he does. But as of today, he hasn’t done anything yet.

[20:20] It doesn’t make sense to start speculating on what Trump might do. Live your life based on today’s rules.

[20:40] Are you a Nomad Capitalist or are you a Patriot?



[23:30] Why did Sean become an entrepreneur?

[27:00] Sean has over 7 years worth of content and you can see his transition from clueless financial analyst, to being an expert nomad.

[33:45] Don’t be afraid to experiment.

[36:45] What kind of flags has Sean planted?

[37:55] What’s the best lifestyle that works for Sean?

[40:25] How does Sean manage being with a location-dependent person?

[45:00] What’s Sean’s next step in life?


The Lightning Round:

[48:10] One business – Immigration services.

[49:00] One country – U.S.

[49:30] One book – Influence: How and why People Agree to Things by Robert Cialdini

[50:20] One tool – Focus at Will


Listener Question:

[52:15] What’s Andrew’s favorite economic citizenship program?

[54:50] You shouldn’t spend half of your money on an economic citizenship.

[58:00] If you’re a U.S. citizen, who’s making $1-2 million a year, an economic citizenship may be a good option for you.


Mentioned in This Episode:


Influence: How and why People Agree to Things by Robert Cialdini

Nov 11, 2016

Andrew keeps reading headlines that state that over 50% of U.S. citizens do not have an emergency fund. The numbers sometimes vary, but this week’s headline read 62% of Americans did not have $1,000 for an emergency. Although, $1,000 is very little in retrospect, Andrew has met highly successful entrepreneurs and digital nomads who also fall into this same category. Do not fall victim to the Western mentality. You should always save for a rainy day!


Key Takeaways:

Andrew's Editorial:

[1:45] Did you know 62% of U.S. citizens do not have $1,000 to pay for an emergency?

[2:40] Andrew admits that the picture isn’t prettier in other countries, like the UK, when it comes to their emergency fund.

[3:25] Andrew believes there are nomads out there who fall into a similar category.

[4:45] No one really wants free university outright, but everyone wants more and more free stuff.

[7:20] As more and more people do not have $1,000 for emergencies, you’ll begin to see those people asking the government for more things.

[8:15] If you travel to Asia, you’ll see that many families, who make less than Westerners, have plenty of money for an emergency.

[9:05] The world is shifting, so how can you prepare for it?

[12:20] As a nomad traveling the world, it’s very easy to fall into vacation mode, and spend additional money.

[13:45] If you’re earning more than 300k+ a year as a Digital Nomad, and you don’t have 50k lying around, then something is wrong.

[15:00] Andrew doesn’t buy into Elon Musk’s philosophy on business and cash.

[16:00] Many nomads do not have $2,000 laying around if they need to buy a new computer on the fly.

[18:55] Andrew’s focus next year is how to build a more passive income.

[21:00] Do not fall prey to the same things people in the West fall prey to.



[25:50] How did Andre start his entrepreneurial journey?

[28:30] What was Andre’s aha moment, to quitting?

[33:50] Andre talks on how he managed his nomadic lifestyle when he met his wife, who doesn’t travel as much.

[38:00] Why did Andre set his business up in Spain?

[42:00] What kind of challenges has Andra run into, while setting up a business in Spain?

[45:15] Andre plans to expand his business to other countries.


The Lightning Round:

[45:55] One business – A coffee house.

[46:35] One country – Portland, Oregon.

[46:55] One book – Manifesto for the Earth, by Mikhail Gorbachev

[47:40] One tool – EzTix


Listener Question:

[49:25] Please subscribe on iTunes!

[49:45] What is the most overlooked thing, when it comes to choosing a new location?

[51:25] Andrew currently loves what Cape Town has to offer.

[53:30] So, what’s a deal breaker for a digital nomad? The internet, and Cape Town has awful internet right now.


Mentioned in This Episode:


Manifesto for the Earth: Action Now for Peace, Global Justice and a Sustainable Future, by Mikhail Gorbachev


Oct 28, 2016

Andrew conducts an interesting experiment during this week’s introduction. Is there a strong correlation between countries with friendly business practices, and countries with low debt to GDP? Andrew takes a look at several countries, and their GDP rates, on this week’s episode. Stay tuned till the end of his segment to find out the answer to this question!


Key Takeaways:

Andrew's Editorial:

[2:10] Greece is currently one of the worst three countries, in terms of debt to GDP.

[3:50] If you go to Montenegro, the Balkans, they really roll out the red carpet for you.

[5:40] Bulgaria has one of the lowest debt to GDP in the EU.

[6:10] Andrew reads off some of the countries that are doing well, when it comes to their debt.

[7:45:] Andrew wants to see if he can make a correlation between countries with friendly business practices and countries with good GDP.

[10:00] Andrew believes Chile has the right culture, but their economy has reached a peak, and it will drop a little bit.

