Why I Live Overseas
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- เผยแพร่เมื่อ 13 มิ.ย. 2024
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Andrew Henderson is the Founder of Nomad Capitalist and the world's most sought-after expert on global citizenship. Several years ago,
he decided to leave the USA and go where he was treated the best.
In this video, Andrew goes through some reasons why he lives overseas.
00:00 Start
0:24 Andrew's Conversation with His Friend
2:10 Life in the USA
3:40 Taxes in the USA
4:42 The Safest Places
10:53 100- Year Plan
The Nomad Capitalist is the world's most sought-after expert on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best."
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Nomad Capitalist has created and implemented plans for 1000+ clients and helped them to go offshore, keep more of their wealth, and enjoy an unprecedented level of global freedom. Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. We've built our team around our holistic approach to serving the needs of globally-minded entrepreneurs and investors.
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As a widower pushing eighty I left five years ago for Thailand. World class hospitals, most doctors speak English and are often US trained, pleasant people, much lower cost of living, very safe and acceptably hot weather. Met and married a wonderfully age appropriate Thai lady. Living the best years of my life. I’m never going back.
Same here, Im in hua hin.
Would you be willing to be interviewed (anonymously if you'd want) about your experience? Doing this move at such an age is an inspiration to others... and myself. Sincere request. TD.
@howarde6047, I moved to the Philippines and also have an age appropriate wife..... 35 years my junior. We have 3 children ages 6, 4 and 3 months. 😅😅
last year my wife and I had finally run out of excuses for living with cold /snowy winters that lasted 7 months. Last August sold up all of our property and toys. Beach in Rocha Uruguay is now home and at 65 years old we were welcomed, a beach house that I could never dream of owning in Canada or the USA no looking back
We wre currently in South America, evaluating various countries and locations for expat living. We have a scouting trip to Uruguay planned for the June timeframe. Would you have recommendations for areas to see aside from the norms of Montevideo?
Uruguay sounds like a very good choice! Best to keep it a secret though.
There’s no beach in Rocha. The districts near Rocha has. But those districts on the west side are ports not scenic.
I was 44 when gave/ sold my stuff and rented out my house in Winnipeg and moved to Egypt and lived on the beach. One of my friends complained to me about living in Canada and about struggling in the winter etc and then she said something that is still ringing in me ears ' AND we PAY to live here!' . I was actually paying to suffer in a place I hated. Easy decision for me.
Now you're contributing to the same thing that made Canada unaffordable. Way to go boomer!
Retired to portugal 5 years ago. Still amazed the welcoming attitude and the less stress. Allows us to live intentionally
Really? I moved to Portugal and I've never read so much hate online toward foreigners. Portuguese people seem to blame us for literally everything.
@@Pensandoci9 As a Portuguese, I think you're right to some extent but I'd say they hate foreigners more in the abstract, if that makes sense. Like, many of my countrymen might say (online or at the dinner table) that foreigners are ruining the economy or something, but when they meet any individual foreigner in real life they'll basically always be very friendly. For instance, they might talk smack about the Chinese, but they'll still enjoy going to the Chinese restaurant.
I once went to a dentist in Moscow, probably 20 years ago - paid under $100. Dentist was Armenian, went to UCLA. Totally modern new equipment. Then I realized that there are viable alternatives out there, if you care to look.
And now the doctor is enjoying his life in Russia
@@svensulzmann4282 do you have seen the 4 pages list from country's USA has invaded? from mexico to ukraine...... they want all country's where are recources, look at nigeria. equador, even in hungary usa is taking the oil, hungaria gets 30% and usa 70% from profit. and then hungary not even can see how much oil they take out the ground........... USA is a dictator. 50x times worse then russia. Russia saved europe 2 times from nazi's,,,,, and now again in ukraine........ Tell me what country's Russia invaded and dropped atomic bombs on, like JAPAN !!!!
@@svensulzmann4282Vladimir zudolf is the same shit
Are doctors working in Russia likely to be drafted/mobilized to the battlefields of Ukraine?
