Two First Steps to Escape the USA
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- เผยแพร่เมื่อ 31 ม.ค. 2021
- nomadcapitalist.com/2020/06/1...
How can you prepare to leave the US? In this video, Andrew discusses the first things you need to do before you can leave the United States.
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts 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".
Work with Andrew: nomadcapitalist.com/apply/
Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
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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.
I make very little, live off my Army retirement, but I enjoy your videos, so thanks for making them. I am married to a Mexican lady and live in Mexico, as my Army retirement check goes much farther here than the USA.
You're welcome, Warren.
The current administration after the $1,400 C 19 TAX FREE ...FREE supplement income, They will look at trying to pass $1,000 C 19 TAX FREE...FREE supplement income & IN ADDITION try N pass a $1,000 monthly C 19 income EVERY MONTH X REST OF C 19 months ...& 1 YEAR POST C 19 ENDS... also they were LOOKING AT $200 EXTRA social security income for all SS RECEPIENTS because current SS for many IS NOT ENOUGH !....they know....
@@mela6046 could you try speaking English?
Ex Gov Jesse Ventura did the same as you. Great job 👍
@@nomadcapitalist I will be moving to México soon.
Living in America is feeling more and more like I'm in prison and I dropped the soap in the shower.
............OY VEY.............lol
Well I guess the only logical question to ask you, is, why do you keep dropping the soap every time you 🚿 shower? 🎭🧼oopsies...🪤🌈
Remember this hilarious joke? - "We need to have a TWO WEEK lockdown in order to slow the curve." One year later...
You got a sweet mouth. ಠ_ಠ
Better book prison space in europe.i never3 hear of soap.
When you escape, never look back; so do your homework and get it right.
Your homeland is an accident of birth. Go to where you're treated best.
"When he reached the New World, Cortés burned his ships. As a result, his crew was well-motivated." -- Sean Connery as "Captain Ramius" in the movie "The Hunt for Red October"
I like the idea of a burning the bridge. However human being are still human, a complaint creature, unsatisfied etc. We always make a same mistake wherever you go. This is why I am a conservative, because we're not going anywhere in this life.
Not b every country welcomes newcomers.
Having left USA after going thru Katrina and lived in Europe, South Asia and the Caribbean I highly recommend people follow this Gentleman's free advice.
It isn't free advice. Most Americans can't afford to escape from the USDC corporation, it seems like it was planned that way.
So escaping America is like leaving a bad neighborhood, expensive state, a dead end job(Macdonald pay), negative people ,...etc
@@ravenone6255 Let me put it to ya like this.. The world is a big place for a reason.
Yes, escape is the right word. It’s an abusive relationship, and alot of ppl are realizing what it really is. The great reset is also the great awakening. It’s time to escape this abusive relationship with the USA
open an air b n b or guesthouse with a NIPA hut in Boracay beach...Phils when it opens up ... or guesthouse in Cebu city Phils...
@@mela6046 you should see how the Philippines is not any better. High taxes and they’re also part of the reset. Better check the site see whose participating.
@@jp.6087 everyone is part of the reset it seems. I’m waiting for the smoke to clear and see where I land
The best way is to do your research and do your leg work.
We are fighting a Globalist agenda, and it might be hard to find a safe place to bug out. So sorry to say, but I'm Canadian and don't know where to go.
Left California in 2017, been traveling to almost 30 countries looking for my new home. Thanks for all your info. 👍
wats ur fav?
@Belltown Daisy that’s because the Emerald City has turned brown from the homeless peoples fecal matter
@Belltown Daisy well done 👍🏻. I love Mexico 🇲🇽. SE Asia here😎
@Belltown Daisy Philippines 🇵🇭 the Island of Luzon. Baguio City now.
@Belltown Daisy thank you. I must say I am enjoying this different life.
It was down to Ecuador 🇪🇨 or the Philippines 🇵🇭. At least to start the adventure.
The 36 month tourist visa is very helpful 👍🏻
The People are so polite and kind.
( of course not all…. But exercise some caution)
If someone finished high school they can speak English fairly well.
If College or University degrees…. Then fluent in English. Many Spanish words have remained in the local dialect.
It seems the Tagalog language is a mix of Tagalog, Spanish and English…. Seamlessly blended together.
Interesting that the Mall’s are healthy and alive here. Pick your City. Be within walking distance to a Mall and 90% of your daily needs are there. Groceries, hardware, gadgets, clothing etc.
I Chose Baguio because it’s in the Mountains so it’s much cooler.
I’m close to the town center and walk everywhere.
Private Security and Police are everywhere and very friendly people. It’s a very safe city.
