Why You Should Leave Your Country NOW
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- เผยแพร่เมื่อ 17 พ.ค. 2024
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In this video, we challenge the conventional notion of settling down in one place for a lifetime. Join us as we explore the benefits of embracing a nomadic lifestyle, from financial opportunities to personal growth. Discover practical strategies for splitting up your time between different locations, avoiding comfort in one place, and planning for a future that's not tied to any single country.
Whether you're a seasoned traveler or someone seeking a change, this video offers valuable insights into living a more dynamic and fulfilling life beyond borders.
00:00 Start
1:04 Advantages of Living in Multiple Places
2:43 Splitting Up Your Year
3:20 Avoiding Comfort in One Location
5:52 Geographical Solutions to Problems
8:49 Asset Protection and Freedom Planning
12:31 Planning Your Nomadic Lifestyle
15:09 Letting Go of Past Loyalties
Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best."
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Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
Having been nomadic for 15 years with my business, I found that having a home base plus 2 other places I spend 3 months in per year is the best set up. Mix of city life and nature.
Moving around every month is a young man's game.
How do you handle the mail from the other 2 places?
@@deusvult1268Likely fully digital or has three mail services that open the mail and scan it to him
Go paperless. Have mail forwarding service.
That sounds like a well-balanced approach!
@@adrianalibre4876
Go a bit more in depth about how that works. Thanks
How many of us have courageous ancestors who left their home country for a better life that WE benefit from. Show that courage to your grandkids & generations
My great grandparents did and I'm reaping the benefits of it.
@@professordumbledore369 Many were desperate...great motivator...
Most of the white Americans, black Americans, Asian Americans did
I've followed the sun for nearly 10 years and it's the best hack there is. Optimize your surroundings optimize your life!
Andrew, this might be the BEST video you've ever made. Bravo!!!!
I have lived in Korea and Germany. Andrew is spot on.
Which one is better?
The USA isn't what it was 50 years ago. I want to get out. I want to travel and explore.. and find the places that fit me and my life. 3 mos at a time sounds good.
I agree with you 100% I have lived in 4 countries and over 10 cities in the past 25 years and I feel like i am just getting started. My kids are already exposed to that and love it. I always say that home is a feeling not a particular place 💯💯💯
Nostalgia is a dangerous emotion, it will hold you back
It can be for some. Like everything in life, it depends on your perspective
Nostalgia for what? Opportunities you miss? Girls you can not afford? Comfort zone of mommy tits? What is nostalgia?
Move to a place just for money and never be able to integrate because always prefer native friends …
Yes I agree Nostalgia is dangerous
Yes I agree
Moved from the US to Colombia 2 years ago and I'm never going back, permanently at least. I visit the US for a month or so here and there, but South America is much better. I'll be getting the Colombian passport in the next 2 years or so and I can't wait
Is it 5 years to obtain it?
lol it’s the new move
I am tired of all the endless drama between parties in the US. It gives stress that is not needed. I'm so excited to get out later this year. I completely agree with Andrew on his mindset it's just so true. I'm not loyal to any country or company. They dont care about you. Find a place that has a good lifestyle for you to live a happy life.
Problem is that reality who farms, grows your food, and beef and chickens if you don't live in one country. It takes many years and even decades to develop an successful farm or ranch, you cannot just pull up the farm and plunk it down in another country by just rolling out an carpet outside
I spend a third of my year in Asia. It's a great quality of life, no matter how much money you make. The people, the food, the services, the weather.
A third of a year in Asia sounds about perfect, weather-wise.
Where ya at bro?
which countries can u stay many months w/ visa or visa free? HK for some Latin American tax resident offers only 30days, Taiwan max 90 days to stay, Malaysia 30days, China usually offers 30 days but I read about people can extend to 60-90 days max unless u visit your relatives/wife/kids (many kinds of visa like S1, S2, Q1, Q2, F, etc). Can we share our own R&D on how to easily get visa or Visa-free to stay in many Asian countries easy?! HK, Japan, Singapore is more expensive than the rest of most Asian countries, so maybe minimize to stay there just for saving some $ (if $ is not an object then it's fun but getta speak some Japanese/Chinese b/c Japanese most don't speak English/Chinese). Taiwan, China, Malaysia, Thailand, Vietnam, Philippine, Cambodia, etc are all much cheaper and culture/people are so kind compare to USA - life is fun in Asian/Europe/S./Central America or ELSEWHERE compare to USA :)!