That sounds like a rock n roll song lolol
The problem with America is that it has double taxation so even living abroad you have to pay your federal income tax. I ended up meeting a European girl in college and long story short we moved to Switzerland after graduating almost 15 years ago now. I ended up rescinding my US citizenship due to the double taxation rules and every time I visit friends and family back home now the DHS treats me like I am a terrorist. I've been 'detained' for an interview on 3 separate occasions and they always ask me why I gave up my citizenship. The egotism of Americans cannot allow for the fact that America isn't the best place to live in anymore.
It feels like the US or the FED don't want their own people to enjoy life. 🤡🤣
There is no double taxation in the US. If you pay more taxes on your income than what you would pay in the US you are not taxed. If you pay less then depending how you organize your finances you may have to pay so to the IRS. Just clarifying.
@@ebradley2306 You aren't clarifying - you are confounding. If you happen to live in a country with a low tax rate you can indeed end up owing taxes in the US - this was my point. Since I'm no longer a citizen I don't need to worry about it. Good riddance - wouldn't ever want to live in the hell hole that America has become anyway.
@@johnvictorengland7703How can America treat guest to our country like terrorist when we have all the terrorist right here. Decades after 9/11 and those who are killing Americans are angry white American men. And what is so evident in the decline of America is that there is no will to stop it.
@klkconklk8411 I paid for a lawyer to take me through the process. It was long time ago and I couldn't tell you the exact amount but probably a couple thousand dollars.
I am from Ontario, Canada. I left in 2005 and moved to the USA. Then I left the USA in 2014 and now I am living permanently in the Philippines. I am here on a retiree visa (SRRV). I am very happy here.
Welcome to our country and thanks for choosing the Philippines! By any chance, do you invest in award-winning (local) startups?
I got out of USA in 2008 due to the FC and job opportunities. Taught English in S Korea. Have expanded income and jobs all online or on site across Se and East Asia. Now building a nice house in Nha Trang Vietnam. I also have holiday appartment on Jeju Korea.
My advice for all think globally for your best opportunities and dreams.
Do you speak Korean? How does one teach English to Korean's. I am just curious because I have my second home in Philippines.
@@davidtesler1198 kinda funny. Esl teachers are all over Asia and the world. No, you dont need a foreign language. Students have lvl from preschool to adults in English they need. And most the time you have a local teacher working with you.
Plenty of filaphina women in Vietnam reaching English and they dont know Vietnamese.
Vietnam is it that somewhat communistic ?
@@Johndoe-qn9jr maybe the USA will invade vietnam again because its comunist........
@@Johndoe-qn9jr 😅 yes it is a communist country and there is some bureaucracy to get in. Other than that it's similar to other countries, the people are friendly and pretty happy.
I live in Cali Colombia been here for many years.never been robbed or threatened. Was robbed in Orlando and Miami,,,, London has 268 cell phone thefts a day……. Go figure
We are in the starting phases of planning our escape, things have taken a bad turn since I have been in the U.S. People do not have any common decency anymore here in the states and when you finally realize that nothing will change it’s time to move on and don’t fight a struggling ship going down.
Left the USA 16 years ago and my life has improved dramatically. After much research we chose the central highlands of Mexico. Away from the beaches and “the blast zone “.
Most Americans are 2nd or 3rd generation citizens. Their families left their home countries to find a better life. Why is it so difficult for them to see that it may be time to do the same thing now? 🤔🤷♂
We can go to another county or state to escape the lunatics
Settlers be settlers.
As an immigrant myself, you have a good point. Idk why I feel so pressured to live in the UK.
EXACTLY! Thought I was the only one thinking this. Supporting a Multi Polar World providing more opportunities.
here's the little secret--when that happened, the USA was starting the industrial revolution, Europe was ravaaged by The Crown, the aristorcricy and there was very little hope for the future. the potato famine as it's known, forced many to get on ships for work. at the time, ireland had 8 kids per family. now, it's a dying country.
To your point, many think the usa is the land of opportunity, you can make anything of yourself & become rich even though poor family. that's true, but in the last 12-13 years and especially the last 2.5, the culture has chnaged, the uncontrolled migration has changed the country for the worse, the taxes, the attack on merit & wealth. it's stunning
Yes, there will come a time when the wall they're building at the border will be to keep Americans in, there's a strong likelihood that mass exodous will happen with a major event like famine, food shortages, riots.