If you need a taxi they are everywhere too.
Generally very honest.
A huge Park in the middle of the town is a very tranquil place for daily walks😎
…..and no one…. I mean no one is smoking brown “H” on a public bus 😔…. I watched your “shorts “ on your channel. Heart breaking. I lived in the Seattle and Bay Area…. Witnessed the decline…. Decided to sell everything and travel 🧳
…. PS…. The food is better in Mexico 🇲🇽…lol
Leaving the US was easy and I have never regretted it. I left over 20 years ago and happy to say that I do not miss it.
@Raven Black Currently in Vietnam but want to head over to Malaysia once everything reopens.
Well don't let the door hit you on the way out, we don't need people like you anyway..
I'm joking, I get a laugh when people tell me that. The level of ignorance that Americans have about the outside world is mind boggling. Currently down in Yucatan MX, looking at moving over to Bali. But I do have some business to tend to for 6-8 weeks with some properties in Texas before continuing on. I actually have a fear of going back and getting locked in the US by some new orders the white house pulls out of their ass. Sad that the country has turned into a place that I have a fear of getting stuck in.
What about Thailand?
@@thebrucewagner Thailand is OK but you would be better off with Malaysia. With the instability of the government and the cost of living has increased compared to what it was. As with all places, there are advantages and disadvantages. Where I live in Vietnam, everything is normal and everything is open with no restrictions. Can't say the same for other countries.
Where'd you go?
Im in Myanmar right now. The military is staging a coup de tat... I would rather ride out the storm here than to go back to the wreck that California has become.
Understandable 😂
That bad?
I totally agree w/U............& I've lived in many coup d etats .... growing up my grade school years... & it's = AN ORDNARY DAY ! .... in fact I ONLY went to school like 3 days a week sometimes... lol... I'LL send U an sossss package....Hi fr overtaxed NYC metro area....Litchfield County, CT.... we've even vacationed in post civil wears countries... it was fun .... it NEVER bothered us & we were little grade school kids .. we knew what was going on.....
Crazy, I just read about that. Yeah California is hell and even atheist think so... Haha
@@argonunya882 yeah....they're basically killing off small business owners and restaurants with lockdowns that make no sense. Their homeless population is out of control. There's a petition to get the governor removed. The governor has been caught breaking his own policies and committing fraud with taxpayer dollars among other things.....
Here in Sweden, if I want to take out money from my business, I basically have to pay about 50% tax for it. If I want to take out 2k USD for rent etc from my business, I have to pay another 2k USD for taxes. Pure craziness and depressing haha
What is the name of the tax
@@princereddy4887 employer contributions “arbetsgivaravgifter” which is about 33% and on top of that, about 30% of ”tax deduction” that the company owner has to pay for all employees when paying them a salary. + VAT which is 25% on physical products and some services. And, about 20% percent in the profit each year. Something like this 🤣
@@HouseMusicMixChanel That's the withholding tax. That's more of a robbery than a Tax. The stupidest tax ever.
@@TEXLIFE true 👍🏽
@@HouseMusicMixChanel Like it's my business i already pay you tax on any profits i make. Why do i have to pay your from withdrawing money from my businesses. Hope you find a better place
Just got back from Grocery Shopping here in Lisboa, Portugal...An Organic grocery store, similar to Whole Foods like I had back in Austin, TX...Everyone greets me when I go there...They ask if I need any help, I even have a card from the store that gives me a discount on my purchases...Who would have thought? Boa Tarde!
Glad you left Austin. I used to love going there. It's turned into California.
Yup, some Texans call it Silicon Valley Lite.
Some days the "Lite" is not required!
@@sammiejordan9161 I called it the Silicon Valley of the South...The Old Mueller Airport is the Hollywood Of The South...Don't Miss it...
What's the grocery shopping price difference?
@@donh5794 I haven't been back stateside for a while...I used to shop at Sprouts and Whole Foods...Just like back in Austin, Sprouts being the cheapest of the two, we have the same in Lisboa...Buying organic is never cheap, no matter where you are...I share grocery expenses between my girlfriend and I...Depends a lot on what you eat...There also Equivalent Farmer's Markets here where the price's are better compared to traditional grocery stores...We budget about $400 U.S. per month...Bom Dia!
Hello guys,
Moving out to Canary Islands from NYC. My $11000 house taxes in Fair Lawn NJ were impossible to pay any more. Not worth it. Numbers are numbers and I can’t live here anymore. Time to move on.
You can do it.
11,000.00 a year CRAZY
No, “escape” is possibly an understatement.. have you seen the last week alone? It’s crazy here
Can I go to Vegas on Spring Break and get a "massage"????????? Wondering what a prostitute for a quicky would be like with both masks on! THE INSANITY!