@@Ngan-zy9kd For Cambodia, a visa on arrival can be gotten for $35, and then easily extended for up to 9 months, then have to leave the country, and can do it all over again.
OR... if over 55, the initial visa can be extended into a retirement visa with NO CONDITIONS (just have to be over 55), for around $300 per year, indefinitely.
Fortunately I do live a nomad life. I move every four years as a diplomat. It really is fabulous!
Hi, im a high school student and I’ve been really interested in foreign service. I had a question regarding it and I hope you can answer it 🙏🏽. Can I for religious reasons refuse a post in a country/city that doesn’t have Catholic Churches nearby since for me its a requirement in my faith to attend weekly. Thanks in Advance
@@darkempire6050 I am actually not sure if you could refuse it or not. It is all based on the requirements of your country's foreign service postings. I suppose you would find Catholic Christian churches almost everywhere. I don't normally choose a posting if it doesn't fulfill my needs! Being nomadic is a means of sacrifice and having to live outside your comfort zone. Its not for everyone but for those who are willing to take the risks for rewards!
You don't need to be millionaire to follow this kind of life, you can have kids, as long as you like doing it, you'll find a way. Changing place gives you also a different views of human beings and ideas to create businesses. Blessings from São Paulo this time Andrew.
Com o real está difícil
Absolutely true!
Andrew, this video opened my eyes and definitely gave me an aha moment. Right now, I live in the US in two places and 2 months a year out of the country. When you talk about 3-4 areas and following to sun, is it best to own or rent. Love your content!
When l was younger, l prefer the metropolitan areas. As l grow older, metropolitan areas are less desireable. I can go where ever l want at where l am now. The green nature, the white beaches, diving or snorkling all here. Some people are attached to their hometown and like their creatute comfort.
Great perspective as usual, Andrew. Once financial systems are more decentralized, all of this country hopping will be easier. We need full permissionless control of our own money.
This is one of your best videos, Andrew. Thank you for your continuous inspiration and hard work.
Glad you enjoyed it!
I love Andrew's channel big time. So many people come here and complain about money, poverty in their lives and so on. Some even come to criticise him, what ie really funny to me.
If fact, he never monetize his channel, thats what most of people never appreciate. He is inspiration for some who willing to succeed. If you don't get it, curry on with wher you are
I like how you used Cleveland at the beginning as the example of they city you don't want to die in.
So glad you are posting again! Love watching your show!
Great video! We are just starting this journey. I love the way you think! Can't wait to meet you in Malaysia.
My husband and I are retired in the US and spend our whole life there. We love our country the way it use to be but things are changing and at our age we need to change to as hard as that might be. We have temporary residency in Mexico and spend a lot of time there. In a couple years it will be permanent. We at the present time, spending 3 months traveling around Europe and seeing where else we would like to live. We have already been to Spain and now in Italy. We are going to Croatia tomorrow and Eastern Europe in the coming months. Our goal is just like Andrew said, and live outside the US most of the time, maybe going back every 6 months for a month or so then heading to new countries. Slow travel is the new term and we are excited to explore. Thank you Andrew for you help with getting us off the pin and doing something about exploring this beautiful world.
Well Said, Andrew!....People change , Countries change.....Go with the Flow......Thank you....
Hi Andrew. Please consider creating a matchmaking service for nomads who are seeking to relocate to a better country and have potential mates available to meet there and eventually marry (for real), thus accessing one of the ways of obtaining residency/ citizenship. It will be a win for them, a win for their mate (creating a real family), a win for you (matchmaking fee).
That was some of the best advice I have ever received. Thank you!
I'm glad you found the advice helpful!