I live in a very wealthy area. I know several families that have been preparing to leave. they are quietly moving their money overseas and they say "we aren't too far behind".
This is what's going on
Maybe you haven't been watching the news in Canada. It's not safe to ask kids not to blow smoke in your face at a coffee shop in Toronto. Not very safe to walk around Vancouver either. In case you haven't noticed, violent crime has been on the rise across the country for the past 8 years and has spiked in the past 3. It may be Canada, but it's not the one of 20 years ago. It's changed.
Vancouver is pretty safe.
@@architecture.w I moved out of the Lower Mainland in 2006. Grew up there. I can assure you it is not.
Thats why I left Canada in 2018, Canada is still regarded as one of the best countries to live but not for me, its incredibly boring, dull, cold uninteresting ...and expensive
@@theozchannel6253 incredibly boring 😂😂😂
Vancouver is quickly becoming San Francisco
After watching your videos for the better part of 2 years it is getting harder and harder to stay in the us. I spend a lot of my free time thinking about an exit plan and how I could make life work in places like, Romania, Serbia or Bosnia. Maybe even Latin America. The United States has just go fucking nuts and it's no longer worth it to "stay and fight"
I agree 💯🎯
As a 56 year old vet, I'm sadly coming to the same conclusion. Half the people here have been convinced to hate the other half. So many people overweight. Not much culture. Big Pharma has convinced everybody to be on medication instead of dealing with the root of the problem. Rampant drug use. All the silly woke bullshit. Realizing I wanna see the world and expand my horizons!
"No cultural friction to help you improve..." Well said. I miss this from my younger days.
I have been living in La Candelaria, the city center of Bogotá since 2015 nonstop and travel all around the country all the time. I never had a single issue and I use my phone and also use expensive camera gear.
It depends on the area you're living but you have to have street smarts in Bogotá for instance if you take a transmilenio you have to hide your phone in your pockets and you're gonna be constantly bothered by people getting on selling their products or beggars because of widespread poverty in the city and the crappy salaries most Colombians make about 250 to 300 dollars is ridiculous. Bogota is a mess of a city you have to make at least 1000 dollars to live comfortably, most bogotans just dream about buying a new car or even traveling to another country they just barely make ends meet I invite you to visit the less privileged areas in the south for example usme ciudad bolivar bosa and you'll see the harsh reality most Europeans and Americans live in a bubble and don't have the foggiest idea about how actually common people live, for a foreigner who earns an online income in dollars Colombia is a reasonable option but for the vast majority of Colombians facing poverty and being slaved away this country is hell
@@wilsonmejia6805 I always take TM or buses and never had an issue, also working on my phone constantly.
I personally also live far below your mentioned threshold and do not have a bad life.
Yesterday I just walked back from Carrera 22 con 9 to la Candelaria at 10pm, no issue at all.
I do not say never ever something happens here but usually for Colombians it seems that almost everything and every place is dangerous and this also does not reflect reality.
@@COLOMBIAFRANK don't get wrong Frank I know there are some people who live a decent life in Bogotá but for the majority is a pretty stressful experience they live in the city slums and have to take public transportation every to commute to their jobs it could take 2 hours and Colombian wages are a joke you know it even for people with a college degree and fluent English a friend speaks 4 languages and is stuck in a call center making 500 dollars what I'm trying to say is that Colombia is such a difficult country for most of its population
I am not an entrpreneur but your book changed my life and your wisdom and youtube videos have motivated me to truly make a better life for myself. Your advice and information is a major reason I am getting better educated and researching opportunities abroad. Thank you Mr. Henderson and God bless.
Thank you.
Thanks for making content like this. It's really helpful!
Like clockwork, here we are again. Thank you for your content
Glad to have you.
I have immigrated to Canada 14 years ago and let me tell you, it has become a nightmare. Many of my friends and acquaintances moving back to Europe. The potholes in Canada getting bigger, taxes are rising, totalitarian left is unbearable, housing is not affordable, wages are down and most of all crime and homicides is present everywhere.
socialist country controled by W.E.F. , same in west south and north europe
but, racism and fairness and equality and ...
🤣🤣🤣
🤣🤣
I immigrated to Canada 7 years ago from France, and now looking into moving to South America. Canada might have great before but now they're hand in hand with the US and freedom is disappearing
"Intentional lifestyle" wonderful phrase that says it all.