@@DanTheQueasy-Fisherman and that’s not even the worst of shit 😂😂
Move to Japan for three years and it was the best experience of my life.
🇯🇵 I hear nice things about Japan. I wonder how expensive it is ..?
@@jamescalifornia2964 it is expensive. I had an American government job there with housing allowance and lived beautifully in Kanagawa. My counterpart English teacher friends lived in rooms with no kitchens and shared bathrooms in Yokohama.
@@jamescalifornia2964 you also can’t become a citizen there, ever. Even if you marry a Japanese citizen you can only be a resident and have to register every so often. Also, they can expel or deport you whenever they choose to. I love Japan and would gladly live there forever but alas it’s just to difficult. Also, Japan can be very conservative and frowns upon things outside the norm. Because of that my wife and our girlfriend decided to live elsewhere. We are much happier now and have made some really great friends that don’t have a problem with how we choose to live. Living in a place where we aren’t judged but rather are accepted is wonderful.
Go where you are treated best.
@@prepperjonpnw6482 - Interesting. Thanks & best wishes 👍
The first point is especially key. Travel abroad. Visit several countries that you are interested in. And spend a couple of weeks there to get to know something of the place outside of the tourist traps.
Agree
There would not be any tax havens if there were no TAX HELLS
America is hardly a tax hell. Especially for rich people.
I would add that you request all of your necessary documents today, I am working on paperwork for my American husband and its a bit of a mess right now. The times to receive birth certificates, marriage certificates and police background reports can be long depending on where they are (it goes by the state in the US, so you may have to contact multiple municipalities, none of which will treat you best). Then there is the apostille process - but get a few copies of your personal documents - it will save time once you call Nomad Capitalist to help you move abroad.
Very true, and thank you.
I work with many legal immigrants - mostly engineers. In the past year or two more than half of them have abandoned their US citizenship applications. I asked them why. They say that being a legal permanent resident is good enough. They don't want to pay US taxes when they go back to their respective countries, and one even said "You know what? Hungary looks better every day!" I agree.
My mum has been in the USA for about 50 years as a legal permanent resident and the only thing she can’t do is vote. As her son I’m a dual national and enjoy the best of both countries. I’m planning on leaving the USA for good and will probably take her with me. The USA is not what it once was or even what we thought it was. The left is destroying it quickly and irreversibly. Personally I don’t want to be here when it descends into absolute chaos.
Remember that walls also keep people in.
Thinking about buying a sailboat and living on the ocean the rest of my life.
Same until I looked into the maintenance schedule.
We sailed our boat to Guatemala. Antigua is a lovely city. It was a lot of work though.
Please research well before doing tbis.Its very romântico to think about but not so easy to do.Need to have a lot of money.
@@josephgreen2008 It’s not so expensive if you’re able to do the maintenance yourself. And there is a lot of maintenance. And I would say that it takes years of sailing experience to sail oceans safely.
@@Rittlesleo Agreed,wanted to sail myself but the more I looked into it the less it seemed like a good idea.
Clarity. Simple steps that can be implemented now. Thank you for the direction and steps. Incredible content
I would rather burn a million dollars than give it to IRS
spot on!!!!! 5yrs from now people will regret not listening to this, thank you for reaffirming what im working on now.
In 2004, I spent a semester studying abroad in Russia. It had its set of issues, but I actually didn't want to leave to head back to the US. I did it, out of respect for Russian law; but if I could have legally stayed, I would have. It felt so freeing not having to worry about American problems when I wasn't around other American students.
I don't make 7+ figures; but part of that is because US politics have beaten me down so much for so long that I haven't been able to focus on being successful. I think that if I were to find a country where I were treated better, that I could become at least a successful freelancer - and that maybe I'd have a better chance at earning a good income.
Leave and do it soon! Go! Be free! You owe it to yourself and will end up regretting it if you don’t. Cheers
I moved to the US Virgin Islands. It's a great step to see what you think about living off the mainland.
Move over to 10-15 miles over Culebra PR and you'll get 0% taxes!
I am looking at the Caribbean as a place to go...I like St. Martin and Barbados..
@@user-dy2qq5wh4b That's not true. I have a house in Puerto Rico too.
@@scottc.5142 Do it. There is a little more involved because you are now leaving the US but I love living in the Caribbean.
@@TheRetirementality Act 60? yes 0% tax exemption for US citizens not from PR
formerly Act 22.
