With recent news coming out that the EU wants to restrict visa-free travel for Americans, Andrew retouches on a topic he spoke about last week — second passports. Don’t let your ego get in the way of a second passport from a ‘lesser’ country. The reality is that those ‘first world passports’ are hard to come by and require an extensive investment on your time. However, there are plenty of fantastic T and B tier passport for a good value, if you’re willing to take ego out of it.
Hi, I'm Andrew Henderson. I've spent almost a decade learning the right way (and the wrong way) to "plant flags" for greater freedom and prosperity. If you're tired of paying high taxes and being stuck in one place, this blog will show you to how go where you're treated best. We discuss legal ways to pay less in taxes, create wealth faster, and live a life of total freedom. If that sounds good to you, keep reading or get some help.
[1:55] It’s up to you to decide whether or not you need an additional passport.
[3:00] How likely is it to happen that Americans will lose their visa-free travel to Europe?
[5:00] Ha! Moldova citizenship. Good luck living in your mud hut (as some would say).
[6:15] Colombia ain’t a bad place to be, frankly.
[7:05] Having an EU passport is where it’s at. You can stay busy for the rest of your life in Europe.
[9:10] Georgia and Montenegro are some of the friendliest places on earth to investors.
[10:05] Want a second passport? Have an open mind. Getting a canadian passport is hard!
[10:45] Don’t let your ego get in the way of being a Dominican, for example.
[11:55] Last time Andrew spoke to Reid, he was big on Cambodia and loves Asia. What things have changed in the last couple of years?
[12:50] Why Asia? How did Reid get started in all of this?
[15:15] How has the acting industry changed when Reid was a kid and part of the Screen Actors Guild?
[19:20] There’s not enough demand to meet up with the supply of readily-available actors.
[22:05] Reid has learned a lot of relevant life lesson from being a child actor.
[26:45] Child actors = Chick magnet … right?
[29:25] How did Reid grow his wealth?
[34:50] Andrew believes it’s important to invest wisely. Who knows what Amazon stock will do tomorrow? Diversify your assets!
[35:25] A lot of financial institutions will acquaint risk with volatility. Risk and volatility are two very different things!
[39:25] Reid moved to Thailand at the age of 18 to attend university.
[42:35] Why is Reid in Bangkok?
[45:05] Does the average person want to live in Cambodia?
[47:45] Foreigners love Bangkok because it has become a little slice of America, so to speak.
[49:15] How possible is to become a Cambodian citizen?
[50:45] Be aware of the scam passports.
[52:30] Why is Cambodia number one for investors/foreigners?
[54:25] Cambodia doesn’t have a McDonald’s, but they do have a Starbucks.
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