The "blast radius" very interesting term! You make an excellent point Andrew. Investing millions of dollars in a bunker in the US is not a wise long term strategy. You make an excellent point about having residency in a smaller country in the southern hemisphere that minds its own business.
Not with australia following usa footstep banging the war drum against china. 😡
@@harukrentz435 The Southern Hemisphere includes South America also.
Living overseas makes a lot of sense there so many beautiful places to to live. We’re all humans trying to survive
You're right Andrew!!
Thank you Sir
Yes, it comes down to learning how to empower one's self to be in a position to select the most appropriate social contract, according to one's circumstances.
Andrew thank you thank you thank you for this video!
Always great content. Thanks for your video.
I appreciate that!
BEST WISHES TO YOU
I really like your videos. I am a barber and I have had customers from all around the world. I have traveled to China, Japan, Portugal Mexico many times. I would like to have a few small places outside the United States or at least one place States. I have never been to Casa Rico but have seen it on TH-cam and think I would like it. Funny saying I was talking to my customer from Ecuador and he was telling me if I wanted to go down there and visit just to let him know and I ask him is it safe down there. And I was cutting his hair then he looked up at me and said, do you mean more dangerous than here?? I had to laugh
I my hit you up for a haircut.
Andrew, I am not in shape to leave the US. But, living here is making me angry and cynical. I'm at the point of enjoying the decline. Like the French chatting in cafes while the riots go on around them.
drink some milk. or what else do you need to get in shape?
@@rollafevercaps1952 hey, that's funny.
Opportunity lost for somebody else, opportunity gain for people like u
Being angry and cynical will destroy your health. You don't need to be in shape to get a passport. You don't need to be in shape to ride on an airplane. Take a vacation.
Haha I feel the same way. Let it all burn down and then society can try picking up the pieces.
Excellent! Love yr work. 🎉
Thank you very much.
loved the vid, appreciate it
Thank you so much. Trying to figure out where to go.
I really like your perspective. inspired and subscribed
Welcome aboard!
Thank you.
I'm glad I found you.
I friggin LOVE this channel
Thank you.
@@theandrewhenderson
🤣🤣
Sound analysis!!
I always chuckle at your thumbnail pictures. :)
I'm waiting for the copy of your book I've recently bought. Building a business so I have the money to achieve the ultimate freedom. Thank you for all the free content!
You're welcome.
I always laugh at people spending millions on doomsday bunkers somewhere in North/South Desertoka instead of investing and moving to countries that have a near zero probability of getting nuked.
great point. a lot of them are probably engineers who cant to the math. Thanks for sharing.
You did well Andrew ! You are different.
I've been living on Ilhabela, Brazil, for over thirty years.
Knowledge!!!
Excellent points, so much depends on what you want/need in your life. Many years ago I read a Health book that stated the single biggest change to your longevity would be to live in a country with quality affordable healthcare with low crime rates. The list is probably very outdated, CA, SG, JP, KR, NZ, AU, EU.
“Culture friction to help improve”. Wow. Love that
Reflecting back, traveling in the past is when I had large personal growth
The same thing with taxes happens in Greece many people want a passport and a new tax location.
Grass is always greener on the other side of the fence.
What about those of us who aren't wealthy? Any pointers?
Read the countless stories for inspiration of "I left my country with x amount of dollars in my pocket and the shirt on my back." Or watch a live cam feed of the southern U.S. border 🤣
@@Learned333 😆 🤣 classic.
Cartagena Colombia and Costa Rica for me
9:15 Regarding Tbilisi, it potentially has a security issue, that Georgia is neighboring Russia. Russian troops already came close to Tbilisi in 2008, when they decided to withdraw. Next time they may not
It already has problems with Azerbaijan instigating problems. At this point why anyone would want to live in a former USSR territory sandwiched between Iran and Russia is beyond me.
If Georgia doesn’t go the way of ukraine and let’s in american military / attacks Russians (like in 2008), it is completely safe. It is not historically Russian land so no one there ever thinks of attacking or annexing it
That was yet another attempt of US proxy war against Russia ...same as Ukraine. Are you ok with putting Russian missiles in Cuba? There was this guy named Kennedy..... Completely justified. Some are kings, some are pawns - know the chess board. Who has 750 military bases around the world.... as Biden would say "C'mon man!" lol
I live in a small European country: Norway. There is a wealth tax in Norway plus everything here is very expensive.