[13:45] Andrew notes that the countries with good GDP are not located in the West.

[15:40] In the U.S., no matter what happens, it will never go down to a 10% flat corporate and personal tax rate. Trump has offered a 15% corporate tax rate, and economists say that it can’t be done.

[16:25] Andrew doesn’t say this to sound angry, but he believes the U.S. is the most corrupt country on earth.

[19:00] Conclusion: In many cases the objective business-friendly numbers and the public finances, in countries where they treat their people the best, do match up!

[20:55] The state of California is like a Kardashian. Andrew explains further.



[23:15] Why did Ashley want to be an entrepreneur?

[25:50] Ashley can do a majority of her business by computer and by phone.

[26:45] A majority of Ashley’s business is specialized in the sharing economy.

[27:55] If you want to be a disrupter, you just have to do it! Ashley has stopped asking for permission.

[28:55] Why did Ashley decide to go overseas? Why not stay in Texas doing what she’s doing now?

[30:35] When Ashley founded her business 7 years ago, she started it in Bahrain.

[32:00] Why did Ashley set up shop in Bahrain?

[32:55] It was easy for a woman to do business there.

[34:55] How does Ashley differentiate herself in such a competitive market?

[38:00] Why did Ashley move to London?

[39:00] Ashley has found it more difficult to be a company in the UK than in Bahrain.

[43:35] Ashley went from living in a nice big apartment in Bahrain, to living in a small box. The lifestyle is very different between the two countries.


The Lightning Round:

[47:40] One business – Insurance.

[48:10] One country – Stockholm, Sweden.

[48:45] One book – My Struggle by Karl Ove Knausgaard

[49:20] One tool – Google Flights.


Listener Question:

[51:20] Is it best to renounce U.S. citizenship and keep Brazilian citizenship? What options are out there?

[52:45] If your parents have more than one citizenship, look into that and see if you have more passport options!

[57:25] You’re in good shape if you have both U.S. and Brazilian citizenship.

[59:00] If your passport has visa-free access to Europe, you’re in good shape!


Mentioned in This Episode:


My Struggle, by Karl Ove Knausgaard

Oct 20, 2016

Andrew has discussed in the past why going for the cheapest and/or fastest passport might not always be the wisest decision, but what about acquiring an economic citizenship? For Westerners, particularly U.S. citizens, who are looking to pay less in taxes, leave the U.S., and live a digital nomad lifetime, you may want to consider your options, and take actions on them, sooner rather than later.


Key Takeaways:

Andrew's Editorial:

[1:55] The most popular articles on Nomad Capitalist are about how to get the fastest citizenship.

[2:15] Are you a successful business owner paying too much in tax?

[3:35] The idea of paying for a citizenship seems distasteful for many Westerners.

[4:30] What kinds of people should renounce their U.S. citizenship?

[7:20] Andrew believes that in the future you will see a lot more citizen-based taxation in other countries, like the way the U.S. has it.

[7:45] It’s not easy to leave Norway.

[12:15] If you’re a Westerner or U.S. Citizen looking to get a 2nd citizenship within months, then Dominica may be your best bet.

[14:15] If you’re planning on leaving the U.S., then you may want to apply for an economic citizenship now, before you move overseas.

[18:05] Dominica currently offers the best provisions for a Westerner.



[21:00] Why did Waleed become an entrepreneur?

[25:20] Most of Waleed’s friends from Egypt are traveling the world, too.

[26:10] Why did Waleed move to Belgrade, Serbia?

[29:00] What kind of flags has Waleed planted so far?

[31:30] Why did Waleed set up his company in the UK?

[33:05] Why does Waleed like Uruguay?

[34:20] What has Waleed achieved outside of his home country, that he wouldn’t be able to do if he still lived there today?

[36:15] Waleed recently married a Serbian citizen.


The Lightning Round:

[38:35] One business – Doughnut shop.

[39:10] One country – N/A

[39:55] One book – What's Wrong with Eating People?, by Peter Cave

[41:05] One tool – N/A


Listener Question:

[43:50] What’s the biggest mindset recommendation for someone getting started?

[45:00] Mindset helps you get things done!

[45:30] A scarcity mindset can lead us to make the wrong decisions.

[47:20] Accept personal responsibility for your actions.

[51:40] What’s holding you back?

[53:20] Andrew has been the guy that points the finger, when it’s really his fault for not taking action sooner!

[55:35] The problems go away when you approach things the right way.


Mentioned in This Episode:


Four Case Studies for Renouncing US Citizenship

What's Wrong with Eating People? by Peter Cave


Oct 13, 2016

As Andrew watches the Presidential Election one thing comes to mind: The system will not change. U.S. politicians want to make it seem like nomad business owners are traitors for hiring outside talent, but the reality is, the United States does not provide good enough incentives for so many business owners. It only makes sense to seek out better treatment elsewhere and hire overseas.