My mother worked for the US State dept in several countries overseas she lived in many countries OTHER than USA most of her life. So I always KNEW I was going to e international as soon as I could be. I was a university professor and administrator so I could only do it permanently in retirement....I retired early on my own money at 50 and am now 73. These have been the best years ofmy life! I am so glad I didnt wait til age 65 when I could have retired on a university pension.
THANK YOU, Andrew
Love listening to Andrew. So mature.
Thanks for the video. You answered some of the questions I was asking yesterday!
My best recommendation is Alamos Sonora Mexico. It's a days drive south of Tucson. Retired here in 2009 and have yet to spend more than my social security and yet live happier and healthier than in the US.
Stopped in KL on the way from Colombo to Tokyo and loved it-best of all really wonderful people
Good point, ask yourself what you want, take time to formulate specific answers. Implement plan based on what you want to gain.
I want to leave the U.S. for good. I am not at all rich and I don't have a disdain for rich people. I love watching your videos and learning about what to do and what not to do should I ever be financially able to leave. I have lived abroad and I think there has to be something better for me!
Insightful. Thank you.
If I needed a visa to come back to the USA 🇺🇸 I would feel I have achieved one of the biggest of my life’s accomplishments
I dont know why but the thought of renouncing my citizenship really scares me but I certainly want to go somewhere else!!!!
@Uncle Ruckus all roads for US expats lead to renunciation thanks to FATCA, FBAR, GILTI, and other draconian laws. It took me ten years to make the decision but I could no longer put up with the tyranny.
Find yourself a good tax person who specializes in Americans overseas and take the plunge. You don't have to decide to renounce right away. It takes years for most of us to decide (unless you've been kicked out of your bank account like some have). The most important thing is to at least try something new and be open to the adventure.
Don't worry... you will have more freedoms a d benefits when you come back illegally...lol
"couldn't you just. Have nationalized in some country without having to renounce and just live as a citizen of your new country." Firstly, You can't renounce unless you have another citizenship. You will be turned away. It's a requirement. So, yes, I do have another nationality. I did live with both my American citizenship and my second nationality for 25 years. It wasn't until Obama brought in FATCA legislation that remaining a US citizen became increasingly difficult. Getting bank accounts, mortgages, jobs, participating in investments, and retirement funds become, in many cases, impossible if you are a 'US person'. If you aren't being penalized by the IRS you're being outright rejected by foreign banks. This is what's called the 'American taint'.There is a saying in the US expat community... "All roads lead to renunciation."
"If you have no bank account or property in usa theres really nothing they can do..." You don't understand how FATCA works. The US has turned every financial institution in the world into tattletales... and they do tattle. Get it wrong and you could end up losing everything and still owe Uncle Sam. You must be vigilant about everything you do, particularly your taxes, which are cumbersome and expensive as an expat. You need a special accountant to get you through it each year.
Bottom line, if you are thinking about leaving the US and simply disregarding FATCA, FBAR, and tax filing requirements you won't be able to renounce until it's all sorted out. US taxes must be filed for the five years prior to you renouncing and then one last time after you renounce. Then there's a possible exit tax.
This is why you must plan. You must know the rules. How long you can visit the US each year without losing your Foreign Tax Credit, for example.
This is why you pay for advice and this is why you should start by buying Andrew's book.
@Uncle Ruckus You have no idea about any of this, sorry. Zero. Nada. Zilch. I felt I was wasting my time replying to you and you have proven me right.
I have twenty-seven years of experience living overseas. Just letting your passport expire is meaningless. You are still a US citizen with tax obligations while being under the microscope of FATCA and FBAR. A citizen who, btw, won't be able to ever visit the US again with an expired passport. You know you have to enter the US on an American passport as a US citizen, right? No matter if you have a second passport. Of course, you do. You know that it's a felony to not file your taxes, right? Even if you earn $0. You know that banks in most countries will hand over your bank accounts to the IRS if asked, right? Are you going to lie when you go to open a financial account if they ask whether or not you are a 'US person'? Is this a fraud you're willing to commit? You have a lot to learn and I hope nobody takes advice from you unless they want to be relieved of their life savings with triple penalties from the IRS plus interest. There is a right way and a wrong way to leave the US and keep your nose clean, which gives you the option to renounce or not without too much stress or financial costs.
"There is no reason to spend time and money in renouncing your us citizenship."
Yes, that's why people like Andrew and myself (and thousands of others) have spent thousands doing so... because there was no reason.