Your are sitting on top of a very important area of expertise but quite frankly your presentation and demonstration of the cultures in different countries is is quite indicative that you have seldom ventured past the business districts or done much to really understand the local mindset. Don t get me wrong. I love your channel. Reading through comments , I notice many of your followers are 40-50 somethings divorced or never married. entrepreneurial north american men, aside from taxation etc, can do QUITE well in the dating market in places like Mexico, Colombia, Eastern Europe (developed Southeast Asia) etc. another facet of (rustbelt) North America that has become intolerable......Keep up the great work!
This guy gets it
❤😜❤
I enjoy the things you say
Thank you, Sam.
I decided to rent my house is Miami that’s paid off for 3500$ a month for a 5 year period and live overseas renting a 300$ apartment with my pension and my rental passive income I will be able to save close to 300k in a 5 year period. It’s been impossible to save money with me living in my house and my 3000$ a month pension. I will be 56 in 5 years then then I will decide to move back to america or to sell my house and live better overseas
Just don't wait too long before you get a squatter in the house that refuses to leave and the police support them being there 🤣
Parts of Miami will be *UNDER WATER* before then
Good luck
😜
How safe can a regular person be in L.A. New York, Chicago or San Francisco for example? Portland, Seattle, etc.
El Salvador right now is much much safer than many big cities in the US
Incorrect
@@yurig2530agree with this- I live in NH/MA and it’s safe
A lot of places are safer than the cities that you mentioned but El Salvador is not one of them. Dallas, Houston, Tampa and Jacksonville are also less safe than the cities you mentioned
min 14:11 sounds good!
I’ve followed the maternal death rate in the US since the early 80’s. We have been around number 32 in the world for decades. It’s a sad thing and getting worse.
Interesting) I left Russia 7 years ago and move to USA and I love this country, pay my taxes and enjoying freedom 😎
Don't read the ingredients on anything you buy to eat. Pretend it's just a bad dream.
@@Raquel-op6xo 😂
“That bubble is probably strangling you” 😂
Greeting from Uruguay, an excellent place for wealthy individuals who want a good quality of life and stay away from the blast and out of sight
Here is a massive difference living alone ir with a family with kids and animals. I did both... Currently in Spain with kids, 12 ducks, dogs and 2 rabbits....
Come back to the US tax net. We miss you!😮
Lol
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.
--Thomas Jefferson
@1:40. “High and ultra high net worth individuals”. I wonder what constitutes “high”? How much net worth should I have to use your services?
Vanuatu sounds more and more inviting.
Maybe just for the passport. Hope over the Indonesia/Bali for living.
Where else are mass shootings so routine that most are forgotten within an hour? Why would anyone ever want to leave such utopia?
Very underrated comment
Totally agree
Have to at least look to see if the grass is greener on the other side or not.
"If you want the bubble, you can have it"😂😂😂❤ classic 🤣
I am from China. In the past Chinese want to go to US and all the legacy countries. Now, there are more people interested in South East Asia and middle east
Achieving upward mobility from slums is often hindered by the prevalence of crime, which poses significant challenges. Severe injuries can incapacitate individuals for extended periods, impeding their ability to overcome such circumstances. Even affluent communities are not exempt from violence, physical assaults, and toxic incidents. Consider the fate of children raised amidst lead and arsenic-contaminated environments-regardless of their socioeconomic status, these toxic exposures can shape them into individuals who exhibit monstrous behavior. Regrettably, there are instances where escape seems unattainable.
I enjoy your videos. I have a question. With the upcoming rollout of a central bank digital currency, Cbdc, how will this affect your plans and ability to live in some of these areas? The articles I'm reading talk about throttling your currency to adhere to carbon credit scores and overall reduction in spending. I'm curious to hear your thoughts.
They won't throttle my precious metals, land and livestock.
That is a very good question.
Guess after watching your video we are doing something right. Live in Malaysia, store our assets in Singapore, work in the UAE. Thank you for the tips.
So glad to hear that!
