Andrew discusses why holding a mediocre passport may not be as bad as you might think. It is no secret that tax laws are only going to get stricter, so perhaps it’s time to have other options where you’re not forced to stay in one area for the rest of your life. By holding another passport, you may have more flexible visa options and won’t have to jump through as many hoops to travel and explore new countries. Tune in to hear Andrew’s full commentary.

 

Key Takeaways:

Andrew’s Editorial:

[1:25] Let’s talk about bad passports.

[2:20] The US passport ranks between 13-14th.

[3:40] What’s considered a bad passport?

[6:20] Andrew discusses some of Australia’s tax rules.

[9:40] It may be worth it to have a passport from a country with less influence.

[9:55] FACTA for the world will start next year.

[11:15] Having a ‘bad’ passport may actually get you better visa-free travel.

[11:45] Maybe it’s time to get an African passport.

[15:35] There are benefits to having mediocre passports!

[20:10] Always follow the law!!

 

Interview:

[22:35] How did Simone get started?

[26:30] Simone wasn’t happy with where she was.

[29:50] You have to be happy first.

[30:50] Why did Simone travel to Bali?

[31:50] Simone loves attending workshops and other activities where there are other nomads present.

[36:25] What kind of challenges has Simone faced?

[37:45] Simone discusses the important relationships she has developed through her travels.

 

The Lightning Round:

[40:15] One business – Dating business.

[41:30] One country – Europe.

[42:00] One book – Busting Loose From the Money Game by Robert Scheinfeld.

[42:35] One tool – ScribbleLive.

 

Listener Question:

[44:40] What kind of side hustles should an aspiring nomad pursue?

[45:55] Make it a full-time hustle!

[47:15] You have to make a full commitment to yourself.

[49:15] Get an emergency fund together.

[52:05] Become a nomad full-time, not part-time.

 

Mentioned in This Episode:

https://www.nomadcapitalist.com

Email: [email protected]

http://www.frompaintopower.de

Busting Loose From the Money Game by Robert Scheinfeld

http://www.scribblelive.com

http://www.rescuetime.com

Nomad Capitalist Live

Nomad Capitalist Live

Nomad Capitalist Live is our flagship podcast is where you hear from real life expat entrepreneurs and learn the strategies they are using to make more money and keep more of what they have.
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