A lot of Amerikans aren't saying that any longer. I realized the writing on the wall 20 years ago. When half of the country openly wants to imprison the other half, take away their free speech, guns, right to privacy, right to be free without surveillance, choose if they want to take a vaccine (it's not a vaccine ) or not, higher taxes through the roof (even though those same people flee those states Kali and NY) ... I haven't heard anyone within years say it's the best country because for reasons above, it's sadly not. It was. And now Neo con wars going to start up again after 4 years of most peace in 40 years. I'm kind of hoping for it to fall now they the dictators are in control. And ESCAPE...is an accurate term. There isn't much future here.
I think he's on to something here. Just take a nice leisurely trip to another country or maybe two or three Nothing clears your head more than standing back and taking in the big picture. No one can really see straight in the USA It's like staring through the bars of an insane asylum while in a straight jacket
You are right! Great description of the situation! I honestly finds it hard to make decisions about emigrating, but I have recently purchased a ticket to fly out and do what Andrew said in this video; before watching the video ... I am so encouraged by the video.
Very good advice Andrew.
Are you saying I can open a bank account in Hungary here in the US digitally?
Great content and information for us considering second residence.
Great material thank you sir. 👍
Thank you so much Andrew for opening all the doors and windows. It gives me a sense of freedom just listening to you. Would you be able to elaborate on Uruguay passport and citizenship sometime?
Uruguay has Double Tax Treaties in force and effect with Argentina, Belgium, Chile, Ecuador, Finland, Germany, Hungary, India, Liechtenstein, Luxembourg, Malta, Mexico, Paraguay, Portugal, Romania, Singapore, South Korea, Spain, Switzerland, United Arab Emirates, United Kingdom of Great Britain and Northern Ireland and Vietnam (treaties with several other countries/jurisdictions are in the process of negotiation but have not been internalized yet and are still not in force....KPMG global............And, to avoid double-taxation, Uruguay credits any tax paid anywhere on that income. Citizenship and Second Passport in Uruguay Uruguay allows multiple citizenships. And the country's passport is a very reputable one.....Uruguay taxes dot com..........Treaty Between the UNITED STATES OF AMERICA and URUGUAY Signed at Montevideo May 6, 1991 NOTE BY THE DEPARTMENT OF STATE Pursuant to Public Law 89-497, approved July 8, 1966 (80 Stat. 271; 1 U.S.C. 113)- (www.state.gov/wp-content/uploads/2019/02/94-415-Uruguay-Mutual-Legl-AssistTreaty.pdf)
Hi fr overtaxed NYC metro area....Litchfield County, CT... drowning in taxes...oy vey...!
I am interested in Istanbul and have been learning Turkish. Probably the European side of Instanbul.
Thank you again for your informative videos.
@@frederickmuhlbauer9477 it is one of the best countries to move to .very good health system and cheap and living expenses so cheap the weather nice but get out from cities .people friendly and kind and helpfull and clean every where ...believe me better than most European countries. vist first and see .
I escaped and I didn't even plan to escape; it just happend that way and I'm satisfied, comfortable and thriving in Switzerland.
EU is worse...
@@cscs9192 Switzerland is not a part of the EU. Never was, never will be. A free and independent confederation since the year 1291.
If you open a bank account anywhere, make sure you know what their policy is for being inactive. If you don't use it for a year (or whatever their policy is) then you may have to go back there in person to be able to use it again.
It's all up to You.
thanks!
What of the safety of Ecuadorean banks? Thank you!
He's right, NA continues to get worse and other countries are getting better and better.
Yeah, interesting how only certain countries continue this "war on COVID."
It's almost as if it's on purpose...
Classic video. Should be on ppv, great job Andrew.
Really enjoying your content. Would you consider doing a video on best places to relocate on a permanent basis with school-aged children (particularly daughters) where there would have good long-term education and career prospects? We are Canadian and ideally looking for a safe place with a warm climate. Panama and Portugal are currently on the potential list. Thank you.
Grrat video and excelent advice.
Thank you
Hey Warren C. USN Retiree here. Doing the same in Colombia. Life is much better here.
The question is: if half is taken in taxes, what do you get in return? In many places quite a bit, the US? not much...
You are absolutely right! Pulling the trigger or making the change to go overseas is extremely difficult. Not the decision but the implementation and execution. Coming up with the list of things to do sort of scary.
@@notaneurotypical5338 Dealing with the psychological, financial, and emotional before the physical ones. LOL!
1 at a time
@@joycevo9577 Got it!
@@notaneurotypical5338 LOL! The only good news for me is that I have done it several time in my life. Not really afraid. I just truly understand what it is and what it takes. Do not want to charge the hill one more time but might not have a choice.
Keep your chin up, Alberto. You have plenty of fight in you.
Buy Andrew's book. Recommended.