Thank you so much ! Comes just at the right moment
Best video yet, Andrew! I love the passion. I’m balancing my time between Puerto Rico and California. I’m gonna start checking out Spain and other parts of Europe in the summer. I’m coming to see you I’m hiring your services when I’m ready to pull the trigger on the residence permits. Keep up the great work!
Thanks for the kind words! Exploring Spain and other parts of Europe in the summer sounds like a fantastic plan.
I'm from Singapore and have temporarily lived in Chiangmai for 2.5 years now, best adventure for my life and my kids. Yes, I'm looking to stay around different countries next stage in my life having Singapore as my base.
The ONLY channel that makes sense and offers ideas/solutions. Thank you Andrew!
Thank you for recognizing the effort we put into providing valuable content!
Honselty, more then the money or anything else, what appeals to me about all of this is the element of adventure. I want an adventurous life.
Agreed.
Your friend that spoke about the diner is exactly where I've been for the last few years. The employment market in Canada is horrible, I want to expand and see other places and find what is right for me. I appreciate your videos, keep up the good work!
intereting post, I have been thinking about it the last few months
Love your channel, and showing the world the options of living where we are treated best (to borrow your very insightful term) 😊.
Resided in 6 different countries, way easier to sustain the trifecta as an empty nester. Retirement goals will be Malaysia, Singapore, Australia & UK. Like you say follow the Sun!
I think it is one point of view. In other words, living among different countries sounds pretty tempting. Of course, it does. I did. Currently I live in one place. I am finding it peaceful and deep in full. I love it. Anyway I did try both. It is up to you. Nobody is wrong.
I don't have much money, but have always moved around. Lived in cities and rural areas. Spent the past few years living between Dublin, Ireland and rural France ( I am Irish). Now have settled full time in Dublin and miss rural life. Working on setting it up so I can rent my place out for a couple of months a year and go somewhere in the sun with a slower pace.
The standard of living in the US and Canada has been stagnant since 1984. That should tell you something. Cheers from 20 happy years in Vietnam.
I lived in 4 countries so far! This week going to my 5th. I'm exploring to build the trifecta and understand taxes. I also love following the Sun
That's so exciting! Traveling and experiencing different cultures is such a valuable experience.
@@nomadcapitalist thanks for all the content
I always get a kick out of people counting the number of countries they've been to, lived in. Same with US states. "Been to all 50 states!" like that's something important. Countries change. I've been to Vietnam 2 times. First in the early 1970's when we were trying to kill each other. And last year when we were trying to marry each other.
What matters is the current situation in a country and for the individual.
Another way to look at it is why can't a person find "the best place". It's the paradox of choices problem. I don't actually have to visit every country, every island, every city in SE Asia to pick a good spot. Then I make my life there. People wanting the place to make them happy is likely to be disappointed.
@@waterbug1135uhh many people don’t really travel outside their bubble so
@@waterbug1135 there is a difference between travelling and fully living in a new country!
"Godzilla is coming to Singapore!"
Hahahaaaaaaa!
I love it!
Nomad Capitalist, you rock, dude!
Thanks for all you do to educate us about things that matter.
I would personally run to where The King of Monsters is at!
@@irvingflores4137, hahahaaaaaaa!
I grew up with Godzilla. So he feels like a best friend to me.
Inspiring and so true! I am planning to make that step this year finally! starting with Asia🤞thank you
That's amazing to hear! Best of luck with your journey, you got this!
@@nomadcapitalist thank you so much Andrew!! 😇 it means a lot.. 🥰
Live in Medellin, watch you religiously - come visit us in the mountains
I live in Algeria and US.
This is one of your best, and believe me, I've watched a bigly proportion of your videos. Excellent.
Great Advise!
One of the better episodes in months that middle income people can take away from. 👍
I have 4 kids. Living in country #4 now, looking to make it #5 later this year. We do not have enough money to be one of Andrew's clients, not even close. We are just normal people, single income household. It absolutely CAN be done.
Your home looks Sublime.
The aesthetics are fresh and elegant.
That looks awfully like Majestic Hotel's suite in Kuala Lumpur where the last Nomad Capitalist event took place last year.
