Fav line...."for those of us who live in the Western world there is a sense of security where we think, oh our countries aren't corrupt. But as I always say, it costs a billion dollars to get elected President of the United States, you don't think that is corrupt:)"
The reason it costs so much money to become President of the United States is because the U.S. government has so much tax money and so many legal privileges to dole out. In other words, there is a solid return on investment. Play stupid socialist games, win stupid prizes.
Anyone heard of the story of ex Nissan CEO Carlos Ghosn being hunted in Japan for no reason not even getting a fair trial in his home country? Hard working rich people are clearly not appreciated in their home countries. The fact that the guy brought Nissan out of bankruptcy doesn't matter. How many jobs he created - doesn't matter. He is too rich and it's unfair to poor people who don't want to work hard enough and educate themselves but watch TV every day. So let's screw rich people, right? Wrong! We should be more appreciated. And if we are not appreciated in our home country they deserve to loose us to tax heavens. Like if you agree.
based in Bulgaria now with permanent residence card, work in UK and bank in Germany, BG and Transferwise a great Nomad bank.My best bank is my Trezor wallet.
Andrew, congrats on your 100k subscribers! 100k is quite a lot on a small niche market like yours. You may now claim your silver button and hang it on your wall.
This is a really good video, my good man. Although many of don't agree with you constantly (as is expected), you bring up some really strong points. This video is getting sent to the only friend I have that had the testicular fortitude to observe and possibly use something like this. Also, happy Chinese New Year.
183 day rule is only part of the problem. They go back two years. It's Or. Or if you spend 280 days or more in X over a period of two consecutive tax years, then you are tax resident. The key is to select somewhere and actually spend 183+ days there. If 'there' does not treat you best, as Mr. Henderson says, move again. It's the ability to move your flags, not where your flags are planted, that is important. America is the exception to everything. I love America, and I love Americans, but they own their citizens in a way that no other first world country does. Not only will they tax you for the rest of your life if you move, even if you don't spend a single day there again, but they will also charge you an exit tax if you renounce your citizenship. Herring, running for the Democrats, plans to significantly increase the exit tax.
completely agree with what your saying the only thing is do you think commitment is important because some things in life you just have to take the good with the bad.
Damm was just binge podcasting you! In your opinion what overall net worth or even for that matter only in income, should one have for it to be worth being a nomad?
Fav line...."for those of us who live in the Western world there is a sense of security where we think, oh our countries aren't corrupt. But as I always say, it costs a billion dollars to get elected President of the United States, you don't think that is corrupt:)"
The reason it costs so much money to become President of the United States is because the U.S. government has so much tax money and so many legal privileges to dole out. In other words, there is a solid return on investment. Play stupid socialist games, win stupid prizes.
Anyone heard of the story of ex Nissan CEO Carlos Ghosn being hunted in Japan for no reason not even getting a fair trial in his home country? Hard working rich people are clearly not appreciated in their home countries. The fact that the guy brought Nissan out of bankruptcy doesn't matter. How many jobs he created - doesn't matter. He is too rich and it's unfair to poor people who don't want to work hard enough and educate themselves but watch TV every day. So let's screw rich people, right? Wrong! We should be more appreciated. And if we are not appreciated in our home country they deserve to loose us to tax heavens. Like if you agree.
His multiple citizenships came in handy.
This is the most useful video I've seen of yours so far and is exactly what I needed right now. Thank you being my unwitting mentor, nomads ftw.
based in Bulgaria now with permanent residence card, work in UK and bank in Germany, BG and Transferwise a great Nomad bank.My best bank is my Trezor wallet.
Well done. How's life going in the UK? Planning to do it myself.
Andrew, congrats on your 100k subscribers! 100k is quite a lot on a small niche market like yours. You may now claim your silver button and hang it on your wall.
AmusementForce Thank you 🙏
andrew has many houses in many countries. it must be tough to decide which house to hang it on hahahaha!
watching this 3 years later and number is on 749k - love that!
Harry Schultz, my original "freedom" hero..
Harry Schultz
This is a really good video, my good man. Although many of don't agree with you constantly (as is expected), you bring up some really strong points. This video is getting sent to the only friend I have that had the testicular fortitude to observe and possibly use something like this.
Also, happy Chinese New Year.
183 day rule is only part of the problem.
They go back two years. It's Or. Or if you spend 280 days or more in X over a period of two consecutive tax years, then you are tax resident. The key is to select somewhere and actually spend 183+ days there. If 'there' does not treat you best, as Mr. Henderson says, move again. It's the ability to move your flags, not where your flags are planted, that is important.
America is the exception to everything. I love America, and I love Americans, but they own their citizens in a way that no other first world country does. Not only will they tax you for the rest of your life if you move, even if you don't spend a single day there again, but they will also charge you an exit tax if you renounce your citizenship. Herring, running for the Democrats, plans to significantly increase the exit tax.
completely agree with what your saying the only thing is do you think commitment is important because some things in life you just have to take the good with the bad.
Bill Hill actually came up with this concept. And one of his flags was the playground flag.
Wow. Your subscribers have crossed 100k in 3 weeks. Congratulations Prof.
When are you coming to Sydney ?
Looking forward for your next event:
Perry
Perry Matt No plans to be in Sydney, but hope to see you at Nomad Capitalist Live.
Damm was just binge podcasting you! In your opinion what overall net worth or even for that matter only in income, should one have for it to be worth being a nomad?
Do you think you can provide a North Korean residency permit?
Hi, Andrew, I am waiting to see your renovated condo in Columbia.
Andrew, quick question...Do you have a land line telephone or fax in K.L.? Thanks much.
Eric Everson No.
Is a flag necessary in a ngo ?
So what about 6 flags? Lmaoo
der ist müde