Key Takeaways:


Andrew's Editorial:

[2:15] Based on everything that’s going on in the United States right now, we’re not going to change the system.

[4:15] There are incentives to moving jobs overseas.

[5:50] When you hire U.S. people, you are subjected to U.S. tax, even if you don’t have a U.S. business.

[6:15] Let's not blame the corporations.

[6:30] Andrew and so many other nomads will not hire U.S. people living in the United States.

[8:00] Politicians want to make it seem like nomad business owners are traitors for hiring from outside the United States.

[9:00] With that said, U.S. citizens tend to be better trained.

[12:00] It’s a shame we have to hire talent outside of the United States, but that’s where we are treated best.

[14:55] Setting up an offshore company can be beneficial for U.S. citizens.

[15:25] You may not be able to get a Singapore bank account in the next three years.



[19:00] Why did Neil decide to become an entrepreneur?

[21:45] When Neil made the leap to become self-employed, what was going through his mind?

[24:20] How did Neil make the transition from self-employed to entrepreneur?

[26:30] How do you really know when is the right time to start?

[28:50] If Neil could go back in time, he wouldn’t have gotten his PhD.

[30:25] How has Neil set up his business?

[32:20] What flags has Neil planted so far?

[33:20] Neil has had terrible banking trouble because he has an Indian passport.

[34:35] Why did Neil decide to outsource to Eastern Europe as opposed to Southeast Asia?

[38:20] If Neil was still in India or London today, what would he not be able to achieve?

[39:50] Neil talks about the relationships he’s developed in Finland.


The Lightning Round:

[42:00] One business – Omelette restaurant.

[42:40] One country – Indonesia.

[43:00] One book – Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime, by MJ DeMarco.

[43:20] One tool – Spotify.


Listener Question:

[46:25] Is Belize still a good place for a digital nomads to go offshore?

[47:25] Belize still has tax. It’s not a zero tax country.

[47:40] Andrew likes Belize.

[49:45] Unfortunately, if you’re from the West, you’re going to have a hard time doing it legally.

[51:25] Cayman Islands is another option, but they’re not cheap and they do not want cheap people.

[52:40] Countries all around the world don’t really trust Belize.

[53:35] Andrew would rather pay slightly more tax than deal with the headaches Belize offers.

[56:0] Remember, we want to be legal and Belize has a bad rep.


Mentioned in This Episode:


Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime, by MJ DeMarco


Oct 6, 2016

Andrew is currently visiting Bulgaria and has some thoughts to share with his Nomad Capitalist audience on the pros and cons of Bulgaria. There are benefits to Bulgaria, but like everywhere else, there are some drawbacks to consider. Andrew believes Bulgaria is an excellent place for Nomads who want to be in the EU, but do not want to pay high EU taxes.


Key Takeaways:

Andrew's Editorial:

[2:45] What’s Andrew’s take on Bulgaria?

[3:45] Bulgaria has one of the lowest tax rates in the EU.

[4:45] Andrew avoids Romania.

[7:35] Bulgaria is making efforts to clean up corruption.

[9:35] Bulgaria is a place for people who want to be in the EU and do business.

[10:10] So, what does Andrew think of Bulgaria?

[14:50] You can buy agricultural land very cheaply in Bulgaria.

[17:10 There is a way to go where you’re treated best!



[19:10] Why did Monika want to become an entrepreneur?

[20:35] Monika hated having a full-time job.

[23:55] What was Monika’s ah-ha moment?

[26:00] Sometimes you just have to go and fix things as they crop up.

[26:40] What stops people from taking action?

[30:35] Bulgarians are very eager to explore the world.

[31:30] Why did Monika move from Bulgaria to Australia?

[32:30] What are some of the benefits of Australia?

[33:25] If Monika was running a big business, she’d move someplace else.

[34:00] What advice would Monika give to those who want to move to Bulgaria?

[35:55] Is Monika making a sacrifice by raising her family in Australia?

[37:05] Why does Monika wish to move to Central America next?

[37:20] What kind of problems has Monika run into while running her business?

[38:40] What has been some of the biggest successes Monika has achieved in Australia that she couldn’t have done in Bulgaria?


The Lightning Round:

[39:40] One business – Personalized services.

[40:35] One country – Costa Rica.

[41:45] One book – Will It Fly?, by Pat Flynn.

[42:20] One tool – Click funnels.


Listener Question:

[44:35] What is the ideal travel schedule for someone who wants to live as a Nomad Capitalist?

[49:25] 90 days in one location seems to be a comfortable number for most Nomads.

[51:45] Don’t leave the herd back home only to follow another herd elsewhere —  Discover on your own.

[52:35] A ten day schedule is the best approach.