I like your point of view on this topic but I feel like the ability to live in many places depends also a lot on your expertise. For example, if you do some financial consulting 100% remote, it is much easier than for me. I work in automation and often, it is required to be close to production site. I could start my own buisness but I can't just do 100% of the things remote in most case so i feel like doing this in many coutries would be interesting but also be extremely harder than just another remote job.
I wonder if you have any suggestion in how to appoach a nomad way of working also because I think it is one of the point that block the most people.
Such wise and well spoken video!
I been saying many of the same thing my whole life. Unfortunately, it has always been poorly received and understood back in NY where I’m from. Keep spreading the good word sir!
Well said!
I finally grew some balls about a year ago and moved from the UK to Korea and its so much nicer here and i plan to maybe spend a few years in Australia. Life has changed forever for me and the world seems more open to me and im more free.
This is such great advice, not just for financial benefit, but for one’s attitude to life. Many thanks for the inspiration!
Glad it resonated!
Loved this
Absolutely correct 👍
Good point of view
Congrats Nomad Capitalist on 800K subscribers!
Thank you! 😊
Gold info!
I am definitely not high net worth (maybe 500k in retirement account) and am probably outwardly the political polar opposite from you, but I really appreciate your videos because it is something I have been thinking about in retirement. I am 56, I work in tech and have the option to work remotely so I have been considering becoming a digital nomad as my children are out of the house in college. I think so many of us buy in to the trope that because the USD has been the leader and standard for so long that it will continue to be and that somehow that means we are still on top in so many other areas. So many other countries even in the throes of financial issues have far superior infrastructure. I took a vacation in Greece when their economy was tanking and they weren't sure if the EU was going to bail them out. I rented a car and was kind of expecting that their roads etc would be crappy but they were so much nicer than the US. I currently see the US really has no way out of their current strife, 1 half of the country thinks the solution is authoritarian because 'people can't control themselves' and God will bail them out and the other half believes in personal freedom but are so disparate in their financial solutions they ostracize the folks who are more concerned with financial freedom. I prefer the personal freedom side as that has been the standard to move forward in the West and our markets and worth of our dollar relies on that stability (no strongman can MAKE *free* markets do their bidding), it's all in perception IMO. So I love your take and really appreciate you offering your general advice for free on TH-cam. Though I can't use your services, the next time I'm talking to someone with over a million net worth I'll plug your business :)
Thanks for sharing your perspective. It's great to hear that you're considering the possibilities of becoming a digital nomad and exploring options beyond the traditional narrative.
def. second your thinking. I lived 12 years in Japan, one of the more difficult placements for a female, but would not trade it for anything, absolutely broadened my perspective, matured me, and changed my approach to life for the better. You might consider some physical gold/silver to hedge currency risks, depending. Or some of the international etfs or funds....but the best part will be the friends you make, the food and culture you experience, it will keep you young forever!
I'm a devout Christian but the Bible thumpers in the Bible Belt really scare me (lived there for almost 20 years). They definitely have an authoritarian bent to them. I started traveling a lot to Europe a few years back and was amazed how much more freedom they have (especially in Iceland). That's when I realized Americans have turned into control freaks. Never ending rules and regulations are rammed down our throats disguised as necessary for public safety and "the common good," and shenanigans are hidden under the guise of national security. The Founders must be rolling in their graves... especially freedom loving Thomas Jefferson.
I love this video! Thank you Sir! Looking forward to my appointment with your firm.
Hi, I think it might be even environmentaly more friendly to live in different places as you might not need to create artificially cooling or heating. If its hot go somewhere cooler and so forth . also follow the money and the good life too. Life is too short to be inflexible and unhappy.
If your retirement is not enough in USA or where you live then go where it is cheaper, it beats living in your car. I enjoy your show thank you for sharing really valuable information . Nomad for almost 40 year and I love it.
I agree with you.
Great point. You've touched on a significant underlying reason people don't make it abroad. I live in Ecuador, but many North Americans can't make it three years here. I believe it is mostly just because it's hard to live differently. "Island fever" in Hawaii is very similar.
