How to Live Overseas Like a Billionaire
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
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A comfortable home, a reliable car, a week-long vacation--just some of the little things that make most of us tick.
Of course, these basics depend on the size of our bank accounts. So what happens when you have enough money to buy almost anything in the world? How can you organize your Nomad Capitalist Lifestyle?
In this video, Andrew shares how to live overseas like a billionaire.
5:23 Moving Overseas
2:45 Is Everything Available?
2:56 How Do you Build Your Own Household Staff
6:32 The Driver
8:36 Personal Business Manager
9:33 Hiring a Maid
11:13 Hiring a Chef
14:30 Working Visa
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.
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.
Sitting here eating ramen studying how to hire my own maids in Dubai 😆 🤣 😂
Hi hire me, any job related to retail, service industry, I am experienced. And interested to work with you.
"I need blueberries in December." I love Andrew's humor, because that would be something I would say. Growing up as a farm girl, the "penthouse life" would never be for me. I'm glad people are opting for villas and landscapes to high rise and big cities.
Then Thailand would be for you. Phuket has it all. I love Andrew, and I understand he’s promoting Kuala Lumpur, but I just got sick of it. It is not a great place to live in. OK to visit once or twice.
I’m living my life in such a way that I truly understand why some people have personal assistants. You can’t do everything by yourself.
I have electric servants. Washer/dryer, dishwasher, Instapot, Rumba and my coffeemaker to name a few. They work hard, don't demand a raise, and never talk back. So I think I'm set. 😂
Had all the staff, hated it. Prefer to live a more simple life and be responsible for my self
Agree. Having all the staff inevitably creates its own problems. Like conflict amongst the staffs and end up with different factions within the household. Another issue is that some staffs eventually will want to borrow money from their employers due to their own financial mismanagement and can’t afford to pay for their own emergencies.
It’s better to just hire a cleaning service to clean the house on a scheduled basis instead of having a live-in maid. Just use Uber or hire a limo service to get around town instead of having a live-in/full time driver if you don’t want to drive yourself. Just order UberEats or dine at your favorite restaurant if you don’t feel like cooking instead of having a chef. And, order your groceries online and have them delivered instead of having a staff going to the supermarket to buy your groceries.
I'm all for making life easier by throwing cash at problems the average person has to contend with, but the easiest way is to not create bigger problems by matching your lifestyle to your income. No boats, fancy cars or planes. No trophy, high maintenance wife. No homes with 10 bedrooms that never get used. More and bigger 'stuff' creates more problems. Focus on solving other peoples problems.
So true had 2 boats 2 houses 3 companies and was fat and stressed. Now own 1 car rent and travel. I've never been healthier or happier
Yep, every additional luxury you buy becomes a drain on you in both money and time.
there is nothing more boring than endlessly fixing houses, boats and cars which constantly break and deteriorate
I like stuff and it doesn’t stress me out.
Aaaand ain't that the truth - everyone I know that lives this lifestyle, contrary to what Andrew is saying in this video, does absolutely none of that.
They own ultra-luxury condos that have their own private resident-only cleaning teams, caretakers, drivers, assistants, etc, or stay at hotels that include it ($700+/night generally) and have not a care in the world. They have no team to manage or any complications - they can get whatever they want delivered from food delivery apps or have the building assistant(s) figure it out within a couple hours of arriving, or even before - and it gets done right.
Stayed at them before, a few nights, and it was better than I expected - had some ridiculously specific questions I couldn't find the answer to after hours of research and the assistant team kept me updated and figured it out on extremely short notice and arranged everything I needed.
I don't need that life, and would rather invest that cash for the time being, but that's how they do it - not all these private villas around the world. Only the top 0.0001% do that (bezos types), if even, and they have full staffs on every property all the time constantly living there upkeeping it.
I’ll be happy to live like a millionaire on a beer budget.
Well if you show up in a country and sit down the restaurant and order a beer and it's only a dollar, and back home the beer would be at least $5. Now you know you just moved somewhere that's five times cheaper to live. There you go, living like a millionaire on a budget
Where do I find a billionaire to fly around the world and buy tea and sweaters for??
Be a butler
I was thinking the same thing. Send me on all the errands. I'm happy to go.