Mentioned in This Episode:


Will it Fly? By Pat Flynn


Sep 29, 2016

Andrew dives in on some of the common questions he receives about taxes. People are always wanting to reduce their taxes, but sometimes they're completely unwilling to change their current lifestyle to make that happen. How can you reduce your taxes without moving out of the country? Well, the short answer is you can't. At the end of the day, it boils down to what kind of freedoms you want and why you really want to reduce your taxes.


Key Takeaways:

Andrew's Editorial:

[2:10] Let's talk about taxes.

[4:00] Countries like Australia are ruling more in favor of the tax man.

[4:20] It's subjective as to whether or not you really did leave the country or if you're just avoiding tax.

[4:30] Even if you've left the country for more than 183 days a year, this doesn't always mean you're a taxable non-resident.

[6:45] How can I pay nearly zero tax like the big corporations do?

[7:50] Andrew does not recommend hiding your money from the government. Nothing good will come of that.

[12:10] How does Google, and other big companies, diversify?

[15:45] How do you save taxes without moving?

[17:35] Like California? Then you might like Chile.

[22:30] But I can't leave the US and I want to reduce my tax bill!

[23:10] So, why do you really want to pay less tax?

[25:10] Andrew has never been to Greece.



[26:40] Why did Yasmine become an entrepreneur?

[28:15] How does Tibba help people?

[30:05] Where is Yasmine from?

[32:50] How does Yasmine deal with ups and downs?

[34:45] Which is more productive — working in a new and different space or settling down in one place to work?

[38:55] Since Yasmine is so remote, how does she setup her companies?

[40:25] What kind of challenges has Yasmine faced?


The Lightning Round:

[43:05] One business – Taiwanese dessert.

[44:20] One country – New York.

[44:50] One book – Never Eat Alone by Keith Ferrazzi.

[46:00] One tool – Calendly.


Listener Question:

[48:20] What type of business does Andrew miss while traveling?

[51:55] You do want to have a home base with all your comforts as you travel the world.

[53:05] Andrew personally likes smaller houses. 


Mentioned in This Episode:


Never Eat Alone by Keith Ferrazzi

Sep 15, 2016

Andrew discusses why holding a mediocre passport may not be as bad as you might think. It is no secret that tax laws are only going to get stricter, so perhaps it's time to have other options where you're not forced to stay in one area for the rest of your life. By holding another passport, you may have more flexible visa options and won't have to jump through as many hoops to travel and explore new countries. Tune in to hear Andrew's full commentary.


Key Takeaways:

Andrew's Editorial:

[1:25] Let's talk about bad passports.

[2:20] US passports rank between 13-14th.

[3:40] What's considered a bad passport?

[6:20] Andrew discusses some of Australia's tax rules.

[9:40] It may be worth it to have a passport from a country with less influence.

[9:55] FACTA for the world will start next year.

[11:15] Having a 'bad' passport may actually get you better visa-free travel.

[11:45] Maybe it's time to get an African passport.

[15:35] There are benefits to having mediocre passports!

[20:10] Always follow the law!!



[22:35] How did Simone get started?

[26:30] Simone wasn't happy with where she was.

[29:50] You have to be happy first.

[30:50] Why did Simone travel to Bali?

[31:50] Simone loves attending workshops and other activities where there are other nomads present.

[36:25] What kind of challenges has Simone faced?

[37:45] Simone discusses the important relationships she has developed through her travels.


The Lightning Round:

[40:15] One business – Dating business.

[41:30] One country – Europe.

[42:00] One book – Busting Loose From the Money Game by Robert Scheinfeld.

[42:35] One tool – ScribbleLive.


Listener Question:

[44:40] What kind of side hustles should an aspiring nomad pursue?

[45:55] Make it a full-time hustle!

[47:15] You have to make a full commitment to yourself.

[49:15] Get an emergency fund together.

[52:05] Become a nomad full-time, not part-time.


Mentioned in This Episode:


Busting Loose From the Money Game by Robert Scheinfeld

Sep 8, 2016

Mashable recently came out with an article titled, 11 ways Millennials can save money. In it, the author recommends Millennials wash their hair less frequently in order to save on shampoo costs. Andrew comments that the Millennial culture is a painful one, but that pain is being buried and it's only going to get worse. As an outsider peeking in, Andrew sees a culture were depriving yourself is cool and wants to warn others that it really, really isn't.


Key Takeaways:

Andrew's Editorial:

[3:30] Andrew reads off a Mashable article on 11 ways Millennials can save money.

[4:15] Half of kids in Spain don't have a job.

[7:30] Couple plans on moving from Michigan to South Africa in order to cut their cost of living and pay off their student loans.

[9:10] Nomad Capitalist helps lessen the perceived pain of moving to a foreign country.

[9:35] You need to have a little bit of pain in order to make a positive change.

[12:20] In the Western world, there is so much pain under the surface. So much buried pain.

[12:45] There's a culture starting to develop where depriving yourself is cool.

[15:25] Don't let the culture drag you down and convince you that deprivation and high taxation is cool.