I was born and raised in the Philippines 🇵🇭 and I moved to the USA 🇺🇸!.!.
LOL moving anywhere other than the Philippines is a better option. But the USA is also a sewer now.
The Perpetual Traveler is an excellent strategy if you can do it. I would be hiding from the sun ☀ not following it. 🌨
That really is a super power. Great video
Thank you!
Thank you
I love the strategy sadly the pathetic cdn dollar and being retiree...may not make it feasible..but I wish you continued success 🎉 amazing strategies
On a Canadian retirement you could live in many countries with healthcare just as good or better with a much better quality of life and lower expenses…
Ask yourself : are you getting a good bang for your buck living in Canada ?
Don't lose hope. A retiree from Canada can do it too. If your priorities are a better climate and community and less about a big house and property it is within your reach. Explore. Travel cheaply to find where youd like to live. Buses in South America are bountiful, COMFORTABLE, cheap and well organized. Europe, wait for a cheap fare to London the take the train anywhere you'd like in all of Europe.
About property: I'm beginning to see if I had accepted just renting for the rest of my life I would've saved a lot of money. It's like a car. I can't get it through to myself that I don't NEED a car here. I am saving a ton of money not having one but as an American cars are in my blood.
If you find a cheap but wonderful place to live, the mountains in Panama, for example, renting, without a car, I guarantee it is within your grasp.
Awesome! My kinda life!
Please talk about the up and coming ETIAS requirements for the EU. Thank you.
We did; th-cam.com/video/L3b4plKgUV8/w-d-xo.htmlsi=KIHhAR57JxTsXZpa
Andrew you are the best inspiration for young lads. Thanks
Thank you! It means a lot!
Andrew you were right about pretty much everything just look at this place now(USA). I want to exit in the next 2 years.
My son and I already have U.S. passports. I've recently gotten my Brazilian passport and am working right now on getting my son his Brazilian passport as well. Thinking about getting a place in southern Brazil and also the Patagonia region of Argentina. The US is going down fast, but things are looking up in Argentina. Time to "get out of Dodge."
Ireland over Dallas! Texans appreciate that shoutout more than you know.
Why though! Dallas seems like a much better place. Ireland looks depressing and gloomy.
Dallas welcomes all, Ireland has protests against foreigners "pushing housing prices up".
Tax reporting is a nightmare when moving countries.
It’s actually quite simple and you can easily find a good consultant that will help and it’s not a big expense compared to potential gains 🙂
Where you live isn't just about not paying taxes for most. If all you need is cheap booze, a beach, young girls in a country that is so poor they'll go out with an old man, and cable then ya look move to another country. However if you have family who you want near, if you want cultural entertainment you can relate to, if you want to live outside a bubble, and if you want to help the country that kept you safe and possibly helped you get an education by paying your share of taxes then this might not be for you.
Another great video brother 👏🏼👏🏼
Cheers from 2 Canadians 🇨🇦 living in Mexico 🇲🇽✌🏼❤️
I really appreciate this video! ❤
Glad you enjoyed it!
Aren't respect, loyalty, service, etc... dynamics a two way street? Why would I give these things to a person or an entity that treats me with disrespect, offers less service, no loyalty?
Being a nomad is a dream of mine.
Single retirees with children grown and grandkids, and fear of no pain medication as I struggled my whole life and now Italy calls, how do i ?? Well if I lose the place I rent now in Canada, I will find it necessary to move or live on the street, pension too
I understand the idea that changing your scenery regularly can be beneficial, jumping to new experiences. But as a single person looking for a partner, I've found that being seen as someone who frequently moves from one place to another can be unattractive. It's hard to convey stability and commitment when you're perceived as a 'grasshopper' in life.
Great video
Andrew, I watch and promote a lot of your content, but this one in particular resonates so well with me. Appreciate your candidness and logic on the subject, notably how so many of us formulate these imaginary, horrible "what if..." scenarios that sabotage us from making big moves for the better, by acknowledging and escaping the increasing oppression in our death-spiraling countries (Canada, in my case).