Any way for those of us in Australia, where leaving the country is verboten, to purchase access to the videos from the conference? Believe me, I'd be there if it wasn't for the Aussie Gestapo. Thanks.
Thank you for the endorsement, Lisa. We promised that there would be no recording available, and while we understand that the world has changed, we think it's best to honor our word and make the content available only for those who attend. We hope you can make it out, or perhaps to a future event!
@@777dragonborn Bobbies are British, not Australian. I'm glad you find humor in our house arrest. Take care.
If a person renounces there U.S.A. Citizenship will they still continue to receive there Social Security payments?
the treasury sec is talking about taxing unrealized gains,even retroactively
Your videos are very helpful to 5 figure winners as well. Just sayin'. Fortunate to have access to your content. Thank you for doing this.
My pleasure!
Where is the channel that helps regular “middle class” people leave the US?
Why would that channel exist is a better question.
Nice work 🎇✨🎆
No fear here.. its just a slower process for the 500k and under folks
Texas is fixing to jump ship🤠🤠🤠🤠🤠
I wish we Texans could secede. I'm eighth generation and sick of what is happening to my state and this country due to liberalism. I've traveled abroad multiple times. Whenever I'm asked where I'm from, I always say Texas. I never say the USA. If I ever leave here , I will miss Texas. But, I damn sure won't miss the USA and liberalism.
No, they are not.
@@notaneurotypical5338 I would honestly move to texas if they did
Texas gave up that right with the Civil War...Look up Texas Seceding From The Union
@@minigirl6379 I totally agree. I'm a Californian and my state is ruined by the libs, now, they're trying to ruin your state as they can't afford Ca due to their own fault. Throw in all the divisive BS and my country has basically changed to some other country. Now I'm considering Portugal and Spain. Who would have thought! It's scary and sad and I'm angry but I guess this is part of the journey to find safety and happiness and let all of the US induced stress go. My beloved Dad would roll over in his grave but if he could see what's happened he'd join us.
Great content, but USA isn't the only country that would like to migrate. I'm from Canada, maybe you could touch on subjects like; dual citizenship, tax laws, warmer destinations year round, etc. Thanks, im 64 and retired.
Canadian here too. Trying to save my bank account
Fellow Canadian that's been looking to check out since my mid-teens. I would highly recommend the Balkans. The year excluded, I've gone for a month every year for more than a decade. Very kind people, beautiful scenery, amazing food and Montenegro is an easy choice (non-EU). Your money goes much further there!
@@escalatedpumpkin thanks, looking to stretch the very week Canadian dollar.
Also Canadian, and trying to escape the experimental vaccine gestapo. I will not take the jab, so I have to escape somehow. Sad to leave my beautiful home, but...
Thailand! 🇹🇭 Get a Thailand Elite Visa or a normal Retirement Visa there.
I am already a dual citizen with the Italian and American passports in my pocket; my plan to leave the U.S. is in full swing with reliable contacts ready to help once I will have gone to Panama . Once I have got the permanent resident visa I will keep living in America for another year or two ( unless the shit will hit the fan which is highly likely !) and finally I will sell my property in Florida and GTFO . For GOOD !
👍
"Once I have got the permanent resident visa I will keep living in America for another year or two ."
I'd be getting assets out now before the communists put limits on how much cash can leave the country. Do you have an overseas bank account?
@@LMC444111 I am Italian also and have my family assets sitting literally overseas , since I have never transferred any money from Italy to the U. S . 😆😆😆.
I will open another checking account in Panama as soon as I could go there and talk to a lawyer ( a matter of few months ). Remember: I am Italian first and foremost and if I have to I will renounce the American citizenship !
I'm also Italian by descent and was planing on moving to Calabria where my family is from before COVID. I'm so ashamed they helped usher these stupid lockdowns in... It seems the government had gotten too close to China in recent years. Very sad...
@@GabrielGomez-ur2rc piacere di conoscerti. Spero tu sappia l’italiano abbastanza bene perché altrimenti avrai problemi nel comunicare una volta che sarai in Italia . A parte le città più grandi ed importanti , nel resto del Paese si parla solo italiano ( ed il dialetto della zona ). In bocca al lupo 🍀!
Betterment is Cashing In On The American dream...best book wroten!
Hello just became subscriber. I will go to your website in the meantime. I'm thinking of retiring to Vietnam. What are the taxes like there.
Yes indeed!!
I never in my lifetime thought I would ever see those words escape from the USA. Chilling
Wake up America! Fight back! Words and speech are powerful weapons never let us lose them.
File for Secure Party Creditor status protected by an irrevocable trust.