[18:55] Looking to change your lifestyle? Visit



[21:20] Why did Anastasiya become an entrepreneur?

[25:05] What was Anastasiya's aha moment?

[28:20] Why do people seem to dislike the corporate culture so much?

[33:45] Women in Europe don't like going to the gym as much as men do. It's a very male-dominated environment.

[35:50] What kind of flags is Anastasiya planting in Italy?

[39:00] Building good rapport with others in Italy is everything.

[39:55] How does Anastasiya manage her long distance relationship with her husband?


The Lightning Round:

[41:30] One business – Cooking tours.

[42:05] One country – Italy

[43:05] One book – How to Win Friends and Influence People by Dale Carnegie.

[43:40] One tool – Some kind of translator app.


Listener Question:

[46:00] What should someone's net worth be when looking into trusts?

[46:55] There just doesn't seem to be a real need for a trust.

[48:30] Around $500,000 is when you should start thinking about it.

[49:45] Look at alternative ways before you go jumping to get a trust.

[50:00] Remember, Andrew's advice is just an overview. With something like this, you do need situation-based advice from an expert.


Mentioned in This Episode:

Email Andrew:

11 Ways to Save Money as a Millennial

To cut their cost of living and pay their student loans, this couple is moving from Michigan to South Africa

Anastasiya on Instagram

How to Win Friends and Influence People by Dale Carnegie

Sep 1, 2016

When people talk about asset protection, very rarely does a conversation come up on how a young person with not much wealth can protect their assets. Truth be told, asset protection is important to everyone, no matter how little you have. Andrew discusses what threats should a young person be aware of, and how to properly prepare based on those threats. The threat of government taking your money away is always a possibility, but how real is that to you? How real is it that you'd get sued? These are just some of the things you have to take into consideration.


Key Takeaways:

Andrew's Editorial:

[1:25] Let's talk about asset protection.

[2:20] How can the younger generation protect their assets?

[2:50] Andrew lists reasons why you'd want to protect your assets in the first place.

[4:40] There are ways the government can take your money, but you need to figure out what those real threats are.

[5:45] What are the issues you're currently facing? Write them down.

[7:40] Keep in mind, the more difficult you make things, the more difficult it'll be to access your money in the future.

[7:50] Some Bitcoin exchanges are being run like banks.

[8:20] You want to put together a plan that will not complicate things for you later down the line.

[13:30] Anyone can sue anyone in the U.S.

[14:25] You can still use an offshore company to protect yourself.

[17:35] Asset protection is important for everyone, but there are a lot of scammers out there.

[18:05] It boils down to: How are you able to access your money in a way where everyone else can't?

[18:40] Don't cut corners. Follow the law!

[20:35] Things are changing every single day. Strategies that worked a couple of years ago, might not work today.

[23:25] Also, figure out if you need all the stuff the lawyers are trying to push on you.



[24:40] How did Travis get started?

[25:55] Why did Travis want to quit his job in Thailand?

[27:40] Would Travis have started a business if he was back home in Australia?

[30:35] Around 60% of Travis's customers are based in Bangkok.

[32:10] Travis plans to stay in Thailand for the next 2-3 years.

[35:40] Travis has also found the Thai government to be quite helpful.

[38:10] Travis is able to pay himself a lower salary, but still live quite nicely in Thailand.

[41:15] How did Travis meet his wife?

[43:40] Are there more nomads visiting/working in Thailand?


The Lightning Round:

[45:50] One business – An app to crowd source law students.

[46:50] One country – Thailand.

[47:10] One book – Suitcase Entrepreneur by Natalie Sisson.

[48:05] One tool – Private Internet Access.


Listener Question:

[50:50] Many Chinese people are looking to move to the U.S.―why is that?

[53:10] If you don't know why you need a second passport, maybe you don't need one.

[53:15] The Chinese are looking for different things than what you or Andrew are looking for.

[55:40] Some people who move to the U.S. are in for a rude awakening.

[58:10] Andrew's listeners are looking to lower their tax bill. The Chinese? They're looking for something else.

[1:00:15] Andrew wants his children to learn more about the world and the differences across cultures.

[1:00:40] People who want to move to the U.S. are trying to get their children out of poverty or, at least, away from it.

[1:02:30] If you don't know why the Chinese are moving to the U.S., then copying them isn't going to help you.


Mentioned in This Episode:


Suitcase Entrepreneur by Natalie Sisson

Aug 25, 2016

In today's introduction, Andrew shares a prime example of why investing in quality services and people will always be worth your time. Good services do not come cheap, but there are a ton of benefits in the long run when you pay a pretty premium on trustworthy and honest people. At the end of the day, your time is valuable, so find people who are able to make the most out of your time.


Key Takeaways:

Andrew's Editorial:

[1:30] How has Andrew saved a lot of money by paying more to begin with?

[2:50] Andrew thinks Malaysian real estate is a bit too expensive right now.