Meanwhile, while we soak in our proverbial native pots and lie to ourselves that there is no better place, the surrounding water continues to heat up to the point that it inevitably boils us to death.
Thanks for all that you do, and looking forward to meeting you at one of your events in the coming years, Andrew.
Thank you. Looking forward to welcoming you!
The one gotcha is that getting a residency permit isn't obligation free - it comes with potentially filling out a tax return which can equate to problems quickly. Having 10 residences available is great when the zombie outbreak happens but to get residency you tend to need to, by my checking anyway, have a place to stay that you are renting/buying. So no, I don't want 10 residency options if it requires having 10 separate homes (to maintain or rent). So pick a reasonable number, the 4/4/4 mentioned. Ok, four months in Ireland (by a scheme I imagine), 4 months in Mauritius (by a retirement scheme for instance) and 4 months in, I don't know, Thailand. In theory, I am non resident of all of them if I am only 4 months at a crack so no tax return BUT if I am 4 months that means I am over my typical 90 day limit for a tourist on one go so I need to get residency permit which entails potentially tax returns - also, to get those 4 month residency stays they will likely allow you all year but even though you are technically non resident on time stayed, you are resident by having the permit = tax return. Getting residency implies getting tax situated even if it is a minimal touch regime. So any country with residency based tax means you need to be really careful about spending even 3 months there (a tourist visa to NZ or Australia for instance) because if you want to be there for four you have to visa hop and leave and come back for your incremental month OR get residency permit (which won't happen in NZ or Australia). Then of course there is the residency 'tie' problem if places are taxed based on residency - if you are only 4 months no problem BUT if you have bank accounts (as advised) and a place to stay and a golf course membership you can be deemed resident and on the hook for global taxation. Its why I think its easier to think more in the 2 option place and they both need to be low tax places.
Sad
To only live in one place
Fear of the unknown is distorted and unconsciously named as "patriotism" or "love for your people."
Its depressing, would be cool to have a spot all around the globe its a dream!
Now I need to find a man in croatia I moved there atm love it. If things get too EU I'll go again...moment is positive and feels like 1990 still
Very good content.
Thank you! Glad you like it.
Please advise which countries won't sign Pandemic Agreement in May? Don't care about taxes.
Ive done the whole expat life, lived many countries. But to switch every 4 months to minimize any tax bill is not really living, right. Its hardly a quality lifestyle dragging suitcases to and from airports, etc. I may try the 2 country approach tho in time when I hang up my boots..
Can you please discuss more Caribbean PR and citizenship options outside of St Lucia/Antigua/Dominica/Grenada/Cayman? 🏝️
One can live anywhere, as desired. What is not advisable is to keep all liquid assets at the same jurisdiction of permanent (or most frequent) residency. It's too much vulnerability regarding local "authorities", especially in the unlikely event these CBDC monstruosities come to be a reality one day...
I really would like to hear your group's opinions of nomad gentrification! It's a subject of contention on social media, and a lot of the subjects in your videos align with the arguments made against immigration of premium income citizens to developing countries. I'd like to hear a response to this. Cheers.
What’s the real downside of wealthy people moving to your country (not en masse like the opposite is happening in the west, and they’re largely poor)? They buy a house the average person might not afford anyways, add capital to your banks, pay taxes and likely use far less government services than the average citizen.
I would love to live part time somewhere else but I don’t know what to do with my house in Los Angeles. I don’t want to leave it vacant or rent it furnished. Eventually I’ll sell and move overseas.
Here in Florida the snowbirds are very unwelcomed . They are rude disrespectful angry. Native Floridians look forward when they leave.😮
Very true can be done on low income too! I'm working as a tour guide 6 months per year in Europe then Asia
Could also do 3 months Europe cheap country in S Europe then 3 months Asia
I wanna earn more money but I'm capped in my job unfortunately
Love you
Andrew what about Western countries restricting immigration? I heard it's happening now in Canada and Australia as well as Portugal and Spain and Italy and Cyprus and the UK?
Argentina