Andrew - Enjoyed the video. As a nomad currently residing in Budva, Montenegro and who has also spent time in Serbia I would add that these countries do have a mail service. So if you are in desperate need of a particular item of clothing, toiletry, etc. you can order from online retailers. It will take a few days to a week longer to arrive than in the west but you can still have them delivered. As for fresh blueberries in December you will have to settle for the frozen ones.
Which do you prefer out of the two?
I live in Belgrade lol I clean my own flat, but I've heard that it's hard to find good cleaners 😅
I moved to Montenegro and have trouble finding staff like a cleaning lady. They're overpriced and deliver bad service. Better of hiring a Dutch person, the standard is simply higher. Tips on this?
That’s really good ideia, it’s being so hard to manage everything since my wife is already too busy with our babies. I never thought about having people to help with my nomad life style.
My personal assistant has become my best friend.. I trust him more than family.
Thank you sir things to plan for thanks for realness
I have all the “stuff” and I love it.
Glad that you put the White Angel! Best regards from Serbia
Okay, where are the sweaters from?
“I need blueberries in December” lol
I have Real estate in Montenegro too 👍wise choice
Great information! Very well explained!
Thank you!
@@nomadcapitalist My pleasure!
Would love more videos regarding Montenegro on all topics
Luxuries like a private chef and maid are much more affordable in Latin America
Where not anymore
Thanks for this Andrew! Did you say a family office or a family officer? Either way, can you please make a video elaborating on this versus the personal business manager? Thank you.
Family office is what many wealthy have
I think he meant "family office" as in a family trust structure (where sometimes a personal assistant can come as one of its perks)...
I can tell that you are filming this in Serbia Belgrade because of the photo behind you
I can relate to a lot of your videos but this is not one of them lol
Dealing with people is a challenge, most of the times, simply because they are people (they will never be as predictable as my german shepherds). I have had to deal with people under my coordination for a good part of my adult life such as maids, cooks, cleaning personnel, farm peasants / cowboys, civil construction workers, chauffeurs, copilots, skippers, office people and so on. It can be good or it can be bad. The idea of a personal assistant is fine, provided such person does not become a filter between me and the "outer world". I like to have regular direct contact with common people (caretakers, taxi drivers, policemen, beach life guards, bartenders / waiters etc) and hear what they think, what their concerns and necessities are etc. Many bad decisions have been made by executives (especially in the woke sense) mainly because they accepted to be put inside these so called HNWI bubbles. In my particular view, it might be a big mistake, if not properly managed...
'I like teas' - you sound British lol
Americans love tea & not just in Boston.😊
You don’t even need a personal assistant to travel to another city/country with a Prada boutique just to buy your garments and bring them to you. You can purchase the Prada garments online and have them delivered to you via courier.
Not in many countries, at least not without huge customs delays.
Lots of food for thought...interesting you said you, or one of your clients, had difficulty with getting maids to clean when living in Serbia...guess there isn't a "service culture" there yet...
Only as strong as your team
Please talk about opening bank account across nations like opening account in another nation's bank from another nation. How do i open bank account in another developed nation from India to transfer my money there? 🛑🛑🛑🛑
I did a video on this last month - how to bank globally - but really you can just open an account online so long as you have a few grand to send over to the new account.
@@greeneryfinancial dukascopy is 1 of the few banks In Switzerland which allows online account without physically going to Switzerland
Dubai seems to keep coming out on top.
good day
EASY, since most billionaires live like they make 150 thousand dollars a year.
Do you have venezuelan clients? Or living in venezuela ?
Absolutely! We serve clients from all around the world. You can follow this link to become a client and get all the information: nomadcapitalist.com/apply/.
Is this type of personal assistant not called a butler ?
maid
If I make it to retirement, I don't think my pension and social security will be enough to cover a personal assistant or servants! Where can I retire overseas in ten years $5,000-6,000 pre-tax a month?
Hi there, you can watch this video about The Best Retirement Plan with a Low Cost of Living: th-cam.com/video/WFALIFIptzI/w-d-xo.html
11:21 that “chef” in the stock video did a huge, huge “no no”. Who else caught it? 😂
living aboard thinking like locusts who take advantage of the resources of the poorest countries. For people from those countries resources like housing become impossible to obtain or rent. people from those countries are only spoken of as potential employees (maids, drivers, cooks etc.)
No one wants to hear this same old tired argument.
What about all of the money they bring to the area and the jobs they provide?