[5:15] Once you pay someone a couple of thousand dollars, you've committed yourself.

[8:00] Andrew doesn't recommend his clients invest in Thailand. For himself? He'll take the gamble and see where it goes.

[10:10] Andrew shares a story on why paying more goes a long way for your money and for your sanity.

[18:05] What should you do when you're going overseas and things are a mystery? Andrew has a two-part philosophy.

[21:05] Your time is valuable, so you have to find people who can make the most of your time.



[24:30] How did Vyacheslav get started as an entrepreneur?

[26:40] Why did Vyacheslav pick Canada to set up shop?

[27:50] It's very challenging to be an entrepreneur in the Ukraine.

[32:50] Is Canada a better option for people in the U.S. who are upset with the way things are being run?

[37:35] Is Canada a good place to go to if you're looking for funding?

[39:35] How has having two passports helped Vyacheslav?


The Lightning Round:

[40:50] One business – A marketing company that caters to startups.

[41:35] One country – Canada.

[42:00] One book – Traction by Gabriel Weinberg.

[42:50] One tool – Todo List.


Listener Question:

[45:30] Getting a Greek passport in 3 months, is this possible?

[48:40] The Greek government is broke.

[51:20] Greek passport in 3 months? It's probably a scam.

[52:40] Cheapest and fastest isn't always the best.


Mentioned in This Episode:

Traction by Gabriel Weinberg

Aug 18, 2016

If you're looking for great overseas real estate investments that are the equivalent to what you'd get in the United States, then turn back now, it just doesn't exist. You're not going to get great financing deals in a foreign country. People in the United States often scoff at the idea of paying for big ticket items, like a car, in cash, much less a house! However, paying for a home upfront and in cash is a widely accepted way of doing things when purchasing property overseas and this is one of the reasons why you will get horrible finance rates in these countries.


Key Takeaways:

Andrew's Editorial:

[1:40] How do you know when to invest vs. when to stay put?

[3:20] You have to be realistic with your investments.

[5:25] 90% financing just doesn't exist.

[8:20] Why do you want a first world investment if you're leaving the first world in the first place?

[12:20] Andrew knows someone who sold a car for $20,000 in the US and the bank looked at him as if he was a terrorist.

[13:40] The US has the most advance markets for Airbnb.

[14:30] Andrew would rather take a cash yield than have to finance a property.

[16:55] Remember, you could potentially be investing in a bubble market if you invest in US property.

[17:15] Andrew doesn't believe real estate always goes up in value and doesn't trust people who believe this.

[18:45] If you're looking for safety then being overseas is more important.

[19:35] You're not going to go overseas and get financing. It just doesn't work that way.



[23:15] Why did Kevin become an entrepreneur?

[26:35] Why did Kevin start his business overseas?

[32:55] If you go anywhere else in the world and own a car, you're considered rich. Often times, you don't even need a car because everything is within walking distance or the public transport is fantastic.

[36:15] What kind of flags has Kevin planted around the world?

[37:15] Kevin talks about outsourcing some of his work to places like the Philippines.

[38:35] What has Kevin's experience been like in Singapore?

[40:30] Kevin doesn't believe he could achieve this level of success back in his home country.

[42:15] What kind of problems has Kevin faced while being overseas? The number one problem comes down to banking.


The Lightning Round:

[43:55] One business - a monthly subscription service for translations.

[44:45] One country - Berlin, Germany.

[45:20] One book – The One Thing by Gary Keller

[45:55] One tool – DIDlogic.


Listener Question:

[48:15] Andrew, what is the biggest thing you miss from leaving the United States?

[49:50] Free refills and tap water.

[52:10] Andrew also misses the level of great customer service.

[56:25] Even if cultures are different, people still want better service.

[58:25] Why would Andrew ever move back to the US?


Mentioned in This Episode:

The One Thing by Greg Keller

Aug 11, 2016

Andrew drives the point home on why you really, really have to put a price on what your second passport is worth to you. What is your return on investment if you were to get a second passport? What are some of the pitfalls of getting a second passport? You wouldn't walk into a dealership or a brand new home and not know how much you're willing to spend, would you? The same principle applies to your passport. Know your numbers!


Key Takeaways:

Andrew's Editorial:

[1:40] What's the 'real' return on investment on a second passport? .

[4:35] Do you want a second passport? What are you trying to protect?

[5:45] Do you know what the real costs, or perils, are to having a second passport?

[6:05] On a positive note, what are some of the upsides to having a second passport?

[6:55] You don't buy a house without knowing how much you're willing to spend. The same is true for your passport. Know your numbers.

[10:20] What would be the negative cost if you were to renounce your current citizenship?

[10:25] US citizens are tired of being taxed when they don't even live in the US.

[13:50] You have to know the pros and cons as to why you should/shouldn't have a second passport.

[18:00] If there is no ROI involved, then ask yourself why you're doing it.