Authenticate ones birth certificate at the county, state and federal levels, then get it notarized and file.
explain pls pros n cons?
Bitcoin fixes this.
David left america but still uses a cap with an american flag wherever he goes lol
Until it becomes illegal asset by DC and Brussels!
Maybe , we'll see. I would take a look at Hashgraph............No, it's not what you think.:)
@@DanTheQueasy-Fisherman Depends what you mean by "illegal". I think it's unlikely that the US government will get to the point where it is actually putting people in prison merely for owning bitcoin. But if the US government ever does get to that point, it'll be because it has otherwise become highly tyrannical and despotic.... in which case, the decision about whether to own cryptocurrency would be the least of everyone's concerns.
@@dlukton Not Jail! You thinking too much CABLE NEWS mindset. FedCoin will over ride and make Bitcoin illegitimate. Wait and see in a few years.....or maybe this year?????????????
Outstanding points. I have been thinking about the why which is tied to who. Also thinking about where to reside, likely Eastern Europe but that is my thought right now. You have talked about Georgia from time to time, it interest me but I have not done the research needed at this point but I am working in that direction. I have been mostly to Asian countries and Australia, so culture shock is something I rather enjoy. That makes me odd but enjoying a different culture is part of what I want.
I had better get of my ass and do some research, travel to Eastern Europe and get a feeling for this area but reading each country will be different.
I'm Canadian and want to be able to travel. I can't since our government is detaining people at the airport when you come back from international travel. Trudeau just announced that even with a negative Covid test presented, you still are sent to a government hotel for 2 or 3 days at your own expense ($2000 CND) while you await your result. If your test comes back positive you are hauled off to who know where. I'm not making this up. I'm trying to figure out how to leave for good. You are so right. You need to figure this stuff out as an insurance policy and hope you never need it. This is a nightmare!
Yes I'm in Quebec, I called the travel agency for a ticket on Friday she told me exactly what you said. I said pardon me $2000 dollars? She said yes at a government designed hotel for 3 days than you can do the rest of the guaranteen at home . She said wait a week then see what changes.
Also I rent a room and some one came on Saturday because he was going to travel around in Mexico, he gave up his apartment and now can not get out of the country. Him too, he will try in a week to get out.
But today I learned they are opening everything (stores) on Feb 8.
They want everyone begging for the vaccines so they are creating a lot of pain for us.
Where would you leave to?
I am looking into Central America.
@@CanadianVacations I am thinking Mexico or Panama. I no longer have any trust or faith in our government. What's next? More abuse for sure. There has been alot to be worried about but now they are kidnapping people from the airport and bringing them to secret locations. That's enough for me. Now I'm making arrangements for a second passport. Thank you Andrew for all that you do.
@@CanadianVacations Come to Panama, residency is very clear cut and you have 6 months to get your residency. Being a Canadian the Friendly Nations would work best for you since I presume you don't have a pension.
@@mtngrl5859 Thank you Jean, I have been looking into it and had a couple of quotes from lawyers and it's VERY expensive then who knows if the lawyer is trustworthy and won't just walk away with the money. That's right, no pension but I have some rental income. It seems the FNV is the best route. Are you there in Panama now? Also I think the government is not allowing people to travel to south for vacations. Do you by any chance know a trustworthy lawyer not too expensive?
Thanks for your reply.
Rhona
Is there a nomad capitalist for people that have not yet reached millionaire status?
Lmao!!...hard answer is NO...but this guy is going for high end clients....good news though, all the rich ppl that can afford to do this will just be extradited back to the USA and there bank accounts will be seized so there is a bright side..lol
@@motokenny8045 FATCA?
Ethnocentricity is typical, it's not unusual that citizens believe their country is the best😎😎😎
When I heard that Istanbul had hummus, Hermes and CBI I found 2 real estate agents on that very same day.
Holistic Plans for the future:)
Having travelled a bit in the 90s; Philippines, Indonesia... Hungary. Being in my 60s now... I think the heat and humidity of tropical countries is a BIG factor ie A/C and “food” may be tasty... but you want to eat healthy and being on a low carb diet (which is keeping me alive) means Chicken, Salads, Vegetables can’t be a “luxury” but a staple.... cost of medical... mostly a fraction of here in the US but I caught typhoid in Surabaya and had to get a train to Jakarta to get decent care...
Money-wise, I think a lot of people assume Social Security will be around forever (or won’t be cut-off to expats) so it’s probably a good idea if you have some way to earn income (that doesn’t displace local workers) even IF you have retirement funds.