Take a look at what happened when all those wealthy people stopped traveling and spending their money during the pandemic. All of the sudden these countries were bankrupt. They are begging for the wealthy to return!!
Menials jobs? Because of foreigners the house prices and rent in this countries have risen so high that local people and immigrant workers can't afford them.I know what I am talking about, I am a Portuguese born in Africa
You only have to listen to the video to see that there is no interest in the people of these countries or in their culture and language. To conclude, of the tourism industry of which you speak, only crumbs reach the people. The big hotel chains belong to conglomerates.
@@RealEstateAndLandlordNews Yes everyone needs to hear this, if they want or not. You are disgusting.
Not having a good cleaner is down right disappointing.
Philippines is the best place for all this stuff. Plus better beaches than all the aforementioned.
@@huwhitecavebeast1972 After living through the high tech nightmare tyranny in Australia the last few years navigating petty corruption is a cake walk
@@huwhitecavebeast1972 Never heard of this in the Philippines, it’s just a country not a war zone 😅. It’s a prime retirement destination for a reason. Lot of hypochondriacs out there with no clue. Thousands of foreigners happily in Siargao, check out brit family 8 miles from home documenting their life setting up a home with purchased land. Dream idyllic life.
@@chrisk7118 exactly. I live in Manila, and I'm american. Corruption is even in the usa. It's everywhere.
@@chrisk7118 can you kindly elaborate on the high tech Tyranny you speaking of
@@ghostwriter991 Lockdowns and scamdemic.
Topics of this kind sounds a bit too much for most people. if you are not a billionair, then be honest with yourself, don't have to live like a king.
yachts and jets cost the same where ever you go.
Not true. Fuel costs, staffing costs, maintenance costs, and even the cost of the items themselves can vary greatly.
One time my assistant had my salad fork in place of a fork designated for Filet Mignon ... OH the SHAME !!! Seriously, most of the topics Andrew talks about are brilliant, but not relatable to the average person... Why complicate your life so much by having so many residences ? One main home and a vacation villa would be plenty for me...
You have always mentioned that this is for six and seven figure entrepreneur. As highly skilled corporate worker with comfortable financial background, but very low risk taking abilities, is there a way to invest five figures to create an income stream? Say invest $50,000 to bring in 10% return , but create an opportunity for a part-tiime job for the investor? If your company can be the facilitator or administrator of such business combining 10 50K investors who can work together and start a 500K business? Anyone else in this section who wants to explore this?
Just save up and invest passively in funds and managers you support and trust until you have enough to do something on your own - or get into real estate. Working with others in business, unless you're all super close and on the same page is a disaster - especially with more than one or two partners.
Right now I'd say if you're risk adverse likely tossing into short-term bonds, gold, international real estate, or international reits/farming-companies is probably the best bet, until you have a stack of 6-figures to do something more with, like buy and renovate a second home in Brazil and rent it out via a property manager when you're not there.
Maybe next lifetime.
Seems like he changes where all of these homes are every other video
I think I rather be the assistant lol
Can you make a video for crypto millionaires? Where to move that won’t tax our crypto investments / profits.
Great question, we have covered it in these videos: th-cam.com/video/XvKqAsPf4k8/w-d-xo.html; th-cam.com/video/cmFOoXExnTg/w-d-xo.html
@@nomadcapitalist Perfect. Thank you for the link and taking the time to reply.
How to live abroad like a Sigma Quadrillionaire.
You are explaining in 2023 what Indian tech bros who made money from Western tech jobs and then retired young back home have been doing for more than 30 years. The only thing that has changed is that due to tech and the global reach of English, you Westerners are now contemplating it. Good luck though.
Why you saying good luck what is the dark side of this lifestyle because your tonality implies there's a dark side
Living in a shit hole. Yeah money can’t fix that.
".....live like a billionaire, go where ur treated best!"
-- nomad capitalist
Fire that chef. Seriously.
first
Unless you have a billion US$$$$ minimum.
All you need is a wife. Her job is to cook and clean. Staff aren’t necessary 😉
Andrew prefers a simple life
no wife is cheaper
This type of PA is called a wife
I really need one. but I'm not gay
When hiring a maid just make sure that she is a westerner and white woman and not from a poor country. And if you meet with a woman from a poor country that needs a job as a maid just give her a free salary of maid without working for you.
Eh?
Y
maybe he meant free housing as pay
What are you talking about?
What are you trying to say???