[18:35] It's #NomadWeek at The Nomad Capitalist. Check out the website for more info.



[20:15] How did Mark become an entrepreneur?

[22:25] Learn from the mistakes of others.

[23:15] What makes a good entrepreneur?

[24:10] Did Mark ever have a big 'ah-ha' moment? Why did he move overseas to start his business?

[27:35] Andrew feels a bit sad when he visits Japan.

[32:25] What kind of flags has Mark planted in Japan?

[34:25] Mark talks about the process of living in Japan and things to look out for.

[37:00] Surprisingly, Japanese women and men over 50 are willing to take risks and change the status quo.


The Lightning Round:

[38:50] One business - exportation of Japanese technology to China and Hong Kong.

[39:20] One country - Canada.

[39:55] One book - A Treatise on Leaders by Mark Lee Ford

[40:15] One tool - Philosophy.


Listener Question:

[42:35] Does Andrew have any advice on cat rescue? Listener wants to transport a cat from South East Asia back to Europe.

[43:20] Get your cat a pet passport.

[44:15] Your pet will have to be quarantined.

[44:25] Unfortunately, you're better off trying to find a good home for your cat.


Mentioned in This Episode:

A Treatise on Leaders by Mark Lee Ford

Jul 28, 2016

In this introduction, Andrew dives deep into the trouble with banking in the world today. Things are becoming harder. Much, much harder. You need to be prepared to get asked questions for doing trivial things. You need to be prepared that your bank will contact you and you need to be prepared to have the right documents proving your funds. Andrew focuses on the huge issues his clients are facing with Hong Kong banks, more specifically HSBC, but banking is going to become more difficult all over the world; not just in specific parts of Asia. Andrew emphasizes the importance of choosing your banks wisely, as it can really bite you in the future if you go for a bank in a questionable jurisdiction.


Key Takeaways:

Andrew's Editorial:

[1:00] Banks! It's getting so much harder to bank.

[2:05] Before there was FACTA, now there's global information sharing on its way.

[3:00] People who live in Hong Kong can't get bank accounts, even if they know the Vice President of the bank branch!

[3:40] Andrew was waiting at an HSBC bank on a Wednesday, for six hour, in Hong Kong.

[4:45] Nobody knows why their accounts are being blocked or rejected.

[6:00] Keep your profits in the company, reinvest it in the company, and buy assets through the company.

[8:35] You're not a big fish. Unless you're running a business that's turning over $3-5 million dollars or more, banks don't want to deal with you.

[10:25] If you're small, you're going to need more help.

[13:00] The customers are no longer the prize, the bank is the prize. You're lucky to get a bank account with them.

[15:35] Don't hide your money. Follow the law and do the right thing.

[19:55] Andrew tried to open a U.S. account and it was tough.

[24:00] Are you banking at HSBC? Stop what you're doing. Just stop.

[24:05] Are you banking in questionable jurisdictions? Stop.

[24:10] Are you banking in a tiny Caribbean country? Stop.

[24:15] Are you banking in a country with a bad reputation? Stop.

[24:35] Be prepared to get an email or a phone call from your bank.



[26:55] Why did Kay become an entrepreneur?

[27:40] Kay is passionate about cave diving and wanted to explore.

[29:35] Kay loves to discover. She is curious, so transitioning from a 'real job' to entrepreneurship wasn't a problem for her.

[31:35] Kay's first job in Mexico paid $400 a month.

[32:00] What made Kay stay in Mexico?

[35:40] Key recommends living in Mexico for a year and see if the lifestyle is right for you.

[36:35] Is it too late to live in the Riviera Maya?

[39:30] Kay first went to Mexico thinking she'd stay for only 6 months. It's been 20 years now.

[41:00] Why did Kay choose Mexico?

[46:55] Getting office space in Mexico is not cheap.

[47:50] You can't assume that you'll always have electricity or water.

[48:10] Kay talks about her family.

[49:30] Despite loving Mexico, Kay does not want to be a Mexican citizen.


The Lightning Round:

[50:25] One business - A website, listing local services.

[51:05] One country - Panama.

[51:25] One book - Simple Numbers, Straight Talk, Big Profits by Gregory Crabtree

[52:10] One tool - Canva.


Listener Question:

[55:25] How easy is it to get Paraguay citizenship?

[1:00:15] Stop focusing on what's so easy and what's so cheap.

[1:01:25] Bureaucrats are afraid of letting people from anything other than western countries into their country.

[1:07:55] If your offshore strategy isn't perfected, then don't do things that can hurt your asset protection strategy. Do what needs to be done to protect yourself first.

[1:09:25] Nothing is a guarantee.


Mentioned in This Episode:

by Gregory Burges Crabtree

Jul 21, 2016

Andrew discusses the risks and various factors you need to take into consideration when it comes to investing in unstable markets. There is nothing wrong with making a crisis investment as it can lead to huge gains. With that being side, you want to know the market, the environment, economy, and culture inside and out before you do. As Andrew's father often told him, “Be aware of falling knives.”