Colombia is safe.I have been many times in the past and I traveled everywhere alone by myself.I took buses , mini buses , taxis so on...
Colombia is large.
What cities you referring to?
❤❤
What a Queen.
If you had a US holding co that owned several successful businesses, and you perhaps only visited the general managers of each business 5-6 times a year (2-3 day office visits), which offshore location would you live considering travel time involved in heading to 5-8 times a year. And what would you pick if those businesses were the UK alternatively. Thanks
Thinking of leaving Canada but I am torn my family has been here since the beginning , we have contributed to in many ways to build this country , now it turns on old CANADIAN families , and I am thinking very hard of living abroad .
having live through the hell that is being a citizen of a south american country I personally would stay as far from south america as possible, although theres many good things about living there, especially if your income comes from outside, but politically and economically theyre not as good as many think, and well being taken hostage, and kidnapped in my home country I wouldnt say theyre safe at all
Im from Costa Rica and going to countries like Colombia i always think that if i can invest my money here so that i can get a good costarican salary remotly i will move all my stuff to there because is chepear i live well in costa rica but i know that with my actual salary i could live like a high class citizen in Colombia
En estos momentos hay empresas ofreciendo trabajos de forma remota ganando en dólares si su nivel de inglés es de un 90% puede conseguir un empleo como vendedor de software y los salarios rondan los 1500 dólares o en el área de programacion hay ofertas de 3000 hasta 9000 dólares y en un país Colombia es posible vivir muy cómodamente inclusive invertir en una propiedad que genere buenas ganancias de alquiler puede costar 100mil o 200mil
Brilliant!!!! Did You Renounce Your American Citizenship????
I m American and proud of that !!!
Yes, yes the same pride that sunk the Titanic. Lived here my whole life. Horrible, the decline on so many levels.
I don't want to live in the US anymore also. It's a mess.
Technically everywhere is overseas to somewhere else!
True
Soon moving and setting up my business in Dubai! Taxes here in Norway are not only hurting the rich, but also the middle class such as myself. I paid around 60% all in all directly/indirectly (employer, vat, income plus more). Can't wait to free myself of an inefficient and terrible public sector plus taxes
Would you be willing to be interviewed (anonymously if you want) about your move? Sincere request. TD
That is stupid. Would never leave Norway to go to fake Dubai....🤦
It's nice knowing if the country you move to doesn't work out for whatever reason, you can move back to the safety of the US!
"The safety of the US" 😂 brainwashed
It's one of the worst countries in the world imo. Lived there 2y and never again
😂
Where can a person go that will survive the crash of the dollar and that produces enough food to feed their population through the looming worldwide food shortage? I don't care about taxes.
If you have KIDS, what should be taken into consideration is the fact that you will lose the Child tax credit and will not be able to declare them on your IRS tax return. I learned this the hard way. Maybe you should consider doing a video on the subject. Thank you. Love The Chanel
I think I’ll just send this video each time I’m asked: ‘wait..why did you move from the states?! Are you safe?’😏
Thank you.
Hard for me is my family. I want to be near my adult kids and my grandkids. How do I just leave them to move overseas?
FREE.. HEALTHY.. HAPPY.. 💖🇲🇾
Malaysia indeed a promised land. Rich with Milk and Honey 😊
I have the german and spanish passport. Also I have panamanian residence with option of panamanian passport.
I think about to take Spanish and panamanian nationality and leave the german.
Don't know if it is an good idea to diversify passports in other region?
how do you visit aging parents after expatriating
Ain't going back.
To “Amerika”?!
@@huwhitecavebeast1972 🤣
I am just so tired of the government drama in the US!!!!
Andrew, it will be interesting to hear your view about the new tax reform proposal in USA, 30% sale to eliminate income tax..Looking forwards to a new video to hear your thoughts on this.
🤣🤣
No
Germany was defeated in two world wars, yet its GDP per capita/standard of living is much higher than any South American country. Just something to think about.
What’s happened with Georgia?
"if you want to avoid the blast radius" 💀
The whole world is safe and Un safe depends upon your luck 🤔🤔❤️
Andrew,
Always ready to move to another country on a 5 minute notice.
The real Raymond Reddington...!!!
Please do a video on firearm ownership freedom overseas....