Lastly, I’m pretty much a loner but, traveling alone around the Philippines and Indonesia, island hopping for a year, made me realize that I do need to converse with a slightly upper class crowd... music, theatre, films (sports is probably a no go since few countries share our sports) but - most people live a very basic life and are interested in what keeps them eating their living... so - unless you wanna be Eddie Albert & Lisa in Hooverville - you better scope out your potential circuit of friends!
At this point you get better/more benefits if you’re in the United States illegally lmao
I wanna run out & JUMP in as an illegal alien in my own country to get the benefits for free...right kamalala right Xiden??
@@mela6046 unironically
Yeah, sometimes I think about renouncing my citizenship, and then living in California as an illegal alien. As a "foreigner" (at least on paper) living in the US, I could retain my brokerage accounts, and then pay no capital gains taxes; I could have a California driver's license; I could even vote in US elections. On top of that, Biden is probably going to legalize all the illegal aliens, so I could get my citizenship back... and then renounce a second time if I wanted to.
@@dlukton You have it SO FREAKING HARD huh! Praying for your brokerage accounts and may the evil capital gains taxes stay away!! I know most of the world would sympathize with you....
@@mela6046 Hahaha yeah go trade places with someone at ground zero in extreme poverty and restart your life in another country and make your way back illegally. That way you will have ALL THEIR PRIVILEDGE! I'm sure you would still be LOVING that choice if you could make it.
If you plan to leave the U.S. indefinitely, you need to be 1) independently wealthy 2) a digital nomad 3)an a career English teacher or 4) relocated by your company. If you think that there are more options out there, you will quickly find yourself back in the U.S. looking for a job. I base this on 5 years of studying and travelling abroad. If you are not one of those 4 things, you are a dreamer.
A retired person could do it too!
How’s it living in Turkey? Cost and taxes? Thank you for all the ideas ..God bless
I will retire abroad part of the year as I did the past three years, but I would NEVER give up my citizenship.
How stable is turkey? There is alot of variables going on.
Great video!!! Just subbed!!
Quick question: What’s the best way to move funds(401K) to a foreign bank legally??
Welcome to the channel. Feel free to email our team at help@nomadcapitalist.com for help with offshoring a retirement account.
Cheers!! Thanks for the prompt reply!!
I think most Americans are afraid of the "personal safety" aspect more than anything. Then it's hard to leave the country with the most powerful military in the world. As someone who is 6'4", blonde hair and blue eyes my thoughts are that I'm going to be a walking bullseye. It's just a fact that Americans are not liked in a lot of countries and I would NOT be safe. Of course I would feel comfortable in Germany, Sweden...most northern European countries, but not in places like the Middle East, most of Africa, South America, etc.
You need to consider Asia! They would love you there lol. If you aren’t married I guarantee you would have your choice of potential wives lol. When I was there I had the best social life ever lol. I ended up married to a beautiful Japanese woman much younger than myself. Living in Japan was not ideal for many reasons so my wife and our girlfriend moved to a place where we were happier. So seriously look into Asia, its a great place to live.
If they were to fully close the border, would it be illegal to use my 2nd passport to bypass that border close and leave.
I get the sense you don't care much for Greece but I'd enjoy a video on what options exist for people who do want to live there as a resident without citizenship of the country.
I don’t feel free living in America .
I can make some descent money .
At the same time . There is no advancing .
why dont you feel free in america? never get that.
Hey Andrew, what do you think about the recent coup in Myanmar?
Can you do an episode on healthcare?
We did:
th-cam.com/video/8BhPf83uPig/w-d-xo.html
th-cam.com/video/Jd9qf5cnwdk/w-d-xo.html
th-cam.com/video/6W4kvJWuVfI/w-d-xo.html
@@nomadcapitalist thank you! 😃
Good
It's hard. I'm doing it for the second time. It's almost impossible to leave without abandoning several things you should've probably done before hand. Eventually you just need to go... And do not come back -you will be soaked and strapped with complete sticker shock.
This is advice I needed to hear. Personally, I've never felt loyalty to any one country. I ask myself "what's in it for me" and lately, I can't say there's anything. There used to be things I got in return for tolerating stupidity but nawh, I'm out of this clown show. Tired of getting half my figures cut down to 6. Time to evac.
I am in my late sixties and have been loyal to the USA while I still recognized it.
How much time do I have to get out? I'm in highschool and feel obligated to finish but I'm worried I won't have enough time to escape.
Placed my application. seems unlikely I will be approved due to my nurses income. Thank you for your content and time regardless!
Thank you for watching.
''...even with a US Passport!'' lol ;-) @3:29
Another good one LOL
where can US citizens renounce citizenship in Europe? All european consulates are closed to renouncing services until further notice.
Istanbul