Key Takeaways:

Andrew's Editorial:

[2:10] How do you find your safe havens?

[2:40] We'll be covering how you know you're getting into a good market vs. what to steer clear of.

[3:10] Andrew's father is the most honest guy he knows. Andrew shares some advice his father once gave him.

[4:55] What is Turkey's environment like? Is it a good place to live/invest despite the attempted coup?

[5:45] Property in Istanbul has been on the rise for the last two decades, but will it soon come to an end?

[6:10] Whether a place is safe or not, it all comes down to fundamentals. Andrew explains further.

[10:40] When is the time to go in and buy?

[13:10] Find a region you like and focus on what's going on there.

[16:10] You need to understand all the factors at play before you make a crisis investment.



[20:55] How did Grant get started?

[23:15] Grant wanted to give people access to extremely smart people all around the world.

[26:35] Banking tends to be the biggest problem when living in different countries.

[28:15] Why did Grant choose Singapore?

[31:45] It was easier to plant your flags in Singapore five years ago.

[32:55] Wherever you are in the world, you can be home in 24 hours if you don't like where you currently are.

[33:50] FATCA has changed the entire world.

[34:40] You should have bank accounts all over the world, but governments find this behavior extremely suspicious.

[37:25] What does Grant think about Ireland's economy?

[38:05] Would Grant like to go back to the UK?

[40:25] Grant believes if he hadn't traveled, he wouldn't have started either of his businesses today.


The Lightning Round:

[41:50] One business - Concierge service.

[42:05] One country - U.S.

[42:35] One book - The Checklist Manifesto and Blink.

[42:55] One tool - Trello, Slack, TripIt.


Listener Question:

[45:00] What are Andrew's favorite cities for Airbnb rentals?

[47:15] Andrew knows one guy who was able to get his Airbnb rentals yield up to 31%.

[47:25] However that is extremely rare.

[51:15] Andrew recommends looking into markets where there isn't enough '5 star quality stuff'.

[51:25] You'd be able to get in at a lower entry point.

[52:25] Andrew lists some countries he's familiar with and would be good for Airbnb rentals.

[58:30] Airbnb can become your business if you know what you're doing.


Mentioned in This Episode:

The Checklist Manifesto by Atul Gawande

Blink by Malcolm Gladwell

Jul 14, 2016

Andrew talks about the interesting times we live in right now. Attacks are happening all over the world, which is deeply unfortunate. Andrew believes we're living in an age of extremes, governments are running out of money and people are both angry and frustrated about the changing times. The real point people have to see is that one person or particular government isn't the problem, Trump is not the real underlying problem because if it isn't him, it'll be someone else. In order to navigate safely through these uncertain times, you have to diversify your assets and plant flags all around the world.


Key Takeaways:

Andrew's Editorial:

[1:30] We're really living in interesting times right now.

[2:25] Attacks are happening all over the world.

[3:50] Nobody knew Brexit would actually happen, but you should still know that diversifying is always a smart move.

[5:00] Trump is not the issue.

[6:45] We're living in an age of extremes. Governments are broke more than ever.

[7:15] People are angry and frustrated. They don't want to accept change.

[8:00] Sure, Andrew was caught off guard by the Brexit decision, but he was already prepared beforehand.

[8:15] How do you deal with all of this madness?

[9:25] Andrew likes Malta because no one really understands what's going on there.

[10:15] How many violent attacks happen in Georgia?

[12:55] Whatever you're hearing from the media, from your block, is probably 180 degrees from the reality.

[13:05] The United States is an extremely corrupt country.

[15:15] Diversify your portfolio.

[18:55] Andrew wishes we didn't live in such a violent world.



[22:20] Andrew welcomes Dietrich.

[22:45] Why did Dietrich become an entrepreneur?

[26:05] What was Dietrich's big aha moment?

[30:15] You don't have to go to a big city in a foreign country to run your business. You can live in a rural town and manage a virtual team.

[34:15] There's about 90 million people in Vietnam.

[39:25] Why does Dietrich love Vietnam?

[42:25] You do need a certain amount of backup money for Vietnam. Plan for three years’ worth of income.

[45:45] Use your common sense when in Vietnam. If something looks too good to be true, stay away from it.


The Lighting Round:

[46:35] One business - Food exports.

[47:05] One country - NA.

[47:35] One book - German motivational book.

[48:10] One tool - Fiverr.


Listener Question:

[50:15] What are Andrew's thoughts on Cyprus?

[54:00] Why do you want an offshore company?

[55:15] Cyprus banks will be skeptical of your business.

[55:30] Hong Kong is even kicking people out.

[58:15] Andrew does not recommend Cyprus.


Mentioned in This Episode:

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